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


Plan Features
  • Flexible payment term 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 years1 according to your own financial status so as to achieve your financial goals easily. Besides, you can choose annual and premium prepayment2 to prepay the premiums and the prepaid premiums will be accumulated with a non-guaranteed interest rate offered by China Life (Overseas).


  • Guaranteed cash coupons to accumulate your wealth
    The Plan provides you with guaranteed cash coupons at the 5th, 10th, 15th and 20th policy anniversaries (depends on the premium payment term) and the total amount payable throughout the whole benefit term is equivalent to 100% of the sum assured. You may withdraw3 the guaranteed cash coupons or leave them in your policy to earn interest. The prevailing accumulation interest rate are 3.45% p.a. (HKD policy) / 3.9% p.a. (USD policy) (non-guaranteed)4.


    Premium payment term
    Guaranteed cash coupon amount (based on the sum assured) / 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%


  • Non-guaranteed dividends give you flexibility
    In addition to the guaranteed cash coupons and life protection, you can also receive the non-guaranteed dividends4 which are distributed by China Life (Overseas) on each policy anniversary whilst the policy is in force. You can choose to receive the non-guaranteed dividends4 in cash3 or accumulate in the policy to earn interest until policy maturity. The prevailing accumulation interest rate are 3.45% p.a. (HKD policy) / 3.9% p.a. (USD policy) (non-guaranteed)4.


  • Maturity benefit
    The Plan offers protection till age 100 of the insured. You can receive a maturity benefit equivalent to sum assured, accumulated guaranteed cash coupons with interest (if any) and accumulated non-guaranteed dividends with interest (if any), less all policy indebtedness (if any) upon policy maturity.


  • Life protection for your peace of mind
    In the unfortunate event of the death of the Insured while the policy is in force, death benefits will be payable to the beneficiary equivalent to:

    Sum assured or the guaranteed cash value at the date of death of the insured or accumulated premium due and received less guaranteed cash coupons paid (whichever is higher) + accumulated guaranteed cash coupons and interest (if any) + accumulated non-guaranteed dividends and interest (if any) - all indebtedness (if any).

  • Accidental death benefit
    Within the premium payment term, the Plan provides accidental death benefit equivalent to the sum assured (with a maximum sum assured of up to HKD 2,000,000 / USD 250,000). The accidental death benefit is only applicable to the insured with issue age from 6 to 60 and the insured is required to fulfill the designated occupation class and the relevant conditions. For exclusions of this benefit, please refer to the policy provisions.

 

Notes:

  1. 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 less than the total amount of premium paid.
  2. 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 HKD 100 or USD 12.5. You can withdraw the unused prepaid premium once only. The interest rate of prepaid premium is 3% p.a. and this interest rate is not guaranteed.
  3. You may withdraw the guaranteed cash coupons and / or non-guaranteed dividends at any time without any charge, however, the policy value and death benefit will be affected in case of withdrawal.
  4. Non-guaranteed 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 non-guaranteed dividends and rate of interest from time to time. The actual amount of non-guaranteed dividends is subject to the overall performance of China Life (Overseas)'s participating business, including investment returns and claims, etc.

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

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Legend Rich Insurance Plan 2022 (5)
(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 3 components: guaranteed cash value, non-guaranteed terminal dividend1  and total amount of terminal dividend management account2 (if any).

 

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).

 

Flexible access to your wealth for matching your needs

To realize your financial goals, you can partially withdraw the guaranteed cash value and terminal dividend1 (if any) through reducing the basic amount4, while 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 from China Life (Overseas) to loan out 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.

 

Terminal dividend management option2 to help you lock in gains

To facilitate your financial need, you can choose to exercise terminal dividend management option2 within 30 days starting from every policy anniversary (including the date of policy anniversary) to lock in gains from part of your terminal dividend (if any) starting from the 15th policy anniversary and every policy anniversary thereafter so as to respond to market fluctuation. 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 at non-guaranteed rate of 3.9% per annum (USD policy) or 3.45% per annum ( HKD policy). China Life (Overseas) reserves the right to revise the rate from time to time.

