FamilyPower Multi-Currency Life Insurance Plan (“FamilyPower” or “the Plan”) is a life insurance plan and is not equivalent or similar to any kind of bank deposit. It is underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”, “the Company”). This product information does not contain the full terms of the Policy and the full terms can be found in the relevant policy document.
FamilyPower Multi-Currency Life Insurance Plan offers an array of Policy Currency1 and 3 choices of payment terms. This plan also offers various flexible options, no matter where they are in the world, you can manage your assets for potential growth and plan better for your wealth succession without worries.
Plan Highlights & Details
Currency Switch Option2
offers 8 currencies for switching
Policy Split Option3
splits into 3 policies at most flexibly
Regular Withdrawal Option4
provides increased liquidity
Seamlessly transfer the Policy from one generation to another by designating a Contingent Owner5, an Interim Policyholder5, a Contingent Insured6, and making unlimited times of Change of Life Insured7 to ensure a smooth transition
Policy Value Management Option8
to lock-in returns
In addition to Family Mental Care Benefit9 covers mental incapacity or Severe Dementia, also provides free Accidental Death Benefit10
Learn More
Please visit Hang Seng Bank Website > "Insurance & MPF" > "Retirement / Wealth Accumulation" > "FamilyPower Multi-Currency Life Insurance Plan"
Application Offer
Customers can be entitled premium discount# for the first year upon successful application for FamilyPower Multi-Currency Life Insurance Plan during the promotion period.
Please visit Hang Seng Bank Website > "Insurance & MPF" > "Make an eAppointment"
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*In respect of any application for exercising the Currency Switch Option and/or Policy Split Option, Hang Seng Insurance Company Limited ("Hang Seng Insurance") shall have the absolute right and discretion to approve or reject the application, which can be exercised from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), up to a maximum of 3 times per Policy Year and the Currency Switch Exchange Rate will be determined at Hang Seng Insurance’s absolute discretion. For details about the Currency Switch Option and Policy Split Option, please refer to the product brochure. The promotion period on FamilyPower Multi-Currency Life Insurance Plan is from 1 January 2025 to 31 March 2025 (both days inclusive). Terms and Conditions apply. Please note the relevant product risks and credit risk. FamilyPower Multi-Currency Life Insurance Plan ("the Plan") is a life insurance plan and is not equivalent or similar to any kind of bank deposit. It is underwritten by Hang Seng Insurance Company Limited ("Hang Seng Insurance"). The above advertisement is provided by Hang Seng Bank and is a product summary of information for reference only. The Plan is intended only for sale in the Hong Kong SAR. It shall not be construed as an offer to sell or solicitation of an offer or recommendation to purchase or sale or provision of any products of Hang Seng Insurance. Please refer to the promotion leaflets/flyers and contracts for the important information such as detailed coverage, exact Terms and Conditions and exclusions of the Plan. Please refer to the product brochure for the relevant product risks. The policyholder is subject to the credit risk of "Hang Seng Insurance". If the policyholder discontinues and/or surrenders this policy in early policy years, the amount of benefits you will get back may be considerably less than the total premiums you have paid. All details regarding policy surrender should be referred to the relevant policy provisions. Hang Seng Insurance is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank is an insurance agent authorised by Hang Seng Insurance and the insurance products are the products of Hang Seng Insurance but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance and you directly. If you surrender the Policy after the expiry of the cooling-off period, the surrender proceeds to be received may be significantly less than the Total Premiums Paid. Please refer to the illustration summary of this Plan for the projected surrender values.

#Terms and Conditions apply. Please note the relevant product risks.
For the Terms and Conditions relating to the first-year premium discount, please click here.
Please refer to the Product Brochure for detailed terms and conditions, risks and exclusions, please click here.

