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Lifestyle Education Protection Plus
Information
What is Lifestyle Education Protection Plus?
Lifestyle Education Protection Plus provides life insurance protection for the whole of your child's life with guaranteed cash bonuses during your child's university years.
Features
An education fund and lifelong protection for your child - all in one plan
Choice of payment term - single payment*, or up to age 18
Fixed premium during the term of the policy
Guaranteed cash bonus equivalent to 25% of the sum insured paid every year for four years as an education fund when your child reaches 18
Sum insured automatically double when your child reaches 21 to take care of their increased financial and protection needs after graduation
Builds guaranteed cash savings and pays annual dividends to boost savings throughout the policy term
Future premiums will be waived until recovery in case of temporary disability of payor for more than six months
For unemployment over 30 consecutive days, payment of premiums can be delayed for 365 days
Children aged 1 to 8 are eligible to join. The child normally doesn't need to have a medical examination if they're in good health and the sum insured is not more than MOP2,400,000 or USD300,000
* If you cancel or change the policy, the balance of the single payment will be paid subject to a surrender charge at a scale determined by us from time to time.
Notes:
All ages mentioned refer to the age of the insured at the next birthday
The above insurance plan is underwritten by HSBC Life (International) Limited, which is part of HSBC Insurance, the identity under which the HSBC Group’s insurance underwriting subsidiaries operate. HSBC Life (International) Limited is authorised and regulated by the Autoridade Monetaria de Macau to carry out long-term insurance business in the Macau SAR. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited
