Whole Life Insurance protects you at every stage of life

We face a lot of uncertainties and risks everyday. Life Insurance protects your family in the event of your death. We offer a range of life insurance products to suit your protection needs at every stage of life.

Wealth ICON Supreme III Insurance Plan
(The life insurance plan is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability).)
The plan is a participating insurance plan delivers medium-to-long-term wealth growth potential, with capital guarantee and protection as your wealth grows.


The Plan is a participating insurance plan that offers you potential capital growth.


The Plan is a participating insurance plan that offers various policy currencies for you to choose from.


The Plan is a participating insurance plan that provides with a guaranteed cash coupon every year.


The Plan is a participating insurance plan that you only need to pay premium at one go to enjoy whole life protection.


The Plan is a participating insurance plan that you can enjoy whole life protection by paying premium for 2 years or 5 years.


The Plan is a participating insurance plan offers a policy currency conversion option (eight policy currencies available).



MaxFocus Legacy Insurance Plan 
(The life insurance plan is underwritten by FWD Life Insurance Company (Bermuda) Limited. (Incorporated in Bermuda with limited liability))

Wealth ICON Supreme III Insurance Plan
(The life insurance plan is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability).)

 

Plan Features

Capture potential growth on your savings with peace of mind

Wealth ICON Supreme III Insurance Plan is conceived to secure your assets with addition of medium-to-long-term growth opportunities. Offering comprehensive benefits - a guaranteed cash value, annual dividends* (non-guaranteed) and special bonus* (non-guaranteed), it will give you the versatility you need to expand on your financial achievement for your dreams or a fulfilling retirement. For details, please refer to the section of dividend / bonus information & investment strategy.

 

*The actual amount of annual dividend(if any) and special bonus(if any) may change anytime, with the values being higher or lower than those projected figure. Under some circumstances, the non-guaranteed benefits may be zero.

 

Convenience of one-time payment for a lifetime of potential returns

To help you plan your financial future at ease, you only need to pay premium at one go to address your needs of saving and life insurance protection. Your Plan starts off with a relatively high guaranteed cash value, and provides the potential to achieve higher returns in long run.

 

You decide how you withdraw

Once your wealth has grown to a level you’re satisfied with, you choose when and how you withdraw (Note 1) in a lump sum or regular instalments* based on your goals or needs.

Legacy for many lifetimes

If your goal is to leave a sizeable legacy for your kids and grandkids, just keep accumulating your wealth. You can change the insured after the end of the 1^st policy year for unlimited times, to leave an ongoing legacy.

 

Split your policy as you wish

With the policy-split option, you can split your policy into two or more policies starting from the 5th policy anniversary as a legacy planning solution.

 

Secure your wealth

From the 15^th policy year, you can convert part of the special bonus into annual dividends by exercising the special bonus lock-in option under your Plan which enables you to secure your wealth.

 

* The future benefits will be reduced if withdrawals are made. If you exercise withdrawal in early policy years, the amount withdrawn together with the policy values remained in the policy may be considerably less than the total amount of premiums you paid. For details, please refer to Note 1.

 

Notes:

 

1)      Cash withdrawal

Any amount withdrawn will be taken from the accumulated annual dividends and interest (if any). If there is not enough value in the accumulated annual dividends and interest (if any), the remaining withdrawal amount will be taken from the guaranteed cash value and special bonus (if any) as a partial surrender. Any partial surrender will reduce the notional amount. The single premium paid, subsequent guaranteed cash value, annual dividends (if any) and special bonus (if any) will be reduced on a proportional basis from the effective date of partial surrender, according to the reduction in notional amount. Surrender benefit and death benefit will be reduced accordingly. If cash withdrawal and special bonus lock-in option are exercised on the same day, the special bonus will first be converted as part of accumulated annual dividends. 

 

You can apply for the regular withdrawal service by written application from the 1st policy anniversary and while the policy is still in effect. When the application is approved, the selected withdrawal amount will be directly credited to the designated account of policy owner. The minimum monthly withdrawal amount is HK$1,000 / US$125 / RMB800, and the maximum annual withdrawal amount is 5% of the policy value, which may be determined in FWD’s sole discretion from time to time. If you exercise the regular withdrawal service in early policy years, the amount withdrawn together with the policy values remained in the policy may be considerably less than the total amount of premiums you paid. FWD will terminate the regular withdrawal service if the notional amount after the withdrawal would be below the minimum amount prescribed by FWD. For detailed termination conditions of regular withdrawal service, please refer to the policy provisions.

 

More details about the Wealth ICON Supreme III Insurance Plan, please refer to the Product Brochure.

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Joyful Legend Insurance Plan
(The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

Plan Features

Multiple potential returns to accelerate wealth building

The Plan is a participating insurance plan that offers you potential capital growth. Its policy value consists of the following components: 
Guaranteed cash value grows over the policy years helping you accumulate wealth. Terminal dividend¹ is a one-off non-guaranteed dividend, which is payable from the 5^th policy anniversary upon certain events. 
Total amount of terminal dividend management account² is equivalent to locked-in terminal dividend and accumulated interest³ (if any) less withdrawal amount (if any). 

