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    FamilyPower Multi-Currency Life Insurance Plan

    Plan overview

    FamilyPower Multi-Currency Life Insurance Plan ("FamilyPower") offers an array of Policy Currency options, including USD, RMB, HKD, GBP, CAD, AUD, EUR and NZD and 3 choices of payment terms. This plan also offers flexible options such as currency switch, policy split, regular withdrawal and policy value management, no matter where they are in the world, you can manage your assets for potential growth and plan better for your wealth succession without worries.

    Visit our branch to learn more about this plan and save time on comparing various plans.

    Key features

    As you go through different life stages, your needs will change. This plan offers the flexibility to switch between currencies to meet your financial needs and benefit from long-term wealth growth opportunities:

    • starting from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), you have the flexibility to convert your Policy Currency to a different available currency, whenever you wish and up to a maximum of 3 times per Policy Year

    Whether you want to rearrange your assets or build your legacy, you can make use of the Policy Split Option for wealth succession planning:

    • starting from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), you can split your Policy into up to 3 policies at any time. You can also exercise the Policy Split Option and Currency Switch Option at the same time to reach your financial targets

    To realise your life goals, you can withdraw cash value from your Policy every month or every year starting from the 5th Policy Anniversary or after the Payment Cessation Date (whichever is later), to meet your funding needs, such as:

    • paying for expenses during retirement
    • settling your children’s tuition fees

    This plan can help you plan ahead for wealth succession, to protect and maintain the quality of life for your beloved family:

    • as long as the Policy remains in force, the Policyholder can seamlessly transfer the Policy from one generation to another by splitting policies in different currencies, designating a Contingent Owner, an Interim Policyholder, a Contingent Insured, and making unlimited times of Change of Life Insured to ensure a smooth transition

    While the Policy is in force and starting from the 5th Policy Anniversary, the Policyholder has the right to:

    • exercise the Policy Value Management Option, to lock-in a portion of Guaranteed Cash Value and non-guaranteed Special Dividend (if any) which mitigate the impact of fluctuations in investment market; and
    • withdraw Policy Value Management Balance under the Policy anytime, increasing the liquidity and flexibility of capital to fulfil the personal and family needs
    • An extended Family Mental Care Benefit covers mental incapacity or Severe Dementia
    • Free Accidental Death Benefit, in addition to the Death Benefit, provides extra financial support for the loved ones

    Make a claim

    Claim procedures

    Check out the procedures, required documents and FAQs.

    Learn more

    Claim form

    Find all the forms and documents.

    Download

    Useful Information

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    (852) 2596 6262

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    Footnote

    Other point(s) to note

    1. FamilyPower Multi-Currency Life Insurance Plan ("the Plan") is underwritten by Hang Seng Insurance Company Limited ("Hang Seng Insurance"), which is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank Limited ("Hang Seng Bank") is an insurance agent authorised by Hang Seng Insurance and the product is a product of Hang Seng Insurance, not Hang Seng Bank.
    2. 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 Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance and you directly.
    3. The above information is intended as a general summary of information only. Please refer to the actual policy for the exact terms, conditions and exclusions of the Plan.
    4. You understand that the Plan is underwritten by Hang Seng Insurance. You have to pay premium to Hang Seng Insurance for your application for the Plan. The premium includes various fees and charges such as insurance cost (e.g. cost of death benefit determined formulated according to the mortality rate that is affected by sex and age of the insured person) and policy administration charges, etc. You also understand that Hang Seng Insurance will pay commissions and sales incentives to Hang Seng Bank for marketing the Plan. The current remuneration system that Hang Seng Bank adopts is a measurement of the staff’s overall performance instead of focusing on sales production only.
    5. Please refer to the Product Brochure for detailed terms and conditions and exclusions. And please refer to the Notes on Participating Policy for details of dividend philosophy, investment strategy and historical fulfilment ratio of dividend distribution.