You need to read this document.
It sets out specific terms and conditions on which we
agree to provide you with any of the products and
services under the Priority Banking Promotion. You
must read it in conjunction with our Client Terms, and
the applicable documents referred to in Part A of
Client Terms (including the Current/Cheque/Savings
Account and Time Deposit Account Terms, product
brochure, Important Notes and promotional terms (if
applicable)) and any other documents forming our
banking agreement which are also binding on you. The
banking agreement is available to you at any of our
branches or our website at . If there is any
inconsistency between the approval (if any) and any
other part(s) of our banking agreement, then the terms
in the approval prevails. These terms do not apply to
any existing product(s) and service(s) you have with
us to the extent that they are subject to separate
terms and conditions.
New Funds Growth Offer - Cash Rebate/Asia Miles for New
Client
New Clients who sign up for Priority Private during the Promotion Period can
enjoy
up to HKDé8,888 cash rebate or 688,880
Asia Miles Rewards.
|
New Funds Amount upon signing up for
Priority Private (HKD or HKD equivalent)
and Professional Investor Status
|
Cash Rebate (HKD)
|
|
Asia Miles Rewards
|
|
Priority Private
|
|
|
|
|
8,000,000 or above and
does not hold Professional Investor status
|
27,000 |
|
270,000 |
|
8,000,000 or above and
holds Professional Investor status*
|
37,000 |
OR |
370,000 |
|
20,000,000 or above and
holds Professional Investor status*
|
68,888 |
|
688,880 |
# New Clients shall successfully sign up for Professional Investor (“PI”) status
with the Bank during the period from 1April
2025 to 31July 2025, and maintain the Pl status until its expiry date as
specified
by the Bank.
New Funds Growth Offer - Cash Rebate/Asia Miles for Selected Existing Client
Selected Existing Clients who sign up for Priority Private during the Promotion
Period can enjoy up to HKD41,000 cash rebate
or 410,000 Asia Miles Rewards.
|
New Funds Amount upon signing up for
Priority Private (HKD or HKD equivalent)
|
Offer 1:
Accumulated Eligible subscription/Transaction of HKD1,000,000 or
above
on Designated Investment and/ or Insurance Product
|
Offer 2:
Accumulated Eligible Subscription/Transaction of less than
HKD1,000,000
on Designated Investment and/ or Insurance Product or no Eligible
Subscription/Transaction at all
|
|
Cash Rebate (HKD)
|
|
Asia Miles Rewards
|
Cash Rebate (HKD)
|
|
Asia Miles Rewards
|
|
1,000,000 - <2,000,000 |
2,500
|
|
25,000
|
2,500
|
|
25,000
|
|
2,000,000 - <3,000,000 |
4,500
|
|
45,000
|
4,500
|
|
45,000
|
|
3,000,000 - <4,000,000 |
6,500
|
OR |
65,000
|
6,500
|
OR |
65,000
|
|
4,000,000 - <5,000,000 |
12,000
|
|
120,000
|
8,500
|
|
85,000
|
|
5,000,000 - <10,000,000 |
25,000
|
|
250,000
|
10,500
|
|
105,000
|
|
10,000,000 or above
|
40,000
|
|
400,000
|
20,000
|
|
200,000
|
Selected Existing Clients who successfully sign up for or renew Professional
Investor (“PI") status with the Bank during the period from 1
April
2025 to 31 July 2025 (excluding clients whose Pl status is automatically renewed
by
the Bank), and maintain the Pl status until its expiry date as specified by the
Bank
, can be entitled to an additional cash rebate of HKD1,000 or Asia Miles
Rewards of 10,000
Terms and Conditions Apply
Terms and Conditions for Priority Private Promotion
-
General Terms and
Conditions:
-
The promotion comprises of the offers under Sections Il - Il (each
an
“Offer”, collectively “Offers”)
and
the promotion
period for the Offers is from 1 April 2025 to 30 June 2025, both
dates
inclusive (the “Promotion Period”).
-
For joint account(s), only the primary account
holder will be eligible to enjoy the Offer(s).
