Growth Manager Plus Product Summary

Growth Manager Plus Product Summary Nature of the product A regular-premium whole life investment-linked policy. Allows you to invest your money in the following funds to meet your investment objectives: - HSBC Insurance Asia Balanced Fund - HSBC Insurance Asia Equity Fund - HSBC Insurance Asia Focused Income Fund - HSBC Insurance Asian Bond Fund - HSBC Insurance Asian Dividend Equity Fund - HSBC Insurance China Balanced Fund - HSBC Insurance China Equity Fund - HSBC Insurance Climate Change Equity Fund - HSBC Insurance Emerging Europe Equity Fund - HSBC Insurance Emerging Markets Equity Fund - HSBC Insurance Europe Equity Fund - HSBC Insurance Global Bond Fund - HSBC Insurance Global Emerging Markets Bond Fund - HSBC Insurance Global Equity Fund - HSBC Insurance India Equity Fund - HSBC Insurance Japan Equity Fund - HSBC Insurance Pacific Equity Fund - HSBC Insurance Premium Balanced Fund - HSBC Insurance Premium Property Equity Fund - HSBC Insurance SGD Reserve Fund - HSBC Insurance Singapore Balanced Fund - HSBC Insurance Singapore Bond Fund - HSBC Insurance World Selection 1 Fund - HSBC Insurance World Selection 3 Fund - HSBC Insurance World Selection 5 Fund Please see the respective Product Highlights Sheets and Fund Summaries for the detailed write up of the fund. Insurance Benefits The Sum Insured is the higher of: a) the Minimum Sum Insured plus top-ups and recurrent single premiums; and b) the Basic Sum Insured minus withdrawals. Here, the Basic Sum Insured is selected by the policyholder and the Minimum Sum Insured is 5 times the Annual Premium, subject to a minimum of S$12,000. If you make a partial withdrawal, your Basic Sum Insured will decrease by the amount withdrawn. However, the reduced Sum Insured will not be less than S$12,000 at any time. You may expand your insurance benefits at any time by adding one or more of the following Optional Benefits if the Life Insured is within the acceptable age limit and health status: - Level Term Life Benefit - Level Term Disability Benefit - Reducing Term Life Benefit - Reducing Term Disability Benefit - Waiver of Contribution Benefit - Critical Illness Link Benefit - Reducing Critical Illness Link Benefit - Payor Benefit - Comprehensive Payor Benefit - Hospital Cash Benefit - Comprehensive Accidental Benefit - Accidental Death Benefit - Lady FirstCare Link Benefit - Junior FirstCare Link Benefit - Junior FirstCare Plus Link Benefit - Disability Linked Benefit - Disability Extended Benefit In the event of death or terminal illness whilst the policy is in force, the Benefit which is the higher of the following, will be paid: a) the Sum Insured at the time we receive the claim notification; or b) the value of all units under your policy. Terminal illness is defined as a conclusive diagnosis of an illness that is expected to result in death within 12 months. You may increase the Basic Sum Insured and Sum Insured for optional rider benefits or add optional rider benefits on the next premium due date, subject to normal underwriting requirements. Reductions in Basic Sum Insured or coverage of optional rider benefits or deletion of optional rider benefits may be made after the first premium year, on the next premium due date upon your application. Premium reduction charges will apply if there is any reduction in premiums as a result of reduction in Sum Insured within 7 premium years (see below). The policy ends upon payment of the Benefit due to death or terminal illness. If the information contained in the insurance application is untrue, inaccurate or incomplete on the date of issue, we may terminate your policy and refund you the net investment amount without interest. The net investment amount refunded to you will be your aggregate investment amount, minus all your withdrawals (if any), and expenses we had incurred in relation to your policy. (Ver. 14.06R) Page 1 of 6

Premium Payment You cannot increase your regular premium contributions after policy inception. A Premium Holiday option is available to you at any time after the 2 nd policy year. This feature allows you to stop paying regular scheduled premiums for a specific period of time. The unpaid premiums will not be considered a debt to the Company. You cannot decrease your regular premium contributions within the first year from the date your policy is incepted. Reductions in regular premiums are allowed after one year i.e., after premium installments for: 12 monthly; 4 quarterly; 2 half yearly; 1 annual are paid, after which regular premium reductions are allowed at the next premium due date. The reduced premium should not be less than the minimum amount as stated in the Subscription of units section and will be subject to Premium Reduction Charge. Premium Reduction Charge deducted via cancellation of units will be imposed based on the following formula: Premium Reduction Charge = Amount of Annualised Premium Reduction (for premium year t) x Reduction Rate (for premium year t) Accumulated Reduction Charge. where Annualised Premium Reduction refers to the reduction from the original annualised premium. This charge is deducted each time there is a premium reduction