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Study abroad carefree with comprehensive protection

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Hk msig fx osi

Study abroad carefree with comprehensive protection

Overseas Study Insurance

From now til 30 Nov 2024, enjoy up to HKD888 rewards plus a 30% premium discount when you perform FX transactions and apply for Overseas Study Insurance.

Use promo code: SCBOSI

HKD888 rewards including a HKD300 HKTV mall coupon, a HKD100 FX welcome offer and up to HKD488 in Silver membership tier rewards. ACT NOW!

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Benefits Table

Benefits table
Maximum Benefits Payable Per Year (HK$)
Basic Plan Premier Plan
Section 1 – Personal accident 
·       Accidental death/permanent  disablement

·       Major burns

 1,000,000

500,000
Amateur dangerous sports and activities 500,000
Section 2 – Medical expenses
Medical expenses at overseas

·      Maximum no. of visits for outpatient treatment

·      Follow up medical treatments in Hong Kong for a temporary visit

➢ Maximum no. of days

➢ Chinese medicine practitioners’ fee

·   Limit per visit per day

 Not applicable 2,000,000

25

250,000

90

5,000

200
Hospital cash (if hospitalised for more than 5 consecutive days)

·      Limit per day

 30,000

500
Trauma counselling

·      Limit per visit per day

 15,000
1,500
Amateur dangerous sports and activities2 500,000
Section 3 – Tuition expenses2
Education fund1

·      If bodily injury suffered by your parent resulting in death or permanent disablement within 12 months from the date of the accident

 300,000
Cancellation of study

·      Unused pre-paid tuition fee and travel and accommodation deposits if your study is unavoidably cancelled before departure from Hong Kong due to named reasons

➢ Limit under Black Outbound Travel Alert

➢ Limit under Red Outbound Travel Alert

 ​

​

​​

50,000

100%­­

50%
Study interruption

·      Unused pre-paid tuition fee or re-attend fee of the missing course if your study is interrupted due to death or serious injury or sickness of you or your family member

➢ Limit of additional or unused travel and accommodation expenses if your study is abandoned and you return to Hong Kong permanently

 ​

​

200,000

20,000
School closure daily cash allowance

·      if your school is closed more than 3 consecutive days due to natural disaster or compulsory closure by local authority

➢ Limit per day

 ​

​

5,000

500
Section 4 – Travel delay2
Cash benefit3

·       Limit per each 6 hours of delay

 3,000

300
Additional transportation and/or accommodation expenses3

·       Limit per day

 5,000

1,000
SECTION 5 – TRIP CANCELLATION AND CURTAILMENT4
Unused travel and accommodation deposits you have paid or payments for which you are legally obliged to pay if your study is unavoidably cancelled within 30 days prior to its commencement or after the trip has begun due to named reasons 50,000
Section 6 – Personal belongings
Loss of or damage to your personal baggage or belongings 20,000
·      Limit per article, pair or set of articles 3,000
·      Limit of all sports equipment 5,000
·      Limit of all valuables 5,000
·      Limit of all cameras, camcorders and audio/video equipment 5,000
·      Limit of all laptops 10,000
·      Limit of mobile phone or tablet computer

➢ Maximum no. of device

 2,000

1
·      Excess: HK$200
Delayed baggage 1,500
Loss of travel documents

·      Limit per day of additional accommodation expenses

 10,000

1,000
Personal money 2,000
Section 7 – Personal liability
Pay for all sums which you become legally liable to pay as compensation 2,000,000
SECTION 8 – HOUSEHOLD CONTENTS AT RESIDENCE
Loss of or damage to household contents as a direct result due to fire, flood, earthquake, tsunami, subsidence/landslip, aircraft damage or impact damage by any road vehicle 12,000
Section 9 – Alternative accommodation
If your overseas residence being rendered uninhabitable due to fire or natural disaster

·       Limit per day

 10,000

500
Section 10 –  Terrorism extension (applicable to the above Section 1 and 2 only)
Extends to cover you in respect of death or bodily injury (including necessary medical expenses incurred) which may be sustained through acts of terrorism 3,000,000
Emergency assistance services
24-hour assistance hotline Included
Compassionate visit (if hospitalised for more than 5 consecutive days)

·       Limit per day of accommodation expenses

·       Maximum no. of day for accommodation

 One economy class airfare

1,200

5
Unexpected return to Hong Kong (in the event of the death of your family member) One economy class airfare
Emergency medical evacuation and repatriation after treatment 2,000,000
Deposit guarantee for hospital admission 40,000
Repatriation of mortal remains/ ashes 250,000
  1. Only applicable if the insured student is aged 25 or below and unmarried when his/her parent suffers bodily injury. Not applicable if the insured parents are aged above 75 or his/her engagement as a worker or staff stated in major exclusion item 7.
  2. All ancillary leisure trips, which are less than 90 days per trip and outside Hong Kong or Study Country/Region, taken by during the Study Journey are covered.
  3. Only claim for either section 3 or section 4, in respect of any losses arising from the same cause.
  4. Either travel delay cash benefit or additional transport and/or accommodation expenses is payable.
Premium table
Basic Plan
Premier Plan

(with an Excess of HK$20,000  for each hospitalisation claim)
Premier Plan
Annual premium (HK$) 3,000 4,527 5,030
Notes:

1.The insured student must be aged between 6 and 50 and not a passport holder of the study country/region.

