Medical Insurance
Underwritten by: Hong Kong Life Insurance Limited
Appointed Insurance Agency: Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Wing Hang Bank Limited and Shanghai Commercial Bank Limited

Flexible Arrangement for a Better Protection

Being healthy and wealthy is our lifelong pursuit. In achieving such goal, you should prepare well against any misfortune arising from accident and illness. Refundable Hospital Income Protection Series (The "Plan") provides you with daily hospital income, to protect your health as well as wealth at the same time.

Cash Support for Flexible Use

If the Life Insured admits to the hospital because of Injury or Sickness while the Plan is in force, the Daily Hospital Income will be paid according to the number of Day of Confinement. You can choose the Daily Hospital Income of HKD288, HKD388, HKD488 or HKD688, up to a maximum compensation period of 1,000 days per Disability.

Refundable Premium

The Plan provides premium refund, provided no death claim is made during the Benefit Term, Total Premiums Paid will be fully refunded to you upon Policy Expiry.

Double Compensation for Intensive Care

Double Daily Hospital Income will be provided for confinement in Intensive Care Unit subject to a maximum of 90 days per Disability.

Fixed Premium for your Better Planning

The premium rate will remain unchanged throughout the Premium Payment Term allowing you to have a better plan for your future. Renewal premium is not guaranteed and will be calculated according to the Life Insured's attained age and the premium rates upon renewal.

Simple Application

Application procedure is simple and no medical examination is required.

Refundable Hospital Income Protection

If no death claim has been made during the Benefit Term, Refundable Hospital Income Protection will offer a full premium refund upon Policy Expiry. If no claim has been made during the Benefit Term, 103% of Total Premiums Paid will be refunded to you upon Policy Expiry.

Refundable Hospital Income Protection

Benefit Coverage
Daily Hospital Income
  • HKD388 or HKD688
  • Maximum 1,000 days per Disability
  • Double Daily Hospital Income for confinement in Intensive Care Unit, subject to a maximum of 90 days per Disability
Benefit Term
  • 7 Years
Death Benefit
  • Refund of Total Premiums Paid
  • Plus HKD1,000
Refund of Premium
  • Refund of premium will be according to the claim record upon Policy Expiry:

    Claim Record % of Guaranteed Refund of Total Premiums Paid
    No 103%
    Yes 100%
  • If the Policy is surrendered, the Schedule of Refund as below will be applicable:

    Completed Policy Year
    (from Policy Date or any subsequent renewal date, whichever is later)
    % of Guaranteed Refund of Total Premiums Paid
    1 0%
    2 0%
    3 0%
    4 30%
    5 50%
    6 80%
Premium Table﹝in HKD﹞
Plan Options Class 1 Class 2
Daily Hospital Income 388 688
Age* Monthly Annual Monthly Annual
0-17 549 6,588 960 11,520
18-30 507 6,084 886 10,632
31-35 569 6,828 994 11,928
36-40 584 7,008 1,022 12,264
41-45 815 9,780 1,431 17,172
46-50 948 11,376 1,667 20,004
51-55 1,451 17,412 2,559 30,708
56-60 1,748 20,976 3,086 37,032

* Age means age of the Life Insured at the last birthday

Refundable Hospital Income Protection will be renewed automatically on the Expiry Date. Renewal premium is not guaranteed and will be calculated according to the Life Insured's attained age and the premium rates upon renewal. Renewal is up to aged 67 of the Life Insured.


Refundable Hospital Income Protection - Special Class

By just paying a reasonable premium, you can enjoy a comprehensive Refundable Hospital Income Protection – Special Class.

Benefit Coverage
Daily Hospital Income
  • HKD288 or HKD488
  • Maximum 1,000 days per Disability
  • Double Daily Hospital Income for confinement in Intensive Care Unit, subject to a maximum of 90 days per Disability
Benefit Term
  • 10 Years
Death Benefit
  • Refund of Total Premiums Paid
  • Plus HKD 1,000
Refund of Premium
  • Guaranteed 100% refund of Total Premiums Paid upon Policy Expiry.
  • If the Policy is surrendered, the Schedule of Refund as below will be applicable:
Completed Policy Year % of Guaranteed Refund of Total Premiums Paid
1 0%
2 0%
3 0%
4 0%
5 50%
6 60%
7 70%
8 80%
9 90%
Premium Table﹝in HKD﹞
Plan Options Class 1 Class 2
Daily Hospital Income 288 488
Age* Monthly Annual Monthly Annual
0-17 203 2,436 332 3,984
18-30 199 2,388 325 3,900
31-35 216 2,592 353 4,236
36-40 285 3,420 471 5,652
41-45 355 4,260 589 7,068
46-50 429 5,148 714 8,568
51-55 525 6,300 877 10,524
56-60 744 8,928 1,249 14,988

*Age means age of the Life Insured at the last birthday

  Refundable Hospital Income Protection Refundable Hospital Income Protection - Special Class
Premium Payment Term# 7 Years 10 Years
Issue Age* Aged 0 (15 days after birth) to 60
Policy Currency HKD
Benefit Term 7 Years 10 Years
Guaranteed renewable up to aged 67 of the Life Insured
Premium Payment Mode Annual / Monthly

# The Policy will be terminated if the Policyowner cannot settle the premium payment before the end of the Grace Period during the Premium Payment Term. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life. If the Policy is terminated before the Policy Maturity, the Total Surrender Value (if applicable) received by the Policyowner may be less than the Total Premiums Paid.

*Age means age of the Life Insured at the last birthday.

