HSBC Eminent Goal Multi-Currency Insurance Plan

The above plans are life insurance plan underwritten by HSBC Life (International) Limited, Macau Branch ("the Company"). Policyholders are subject to the credit risk of the Company and early surrender loss.

1. Currency Switch Option means an option to switch the policy currency to a different currency that HSBC Life makes available at the time of the application for Currency Switch Option, from the 3rd policy anniversary onwards or when the policy is fully paid at the end of the premium payment period (whichever is later). Please refer to the policy provisions of the Currency Switch Option for detailed terms and conditions.
2. Each original policy can be converted into up to 3 new split policies with new policy number assigned. The policyholder of the split policies can further apply for Policy Split Option to split into a maximum of other 3 split policies. The policy amount⁹ of split policies must not be less than such minimum amount requirement which may be determined by HSBC Life from time to time. Please refer to the product brochure for details.
3. After the 20th policy year, if there are no outstanding policy loan or premiums, you may apply to exercise the option of locking in a portion of the net cash value. The amount you choose to lock in is guaranteed upon exercising the Policy Value Management Option and will be allocated to the Policy Value Management balance to accumulate at a non-guaranteed interest rate, which will be adjusted from time to time at our discretion. The exercise of the Policy Value Management Option is subject to the minimum amount requirements on both the:
       3.1 net cash value to be allocated per transaction; and
       3.2 policy amount after the exercise of this option
   These minimum amount requirements are determined by us from time to time without prior notice to you. Please refer to product brochure for details.
4. Starting from the 3rd policy anniversary or when the policy is fully paid at the end of the premium payment period (whichever is later), if there is no indebtedness¹⁰, you may request to withdraw cash value from this policy in annual or monthly frequency. Please refer to section "Product Summary" of this product brochure for more details.
5. The age refers to the age the insured person or policyholder, whichever is applicable, will be on their next birthday.
6. The Total Basic Plan Premium Paid refers to the total amount of premiums due under your basic plan—whether or not actually paid—as of the date of death for the insured person. Please refer to the policy provisions for detailed terms and conditions.
7. The additional accidental death benefit will terminate when the insured person reaches age⁵ 80 or upon the payout of this benefit or when the policy is terminated (whichever is earlier) subject to a maximum benefit limit of USD3,000,000 or its equivalent per insured person across all additional accidental death benefit issued by HSBC Life. Your policy will terminate once we pay this benefit. Please refer to the policy provisions of the supplementary benefits for detailed terms and conditions of coverage and exceptions.
8. The unemployment benefit is applicable to policyholders aged⁵  between 19 and 64 who hold a Macau SAR Resident Identity Card. This benefit will terminate when the policyholders attains the age⁵ of 65 or all due premiums have been paid or the policy is terminated (whichever is earlier). Such benefit is not applicable to single premium policy. Please refer to the policy provisions of the supplementary benefits for detailed terms and conditions of coverage and exceptions.
9. The Policy Amount is an amount used to determine the premiums payable under the policy, plus the cash values and special bonuses you receive under the basic plan of this policy. It does not represent the amount of death benefit payable or cash value of your policy.
10. Indebtedness means the sum of all outstanding policy loans or automatic premium loans advanced in accordance with the Policy, any accrued interest on such loans, and any outstanding premiums or payments under this policy.