Terminal dividend management option to help you lock in gains 

To facilitate your financial need, starting from the 15^th policy anniversary and every policy anniversary thereafter, you can apply to exercise the “terminal dividend management option”² to lock in a designated percentage of the terminal dividend of the policy. This option can only be exercised once for each policy year. The minimum percentage for each application is 10% and the maximum aggregate percentage of all applications is 50%. The terminal dividend which is applied to lock in will be transferred to the terminal dividend management account and will become locked-in terminal dividend. The locked-in terminal dividend will then be guaranteed and will accumulate with interest³ (if any) at a non-guaranteed rate. You may also withdraw from the terminal dividend management account for extra liquidity. 

Unlimited change of insured to pass on wealth across generations 

China Life (Overseas) understands you wish to provide your loved ones with a secure financial future. This is why the Plan features the “change of insured” option⁴, allowing you to change the insured starting from the 1^st policy anniversary, you can change the insured for unlimited times while the insured is alive, giving your wealth more time to grow. Together with the change of policyholder, you can pass the policy down through generations. 

Contingent insured to sustain insurance coverage 

You can appoint and prioritize a maximum of 2 contingent insureds⁵ at a time while the insured is alive and the policy is in force. In case the insured unfortunately passes away, China Life (Overseas) will arrange the contingent insured who is first in line to be the new insured according to relevant administrative procedures and orders. The policy will continue to be effective and the policy value will keep growing. Together with the change of policyholder, you can pass on a legacy to future generations. 

Death benefit 

In case the insured unfortunately passes away while the policy is in force, and the contingent insured⁵ (if any) does not become the insured under the policy, China Life (Overseas) will pay the beneficiary a death benefit which is equal to the higher of: 

(i)101% of accumulated premium due and paid of the basic plan at the date of death of the insured; 
(ii)Or sum of guaranteed cash value and non-guaranteed terminal dividend¹ (if any) of the basic plan at the date of death of the insured plus the total amount of terminal dividend management account² (if any), 
less all indebtedness (if any). 
The policy will be terminated after China Life (Overseas) has paid the death benefit fully. 

Flexible access to your wealth for matching your needs 

To realize your financial goals, you can partially withdraw the guaranteed cash value and non-guaranteed terminal dividend¹ through reducing the basic amount⁷. The policy value and death benefit will be reduced accordingly while the total amount of terminal dividend management account² (if any) will remain unchanged. 

Alternatively, you can apply for policy loan from China Life (Overseas) to borrow part of the guaranteed cash value when needed, while keeping the policy in force. Interest on policy loan which is not guaranteed will be charged at a rate determined by China Life (Overseas) from time to time. 

Simplified underwriting 

To enable you to achieve your goals with ease, application of the Plan is easy. Simplified underwriting procedures are available and no medical examination is required. 

Notes : 

1.Terminal dividend is a one-off dividend and is non-guaranteed. Amount of terminal dividend shown in proposal illustration is just an indicative figure. Declared terminal dividend is not perpetually attached to the policy. It may be reduced or increased at subsequent declarations. Its actual amount will only be determined when it becomes payable. The actual amount may be lower or higher than the projected figure. Under some circumstances, actual amount of terminal dividend may be zero. The amount of the terminal dividend is affected by various factors including but not limited to the performance of the underlying investments, so the amount is relatively volatile and will move up and down over time. China Life (Overseas) reserves the right to revise the terminal dividend from time to time. Past record is not necessarily indicative of future result. For more information, please refer to ”Dividend philosophy” and “Investment strategy” under “Important information” and “Non-guaranteed benefit” risk.

Starting from the 5^thpolicy anniversary, the terminal dividend shall be paid upon the occurrence of the earliest of the following conditions:

(i)when China Life (Overseas) pays the death benefit (only applicable if the sum of guaranteed cash value and terminal dividend (if any) of the basic plan at the date of death of the insured is higher than 101% of accumulated premium due and paid (will be pro rated if basic amount has been amended) of the basic plan); or 
(ii)when the policy is partially surrendered; or 
(iii)when the policy is terminated for any reason other than China Life (Overseas) pays the death benefit. 

2.For application to exercise the “terminal dividend management option”, such application must be received by China Life (Overseas) within 30 days from the relevant policy anniversary (including the date of policy anniversary). The option will only be exercised provided that the application fulfills the application requirement and is confirmed by China Life (Overseas). There is no limitation on the number of times of exercising this option when the policy is in force, but the policyholder can apply to exercise this option in writing only once for each policy year. China Life (Overseas) will process the exercise of this option only once for each written application. There must be no unpaid premium or indebtedness in the policy during application to exercise this option. The amount of locked-in terminal dividend is guaranteed after China Life (Overseas)’s approval of the application. Once the application is approved by China Life (Overseas), the terminal dividend which is applied to lock in will be transferred to the terminal dividend management account as soon as practicable. The locked-in terminal dividend will be deposited with China Life (Overseas) to accumulate interest (if any) and the interest (if any) will be accrued annually at a rate to be determined by China Life (Overseas) at its sole discretion from time to time. You can submit request to China Life (Overseas) to withdraw part or all of the locked-in terminal dividend and accumulated interest (if any) from terminal dividend management account in a lump sum without surrendering the policy. The withdrawal amount is subject to minimum requirement imposed by China Life (Overseas) from time to time. 