2.The applicant and insured student must be Hong Kong resident and at the time of application the insured student has not yet left Hong Kong for the study journey meant to be covered. *

3.The study journey should be originating from Hong Kong.

Major exclusions:
  1. Any circumstances or medical conditions giving rise to a claim under this policy known to have existed at the time of application or at the date of arranging the study journey
  2. Any sport in a professional capacity or could earn income or remuneration from engaging in such sport
  3. Suicide, intentional self-inflicted injury, insanity, mental or nervous disorders, sleep disorder, psychiatric disorder
  4. Influence of drugs or alcohol
  5. HIV and/or any HIV related illness including AIDS
  6. Flying activities other than as a fare-paying passenger with a licenced and scheduled routes carrier
  7. Engagement as a worker or staff in any form of manual employment or occupation, hazardous work or occupation, or listed under general exclusion of the policy
  8. Fighting (except in bona fide self defense), provoked assault, resistance to arrest
  9. Unlawful acts
  10. Consequential loss of any kind
  11. Any misrepresentation or omission to inform us of any material information
  12. Delay, confiscation, detention, nationalisation, requisition or destruction of or damage to property
  13. Pressure waves from aircraft and other airborne devices travelling at sonic or supersonic speeds
  14. War and terrorism (Except for terrorism extension cover)
  15. Radioactive contamination, chemical, biological, biochemical and electromagnetic weapons

The above is a summary of the Major Exclusions only. For details, please refer to policy provisions.

Important notes:

Insurance Authority (IA) has announced the collection of levy on insurance premium under the ‘Insurance Ordinance’ with effect from 1 January 2018. As a result,  all premium amounts shown in this webpage are subject to levy. For further information, please visit www.ia.org.hk/en/levy.

The above information is intended as a general summary. It is for reference only and is not an offer for subscription of any insurance product. The policy may contain terms and conditions which are not detailed in the above. Should there be any discrepancy between the information contained in the above and the terms of the policy, the terms of the policy shall prevail. For exact terms and conditions and details of the exclusions, please refer to the relevant policy or contact MSIG at (852) 3122 6722 (Service Hours: Mon – Fri 9:00am – 5:30pm, except public holidays).

Disclaimer and Important Notes

The above plan is underwritten by MSIG Insurance (Hong Kong) Limited (“MSIG”) which is a general insurer authorized and regulated by the Insurance Authority of HKSAR. Standard Chartered Bank (Hong Kong) Limited (“SCBHK”) is an insurance agent appointed by MSIG (Licensed Insurance Agency FA1239). To the extent permissible by law, Standard Chartered Bank (Hong Kong) Limited shall not be liable to any person for the use of any of the above information.

The above plan, offered by MSIG, is only available for subscription by residents of the HKSAR, subject to the relevant Terms and Conditions.

The above information is intended as a general summary. It is for reference only and is not an offer for subscription of any insurance product. The policy may contain Terms and Conditions which are not detailed in the above. If there is any discrepancy between the information contained in the above and the Terms of the policy, the Terms of the policy shall prevail. For exact Terms and Conditions and details of the exclusions, please refer to the relevant policy or contact MSIG.

The material and information contained on this Web Site is provided for general information only and should not be used as a basis for making business decisions. Any advice or information received via this Web Site should not be relied upon without consulting primary or more accurate or more up-to-date sources of information or specific professional advice. You are recommended to obtain such professional advice where appropriate.

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 Standard Chartered Bank (Hong Kong) Limited and the customer out of the selling process or processing of the related transaction, Standard Chartered Bank (Hong Kong) Limited will 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 MSIG and the customer.

Foreign Exchange:

  • Foreign exchange involves risks. Fluctuation in the exchange rate of a foreign currency may result in gains or significant losses in the event that the customer converts deposit from the foreign currency to another currency (including Hong Kong Dollar).

RMB Deposit Service:

  • Renminbi (“RMB”) exchange rate, like any other currency, is affected by a wide range of factors and is subject to fluctuations. Such fluctuations may result in gains and losses in the event that the customer subsequently converts RMB to another currency (including Hong Kong dollars); and
  • RMB is currently not freely convertible and conversion of RMB through banks in Hong Kong is subject to restrictions specified by the Bank and regulatory requirements applicable from time to time. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time.

 

Terms and Conditions