Terms and Conditions of “Up to extra 10X +FUN Dollars / yuu Points – Exclusive Rewards for Hang Seng Olive Wellness App Members”
- The promotion period is from 1 October 2024 to 30 November 2024 (“Promotion Period”).
- This promotion is applicable to personal customers but not applicable to corporate customers of Hang Seng Bank Limited (“Hang Seng Bank”).
- To enjoy this promotion, policyholders are required to settle the premium by using their own Hang Seng Credit Card, Affinity Card, Commercial Card, Business Card or Spending Card, but excluding Hang Seng UnionPay Renminbi Diamond Commercial Card and Private Label Cards (“Eligible Credit Card”).
- This promotion is applicable to members of Hang Seng Olive Wellness App who have entered the registration page and successfully registered their Eligible Credit Card number and policy number or life insurance application form serial number (if applicable) via Hang Seng Olive only on or before 10 December 2024. (“Qualified Customer”).
- To enjoy the offer, Qualified Customer is required to successfully apply for a Designated Life Insurance Plan as policyholder at a Hang Seng Bank branch/via video remote application with their Eligible Credit Card and then successfully register their Eligible Credit Card number and policy number or life insurance application form serial number (if applicable) online during the Promotion Period. Qualified Customers can enjoy the offer as the policyholder for multiple different policies. The reward is only applicable to the first HKD50,000 of the initial premium paid by the registered Eligible Credit Card. For each policy, only the first registration will be eligible for the offer.
- “Eligible Application” refers to any successful application for a policy of any of the following life insurance plans (“Designated Life Insurance Plans”): EmbraceLife Insurance Plans, CompanionLife Insurance Plan, LifeBetter Critical Illness Life Insurance Plan, DragonPower Life Insurance Plan (regular premium payment only), PhoenixPower Life Insurance Plan (regular premium payment only), IncomePower Life Insurance Plan (regular premium payment only) and LegendPower Life Insurance Plan (regular premium payment only), and the relevant policy must also be successfully issued within 90 days after the date of the application. All Designated Life Insurance Plans are underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”). Hang Seng Bank is the authorised insurance agent of Hang Seng Insurance. Any applications for the Designated Life Insurance Plans with unposted/cancelled/refunded premium will not be qualified as Eligible Applications for the purposes of this promotion.
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Please refer to the below table for details of the maximum extra
+FUN Dollars Rebate / yuu Points. Hang Seng enJoy Visa Platinum
Card and Hang Seng enJoy Spending Card (“enJoy
Card”) customers are rewarded with yuu Points. Please
refer to relevant webpage of Hang Seng enjoy Card for the
details relating to yuu Points.
Designated Life Insurance Plans
Extra +FUN Dollars Rebate/yuu Points
Maximum extra +FUN Dollars Rebate (applicable to all Eligible Credit Card except Hang Seng enJoy Cards)
Maximum extra yuu Points (applicable to Hang Seng enJoy Cards)
EmbraceLife Insurance Plan
CompanionLife Insurance Plan
LifeBetter Critical Illness Life Insurance Plan
DragonPower Life Insurance Plan
(regular premium payment only)PhoenixPower Life Insurance Plan
(regular premium payment only)IncomePower Life Insurance Plan
(regular premium payment only)LegendPower Life Insurance Plan
(regular premium payment only)Hang Seng Olive VIP Gold / Silver Member
10X +FUN Dollars Rebate /yuu Points
The reward is only applicable to the first HKD50,000 of the initial premium paid by the registered Eligible Credit Card.
$2,000
+FUN Dollars Rebate
500,000 yuu Points
Hang Seng Olive Bronze Member
5X +FUN Dollars Rebate /yuu Points
The reward is only applicable to the first HKD50,000 of the initial premium
$1,000
+FUN Dollars Rebate
250,000
yuu Points
- The extra +FUN Dollars Rebate/ yuu Points will be credited into the Eligible Credit Card accounts on or before 31 May 2025. Such credit card accounts should remain valid and in good standing when the relevant +FUN Dollars Rebate / yuu Points are credited. Customer can log on to Hang Seng Personal e-Banking (if applicable) or call our 24-hour Hang Seng Credit Card Marketing Enquiry Hotline 2998 6899 to check the reward details.
- Spending amount is calculated based on a single credit card account.
- Extra +FUN Dollars Rebate / yuu Points will be calculated based on the amount of each individual Eligible Application. The +FUN Dollars reward / yuu Points rewarded will be rounded down to the nearest integer. Any +FUN Dollars reward of less than $1 +FUN Dollar / yuu Points less than 1 point will not be rewarded.
- Use of +FUN Dollars is subject to the terms and conditions of Hang Seng Credit Card Membership Rewards Programme. For details, please call our 24-hour Hang Seng Credit Card Marketing Enquiry Hotline 2998 6899. For redemption of yuu Points, Qualified Customers have to link the enJoy Card to the relevant reward points programme, subject to the terms and conditions of Hang Seng enJoy Card Reward Points Programme, please call our 24-hour Hang Seng Credit Card Marketing Enquiry Hotline 2998 6899 for details.
- No alteration or cancellation can be made to the registration, and all rewarded +FUN Dollars Rebate / yuu Points cannot be transferred or converted into cash under any circumstances.
- Only policyholder(s) whose policy(ies) of the Designated Life Insurance Plans is/are still effective on or before 31 March 2025 and before the extra +FUN Dollars Rebate /yuu Points fulfillment will be eligible for the extra +FUN Dollars Rebate /yuu Points, subject to all the terms herein.
- Any transactions which are eventually cancelled / returned or found to be fraudulent will be considered as ineligible transactions which are not applicable to this promotion and extra reward will not be rewarded.
- This promotion is jointly offered by Hang Seng Bank and Hang Seng Insurance. In case of any discrepancy arising out of the promotion, the decision of Hang Seng Bank and Hang Seng Insurance shall be final and conclusive.
- Hang Seng Bank reserves the right to vary or convert +FUN Dollars Rebate / yuu Points to other forms of rewards (including but not limited to points or cash reward) equivalent to the same values / amounts / earnings ratio of the +FUN Dollars to eligible customers from time to time without prior notice.
- This offer can be used in conjunction with other Life Insurance Plans’ +FUN Dollars Rebate / yuu Points offers, excluding Hang Seng Bank staff privileges.
- No person other than the customer, Hang Seng Bank and Hang Seng Insurance (which includes their successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these Terms and Conditions.
- Hang Seng Bank and Hang Seng Insurance reserve the right of final decision on all matters relating to the above offers, which shall be binding on all the parties concerned. In case of any dispute, the decision of Hang Seng Bank and Hang Seng Insurance shall be final.
- This promotional material forms part of the relevant insurance contract upon successful application for Designated Life Insurance Plan and will be sent together with the policy pack to policyholder upon successful application.
- These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
- These Terms and Conditions are subject to prevailing regulatory requirements.
- In case of any discrepancy between the English and Chinese versions of the terms and conditions, the English version shall prevail.
To borrow or not to borrow? Borrow only if you can repay!
The above information is a product summary of information for reference only. 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 relevant Selected Life Insurance Plans. Please refer to the product brochures for the relevant product risks.
The above Selected Life Insurance Plans are 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.