HSBC FirstSave Insurance Plan

Endnotes

1. The maturity benefit (the amount you'll get at the end of the policy term) is a rounded-down percentage of the guaranteed cash value divided by the total amount of premiums paid at maturity. Such percentage varies by your chosen premium payment mode as follows:

   Premium payment mode	Original percentage to be received at maturity	Percentage (after discount) to be received at maturity
   For monthly premium payment (applicable to online application only):	108%	110% (30% discount off on your first month‘s premium when apply)
   For annual premium payment (applicable to branch and online application):	110%	113% for policies with notional amount of USD100,000 or less (4.5% discount off on your first year's premium when apply) 114% for policies with notional amount of greater than USD100,000 (6.0% discount off on your first year's premium when apply)
   For aggregate premium (applicable to branch application only)2:	112%	115% (6.65% discount off on your first year’s premium when apply)

2. The aggregate premium payment option allows you to prepay the required premiums and it is currently not available for online applications. The required annual premium will then be deducted from the balance of the prepaid premiums account on the relevant premium due dates. Please be aware that if you choose this payment option, you should ensure that you can afford to leave your prepaid premiums in your policy, as no withdrawal from the balance of the prepaid premiums together with interests accumulated is allowed once paid except in the event of death or surrender of your policy. You are therefore advised to choose a premium payment method that best fits your financial circumstances at the time of application and enquire at branches if you are considering to pay using the aggregate premium payment option.
3. Additional accidental death benefit will terminate at the end of the policy term, on the policy anniversary at which the life insured attains the age⁵ of 80 or payout of such benefit or your policy is terminated (whichever is earliest). Your policy will terminate once we paid this benefit.
4. If any of your nominated beneficiaries fall under the relationship status of grandchildren, grandparents, stepchildren, step parents, step brother, step sister, cohabiting or non-cohabiting partner, you’ll be required to submit the relevant declaration or documents as proof of an insurable relationship between the life insured and the nominated beneficiaries. Please refer to the relevant declaration form for nominating a non-cohabiting partner or the form for all other relationships listed. For more information and requirements you can also visit our ‘Love Bonds Us All’ page.
5. Terminal illness benefit is not available to you if you are aged⁵ 65 or above. This benefit will terminate on the Policy Anniversary at which you attain the age⁵ of 65 years or payout of such benefit or your policy is terminated (whichever is the earliest). Your policy will terminate once we paid this benefit.
6. Age means the Insurance Age of the policyholder (ie same as the life insured) where applicable at his or her next birthday.
7. The unemployment benefit is applicable to any policyholder aged⁵ between 19 and 64 who holds a Hong Kong Identity card. It is not applicable if you choose to prepay the required premiums². The benefit will terminate on the policy anniversary at which the policyholder attains the age⁵ of 65 years, all due premiums have been paid or your policy is terminated (whichever is the earliest).
8. Application for HSBC FirstSave is subject to our relevant requirements on nationality and/or addresses and/or residency of the policyholder (ie same as the life insured) as determined by us from time to time.

Disclaimer

• HSBC Life (International) Limited ("the Company“ or “we”) is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries.
• HSBC FirstSave Insurance Plan (“FirstSave”, the “Plan” or “Policy”) is underwritten by the Company which is authorised and regulated by the Insurance Authority (IA) to carry on long-term insurance business in the Hong Kong SAR.
• The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company. This product is a product of the Company but not HSBC and it is intended only for sale in the Hong Kong SAR.
• Your benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.
• For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between the Company and you directly.
• Please refer to the respective product brochure for detailed features and the Policy Provisions for the detailed terms and conditions.
• In the case that you have to surrender your policy in the early years, you may receive an amount significantly less than the premiums paid. If you have chosen the aggregate premium payment option², we will apply a surrender charge on the balance of the prepaid premiums² together with interest accumulated upon your policy surrenders. Please refer to the Policy Provisions for details of the surrender charge.