Life insurance is a purchase that provides protection (a lump sum payment). You make payments to an insurer, and in return they provide a protection amount if the life insured passes away while the plan is in force. 

Term life insurance plans are purchased for a specific time period, such as 5, 10 or 15 years. It offers benefits if death occurs during the protection period. WeCare TL1 is a term life insurance plan. 

Most whole life insurance plans in Hong Kong provide death benefits as well as a cash value accumulation that builds during the life of the policy. Some of your premium payment will be diverted to the cash value account and does not factor into your insurance protection. This means that in order to get the same amount of protection as a term life insurance plan, you will have to pay more. 

You may consider purchasing life insurance because the protection amount can be used to help provide financial security for your loved ones if you pass away. It can be used in many ways, such as to help pay off a mortgage or rent, school fees, or buy food or clothing. 

Life is dynamic and changes quickly. We recognise that and have created a product that you can easily change when your life does. 

We want to make sure that you have the most appropriate coverage for your needs. As such we will allow you to choose your protection period, payment period and protection amount, and you can change them at no cost and even get back a portion of what you pay (if any). 

Our flexibility means that you can be rest assured with knowing that if your personal circumstances change, your plan can be customised to match them. 

For more details, please refer to our Product Summary. 

A Hong Kong identity card holder with a residential address in Hong Kong. 

You may get some money back if you make a plan change, terminate your policy, or you fail to pay a premium resulting in policy termination. A simple way to think of the calculation is: how much you have paid less the risk to us of covering you. Please click here for full details and examples. 

Tailoring the plan is simple and we have broken it down into three questions to ask yourself: 

Remember, with WeCare TL1, you can always adjust the key aspects of your plan should anything new arise. Now you are all set to choose a plan that gives you the protection you need! 

You can click here to get a quotation and purchase a policy.

¹ For details, please click here. ² For details, please refer to the Product Summary and Policy Provisions.  ³ For details, please refer to the Product Summary and Policy Provisions. 

Remarks:

Premium shown is for a Hong Kong non-smoking female aged 18, with a Sum Assured of HK$250,000 with a yearly renewable term. The daily cost of HK$0.22 is achieved by spreading the annual premium (HK$80) for these conditions over a 12-month period.

1. “Upgraded Offer: Up to 50% off for First-Year Premium on Selected WeCare Series Protection Plans Promotion” entitles applicants to enjoy up to 50% off the first-year premium of the policy upon successful application of “WeCare Term Life Protection Plan 1”, “WeCare Term Life Protection Plan 2”, “WeCare Critical Illness Protection Plan 1” and/or “WeCare Personal Accident Protection Plan 1” (“Selected Plans of WeCare Series”) between May 25, 2022 and June 30, 2022 (“Promotion Period of the Upgraded Offer”), subject to a maximum first-year premium discount of HK$2,500 per policy (“Upgraded Offer”).

2. To be eligible for Upgraded Offer, applicant must successfully complete the application and payment for Selected Plans of WeCare Series, using the designated promo code through the Company’s website within the Promotion Period of the Upgraded Offer (the "Eligible Application").

3. Upgraded Offer is subject to limited quota for the first 1,000 Eligible Application within the Promotion Period.

4. Upgraded Offer is only applicable to the premium during the first policy year of Selected Plans of WeCare Series where the premium is paid annually. Automatic renewal will be applied at policy anniversary. The policyholder is required to pay the premium at the original premium upon policy renewal.

5. Each applicant of the Upgraded Offer can apply for Selected Plans of WeCare Series under the Upgraded Offer for up to 4 times only.

6. The “WeCare Term Life Protection Plan 1” applied under Upgraded Offer, its sum assured is not adjustable before the first policy anniversary.

7. Under the Upgraded Offer, the premium paid will not be refunded if the policy of Selected Plans of WeCare Series is cancelled during the first year of the policy, except for reason under clause 8.

8. If the policyholder cancels the policy of Selected Plans of WeCare Series within the cooling-off period (21 Calendar Days), the Company will only refund the policyholder the actual premium paid under the Upgraded Offer.

9. The Upgraded Offer cannot be transferred, sold or exchanged for cash or its equivalent. The Upgraded Offer could be invalid if any applicant violates this clause.

10. All policy provisions of Selected Plans of WeCare Series remain unchanged. Please see the policy provisions for details.

11. The total premium includes insurance levy to be collected by the Insurance Authority.

12. The Upgraded Offer is only applicable to policies issued in Hong Kong.

13. The Company reserves the right to amend the terms and conditions of the Upgraded Offer or discontinue them at any time without prior notice.

14. The above information is for general reference only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of the Company. Details of the coverage of Selected Plans of WeCare Series are subject to the policy provisions stipulated in the policy by the Company.

15. The Upgraded Offer is subject to these terms and conditions. The Company has the right to reject any applications and if there are any disputes, the Company's decision is final and conclusive.

16. Should there be any discrepancy between the English and Chinese versions, the English version shall prevail.

1. “Blue’s Staff Offer 2022: up to 90% off for First Year Premium on Selected WeCare Series Protection Plans Promotion” entitles applicants to enjoy up to 90% off the first year premium of the policy upon successful application of “WeCare Term Life Protection Plan 1”, “WeCare Term Life Protection Plan 2” , “WeCare Critical Illness Protection Plan 1” and/or “WeCare Personal Accident Protection Plan 1” (“Selected Plans of WeCare Series”) within the Promotional Period, subject to a maximum first-year premium discount of HK$2,500 per policy (“Promotion”).

