Up to 100% premium refund
3 benefit levels for selection
5-year premium payment for 11-year coverage
Issue age: 15 days to age 60 (Plan1 & Plan2),Age 18 to age 50 (Plan3 2)
Premium payment term: 5 years
Benefit term: 11 years
Premium payment mode 8: Annual, monthly, annual and premium prepayment9
Policy currency: HKD
Regardless of your claim record under the Plan1, you will receive a premium refund as maturity benefit, which is equivalent to 100% of the accumulated premium due and paid, less all indebtedness (if any) upon policy maturity. The Plan shall then terminate.
You can choose from 3 different benefit levels2 to cater to your personal needs.
By paying 5-year premiums, you can enjoy coverage up to 11 years.
If the insured is confined in hospital4 due to disability, and such admission is deemed medically necessary as well as reasonable and customary, the Plan will pay daily hospital income benefit according to the number of days of confinement, up to a maximum of 1,000 days per confinement.
In addition,the Plan will provide an extended care allowance3,4 per confinement of the insured, and up to a maximum of 2 times per policy year.
If the insured is admitted to an intensive care unit, or is confined in hospital due to injury caused by accident, or diagnosed with specific infectious disease, provided that the daily hospital income benefit is payable, the Plan will pay any of the applicable additional hospital income benefits below, subject to specified conditions.
•additional intensive care unit hospital income benefit3,4
•additional accidental hospital income benefit3,4,5
•additional infectious disease hospital income benefit3,4,5,6
While the policy is in force, if the insured is diagnosed by a registered medical practitioner as suffering from cancer for the first time, we will waive the premiums of the Plan for 12 months starting from the first policy monthiversary after the date of diagnosis of such cancer. The Plan will remain in force during the premium waiver period. Premium waiver benefit for cancer will be paid once only and this benefit will be terminated thereafter.
If the insured passes away while the policy is in force, a death benefit will be paid to the beneficiary, providing the family with immediate financial support. The Plan shall then terminate.For the details of the benefits, please refer to the “benefit schedule”.
| The effective date of the policy surrender is | The amount which is equivalent to the following percentage of the accumulated premium due and paid calculated while the policy is in force and until the effective date of the policy surrender |
|---|---|
| Prior to the 2nd policy anniversary | 0% |
| From the 2nd policy anniversary and prior to the 3rd policy anniversary | 5% |
| From the 3rd policy anniversary and prior to the 4th policy anniversary | 10% |
| From the 4th policy anniversary and prior to the 5th policy anniversary | 20% |
| From the 5th policy anniversary and prior to the 6th policy anniversary | 30% |
| From the 6th policy anniversary and prior to the 7th policy anniversary | 50% |
| From the 7th policy anniversary and prior to the 8th policy anniversary | 60% |
| From the 8th policy anniversary and prior to the 9th policy anniversary | 70% |
| From the 9th policy anniversary and prior to the 10th policy anniversary | 80% |
| From the 10th policy anniversary and prior to the policy maturity date | 90% |
| Policy maturity date | 100% |
Simplified underwriting
the application of the Plan is simple and fast as no medical examinations is required
| Benefit items | Benefit amount (HKD) | |||
|---|---|---|---|---|
| Plan 1 | Plan 2 | Plan 32 | ||
| Hospitalization Benefits | Daily hospital income benefit3,4 (maximum no. of days per confinement: 1,000 days) (Each day) |
500 | 1,000 | 1,500 |
Additional intensive care unit hospital income benefit3,4 (maximum no. of days per confinement: 30 days) (Each day) |
500 | 1,000 | 1,500 | |
Additional accidental hospital income benefit3,4,5 (maximum no. of days per cofinement: 90 days) (Each day) |
500 | 1,000 | 1,500 | |
Additional infectious disease hospital income benefit3,4,5,6 (maximum no. of days per confinement: 30 days) (Each day) |
500 | 1,000 | 1,500 | |
Extended care allowance3,4 (maximum no. of claim per confinement : 1 time; maximum no. of claim per policy year: 2 times) (per confinement) |
500 | 1,000 | 1,500 | |
| Life protection | Death benefit |
5,000 or accumulated premium due and paid,whichever is higher ─ all indebtedness (if any) |
10,000 or accumulated premium due and paid,whichever is higher ─ all indebtedness (if any) |
15,000 or accumulated premium due and paid,whichever is higher ─ all indebtedness (if any) |
| Premium waiver | Premium waiver benefit for cancer7 (maximum no. of claim per policy: 1 time) |
Waive the premiums for 12 months since the first policy monthiversary after the date of diagnosis of the insured’s cancer |
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| Other service | 24-hour worldwide emergency assistance service10 | If the insured is diagnosed with an illness or is injured in an accident outside the country of residence, he/she will access comprehensive coverage under the free 24-hour worldwide emergency assistance service. |
||
Notes:
