With the highest per capita life insurance premium in the world, why Hong Kong still has such a big Mortality Protection Gap? (Updated Feb 2021)
The overall protection gap in Hong Kong is ... >>
29/03/2021
Member Sign Up
Member Login
One more step, please sign in with your 10Life account and ask question anonymously.
Member Sign Up
Member Login
Confirm to leave?
Term Life Insurance (also known as “Pure Life Insurance”) usually has lower price (premium) and higher leverage (death benefit multiple) compared to Whole Life Insurance. A lump sum death benefit is paid to the beneficiary if the insured dies within the benefit period. The premium varies by issue age, premium term and benefit term. There are limits on the renewal age and coverage age. 10Life scores the term life products based on the coverage value, including the price and the terms.
We found Term Life product(s) matching your selected filters.
Sort by
ZA Insure | ZA Life Protection
1st Year Premium : $870 $696#
10-year Average Annual Premium : $853
Terms Score : 10.0/10
Limited offer
Coverage up to HK$10 million! Press "Quote now", to enjoy 20% off on the first year's premium. (enter the promo code "Life20" on ZA Insure website)
Product Highlights
- No intermediaries, premiums are completely transparent, able to get quotations unlimited times online, no need to wait for manual reply of premiums of different protection.
- Coverage up to HK$10 million.
- Premium can be as low as HK$32 per year for HK$100,000 coverage.*
- No medical checkup required, complete application within 10 minutes.
- Family medical history does not affect premium.
- Guarantee to complete claims within 5 working days after documents submission.
- No underwriting to increase coverage for changes in life milestones (marriage, kids, property).
Promotion offer
- 20% off premium discount Customers who purchase "ZA Life Protection" can enjoy a 20% discount on the first year's premium (monthly or annual payment). Customers can click "Quote now" to link to the product page and insert promo code "Life20" to enjoy the discount.
- Limited Time Offer This offer is only applicable to applicants who successfully insured and paid before May 31, 2021.
Relevant information
Please click here to download product provisionTerms and conditions apply. Please refer to the product brochure and product provision for details.
#Premium is calculated after 20% off premium discount on the first year premium.
Blue | WeCare Term Life Protection Plan 2
1st Year Premium : $900 $720#
10-year Average Annual Premium : $882
Terms Score : 10.0/10
Limited offer
Get a complimentary coverage for Novel Coronavirus and enjoy 20% off on the first premium by entering the promo code “FT220” via Blue’s website!
Product Highlights
- Best value for money The Plan is simple and easy to understand. With the amount of premium paid, it offers the maximum benefits that you are entitled to, up to HK$5.5 million insured.
- Guaranteed policy renewal A hassle-free experience with automatic renewal guaranteed* upon the expiry of the policy term, no additional health proof is required.
- All settled in 5 minutes Answer 3 health assessment questions to complete the insurance application, all online.
Promotion offer
- Complimentary coverage for Novel Coronavirus Blue is now offering complimentary coverage for Novel Coronavirus in view of the current coronavirus outbreak. If the insured is diagnosed with Novel Coronavirus, HK$10,000 will be paid. Please click here for details.
- 20% premium discount A 20% discount on first premium payment (monthly / annual payment) of our “WeCare Term Life Protection Plan 2”. To enjoy this offer, user needs to click the “Quote Now” button and enter the promo code “FT220” on the product website.
- Limited time frame and quota The promotion is on a first-come, first-served basis with a limited quota of 200. Applicants have to successfully completed the application including settled payment within the promotional period, today until 31 May 2021.
# Premium is calculated after 20% discount on first premium offer.
Relevant Information
* Terms and conditions apply. Please refer to the product leaflet and policy provision for details.
FWD | MyTerm Series
New
1st Year Premium : $1,000
10-year Average Annual Premium : $1,000
Terms Score : 10.0/10
HSBC Life | HSBC Family Protector
1st Year Premium : $1,031 $859*
10-year Average Annual Premium : $1,014
Terms Score : 10.0/10
Life insurance with benefits of your choice
Enjoy a 2-month premium waiver of your basic plan by applying promo code “2MTHFE”. And up to 4-month premium waiver by applying for a max of 4 additional benefits.
Product Highlights
- Term life insurance plan including the basic plan and the additional benefits of your choice
- Up to 4 additional benefits of your choice on accidental death, critical illness or cancer, child protection, hospital cash!
- Life coverage of up to HKD7,000,000 with premiums as low as HKD10.93^ per day
- Guaranteed fixed premiums for every 10-year period#
- Easy online application with simple steps
- No medical examinations needed
^Based on the sum insured of HKD7,000,000 of a non-smoking female who is 19 years old. The figure is subject to rounding adjustment. The actual amount of the premium is decided at the discretion of HSBC Life. Additional benefits require top up purchase.