at the due date when the premium is reduced as per the table below. Premium 8 1 2 3 4 5 6 7 Year (t) onwards Reduction N/a 55% 60% 70% 75% 80% 85% 0% Rate Premium year relates to 1 annual or 2 half-yearly or 4 quarterly or 12 monthly regular premiums that have been paid in full and accepted by the Company. Apart from Annual Premiums, Premium Year for all other payment frequencies will be rounded up to the nearest whole number: for example, if 20 Monthly regular premiums are paid, then the Premium Year will be rounded up to 2 year and the Premium Reduction Charge will apply accordingly. This charge is deducted only one-time (not an ongoing charge) corresponding to any premium reduction. Example 1: Illustration on Premium Reduction Charge: A policyholder contributes a regular premium of S$400 monthly. In month 15, policyholder reduces premium to S$300 monthly from the original premium of S$400: Premium Reduction Charge = S$100 x 12 x 55% - 0 = S$660 In month 25, policyholder reduces premium to S$250 monthly from the original premium of S$400: Premium Reduction Charge = S$150 x 12 x 60% - S$660 = S$420 Policyholder subsequently opts for a Premium Holiday in year 4 and resumes premium in year 5 but reducing it from the original S$400 to S$200: Premium Year = 4 (due to Premium Holiday in year 4) Premium Reduction Charge = S$200 x 12 x 70% - S$1080 = S$600 If you stop paying your premiums within the first 2 Policy Years and the policy has acquired a cash value, the policy will terminate and any cash value (less any applicable Surrender Penalty) will be paid. If you stop paying your premiums or if you elect the Premium Holiday after the first 2 Policy Years and there is enough cash value in your policy account to meet the policy charges, we will keep the policy in force for the full amount of insurance. However, any optional premium waiver benefit you have chosen will cease. When the cash value in the policy is not enough to meet the policy charges, it will cause the policy to terminate and no benefits will be payable. Subscription of units You can subscribe with a minimum annual premium of S$2,400 or half-yearly premium of S$1,200 or quarterly premium of S$600 or monthly premium of S$200 and invest this into a maximum of 10 funds by using: - cash (includes cheque or inter-bank giro) Pricing of units is based on an offer-bid basis. The Offer Price is the price at which you purchase the units and the Bid Price is the price at which you sell to us. The difference in Offer and Bid Price is the bid-offer spread. Upon approval of your application, the investment amount expressed as a percentage of premium used to buy units at the Offer Price of the respective fund(s) you have chosen will be allocated at 100%. The Offer Price(s) used will be determined the next business day. The units are then credited into your policy account. Example 2: Illustration on subscription of units before policy charges in the 1 st year: A policyholder contributes S$2,400 annually and selects a Basic Sum Insured of S$15,000. Assuming a Bid Price / Offer Price at the start of 1st year = S$1.90 / S$2.00 Premiums allocated to buy units = 100% x S$2,400 = S$2,400 Units purchased before policy charges = S$2,400 /S$2.00 = 1200 units Total units in policy account before policy charges = 1200 units (Ver. 14.06R) Page 2 of 6

Policy charges Policy fee Monthly policy fee for administering your policy account is S$5. We may increase the monthly fee but it will not exceed S$10. The Policy fee applies as long as the policy is in force, including the Premium Holiday Period. Supplementary charge Supplementary Charge for the first 20 years of your policy is 0.125% per month at the start of each month on net asset value plus any premiums collected but not yet allocated into units. The Supplementary charge is applicable during the Premium Holiday Period and will be extended beyond 20 years to a period equivalent to the number of months/years of missing premiums due to Premium Holiday. Example 3: Illustration on the extension of Supplementary Charge period due to Premium Holiday: Policyholder contributes an annual premium of S$2400. Policyholder exercises a Premium Holiday between Year 8 to 10, and subsequently resumes premium payment. The table below shows the Supplementary Charge payable for the respective periods: Policy Year Annual Premium Supplementary Charge 1 7 S$2400 0.125% per month 8 10 Premium Holiday 0.125% per month 11 20 S$2400 0.125% per month 21 23 S$2400 0.125% per month* 24 onwards S$2400 0.0% per month *Supplementary Charge is extended for 3 years, equivalent to the number of months/years of missing premiums due to Premium Holiday Insurance charge The insurance charges for providing you the basic death and optional benefits depend on your age, gender and health. These are not guaranteed and we reserve the rights to charge up to 2 times the current rates from any plan anniversary. The charges apply as long as the policy is in force, including the Premium Holiday Period. Summary of your insurance charges can be found in the benefit illustration. At the start of the policy, units from your policy account are sold at the Bid Price to pay for