Quilter International policies do not apply to these forms, please get it via Service Log to principal.
Important Notice
1. It should an insurable interest on the assignment request.
2. All the form details must be filled in ENGLISH.
3. Assignor is the original policy owner, and assignee is the new policy owner.
4. Life assured will remain the same after the assignment is completed. (Updated: 18 April 2011)
5. It will take 1 month for Utmost to process since assignment involved much legal issue.
6. The plan term for Assignment is the Remaining term (in terms of months) of the policy. The no. of Remaining months can be calculated by Remaining Term Calculator.
7. The submission of documents must be within 1 month from the sign date, and the Proof of Address should be dated within 3 months when principal received the documents. (Updated: 20 Apr 2017)
Checklist
(OnePlatform Internal Document and Principal Document are required to be submitted)
OnePlatform Internal Document
| 1. | CS eform | from the assignee |
| 2. | Client Agreement (CA form) | from the assignee |
Principal Document
1. Deed of Assignment ([D1])
2. Letter declaring the relationship of the assignor and assignee (Updated: 25 Nov 2008)
3. Original certified proof of relationship (e.g. birth certificate, marriage certificate...etc) (updated: 25 Nov 08)
4. Source of Funds Questionnaire ([S1])
5. Signed Surrender Valuation and signed Valuation by assignor and assignee (value date should not be older than 1 week prior to submission) (Updated: 23 Jun 2021) (The valuation will be provided by Utmost upon the request (1 working day))
6. Return original policy document or submit Never Received / Lost of Policy Declaration ([N1])
7. Certified Address Proof [both assignor and assignee]
With Consultant printed full name and signature
Client needs to fulfill both principal and OWM address proof requirement
For details, please refer to OWM address proof requirement & Utmost – Address Proof Requirement
8. Certified HKID copy (from assignor and assignee)
Where a client is a non – HK permanent resident i.e. they have a standard HK ID card and not a permanent one (clearly seen by the words "permanent HK Resident" on the front) – we require a certified true copy of their primary travel document (passport) as well as their HKID card. (need the page with all the personal details and photo) (Updated: 28 Mar 2012)
9. International Tax Compliance (ITC) Form - Individuals ([I5]) International Tax Compliance (ITC) Form - Entities ([I6]) [both assignor and assignee]
- For HK residents to fill in TIN number, kindly refer to the 稅務編號 on tax bill, which is a 10-digit number. (Updated: 18 Jan 2016) [Sample of TIN Number], if client could not provide the TIN number, please fill with HKID number and state the reason. (updated: 21 Jan 2016)
Extra Documents
1. If the policy is paid up already, you have to draw a reinstatement letter (from the assignee)
Please note that reinstatement is considered on a case by case basis. In general, policies paid up over 1 year, we will require payment of one monthly premium for each year the policy has been made paid up in order to reinstate. (Updated: 18 April 2011)
2. Check with CS whether the assigned policy has any outstanding payment. If there is outstanding payment, the assignor should prepare a cheque and made payable to "Utmost Worldwide Limited" in policy currency (pay from the assignor bank account)
Payment Methods
1. Credit Card
Fill in Payment Card Mandate Form ([C1])
Specify the month of contribution starting to pay by credit card at the top right hand corner.
The starting date should be at least 3 weeks later from the submission date.
2. Standing order (updated: 29 Apr 2020)
| HKD Payment | |
| Beneficiary Bank Name | Standard Chartered Bank (Hong Kong) Ltd |
| Beneficiary Bank Address | STANDARD CHARTERED BANK BUILDING, 4-4A DES VOEUX ROAD, CENTRAL, HK |
| Beneficiary Branch Code | 447 |
| Beneficiary SWIFT | SCBLHKHHXXX |
| Beneficiary Account | Utmost Worldwide Limited |
| Beneficiary A/C Number | 44700290306 |
Client should contact their own bank to setup BSO directly. For the Beneficiary’s detail, please refer to below:
| USD Payment | |
| Beneficiary Bank Name | Hong Kong Shanghai Bank |
| Beneficiary Bank Address | Hong Kong Shanghai Bank, Hong Kong Main Office, No 1 Queen’s Road, Central, Hong Kong |
| Beneficiary Branch Code | 500 |
| Beneficiary SWIFT | HSBCHKHHHKH |
| Beneficiary Account | Utmost Worldwide Limited |
| Beneficiary A/C Number | 500-296041-201 |
Please provide payment proof (e.g. transfer advice/ TT receipt) and state policy owner’s English name and policy number clearly to Utmost for locating the payment.
Payment Methods for oversea client who hold USD currency policy
Please be advised that client who hold USD currency policy and live outside Hong Kong should send money to Citibank N.A. New York with details in the Payment Instruction Form ([P2]).
Payment Methods for oversea client who hold HKD currency policy
All client, no matter lives in HK or outside HK and hold HKD currency policy should transfer the payment to Standard Chartered Bank (Hong Kong) Ltd. For details, please refer to the above table.
Utmost Customer Hotline：21536402