Please refer to relevant product page of the respective insurance plan for the Appointed Licensed Insurance Agency. Please refer to the policy document 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 and risk disclosure. Before applying for any life insurance plan, client should carefully read and understand the contents and terms of the policy document. Client should also seek independent and professional advice before making any decision.

Terms and Conditions of "Special Premium Deposit Account Extra First Year Guaranteed Interest Rate" Client Promotion (the "Promotion"):

          General Terms & Conditions:

1. The "Rewards with Ease 2025" Client Incentive, provided by Hong Kong Life Insurance Limited ("Hong Kong Life"), consists of "Special Premium Deposit Account Extra First Year Guaranteed Interest Rate" Client Promotion (the "Promotion").

2. The promotion period is from 1 April to 30 June 2025 (both dates inclusive) (the "Promotion Period").

3. Unless otherwise stated, the Incentive can be enjoyed in conjunction with Wealth Accelerator Multi Currency Plan Client Incentive, "Rewards for Two" Client Incentive, "Prestige Reward" Maturity Policy Client Incentive, Offshore Client Incentive, Complimentary Health Service, "ISM Branch Roadshow Incentive 2025" (if applicable), and/or use any premium discount voucher, but not with any other incentive(s) which is/are not covered under the "Rewards with Ease 2025" Client Incentive. However, only one premium discount voucher could be used for each policy (if applicable).

4. To be eligible for the Extra First Year Guaranteed Interest Rate and the Non-Guaranteed Interest Rate (Basic) on the Total Net Prepaid Premium deposited in the Special Premium Deposit Account ("SPDA"), the application for any Eligible Life Insurance Plan(s) of Hong Kong Life must be signed and submitted by clients within the Promotion Period with payment of the first year premium and the required total amount of prepaid net premium of the basic plan of the Eligible Life Insurance Plan throughout the premium payment term (excluding first year annual premium) ("Total Net Prepaid Premium") made at the time of application in annual payment mode, as well as the policy in relation to the said application being successfully issued subsequently.

5. The Total Net Prepaid Premium must be paid together with the initial premium and levy (if any).

6. Client must submit the SPDA Application Form at the time of application of the Eligible Life Insurance Plan.

7.  Any prepaid levy in SPDA is not subject to any interest. If there are any changes on the amount of the levy to be collected by the Insurance Authority due to any legal or regulatory changes or for any other reasons, Hong Kong Life will refund the excess amount of the prepaid levy or recover any outstanding amount from the policyowner (as the case may be).

8. The Promotion is not applicable to policies withdrawn during the cooling-off period. In such case, clients would receive a refund of the first year premium, Total Net Prepaid Premium and levy(ies) paid (in the original payment currency) to Hong Kong Life, without any interest.

9. The Promotion cannot be redeemed for cash or exchanged for other gifts. Unless otherwise stated, the Promotion is not applicable to any policy conversions.

10. Unless otherwise stated, the Promotion can be enjoyed in conjunction with other incentive(s) of Hong Kong Life.

11. The Extra First Year Guaranteed Interest Rate and Non-Guaranteed Interest Rate (Basic) are subject to the SPDA Operation Rules. Please refer to the Operation Rules stipulated in the SPDA Application Form for further details.

12. 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 not be affected.

13. Client 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 page describes the details of the Promotion only; it does not cover any coverage, exclusions, risk disclosure, contents, terms and conditions of the Eligible Life Insurance Plan(s). Client 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 Promotion.

14. The Promotion and its relevant terms and conditions are applicable within the Hong Kong Special Administrative Region ("Hong Kong") only and governed by the laws of Hong Kong.

15. If there is any discrepancy or inconsistency between the English version and the Chinese version of this promotional page, the English version shall prevail.

16. Hong Kong Life reserves the right of final decision in case of any dispute.
    
    Specific Terms and Conditions of Extra First Year Guaranteed Interest Rate of the Promotion:

17. Subject to the General Terms and Conditions and the Specific Terms and Conditions herein, clients will be entitled to the Extra First Year Guaranteed Interest Rate for the Total Net Prepaid Premium of the basic plan of the Eligible Life Insurance Plan which is deposited in the Special Premium Deposit Account in the first policy year. 

18. The Extra First Year Guaranteed Interest Rate does not apply to the first year premium. The Extra First Year Guaranteed Interest is calculated at the Extra First Year Guaranteed Interest Rate from the date of deposit.

19. In case of any changes made by the clients in the first policy year, which results in the requirement for the Promotion not being fulfilled, Hong Kong Life reserves the right to disqualify such client's entitlement to the Extra First Year Guaranteed Interest Rate.

20. The Extra First Year Guaranteed Interest will be distributed after the end of the premium payment term and withdrawal of such interest is only allowed thereafter. Any withdrawal must be made in full or be subject to a minimum withdrawal amount of HKD 5,000 or equivalent.

