Please refer to relevant product page of the respective insurance plan for the Appointed Licensed Insurance Agency. Please refer to the policy documents for the full terms and conditions of the Eligible Life Insurance Plan(s), and the product leaflet of Hong Kong Life's life insurance plans for product information. Before applying for any life insurance plan, client should carefully read and understand the contents and terms of the policy documents. Client should also seek independent and professional advice before making any decision.

Clients could share with their referred Immediate Family Members about their own authentic customer experience at Hong Kong Life, but not to encourage, persuade, convince or recommend their referred Immediate Family Members to buy any specific life insurance products offered by Hong Kong Life. Clients are not authorized to act as Hong Kong Life or bank's Insurance Intermediary, and therefore should avoid sharing about any matters relating to specific insurance product or sales activities of insurance products. For such matters, Clients should inquire with relevant bank's Insurance Intermediary (licensed technical representatives) directly. Clients are not authorized to advise, sell, arrange the purchase of life insurance plans or provide any sales support to the referred Immediate Family Members of the said client. The referred Immediate Family Members of the said client should not rely on any information, advice and/or representation provided by the said client in making a purchase decision.

Terms and Conditions of "Power Pro Rewards 2024" Client Promotion Incentive (Extract and applicable to Corporate Clients and Bank VIP)

          General Terms and Conditions:

1.  "Power Pro Rewards 2024" Client Promotion Incentive (Exclusive for Corporate Clients and Bank VIP) (the "Incentive") consists of (i) Single or First Year Premium Discount of Basic Plan of relevant Eligible Life Insurance Plans of Hong Kong Life Insurance Limited ("Hong Kong Life") and (ii) Bank VIP Exclusive Offer.
2. The Incentive is applicable to the following client types and the referred Immediate Family Member (collectively known as the "Clients"):
   

   Client Type	Eligibility
   Corporate Clients	Corporate clients of bank, all corporate staff and their referred Immediate Family Members
   Bank VIP	Designated client type of bank and their referred Immediate Family Members
   Immediate Family Members include parents, spouses, children, siblings, grandparents and grandchildren.

3. The Promotion Period of the Incentive is from 2 January to 29 June 2024 (both dates inclusive) ("the Promotion Period").
4. To be eligible for the Incentive, the application signing date and submission date of the application for any of the Eligible Life Insurance Plans must fall within the Promotion Period.
5. Unless otherwise stated, the Incentive can be enjoyed in conjunction with "ISM Branch Roadshow Incentive 2024", "Special Premium Deposit Account Extra First Year Guaranteed Preferential Interest Rate" Client Promotion, Offshore Client Incentive and use/or "Prestige Reward" Premium Discount Voucher or "Fabulous" Premium Discount Voucher together, but not with any other incentive(s) offered by Hong Kong Life. However, only one premium discount voucher could be used for each policy.
6. Clients could share with their referred Immediate Family Members about their own authentic customer experience at Hong Kong Life, but not to encourage, persuade, convince or recommend their referred Immediate Family Members to buy any specific life insurance products offered by Hong Kong Life. Clients are not authorized to act as Hong Kong Life or bank's Insurance Intermediary, and therefore should avoid sharing about any matters relating to specific insurance product or sales activities of insurance products. For such matters, Clients should inquire with relevant bank's Insurance Intermediary (licensed technical representatives) directly. Clients are not authorized to advise, sell, arrange the purchase of life insurance plans or provide any sales support to the referred Immediate Family Members of the said client. The referred Immediate Family Members of the said client should not rely on any information, advice and/or representation provided by the said client in making a purchase decision.
7. Hong Kong Life reserves the right to change or terminate the Incentive and amend any terms and conditions of the Incentive at any time without giving prior notice to Clients or reason therefor. For the avoidance of doubt, the Incentive applicable to the eligible policy issued prior to such variation, suspension or termination of the Incentive will remain unaffected.
8. Clients should refer to the Product Section of Hong Kong Life website, the policy, proposal, product leaflet and any other relevant documents of Hong Kong Life's life insurance plans for relevant product information, contents, terms and conditions. This promotion describes the details of the Incentive only; it does not refer to any coverage, exclusions, risk disclosure, contents nor terms and conditions of the Eligible Life Insurance Plan(s). Clients should read, fully understand and accept the coverage, exclusions, risk disclosure, contents, terms and conditions of the policies and proposals before applying for any Eligible Life Insurance Plan(s) inclusive of the Incentive.
9. This Incentive and its relevant terms and conditions are applicable within the Hong Kong Special Administrative Region only and governed by the law of Hong Kong.
10. If there is any discrepancy or inconsistency between the English version and the Chinese version of this promotion, the English version shall prevail.
11. Hong Kong Life reserves the right of final decision in case of any dispute.
    