The actual amount of the locked-in terminal dividend will only be determined after the application has been approved by China Life (Overseas). The total amount of terminal dividend management account is equivalent to locked-in terminal dividend and accumulated interest (if any) less withdrawal amount (if any) from the terminal dividend management account. Upon the completion of transferring the terminal dividend to the terminal dividend management account by China Life (Overseas) as per application, the terminal dividend (if any) of the relevant policy year and subsequent policy years will be adjusted proportionally. Locked-in terminal dividend will not be allowed to be reset or reversed to terminal dividend. For details, please refer to the policy provisions. 

3.The interest and interest rate are not guaranteed. The actual benefits and/or returns may be lower or higher than estimates. China Life (Overseas) reserves the right to revise the interest from time to time. 

4.When China Life (Overseas) receives the written application for the “change of insured”, the age of the new insured shall meet the following requirements: 
(a) If the new insured’s attained age exceeds the first insured’s attained age, the attained age of the new insured shall not exceed age 65; or 
(b) If the new insured’s attained age is equal to or below the first insured’s attained age, the attained age of the new insured shall not exceed age 80. 

China Life (Overseas) must be satisfied with the insurable interest between the new insured and the policyholder. Both the current insured and the new insured must be alive at the time of applying for the change of insured. Such request must fulfill the related administration procedure of China Life (Overseas). The policy’s basic amount, guaranteed cash value, policy date, policy year, premium expiry date, the latest date of reinstatement of the policy (if any), accumulated premium due and paid, death benefit, settlement option of death benefit, terminal dividend (if any), terminal dividend management option (if any), total amount of terminal dividend management account (if any) and indebtedness (if any) will not be changed due to the change of insured. 

5.When China Life (Overseas) receives the written request for “designating the contingent insured”, the age of the contingent insured(s) shall meet the following requirements: 
(a) If the contingent insured(s)’ attained age (on an individual basis if more than 1 contingent insured) exceeds the first insured’s attained age, the attained age of the contingent insured(s) shall not exceed age 65; or 
(b) If the contingent insured(s)’ attained age (on an individual basis if more than 1 contingent insured) is equal to or below the first insured’s attained age, the attained age of the contingent insured(s) shall not exceed age 80. 

China Life (Overseas) must be satisfied with the insurable interest between the contingent insured(s) and the policyholder. Such request must fulfill the related administration procedure of China Life (Overseas). The policy’s basic amount, guaranteed cash value, policy date, policy year, premium expiry date, the latest date of reinstatement of the policy (if any), accumulated premium due and paid, death benefit, settlement option of death benefit, terminal dividend (if any), terminal dividend management option (if any), total amount of terminal dividend management account (if any) and indebtedness (if any) will not change after the contingent insured becomes the insured. 

6.For the instalment option (i.e. option 2 to 5), starting from the payment date of the first instalment until the total amount of death benefit have been paid, interest (if any) will be accrued monthly on the remaining balance of death benefit at a rate to be determined by China Life (Overseas) at its sole discretion from time to time. The accumulated interest (if any) will be paid together with the last instalment of death benefit. If the beneficiary(ies) dies at any time before China Life (Overseas) has fully paid the death benefit, China Life (Overseas) shall pay the remaining balance of the death benefit with accumulated interest (if any) in a lump sum payment to the respective personal representative for the estate of the deceased beneficiary(ies) (in accordance with their entitlement, where applicable). The policy shall terminate when the death benefit is paid in full. 

(i) If the total amount of death benefit at the date of death of the insured is less than HKD400,000/USD50,000; or (ii) the annualized amount of instalment(s) of death benefit is less than HKD20,000/USD2,500 (applicable to options 2 to 5); or (iii) the policyholder does not specify any settlement option; or (iv) any of the beneficiary(ies) of the policy is not a natural person, China Life (Overseas) will apply option 1 and pay out the benefit amount to the beneficiary in a lump sum. 

7.“Basic amount” means the amount shown on the policy information page or endorsement as the “basic amount”. The basic amount is used to calculate the premium and relevant values of the policy, but is not applicable to the calculation of the death benefit. If the basic amount has been amended while the policy is in force, the said premium and relevant values of the policy will be adjusted accordingly.   

8.If the required renewal premium is paid by you within the grace period, the policy shall continue to be in force. For details, please refer to the policy provisions issued by China Life (Overseas). If the policy is lapsed or surrendered early, the policy cash value received by you may be considerably less than the total amount of the premiums paid. 

9.If you choose the annual and premium prepayment option, you can withdraw the unused prepaid premium (including interest, if any) at one time. China Life (Overseas) will charge 2% of the withdrawal amount, at a minimum amount of HKD100/USD12.5. You can withdraw the unused prepaid premiums once only. The interest rate of prepaid premium is 4% p.a. and this interest rate is guaranteed.

More details about the the Joyful Legend Insurance Plan, please refer to the Product Brochure.

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Wise Legend Multi-Currency Insurance Plan (Excel)
(The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

Plan Features

Multiple potential returns to accelerate wealth building 
The Plan is a participating insurance plan that offers you potential capital growth. The policy value consists of the following components: 
Guaranteed cash value grows over the policy years helping you accumulate wealth. 
Terminal dividend¹ is a one-off non-guaranteed dividend, which is payable from the 5th policy anniversary upon certain events. 
Total amount of terminal dividend management account² is equivalent to locked-in terminal dividend and interest3 (if any) less withdrawal amount (if any). 

