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HSBC Luminous Global Insurance Plan

Last checked

At a glance

Insurer
HSBC Life (International) Limited
Product category
Participating savings
Policy currencies
USD
Premium payment terms
5 years
Issue ages & basis
Issue ages & basis (1)
Issue ages & basis
Recorded informationPremium payment terms / Age basis
15 days to 75 years
Age basis: Not confirmed
Minimum premium & basis
USD 200,000 / Annual / Applicable option / payment term: USD policy before currency diversification.
  • Death benefit is subject to the policy terms.
  • Guaranteed cash value follows the policy schedule.
  • Dividends or bonuses may include non-guaranteed amounts.
Product enquiry via a licensed Hong Kong brokerCompare with similar plans

Decision sheet

9 of 13 known · 4 not published · 0 not yet checked
What it pays and when

Benefit term: To age 99Public source · Checked: Public source · Checked:

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: Public source · Checked:

Benefit limits
not publishedDocuments checkedPublic source · Checked:
Premium and payment term

Premium payment terms: 5 yearsPublic source · Checked: Public source · Checked:

Minimum premium & basis: USD 200,000 / Annual / Applicable option / payment term: USD policy before currency diversification.Public source · Checked: Public source · Checked:

The brochure defines relevant insurance ages by age next birthday.Public source · Checked:

How premiums can change

The Unemployment Benefit can extend the premium-payment grace period to up to 365 days, subject to the stated eligibility and benefit conditions.Public source · Checked:

Guaranteed / non-guaranteed

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

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

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

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

Waiting periods
not publishedDocuments checkedPublic source · Checked:
Main exclusions

Suicide within one year of the latest applicable date specified in the suicide clause limits death benefit to premiums paid less amounts already paid by the insurer. Reinstatement and, where specified, insured changes affect the start date.Public source · Checked:

Surrender / cancellation

After the cooling-off period, cancellation before the end of the term may return less than total premiums paid.Public source · Checked:

Cooling-off

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

The cooling-off period is 21 calendar days after delivery of the policy or cooling-off notice, whichever is earlier. Signed written cancellation is required; the stated refund conditions and adjustments apply.Public source · Checked:

Riders
not publishedDocuments checkedPublic source · Checked:
Claims steps

Insurer claims guide · Savings surrender / withdrawal

Savings surrender / withdrawal — Steps: Download, complete and sign the surrender / cancellation or policy-value withdrawal form, then submit online.Public source · Checked:

Savings surrender / withdrawal — Required documents: Request for Life Policy Surrender / Cancellation; Application for Policy Value Withdrawal / Policy Loan.Public source · Checked:

Savings surrender / withdrawal — Submission channels: The forms page provides online Submit form links for surrender and policy-value withdrawal.Public source · Checked:

Policy servicing from abroad
not publishedDocuments checkedPublic source · Checked:
Complaints and dispute routes

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

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:

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:

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:

Known means partial sourced information. Not published refers to checked documents. Unchecked details do not imply no cover or restrictions.

Questions to ask before buying

Questions to ask before buying (7)

Ask the insurer or a licensed Hong Kong broker. These questions do not imply that cover or restrictions exist.

  1. What benefit limits apply?
  2. What waiting periods apply?
  3. Which riders are available, and what are their costs and terms?
  4. How can I service the policy from abroad, and what restrictions apply?
  5. Can you provide the key facts statement and policy provisions for this product?
  6. What is the cooling-off period, and how do I cancel during it?
  7. Which benefits and values are guaranteed, and which are not?
How the value of this kind of plan works

How the value of this kind of plan works

Read this before any illustration. It describes these plans in general; the policy contract decides.

Guaranteed part
Guaranteed cash value is specified in the contract. Early values are usually low; non-guaranteed values may change.
Non-guaranteed part
Dividends and bonuses depend on the insurer’s results and can be cut. Fulfillment ratios show past payouts.
Stopping early
Early surrender usually returns less than premiums paid. The break-even year depends on the individual illustration.
Currency
Values are paid in the policy currency. If you spend in another currency, exchange rates can add to or erase the return.
Belongs to

Belongs to

Similar products share a type, currency and premium term band. Clusters describe published features, not suitability or ranking.

More product information from this insurer:

HSBC Wealth Goal Insurance Plan III

Goals and audience categories described by product type

Insurers (14)
Similar products from other insurers

Similar products from other insurers

Comparison groups

Comparison groups

All published facts

All published facts

FieldRecorded information
Product category

Participating savings

Source 1Source 4
Policy currencies

USD

Source 1Source 4
Premium payment terms

5 years

Source 1Source 4
Benefit term

To age 99

Source 1Source 4
Issue ages & basis
Issue ages & basis
Recorded informationPremium payment terms / Age basis
15 days to 75 years
Age basis: Not confirmed
Source 1Source 4
Minimum premium & basis

USD 200,000 / Annual / Applicable option / payment term: USD policy before currency diversification.

Source 1Source 4
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.

Source 1Source 4
Policy currency switch

USD at issuance; currency diversification may add USD, CNY, HKD, GBP, CAD, AUD, EUR, SGD, NZD or MOP, subject to availability and conditions.

Source 1
Guaranteed / non-guaranteed components

Guaranteed cash value follows the policy schedule.

Source 5
Dividend / bonus types

Dividends or bonuses may include non-guaranteed amounts.

Source 6
Names in other languages
English
HSBC Luminous Global Insurance Plan
繁體中文
滙瀚環球盛世保險計劃
简体中文
汇瀚环球盛世保险计划

Verified names follow insurer labels. Unconfirmed translations use English for navigation.

Sources & verification dates

Sources & verification dates

Checked:

  1. HSBC Luminous Global Insurance Plan — official product page

    Source date: Not confirmed

  2. HSBC Luminous Global Insurance Plan — official product page

    Source date: Not confirmed

  3. HSBC Luminous Global Insurance Plan — official product page

    Source date: Not confirmed

  4. HSBC Luminous Global Insurance Plan — official brochure

    Source date: Not confirmed

  5. HSBC Luminous Global Insurance Plan — official brochure

    Source date: Not confirmed / Page: 55

  6. HSBC Luminous Global Insurance Plan — official brochure

    Source date: Not confirmed / Page: 92