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Fulfillment Ratio for Participating Products

Fulfillment Ratio for Participating Products

To provide you an overview of the dividend declaration history of HSBC Life (International) Limited, Macau Branch ("the Company"), the following shows the Fulfillment Ratio for each of the participating products with new policies recently issued by the Company. These results are intended for reference purpose only and should not be taken as indicator of future dividend declaration and special bonus of participating products. The actual Fulfillment Ratios in future may be lower or higher than the historical Fulfillment Ratios as illustrated.

What is the fulfillment ratio for annual dividends?

The Fulfillment Ratio for annual dividends shows the extent to which the actual accumulated annual dividends and interest (excluding special bonus, if applicable) meets, underperforms or outperforms the illustrated amount at the point of sale for all relevant in-force participating policies at the relevant policy year. In respect of each product and currency, Fulfillment Ratio for annual dividends for a policy year is calculated as the ratio of aggregate amount of any actual accumulated non-guaranteed annual dividends, any monthly income/annuity (non-guaranteed portion) and non-guaranteed interests (if any) earned on any accumulated dividends and/or its interest (if any) as well as accumulated guaranteed bonus and/or annuities (if applicable), against the illustrated amount at point of sale across all relevant in-force policies in the reporting year.

What is the fulfillment ratio for special bonuses?

The Fulfillment Ratio for special bonuses shows the extent to which the actual payout of special bonus meets, outperforms or underperforms the illustrated amount at the point of sale for all the relevant participating policies which were actually terminated in the reporting year. In respect of each product and currency, Fulfillment Ratio for special bonuses for a policy year is calculated as the ratio of aggregate amount of actual payout of special bonus against the illustrated amount at point of sale across all relevant policies which were actually terminated in the reporting year.

How should I interpret the result of fulfillment ratio?

The Fulfillment Ratio will be 100% when the non-guaranteed benefits (i.e. accumulated dividends and interest or special bonus) declared matches with the illustrated non-guaranteed benefits amount at the point of sale. If it is above 100%, it means larger amount of non-guaranteed benefits was declared as compared with the illustrated amount and if it is below 100%, it means the opposite.

However, it should be noted that the Fulfillment Ratio can only reflect the non-guaranteed benefits declaration result for a certain past period of the policies issued and it cannot represent any future declaration plan and strategy over a longer term for the remaining policy years. It is not suggested taking the Fulfillment Ratio result as an indicator of future non-guaranteed benefits declaration of the participating products.

Whole Life

Fulfillment ratio for special bonus – reporting year 2023
Currency

Policy effective in 2022 (Policy year 1)

Policy effective in 2021 (Policy year 2)

Policy effective in 2020 (Policy year 3)

Policy effective in 2019 (Policy year 4)

Policy effective in 2018 (Policy year 5)

Policy effective in 2017 (Policy year 6)

Policy effective in 2016 (Policy year 7)

Policy effective in 2015 (Policy year 8)

Policy effective in 2014 (Policy year 9)

Policy effective in 2013 (Policy year 10)

Policy effective before 2013 (Policy year 10+)
USD N/A N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
Fulfillment ratio for special bonus – reporting year 2023
Currency USD

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 N/A

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched

HSBC Family Goal Insurance Plan 

HSBC Health Goal Insurance Plan 

HSBC Paramount Global Life Insurance Plan 

HSBC Wealth Goal Insurance Plan II 

Annuity

Fulfillment ratio for special bonus – reporting year 2023
Currency

Policy effective in 2022 (Policy year 1)

Policy effective in 2021 (Policy year 2)

Policy effective in 2020 (Policy year 3)

Policy effective in 2019 (Policy year 4)

Policy effective in 2018 (Policy year 5)

Policy effective in 2017 (Policy year 6)

Policy effective in 2016 (Policy year 7)

Policy effective in 2015 (Policy year 8)

Policy effective in 2014 (Policy year 9)

Policy effective in 2013 (Policy year 10)

Policy effective before 2013 (Policy year 10+)
MOP N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
HKD N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
USD N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
Fulfillment ratio for special bonus – reporting year 2023
Currency MOP

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 Not yet launched

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched
Currency HKD

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 Not yet launched

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched
Currency USD

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 Not yet launched

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched
Fulfillment ratio for annual dividends – reporting year 2023
Currency

Policy effective in 2022 (Policy year 1)

Policy effective in 2021 (Policy year 2)

Policy effective in 2020 (Policy year 3)

Policy effective in 2019 (Policy year 4)

Policy effective in 2018 (Policy year 5)

Policy effective in 2017 (Policy year 6)

Policy effective in 2016 (Policy year 7)

Policy effective in 2015 (Policy year 8)

Policy effective in 2014 (Policy year 9)

Policy effective in 2013 (Policy year 10)

Policy effective before 2013 (Policy year 10+)
MOP N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
HKD N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
USD N/A Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched Not yet launched
Fulfillment ratio for annual dividends – reporting year 2023
Currency MOP

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 Not yet launched

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched
Currency HKD

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 Not yet launched

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched
Currency USD

Policy effective in 2022 (Policy year 1)

 N/A

Policy effective in 2021 (Policy year 2)

 Not yet launched

Policy effective in 2020 (Policy year 3)

 Not yet launched

Policy effective in 2019 (Policy year 4)

 Not yet launched

Policy effective in 2018 (Policy year 5)

 Not yet launched

Policy effective in 2017 (Policy year 6)

 Not yet launched

Policy effective in 2016 (Policy year 7)

 Not yet launched

Policy effective in 2015 (Policy year 8)

 Not yet launched

Policy effective in 2014 (Policy year 9)

 Not yet launched

Policy effective in 2013 (Policy year 10)

 Not yet launched

Policy effective before 2013 (Policy year 10+)

 Not yet launched

HSBC Flourish Income Annuity Plan 

Note:

  1. Some of the above Fulfillment Ratios are shown as "N/A" because:
    1. there are no relevant in-force policies in the respective policy year for some products;
    2. the dividend amount / special bonus amount / illustrated amount at point of sale is zero and hence Fulfillment Ratio is undetermined; or
    3. the special bonus amount illustrated at point of sales was non-zero, but there were no relevant policies actually terminated in the reporting year and therefore there is no reportable statistics.
  2. The products shown above are underwritten by the Company which is a branch incorporated in accordance with Macau laws, and is one of the HSBC Group's insurance underwriting subsidiaries. The Company is authorized and regulated by Autoridade Monetária de Macau to carry on long-term insurance business in the Macau SAR. You are 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. The above insurance products are long-term life insurance plans with a savings element. They are not equivalent or similar to any kind of bank deposit. The proceeds received upon policy surrender, whether partial or full, may be less than the total premiums paid.
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