Switch policy currency to keep pace with market trends 
Whenever you wish to capture currency opportunities, fund your children’s education aboard or stay overseas after retirement, the Plan is a good fit for you. 

Between 60 days and 90 days (both days inclusive) before the 3^rd policy anniversary and before every policy anniversary thereafter, you can choose to exercise the “currency conversion option” ^4,5 at any time to change the existing policy currency to other policy currency. China Life (Overseas) offers various policy currencies for you to choose from, please refer to enrollment terms in the below for details. Your policy will be converted to a policy (“new policy”) in the specified plan of the designated currency at the time of conversion. The policy effective date of the new policy will remain the same after the policy currency switch and the wealth will continue to accumulate. 

The policy values of the existing policy will be transferred to the new policy currency based on the prevailing currency exchange rate on the currency conversion option effective date. The basic amount, guaranteed cash value, non-guaranteed terminal dividend¹ (if any) and the future premium payable (if any) of the new policy will be determined and adjusted. 

Terminal dividend management option to help you lock in gains 

To facilitate your financial need, starting from the 15^th policy anniversary and every policy anniversary thereafter, you can apply to exercise the “terminal dividend management option”² to lock in a designated percentage of the terminal dividend of the policy. This option can only be exercised once for each policy year. The minimum percentage for each application is 10% and the maximum aggregate percentage of all applications is 50%. The terminal dividend which is applied to lock in will be transferred to the terminal dividend management account and will become locked-in terminal dividend. The locked-in terminal dividend will then be guaranteed and will accumulate with interest³ (if any) at a non-guaranteed rate. You may also withdraw from the terminal dividend management account for extra liquidity. 

Split your policy and pass it to your loved ones 

You can distribute your wealth in the way you choose by exercising the hassle-free “policy split option” ⁶, which allows you to divide your policy into multiple policies as you wish, whether you desire to pass your wealth to your next generation or prepare funds for your own moving aboard.

Starting from the 5^th policy anniversary or the premium expiry date (whichever is later), you may exercise the “policy split option” ⁶ at any time to split the original policy into two or more new policies according to the designated percentages. 

Once the policy split is completed, you may also apply for change of insured⁷ and exercise currency conversion option^{4, 5} to allocate your legacy and enjoy greater flexibility on wealth allocation. 

Unlimited change of insured to pass on wealth across generations 

China Life (Overseas) understands you wish to provide your loved ones with a secure financial future. This is why the Plan features the “change of insured option” ⁷, allowing you to change the insured starting from the 1^st policy anniversary for unlimited times while the insured is alive. The benefit term of the policy will be extended to whole life of the new insured upon each change, giving your wealth more time to grow and pass on through generations. 

Contingent insured to sustain insurance coverage 

You can appoint and prioritize a maximum of 2 contingent insureds⁸ at a time while the insured is alive and the policy is in force. In case the insured unfortunately passes away, China Life (Overseas) will arrange the contingent insured who is first in line to be the new insured according to relevant administrative procedures and orders. The policy will continue to be effective so as to protect your legacy for future generations. 

Life protection provides peace of mind to your loved ones 

Death benefit 

In case the insured passes away when the policy is in force and there is no contingent insured under the policy, China Life (Overseas) will pay the beneficiary a death benefit which is equal to the higher of: 
(i)105% of the accumulated premium due and paid of the basic plan at the date of death of the insured, or 
(ii)sum of guaranteed cash value and non-guaranteed terminal dividend¹ (if any) of the basic plan at the date of death of the insured, plus the total amount of terminal dividend management account² (if any), 
less all indebtedness (if any). 
The policy will be terminated after China Life (Overseas) pays the death benefit in full. 

Flexible access to your wealth to match your needs 

To realize your financial goals, you can partially withdraw the guaranteed cash value and non-guaranteed terminal dividend¹ (if any) through reducing the basic amount9. The policy value will be reduced accordingly while the total amount of terminal dividend management account² (if any) will remain unchanged. 

Alternatively, you can apply for policy loan (applicable to USD and HKD policies only) to borrow part of the guaranteed cash value when needed, while keeping the policy in force. Interest on policy loan is not guaranteed and will be charged at a rate determined by us from time to time. 

Premium holiday offers extra flexibility 

In case of unexpected incident or immediate financial need, you can exercise a premium holiday¹⁰ of up to 2 years starting from the 2^nd policy anniversary to suspend premium payment while the policy will remain in force, subject to the applicable terms and conditions determined by us from time to time. 

24-hour worldwide emergency assistance service 

If the insured is diagnosed with an illness or is injured in an accident outside the country of residence, he/she can access comprehensive coverage under the free 24-hour worldwide emergency assistance service¹¹.

Medical and elderly care assistance services 

A series of assistance services¹¹ are available for the Plan, including online health information, home care assessment, home care booking service, elderly centre consultation, outpatient appointment and medicine delivery service. 

Simplified underwriting 

To enable you to achieve your goals with ease, application of the Plan is easy. Simplified underwriting procedures are available and no medical examination is required. 