    Specific Terms and Conditions of Single or First Year Premium Discount Incentive:
12. Subject to the General Terms and Conditions and these Specific Terms and Conditions herein, Clients who fulfill all of the following requirements will be entitled to the Single or First Year Premium Discount of Basic Plan of the Eligible Life Insurance Plans as shown in the Incentive Table: (i) the Annualized First Year Premium of Basic Plan being not less than the respective amounts as set out in the Incentive Table (as the case maybe); (ii) fulfill the Eligibility and Terms and Conditions of the incentive program as set out in clause 23 to clause 24 hereof and (iii) the policy being successfully issued. Immediate Family Members include parents, spouses, children, siblings, grandparents and grandchildren. The number of referral is unlimited.
13. Relevant client or the referred Immediate Family Member must fill in relevant part(s) in the "Hong Kong Life Client Incentive Declaration Form" (if applicable) and submit it together with the application of any of the Eligible Life Insurance Plans.
14. The Single or First Year Premium Discount is applicable to the premium of the Basic Plan of the Eligible Life Insurance Plan only and does not apply to any riders thereof.
15. Single and Annualized First Year Premium of Basic Plan are counted per policy and do not include any riders. Annualized First Year Premium is the total amount of first year premium to be paid in respect of the Basic Plan of the Eligible Life Insurance Plan. If the premium of the selected plan is paid on a monthly basis, assuming the monthly premium is HKD10,000, the Annualized First Year Premium will be HKD120,000 (HKD10,000 x 12 months).
16. If the Annualized First Year Premium is not an integer, such figure will be rounded off to the nearest integer for the purpose of calculating the First Year Premium Discount on the Basic Plan of the Incentive that Clients can enjoy.
17. For the Eligible Life Insurance Plan underwritten by Hong Kong Life, the Single or Annualized First Year Premium must meet the prescribed minimum or maximum amount of the respective insurance plan. For details of the premium, please refer to the relevant policy documents.
18. The amount of the Single or First Year Premium Discount will be calculated in the currency under which the Eligible Life Insurance Plan is denominated.
19. Clients can pay the net initial premium (premium after deducting the premium discount amount) when they submit the applications. If the premium of the Eligible Life Insurance Plan is paid on a non-single premium or non-annual payment mode (i.e. monthly, quarterly or semi-annual payment mode), the premium discount amount will be counted per modal premium in the first policy year. In addition, if the premium is paid on monthly payment mode, clients are required to pay the net premium of the first two months in one-go upon application submission, and pay the net premiums for the remaining ten months of the first policy year on a monthly basis. The premium discount amount would not be applied subsequently and client is required to pay the gross premiums each month.
20. In case of any conversion of any Eligible Life Insurance Plans to non-Eligible Life Insurance Plans, changes made to the amount of Principal Amount/Sum Assured (if applicable) or any changes made by Clients in the first policy year, which results in the premium discount of the Incentive being lower than the discount before the conversion or the relevant Incentive requirement being no longer applicable, Hong Kong Life reserves the right to disqualify such client's entitlement to the Incentive and to seek compensation for the amount of the Incentive already granted to such client.
21. The Single or First Year Premium Discount is not applicable to policies withdrawn during the cooling-off period. In such case, Clients would receive a refund of any premium(s) (net premium after deduction of premium discount amount) and levy(ies) paid (both in the original payment currency) to Hong Kong Life, without any interest.
22. The Single or First Year Premium Discount is non-transferable and cannot be redeemed for cash and the Incentive is not applicable to the premium on renewal of the existing policy. The premium discount amount can only be used for paying the premium of Eligible Life Insurance Plan in the Incentive Table.
    