 

Unlimited change of insured5 to pass on wealth across generations

China Life (Overseas) understand you wish to provide your loved ones with a secure financial future. This is why the Plan features the “change of insured option” 5, allowing you to change the insured on or after the 1st policy anniversary for unlimited times while the insured is alive. The benefit term will be extended to age 138 of the new insured upon each change, giving your wealth more time to grow and pass on through generations.

 

The new insured must have insurable interest with the policyholder. The new insured must be aged between 15 days after birth and 80 and must not be older than the attained age of the current insured, whichever is lower. The new insured is also subject to the applicable terms and conditions determined by us from time to time. 

 

Contingent insured 6 to sustain insurance coverage

You can designate a maximum of 2 contingent insureds6 at a time while the insured is alive and the policy is in force. In case the insured 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 for allowing the policy to continuously provide protection to you and your family.

 

The contingent insured must have insurable interest with the policyholder. The contingent insured must be aged between 15 days after birth and 80 and must not be older than the attained age of the current insured, whichever is lower. The contingent insured is also subject to the applicable terms and conditions determined by us from time to time.

 

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 no contingent insured is assigned, we will pay the beneficiary a death benefit which is equal to the higher of:

  1. 105% of the accumulated premium due and paid of the Plan; or
  2. sum of guaranteed cash value and non-guaranteed terminal dividend1 (if any) of the 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 prepaid premium balance and its interest8 (if any) will also be returned to the beneficiary without charge.

Where the insured does not survive the age of 180 days, the death benefit will be all premium paid.

The policy will be terminated after we pay the death benefit.

 

Death benefit settlement option

While the insured is alive, you can choose how the death benefit is to be paid to safeguard your family's financial future. You can choose to settle the benefits in a lump sum or by annual instalments with a fixed amount over a fixed payment term of 10, 20 or 30 years.

 

For the instalment option, the remaining balance of death benefit will be deposited in the policy to accumulate interest until the end of the payment term. The interest will be calculated on an annual basis and it is non-guaranteed which will be determined by China Life (Overseas) from time to time. The accumulated interest3 will be paid together with the last instalment of death benefit. If the beneficiary dies during the settlement period of the death benefit, China Life (Overseas) will pay the remaining balance of the death benefit with interest (if any) in a lump sum payment to the estate of the deceased beneficiary.

 

If the death benefit at the date of the insured’s death is less than USD50,000 (USD policy) or HKD400,000 (HKD policy), or the policyholder does not specify any settlement option, China Life (Overseas) will pay out the benefit amount to the beneficiary in a lump sum.

 

Simplified underwriting

To enable you to achieve your goals with ease, application of the Plan is easy 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 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.

 

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

                         (i)when the death benefit is paid (only applicable if the sum of guaranteed cash value and the terminal dividend of the Plan on the date of death of the insured is higher than 105% of the accumulated premium due and paid of the Plan);

                          (ii)when the policy is surrendered; or

                        (iii)when the policy reaches the policy maturity date.

2.  The minimum percentage for each locked-in terminal dividend under the terminal dividend management option is 10% and the aggregate percentage limit for locked-in terminal dividend is 50%. The aggregate percentage limit is subject to change by China Life (Overseas) from time to time and this option can only be exercised once every policy anniversary. The option will only be exercised provided that the application fulfills the application requirement and is confirmed by China Life (Overseas). China Life (Overseas) will only process this option once for each written request. Should this option be exercised again afterwards, written request must be resubmitted. No application will be accepted if there is any indebtedness during application. The amount of locked-in terminal dividend is guaranteed after exercising this option successfully. 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, which will accumulate with non-guaranteed interest rate of 3.9% per annum (USD policy) or 3.45% per annum (HKD policy). China Life (Overseas) reserves the right to revise the interest rate from time to time.

There may be a delay when exercising terminal dividend management option at the time of market volatility. The actual amount of the locked-in terminal dividend will only be determined after the application has been processed successfully by China Life (Overseas). 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 accordingly. The terminal dividend (if any) of subsequent policy years will be adjusted accordingly with adjustment percentage subject to sole discretion of China Life (Overseas). Locked-in terminal dividend will not be allowed to be reset or reversed to terminal dividend. Total amount of terminal dividend management account is equivalent to locked-in terminal dividend and interest (if any) less withdrawal amount (if any).

