HSBC Maxi Protection Term Life Insurance (TEP)

Benefits : Death Benefit (or Funeral Expense Benefit)/ Total Permanent Disability Benefit.

FSC Approval / Use & File Number : 96.09.03 HSBC Life 07001

This product is a non-participating insurance product. It neither participates in policy dividend nor has policy dividend benefit.

Before purchasing the product, customers should read all sales documents carefully.

To fully understand the loading or other related information about the product, please contact our sales representatives, service center (toll-free service hotline: 0800-661311) or visit our website at http://www.hsbcinsurance.com.tw so as to protect your rights.

“HSBC Maxi Protection Term Life Insurance” provides customers with flexible term life protection. The product is simple and affordable. It is suitable for medium/long term family protection plan.

Benefits at a Glance:

High protection with affordable premium
Choice of flexible coverage periods to suit your needs: Any policy term between 10 and 25 years.
Fixed premium payment amount. No surprise to your financial planning.
Guaranteed policy renewal. Expiry age up to age 75. Premium rate is not Guaranteed for the renewal term..
Guaranteed policy conversion to whole life insurance.
Option to add rider for more comprehensive coverage.

Underwriting Rules:

Sum assured amount:
Minimum : NT$1MM
Maximum : NT$ 20MM
Premium payment Period: 10~25 years
Insurance period : Same as premium payment period.
Insuring age : 20-65 years, depending on the insurance term.

Please see details for item 2-4 in table below:

Coverage Period	Issue Age	Coverage Period	Issue Age
10	20~65	18	20~57
11	20~64	19	20~56
12	20~63	20	20~55
13	20~62	21	20~54
14	20~61	22	20~53
15	20~60	23	20~52
16	20~59	24	20~51
17	20~58	25	20~50

HSBC Maxi Protection Term Life Insurance (TEP)
Surrender Value to Accumulative Premium Payable Ratio Premium Payment Period：20 Year
Policy Year	Age 20, Male	Age 35, Male	Age 50, Male	Age 20, Female	Age 35, Female	Age 50, Female
1	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
2	4.36%	15.75%	17.51%	4.40%	14.15%	17.61%
3	5.74%	20.16%	22.60%	5.80%	18.16%	22.74%
4	6.51%	21.76%	24.55%	6.46%	19.75%	24.80%
5	7.02%	22.23%	25.19%	7.15%	20.31%	25.61%
10	7.75%	18.61%	21.69%	8.13%	17.61%	22.66%
15	5.63%	10.85%	13.12	5.32%	10.47%	13.62%
20	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
According to the table above, surrendering the policy during premium paying period is unfavorable to customers.

Important Notice:

This product is a non-participating insurance product. It neither participates in policy dividend nor has policy dividend benefit.
The product is reviewed by qualified signatories of HSBC Insurance that the product complies with general actuarial principles and insurance laws and regulations. To ensure yout rights, based the principle of equity and reciprocity for both insurance company and customers, you should read and understand policy provisions and related documents and select insurance products carefully. The insurance company and its responsible persons are subject to legal responsibility if there is any incompliance with regulations or mis-representation of the product.
Surrendering the policy or discontinuing premium payments may be unfavorable to customers. Please carefully choose insurance products based on your needs.
All detailed rights and obligations of insurance contracts are listed in policy provisions. Customers must read and understand them. Besides, customers should take advantage of the free look period (10 days after receipt of the policy).
Before purchasing the product, customers should read all sales documents carefully. To fully understand the loading or other related information about the product, please contact our sales representatives, service center (toll-free service hotline: 0800-661311) or visit our website at http://www.hsbcinsurance.com.tw so as to protect your rights.
The product is an insurance product and is protected by life Insurance Stabilization Fund. It is not a deposit and not protected by deposit insurance.
The product brochure is for reference only. For product details and changes, please refer to the policy provision, HSBC insurance underwriting, policyholder service and other related administration rules at the time of application.

Products declaration

HSBC cooperate with HIBT to provide regulator authorized insurance products. Insurance products are not saving products. It was protected by Insurance Stabilization Funds, not by Central Deposit Insurance.
The related liability of insurance products was fully taken by insurance company, not by HSBC or HIBT.

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