Protected. Annuity Insurance (Participating) HSBC Hong Xi Nian Nian - Type B

Transcription

1 This is a participating insurance product. The policy dividends are not promised. Protected Annuity Insurance (Participating) HSBC Hong Xi Nian Nian - Type B DAE-145

2 Good Planning From Your Loving Heart As a successful parent in career and family life, you would like your kids to excel in life, too. As a nurturing parent, you will expect your kids to perform well in school, eventually establish a good career and a prosperous family. A lot of work goes into assisting your kids journey to a successful life. Your responsibilities would not only be caring for their necessities, but also well prepare them with your wealth for their education, career and family. HSBC Hong Xi Nian Nian Annuity Insurance (Participating) Type B offers your kids a stable financial protection plan to support their aspiration for a higher education, entrepreneurship, starting a family or buying their own home. This plan ensures your kids will be taken care of throughout their growth and development. We recognise that insurance is as much about your feelings as your finances and possessions.

3 Benefits at a glance Annually Paid Annuity Since the first Annuity Payment Date you agreed with us, we will annually pay the Insured with the Regular Annuity amount until the policy term expires. The amount of the first year Annuity is equivalent to the Basic Sum Insured. When the Policy Term expires, other than the Regular Annuity Payment there will be an additional Final Annuity. This additional amount is equivalent to 2 times the Basic Sum Insured. Then, the policy is terminated. Incremental Annuity Payments to Offset Inflation The Regular Annuity amount will increase every year. The annual incremental amount is equal to 5% of Basic Sum Insured for your planning to ease impacts from inflation. Payment of Annual Dividend We could pay annual dividends to allow you to share in the business results of the company until the policy maturity date. You can choose the following flexible options: 1 Retain the dividends in your account and enjoy the accumulated interest 2 Use your dividends to pay the premium While the policy is in force, you may request us to pay you the accumulated dividends retained in this company; otherwise, they will be paid when the policy is terminated. Note: The Policy dividends are not promised. Life Protection for the Rainy Days If the Insured is deceased, we will pay Death Benefit to the Death Benefit Beneficiary at an amount equivalent to the cash value or the total paid premium, whichever is higher. Then, the policy is terminated. Flexible Cash Value Options We also provide you with a choice of multiple options to handle the cash value so you can flexibly manage your cash value. 1 Reduce the sum insured (cash out the corresponding part of the cash value) 2 As pledge for an automatic premium loan 3 when you are too busy to arrange a 4 specific premium payment As pledge for a policy loan To purchase a reduced paid-up amount (use the cash value to fully pay up a reduced sum insured subject to minimum sum insured)

4 Simple application process Simple application process Step 1 Decide the amount of coverage, the annuity payment age and the annuity payment period you require based on your financial needs of kid s growth Step 2 Choose the premium payment period that best suits your needs and your risk appetite Step 3 Choose the premium payment method that best suits you, either annually or monthly Application Rules HSBC Hong Xi Nian Nian Annuity Insurance (Participating) Type B Application Rules are as follows Annuity Payment Age Annuity Payment Period Premium Payment Period Age 18 After Premium Paid-up 1 years after the policy is in force To age years, 2 years 1 years Single, 3 years, 5 years, 1 years 3 years, 5 years, 1 years Single, 3 years, 5 years Issue age: 3 days to age 17

5 Example Case Mr. Feng, aged 35, works as a Manager in a multinational company. Mr. Feng wishes to start planning for his 3-month-old son s future. Therefore, he chose HSBC Hong Xi Nian Nian Annuity Insurance (Participating) Type B with a Basic Sum Insured of RMB1,. The Annuity Payment Age is age 18; Annuity Payment Period is 18 to 25 years old. Premium Payment Period will be 3 years, therefore, his annual payment of premium will be RMB273,8. The benefits are: 1.Education Annuity When Mr. Feng s son is 18 years old, we will provide the First Annuity Payment of RMB1,; Then the Regular Annuity Payment amount will increase by RMB5, per year. From age 18 to 25, the total annuities for Mr. Feng will reach RMB94,, which will support Mr. Feng s son on higher education. 2.Funds for Enterprise Start-Up When Mr. Feng s son is 25 years old, we will provide an additional final annuity of RMB2,, which will support Mr. Feng s son on enterprise start-up. The total annuities in 8 years will reach RMB1,14,, which will support Mr.Feng s son on higher education, enterprise start-up. 3.Annual Dividends Assuming each annual dividend is retained in this company for interest accumulation and is illustrated at a medium return level, when Mr. Feng s son reaches age 25, the accumulated dividends would have reached RMB433,788, which will support Mr. Feng s son in starting a family. 4.Life protection If Mr. Feng s son is deceased before age 25 when the policy is in force, we will pay the Death Benefit Beneficiary with death benefit up to RMB958,97. In line with the above example, below graph is illustrated at a medium return level. Death Benefit Accumulated Dividends When Mr.Feng's son reaches age 25, we will provide Final Annuity of RMB2, Regular Annuity Final Annuity When Mr.Feng's son is 18 to 25 years old, the total annuities payment will reach RMB94, 2, 1, When Mr.Feng's son reaches age 18, the first annuity payment will be RMB1, The Regular Annuity increases by RMB5, per year