the policy fee, supplementary charge and insurance charges if any; and thereafter on the same day of each subsequent month. Example 4: Illustration on policy charges at start of first year: (continued from Example 2) At the start of the first year, the charges consist of Monthly policy fee = S$5.00 Supplementary Charge = 0.125% x S$2,400 = S$3 Assuming an insurance charge at time of deduction = S$1.50 Total charges = S$5 + 3 + 1.50 = S$9.50 Units deducted for total charges = S$9.50 / S$1.90 = 5 units Units in policy account before charges = 1,200 units Units in policy account after charges = 1,200 5 = 1,195 units Example 5: Illustration on policy charges in subsequent years: (continued from Example 4) At the start of third year, assuming the Account Value before the third premium is paid = S$7,000, the charges consist of Monthly policy fee = S$5.00 Supplementary Charge = 0.125% x (S$7000 + S$2,400) = S$11.75 Assuming an insurance charge at time of deduction =S$6.25 Total charges = S$5.00 + 11.75 + 6.25 = S$23 Assuming a Bid Price / Offer Price at the start of third year = S$2.00 / S$2.11 Units deducted for total charges = S$23 / S$2.00 = 11.50 units Top-up Premiums and Recurrent Single Premiums (RSP) You may choose to do an ad-hoc top-up at any time into one or more funds. The minimum top-up amount is S$500. The full amount of the top-up will be used to buy units in the fund(s) chosen by you. You may also choose to do a RSP on the same payment frequency as your regular premiums. The minimum RSP for any payment frequency is S$500. There is no administrative charge for making a top-up or RSP. Example 6: Illustration on an ad-hoc top-up/rsp: (continued from Example 4) The policyholder decides to make a single premium top-up of S$4,000 at the start of the 1st policy year. Minimum Sum Insured before top-up = S$2,400 x 5 = S$12,000 Minimum Sum Insured after top-up = S$12,000 + S$4,000 = S$16,000 Selected Sum Insured before top-up = S$15,000 (Ver. 14.06R) Page 3 of 6

Basic Sum Insured after top-up is equal to higher of Minimum or Selected Sum Insured minus withdrawals = S$16,000 0 =S$16,000 Assuming a Bid Price / Offer Price = S$1.90 / S$2.00 Units purchased = S$4,000 / S$2.00 = 2,000 units Units in policy account before top-up = 1,195 units Units in policy account after top-up = 1,195 + 2,000 = 3,195 units Withdrawal of units You may make a partial or full withdrawal of units. When you make a full withdrawal, your policy will terminate. You may make a partial withdrawal as long as there is at least S$1,000 in your policy account after the withdrawal. Each withdrawal should be at least S$250. If you have more than one fund linked to your policy, you can choose which of the funds you would like to withdraw your money from. There should be at least S$500 left in each fund. To surrender, you must complete and submit our surrender form. If your application reaches our correspondence address before 3.30 pm on a business day, it will be processed on the same business day. If your application is received after 3.30 pm, it will be processed on the next business day. The units withdrawn will be realised at the Bid Price of the respective fund(s) on the Valuation Date immediately following the date we accept your application for partial withdrawal or surrender. On our payment to you of any amount due on surrender of the policy, we shall be discharged from all liability under the policy including in respect of the payment of benefits. The withdrawal proceeds will usually be paid out within 6 business days from the day we process your valid application to exit from the fund(s). There will be a Surrender Penalty for any partial or full withdrawals made on or before the 7th premium year as per the table below: Premium Year % Surrender Penalty 1 or less 90% 2 80% 3 70% 4 60% 5 45%* 6 30%* 7 20%* 8 onwards 0% * Under the Growth Manager Plus Campaign ( Campaign ), the Surrender Penalty shall be waived from the 5th Premium Year onward. The same surrender penalty scale will also apply on top-ups and recurrent single premiums. The Surrender Penalty will be extended beyond the 4th premium year to a period equivalent to the number of months/years of missing premiums due to Premium Holiday. Example 7: Illustration on a partial withdrawal with surrender charge (continued from Example 6) One week after the top-up, the policyholder decides to partially withdraw S$500. Basic Sum Insured before withdrawal = S$16,000 Basic Sum Insured after withdrawal = S$16,000 S$500 = S$15,500 Assuming a Bid Price / Offer Price = S$2.00 / S$2.11 Units cancelled = S$500 / S$2.00 = 250 units Units in policy account before withdrawal = 3,195 units Units in policy account after withdrawal = 3,195 250 = 2,945 units Amount policyholder wishes to withdraw = S$500 Surrender Charge Applicable = 90% Surrender Charge Payable = 90% x S$500 = $450 Payout to policyholder = S$500 S$450 = S$50 Example 8: Illustration on a full surrender (without the Campaign) (continued from Example 7) Policyholder takes a Premium Holiday in year 5 and decides to make a full surrender in year 6. The value of the policy account just before surrender is $10,000. Surrender Value Amount = S$10,000 Premium Year = 5 (due to Premium Holiday in year 5) Surrender Charge Applicable = 45% Surrender Charge Payable = 45% x S$10,000 = $4,500 Payout to policyholder = S$10,000 S$4,500 = S$5,500 Example 9: Illustration on a full surrender (with the campaign) (continued from Example 7) Policyholder takes a Premium Holiday in year 5 and decides to make a full surrender in year 6. The value of the policy account just before surrender is $10,000. Surrender Value Amount = S$10,000 Premium Year = 5 (due to Premium Holiday in year 5) Surrender Charge Applicable = 0% (Ver. 14.06R) Page 4 of 6

