Notes to customers:
  • Part of the premium pays for the insurance and related costs.
  • If you are not happy with your policy, you have a right to cancel it within the cooling off period and obtain a refund of any premiums paid (less any market value adjustment which the insurer has the right to apply in the case of non-linked single premium life insurance policies). A written notice signed by you should be received by the insurer's Hong Kong Main Office within the cooling off period (that is, 21 days after the delivery of the policy or issue of a notice (informing you or your representative about the availability of the policy and expiry date of the cooling off period), whichever is the earlier). After the expiration of the cooling off period, if you cancel, the policy before the end of the term, the projected total cash value may be less than the total premium you have paid.
  • Life insurance products are not equivalent to or alternatives of time deposits. They are not protected deposits, and are not protected by the Deposit Protection Scheme in Hong Kong.
Insurance and Deposit Promotion
 
 
  Enjoy comprehensive insurance protection as well as fabulous offers for New Funds deposit! From now until December 31, 2017, customers who successfully apply for designated insurance plan1 and open designated HKD/USD Savings account2 at the same time can enjoy the following offers:  
 
Cash Rebate Offer

Deposit New Funds and maintain average balance in Designated Savings Account2 within Designated Period to enjoy premium cash reward up to 1.68% for the first year.

Average Balance of
new fund (HKD/USD)
Designated Period Reward
Equivalent to First Year
Premium Amount
8 to 10 calendar months
within Designated Deposit Period3
Equivalent to 1.08% of
1st year premium amount
11 to 12 calendar months
within Designated Deposit Period3
Equivalent to 1.68% of
1st year premium amount
 
 
Bonus Interest Rate Offer

Deposit New Funds and maintain the average balance of extra New Funds which is exceeded the first year premium equivalent amount in Designated Savings Account2 to enjoy 0.30%4 (p.a.) Savings Bonus Interest Rate!

 
 
Auto Pay Transactions Offer

Enjoy extra HK$50 Cash Reward5 for paying the premium for the above Designated Insurance Plan
by setting up Auto Payment Service!

 
  Learn more from our staff now to enjoy
comprehensive protection and earn fabulous reward!
 
 
Share :
 
   
  Enquiry Hotline : 2903 8303  
 
1Designated insurance plan includes various types of insurance products and settle 1st year premium, please contact our staff for more details.
2Please refer to the terms and conditions for the Designated Saving Account details.
3Designated Deposit Period means first 12 calendar months after open Designated Saving Account.
4The Bonus Interest Rate is for reference only and is not guaranteed. The Bonus Interest Rate will be subject to review according to changes in market conditions from time to time, the Bank reserves the right to change the Bonus Interest Rate at any time. Please contact our staff for details.
5Eligible Customer can enjoy HKD50 or USD7 cash reward.
The above offers are subject to the related terms and conditions. please refer to the relevant terms and conditions below or contact our staff for details.
 