-
If the client is entitled to the Offers in
conjunction with other promotional offers during the
Promotion Period, Standard Ch artered Bank (Hong
Kong) Limited (the “Bank”) reserves
the right to grant to the client all or part of the
entitled Offers at its sole discretion.
-
For the purposes of the Offers:
-
“New Client” refers to a client
who did NOT, in the past 12 months from the date
of the current sign up for Priority Banking
during the Promotion Period, hold any product or
service with or distributed by the Bank
(including but not limited to deposit account
(in the case of a joint account, unless the new
client is a primary account holder to the joint
account, he/she will not be consi dered having
held any product or service with or distribution
by the Bank), investment services and insurance
products underwritten by the third party
insurer) except Standard Chartered Credit Cards.
“Standard Chartered Credit Cards” refer to
Standard Chartered Credit Card, Standard
Chartered Co-branded Card, MANHATTAN Credit Card
and MANHATTAN Co-branded Card issued by the
Bank, including supplementary cards, Standard
Chartered Business Card and Standard Chartered
Corporate Card.
-
“PP New Client” refers to a New Client who
signs up for Priority Private during the Promotion Period or
a
New Client
who signs up for Priority Private on or before the last day
of
the next calendar month from the date of signing up for
Priority
Banking during the Promotion Period.
-
“Selected Existing Client” refers to a
client
who, (i) receives communication directly from the Bank
regarding
the
Offers; and, as of 31January 2025, (ii) held any products or
services with or distributed by the Bank (including but not
limited to deposit account (in the case of joint account,
unless
the new client is a primary account holder to the joint
account, he/she will not be considered having held any
product
or service with or distributed by the Bank), investment
services and insurance products underwritten by the third
party
insurer) except Standard Chartered Credit Cards, and
(iii) maintained a positive Total Balance.
-
“PP Selected Existing Client” refers to a
Selected Existing Client who signs up for Priority Private
during the Promotion
Period and has not been a Priority Private client in any of
the
preceding 12 months from the date of the current sign
up for Priority Private or a Selected Existing Client who
signs
up for Priority Private on or before the last day of the
next
calendar month from the date of signing up for Priority
Banking
during the Promotion Period.
-
PP New Clientand PP Selected Existing Client, collectively
(“Eligible Client”).
-
“New Funds” refer to monies deposited by
cash,
cheque/cashier’s order, Local Bank Transfer Payment through
Real
Time Gross Settlement (RTGS, also known as Clearing House
Automated Transfer System (CHATS)), Faster Payment
System (FPS), telegraphic transfer from other banks or
transfer-in Investment Funds, Debt Securities or Securities
from
other banks or financial institutions to the investment
product
account held with the Bank excluding renewal or
rollover of existing time deposits, transfer of funds from
any
account within the Bank or any currency converted from
Premium Deposit upon maturity.
-
“Total Balance” includes the aggregate
balance
of deposits, investments and accumulated premiums of
selected
insurance under personal account as primary account holder
with
the Bank. The balance of a joint account will only
be counted as the Total Balance of the primary account
holder.
- Eligible Client's enrolment in Priority Banking and application
for
such banking
products and services as mentioned under an Offer must
remain in effect at the time when the corresponding Offer is awarded
or
delivered to the
Eligible Client. Otherwise, the reward will be
forfeited absolutely and that the Eligible Client will not be
compensated in any way.
-
If after an Offer is awarded or delivered to the Eligible Client,
the
relevant Eligible Client terminates Priority Banking within 12
months
from the date of the current sign up, the Bank reserves the right to
charge an amount equivalent to the value of the Offer as an
administration fee and debit the same amount from any of the
relevant
Eligible Client’s account with the Bank without prior notice.
-
The Bank reserves the right to determine the calculation methods
applied
under the Offers (including in ascertaining the amount of any
applicable balance requirement) and verify the Eligible Client’s
transaction records in considering the Eligible Client’s eli
gibility
for the
Offers. In case of any disputes, the Bank’s decision shall be final
and
binding.