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 rates from time to time.

4.  “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.  

5.     Both current insured and new insured should be alive during the application for change of insured, which is subject to the prevailing administrative rules of China Life (Overseas). The policy’s basic amount, cash value, policy date, policy year, premium expiry date, accumulated premium due and paid, death benefit, terminal dividend management option, total amount of terminal dividend management account (if any) and indebtedness (if any) will remain unchanged after the change of insured.

6.     Application for contingent insured is subject to the prevailing administrative rules of   China Life (Overseas). After the primary contingent insured became the new insured, the policy's basic amount, cash value, policy date, policy year, premium expiry date, accumulated premium due and paid , death benefit, terminal dividend management option, total amount of terminal dividend management account (if any) and indebtedness (if any) will remain unchanged.

7.  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.

8. 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 USD12.5 / HKD 100. You can withdraw the unused prepaid premiums once only. The interest rate of prepaid premium is 2% per annum and this interest rate is guaranteed.

 

More details about the Legend Rich Insurance Plan 2022 (5), please refer to the Product Brochure.


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

 

Plan Features

Providing your wealth with long-term growth potential

The Plan is a growth participating insurance plan. The policy values of the Plan comprise guaranteed cash value, annual dividend* (non-guaranteed) and special bonus* (non-guaranteed). With a relatively high allocation in equity-type investments, it aims to deliver higher potential returns in the long term. For details, please refer to the section of Dividend / bonus information and 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.

 

Multiple premium payment terms for flexible planning

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 prepay premiums in advance by using the premium deposit account (Note 1).

 

Cash withdrawals for added financial flexibility

You may choose to withdraw cash from the policy at any time to enhance your liquidity:

(1) Make a one-off withdrawal or exercise the regular withdrawal service (Note 2) after the end of the premium payment term to withdraw the accumulated annual dividends and interest (if any).

(2)    You may also choose to withdraw the guaranteed cash value and special bonus (if any) through partial surrender. For details, please refer to the partial surrender benefit under the Summary of Plan Features.

(3)       

Premium holidays for extra financial planning options

Starting from the 1st policy year and during the premium payment term, you can apply for a premium holiday (Note 3) to accommodate your financial planning while the policy is in force. Available to customers who have selected the Plan with premium payment term of 5 years or 10 years, the premium holiday provides for a suspension of premium payments for 2 years and 4 years respectively while the policy remains in force(please refer to the Summary of Plan Features for details).. If the policy owner is  unfortunately diagnosed with one of the covered illnesses (cancer, heart attack or stroke), the Plan offers additional 1 year extended premium holiday period. The extended premium holiday period will be offered for once per policy even if more than one covered illness is diagnosed.

 

During the premium holiday, the annual dividend will not be paid while any accumulated annual dividends and interest (if any) remained in the policy will continue to earn interest (if any). The guaranteed cash value, special bonus (non-guaranteed which is subject to the latest bonus scales determined by FWD) and notional amount will be remained unchanged and equal to the amount immediately before premium holiday takes effect provided that there is no partial surrender during the premium holiday period. 

 

Special bonus lock-in option to secure your wealth against market volatility

The Plan also gives you the flexibility to secure part of your policy value in response to evolving financial priorities or changing market outlooks. Starting from the 15th policy year and while the policy is in force, you can apply for special bonus lock-in option to convert the special bonus into annual dividend and leave it with the policy to accumulate interest (if any) by exercising one of the following options. The amount of special bonus which you apply for special bonus lock-in option is lock-in value (Note 4).

 

1) Automatic lock-in option (Note 5)                                       

This option allows you to convert a certain amount of special bonus, equal to 10% of total premiums paid, into annual dividend. Once your request has been approved, the lock-in value of special bonus will be automatically converted on each policy anniversary.

 

2) Flexi lock-in option (Note 6)

You can apply to convert a specified percentage of special bonus (“lock-in percentage”) into annual dividend provided that the annual minimum and maximum lock-in percentage must not be less than 10% and must not exceed 70% respectively. This option can only be exercised once every policy year and on the policy anniversary.