 
Terms & Conditions
Terms and Conditions of Insurance and Deposit Promotion (the “Promotion”)
  1. The promotion period is from September 18, 2017 to December 31, 2017 (both dates inclusive) ("Promotion Period").
  2. The Promotion is only applicable to personal customer who fulfills the following requirements (“Eligible Customer”) :
    1. Successfully enrolled in a new designated regular premium insurance plan (“Designated Insurance Plan”) through China Construction Bank (Asia) Corporation Limited (“Bank”) and made the 1st year premium payment of the Designated Insurance Plan; and
    2. successfully opened a new designated HKD/USD Savings account (“Designated Savings Account”) at the same time during the Promotion Period; and
    3. successfully made payment of the 2nd year’s premium through the Bank.
    The Bank reserves the right to determine the eligibility of selected customers to this Promotion.
  3. Eligible Customer is entitled to enjoy the following Cash Rebate Offer and/or Bonus Interest Rate Offer and/or Auto Pay Transaction Offer (as defined below) if the following requirements are fulfilled (“Offers”):
    1. To enjoy corresponding Cash Rebate Offer (“Cash Rebate Offer”),
      1. Eligible Customer must deposit the new funds equivalent to 1st year premium payment amount of the Designated Insurance Plan (“New Funds”) to the Designated Savings Account; and
      2. maintain the average balance of New Funds within the designated period as designated in the table below during the first 12 months from the Designated Savings Account opening month(“Designated Deposit Period”).
    2. To enjoy an additional 0.30%* p.a. bonus interest rate (“Bonus Interest Rate Offer”),
      1. Eligible Customer must deposit an extra amount of New Funds which is on top of the New Funds as defined in 3i(a) (“Extra New Funds”) in any calendar month within the Designated Deposit Period; and
      2. maintain the average balance of Extra New Funds in any calendar month within the designated period as stated in the table below.
        Offers Average Balance
        (HKD / USD)
        Designated Period Reward
        Cash Rebate Offer Equivalent to 1st year premium amount 8 to 10 calendar months within the Designated Deposit Period Equivalent to 1.08% of 1st year premium amount
        11 to 12 calendar months within the Designated Deposit Period Equivalent to 1.68% of 1st year premium amount
        Bonus Interest Rate Offer Extra New Funds Any calendar month within the Designated Deposit Period 0.30%* p.a. Bonus Interest Rate^ (Bonus interest capped at HKD 3,000 or USD400)
        *The Bonus Interest Rate is for reference only and is not guaranteed. The Bonus Interest Rate will be subject to review according to changes in market conditions from time to time, the Bank reserves the right to change the Bonus Interest Rate at any time. Please contact our staff for details.
        ^The bonus interest will be calculated on monthly basis as below:
        (Average Balance of Designated Savings Account in that month within Designated Deposit Period – 1st year premium amount or equivalence) x Bonus Interest Rate x No. of days in that month ÷ No. of the days in a year (365 days for HKD or 360 days for USD). The Bank reserves the rights of final decision on the calculation of the bonus interest
    3. To enjoy the HKD50 or USD7 cash reward of Auto Pay Transaction Offer once (“Auto Pay Transaction Offer”):
      1. Eligible Customer must successfully set up a new Auto Pay Transaction Service to pay the premium for the Designated Insurance Plan with the Designated Savings Account during the Promotion Period:
        Designated Savings Account Currency of the Designated Insurance Plan Premium Auto Pay Transactions Service Set Up Channel Reward
        HKD Account HKD Direct Debit Authorization Payment Service Through branches or relevant merchants HKD50
        USD Account USD Payment Standing Instruction# Through branches USD7
        #Waivers for set-up fee and periodical payment fee apply to this Payment Standing Instruction.
  4. New Funds and Extra New Funds shall be in form of cash, check, cashier order or funds transferred from other banks or financial institutions to the Designated Savings Account (cash withdrawn, funds transferred or funds converted from any account within the Bank will not be counted).
  5. Average balance of New Funds and Extra New Funds is calculated based on the daily account balance (excluding the balance in the decimal places) of Eligible Customer’s Designated Savings Account in each calendar month within the Designated Deposit Period. The Bank reserves the right to calculate the average balance based on the Bank’s system record, in case of any dispute, the Bank’s decision shall be final and binding.
  6. The rewards of the Cash Rebate Offer and Bonus Interest Rate Offer (in the form of cash reward and according to the currency of Designated Savings Account) will be credited to the Designated Savings Account on or before the 16th calendar month following the Designated Savings Account opening month. The Eligible Customer must i) maintain the valid Designated Savings Account and Designated Insurance Plan and ii) successfully paid the 2nd year’s premium of the Designated Insurance Plan at the time of crediting the rewards. Otherwise, the corresponding rewards will be forfeited and will not be provided to the Eligible Customer through any other means.
  7. The cash reward of Auto Pay Transaction Offer will be credited to Eligible Customer’s valid Designated Savings Account with successful Auto Pay Transaction Service set up on or before March 31, 2018 in the same currency. The Eligible Customer must maintain as the Bank’s valid customer and the relevant Auto Pay Transaction Service must remain valid at the time of receipt of the respective Offer. Otherwise, the corresponding cash reward will be forfeited and will not be provided to the Eligible Customer through any other means.
  8. The currency of the Designated Savings Account and Designated Insurance Plan must be the same.
  9. If the customer cancels the policy during the cooling off period or the application is not accepted, customer is not eligible to the Offers.
  10. Please contact our staff to obtain the details of Designated Insurance Plans which may be subject to changes from time to time.
  11. Each Eligible Customer shall enjoy each Offers once only and the Offers cannot be used in conjunction with any other offers; if more than one account holder is involved, only the primary account holder will be eligible for the Offer.
  12. The Bank reserves the right to suspend, vary, modify and terminate any of the following offers and to amend any of these terms and conditions from time to time. In case of disputes, the decision of the Bank shall be final and binding.
  13. The Program is only applicable to personal customers and not applicable to staff of the Bank and the Bank’s affiliates, Private Banking customers and Capital Investment Entrant Scheme customers of the Bank.
  14. If there is any inconsistency or conflict between the English and Chinese versions of these Terms and Conditions, the English version shall prevail.
 
  Risk Disclosure
Please note that all investment involves risk. You should not purchase any insurance plan unless you understand the associated risks and you are willing to accept those risks. China Construction Bank (Asia) is an insurance agent authorized by AIA International Limited, FWD Life Insurance Company (Bermuda) Limited, China Taiping Insurance (HK) Company Ltd. and QBE Hongkong & Shanghai Insurance Limited. This webpage is not a contract of insurance and is for reference only. The specific details, terms and conditions applicable to all insurance plan are set out in respective Insurance Policies to be issued by different insurance companies. You should not apply for any of the insurance policies based on the above information alone. You should read the individual policy details and terms and conditions to assure it meets your personal needs.

Insurance
Customers should read and understand the details of the insurance plan(s) (including but not limited to exact terms, conditions, coverage and exclusions) before any enrollment to assure the insurance products meet their personal needs. The above information is not a contract of insurance and is for your reference only. The specific details, terms and conditions applicable to the insurance are set out in respective insurance policy to be issued by the relevant insurance company. Policyholders are subject to the credit risk of insurance companies. For life insurance products, an insurance plan may comprise a savings element. Part of the premium pays for the insurance and related costs. If you are not happy with your policy, you have a right to cancel it within the cooling off period and obtain a refund of any premiums paid. A written notice signed by you should be received by the insurer's Hong Kong Main Office within the cooling off period (that is, 21 days after the delivery of the policy or issue of a notice (informing you/your representative about the availability of the policy and expiry date of the cooling off period), whichever is the earlier). After the expiration of the cooling off period, if you cancel the policy before the end of the term, the projected total cash value may be less than the total premium you have paid.

Additional Disclosures
(1) China Construction Bank (Asia) Corporation Limited (the “Bank”) is an authorized distributor / an agent of the relevant product issuer and the concerned product is a product of such product issuer but not the Bank (Not applicable to products issued by the Bank); and
(2)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 the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved directly between the product issuer and the customer.
This webpage is issued by China Construction Bank (Asia) Corporation Limited, and has not been reviewed by the SFC or any other regulatory authorities in Hong Kong.
 
 


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