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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.




Rainbow Age Whole Life Plan (Simplified Edition)
(The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

Plan Features
  • Flexible payment term choices to fit your needs

    Four Premium payment terms are available for you. You can select the Premium payment terms of 5 years, 10 years, 15 years or 20 years according to your own financial status so as to achieve your financial goals easily1. The Plan allows you to prepay the Premium2 in a lump sum payment if you choose annul premium payment method. China Life (Overseas) will distribute the non-guaranteed interest to the prepaid Premium.

  • Guaranteed cash coupons to accumulate your wealth

    The Plan provides you with guaranteed cash coupons at the 5th, 10th, 15th and 20th Policy Anniversaries and the total amount payable throughout the whole Policy term are equivalent to 100% of the Basic Amount3. You may withdraw the guaranteed cash coupons or leave them in your Policy account to earn interest. The prevailing accumulation interest rate is 5.5% p.a. (non-guaranteed) 4,5.

     Premium Payment Term (Year)
     Cash Coupon Amount (based on the Basic Amount3)/Policy Anniversary
    5th Year 10th Year 15th Year 20th Year
     5 50% 50% N/A N/A
     10 35% 65% N/A N/A
     15 25% 25% 50% N/A
     20 15% 15% 15% 55%


  • Annual dividends allows flexibility

    In addition to the guaranteed cash coupons and life protection, you can also receive the annual dividends5 (non-guaranteed) which are distributed by China Life (Overseas) on each Policy Anniversary whilst the Policy is in force. You can choose to receive the annual dividends5 (non-guaranteed) in cash or accumulate in your Policy account to earn interest until Policy Maturity. The prevailing accumulation interest rate is 5.5% p.a. (non-guaranteed) 4,5.

  • Maturity Benefit

    The Plan offers protection till age 100 of the Insured. You can receive a maturity benefit equivalent to Basic Amount3, accumulated cash coupons with interest (if any) and accumulated dividends with interest (if any), less all Policy Indebtedness (if any) upon Policy Maturity.

  • Life protection for your peace of mind

    The Plan provides you with simplified underwriting to suit your protection and financial needs. Application is easy without the requirement of medical check-up. In the unfortunate event of the death of the Insured while the Policy is in force, death benefits will be payable to Beneficiary equivalent to:

    101% of the accumulated Premium due and received less the accumulated cash coupons paid, or the guaranteed Cash Value at the date of death of the Insured (whichever is higher) + accumulated cash coupons with interest (if any) + accumulated dividends with interest (if any) – Indebtedness (if any).

 

 

Notes:

  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). 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 Policyholders opt for the Prepay for Remaining Year Premium option, they can withdraw the unused prepaid Premium (including interest, if any) at one time. China Life (Overseas) will charge a withdrawal fee of 2% of the withdrawal amount. The minimum charge will be HKD 100 (applicable to the HKD Policy) or USD 12.5 (applicable to the USD Policy). Customers can withdraw the unused prepaid Premium once only.
  3. The Basic Amount is used to calculate Premium, guaranteed Cash Value, cash coupons and dividends, but it is not applicable to the calculation of the death benefit.
  4. If the Policyholder chooses to withdraw any cash coupons or annual dividends (non-guaranteed), the cash coupons and annual dividends withdrawn will no longer be accumulated as part of the Policy Cash Value nor death benefit.
  5. Annual dividends and interest are not guaranteed. The actual benefits and/or returns may be lower or higher than the estimates. China Life (Overseas) 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)’ participating business, including investment returns, operating expenses and claims, etc.

More details about the Rainbow Age Whole Life Plan (Simplified Edition), please refer to the Product Brochure.

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MaxFocus Signature Insurance Plan

(The life insurance plan is underwritten by FWD Life Insurance Company (Bermuda) Limited.)