#Your HSBC Family Protector total monthly premiums, including the basic plan and additional benefits, will stay the same for the first 10 years, then the premiums will be adjusted every 10 years until your policy ends or until you reach the age of 80 - regardless of how the state of your health changes. Please note, age refers to the age you'll be on your next birthday.
Please refer to the product brochure for Terms & Conditions details.
Promotion offer
1) Enjoy a 2-month premium waiver^ of your basic plan by applying promo code “2MTHFE” upon successful application
2) Enjoy a 1-month premium waiver with each additional benefit added to your basic plan. Get up to a 4-month premium waiver by applying for a maximum of 4 additional benefits.
Promotion period: From now until 31 December 2021 This offer applies to both your basic plan and additional benefits after your first month's payment. You can only enjoy this offer if your additional benefits are purchased and approved together with your basic plan.
*Premium is calculated after 2-month premium waiver of basic plan on the first year premium.
** Terms and conditions apply.
Relevant information
Terms and conditions apply. Please refer to the product brochure and product provision on HSBC website for details.
China Taiping | iLife
New
1st Year Premium : $1,030
10-year Average Annual Premium : $1,030
Terms Score : 10.0/10
China Taiping | China Taiping Fortune Life Term Protector
1st Year Premium : $1,030
10-year Average Annual Premium : $1,030
Terms Score : 10.0/10
Hang Seng Insurance | eFamilyPro Life Insurance Plan
1st Year Premium : $1,031
10-year Average Annual Premium : $1,031
Terms Score : 10.0/10
Blue | WeCare Term Life Protection Plan 1
1st Year Premium : $1,070
10-year Average Annual Premium : $1,070
Terms Score : 10.0/10
FTLife | Platinum Term Life
1st Year Premium : $1,210
10-year Average Annual Premium : $1,210
Terms Score : 10.0/10
Generali | Supreme Gold Plan
1st Year Premium : $1,280
10-year Average Annual Premium : $1,280
Terms Score : 10.0/10
We found Term Life product(s) matching your selected filters.
ZA Insure | ZA Life Protection
1st Year Premium : $870 $696#
10-year Average Annual Premium : $853
Terms Score : 10.0/10
Limited offer
Coverage up to HK$10 million! Press "Quote now", to enjoy 20% off on the first year's premium. (enter the promo code "Life20" on ZA Insure website)
Product Highlights
- No intermediaries, premiums are completely transparent, able to get quotations unlimited times online, no need to wait for manual reply of premiums of different protection.
- Coverage up to HK$10 million.
- Premium can be as low as HK$32 per year for HK$100,000 coverage.*
- No medical checkup required, complete application within 10 minutes.
- Family medical history does not affect premium.
- Guarantee to complete claims within 5 working days after documents submission.
- No underwriting to increase coverage for changes in life milestones (marriage, kids, property).
Promotion offer
- 20% off premium discount Customers who purchase "ZA Life Protection" can enjoy a 20% discount on the first year's premium (monthly or annual payment). Customers can click "Quote now" to link to the product page and insert promo code "Life20" to enjoy the discount.
- Limited Time Offer This offer is only applicable to applicants who successfully insured and paid before May 31, 2021.
Relevant information
Please click here to download product provisionTerms and conditions apply. Please refer to the product brochure and product provision for details.
#Premium is calculated after 20% off premium discount on the first year premium.
Blue | WeCare Term Life Protection Plan 2
1st Year Premium : $900 $720#
10-year Average Annual Premium : $882
Terms Score : 10.0/10
Limited offer
Get a complimentary coverage for Novel Coronavirus and enjoy 20% off on the first premium by entering the promo code “FT220” via Blue’s website!
Product Highlights
- Best value for money The Plan is simple and easy to understand. With the amount of premium paid, it offers the maximum benefits that you are entitled to, up to HK$5.5 million insured.
- Guaranteed policy renewal A hassle-free experience with automatic renewal guaranteed* upon the expiry of the policy term, no additional health proof is required.
- All settled in 5 minutes Answer 3 health assessment questions to complete the insurance application, all online.
Promotion offer
- Complimentary coverage for Novel Coronavirus Blue is now offering complimentary coverage for Novel Coronavirus in view of the current coronavirus outbreak. If the insured is diagnosed with Novel Coronavirus, HK$10,000 will be paid. Please click here for details.
- 20% premium discount A 20% discount on first premium payment (monthly / annual payment) of our “WeCare Term Life Protection Plan 2”. To enjoy this offer, user needs to click the “Quote Now” button and enter the promo code “FT220” on the product website.