Notes : 

1.Terminal dividend is a one-off dividend and is non-guaranteed. Amount of terminal dividend shown in proposal illustration is just an indicative figure. Declared terminal dividend is not perpetually attached to the policy. It may be reduced or increased at subsequent declarations. Its actual amount will only be determined when it becomes payable. The actual amount may be lower or higher than the projected figure. Under some circumstances, actual amount of terminal dividend may be zero. The amount of the terminal dividend is affected by various factors including but not limited to the performance of the underlying investments, so the amount is relatively volatile and will move up and down over time. China Life (Overseas) reserves the right to revise the terminal dividend from time to time. Past record is not necessarily indicative of future result. For more information, please refer to ”Dividend philosophy” and “Investment strategy” under “Important information” and “Non-guaranteed benefit” risk. 

Starting from the 5^th policy anniversary, terminal dividend shall be paid upon the occurrence of the earliest of the following conditions: 
(i)when China Life (Overseas) pays the death benefit (only applicable if the sum of guaranteed cash value and terminal dividend of the basic plan at the date of death of the insured is higher than 105% of accumulated premium due and paid of the basic plan); or 
(ii)when the policy is surrendered by the policyholder. 

2.For application to exercise the “terminal dividend management option”, such application must be received by China Life (Overseas) within 30 days from the relevant policy anniversary (including the date of policy anniversary). The option will only be exercised provided that the application fulfills the application requirement and is confirmed by China Life (Overseas). The policyholder can apply to exercise “terminal dividend management option” in writing only once for each policy year. China Life (Overseas) will process the exercise of this option only once for each written application. There must be no premium due and unpaid or indebtedness in the policy during application to exercise this option. The amount of locked-in terminal dividend is guaranteed after China Life (Overseas)’s approval of the application. Once the application is approved by China Life (Overseas), the terminal dividend which is applied to lock in will be transferred to the terminal dividend management account as soon as practicable and will become locked-in terminal dividend. The locked-in terminal dividend will be deposited with China Life (Overseas) to accumulate interest (if any) and the interest (if any) will be accrued annually at a rate to be determined by China Life (Overseas) at its sole discretion from time to time. You can submit request to China Life (Overseas) to withdraw part or all of the locked-in terminal dividend and accumulated interest (if any) from terminal dividend management account in a lump sum without surrendering the policy. The withdrawal amount is subject to minimum requirement imposed by China Life (Overseas) from time to time. 

The actual amount of the locked-in terminal dividend will only be determined after the application has been approved by China Life (Overseas). The total amount of terminal dividend management account is equivalent to locked-in terminal dividend and accumulated interest (if any) less withdrawal amount (if any) from the terminal dividend management account. Upon the completion of transferring the terminal dividend to the terminal dividend management account by China Life (Overseas) as per application, the terminal dividend (if any) of the relevant policy year will be adjusted proportionally. Locked-in terminal dividend will not be allowed to be reset or reversed to terminal dividend. For details, please refer to the policy provisions. 

3.The interest rate is not guaranteed. The actual benefits and/or returns may be lower or higher than estimates. China Life (Overseas) reserves the right to revise the interest from time to time. 

4.While this Plan is in force, between 60 days to 90 days (both days inclusive) before the 3rd policy anniversary and before every policy anniversary thereafter, you may submit application for exercising the currency conversion option to change the policy currency to a different currency available for selection (“new policy currency(ies)”), by exchanging this Plan to a policy under the plan designated by China Life (Overseas) at the time (“new policy”) available in the new policy currency. All benefits, terms and condition will follow from those as provided by the new policy. There could be a material difference between this Plan and the new policy. Material difference includes but not limited to: product features (i.e. benefits, terms and conditions, investment strategy, target asset mix and relevant investment return and limitation). The currency conversion option may not be available in the new policy after exercising the currency conversion option, which means you may not be able to further change the policy currency of the new policy and in a worst-case scenario, it may only be a one-time option depending on the new policy’s product features. 

There is no limitation on the number of times of exercising the currency conversion option. The new policy currencies available for selection are policy currencies China Life (Overseas) makes available for selection at the time when applying for currency conversion option.
For the policy year in which the currency conversion option is exercised under the Plan, the policyholder cannot apply currency conversion option for the new policy in the same policy year. 

Application of currency conversion option is subject to the followings: 

a)the basic amount of the new policy must not be less than the minimum basic amount of the basic plan determined by China Life (Overseas) at the time after exercising currency conversion option; 
b)there is no premium due and unpaid or indebtedness under the policy (if any); 
c)the Plan is not in the period which the premium holiday is in effect; 
d)there is no claim pending for approval under the policy; 
e)the new policy currency is not demonetized by the issuance country or region when exercising currency conversion option; and 
f)no change, cancellation, withdrawal or termination by the policyholder will be allowed once the application is submitted to China Life (Overseas) for exercising the currency conversion option. 