 

Once the option has been exercised, the lock-in value will not be allowed to be reversed back to special bonus, and no change between options is allowed. The special bonus as at the relevant policy year and any special bonus which FWD may distribute for subsequent policy years will be lowered due to conversion of special bonus to annual dividend exercised.

 

Protect your loved ones from life’s uncertainty

Life protection for your peace of mind

To take care of your loved ones, if the insured unfortunately passes away while the policy is in effect, the Plan provides a life protection with a lump-sum death benefit, which is the higher of (i) guaranteed cash value and non-guaranteed special bonus (if any) or (ii) 100% of the total premiums paid, plus accumulated annual dividends and interest (if any).

 

Extra protection for your family

There’s no greater peace of mind than knowing that your family will be well taken care of no matter what. If the insured and / or a direct family member of the insured passes away due to an accident within 180 days from the date of accident during the first 5 policy years while the policy is in force, a family accidental death benefit (Note 7) equal to 100% of total premiums paid will be paid to help alleviate the financial impact.

 

Rewards to mark your child’s most memorable moments

Celebrate your child’s scholastic achievements                       

Children need encouragement. If you apply for the Plan with your child as the insured, FWD will give your child a big thumbs-up for scholastic success through the Outstanding Performance Awards (Note 8). While the policy is in effect, your child’s academic achievements will be recognized with special financial rewards.


Baby Bonus to welcome the newest member of your family

To celebrate the joy of parenthood, a special Baby Bonus (Note 9) of HK$5,000 will be payable for the birth of the insured's biological child if the policy has been in force for more than 10 months and is commenced while the insured is above age 18 (age next birthday). At the same time, upon the confirmation by FWD regarding the change of insured to the insured's biological child who is the same as the one under the claim of the Baby Bonus, the Outstanding Performance Awards will become effective and academic achievements of this new insured will be recognized with special financial rewards with the Outstanding Performance Awards (Note 8) (please refer to the summary table of Outstanding Performance Table for details).


Unlimited times for change of insured for endless wealth inheritance

You may exercise the change of insured option (Note 10) after the end of the 1st policy year for unlimited times while the insured is alive.  The policy term will then be changed to age 138 (age next birthday) of the new insured, maintaining inherited wealth through generations.

 

Contingent insured and contingent policy owner for continuous policy extension

You may nominate a contingent insured (Note 11) while the policy is in force and the insured is alive. In the event of the death of the insured after the end of the 1st policy year, the nominated contingent insured will automatically become the new insured, eliminating the possibility of policy termination resulting from the unexpected death of the original insured.  In addition, you can nominate a contingent policy owner (Note 12) while the policy is in force so that the policy can be managed by the contingent policy owner in the event of the death of the original policy owner, sustaining the passing on of your legacy.  

 

Death Benefit Settlement Option for flexible wealth allocation

To provide you with greater flexibility in your wealth allocation, you may choose the death benefit settlement option (Note 13) for the payment of death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) in the form of a lump sum payment or regular installments (annually/monthly), or a mix of both if the insured passed away. You may also set the installment term and amount in advance so that your beneficiary can receive the death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) in the way chosen by you while the remaining amount will be left in FWD to accumulate interest (non-guaranteed) until the full amount has been paid to the beneficiary.

 

Easy application to start off your wealth plan

The Plan is simple to apply for and medical examination is generally not required for new policy applications.

 

 

Notes

 

1.       Premium Deposit Account

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.

 

2.       Regular Withdrawal Services

You can apply for the regular withdrawal service by written application after the policy has been paid-up 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 HKD 1,000 / USD125, 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.

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 withdrawal will be taken from the guaranteed cash value and special bonus (if any) as a partial surrender and the notional amount will be reduced. The guaranteed cash value, future non-guaranteed annual dividend and special bonus, as well as your death benefit, will be reduced accordingly.  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 the premiums you paid.

FWD will terminate the regular withdrawal service if the notional amount after the withdrawal is below the minimum amount prescribed by FWD. If you apply for regular withdrawal service and exercise special bonus lock-in option within the same policy year, the special bonus will first be converted as part of accumulated annual dividends.

