Jade Universal Life Plans

1. Subject to availability, you have the flexibility to place your premiums into USD, AUD, GBP and CNY, other policy currencies may be made available in the future. Different crediting interest rates would be applied to your Account Value according to your chosen policy currency.
2. The Sum Insured and Account Value will reduce accordingly after Accelerated Death Benefit has been claimed.
3. You may select a No-Lapse Guarantee (“NLG”) Benefit to age 100 when you purchase the plan, only applicable to USD as the policy currency with single premium payment and without the selection of the Critical Illness Advance Payment option. You have a one-time option to add the No-Lapse Guarantee Benefit option to your Policy at specified intervals when the Life Insured’s age is between 50 and 80. Any addition of NLG Benefit will trigger additional Policy Expense Charge and also subject to a minimum NLG Benefit premium which is higher than non- NLG Benefit premium. This option is not applicable if Critical Illness Advance Payment option is selected.
4. This supplementary benefit is only applicable if you have health needs. For more details, please perform the Financial Needs Analysis with assistance of our staff. While this Supplementary Benefit is selected and/or in force, addition of No-Lapse Guarantee Benefit option is not allowed. Upon the Change of Life Insured of this Policy, if the new Life Insured is not accepted for this Supplementary Benefit as determined by HSBC Life, this Supplementary Benefit will terminate on the effective date of the Change of Life Insured. Please refer to Product Factsheet (Critical Illness Advance Payment – Supplementary Benefit for Jade Global Generations Universal Life) for a detailed list of illnesses covered.
5. Subject to the terms in the Policy Provisions, you may access the Account Value through a (i) Policy Loan (with accrued interest); or (ii) Partial (or Full) Surrender (subject to applicable Surrender Charges during the first 18 Policy Years). Please refer to the Product Factsheet for details and risks.

Jade Global Generations Universal Life Plan and Jade Ultra Global Generations Universal Life Plan are life insurance plans underwritten by HSBC Life which is authorised and regulated by the Insurance Authority (IA) of the Hong Kong SAR to carry on long-term insurance business in the Hong Kong SAR. HSBC Life is incorporated in Bermuda with limited liability. Both plans are intended only for sale in the Hong Kong SAR. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid.

The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is an insurance agent authorised by HSBC Life. You will subject to the credit risk of HSBC Life and your premiums paid will form part of HSBC Life’s assets. You do not have any rights or ownership over any of these assets. Your recourse is against HSBC Life 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 HSBC Life and you directly.

Please refer to the respective product brochure for detailed features and the product factsheet for the detailed terms and conditions.