Upon China Life (Overseas)’s approval on the application of currency conversion option, the following will be applied: 
(i)the currency conversion option will be effective provided that the application is approved by China Life (Overseas) with remarks duly signed by China Life (Overseas)’s authorized signatory(ies) or endorsements. The effective date of currency conversion option will be the date of China Life (Overseas)’s approval for such application (according to China Life (Overseas)’s record); 
(ii)the policy will be terminated immediately and the new policy will take effect immediately when the currency conversion option is effective; 
(iii)the policy year, policy date, policy effective date and the date of latest reinstatement (if any) of new policy will be the same as the policy year, policy date, policy effective date and the date of latest reinstatement (if any) of the policy as of the currency conversion option effective date; 
(iv)the policyholder, insured and beneficiary(ies) (with the respective designated percentage) of new policy will be the same as the policyholder, insured and beneficiary(ies) (with the respective designated percentage) of the policy as of the currency conversion option effective date; 
(v)the settlement option of death benefit, contingent insured(s) and sequence of contingent insured(s) of new policy will have to be designated again by the policyholder； 
(vi)cooling-off period will not be applicable to the new policy; 
(vii)if any rider(s) is/are attached to the policy, the rider(s) will be changed to the new policy currency by the prevailing currency exchange rate and be attached to the new policy and remain in force unless the new policy currency is not available in such rider(s) or the amount of the rider(s) is less than the minimum amount(s) determined by China Life (Overseas) at the time as a result of any reduction of the basic amount of the policy pursuant to 
(viii) below. If the new policy currency is not available in such rider(s) or the amount of the rider(s) is less than the minimum amount(s) determined by China Life (Overseas) at the time, the rider(s) will be terminated immediately when the currency conversion option is effective; 
(viii)the basic amount, guaranteed cash value and non-guaranteed terminal dividend (if any) of the policy as of the currency conversion option effective date will be adjusted (may increase or decrease) and transferred to the new policy based on factors including but not limited to the prevailing currency exchange rate, the investment yield and asset values of the existing and new underlying portfolio of assets, and/or the cost of transactions from the existing to new assets; 
(ix)the future premium payable (if any) of the new policy will be determined based on the basic amount of new policy; 
(x)the total amount of terminal dividend management account (if any), accumulated premium due and paid and the prepaid premium balance (if any) of the policy as of the currency conversion option effective date will be transferred to the new policy and exchanged to the new policy currency based on the prevailing currency exchange rate on the currency conversion option effective date, and interest (if any) will accrue annually on the total amount of terminal dividend management account (if any) of the new policy at a rate applicable to the new policy currency and to be determined by China Life (Overseas) at its sole discretion from time to time; 
(xi)similar terminal dividend management option will also be applicable to the new policy but if the terminal dividend management option has been exercised under the policy, the aggregate of the percentage of the declared terminal dividend during the relevant policy year designated by the policyholder in all applications under the policy will be included in the calculation for determining whether the maximum limit for the aggregate of the percentages of the declared terminal dividend during the relevant policy year designated by the policyholder in all applications for exercising the terminal dividend management option under the new policy will be exceeded; 
(xii)similar currency conversion option will also be applicable to the new policy starting from the policy year immediately after the policy year in which currency conversion option becomes effective; and 
(xiii)similar premium holiday will also be applicable to the new policy but if the premium holiday has been exercised under the policy, all applications for exercising the premium holiday in respect of the policy and the new policy are subject to the maximum aggregate premium holiday period in accordance with relevant clause of the benefit provisions. 

5.The interest rate of the prepaid premiums will also be changed according to the policy currency. If you exercise the currency conversion option before the renewal premium due date, the interest rate of the prepaid premiums after the conversion may be lowered and the prepaid premiums and its interest may not be sufficient to cover the subsequent renewal premiums and you may be required to pay the resulting premium difference. 

6.There is no limitation on the number of split policies for exercising the policy split option. For the policy year in which the policy split option is exercised under the policy, the policyholder cannot apply policy split option for the split policy(ies) in the same policy year. Application for exercising the policy split option is subject to the followings: 
a)the basic amount of each split policy must not be less than the minimum basic amount of the basic plan determined by China Life (Overseas) at the time; 
b)the sum of split percentage of all split policies equals to 100%; 
c)there is no premium due and unpaid or indebtedness under the policy (if any); 
d)there is no claim pending for approval under the policy; and 
e)no change, cancellation, withdrawal or termination by the policyholder will be allowed once the application is submitted to China Life (Overseas) for exercising the policy split option. 

Upon China Life (Overseas)’s approval on the application of policy split option, the following will be applied: 
(i)the policy split option will be effective provided that the application is approved by China Life (Overseas) with remarks duly signed by China Life (Overseas)’s authorized signatory(ies) or endorsements. The effective date of policy split option will be the date of China Life (Overseas)’s approval for such application (according to China Life (Overseas)’s record); 
(ii)the policy will be terminated immediately and the split policies will take effect immediately when the policy split option is effective; 
(iii)the policy year, policy date, policy effective date and the date of latest reinstatement (if any) of each split policies will be the same as the policy year, policy date, policy effective date and the date of latest reinstatement (if any) of the policy as of the policy split option effective date; 
(iv)the policyholder, insured and beneficiary(ies) (with the respective designated percentage) of the split policies will be the same as the policyholder, insured and beneficiary(ies) (with the respective share percentage) of the policy as of the policy split option effective date; 
(v)the settlement option of death benefit, contingent insured(s) and sequence of contingent insured(s) of the split policies will be the same as the settlement option of death benefit, contingent insured(s) and sequence of contingent insured(s) of the policy as of the policy split option effective date; 
(vi)cooling-off period will not be applicable to the split policies; 
(vii)all rider(s) under the policy (if any) will be terminated immediately on the policy split option effective date; 
(viii)the basic amount, guaranteed cash value, non-guaranteed terminal dividend (if any) and total amount of terminal dividend management account (if any) of the policy as of the policy split option effective date will be allocated to each split policy according to the corresponding split percentage; 
(ix)the accumulated premium due and paid of the policy as of the policy split option effective date will be allocated to each split policy according to the corresponding split percentage; 
(x)the total amount of terminal dividend management account (if any) of the policy as of the policy split option effective date will be allocated to each split policy according to the corresponding split percentage and interest (if any) will accrue annually on the total amount of terminal dividend management account (if any) of each split policy at a rate to be determined by China Life (Overseas) at its sole discretion from time to time; 
(xi)similar terminal dividend management option will also be applicable to each split policy but if the terminal dividend management option has been exercised under the policy, the aggregate of the percentage of the declared terminal dividend designated by the policyholder in all applications under the policy will be included in the calculation for determining whether the maximum limit for the aggregate of the percentages of the declared terminal dividend designated by the policyholder in all applications for exercising the terminal dividend management option under each split policy will be exceeded; 
(xii)similar policy split option will also be applicable to each split policy starting from the policy year immediately after the policy year in which the policy split option becomes effective; and 
(xiii)unless otherwise specified above, all benefits, terms and conditions of each split policy will be the same as the policy. 