 

3.       Premium Holiday

To apply for premium holiday, you should submit your request within 60 calendar days before the policy anniversary in FWD’s prescribed form to suspend paying premiums for a specified period. Once the premium holiday request is approved, any rider(s) attached to the policy will be automatically terminated and no riders can be attached afterward. In the event of policy owner is diagnosed with one of the covered illnesses (cancer, heart attack or stroke), policy owner can provide the prescribed form and the medical certificate completed by the attending registered doctor to FWD to apply 1 year extended premium holiday period. For detailed terms and conditions, definition of covered illnesses and the relevant exclusions, please refer to the policy provisions.

 

4.       Special Bonus Lock-in Option

Lock-in value shall not be less than the minimum amount of USD 100 / HKD800, which may be changed by FWD in its sole discretion from time to time.

 

5.       Automatic Lock-in Option

The automatic lock-in option will be suspended immediately when the balance of special bonus on the policy year is less than 10% of total premiums paid. Such percentage may be changed by FWD in its sole discretion from time to time. If you request to surrender the policy partially after you have exercised automatic lock-in option, FWD will automatically suspend the automatic lock-in option. You are required to submit a new request in writing to resume the automatic lock-in option. For details, please refer to the policy provisions.

 

6.       Flexi Lock-in Option

The annual minimum and maximum lock-in percentage may be determined in FWD’s sole discretion from time to time. For details, please refer to the policy provisions.

 

7.       Family Accidental Death Benefit

Family accidental death benefit shall be terminated if one claim has been made under each policy. The payable amount of family accidental death benefit is subject to a maximum of USD100,000 / HKD800,000 per same insured life of all MaxFocus Achiever Insurance Plan and MaxFocus Infinity Insurance Plan policies with FWD. Direct family member(s) of the insured means the spouse of the insured and / or the children of the insured. For details, please refer to the policy provisions.

 

8.       Outstanding Performance Award

  • Request for the payment of Outstanding Performance Award can be made while the policy have been in force for more than 10 months till the policy anniversary immediately preceding the 25th birthday of the insured and the insured is at age 18 or below (age next birthday) as on the commencement date of the policy and named in the policy schedule is alive.
  • Outstanding Performance Award will be payable if the policy owner makes a request for the payment of one of the Outstanding Performance Awards with FWD’s receipt of satisfactory documentary proof in achieving any of the specified criteria of the respective academic achievements (please refer to the summary table of Outstanding Performance Awards for details)  till the policy anniversary immediately preceding the 25th birthday of the insured.
  • To make a request for the payment of Outstanding Performance Awards, the policy owner must submit  designated forms together with the document proof within 60 days from the issue date of such document proof, FWD may also request any other information and documents, subject to FWD’s applicable rules and procedures at that time.
  • Outstanding Performance Awards are subject to FWD’s applicable rules and procedures and may change the terms and conditions from time to time. The currency of this award will be in Hong Kong Dollars regardless of the policy currency of the policy, and will be payable in HKD cheque only.

 

9.       Baby Bonus 

  • Baby Bonus can be claimed while the policy has been in force for more than 10 months and the insured is above age 18 (age next birthday) as on the commencement date of the policy and named in the policy schedule is alive.
  • Baby Bonus will be payable if the policy owner makes a request for the claiming Baby Bonus within 60 days of the birth of the insured’s biological child with FWD’s receipt of satisfactory documentary proof.
  • This bonus will be paid for once even if more than one child is born at the same time and subject to a maximum of once per policy and per same insured life of all policies with FWD. Once this bonus becomes payable or change of insured option has been exercised, the Baby Bonus will be terminated.
  • Baby Bonus is subject FWD’s applicable rules and procedures and may change the terms and conditions from time to time. The currency of this bonus will be in Hong Kong Dollars regardless of the policy currency of the policy, and will be payable in HKD cheque only.

 

10.   Change of Insured

After the end of 1st policy year and the insured is alive, you can apply in writing to change the insured. Any change to the insured must fulfill FWD’s relevant policies and procedures as determined in FWD’s sole discretion from time to time. Any change of the insured will not have any effect on the notional amount, total cash value, guaranteed cash value, special bonus (if any), annual dividend and interest (if any) or policy years. The age of new proposed insured should fulfill the issue age (age next birthday) requirement, i.e. age 1-75 (2 years and 5 years premium payment terms) 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.