6 Example Note: The accumulated dividends in the above cases are illustrated at a medium return level; they are purely descriptive and shall not be interpreted as actual performance. The illustration is based on the company's actuarial and other assumptions, and does not represent the company's historical performance nor a forecast on the future investment return. The policy dividends are not promised. In line with the above example, we also provide detailed benefit illustration table at a low, medium and high return level respectively. Current Policy Year Accumulated Year Age Premium Premium Payment Payment Cash Value Current Year Annuity Death Benefit Current Year Dividend Accumulated Dividends Low Mid High Low Mid High ,8 273,8 138,34 273,8 1,99 3,296 5,494 1,99 3,296 5, ,8 547,6 316,5 547,6 2,443 7,329 12,216 3,575 1,724 17, ,8 821,4 514,2 821,4 3,818 11,453 19,89 7,5 22,499 37, ,4 535,93 821,4 3,93 11,71 19,517 11,628 34,884 58, ,4 558,61 821,4 3,991 11,973 19,956 15,968 47,93 79, ,4 582,27 821,4 4,81 12,243 2,44 2,528 61,583 12, ,4 66,94 821,4 4,173 12,518 2,863 25,317 75, , ,4 632,67 821,4 4,266 12,799 21,332 3,342 91,26 151, ,4 659,51 821,4 4,362 13,87 21,812 35,615 16, , ,4 687,49 821,4 4,461 13,382 22,33 41, ,431 25, ,4 846,42 846,42 4,986 14,959 24,931 72, , , ,4 919,88 919,88 5,214 15,641 26,68 87,96 263, , ,4 858,97 1, 958,97 5,331 15,993 26,655 95, , , ,4 714,5 11, 824,5 4,486 13,458 22, , , , ,4 535,97 12, 821,4 3,496 1,487 17, , ,22 628, ,4 321,7 13, 821,4 2,353 7,59 11, , , , ,4 335, 821,4 1,722 5,166 8,61 144, , ,982 Notes: 1 The column of Current Year Annuity includes current year Regular Annuity and Final Annuity (if applicable). 2 The accumulated dividends in the above cases are illustrated at a low, medium and high return level respectively, they are purely descriptive and shall not be interpreted as actual performance. The illustration is based on the company's actuarial and other assumptions, and does not represent the company's historical performance nor a forecast on the future investment return. The policy dividends are not promised. 3 The insurance benefits, dividends and cash values listed above are the figures calculated at policy year end. The cash values do not include Regular Annuity or Final Annuity at policy year end.

7 Insuring Your Emotion When you buy insurance, whether as an individual or as a business, you re really buying a peace of mind. Whether you seek to protect physical assets or ensure business continuity, insurance allows you to take control of the uncertainties of life and make your money work harder for you. HSBC Life is committed to providing you with the peace of mind through comprehensive financial protection solutions. Our caring services help you protect what matters most. Our abundant global resources and deep understanding of local customers allow us to work with our customers to truly meet their need for high-quality insurance products and services. Whether you wish to build up your wealth or to circumvent potential risks, to protect life and health, to plan for your children s education, or simply to enjoy retirement, HSBC Life is always by your side.

8 HSBC Life Insurance Company Limited offers comprehensive and professional protection solutions and service to both individual and corporate customers. HSBC Life Insurance is a customers-focused company, dedicated to developing and providing innovative and unique products based on our understanding of the market and the needs of our customers. We recognise that insurance is as much about your feelings as finances and possessions. Notes 1. If for any reason you are not happy with the plan, you can cancel your policy within the cooling-off period (15 days from the date of signing receipt of the policy). Upon cancellation, you will receive a full refund of all paid premiums. 2. This product introduction is for reference only. For detailed clauses, please refer to the policy contract which shall prevail in case of discrepancy. 3. In the event of differences arising between the Chinese version and the English version of this product introduction, the Chinese version shall prevail. HSBC Life Insurance Company Limited is committed to environmental protection HSBC Life Insurance Company Limited Contact address: 18/F HSBC Building, Shanghai ifc, 8 Century Avenue, Pudong, Shanghai, 212, China Tel: (86 21) Fax: (86 21) Website: Dedicated insurance hotline: HSBC Life Insurance Company Limited Beijing Branch Contact address: Unit 112, 11/F, Tower A of Beijing IFC, No.8 Jianguomenwai Avenue, Chaoyang District, Beijing, 122, China Tel: (86 1) 5986 Fax: (86 1) Issued by HSBC Life Insurance Company Limited S/N: INSH-CMKTG-1455