7.When China Life (Overseas) receives the written request for the “change of insured”, the age limit for the new insured is as follows: 
a)if the new insured’s attained age exceeds the 1st insured’s attained age, the attained age of the new insured shall not exceed age 65; or 
b)if the new insured’s attained age is equal to or below the 1st insured’s attained age, the attained age of the new insured shall not exceed age 80; 
China Life (Overseas) must be satisfied with the insurable interest between the new insured and the policyholder. Both the current insured and the new insured must be alive at the time of the application for changing the insured. Such request must fulfill the related administration procedure of China Life (Overseas). The policy’s basic amount, guaranteed cash value, policy date, policy year, premium expiry date, the latest date of reinstatement of the policy (if any), accumulated premium due and paid, death benefit, settlement option of death benefit, terminal dividend (if any), terminal dividend management option (if any), total amount of terminal dividend management account (if any), policy split option (if any), currency conversion option (if any), premium holiday (if any) and indebtedness (if any) will not be changed as a result of the change of insured. 

8.When China Life (Overseas) receives the written request for “designating the contingent insured”, the age limit for the contingent insured(s) is as follows: 
a)if the contingent insured(s)’ attained age (on an individual basis if more than 1 contingent insured) exceeds the 1st insured’s attained age, the attained age of contingent insured(s) shall not exceed age 65; or 
b)if the contingent insured(s)’ attained age (on an individual basis if more than 1 contingent insured) is equal to or below the 1st insured’s attained age, the attained age of the contingent insured(s) shall not exceed age 80; 
China Life (Overseas) must be satisfied with the insurable interest between the contingent insured(s) and the policyholder. Such request must fulfill the related administration procedure of China Life (Overseas). The policy’s basic amount, guaranteed cash value, policy date, policy year, premium expiry date, the latest date of reinstatement of the policy (if any), accumulated premium due and paid, death benefit, settlement option of death benefit, terminal dividend (if any), terminal dividend management option (if any), total amount of terminal dividend management account (if any) , policy split option (if any), currency conversion option (if any), premium holiday (if any) and indebtedness (if any) will not be changed after the contingent insured becomes the insured. 

9.“Basic amount” means the amount shown on the policy information page or endorsement as the “basic amount”. The basic amount is used to calculate the premium and relevant values of the policy, but is not applicable to the calculation of the death benefit. If the basic amount has been amended while the policy is in force, the said premium and relevant values of the policy will be adjusted accordingly.   

10.Between 60 days and 90 days (both days inclusive) before the 2nd policy anniversary and before every policy anniversary thereafter, the policyholder can submit application to exercise premium holiday and suspend paying premiums for a specified period from the immediately subsequent policy anniversary. It is required to fulfill the below requirements: (a) premium holiday period for each application must be in multiples of 1 year; (b) the aggregate premium holiday period must not exceed 2 years; (c) premium holiday is not applicable to any policy which is currently paying premium by annual and premium prepayment; and (d) the policy has no indebtedness and the policyholder cannot exercise currency conversion option at the time of application of premium holiday and during the period when the premium holiday is in effect. 

After the premium holiday, you should pay the required renewal premium within the grace period so that the policy shall continue to be in force. For more information, please refer to “Non-payment of premium / automatic premium loan” under “Important Information”. 

During the period which the premium holiday is in effect, the premium of the Plan will be suspended in the period(s) designated by the policyholder and the policy will remain in force. China Life (Overseas) will defer the premium due date and premium expiry date of the Plan according to the premium holiday period as designated by the policyholder. The policy date of the Plan will also remain unchanged after exercising premium holiday. Terminal dividend is non-guaranteed and will be subject to adjustment during premium holiday period. 

If no partial policy surrender is made during premium holiday period, the basic amount, guaranteed cash value and accumulated premium due and paid of the Plan will remain unchanged and equal the amount immediately before premium holiday takes effect. If partial policy surrender is made during premium holiday period, the basic amount, guaranteed cash value and accumulated premium due and paid of the Plan which equal the amount immediately before premium holiday takes effect shall be reduced proportionally. 

In addition, all riders (if any) under the policy will be terminated on the effective date of the first premium holiday and no riders can be further added to the policy during the period which the premium holiday is in effect. Partial policy surrender, change of insured and contingent insured are still applicable, whereas any policy loan will not be accepted in the policy when premium holiday is in effect. 