-
If the relevant account balance, transaction amount or premium under
any
life assurance basic plans is denominated in foreign
currency, for the purpose of calculating any entitlement under the
Offer(s), the Bank’s exchange rate or exchange rate determined by
Prudential Hong Kong Limited (a member of Prudential plc group) for
insurance premium quoted at its discretion from time to time will
be adopted for converting the relevant account balance, transaction
amount or insurance premium from the foreign currency to HKD
equivalent, which will then be used to calculate the relevant
Offer(s)
entitlement.
-
Each of the banking products or services set out in these terms and
conditions is subject to the relevant eligibility, application
process
and product terms and conditions. For further details, please refer
to
branch staff for assistance.
-
Eligible Client who participates in the Offer(s) under Section Il or
Il
below (“Section II/Ill Eligible Client”) may choose
to
have either cash rebate or Asia Miles as the reward. Section II/Ill
Eligible Client may choose to have Asia Miles as the reward on the
Banks
designated webpage at sc.com/hk/AM (“Designated
Webpages”) and provide relevant
information under Priority Private/ Priority Banking/ Premium
Banking/
Easy Banking/ Employee Banking Welcome Privileges option. IF a
Section
Il/Ill Eligible Client does not submit Asia Miles Reward
registration to
the Bank within the
Registration Period (as defined in Clause 11(c) of Section | below)
or
any information submitted via the Designated
Webpages is incorrect or insufficient for the purpose of crediting
of
Asia Miles (as stated in Clause 12 of Section | below),
cash rebate will be made available to the Section II/Ill Eligible
Client. The amount of cash rebate or number of Asia Miles
that a Section II/Ill Eligible Client may be entitled to is
specified in
Sections Il and Il below respectively.
-
If a Section II/Ill Eligible Client chooses Asia Miles as the reward
preference on the Designated Webpages:
-
The reward for the Offer(s) under Section Il or Section lil
(as
the case may be) will be made available to the Section
11/1ll Eligible Client in the Form of Asia Miles upon
fulfilment
of all the relevant requirements in these Terms and
Conditions;
-
The Section II/lll Eligible Client must have an existing
Cathay
membership account. Otherwise, the Section II/Ill Eligible
Client has to sign up for Cathay membership account through
Cathay website by the Registration Period (as defined
below);
-
The Section II/Ill Eligible Client must successfully
register on
the Designated Webpages with a valid Cathay
membership account in the name of Section II/Ill Eligible
Client
and other details as required (the “Asia Miles
Reward
Registration”) within the period as specified
in
the table below (the “Registration Period”)
(or
such period as informed
by the Bank).
| Priority Private sign-up date (both dates
inclusive) |
Registration Period (both dates inclusive)
|
| 1 April 2025 to 30 June 2025 |
1
April 2025 to 31 July 2025 |
| 1 July 2025 to 31 July 2025 |
* Applicable to Priority Private clients who firstly sign up
for
Priority Banking in June 2025 and are subsequently
upgraded to Priority Private in July 2025 only.
-
For the avoidance of doubt, valid Cathay membership account
must
be held by the Section II/ il Eligible Client and the Bank
does
not accept any Cathay membership accounts that are not held
by
the Section II/lll Eligible Client for
the purpose of crediting of Asia Miles. Successful
registration
cannot be cancelled or modified. For a Section II/Ill
Eligible Client who has submitted multiple rewards
registrations, only the latest Asia Miles Reward
Registration
record
made within Registration Period will be taken by the Bank
for
the purpose of crediting of Asia Miles.
of Asia Miles.
-
The Bank will provide the Section II/lll Eligible Client’s
Cathay membership information, including surname, given
name, membership number, and the number of Asia Miles
earned, if
any, to Asia Miles Limited for the crediting of the
Asia Miles. Upon receiving such information from the Bank,
Asia
Miles Limited will credit the Asia Miles earned to the
respective Section II/Ill Eligible Client's Cathay
membership
accounts within 4-6 weeks after the corresponding
Fulfilment Date as stated in Clause 12(b) in this Section
(“Asia
Miles Fulfilment Date”).