Remarks:
  1. If you enroll FamilyPower in foreign currency, all premium payable and policy benefits will be recorded in the corresponding foreign currency. Since the two-way exchange of foreign currency and Hong Kong dollar bears the risk of exchange rate fluctuation, you should consider exchange rate risk before making the decision to enroll in FamilyPower. If you pay the premium or receive policy benefits in Hong Kong dollars, Hang Seng Insurance will convert the relevant amount from Hong Kong dollars to the corresponding foreign currency or from the corresponding foreign currency to Hong Kong dollars at the market-based prevailing exchange rate on the date your premium is processed or your policy benefits are settled. The exchange rate applicable at the relevant time is determined by the Company and would be varied from time to time. The foreign currency exchange rate can go up or down. If you pay the premium in Hong Kong dollars, when the corresponding foreign currency appreciates against the Hong Kong dollars, the annual premium payable in Hong Kong dollars at the subsequent Policy Years would be higher than initial annual premium. If you settle the policy benefits in Hong Kong dollars and the corresponding foreign currency depreciates against the Hong Kong dollars when your policy benefits are settled in Hong Kong dollars, you could lose a substantial portion of your policy benefit value in Hong Kong dollars.
  2. Starting from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), Policyholder may apply to switch the Policy Currency to a different available currency up to a maximum of 3 times per Policy Year, and the Currency Switch Exchange Rate11 will be determined at our absolute discretion. The Company shall have the absolute right and discretion to determine whether to accept or reject any application for exercising the Currency Switch Option, please refer to product brochure for details.
  3. Starting from the 3rd Policy Anniversary or after the Payment Cessation Date (whichever is later), Policyholder may apply to split the Policy into a maximum of 3 Split Policies. The Company shall have the absolute right and discretion to determine whether to accept or reject any application for exercising the Policy Split Option, please refer to product brochure for details.
  4. Any Regular Withdrawal Option request is subject to the following two requirements: (i) a minimum amount of reduction of Policy Amount12 per transaction; and (ii) a minimum amount of the Policy Amount12 after such transaction, both the minimum amount requirements are determined by the Company from time to time at our absolute discretion, please refer to product brochure for details.
  5. Our acceptance of any designation of Contingent Owner and Interim Policyholder (if applicable) will be at our absolute discretion and shall be subject to any prevailing rules and terms and conditions as we shall determine from time to time, please refer to product brochure for details.
  6. Our acceptance of any designation of Contingent Insured will be entirely at our absolute discretion and shall be subject to (i) satisfactory proof of the insurability of the Contingent Insured; (ii) the Contingent Insured meeting the prevailing age requirement; (iii) the Policyholder and Contingent Owner (if any) having adequate insurable interest13 in the Contingent Insured; (iv) a Contingent Insured below the Insurance Age14 of 18 can only be designated if you designate a Contingent Owner at the same time or there is an existing Contingent Owner on our record; and any other requirements as determined by us from time to time, please refer to product brochure for details.
  7. Our acceptance of any Change of Life Insured request will be entirely at our absolute discretion and shall be subject to (i) satisfactory proof at the insurability of the new Life Insured; (ii) the new Life Insured meeting the prevailing age requirement; (iii) the Policyholder having adequate insurable interest13 in the new Life Insured; and (iv) any other requirements as determined by us from time to time, please refer to product brochure for details.
  8. Starting from the 5th Policy Anniversary, Policyholder may apply to exercise the Policy Value Management Option to lock in a portion of the Guaranteed Cash Value and non-guaranteed Special Dividend (if any). The amount to lock-in is guaranteed upon exercising this option and will be allocated to the Policy Value Management Balance to accumulate with a non-guaranteed interest rate as determined by the Company from time to time, please refer to product brochure for details.
  9. If the Life Insured is diagnosed as a Mentally Incapacitated Person or diagnosed of Severe Dementia while the Policy is in force, we will pay the Family Mental Care Benefit which equals to Designated Percentage of Family Mental Care Benefit multiplies by (a) Guaranteed Cash Value, plus (b) Special Dividend (if any), plus (c) Policy Value Management Balance (if any) as at the date of claim approval of this Supplementary Benefit. Any Indebtedness shall be deducted from the Family Mental Care Benefit at the time of payment, please refer to product brochure for details.
  10. Accidental Death Benefit will be automatically terminated (i) when such Accidental Death Benefit is paid out, (ii) on the date the Policy of Basic Plan lapses, terminates, expires, becomes void, is surrendered15 or cancelled, or (iii) on the Benefit Cessation Date of this Supplementary Benefit (whichever is the earliest) , please refer to product brochure for details.
  11. Currency Switch Exchange Rate means a market-based prevailing exchange rate for exercising the Currency Switch Option2 as determined by us from time to time.
  12. Policy Amount is an amount used to determine the premiums payable under the Policy, your Guaranteed Cash Value and Special Dividend (if any) to be received under the Basic Plan of the Policy. It does not represent the amount of Death Benefit payable or cash value of your Policy.
  13. General acceptance relationships with adequate insurable interest include spouse, children with Insurance Age14 below 18 and their parents / legal guardian.
  14. Insurance Age means, at any date, the age of the Life Insured or the Policyholder (where applicable) on the last birthday prior to (or on the birthday the same day as) the Policy Date or the relevant Policy Anniversary.
  15. If the Policyholder surrenders the Policy after the cooling-off period and when the Policy is in force, the surrender proceeds to be received may be less than the total premium and levy paid. Please refer to the illustration summary of for details. If Policyholder surrenders the Policy within the policy term, the surrender proceeds payable to the Policyholder will be an amount equal to the Net Cash Value16 (if any) plus Special Dividend (if any) and Policy Value Management Balance (if any) as at the date the surrender request is processed. Upon partial surrender, the Policy Amount12 and Total Premiums Paid17 for the Basic Plan under the Policy will be adjusted and reduced proportionally and consequential adjustments will be made in the calculations of Guaranteed Cash Value, Special Dividend (if any) and Death Benefit.
  16. Net Cash Value means at any time, an amount equal to Guaranteed Cash Value less Indebtedness (if any).
  17. Total Premiums Paid is the total amount of premiums due and paid for the Basic Plan.

Disclosure of Information
The above information is a product summary of information for reference only. The Plan is intended only for sale in the Hong Kong SAR. It shall not be construed as an offer to sell or solicitation of an offer or recommendation to purchase or sale or provision of any products of Hang Seng Insurance Company Limited.

The above Life Insurance Plan is underwritten by Hang Seng Insurance. Hang Seng Insurance is authorised and regulated by the Insurance Authority of the HKSAR. Hang Seng Bank is an insurance agent authorised by Hang Seng Insurance Company Limited and the insurance products are the products of Hang Seng Insurance Company Limited but not Hang Seng Bank. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Hang Seng Bank and you out of the selling process or processing of the related insurance product transaction, Hang Seng Bank will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the insurance products should be resolved between Hang Seng Insurance Company Limited and you directly.

The benefits and/or returns mentioned throughout this material are not guaranteed and for illustrative purpose only. The actual future amounts of benefits and/or returns may be lower than or higher than the currently quoted benefits and/or returns. The policyholder is subject to the credit risk of “Hang Seng Insurance”. If the policyholder discontinues and/or surrenders this policy in early policy years, the amount of benefits you will get back may be considerably less than the total premiums you have paid. All details regarding policy surrender should be referred to the relevant policy provisions.