Hang Seng Bank : Insurance Launches Online Life Insurance Plan with Cancer Coverage (15 January 2018)

Hang Seng Insurance Launches

Online Life Insurance Plan with Cancer Coverage

Hang Seng Insurance Company Limited (Hang Seng Insurance) today launched the eCancerPro Insurance Plan (eCancerPro), its first life insurance plan available for purchase online. Customers who apply for the plan, which includes cancer coverage, will enjoy an enhanced service experience, with the ease and convenience of a simple digital application process.

eCancerPro is one of the few life insurance plans on the market that offers cancer coverage without the need for a waiting period, meaning customers will be covered as soon as their policy takes effect. Insured individuals can share all the benefits of their plan with one child below the age of 18 without additional underwriting or premium payments. Premiums are fixed for 10-year terms and the plan is renewable up to an insurance age of 80 regardless of the insured's health status.

Mr Wilson Tang, Head of Insurance at Hang Seng Bank, said:"Hang Seng strives toprovide customers with tailor-made health and wealth solutions through comprehensive product offerings and convenient service channels. The launch of eCancerPro-our first online life insurance product-reflects our ongoing efforts to enhance our digital offerings and provide more convenient services that meet the wealth management and lifestyle needs of our customers."

Key features of eCancerPro include:

• A convenient and easy application process. By following a few simple steps, customers can obtain a quotation, and apply and pay for the plan online-no medical examination or additional documentation is required.

• Three insurance coverage levels to suit the different needs of customers, providing both cancer and life protection.

• If the insured is diagnosed with early-stage cancer or carcinoma-in-situ, an advancement of 20% of the amount insured will be paid as a lump-sum, up to two claims can be made under the plan, giving the insured immediate flexibility.

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• No waiting period requirements. The insured will be covered as soon as the policy comes into effect.

• The ability to share all benefits with one child below the age of 18-no additional underwriting or premiums are required.

• Renewable up to an insurance age of 80 with fixed 10-year premium terms.

Hang Seng customers can submit their applications through the Hang Seng Bank website(www.hangseng.com/apply-ecancerpro)or call the eCancerPro hotline (2998 8038) to apply by phone or make enquiries.

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About Hang Seng Bank

Founded in 1933, Hang Seng Bank operates around 270 service outlets serving both personal and business customers. The Bank also maintains branches in Macau and Singapore, and a representative office in Taipei.

Established in May 2007, wholly owned subsidiary Hang Seng Bank (China) Limited is headquartered in Pudong, Shanghai, and operates a mainland China network with outlets in the Pearl River Delta, the Yangtze River Delta, the Bohai Rim Region and midwest China.

With total assets of HK$1,401 billion as at 30 June 2017, Hang Seng Bank reported a profit attributable to shareholders of HK$9,838 million for the first half of 2017. HangSeng Bank is a principal member of the HSBC Group, one of the world's largestbanking and financial services organisations. For further information on Hang Seng Bank, please visit the Bank's website atwww.hangseng.com.