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HSBC Refund of Premium Daily Hospital Cash Indemnity Insurance (RHC)
HSBC Refund of Premium Daily Hospital Cash Indemnity Insurance (RHC)
HSBC Refund of Premium Daily Hospital Cash Indemnity Insurance (RHC)
Benefits : Death Benefit (or Funeral Expense Benefit) / Total Permanent Disability Benefit, Hospital Confinement Daily Indemnity, Intensive-Care Unit / Burn Unit Daily Indemnity, Maturity Benefit
FSC Approval / Use & File Number : 97.04.02 HSBC Life 08006
HSBC Insurance - Terminal Illness Protection (Inclusive Advanced Benefit)
Benefit : Terminal illness policy proceed
FSC Approval / Use & File Number : 97.04.02 HSBC Life 08008
This is a non-participating insurance product, dividend payments are not available.
Please review all sales documents cautiously before purchasing the product.
To further understand more product information, you may also contact our customer service center (toll-free hotline: 0800-66-1311) or visit the information disclosure section in our website at http://www.hsbcinsurance.com.tw.
There will be a 30-day waiting period for this product with effect from the policy effective date.
Hospitalization is usually unexpected and may impact on an individual’s financial burden and life quality. Refund of Premium Daily Hospital Cash Indemnity Insurance is a product that can provide an immediate financial support in the event of hospitalization, on top of the National Health Insurance. Its refundable premium feature can also be part of the financial plan because the policyholder can receive a full refund of total premium paid upon policy maturity.
The product is simple. For those who want to have a protection on hospitalization and have a refund of premium feature, this product will be a great.
Essentials：
- Up to 105% of total premium refund upon policy maturity irrespective of any claims made.
20-Year Term : 105% of total premium paid.
15-Year Term : 103% of total premium paid. - Daily hospital cash benefit will be paid regardless of the cause of the hospitalization.
- Double cash payment for Intensive Care Unit or Major Burn Treatment confinement.
- Easy application and claims processes.
Example：
Mr. Lee is currently 35 years old. He has decided to buy a 20-Year Refund of Premium Daily Hospital Cash Indemnity Insurance policy with daily hospital cash of NT$5,000 after reviewing his overall financial/insurance plan with his Premier Relationship Manager. In this case, Mr. Lee will pay NT$8,600 of premium per month he and his family will be protected by the following benefits in the next 20 years.
- Hospital Confinement Daily Indemnity Benefit (Daily Hospital Cash): NT$5,000 × Confinement days (including Intensive Care Unit / Major Burn Treatment confinement, up to 365 days per hospitalization)
- Intensive Care Unit / Major Burn Treatment Daily Indemnity Benefit: NT$10,000 × Intensive Care Unit / Major Burn Treatment confinement days (total Intensive Care Unit / Major Burn Treatment daily indemnity is up to 180 days per hospitalization)
- Death \ Total Permanent Disability (TPD) Benefit:
The greatest of :
(1). NT$ 750,000
(2). The total premiums paid to the point of death or TPD
(3). Policy Cash Value Reserve - Maturity Benefit: Round ($172* X 12 X 20-Year X 1.05) X 50 = $2,167,200
* For a male customer at age 35 applying for a 20-Year plan, the premium rate per $100 Daily Hospital Cash is $2,064 ÷ 12 = $172 - Indemnity Limit: (The maximum cap of the accumulated hospital daily indemnity and the Intensive Care Unit / Major Burn Treatment daily indemnity claims):
| Plan | Indemnity Limit Per Unit |
| 15 Year | NT$ 90,000 |
| 20 Year | NT$ 120,000 |
Note:
1."Per hospitalization" : Hospital confinement within 14 days after discharging from hospital due to the same disease, accident or complication will be treated as the same hospitalization confinement.
2. Premium payment with credit card, direct debit or autopay will enjoy a 1% premium discount.
The above example is for illustration only. Please ask your HSBC Premier Relationship Manager for your own personalized protection plan.
Product Features:
- Payments :
(1). Benefit/Payment Period: 15 or 20 Years
(2). Premium Mode: Annually / Monthly
(3). Payment Method: Credit card, Bank account transfer. (Both will enjoy 1% of premium discount.) - Eligibility / Underwriting limits:
(1). Issue Ages:
i. 15-Year: 0 (age latest birthday) ~ 60 (age nearest birthday)
ii. 20-Year: 0 (age latest birthday) ~ 55 (age nearest birthday)
(2). Sum Assured Limits:8 ~ 50 Unit (NT$100 per unit)
* Other limits may be applicable to insurance age under 14, and for certain career risk levels.)
| HSBC Insurance - Refund of Premium Daily Hospital Cash Indemnity Insurance | ||||||
| Surrender Value to Accumulative Premium Payable Ratio Premium Payment Period：20 Year | ||||||
| Policy Year | Age 14 Male | Age 35 Male | Age 50 Male | Age 14 Female | Age 35 Female | Age 50 Female |
| 1 | 45.2% | 36.3% | 27.0% | 47.8% | 39.0% | 30.8% |
| 2 | 53.4% | 48.9% | 44.8% | 55.1% | 49.6% | 46.4% |
| 3 | 56.0% | 53.1% | 50.9% | 57.5% | 53.2% | 51.7% |
| 4 | 57.3% | 55.2% | 54.0% | 58.7% | 55.1% | 54.4% |
| 5 | 58.0% | 56.4% | 55.9% | 59.4% | 56.3% | 56.1% |
| 10 | 59.0% | 58.9% | 59.4% | 60.5% | 58.8% | 59.4% |
| 15 | 59.8% | 59.8% | 60.1% | 60.4% | 59.8% | 60.1% |
| 20 | 80.5% | 80.5% | 80.5% | 80.5% | 80.5% | 80.5% |
| According to the table above, surrendering the policy during the 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 your 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.