- Limited time frame and quota The promotion is on a first-come, first-served basis with a limited quota of 200. Applicants have to successfully completed the application including settled payment within the promotional period, today until 31 May 2021.
# Premium is calculated after 20% discount on first premium offer.
Relevant Information
* Terms and conditions apply. Please refer to the product leaflet and policy provision for details.
New
FWD | MyTerm Series
1st Year Premium : $1,000
10-year Average Annual Premium : $1,000
Terms Score : 10.0/10
HSBC Life | HSBC Family Protector
1st Year Premium : $1,031 $859*
10-year Average Annual Premium : $1,014
Terms Score : 10.0/10
Life insurance with benefits of your choice
Enjoy a 2-month premium waiver of your basic plan by applying promo code “2MTHFE”. And up to 4-month premium waiver by applying for a max of 4 additional benefits.
Product Highlights
- Term life insurance plan including the basic plan and the additional benefits of your choice
- Up to 4 additional benefits of your choice on accidental death, critical illness or cancer, child protection, hospital cash!
- Life coverage of up to HKD7,000,000 with premiums as low as HKD10.93^ per day
- Guaranteed fixed premiums for every 10-year period#
- Easy online application with simple steps
- No medical examinations needed
^Based on the sum insured of HKD7,000,000 of a non-smoking female who is 19 years old. The figure is subject to rounding adjustment. The actual amount of the premium is decided at the discretion of HSBC Life. Additional benefits require top up purchase.
#Your HSBC Family Protector total monthly premiums, including the basic plan and additional benefits, will stay the same for the first 10 years, then the premiums will be adjusted every 10 years until your policy ends or until you reach the age of 80 - regardless of how the state of your health changes. Please note, age refers to the age you'll be on your next birthday.
Please refer to the product brochure for Terms & Conditions details.
Promotion offer
1) Enjoy a 2-month premium waiver^ of your basic plan by applying promo code “2MTHFE” upon successful application
2) Enjoy a 1-month premium waiver with each additional benefit added to your basic plan. Get up to a 4-month premium waiver by applying for a maximum of 4 additional benefits.
Promotion period: From now until 31 December 2021 This offer applies to both your basic plan and additional benefits after your first month's payment. You can only enjoy this offer if your additional benefits are purchased and approved together with your basic plan.
*Premium is calculated after 2-month premium waiver of basic plan on the first year premium.
** Terms and conditions apply.
Relevant information
Terms and conditions apply. Please refer to the product brochure and product provision on HSBC website for details.
New
China Taiping | iLife
1st Year Premium : $1,030
10-year Average Annual Premium : $1,030
Terms Score : 10.0/10
China Taiping | China Taiping Fortune Life Term Protector
1st Year Premium : $1,030
10-year Average Annual Premium : $1,030
Terms Score : 10.0/10
Hang Seng Insurance | eFamilyPro Life Insurance Plan
1st Year Premium : $1,031
10-year Average Annual Premium : $1,031
Terms Score : 10.0/10
Blue | WeCare Term Life Protection Plan 1
1st Year Premium : $1,070
10-year Average Annual Premium : $1,070
Terms Score : 10.0/10
FTLife | Platinum Term Life
1st Year Premium : $1,210
10-year Average Annual Premium : $1,210
Terms Score : 10.0/10
Generali | Supreme Gold Plan
1st Year Premium : $1,280
10-year Average Annual Premium : $1,280
Terms Score : 10.0/10
Further Readings
Remarks:
- The above premium excludes insurance levy collected by the Insurance Authority.
- The information on 10Life is intended for general education purpose and reference only, and does not constitute any insurance, financial, investment or other professional purchase advice or solicitation to buy insurance, financial or investment products. 10Life Product Ratings and Scores are mathematical calculations based on public product information and assumptions for generic customer segments. The Product Ratings and Scores DO NOT reflect YOUR personal needs. 10Life hereby excludes any liability arising from using the information and will not make warranty or guarantee on the accuracy, completeness and timeliness of the information or for any claims and / or losses caused thereby. You should seek independent professional advice and review the insurance product information carefully before purchasing any insurance products. The information shown in the communications placed on 10Life does not constitute an offer or solicitation for the purchase or sale of any banking or insurance products or services.
- 10Life Insurance Product Ratings are based on facts and data, and are not be influenced by any partnerships with insurance companies.
Gender
Male
Female
Age
Age 25
Age 25
Age 35
Age 35
Age 45
Age 45
Please enter your email address or login to your 10Life account to save the previous chat. Thank you!
Member Sign Up
Member Login