1. Each insured is allowed to have one SmartPlus Refundable Hospital Income Plan in force only.
2. Plan 3 is only available to an employed insured.
3. Should the hospital not be located at any of the places stated under “Important Information” item 5 “Limitations”, the amount payable of the daily hospital income benefit/additional intensive care unit hospital income benefit/additional accidental hospital income benefit/additional infectious disease hospital income benefit/extended care allowance (if applicable) will be reduced by half. Moreover, the maximum number of days for which daily hospital income benefit is payable shall not exceed 30 days per confinement.
4. “Hospital” does not include any establishment or that portion of an establishment which is operated as a convalescent or nursing home, rest home, elderly’s home, or an establishment for rehabilitation of alcoholics or drug addicts (including similar units within hospital). For Confinement in the People’s Republic of China, the hospital that the insured is confined must be either a Tertiary Grade A hospital designated by National Health and Family Planning Commission of the People's Republic of China or a hospital under the list titled “List of Designated Hospitals in China” publicated on the Company’s website from time to time. For the list of designated hospitals located in China, please refer to China Life (Overseas)’s website www.chinalife.com.hk/customerservice/hospitals-in-china。China Life (Overseas) has the right to make any amendments or changes to the list of Designated Hospitals in China from time to time.
5. Under the same confinement, the Plan will not pay both additional accidental hospital income benefit and additional infectious disease hospital income benefit at the same time. The Company reserves the final and sole decision whether to pay the additional accidental hospital income benefit or additional infectious disease hospital income benefit.
6. For additional infectious disease hospital income benefit, the insured has to be diagnosed with an infectious disease listed in Schedule 1 of the Prevention and Control of Disease Ordinance (Cap. 599 of the Laws of Hong Kong) which is applicable at that time and admitted to the intensive care unit of a hospital for consecutive 7 days or above, and has been treated by using life support equipment (except intravenous injection and any monitoring equipment) which is medically necessary.
7. The Company will waive the premium of the Plan since the first policy monthiversary after the date of diagnosis of such cancer of the insured, until the first of these happens: (a) the Company has waived 12 months of premium of the Plan based on premium waiver benefit for cancer; or (b) the premium expiry date of the Plan; or (c) the date of death of the insured; or (d) the date of termination of the policy for whatever reason.
8. If the required renewal premium is paid by you within the grace period, the policy shall continue to be in force. For details, please refer to the policy provisions issued by China Life (Overseas). If the policy is lapsed or surrendered early, the policy cash value (if any) received by you may be considerably less than the total amount of the premiums paid.
9. If you choose the annual and premium prepayment option, you can withdraw the unused prepaid premium (including interest, if any) at one time. China Life (Overseas) will charge 2% of the withdrawal amount, at a minimum amount of HKD100. You can withdraw the unused prepaid premium once only. The interest rate of prepaid premium is not guaranteed.
10. 24-hour worldwide emergency assistance service is provided by a third party service provider. China Life (Overseas) will not guaranteed the service quality and shall not be liable for any matter in connection with the services. China Life (Overseas) reserves the right to amend the terms and conditions thereof from time to time without prior notice.
This shall not be construed as any provision of or offer to sell or solicitation to buy any insurance product outside Hong Kong. China Life (Overseas) does not provide or offer to sell any insurance product outside Hong Kong.
The above information is for reference only. The detailed terms, conditions and exclusions of the Plan are subject to the terms and conditions of the policy contract of the Plan. For a copy of the policy provisions, please contact China Life (Overseas) for enquiry.
