Guaranteed Cash Value is the amount payable to you upon policy surrender or at maturity. It grows over the Policy years and is calculated based on the Total Premium. You may try our savings calculator or refer to the illustrative example in the Product Summary for more details.

If you hold the WeSave E1 policy for its entire 5-year Benefit Term, you are eligible to the guaranteed rate of return of 3.1% p.a. The amount is equivalent to 116.5% of your total premium paid.

Death Benefit is payable if the Life Assured individual dies during the Policy’s duration. The benefit is equivalent to 101% of Total Premium Paid or 100% of Guaranteed Cash Value, whichever is higher.

You may refer to the illustrative example in the Product Summary for more details.

If the death of the Life Assured individual is caused by an accident, we will pay an Accidental Death Benefit equivalent to 100% of Total Premium Paid. This is in addition to Death Benefit, and is subject to a maximum of USD125,000 per Life Assured individual across all WeSave E1 policies.

If the Life Assured individual sustains an injury resulting in their death within 180 days from the date of the accident, an Accidental Death Benefit will be paid together with Death Benefit to your nominated beneficiary.

You may refer to the illustrative example in the Product Summary for more details.

No, policy loan is not applicable and you could only surrender the policy to get the Guaranteed Cash Value in full before the policy matures.

You will receive your surrender benefit which is your Guaranteed Cash Value as of surrender effective date or policy paid-to-date, whichever is earlier. However, please note that if you surrender your policy before maturity, your Surrender Benefit amount may be considerably less than your total premium paid.

You may refer to the illustrative example in the Product Summary for more details.

US Dollar. This is also the only currency in which benefits accrued are recorded and calculated.

While the policy is in force, the money amount that you may receive is your benefits, which include Maturity Benefit, Surrender Benefit, Death Benefit (if applicable) and Accidental Death Benefit (if applicable).

You may choose to pay your premium and receive benefits in either HK or US Dollars, subject to specific payment methods.

The premiums you pay and benefit amount you receive are calculated in US Dollars or HK Dollars equivalent, using the prevailing exchange rates at time of conversion.

Please refer to Policy Provisions for more information about your benefits.

Currency exchange rates are market-based, and are solely determined by Blue from time to time. Please click here for more about current exchange rate.

The minimum premium amount per policy is USD4,000. You can have more than one policy, however, the maximum premium amount is subject to an Aggregated Premium of USD 1,000,000 per Life Assured individual over all WeSave E1 policies.

Once all the required information is received, the policy will be in force within 2 working days.

If you select “bank transfer” to pay premium, it will take 5-7 working days for bank autopay set up and premium collection.

Payment methods are as follows:

Payment methodCurrency allowed
Online payment through HSBCHKD
ATM payment through HSBCHKD
Phone Payment through HSBCHKD
Bank Transfer HKD
ChequeHKD/USD

No official receipt will be issued; however you may refer to your bank statement for transaction records.

You may cancel your policy by giving us a cancellation notice via our customer service portal within 21 calendar days of policy delivery date, or Policy Issue Notification to you informing you of the Cooling-off Period – whichever is earlier.

Cancellation during this cooling-off period will result in a full refund of premium and levies paid.

You can request to surrender your policy via the customer service portal. This will terminate your policy and the benefit amount will be equal to your Guaranteed Cash Value.

Note that if you surrender your policy before maturity, your Surrender Benefit amount may be considerably less than your total premium paid.

Benefit will then typically be paid within two weeks, either by cheque, or by bank transfer.

You may view your current Guaranteed Cash Value and Projected Maturity Return at any time via the customer service portal.

We will pay you a Maturity Benefit equal to Guaranteed Cash Value after the policy maturity date, by cheque or bank transfer within two weeks.

You may designate the beneficiary at any time via the customer service portal. Simply go to the policy details, then designate beneficiary and submit personal information of your beneficiary.