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Fees and charges summary of Life Insurance Products

Life Insurance Products

For life insurance products, part of the premium pays for the insurance and related costs.

For the single payment of the below insurance plans, if you cancel the policy or partial surrender the policy during the policy term, the balance of single payment will be paid subject to a surrender charge at a rate determined by HSBC Life (International) Limited from time to time. The charge rates below are for reference only. The actual surrender charge rate may be different from the rate shown in the table below.

Lifestyle Wealth Protection Plus

By end of policy year 1 2 3 4 5 6-10
5-year payment term 10% 8% 6% 4% 2% -

WholeLife Protection Plan

By end of policy year 1 2 3 4 5 6-9 10
5-year payment term 10% 8% 6% 4% - - -
10-year payment term 20% 18% 16% 14% 12% 5% -
Other payment term 20% 18% 16% 14% 12% 5% 5%

Target Protection Plus

By end of policy year 1 2 3 4 5 6-10
5-year payment term 10% 8% 6% 4% 2% -

EarlyIncome Annuity Plan

By end of policy year 1 2 3 or after
3-year payment term 6% 4% -

For the below insurance plans, if you cancel the policy during the policy term, the account value can be reduced subject to a surrender charge at a fixed rate determined by HSBC Life (International) Limited.

Goal Access Universal Life Plan (Protection)

During Policy Year Surrender Charge rate
Single premium 5-year premium payment
1 11% 45%
2 10% 20%
3 9% 13%
4 8% 10%
5 6% 6%
6 5% 5%
7 4% 4%
8 3% 3%
9 2% 2%
10 1% 1%
11 and thereafter 0% 0%

Goal Access Universal Life Plan (Education)

During Policy Year Surrender Charge rate
Single premium 5-year premium payment
1 12% 55%
2 11% 22%
3 10% 15%
4 8% 10%
5 6% 6%
6 4% 4%
7 2% 2%
8 1% 1%
9 and thereafter 0% 0%

Note: If you surrender your policy before the end of the policy term, the amount you get back may be less than what you have paid.

For detailed fees and charges information, please refer to the product brochure and policy provisions for respective products.


Fees and charges summary of General Insurance Products

Administration Charges

Re-issuance of China Hospital Deposit Guarantee Card HKD 30
Re-issuance of FirstCare Card HKD 50
Re-issuance of Outpatient Care Card HKD 50
Re-issuance of China Medical Card HKD 50
Re-issuance of FirstCare Body Check Redemption Letter* HKD 100
Fire Insurance Valuation Service** HKD 700

*This letter can be re-printed only after customer's declaration that no redemption was made with the lost letter.
**This fee is charged on a yearly basis when the policy is renewed.

Fire Insurance - Short Period Rate

Upon cancellation of the Policy, the Insurer will charge a Short Period Rate ("Rate") or HKD400, whichever is higher. After deducting such charge, the insurer will then refund the remainder (if any) of premium paid to the policyholder the period during which the Policy has been in force ("Period"). The Rates chargeable for various periods are shown in below table as stated in terms of a percentage of the annual premium.

Period of the Policy has been in force Rate(shown in percentage of annual premium or min. HKD400, whichever is higher)
Exceeding Not exceeding
-- 5 days 2.5% of annual premium
5 days 15 days 5%
15 days 1 month 10%
1 month 45 days 15%
45 days 2 months 20%
2 months 3 months 30%
3 months 4 months 40%
4 months 5 months 50%
5 months 6 months 60%
6 months 7 months 70%
7 months 8 months 80%
8 months 9 months 85%
9 months 10 months 90%
10 months 11 months 95%
11 months -- Full annual premium

Single Trip TravelSurance - minimum extension charge

The minimum additional premium for every period extension# of each policy is HK$30.

#For Single Trip TravelSurance, duration of the period should be no longer than 180 days.

The above charges may be revised from time to time.