Plan features

  • Growth participating policy to capture long-term wealth growth opportunities

    MaxFocus Signature Insurance Plan is a growth participating insurance plan. The policy values of the plan comprise of Guaranteed Cash Value, Annual Dividend2 (non-guaranteed) and Special Bonus2 (non-guaranteed). With a relatively high allocation in equity type investments, it aims to bring potential higher returns while enjoying a stable dividend distribution.

  • Professional investment management to boost dividend potential growth in the long term

    MaxFocus Signature Insurance Plan aims to help customers achieve higher long-term wealth potential growth by adopting a balanced asset allocation investment strategy. The portfolio is managed by a professional investment team and is invested across different regions and industries to achieve investment diversification. For details, please refer to the section of Dividend / bonus information and Investment Strategy.

  • Easy planning with multiple premium payment terms

    The plan allows you to choose USD or HKD as the policy currency over a premium payment term of 2 years, 5 years or 10 years based on your needs. You may also pay the premium in advance by using the Premium Deposit Account4 to accommodate with your financial planning.

  • Flexible cash withdrawal for your financial needs

    You may choose to withdraw the cash from the policy anytime based on your needs:

    1. One-off withdrawal or exercise the Regular Withdrawal Service6 after the end of the 15th policy anniversary to withdraw the accumulated Annual Dividend2 and interest3 (if any).
    2. You may also choose to withdraw the Guaranteed Cash Value and Special Bonus2 (if any) through partial surrender. For details, please refer to the Partial Surrender Benefit under the Summary of Plan Features.


  • Easy application to make wealth planning easy

    MaxFocus Signature Insurance Plan is simple to apply and medical examination5 is generally not required for new policy application.

  • Unlimited times for Change of Insured7 for endless wealth inheritance

    You may exercise the Change of Insured Option7 after the end of the 2nd policy year for unlimited times while the Insured is alive. The policy term will then be changed to age 1231 (age next birthday) of the new Insured, maintaining inherited wealth through generations.

Notes:
  1. Age is based on the next birthday age and the policy term to age 123 is referring to the 123rd birthday of the of (i) the Initial Insured or (ii) the latest Insured if the Initial Insured is changed.
  2. The Annual Dividend (if any) and Special Bonus (if any) are based on FWD Life Insurance Company (Bermuda) Limited (“FWD”, "The Company")’s current scales which are not guaranteed and are determined at least annually and may be adjusted more frequently than annually based on a series of factors including but not limited to market conditions, investment outlook, expenses, policy persistency, claims experience, and FWD’s investment return. The Special Bonus (if any) will be payable under the Policy upon the death of the Insured, partial surrender of the Policy, making regular withdrawal exercising the value conversion option, surrender of the Policy, maturity of the Policy or at the end of the one year reinstatement period if the Policy lapses and is not reinstated within the period. The actual amount payable may change anytime, with the values being higher or lower than those illustrated. Under some circumstances, the non-guaranteed benefits may be zero. For details, please refer to the section of Dividend / bonus information and Investment Strategy under “Important Notes and Declarations”.
  3. The interest rate with FWD is not guaranteed. The interest rate is determined by FWD from time to time at its absolute discretion.
  4. To make application for a deposit to the Premium Deposit Account, a completed and signed prescribed form should be submitted to FWD. The form can be obtained from your Advisor or from FWD. Please refer to your Advisor or FWD for more information of the Premium Deposit Account.
  5. Medical examination is generally not required for new policy application if the total notional amount does not exceed the aggregate per life limit set by FWD subject to FWD’s prevailing rules and regulation. Normal underwriting and additional premium are required for any rider(s) attached to this Policy.
  6. After the 15th Policy Anniversary, you can apply for the Regular Withdrawal Services. When the application is approved, the selected withdrawal amount will be directly debited to the assigned account. Any amount withdrawn will be taken from the accumulated Annual Dividends2(if any) and its interest3 (if any). If there is not enough value in the accumulated Annual Dividends2 (if any) and its interest3 (if any), the withdrawal will be taken from the Guaranteed Cash Value and Special Bonus2 (if any) as a partial surrender. As a result, the notional amount may be reduced. The Guaranteed Cash Value, future non-guaranteed Annual Dividend2 (if any) and Special Bonus2 (if any), as well as your Death Benefit, will be reduced accordingly.
  7. After the end of 2nd Policy Year and the insured is alive, you can apply in writing to change the Insured which will not have any effect on the Notional Amount, Total Cash Value, Guaranteed Cash Value, Special Bonus2, Annual Dividend2 (if any) and its interest3 (if any) or Policy Years. The age of new proposed Insured should be age 1-75 (2 years and 5 years premium payment term) or age 1-70 (10 years premium payment term). The new Insured must have an insurable interest with the policy owner. All riders (if any) will be cancelled after Insured is changed and no riders can be attached afterwards.