If any benefits of the Plan is payable during the period which the premium holiday is effective, China Life (Overseas) will adjust the related policy values according to the corresponding changes mentioned above. For details, please refer to the policy provisions. 

11.The relevant services are provided by third party service provider and are not part of the policy. China Life (Overseas) will not guarantee the service quality and shall not be liable for any matter in connection with the services. China Life (Overseas) reserves the right to amend the terms and conditions thereof from time to time without prior notice. 

 

More details about the Wise Legend Multi-Currency Insurance Plan(Excel), please refer to the Product Brochure.

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Wealth Insurance Plan II
(The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.) 

Plan Features

More details about the Wealth Insurance Plan II, please refer to the Product Brochure.

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Vertex Insurance Plan (Single Pay)
(The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

1.101% of the accumulated premium due and paid of the Plan; or 
2.sum of guaranteed cash value and non-guaranteed terminal dividend² (if any) of the Plan at the date of death of the insured, 
less all indebtedness (if any). 

More details about the Vertex Insurance Plan (Single Pay), please refer to the Product Brochure.

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Forest Insurance Plan

More details about the Forest Insurance Plan, please refer to the Product Brochure.

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MaxFocus Global Insurance Plan

Plan Features

More details about the MaxFocus Global Insurance Plan, please refer to the Product Brochure.

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MaxFocus Legacy Insurance Plan

Plan Features

More details about the MaxFocus Legacy Insurance Plan, please refer to the Product Brochure.

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For enquiries, please visit any of our outlets or call our customer services hotline.

 

For more details about the products and services of FWD Life Insurance Company (Bermuda) Limited(Incorporated in Bermuda with limited liability), please visit the official website of FWD Life Insurance Company (Bermuda) Limited(Incorporated in Bermuda with limited liability) (www.fwd.com.hk) or please click here and visit the "Product Service Area"^*. ^*This link brings you to a third party website. The Bank assumes no liability or control for your use of these links.

 

For more details about the products and services of China Life Insurance (Overseas) Company Limited, please visit the official website of China Life Insurance (Overseas) Company Limited (www.chinalife.com.hk).

 

Note:

1. All policy dividends, special bonus, the interest rate of accumulated dividend and maturity dividend are non-guaranteed.
2. "Wealth ICON Supreme III Insurance Plan", "MaxFocus Global Insurance Plan" and "MaxFocus Legacy Insurance Plan" are underwritten by FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability). FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) is solely responsible for all features, policy approval, coverage and benefit payment under the Plan. Bank of Communications (Hong Kong) Limited is an appointed insurance agent of FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability).
3. "Joyful Legend Insurance plan","Wise Legend Multi-Currency Insurance Plan(Excel) ","Wealth Insurance Plan II"," Vertex Insurance Plan (Single Pay) " and "Forest Insurance Plan" are underwritten by China Life Insurance (Overseas) Co. Ltd. China Life Insurance (Overseas) Co. Ltd is solely responsible for all features, policy approval, coverage and benefit payment under the Plan. Bank of Communications (Hong Kong) Limited is an appointed insurance agent of China Life Insurance (Overseas) Co. Ltd.
4. The above information is for reference and indicates the key features of the insurance plan only, this promotional material should read in conjunction with the relevant product brochure(s). You should not purchase this product solely on the basis of this promotional material. For full policy terms and conditions, exclusions and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy provision.
5. The above insurance plan is NOT equivalent to the saving deposit or time deposit of Bank of Communications (Hong Kong) Limited and is NOT protected deposit under the Deposit Protection Scheme in Hong Kong.
6. The age of insured mentioned in "Wealth ICON Supreme III Insurance Plan", "MaxFocus Global Insurance Plan" and "MaxFocus Legacy Insurance Plan" refers to the age of the insured at the next birthday.

 

Important Notice:

Applicable to the insurance plan which is underwritten by FWD Life Insurance Company (Bermuda) Limited(Incorporated in Bermuda with limited liability) (“FWD”)

• Bank of Communications (Hong Kong) Limited (the“Bank”) distributes the product for FWD. The insurance plan is a product of FWD but not the Bank. All benefits payable under the insurance plan are subject to the credit risk of FWD.
• Part of the premium pays for the insurance and the related costs. If you discontinue and/or surrender your policy in the early policy years or before the end of the policy term, the amount you get back may be considerably less than the total premium you have paid.
• 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 the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.
• FWD is authorized and regulated by Insurance Authority.
• FWD reserves the right to accept or reject any Insurance Application.

For details, please refer to Disclosure of Important Information to Life Insurance Customers in the product brochure.

 

Applicable to the insurance plan which is underwritten by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”)

• Bank of Communications (Hong Kong) Limited (the“Bank”) distributes the product for China Life (Overseas). The insurance plan is a product of China Life (Overseas) but not the Bank. All benefits payable under the insurance plan are subject to the credit risk of China Life (Overseas).
• Part of the premium pays for the insurance and related costs. If you discontinues and /or surrender your policy in the early policy years or before the end of the policy term, the amount you get back may be considerably less than the total premium you have paid.
• 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 the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.
• China Life (Overseas) is authorized and regulated by Insurance Authority.

• China Life (Overseas) reserves the right to accept or reject any Insurance Application.
  

For details, please refer to Disclosure of Important Information to Life Insurance Customers in the product brochure.