-
Each Section II/lll Eligible Client acknowledges that the
Asia
Miles earned shall be credited to his/her Cathay
membership account by Asia Miles Limited. The Bank will use
its
best endeavour to provide the necessary information to Asia
Miles Limited to Facilitate this purpose; however, the Bank
makes no warranty that the Asia Miles earned will
be accurately credited to the Cathay membership account by
Asia
Miles Limited and accepts no liability for failure or
delay in the crediting of Asia Miles to the Section II/Ill
Eligible Client’s Cathay membership account for any reason
beyond the Bank’s control. The Bank accepts no liability
relating to the Asia Miles, including but not limited to the
expiry date, usage and redemption. For enquiries relating to
crediting of the Asia Miles and the relevant terms and
conditions, please contact Asia Miles Limited and/or refer
to
Asia Miles Limited website at www.asiamiles.com.
-
Terms and conditions of Asia Miles apply for redemption
and/or
use of Asia Miles. For details, please visit
www.asiamiles.com. The Bank is not obliged to notify Section
II/lll Eligible Client of any changes or latest
announcements of Asia Miles Limited. Section II/Ill Eligible
Clients understand and accept that the Bank is not the
supplier
of the Cathay membership account or the Asia Miles rewarded
if
so chooses. The Bank shall bear no liability
relating to any aspect of the Cathay membership account or
the
Asia Miles, including without limitation, the supply,
the descriptions of the Cathay membership account and the
Asia
Miles provided by supplier, any false trade
description, misrepresentation, misstatement, omission,
unauthorized representation, unfair trade practices or
conduct
in connection with the Cathay membership account or the Asia
Miles provided by the supplier, its employees,
officers or agents.
-
Asia Miles earned cannot be converted into bonus points or
cash
rebate and are non-transferable.
-
If a Section II/Ill Eligible Client does not submit reward
registration
to the Bank within the Registration Period or any
information submitted via the Designated Webpages is incorrect or
insufficient for the purpose of crediting of Asia Miles
as considered by the Bank or Asia Miles Limited:
-
The reward for the Offer(s) under Section Il or Section Ill
(as
the case may be) will be available to Section II/Ill
Eligible
Client in the form of cash rebate and in replacement of Asia
Miles upon fulfilment of all the relevant requirements in
these Terms and Conditions.
-
The Bank will credit the cash rebate on or before 31
December
2025 (“Fulfilment Date”) without prior
notice.
-
The Bank will credit the cash rebate to respective HKD
deposit
account (exclude MortgageOne® Account and
Mortgage $aver Current Account) held by the Section II/lll
Eligible Client in sole name in the following sequence:
-
Sub-account under Integrated Deposits
Account;
-
Current Account;
-
Statement Savings;
-
Passbook Savings
If the Section Il/Ill Eligible Client has no valid HKD
deposit account in sole name, the Bank will credit to
the
Section I1/Ill
Eligible Client's HKD deposit account in the capacity as
primary account holder for joint account with
either-to-sign
instruction, or joint account with both-to-sign
instruction
in the above sequence.
If the Section II/Ill Eligible Client has no valid HKD
deposit account, the Bank will credit to the Section
II/Ill
Eligible
Client’s USD deposit account at an exchange rate
determined
by the Bank at its sole discretion in the above
sequence. IF
the Section Il/Ill Eligible Client has more than one
account
under same account type, the Bank will select any one of
the accounts with the latest account opening date for
the
crediting at its discretion.
-
The Section II/Ill Eligible Client may submit an appeal regarding
his /
her entitlement to the Offer(s) to the Bank in writing
within six months from the Fulfilment Date (i.e. on or before 30
June
2026). Any appeals submitted after this period will not
oe considered or processed by the Bank.
-
The Bank reserves the right to vary, extend, terminate and/or cancel
any
of the Offer(s) or to amend any of the terms and conditions herein
from
time to time without prior notice. In case of any disputes, the
Bank's
decision shall be final and
kinding.
-
If there is any inconsistency or conflict between the English and
the
Chinese versions, the English version shall prevail.
