Note: Initial premium / payment is NOT mandatory. The principal will issue pending for reminding of premium settlement after underwriting decision.
Please note no CASH or ATM payment is accepted, Any cash payments made over the bank counter or via ATM will be forfeited and it will neither be refunded nor invested in the plan
Initial Payment
1. Personal Cheque
- From the policy owner bank account with the investment amount should be payable to "Friends Provident International Limited".
- For Hong Kong Drawee bank, there is no bank charge. For overseas drawee bank, bank charge is incurred depends the cheque is cleared by Purchase or Collection method.
- Friends will process banking cheque as soon as they are received even the application is still waiting for missing documents. Once monies are received, interest will not be earned whilst on suspense, nor will the investment be backdated, if there are other outstanding requirements to be submitted in order to get the case clean.
- Applicable for the payment mode is "Annually", "Semi-annually" and "Initial premium payment" (ONE schedule premium payment) only. NOT apply for "Quarterly Mode".
- Cheque payment can be accepted for single premium products and additional single premium in regular premium products.
2. Bank Draft
- Please submit a certified true copy of the bank receipt which showing money transferred from client's account, client’s bank account number and full name must be available.
3. Credit card payment for initial payment
- The combination of this payment method ( Credit card for initial premium + DDA/BSO for future payment) is NOT acceptable, FPI can only accept cheque payment for initial premium + DDA/BSO for future payment. Once credit card payment method has been set up, it will be used to collect initial and future premium payments.
- No credit card charge for International Protector Asia
4. BSO
- FPI accept BSO as Initial & future payment but NOT accept it as ‘initial payment only’.
Sequence Payment
1. Standing Order
- Friends accept BSO payment for monthly, quarterly, half yearly and yearly payment
- If client submit the BSO to the bank directly, please arrange for a certified BSO copy to comply with our Source of Fund requirement, the BSO copy should showing bank's stamp / bank's authorized signatory. Please ensure to fill in reference number on the BSO in order for FPI to recognize of the payment
HKD:
- For Hang Seng Bank, you have to use Hang Seng standing instruction
- For Bank of China, you have to use Bank of China Direct Credit Authorisation
USD:
- Client can use Friends BSO form for USD payment, please check with the banker directly if they accept Friends form and the charges incurred, as some banker may have their own forms and it may be consider as TT each time, therefore it various from bank to bank.
- For BSO in USD, HSBC is recommended to use because other banks will charge client extra fee.
Standard Chartered bank will only accept the Remittance Request Form (i.e. one off payment instruction, equivalent to our Bank Instruction Letter form) & BSO in USD to be submitted by the client in person over the counter or via online banking.
*** Please read BSO information from different banks (updated: 23 Jul 2013) to see whether principle's BSO form can be used for setting up BSO. You can fill BANKERS STANDING ORDER FOR QUARTERLY, HALF YEARLY, YEARLY OR MONTHLY PAYMENTS (Last page of the application form) ***
To fulfill FPI Source of Fund requirement, the client should request for a "customer copy" with the bank receipt stamp over the counter if he/she fills the form at the counter. If the client printed out the remittance request form via internet, client should request the SCB branch to take a copy of that remittance form and stamp a receipt date chop on. FPI expect to receive a certified copy of this bank receipt form as Source Of Fund proof.
2. Personal Cheque
- The payment method by cheque is applicable for annually payment, semi-annually payment and initial premium payment (ONE schedule premium payment) only.
- Payment currency is same to the plan currency e.g. don’t make a HKD payment to a USD plan
3. Credit Card
- Please submit the Credit Card Charge Authorisation ([D1]) for IPA product.
(As stated in this form, the credit card charge authorization information also can be completed via https://services.friendslife.com/secure-payments/ homeURL?site=Int ) - No credit card charge for International Protector Asia.
4. Online Payment (Updated: 29 May 2020)
Bank: HSBC Limited
Address: 1 Queen’s Road, Central, PO Box 64
SWIFT code: HSBCHKHH
HKD A/C: 511-667685-001
USD A/C: 511-667685-201
5. DDA
- Form [D2] Direct Debit Authorisation (Only for IPA - HKD of Policy Currency) (Updated: 23 Apr 2019) [Sample]
Friends Provident Customer Hotline: 35506188