2. This Promotion is available from now until 30 June 2022 (inclusive) (“Promotional Period”). To be eligible for this Promotion, applicant must successfully complete the application and payment for Selected Plans of WeCare Series, using the designated promo code through the website of Blue Insurance Limited (the “Company”) within the Promotional Period (the "Eligible Application").

3. This Promotion is subject to limited quota for the first 500 Eligible Applications within the Promotional Period.

4. This Promotion is only applicable to the premium during the first policy year of Selected Plans of WeCare Series where the premium is paid annually. Automatic renewal will be applied at policy anniversary. The policyholder is required to pay the premium at the original premium upon policy renewal.

5. Each applicant of the Promotion can apply for Selected Plans of WeCare Series under this Promotion for up to 4 times only.

6. The “WeCare Term Life Protection Plan 1” applied under this Promotion, its sum assured is not adjustable before the first policy anniversary.

7. Under this Promotion, the premium discount will not be refunded if the policy of Selected Plans of WeCare Series is cancelled during the first year of the policy, except for reason under clause 8.

8. If the policyholder cancels the policy of Selected Plans of WeCare Series within the cooling-off period (21 Calendar Days), the Company will only refund the policyholder the actual premium paid under the Promotion.

9. This Promotion cannot be transferred, sold or exchanged for cash or its equivalent. This Promotion could be invalid if any applicant violates this clause.

10. All policy provisions of Selected Plans of WeCare Series remain unchanged. Please see the policy provisions for details.

11. The total premium includes insurance levy to be collected by the Insurance Authority.

12. You are not authorized to act as the Company’s insurance agent. You are not authorized to advise nor arrange the purchase of any life insurance plan nor provide any sales support to your family/ friend(s). Your family/ friend(s) should not rely on any information, recommendation or advice provided by you in making a purchase decision.

13. You shall not in any way hold yourself as an agent/ or an insurance intermediary of Blue. You should not hold yourself as advising, negotiating, arranging, inviting, inducing nor attempting to invite nor induce your family/ friend(s) to enter into an insurance contract nor to make an application for an insurance contract. You must not conduct any regulated activities as defined under the Insurance Ordinance (Cap. 41).

14. This Promotion is only applicable to policies issued in Hong Kong.

15. The Company reserves the right to amend the terms and conditions of this Promotion or discontinue them at any time without prior notice.

16. The above information is for general reference only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of the Company. Details of the coverage of Selected Plans of WeCare Series are subject to the policy provisions stipulated in the policy by the Company.

17. This Promotion is subject to these terms and conditions. The Company has the right to reject any applications and if there are any disputes, the Company's decision is final and conclusive.

18. Should there be any discrepancy between the English and Chinese versions, the English version shall prevail.

1. Promotion 3 entitles applicants to enjoy up to 90% off the first year premium of the policy upon successful application of “WeCare Term Life Protection Plan 1”, “WeCare Term Life Protection Plan 2” , “WeCare Critical Illness Protection Plan 1” and/or “WeCare Personal Accident Protection Plan 1” (“Selected Plans of WeCare Series”) within the Promotion Period, subject to a maximum first-year premium discount of HK$2,500 per policy.

2. To be eligible for Promotion 3, applicant must successfully complete the application and payment for Selected Plans of WeCare Series, using the designated promo code through the Company’s website within the Promotion Period (the "Eligible Application").

3. Promotion 3 is subject to limited quota for the first 1,000 Eligible Application within the Promotion Period.

4. Promotion 3 is only applicable to the premium during the first policy year of Selected Plans of WeCare Series where the premium is paid annually. Automatic renewal will be applied at policy anniversary. The policyholder is required to pay the premium at the original premium upon policy renewal.

5. Each applicant of the Promotion 3 can apply for Selected Plans of WeCare Series under the Promotion 3 for up to 4 times only.

6. For “WeCare Term Life Protection Plan 1” policies applied for under Promotion 3, the sum assured is not adjustable before the first policy anniversary.

7. Under Promotion 3, the premium paid will not be refunded if the policy of Selected Plans of WeCare Series is cancelled during the first year of the policy, except for reason under clause 8.

8. If the policyholder cancels the policy of Selected Plans of WeCare Series within the cooling-off period (21 calendar days), the Company will only refund the policyholder the actual premium paid under the Promotion 3.

9. Promotion 3 cannot be transferred, sold or exchanged for cash or its equivalent. Promotion 3 could be invalid if any applicant violates this clause.

10. All policy provisions of Selected Plans of WeCare Series remain unchanged. Please see the policy provisions for details.

11. The total premium includes insurance levy to be collected by the Insurance Authority.

12. Promotion 3 is only applicable to policies issued in Hong Kong.

13. The Company reserves the right to amend the terms and conditions of Promotion 3 or discontinue them at any time without prior notice.

14. The above information is for general reference only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of the Company. Details of the coverage of Selected Plans of WeCare Series are subject to the policy provisions stipulated in the policy by the Company.

15. Promotion 3 is subject to these terms and conditions. The Company has the right to reject any applications and if there are any disputes, the Company's decision is final and conclusive.