-
Terms and Conditions for New Funds Growth Offer - Cash Rebate/Asia Miles
for
New PP Client (the “New Funds Growth
Offer for New Client”) (applicable to PP New Client only)
-
PP New Client who Fulfils all of the following requirements
(“Section Il
Eligible Client”) will be entitled to the New Funds Growth Offer for
New
Client as the welcome privilege for New Client signing up for
Priority
Private. The respective
requirement dates are set out below:
-
Fulfil the entry Total Balance requirement of HKD8,000,000
or
above upon signing up as a Priority Private client; and
-
Complete a“Customer Investment Profile”
questionnaire by the designated date as
referred to
the table below (the
“Designated Date”); and
-
Deposit New Funds Amount of not less than the amount as set
out
in Clause 2 of Section Il in full with the Bank upon
signing up as a Priority Private client. For New Client who
firstly signs up for Priority Banking and then upgraded to
Priority Private on or before the last day of the next
calendar
month from the date of signing for Priority Banking,
deposit New Funds Amount of not less than the amount as set
out
in Clause 2 of Section Il with the Bank by the last
day of the next calendar month from the date of signing up
for
Priority Banking; and
-
Maintain the Total Balance at/ above the New Funds Amount,
until
at least the relevant corresponding Designated
Date stated in the table below:
|
Priority Private Sign-up date (both dates
inclusive)
|
Designated Date (inclusive)
|
|
1 April 2025 to 30 April 2025
|
31 July 2025
|
|
1 May 2025 to 31 May 2025
|
31 August2025
|
|
1 June 2025 to 30 June 2025
|
30 September 2025
|
|
1 July 2025 to 31July 2025*
|
31 0ctober 2025
|
* Applicable to Priority Private clients who firstly sign up for
Priority Banking in June 2025 and are subsequently
upgraded to Priority Private in July 2025 only.
For New Clients who firstly sign up for Priority Banking and are
subsequently upgraded to Priority Private on or before
the last day of the next calendar month from the date of signing
up
for Priority Banking, the Designated Date will be
determined based on the Priority Private sign-up date. For
example,
if a client signs up Priority Banking in April 2025
and is upgraded to Priority Private in May 2025, the Designated
Date
for this client will be 31 August 2025.
-
The reward under the New Funds Growth Offer for New Client will be
in
the form of cash rebate or Asia Miles as the Section
Eligible Client chooses. Subject to the fulfilment of the
requirements
set out in Clause 1of this Section, cash rebate or Asia
Miles will be made available to New Client as per the table shown
below
depending on the New Funds amount and P rofessional Investor status
requirement that the New Client fulfilled:
|
New Funds Amount upon signing up for Priority
Private (HKD or HKD equivalent)
and Professional Investor Status
|
Cash Rebate (HKD)
|
|
Asia Miles Rewards
|
|
Priority Private
|
|
8,000,000 or above and
does not hold Professional Investor status
|
27,000
|
|
270,000
|
|
8,000,000 or above and
holds Professional Investor status*
|
37,000
|
OR
|
370,000
|
|
20,000,000 or above and
holds Professional Investor status*
|
68,888
|
|
688,830 |
# New Clients shall successfully sign up for Professional Investor
(“PI”) status with the Bank during the period from
1
April 2025 to 31 July 2025, and maintain the Pl status until its
expiry
date as specified by the Bank.
-
Section Il Eligible Client will be entitled to the New Funds Growth
Offer for New Client once only during the Promotion
Period.
