Endowment Insurance helps you to reach target saving.

Features

• Annual dividends

  You will receive annual dividends (non–guaranteed) on every policy anniversary whilst the policy is in force. You may either accumulate the annual dividends (non-guaranteed) in your policy account to earn interest^3,4 or receive them in cash.

• Guaranteed maturity benefit

  The Plan is a 6–year plan. You are guaranteed to receive a maturity benefit equivalent to 110% of the sum assured at the end of the policy term. Maturity benefit includes guaranteed cash coupon payable at maturity which is equivalent to 10% of the sum assured and guaranteed cash value which is equivalent to the amount of the sum assured. The guaranteed maturity benefit is about117.4% of the total premium paid if Annual & Prepayment of Reminding Year Premium option is chosen.

• Flexible payment option

  Two premium payment methods named Annual or Annual & Prepayment of remaining Year Premium Option2 are available for you to choose. The Plan allows you to prepay the 2nd year premium at the outset with a guaranteed interest rate of 2.71% per annum.

• Life protection

  In the unfortunate event of death of the insured whilst the policy is in force, a death benefit⁶ is payable to the beneficiary. The amount is equivalent to 101% of the total premium due and paid or guaranteed cash value at the date of the death of the insured, whichever is higher. The balance of prepaid premium and accumulated dividends with interest will also be payable.

• Simplified underwriting

  To enable you to achieve your goal at ease, application for the Plan is easy with simplified underwriting procedures and no medical examination is required.

Remarks:
1.If the required renewal premium is paid by the policyholder within the grace period, this policy shall continue to be in force. For details of the provisions, please refer to the policy provisions issued by China Life Overseas Company. If the policy is lapsed or surrendered, the policy cash value received by the policyholder may be considerably less than the total amount of the premium paid.
2. If customers opt for Annual & Prepay for Remaining Year Premium option, they can withdraw the unused prepaid premium (including interest, if any) at one time and China Life Overseas Company will charge 2% of the withdrawal amount as withdrawal fee. The minimum charge will be HKD 200 or USD 25. The prepaid premium can be withdrawn in lump sum and for once only.
3. If the policyholder chooses to withdraw any annual dividends (non-guaranteed), the annual dividends (non-guaranteed) withdrawn will no longer be accumulated as part of the projected policy cash balance nor projected death benefit.
4. Annual dividends and interest are not guaranteed. The actual benefits and/or returns may be lower or higher than the estimates. China Life Overseas Company reserves the right to revise the annual dividends and rate of interest from time to time. The actual amount of annual dividends is subject to the overall performance of China Life Overseas Company’s participating business, including investment return, operational expenses and claims, etc.. Please refer to the respective insurance proposal for the details.
5. Projected cash balance is inclusive of accumulated dividends with interest, guaranteed cash coupon and guaranteed cash value, and is subject to any deduction of any withdrawal charge of prepaid premium and indebtedness (if any). Projected cash balance (non-guaranteed) is exclusive of prepay remaining premium.
6. Projected death benefit is equivalent to 101% of the total premium due and paid or guaranteed cash value at the date of death of the insured (whichever is higher) after deduction of any policy loan (if any). China Life Overseas Company will deduct any policy loan (if any) prior to death benefit payout.

Features

• Flexible choices to fit your needs

  The Plan offers a choice of 2 different premium payment methods. You may select from Annual or Annual & prepayment of 2nd Year with discount to be the payment method according to your own financial status so that you can achieve your financial goal relaxingly and flexibly.

• Abundant harvest on maturity

  The Plan has a guaranteed maturity benefit. You will be entitled to it on attaining the select term. With this desirable harvest, you can fulfill different dreams and enjoy a wonderful life.

• Guaranteed cash value

  The policy will acquire a guaranteed maturity cash value after it is effected, and will escalate gradually over the policy term. In case of emergency, you may also apply for a policy loan for extra financial flexibility.

• Life protection

  The plan provides death benefit equal to 101%of the premium paid or the guaranteed cash value (whichever is higher).

Features

• 3.19% p.a. guaranteed dividends

  The Plan offers you yearly guaranteed dividend which is equal to 3.19% of the accumulated premium due and paid (less the Cash Coupons paid-out (if any)). You can withdraw the guaranteed dividends or accumulate them.

• 3 Times cash coupons

  The insurance period of the Plan is 6 years. Cash coupons will be paid 3 times in total during the policy effective period to let you have greater flexibility to manage your wealth. You will be paid the yearly cash coupon which is equal to the amount of annual premium starting from the end of 4th policy year till the end of 6th policy year. You can choose to withdraw the cash coupons or accumulate them.

• 101% life protection

  In the event of the death of the insured during the policy effective period, the death benefit which is equal to 101% of the accumulated premium due and paid (less the cash coupons paid-out, if any) or the guaranteed cash value of the policy, whichever is higher, will be paid to the beneficiary after deducing all indebtedness. Any accumulated dividends, accumulated cash coupons with interest in the policy account will be paid to beneficiary altogether. The plan can provide stable returns and comprehensive life protection to you at the same time.

• Favorable accumulated interest

  You may accumulate all guaranteed dividends and cash coupons in your policy account until policy maturity.