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Successfully apply for CouponPower Guaranteed Life Insurance Plan with promo code "PROMO1" to enjoy up to 4.14% annualised guaranteed rate of return and up to 390,000 Olive Points reward.
CouponPower Guaranteed Life Insurance Plan ("CouponPower" or "the Plan") provides a stable stream of monthly guaranteed income along with life protection and coverage for 2 common cancer types, helping you and your family maintain a desired quality of life while also supporting your financial goals.
Only 3 simple steps to apply online – Quote > Apply > Payment
Lock in annualised guaranteed rate of return for 10 years regardless of market volatility. Starting from the 2nd Monthiversary of the policy term, you 'll start receiving a monthly cash payout until policy maturity (i.e. 10th Policy Anniversary), ensuring a steady income stream to meet your financial needs. You can receive a guaranteed cash value equal to 100% of total premiums paid at policy maturity regardless of payment of monthly guaranteed payout.
Enjoy annualised guaranteed rate of return up to 4.14%* to help you achieve your saving goal.
*This annualised guaranteed rate of return is subject to payment mode, policy currency and premium discount.
At the end of the 3rd policy year, the sum of monthly guaranteed income you've received and the guaranteed cash value will exceed your total premiums paid.
If the life insured is diagnosed with breast or lung cancer / carcinoma-in-situ by a registered doctor, HSIC will pay the Designated Cancer Benefit in a lump sum, providing immediate financial support for handling necessary medical expenses.
If the life insured passes away in an accident before the 2nd Policy Anniversary, the beneficiary will also receive an Accidental Death Benefit in addition to the Death Benefit.
The above information is intended as a general summary of information for reference only. Please refer to actual policy for the exact terms, conditions and exclusions of the Plan.
The following comparison demonstrate the difference between aggregate premium[4] and annual premium[5]:
(please note that the aggregate premium[4] paid and the total premiums paid illustrated in this table refer to the amount before premium discount)
| Aggregate premium[4] | Annual premium[5] |
|---|---|
| Annual premium amount | |
| HKD200,000 | HKD200,000 |
| Annualised guaranteed rate of return | |
| 3.64% | 3.56% |
| Guaranteed interest rate on prepaid premium | |
| 5.0% | NA |
| Guaranteed breakeven period | |
| 3 years | 3 years |
| Aggregate premium[4] paid (before discount) | Total premiums paid (before discount) |
| HKD390,476.2 (to enjoy guaranteed interest rate of 5.0% p.a. on prepaid premium for 2nd policy year) | HKD400,000 |
| Total amount of monthly guaranteed income | |
| HKD133,015.2 | HKD133,015.2 |
| Guaranteed cash value upon maturity | |
| HKD400,000 | HKD400,000 |
| Total guaranteed return upon maturity | |
| HKD533,015.2 (137% of the aggregate premium[4] paid) | HKD533,015.2 (133% of the total annual premium paid) |
Mrs Wong, 40 years old, has an 8 years old son who is currently studying in primary school. She wants to prepare the future education fund for her son and mitigates her family's financial stress from unexpected life events.
Mrs Wong's Policy
Payment mode
Aggregate premium[4]
Aggregate premium[4] amount (before discount)
HKD390,476.2 (including the prepaid premium which will enjoy a guaranteed interest rate of 5.0% p.a.)
1st Policy Year
Aggregate premium[4] paid (before discount)
HKD390,476.2
Total monthly guaranteed income received
HKD7,001
2nd to 8th Policy Year
Total monthly guaranteed income received
HKD98,011
Mrs Wong is unfortunately diagnosed with lung cancer by a Registered Doctor in the first month of the 9th policy year. Apart from the Total Monthly Guaranteed Income she has received up to the end of the 8th Policy Year, she will receive a lump-sum amount of the Designated Cancer Benefit.
Policy year 9
Lump-sum payout of Designated Cancer Benefit
HKD412,000
Upon the payment of the Designated Cancer Benefit, the Policy is terminated automatically.