-
Terms and Conditions for New Funds Growth OFfer - Cash Rebate/Asia
Miles
for PP Selected Existing Client (the “New
Funds Growth Offer for Selected Existing Client”) (applicable to PP
Selected Existing Client only)
-
PP Selected Existing Client who fulfils all of the following
requirements (“Section Ill Eligible Client”) will be entitled to the
New
Funds Growth Offer for Selected Existing Client. The respective
requirement dates are set out below:
-
Fulfil the entry Total Balance requirement of HKD8,000,000
or
above upon signing up as a Priority Private client; and
-
Complete a “Customer Investment Profile” questionnaire by
the
designated date as referred to the table below (the
“Designated
Date”);
-
Deposit New Funds of not less than HKD1,000,000 in full to
the
Bank upon signing up as a Priority Private client. For
client
who firstly signs up for Priority Banking and then upgraded
to
Priority Private on or before the last day of the next
calendar
month from the date of signing For Priority Banking, deposit
New
Funds of not less than HKD1,000,000 in full to the Bank by
the
last day of the next calendar month from the date of signing
up
for Priority Banking; and
-
Maintain the Total Balance at HK$8,000,000 or above together
with the New Funds Amount until at least the relevant
corresponding Designated Date stated in the table below:
|
Priority Private sign-up date (both dates
inclusive)
|
Designated Date (inclusive)
|
|
1 April 2025 to 30 April 2025
|
31 July 2025
|
|
1 May 2025 to 31 May 2025
|
31 August 2025
|
|
1 June 2025 to 30 June 2025
|
30 September 2025
|
|
1 July 2025 to 31July 2025*
|
31 October 2025
|
* Applicable to Priority Private clients who firstly
sign up
for Priority Banking in June 2025 and are subsequently
upgraded to Priority Private in July 2025 only.
For Selected Existing Clients who firstly sign up for
Priority Banking and are subsequently upgraded to
Priority
Private
on or before the last day of the next calendar month
from
the date of signing up for Priority Banking, the
Designated
Date will be determined based on the Priority Private
sign-up date. For example, if a client signs up Priority
Banking in
April 2025 and is upgraded to Priority Private in May
2025,
the Designated Date for this client will be 31 August
2025.
-
New Funds Growth Offer for Selected Existing Client will be made
available to Section Il Eligible Client in the form of cash
rebate or Asia Miles. Subject to the fulfilment of the requirements
set
out in Clause 1of Section Ill above, cash rebate or
A sia Miles will be made available to Section lll Eligible Client as
per
the tables shown below depending on the New Funds Amount requirement
and
the Eligible Subscription/Transaction amount that the Section Iil
Eligible Client fulfilled:
|
New Funds Amount upon signing up for
Priority Private (HKD or HKD equivalent)
|
Offer 1:
Accumulated Eligible subscription/Transaction of
HKD1,000,000 or above
on Designated Investment and/ or Insurance Product
|
Offer 2:
Accumulated Eligible Subscription/Transaction of
less than HKD1,000,000
on Designated Investment and/ or Insurance Product
or no
Eligible Subscription/Transaction at all
|
|
Cash Rebate (HKD)
|
|
Asia Miles Rewards
|
Cash Rebate (HKD)
|
|
Asia Miles Rewards
|
|
1,000,000 - <2,000,000 |
2,500
|
|
25,000
|
2,500
|
|
25,000
|
|
2,000,000 - <3,000,000 |
4,500
|
|
45,000
|
4,500
|
|
45,000
|
|
3,000,000 - <4,000,000 |
6,500
|
OR
|
65,000
|
6,500
|
OR
|
65,000
|
|
4,000,000 - <5,000,000 |
12,000
|
|
120,000
|
8,500
|
|
85,000
|
|
5,000,000 - <10,000,000 |
25,000
|
|
250,000
|
10,500
|
|
105,000
|
|
10,000,000 or above
|
40,000
|
|
400,000
|
20,000
|
|
200,000
|
-
Section II Eligible Client who has invested in one or
more of the eligible subscription/transaction of the
Designated
Investment and/or Insurance Product(s) specified in the following
table
(“Eligible Subscription/Transaction”) and
accumulated a total subscription and/or transaction amount of
HKD1,000,000 or above (or HKD equivalent) from 1 April
2025 to 30 September 2025 will be entitled to Offer 1 as specified
in
Clause 2. Section Ill Eligible Client who has not
subscribed to any Designated Investment and/or Insurance Product or
accumulated a total subscription and/or
transaction amount of less than HKD1,000,000 on Designated
Investment
and/or Insurance Products will be entitled to
Offer 2 as specified in Clause 2. For the avoidance of doubt,
Section
lll Eligible Client will be entitled to either Offer 1or
Offer 2 only.