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

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Peaceful Age Whole Life Plan

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

Features

  • Flexible Choices to Fit Your Needs

    The Plan offers 6-year, 8-year, 10-year or 12-year Premium payment term1 for you to select according to your own financial status. You can achieve your financial goals and enjoy whole life protection easier.

  • Non-guaranteed Dividends to Boost Your Return

    On top of life protection, you can receive the Policy dividends (non-guaranteed)2 at each Policy Anniversary whilst the Policy is in force. You may either accumulate the dividends (non-guaranteed) in your Policy account to earn interest2 or receive them in cash3.

  • Maturity Benefit

    The Plan offers protection till age 100 of the Insured. You can receive a maturity benefit equivalent to Sum Assured, and accumulated dividends with interest (if any), less all Policy Indebtedness (if any) upon Policy Maturity.

  • Life Protection

    In the unfortunate event of the death of the Insured whilst the Policy is in force, a death benefit is payable to the Beneficiary. The amount is equivalent to Sum Assured plus accumulated dividend with interest (if any), less any Indebtedness (if any).

  • Free Waiver of Premium Benefit

    In the unfortunate event of your total and permanent disability for an uninterrupted period of not less than 180 days during the Premium payment term, the Premium due for the Basic Plan within the period of your disability shall be waived. (Subject to the terms and conditions of the Policy, please refer to the Policy document for details.).

  • Optional Benefits for Better Protection

    Based on your personal needs, you can choose to add optional benefits for better and more comprehensive protection. (Subject to the relevant terms and conditions)

Notes:
  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). 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. Dividends and the accumulated interest rate are not guaranteed. The actual benefits and/or returns may be lower or higher than the estimates. China Life (Overseas) reserves the right to revise the 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)’ participating businesses, including investment returns, operational expenses and claims, etc.
  3. If the Policyholder chooses to withdraw any dividends (non-guaranteed), the dividends withdrawn will no longer be accumulated as part of the Policy Cash Value nor death benefit.

More details about the Peaceful Age Whole Life 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, please visit the official website of FWD Life Insurance Company (Bermuda) Limited (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. Rainbow Age Whole Life Plan (Simplified Edition) and Peaceful Age Whole Life 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.
  3. " MaxFocus Signature Insurance Plan " is underwritten by FWD Life Insurance Company (Bermuda) Limited. FWD Life Insurance Company (Bermuda) Limited 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.
  4. The above information is for reference and indicates the key features of the insurance plan only. For the complete explanation of the terms and conditions and the exclusions of the insurance plan, please refer to the Policy Provisions. In the event of any discrepancy between the above information and the Policy Provisions, the Policy Provisions shall prevail.
  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 " MaxFocus Signature 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 (“FWD”)

  • The insurance plan is a product of FWD but not Bank of Communications (Hong Kong) Limited (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; however any dispute over the contractual terms of the product should be resolved between directly FWD and 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.

 

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

  • The insurance plan is a product of China Life (Overseas) but not Bank of Communications (Hong Kong) Limited (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; however any dispute over the contractual terms of the product should be resolved between directly China Life (Overseas) and 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.

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Customer Service Hotline: 223 95559

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