    Specific Terms and Conditions of the Incentive applicable to Corporate Clients:
23. The details and eligibility of Incentive applicable to Corporate Clients include:
    

    Eligibility	All corporate staff and their referred Immediate Family Members	Corporate as Policyowner
    Policy Ownership	Policy must be owned by individual	Policy must be owned by corporate

24. To be eligible for the Single or First Year Premium Discount, corporate staff or their referred Immediate Family Members must complete relevant section in the "Hong Kong Life Client Incentive Declaration Form" and submit it together with the application for any of the Eligible Life Insurance Plans.
    
    Specific Terms and Conditions of Bank VIP Exclusive Offer:
25. Subject to the General Terms and Conditions and these Specific Terms and Conditions herein, Bank VIP who submit an application for any specified Eligible Life Insurance Plan(s) in Incentive Table (I) within the Promotion Period and fulfill the requirement on Annualized First Year Premium, and given the policy being successfully issued, will be entitled to one of the complimentary health services (the "Service") as listed in Incentive Table (II).
    
    
26. If the Bank VIP submits more than one application for the Eligible Life Insurance Plan with the same life insured, only the policy of the Eligible Insurance Plan with the earliest issue date would be entitled to the Service once.
27. An eligible policy, which is entitled to the complimentary health service through the "Offshore Client Incentive", cannot be entitled to the Service repeatedly. Every eligible policy can only be entitled to the Service once.
28. To be entitled to the Service, all eligible policies must be issued by 31 July 2024.
29. In case of any conversion of basic plan of any Eligible Life Insurance Plan(s) to non-Eligible Life Insurance Plan(s) to other life insurance plan(s), changes made to the amount of Principal Amount/Sum Assured (if applicable) or any changes made by the Bank VIP in the first policy year, which results in the non-fulfillment of the requirements of the Service, Hong Kong Life reserves the right to disqualify such Bank VIP's entitlement to the Service and seek redress for the Service granted to such Bank VIP.
30. The Service includes Health Check-up, Chinese medicine service and Vaccination Service provided by Quality HealthCare Medical Services Limited (the "Service Provider"). Relevant redemption details of the Service can be referred to the redemption letter which will be issued with the policy document after the policy being successfully issued. The redemption letter would not be re-issued if lost, stolen or damaged.
31. The redemption letter is transferable. In any event, the redemption letter cannot be used as cash, redeemed for cash or other services or gifts.
32. The original redemption letter must be presented at the time of redemption of the Service for verification purpose and the Service must be redeemed at the specific location and within the redemption period. Unused redemption letter after the redemption period will be void.
33. The Service is not part of the product features of the Eligible Life Insurance Plan.
34. The Service Provider reserves the right to change, suspend, cancel or terminate the Service at any time without prior notice. If the Service is changed, suspended, cancelled or terminated for any reason(s), Hong Kong Life shall have the full and absolute right to replace it with alternative services or gifts without giving prior notice to clients.
35. The Service is provided by the Service Provider. Hong Kong Life and its Appointed Licensed Insurance Agencies are not the Service Provider of the Service. Hong Kong Life and its Appointed Licensed Insurance Agencies give no representation, warranty and guarantee of whatsoever nature (whether express or implied) to any person on or in connection with the Service and shall have no liability relating to any aspect of the Service, including but not limited to service quality or test results or consultation service provided by the Service Provider and/or collection and use of the Service user's personal data by the Service Provider. Should there be any dispute or complaint or claim (if any) with regards to the Service, clients should make such demand or complaint or claim directly to the Service Provider.
36. Hong Kong Life and its Appointed Licensed Insurance Agencies will have no legal liability or responsibility for any loss or damage including but not limited to property damage or personal injury, howsoever directly or indirectly arising from or in respect of any use of the Service.

Dispute on Selling Process and Product

Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Bank (Hong Kong) Limited and Shanghai Commercial Bank Limited (collectively "Appointed Licensed Insurance Agencies" and each individually "Appointed Licensed Insurance Agency") are the Appointed Licensed Insurance Agency of Hong Kong Life, and the life insurance product is a product of Hong Kong Life but not the Appointed Licensed Insurance Agency. 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 Licensed Insurance Agency and the customer out of the selling process or processing of the related transaction, Appointed Licensed 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.

For enquiry about the Life Insurance Plan, please call our Customer Services Hotline at 2290 2882.