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 the "Prestige Reward" Maturity Policy Client Incentive:

1. The "Set Sailing Rewards 2026" Client Incentive, provided by Hong Kong Life Insurance Limited ("Hong Kong Life"), consists of "Prestige Reward" Maturity Policy Client Incentive ("Incentive").
2. The promotion period of the Incentive is from 1 April 2026 to 30 June 2026(both dates inclusive)(the "Promotion Period").
3. 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. The Incentive must be applied at the time of submission of the Application Form.
4. Unless otherwise stated, policies entitled to the Incentive can be enjoyed in conjunction with any Incentives and Promotion under the "Set Sailing Rewards 2026" Client Incentive (if applicable) and/or with "ISM Branch Roadshow Incentive 2026" , and/or use any premium discount voucher, but not with any other incentive(s) which is/are not covered under the "Set Sailing Rewards 2026" Client Incentive. However, only one premium discount voucher could be used for each policy (if applicable).
5. 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.
6. 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 cover any coverage, exclusions, risk disclosure, contents, 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.
7. The Incentive 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. The Hong Kong Courts have exclusive jurisdiction over any dispute arising out of or in connection with these Terms and Conditions.
8. If there is any discrepancy or inconsistency between the English version and the Chinese version of this promotion, the English version shall prevail.
9. Hong Kong Life reserves the right of final decision in case of any dispute.
   
   Specific Terms and Conditions of First Year Premium Discount:
10. Subject to the General Terms and Conditions and the Specific Terms and Conditions herein, clients who fulfill all of the following requirements will be entitled to the corresponding First Year Premium Discount of Basic Plan ("First Year Premium Discount") as shown in the Incentive Table above: (i) with successful applications submitted within the Promotion Period for any specified Eligible Life Insurance Plans; (ii) the Annualized First Year Premium of basic plan being not less than the respective amounts as set out in the Incentive Table above (as the case maybe); (iii) the clients fulfilling the Premium Payment Mode requirement as stated in the Incentive Table; and (iv) the policy being successfully issued.
11. The First Year Premium Discount does not apply to any riders.
12. Annualized First Year Premium of basic plan is counted per policy. 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 in the first policy year.
13. 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 amount of First Year Premium Discount that clients can enjoy.
14. For the Eligible Life Insurance Plan underwritten by Hong Kong Life, the 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.
15. The amount of the First Year Premium Discount will be calculated in the currency under which the Eligible Life Insurance Plan is denominated.
16. For non-HKD policy currencies, the exchange rate below will be applied to determine its equivalent premium or premium discount amount, rounding off to the nearest integer:

    Policy Currency (to 1 unit of the currency)	AUD	CAD	EUR	GBP	NZD	RMB	SGD	USD
    Exchange Rate (HKD)	5	5	8	10	5	1.1111	5	8

    For example: HKD18,000 of Annualized First Year Premium is equivalent to AUD3,600 of Annualized First Year Premium.

17. Clients can pay the net premium (i.e. the premium after deducting the premium discount amount) when they submit the applications for the relevant Eligible Life Insurance Plans.
18. In case of any changes made by clients in the first policy year, which results in the requirements for the First Year Premium Discount not being fulfilled, Hong Kong Life reserves the right to disqualify such client's entitlement to the First Year Premium Discount and such client agrees to reimburse Hong Kong Life for the amount of the First Year Premium Discount already granted to such client upon request
19. The First Year Premium Discount is not applicable to policies withdrawn during the cooling-off period. In such case, clients would receive a refund of the premium(s) (not including the premium discount amount) and levy(ies) paid (both in the original payment currency) to Hong Kong Life, without any interest
20. The First Year Premium Discount is non-transferable and cannot be redeemed for cash and is not applicable to the premium on renewal of existing policy.
    
    

    Specific Terms and Conditions applicable to "Prestige Reward" Maturity Policy Client Incentive:

21. The Incentive is only applicable to the Maturity Policy Clients who fulfill all of the following requirements (the "Clients"):

    2026 Maturity Policy Client

    Clients who own a policy matured in the year of 2026

22. This Incentive cannot be enjoyed in conjunction with other premium discount voucher(s) of Hong Kong Life (except "Hong Kong Life 25 Years With You" Premium Discount).
23. Clients can be entitled to the Incentive once for each policy matured in the year of 2026.
24. Clients can transfer the Incentive to their referred Immediate Family Member, but the Incentive can only be enjoyed once. Immediate Family Members include parents, spouses, children, siblings, grandparents and grandchildren.
25. With successful applications submitted within the Promotion Period for any Eligible Life Insurance Plan(s) as specified in the Incentive Table above, given (i) the First Year Premium of basic plan being not less than the respective amounts as set out in the Incentive Table; (ii) premium paid in an annual payment mode, and (iii) the policy being successfully issued, Clients may enjoy the corresponding First Year Premium Discount of Basic Plan ("First Year Premium Discount") as below.

    Eligible Life Insurance Plans	Client Type			2026 Maturity Policy Client
    	First Year Premium					First Year Premium Discount of Basic Plan
    	HKD	USD/EUR	RMB	AUD/CAD/ NZD/SGD	GBP	HKD	USD/EUR	RMB	AUD/CAD/ NZD/SGD	GBP
    Group 1	120,000 – 249,999	15,000 – 31,249	108,000 – 224,999	24,000 – 49,999	12,000 – 24,999	1,088	136	978	278	108
    	250,000 or above	31,250 or above	225,000 or above	50,000 or above	25,000 or above	2,088	260	1,878	418	208
    Group 2	50,000 - 99,999	6,250 - 12,499	45,000 - 89,999	10,000 - 19,999	5,000 - 9,999	2,588	323	2,328	518	258
    	100,000 - 149,999	12,500 – 18,749	90,000 - 134,999	20,000 - 29,999	10,000 - 14,999	5,088	636	4,578	1,018	508
    	150,000 - 199,999	18,750 – 24,999	135,000 - 179,999	30,000 - 39,999	15,000 - 19,999	7,588	948	6,828	1,518	758
    	200,000 - 299,999	25,000 - 37,499	180,000 - 269,999	40,000 - 59,999	20,000 - 29,999	10,388	1,298	9,348	2,078	1,038
    	300,000 - 399,999	37,500 - 49,999	270,000 - 359,999	60,000 - 79,999	30,000 - 39,999	15,388	1,923	13,848	3,078	1,538
    	400,000 - 499,999	50,000 - 62,499	360,000 - 449,999	80,000 - 99,999	40,000 - 49,999	20,688	2,586	18,618	4,138	2,068
    	500,000 or above	62,500 or above	450,000 or above	100,000 or above	50,000 or above	25,688	3,210	23,118	5,138	2,568

     

     

     

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.

Should you have any enquiry on the Incentive, please call our Customer Services Hotline at 2290 2882.