21. If Policyowner applies for exercising the Policy Split Option and such application is accepted and approved by Hong Kong Life, the Extra First Year Guaranteed Interest will be distributed into the SPDA of the Split Policy(ies) according to the designated portion.

22. If partial surrender, policy surrender, withdrawal of the amount from SPDA or change of policy currency (if applicable) is made by the client on or before the end of premium payment term, such client will no longer be entitled to the Extra First Year Guaranteed Interest which, will be forfeited completely. In such case, the balance in the SPDA will be entitled to the prevailing Non-Guaranteed Interest Rate (Basic) of SPDA only.

23. For policy termination due to the death of the Life Insured on or before the end of the premium payment term, given there is no arrangement of "Designation of Contingent Life Insured" for the policy of the Eligible Life Insurance Plan, the Extra First Year Guaranteed Interest will be calculated from the date of deposit up to the date of the death of the Life Insured and fully paid to the Beneficiary.

24. If, according to the clause of "Designation of Contingent Life Insured", Contingent Life Insured(s) is/are designated without allocating the Principal Amount of the policy of the Eligible Life Insurance Plan, and the actual change of the Life Insured for such policy is approved by Hong Kong Life (if applicable), the Extra First Year Guaranteed Interest will be retained in the SPDA of the original policy.

25. If, according to the clause of "Designation of Contingent Life Insured", Contingent Life Insured(s) is/are designated with allocation of the Principal Amount of the policy of the Eligible Life Insurance Plan, and the actual change of the Life Insured for such policy is approved by Hong Kong Life (if applicable), the Extra First Year Guaranteed Interest calculated from the date of deposit to the date of the death of the original Life Insured will be distributed into the SPDA of the designated policy(ies) according to the designated portion (if applicable). In case the Policyowner has not allocated all of the Principal Amount to the designated Contingent Life Insured, the remaining portion of the Extra First Year Guaranteed Interest calculated from the date of deposit to the date of the death of the original Life Insured will be paid to the Beneficiary (if applicable).

26. If Policyowner surrenders after the end of premium payment term, the Extra First Year Guaranteed Interest will be paid to the Policyowner.

    Specific Terms and Conditions of Non-Guaranteed Interest Rate (Basic) of the Promotion:

27. Subject to the General Terms and Conditions and the Specific Terms and Conditions herein, the balance in the SPDA will accumulate at the Non-Guaranteed Interest Rate (Basic). Interest is calculated based on annual compound interest rate from the date of deposit and compounds on each policy anniversary and is credited to the SPDA. The Interest rate is not guaranteed and is determined from time to time at Hong Kong Life's discretion and can be adjusted without notice.

28. Any withdrawal must be made in full or be subject to a minimum withdrawal amount of HKD 5,000 or equivalent. If the balance in the SPDA is less than the minimum withdrawal amount, withdrawal must be for the full amount.

29. If Policyowner applies for exercising the Policy Split Option and such application is accepted and approved by Hong Kong Life, the Total Net Prepaid Premium, the Non-Guaranteed Interest (Basic) and prepaid levy (if any) will be distributed into the SPDA of the Split Policy(ies) according to the designated portion.

30. For policy termination due to the death of the Life Insured, given there is no arrangement of "Designation of Contingent Life Insured" for the policy of the Eligible Life Insurance Plan, the Total Net Prepaid Premium, Non-Guaranteed Interest (Basic) and prepaid levy (if any) will be fully paid to the Beneficiary.

31. If, according to the clause of "Designation of Contingent Life Insured", Contingent Life Insured(s) is/are designated without allocating the Principal Amount of the policy of Eligible Life Insurance Plan and the actual change of the Life Insured for such policy is approved by Hong Kong Life (if applicable), the Total Net Prepaid Premium, the Non-Guaranteed Interest (Basic) and prepaid levy (if any) will be retained in the SPDA of the original policy.

32. If, according to the clause of "Designation of Contingent Life Insured", Contingent Life Insured(s) is/are designated with allocation of the Principal Amount of the policy of Eligible Life Insurance Plan, and the actual change of the Life Insured for such policy is approved by Hong Kong Life (if applicable), the Total Net Prepaid Premium, the Non-Guaranteed Interest (Basic) and prepaid levy (if any) calculated from the date of deposit to the date of the death of the original Life Insured will be distributed into the SPDA of the designated policy(ies) according to the designated portion (if applicable). In case the Policyowner has not allocated all of the Principal Amount to the designated Contingent Life Insured, the remaining portion of the Total Net Prepaid Premium, the Non-Guaranteed Interest (Basic) and prepaid levy (if any) calculated from the date of deposit to the date of the death of the original Life Insured will be paid to the Beneficiary (if applicable).

33. If Policyowner surrenders, the Total Net Prepaid Premium, the Non-Guaranteed Interest (Basic) and prepaid levy (if any) will be paid to the Policyowner.

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 Incentive, please call our Customer Services Hotline at 2290 2882.