Surrender Charge Payable = 0% x S$10,000 = $0 Payout to policyholder = S$10,000 S$0 = S$10,000 Switching of funds You may switch between funds at any time. There is currently no charge for switching. However, we reserve the right to impose a charge in the future. Application to switch fund must be made on company s prescribed form. Your application will be processed on the same business day if we receive the form before 3.30pm. Upon approval of your application, we will buy into the units of the new fund the next business day at the Bid Price. Applications that reach us after 3.30pm will be processed the following business day. You may fully or partially switch from one or more funds to other funds. The value of units to be switched for each fund must be at least S$1,000 and the remaining value of units in each fund must be at least S$500. Investment returns The amount you get back will depend on the investment performance of the fund you have chosen and the charges on your policy account. Your investment returns are not guaranteed and can be lower or higher than the amount invested. Keeping track of your investment a) You will receive an annual Unit and Benefit Statement as at 31 st December. Contractual rights of customer You have 14 days to look through the policy contract. Should you decide to cancel your policy during these 14 days, you will receive your money back plus (less) any increase (fall) in the value of your units and less expenses incurred in issuing your policy. The 14 day free look period starts from the date you receive the Policy. If this Policy is delivered by post, it is considered received 7 days after the date of posting. You may transfer your legal rights under this policy to another person or organisation through an assignment if you have paid your premium by cash. Other important notes This document contains a summary of the main product points only. You can ask our representatives and appointed distributors for more details about this product. The content of this summary may vary from the terms of the policy contract finally issued to you. Only the terms in your policy contract are binding between us. This policy is protected under the Policy Owners Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact HSBC Insurance (Singapore) Pte. Limited or visit the LIA or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg). b) An unaudited semi-annual and annual audited report on each investment-linked sub-fund will be made available within 2 months and 3 months respectively from the last date of the period to which the reports relate. The financial half year-end and financial year-end for each investment-linked sub-fund is 31 December and 30 June respectively. These reports, when available, will be accessible from the Company s website at http://www.insurance.hsbc.com.sg/annualreport. A hardcopy will be provided to you only upon your request. Obtaining Fund Prices Fund valuation is carried out daily from Monday to Friday except public holidays. Prices of our funds are published on the next day after valuation of the respective funds and can be found in the following publications: - The Straits Times - The Business Times Alternatively, you may visit our company website at www.insurance.hsbc.com.sg. (Ver. 14.06R) Page 5 of 6

Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 Males 0.68 0.75 0.83 0.93 1.05 1.18 1.33 1.50 1.69 1.91 2.16 2.43 2.74 3.09 3.47 Yearly Rates per $1,000 Sum At Risk (for standard lives, non-smokers) Females Age 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 0.68 89 0.75 90 0.83 91 0.93 92 1.05 93 1.17 94 1.33 95 1.50 96 1.69 97 1.91 98 2.16 99 2.43 Males 3.90 4.37 4.90 5.48 6.12 6.83 7.61 8.47 9.42 10.46 11.61 12.87 14.25 15.76 17.42 19.24 21.22 23.39 25.77 28.35 31.17 34.24 37.58 41.22 45.16 49.44 54.07 59.09 64.50 70.35 76.64 83.41 90.67 98.45 106.77 115.65 125.10 135.13 145.75 156.97 168.79 181.19 194.18 207.72 221.80 236.38 251.43 266.91 282.75 Females 2.74 3.09 3.47 3.90 4.37 4.90 5.48 6.12 6.83 7.61 8.47 9.42 10.46 11.61 12.87 14.25 15.76 17.42 19.24 21.22 23.39 25.77 28.35 31.17 34.24 37.58 41.22 45.16 49.44 54.07 59.09 64.50 70.35 76.64 83.41 90.67 98.45 106.77 115.65 125.10 135.13 145.75 156.97 168.79 181.19 194.18 207.72 221.80 236.38 (Ver. 14.04R) Page 6 of 6 Issued by HSBC Insurance (Singapore) Pte. Limited. (Reg. No. 195400150N) 21 Collyer Quay #02-01 Singapore 049320, Monday to Friday 9.30am to 5pm. www.insurance.hsbc.com.sg. Customer Care Hotline: (65) 6225 6111 Fax: (65) 6221 2188 Mailing address: Robinson Road Post Office P.O. BOX 1538 Singapore 903038.