  1. Hospital confinement for a continuous 24 hours' period will be counted as 1 day. The maximum number of days per Disability is 1,000 days.
  2. If hospital confinement occurs in places other than Hong Kong, Macau, Singapore, Malaysia, Thailand, Japan, North America, Europe, Australia and New Zealand, Daily Hospital Income will be limited to 50%.
  3. Hong Kong Life reserves the right to cancel the Plan at any time by giving 30 days' notice in writing to the Policyowner.

The Plan shall not cover any claims caused directly or indirectly, wholly or partly, by any one of the following occurrences:

  1. any hospitalization or charges incurred as a result of any pre-existing condition or illness the symptoms of which first occurred in the 5 years prior to or within 30 days following the Issue Date, date of endorsement or date of any reinstatement of the Plan, whichever is later;
  2. suicide or self-inflicted injuries while sane or insane;
  3. war whether declared or undeclared or any act thereof, invasion, civil commotion, riots or any warlike operations;
  4. service in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order; or violation or attempted violation of the law or resisting arrest or participation in any brawl or affray;
  5. engaging in or taking part in (a) driving or riding in any kind of race; (b) professional sports; (c) underwater activities involving the use of breathing apparatus; (d) flying or other aerial activity except as a fare-paying passenger in a commercial aircraft;
  6. Injury or Sickness sustained whilst the Life Insured is under the influence of alcohol or drugs and treatment in connection with addiction to drugs or alcohol;
  7. routine physical examinations, health check-ups or tests, rest cure, sanatorium care, vaccinations, immunization injections, preventive medication or any treatment which is not Medically Necessary;
  8. dental treatment or eye examinations, dentures, glasses or hearing aids or the fitting of any thereof, cosmetic surgery or plastic surgery, except and to the extent that any of such treatment is necessary for the cure or alleviation of Injury to the Life Insured;
  9. Human Immunodeficiency Virus (HIV) infection, except and to the extent that such infection occurs through an accidental cut or wound, and/or any HIV-related illness including AIDS and/or any mutations, derivations or variations thereof; venereal diseases, sexually transmitted diseases, infertility, sterilization or psychiatric treatment; mental or nervous diseases or disorder including but not restricted to anorexia nervosa, anxiety, depression, mania, neurosis, paranoid, psychosis and schizophrenia; congenital deformities and anomalies that gives rise to signs or symptoms, or is diagnosed before the Life Insured reaches age 14;
  10. childbirth, pregnancy, miscarriage or abortion;
  11. treatment or surgery for tonsils, adenoids or hernia until the Life Insured has been continuously covered under the Plan for a period of 120 days immediately preceding such treatment or surgery.

Risk

Liquidity Risk / Long Term Commitment

The Plan is designed to be held until the Maturity / Expiry Date. If you terminate the Policy prior to the Maturity / Expiry Date, a loss of the premium paid may be resulted.

The premium of the Plan should be paid in full for the whole payment term. If you discontinue the payment, the Policy may lapse and a loss of the premium paid may be resulted.

Credit Risk of Issuer

The Plan is issued and underwritten by Hong Kong Life. Your Policy is subject to the credit risk of Hong Kong Life. In the worst case, you may lose all the premium paid and benefit amount.

Inflation Risk

When reviewing the values shown in the Insurance Proposal, please note that the cost of living in the future is likely to be higher than it is today due to inflation.

Important Policy Provisions

Automatic Termination

The Plan shall terminate automatically:

  1. upon the death of the Life Insured; or
  2. if and when the Plan expires; or
  3. if and when a premium remains unpaid at the end of the Grace Period as specified in the General Provisions; or
  4. on the Policy Anniversary on or immediately following the Life Insured's sixty-seventh (67th) birthday (applicable to Refundable Hospital Income Protection); or on the Policy Anniversary on or immediately following the Life Insured's seventieth (70th) birthday (applicable to Refundable Hospital Income Protection-Special Class)..

Others

Insurance Costs

The Plan is an insurance plan with a savings element. Part of the premium pays for the insurance and related costs (if any).

Cooling-off Period

If you are not satisfied with your Policy, you have a right to cancel it within the cooling-off period and obtain a refund of any premium(s) and levy(ies) paid (in the original payment currency) to Hong Kong Life without any interest. A written notice signed by you should be received by Hong Kong Life Insurance Limited at 15/F Cosco Tower, 183 Queen's Road Central, Hong Kong within the cooling-off period (that is, 21 days after the delivery of the Policy or issue of the Cooling-off Right Notice (informing you/your representative about the availability of the Policy and Expiry Date of the cooling-off period), whichever is the earlier). After the expiration of the cooling-off period, if you cancel the Policy before the end of the term, the projected Total Surrender Value (if applicable) may be less than the Total Premiums Paid.

Non-Protected Deposit

The Plan is not equivalent to, nor should it be treated as a substitute for, time deposit. The Plan is not a protected deposit and is not protected by the Deposit Protection Scheme in Hong Kong.

Dispute on Selling Process and Product

Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Wing Hang Bank Limited and Shanghai Commercial Bank Limited (collectively "Appointed Insurance Agencies" and each individually "Appointed Insurance Agency") are the Appointed Insurance Agencies of Hong Kong Life, and the insurance product is a product of Hong Kong Life but not the Appointed Insurance Agencies. 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 the Appointed Insurance Agency and the customer out of the selling process or processing of the related transaction, Appointed Insurance Agency is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the life insurance product should be resolved between Hong Kong Life and the customer directly.

The above information is for reference and is applicable within Hong Kong only. For terms and conditions, please refer to the policy document. If there is any conflict between the above information and the policy document, the latter shall prevail. The copy of the policy document is available upon request. Before applying for the insurance plan, you may refer to the contents and terms of the policy document. You may also seek independent and professional advice before making any decision.