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Swiss Prime Savings Insurance Plan

Last checked

At a glance

Insurer
Zurich Life Insurance (Hong Kong) Limited
Product category
Participating savings
Policy currencies
USD
Premium payment terms
Premium payment terms (2)
Premium payment terms
2 years
5 years
Issue ages & basis
Issue ages & basis (1)
Issue ages & basis
Recorded informationPremium payment terms / Age basis
1 year to 76 years
Age basis: Age next birthday
Minimum premium & basis
USD 4,000 / Annual / 5-year: USD 4,000 annually / 360 monthly; 2-year: USD 10,000 annually / 900 monthly.
  • Guaranteed cash value / non-guaranteed terminal bonus; bonus lock-in, policy split and insured changes have conditions.
Product enquiry via a licensed Hong Kong brokerCompare with similar plans

Decision sheet

11 of 13 known · 2 not published · 0 not yet checked
What it pays and when

Benefit term: To age 128 / Policy anniversary immediately before the latest life insured’s 128th birthday.Public source · Checked:

Recorded features: Guaranteed cash value / non-guaranteed terminal bonus; bonus lock-in, policy split and insured changes have conditions.Public source · Checked:

Benefit limits

Terminal Bonus Lock-in transfers have a current 1% minimum and 10% maximum per application, with an aggregate 40% limit per policy; the insurer may change these percentages.Public source · Checked:

Premium and payment term

Premium payment terms: 2 years / 5 yearsPublic source · Checked:

Minimum premium & basis: USD 4,000 / Annual / 5-year: USD 4,000 annually / 360 monthly; 2-year: USD 10,000 annually / 900 monthly.Public source · Checked:

Two-year payment minimums are USD10,000 annually or USD900 monthly; five-year minimums are USD4,000 annually or USD360 monthly. Issue ages are 1–76 next birthday.Public source · Checked: Public source · Checked:

How premiums can change

The product table describes premiums as level and guaranteed.Public source · Checked:

Guaranteed / non-guaranteed

Guaranteed cash value / non-guaranteed terminal bonus; bonus lock-in, policy split and insured changes have conditions.Public source · Checked:

Waiting periods
not publishedDocuments checkedPublic source · Checked:
Main exclusions

With no contingent life insured assigned, suicide within one year of the later issue or reinstatement date limits liability to premiums without interest, less amounts paid and policy debt.Public source · Checked:

Surrender / cancellation

Surrender value comprises guaranteed cash value, non-guaranteed Terminal Bonus and any lock-in account balance, less policy indebtedness.Public source · Checked:

Cooling-off

Cancellation notice must reach the insurer within 21 calendar days after delivery of the policy or its availability/cooling-off notice, whichever is earlier; follow the brochure’s written-notice requirements. For basic cover only; rider cancellation follows the attached policy.Public source · Checked:

Riders
not publishedDocuments checkedPublic source · Checked:
Claims steps

Insurer claims guide · Savings surrender / withdrawal

Savings surrender / withdrawal — Steps: Use the policy encashment form for maturity/surrender/withdrawal.Public source · Checked:

Savings surrender / withdrawal — Required documents: Signed form, certified permanent HKID, valid passport for foreign nationals and bank account proof; complete the form’s tax information.Public source · Checked:

Savings surrender / withdrawal — Submission channels: Follow the services page’s online/mail designation; requests requiring originals go by post. Assistance: +852 2968 2383.Public source · Checked:

Savings surrender / withdrawal — Overseas claims / servicing: Bank in policyholder/assignee residence region only; no cross-border payment. Supply bank name, account, address and SWIFT BIC.Public source · Checked:

Savings surrender / withdrawal — Payment methods: Designated local bank account for Hong Kong/Mainland residents, or an eligible overseas bank account.Public source · Checked:

Savings surrender / withdrawal — Assessment / payment timing: Maturity encashment is processed after maturity; no fixed processing-day count is stated.Public source · Checked:

Policy servicing from abroad

OneZurich provides policy enquiries, transaction history, fund switching/redirection and e-documents.Public source · Checked:

For an address outside Hong Kong, use the life enquiry form to request an address change.Public source · Checked:

Feedback: enquiry form; acknowledge in 1 working day, reply target 5 (simple) or 15 (other); extension updates every 2 weeks.Public source · Checked:

Postal claims address: Life Claims Department, 26/F, One Island East, 18 Westlands Road, Island East, Hong Kong.Public source · Checked:

Death claims: estate evidence means administration if no beneficiary/no will, or probate if a will; address proof within 3 months.Public source · Checked:

Regular withdrawal may reduce values/benefits; designated plans lose basic life/CI cover. Remittance charges are deducted.Public 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 (5)

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

  1. What waiting periods apply?
  2. Which riders are available, and what are their costs and terms?
  3. Can you provide the key facts statement and policy provisions for this product?
  4. What is the cooling-off period, and how do I cancel during it?
  5. 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:

Swiss Protect Term Insurance Plan

Goals and audience categories described by product type

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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 4
Policy currencies

USD

Source 4
Premium payment terms

2 years

5 years

Source 4
Benefit term

To age 128 / Policy anniversary immediately before the latest life insured’s 128th birthday.

Source 4
Issue ages & basis
Issue ages & basis
Recorded informationPremium payment terms / Age basis
1 year to 76 years
Age basis: Age next birthday
Source 4
Minimum premium & basis

USD 4,000 / Annual / 5-year: USD 4,000 annually / 360 monthly; 2-year: USD 10,000 annually / 900 monthly.

Source 4
Recorded features

Guaranteed cash value / non-guaranteed terminal bonus; bonus lock-in, policy split and insured changes have conditions.

Source 1
Names in other languages
English
Swiss Prime Savings Insurance Plan
繁體中文
瑞盈儲蓄保險計劃
简体中文
瑞盈储蓄保险计划

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

Sources & verification dates

Sources & verification dates

Checked:

  1. Swiss Prime Savings Insurance Plan — official product page (en)

    Source date: Not confirmed

  2. 瑞盈儲蓄保險計劃 — official product page (zh-hant)

    Source date: Not confirmed

  3. 瑞盈储蓄保险计划 — official product page (zh-hans)

    Source date: Not confirmed

  4. Swiss Prime Savings Insurance Plan — public brochure

    Source date: Not confirmed / Page: 11