HSBC Health Goal Insurance Plan

1. Critical Illnesses Benefits consist of Cancer Benefit (Additional Payment), Heart Disease Benefit (Additional Payment) and Stroke Benefit (Additional Payment). Each of these Benefits is payable once only. If life insured is diagnosed with any of diseases covered under these Critical Illnesses Benefits before the age of 80 (Age Next Birthday) and has survived for no less than 14 days following the diagnosis, you will receive an additional lump sum payment which is equal to 50% of your policy’s Notional Amount³ (“Benefit Payment”). The Critical Illness Benefits are payable up to a maximum of three times and subject to a one-year waiting period from the last claim of any of these benefits and the following exclusions:

   (i) Any pre-existing conditions from which the Life Insured was suffering prior to the Issue Date, the Policy Date, the effective date of last reinstatement or the effective date of Change of Life Insured provided that the Critical Illness Benefits are still eligible for claims pursuant to the policy term, whichever is the latest; or

   (ii) Any illness contracted by the Life Insured within the first ninety (90) days following the Issue Date, the Policy Date, the effective date of last reinstatement or the effective date of Change of Life Insured provided the Critical Illness Benefits are available pursuant to the policy term, whichever is the latest; or

   (iii) Intoxication by drugs not prescribed by a Registered Medical Practitioner or abuse of alcohol; or

   (iv) Presence of Human Immunodeficiency Virus (HIV) infection on or before the diagnosis date of Critical Illness (except for “HIV Due to Blood Transfusion and Occupationally Acquired HIV” as defined in the policy term).

   These Critical Illnesses Benefits will terminate when the life insured attains the age of 80 (ANB), payout of the relevant Critical Illnesses Benefits or the policy is terminated (whichever is earlier).

   Please refer to the respective Policy Provisions for detailed terms, conditions and exclusions. You should consult with professionals or seek professional advice if you are in doubt about the definitions and exclusions.

2. You are entitled to the change of life insured of your policy for up to three times after the third policy year or after the end of the premium payment period provided all premiums are fully paid, whichever is later. Change of life insured is subject to evidence of insurability and our approval which is based on the underwriting conditions of the life insured.

   Critical Illnesses Benefits will be transferred together with the basic plan to the new life insured provided no claims have been made under the Critical Illnesses Benefits by the original life insured. However, if any of these benefits has been claimed by the original life insured before the acceptance of change of life insured, the Critical Illnesses Benefits under this policy shall cease to operate for the new life insured.

   The maturity date of the policy will also be reset to age 99 (ANB) of the new life insured. A new incontestability period will also apply. Any change of life insured may trigger consequential adjustments in the Notional Amount³, Guaranteed Cash Value, Special Bonus4 (if any), the Death Benefit and Critical Illnesses Benefits (if any). If it triggers a lower new Notional Amount³, the Policyholder may apply to increase the new Notional Amount³ for the new life insured up to the amount of the original Notional Amount³ before the change with the payment of additional premium. Any such request will be assessed on case-by-case basis and is at our discretion.

3. Notional Amount is an amount used to determine the premiums payable under this policy and your cash values, Special Bonus⁴ and amounts of Cancer/Heart Disease/Stroke Benefit (Additional Payment) to be received under the basic plan of this policy. It does not represent the amount of death benefit payable. The amount of Special Bonus, if any, is not guaranteed and subjected to our absolute discretion.
4. The amount of Special Bonus, if any, is not guaranteed and subjected to our absolute discretion.

HSBC Life (International) Limited (“the Company”) is incorporated in Bermuda with limited liability, and is one of the HSBC Group’s insurance underwriting subsidiaries.

Hong Kong SAR office
18/F, Tower 1, HSBC Centre, 1 Sham Mong Road, Kowloon, Hong Kong
The Company is authorised and regulated by the Insurance Authority to carry on long-term insurance business in the Hong Kong SAR.
The Hongkong and Shanghai Banking Corporation Limited (“HSBC”) is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency of the Company for the distribution of insurance products in the Hong Kong SAR.

HSBC Health Goal Insurance Plan is underwritten by the Company, it is a product of the Company but not HSBC and it is only intended for sale through HSBC in the Hong Kong SAR. HSBC has not authorised or appointed any intermediaries to conduct telesales marketing activities for promotion of insurance plans.

HSBC Health Goal Insurance Plan provides guaranteed cash value and non-guaranteed special bonus. The amount of any potential special bonus will be determined by the Company when it becomes payable. If the policyholder discontinues and/or surrenders the policy in the early policy years, the amount of the policy values or benefits which may be payable to the policyholder may be considerably less than the total premiums paid.

HSBC Health Goal Insurance Plan is a long-term participating life insurance product with a savings element. It is not equivalent or similar to any kind of deposit.

The policyholder is subject to the credit risk of the Company. The premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and the HSBC Commercial Banking Customer out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with the HSBC Commercial Banking Customer; however, any dispute over the contractual terms of the above insurance products should be resolved between the Company and the HSBC Commercial Banking Customer directly.

This webpage contains general information only. It does not constitute any offer for any insurance product. For product details, terms, conditions and exclusions, please refer to the relevant policy contracts, product brochures and proposals.