|
Designated Investment and/orInsurance Product
|
Eligible Subscription/ Transaction
|
|
Investment Funds
|
-
Investment in Class A funds with a minimum
subscription fee of 2.0% at
branches and Online Unit Trusts trading
platform
-
Money Market Fund and Monthly Investment
Plans
are NOT eligible for the
New Funds Growth Offer for Selected Existing
Client
|
|
Bonds"
|
-
Applicable to all Bonds (excluding Retail
Bonds)
purchase transactions
-
Spread of bond subscription transaction must
be
1.0% or above
|
|
Equity Linked Investments
|
-
Applicable to any Equity Linked Investments
products with a minimum Bank’s
trading profit of 2.4%
|
|
Structured Notes^
|
-
Applicable to any Structured Notes products
with
a minimum Bank’s trading
profit of 2.4%
|
|
Life Insurance*
|
-
Any individual life insurance plan with
Prudential Hong Kong Limited (basic plan(s)
and
supplementary benefit(s) of regular or
single
premium term policies)#
|
^ Structured notes and selected Bonds are only applicable to
Professional Investors.
* Clients should only apply for suitable insurance products
based on
your own protection needs and affordability. The
amount of cash rebate/ Asia Miles is not directly related to the
premium amount, and the client can still enjoy the cash
rebate/ Asia Miles even if he/she does not purchase any
insurance
products if the offer requirements are fulfilled.
# The subscription/transaction amount of a life insurance plan
that
is a Designated Investment/Insurance Product based
on the first year’s total annualised premium of the basic plan
and
supplementary benefit(s) (excluding levy) for regular
premium term policies/the single premium of the basic plan
(excluding levy) for single premium term policies (if
applicable). The New Funds Growth Offer for Selected Existing
Client
will not be applicable to life insurance plans
applied for or become(s) in force on or before 31March 2025, or
to
any other basic plan(s) or supplementary benefit(s),
or to any policy conversion or plan migration. Supplementary
benefit(s) must be attached with the basic plans that are
newly applied for at the same time during the Promotion Period.
If
the premium is paid on a non-annual basis, the first
year's total annualised premium will be calculated on a pro-rata
basis. If the premium is paid on a monthly basis, the
first year’s total annualized premium shall be equal to 12 times
the
monthly payment. If the premium is a single lumpsum payment, the
first year's total annualised premium shall be divided by 10 as
annualised premium payment.
-
To be entitled to Offer 1, the relevant investment product
account(s)
must still be valid at the time when the Cash Rebate/
Asia Miles is credited, otherwise the credit of the Cash Rebate/
Asia
Miles will be forfeited.
-
To be entitled to Offer 1, the relevant policy(ies) must remain in
force
(as determined by Prudential at its sole discretion)
and the premium level must remain the same as (or above) the initial
premium level determined at the time of issuance
of the policy(ies); otherwise, the credit of the Cash Rebate/ Asia
Miles
will be forfeited.
-
Section lll Eligible Client who successfully signs up for or renews
Pl
status with the Bank during the period from 1 April 2025 to 31 July
2025
(excluding clients whose Pl status is automatically renewed by the
Bank), and maintains the Pl status until its expiry date as
specified by
the Bank, can be entitled to an additional cash rebate of
HKD1,000 or Asia Miles Rewards f10,000
-
Forthe purposes of this New Funds Growth Offer for Selected Existing
Client:
-
“New Funds Amount” means the amount of
credit
balance in New Funds deposited by Section Ill Eligible
Clientin
excess
of his/her Total Balance at the Bank as of the last day of
two
months prior to the date of the current sign up for Priority
Private or Priority Banking as stated in the table below
(“Benchmark Date”).
|
Priority Private sign-up month (both dates
inclusive)
|
Benchmark Date
|
|
April: 1 April 2025 to 30 April 2025
|
28 February 2025
|
|
May: 1 May 2025 to 31 May 2025
|
31 March 2025
|
|
June: 1 June 2025 to 30 June 2025
|
30 April 2025
|
|
July: 1 July 2025 to 31 July 2025*
|
31 May 2025
|
* Applicable to Priority Private clients who firstly sign up
for
Priority Banking in June 2025 and are subsequently upgraded
to Priority Private in July 2025 only.
-
Section lll Eligible Client will be entitled to the New Funds Growth
Offer for Selected Existing Client once only during the
Promotion Period.