MyWealth Savings Insurance Plan 2 (Prestige)

Benefit term: To age 128Public source · Checked: 13 Oct 2026Public source · Checked: 13 Oct 2026

Recorded features: Death benefit is subject to the policy terms. / Guaranteed cash value follows the policy schedule. / Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: 13 Oct 2026

The premium-waiver maximum is USD350,000 per insured, subject to the applicable payment term and benefit conditions.Public source · Checked: 13 Oct 2026

Premium payment terms: 5 years / 10 yearsPublic source · Checked: 13 Oct 2026Public source · Checked: 13 Oct 2026

Minimum premium & basis: USD 1,000 / Annual / For the 10-year premium payment term.Public source · Checked: 13 Oct 2026Public source · Checked: 13 Oct 2026

An approved Premium Holiday suspends premium payments; the selected payment period determines the permitted duration, and dividend declarations or payments pause as stated in the brochure.Public source · Checked: 13 Oct 2026

Guaranteed / non-guaranteed components: Guaranteed cash value follows the policy schedule.Public source · Checked: 13 Oct 2026

Dividend / bonus types: Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: 13 Oct 2026

Guaranteed cash value follows the policy schedule.Public source · Checked: 13 Oct 2026

Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: 13 Oct 2026

For Waiver of Premium Benefit and Payor Benefit, illness-related death or total permanent disability has a two-year waiting period; accident-related events have immediate protection.Public source · Checked: 13 Oct 2026

The suicide provision limits payment to a premium refund within the specified one-year exclusion period, less the policy withdrawals, benefits and indebtedness listed in that clause. Insured changes have separate provisions.Public source · Checked: 13 Oct 2026

Early surrender may return less than the premiums paid.Public source · Checked: 13 Oct 2026

The document states a 21-day cooling-off period; cancellation and refund conditions apply.Public source · Checked: 13 Oct 2026

A signed written cancellation must be submitted within 21 calendar days after delivery of the policy or cooling-off notice, whichever is earlier, to obtain a refund of premium and levy.Public source · Checked: 13 Oct 2026

Insurer claims guide · Savings surrender / withdrawal

Savings surrender / withdrawal — Required documents: The Policy Change form requires a Surrender Form to terminate a basic plan; full submission / payment steps are not established here.Public source · Checked: 13 Oct 2026

1. First contact the insurer through its published complaint channel; retain its written reply.Public source · Checked: 12 Oct 2026

2. Insurance Authority: submit the signed complaint form with supporting documents by email, post or fax. It handles insurer/intermediary conduct; it cannot adjudicate claim disputes or order compensation. Eligible claim disputes can go directly to ICB; an IA referral requires the complainant’s consent.Public source · Checked: 13 Oct 2026

3. Insurance Complaints Bureau: eligible monetary disputes under personal policies with member insurers, up to HK$1,500,000. A policyholder, beneficiary, insured or rightful claimant must file within six months of notification of the insurer’s final decision. Industrial, commercial and third-party insurance and cases undergoing or having completed litigation/arbitration are excluded. Non-claim complaints exclude service quality, underwriting decisions, investment performance and levels of fees, premiums, charges or interest. Similar rejected claims across policies are aggregated; periodic/long-tail claims use a five-year total.Public source · Checked: 13 Oct 2026

ICB accepts written complaints by post, fax or email using its complaint form. Include policy and application documents, claim form, relevant evidence and the insurer’s final written decision; no reception counter service.Public source · Checked: 13 Oct 2026