Mr Chan, 65 years old, has already retired and received all payouts from his annuity plan. He wants to continue receiving passive income during his retirement life, and therefore chooses "CouponPower".
Mr Chan's Policy
Payment mode
Annual Payment
Annual Premium[5]
HKD200,000
Total premium amount (before discount)
HKD400,000
1st Policy Year
Total premiums paid (before discount)
HKD200,000
Total monthly guaranteed income received
HKD7,001
2nd-10th Policy Year
Total Premiums paid (before discount)
HKD400,000
Total monthly guaranteed income received
HKD126,014
Policy Maturity
The sum of total amount of monthly guaranteed income and guaranteed cash value
HKD533,015.2
Mr Chan can enjoy an annualised rate of return of 3.56% and a guaranteed breakeven period as short as 3 years. He makes use of this retirement saving created from this income to enjoy travelling with his family.
You can pre-pay all required premiums with aggregate premium[4] payment method. The required annual premium will be deducted from the aggregate premium[4] balance on the relevant premium due dates. The remaining aggregate premium balance, after deducting the annual premium[4] on the due dates, will accumulate at a guaranteed interest rate of 5.0% p.a.
If there is a case of death, partial surrender, or full surrender, the aggregate premium[4] balance and accumulated interest (if any) will be payable in addition to the Death Benefit or the surrender value, as applicable. Otherwise, no withdrawals from the balance of aggregate premium and the interest accumulated (if any) are allowed once you have paid the premium.
CouponPower will provide a Monthly Guaranteed Income on any Monthiversary starting from the 2nd Monthiversary of the policy term until policy maturity (i.e. 10th Policy Anniversary).
For the Settlement Currency for receiving Monthly Guaranteed Income, you can only choose HKD for a HKD policy of CouponPower. For USD policy of CouponPower, you may choose HKD or USD as the Settlement Currency for receiving Monthly Guaranteed Income.
As long as you're eligible to apply for CouponPower, regardless of your underwriting history, occupation, health and financial status, you'll enjoy guaranteed acceptance without any requirement for medical examination. Please refer to point (iv) in the "Other point(s) to note" for details.
If the Life Insured, whose Insurance Age upon application is between Age 18 and 70, is diagnosed from the 2nd Policy Anniversary of the policy term or 2 years from the last reinstatement date (whichever is later) by a Registered Doctor with Cancer or Carcinoma-in-situ of Breast or Lung, HSIC will pay the Designated Cancer Benefit in a lump sum to provide immediate financial support for the Policyholder and his/her family to cope with the related medical expenses. The benefit amount will be equal to the higher of 103% of the Total Premiums Paid of the Basic Plan or 100% of the Guaranteed Cash Value, plus the balance of the aggregate premium[4] with interest accumulated (if any), less Indebtedness (if any). Upon payment of the Designated Cancer Benefit, the Policy will automatically terminate. In no event shall HSIC pay both the Death Benefit and Designated Cancer Benefit at the same time under the Policy. Please refer to the policy provisions for details.
If the Life Insured passes away in an accident before the 2nd Policy Anniversary of the policy term after policy inception, in addition to the Death Benefit, the Beneficiary(ies) designated in the Policy will receive an Accidental Death Benefit equal to 10% of the Total Premiums Paid of the Basic Plan up to the date of death of the Life Insured, less Indebtedness (if any). Upon receipt of the Accidental Death Benefit by the Beneficiary(ies), this Policy will be terminated accordingly.
For HKD policy, you can only pay in HKD. For USD policy, you can choose to pay the premium in HKD or USD.
If premiums are paid in USD, we only accept payments from a Hang Seng Bank USD account. If you choose to pay the premium of a USD policy in HKD, we will convert the relevant amount into USD when processing the premium payment, based on the market prevailing exchange rate determined by us.
Please note that this exchange rate is subject to market fluctuations and will directly affect the amount of the premium payment in HKD.
CouponPower Guaranteed Life Insurance Plan can only be applied via online platform.
You can find all the forms and documents here for our insurance products.
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