 

11.   Contingent Insured

Any nomination of the contingent insured must fulfill FWD's relevant policies and procedures as determined in FWD's sole discretion from time to time. The age of the contingent insured at application should fulfill the issue age requirement. Only one person can be named as the contingent insured each time. The contingent insured must have an insurable interest with the policy owner. Upon the death of the insured, the contingent insured will become the insured provided that the policy has been in effect for over 1 policy year, and subject to FWD's approval based on relevant policies and procedures as determined in FWD's sole discretion from time to time. The contingent insured should be alive and fulfill the issue age requirement and have an insurable interest with the policy owner upon FWD's approval. All riders (if any) will be cancelled after insured is changed and no riders can be attached afterwards.

 

 

12.   Contingent Policy Owner

Any nomination of the contingent policy owner must ful­fill FWD's relevant policies and procedures as determined in FWD's sole discretion from time to time. The age of the contingent policy owner at application should be higher than the minimum age FWD accepted. Only one person can be named as the contingent policy owner each time. Upon the death of the initial policy owner, the contingent policy owner will become the policy owner subject to FWD’s approval based on relevant policies and procedures as determined in FWD's sole discretion from time to time and that the contingent policy owner is alive.

 

13.   Death Benefit Settlement Option

Policy owner can choose the death benefit settlement option for the payment of death benefit,  family accidental death benefit (if applicable) and the specified amount under any attached rider(s) (in the form of a lump sum payment, regular installment (annually/monthly), or a mix of both) while the insured is alive and the policy is in effect, subject to FWD's relevant policies and procedures as determined in FWD's sole discretion from time to time. The default payment option is lump-sum payment. For settlement option other than lump sum payment, the unpaid amount of death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) will be deposited with FWD to accumulate non-guaranteed interest until the full amount is paid to the beneficiary. The interest (if any) on unpaid balance of the death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) will be accumulated and paid to the beneficiary in the last installment in lump sum. Such balance does not participate in the participating fund or benefit from its profit. Selection of death benefit settlement option is subject to current applicable rule and procedures and may change from time to time.

 

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


 

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

 

Plan Features

Providing your wealth with long-term growth potential

The Plan is a growth participating insurance plan. The policy values of the Plan comprise guaranteed cash value, annual dividend* (non-guaranteed) and special bonus* (non-guaranteed). With a relatively high allocation in equity-type investments, it aims to deliver higher potential returns in the long term.

 

*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.

 

 

Flexible premium term and cash withdrawals to meet your financial needs

Multiple premium payment terms for flexible planning

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 prepay premiums in advance by using the premium deposit account (Note 1).

 

Cash withdrawals for added financial flexibility

You may choose to withdraw cash from the policy at any time to enhance your liquidity:

(4)Make a one-off withdrawal or exercise the regular withdrawal service (Note 2) after the end of the premium payment term to withdraw the accumulated annual dividends and interest (if any).

(5)  You may also choose to withdraw the guaranteed cash value and special bonus (if any) through partial surrender.

 

Premium holidays for extra financial planning options

Starting from the 1st policy year and during the premium payment term, you can apply for a premium holiday (Note 3) to accommodate your financial planning while the policy is in force. Available to customers who have selected the Plan with premium payment term of 5 years or 10 years, the premium holiday provides for a suspension of premium payments for 2 years and 4 years respectively while the policy remains in force. If the policy owner is  unfortunately diagnosed with one of the covered illnesses (cancer, heart attack or stroke), the Plan offers additional 1 year extended premium holiday period. The extended premium holiday period will be offered for once per policy even if more than one covered illness is diagnosed.

 

During the premium holiday, the annual dividend will not be paid while any accumulated annual dividends and interest (if any) remained in the policy will continue to earn interest (if any). The guaranteed cash value, special bonus (non-guaranteed which is subject to the latest bonus scales determined by FWD) and notional amount will be remained unchanged and equal to the amount immediately before premium holiday takes effect provided that there is no partial surrender during the premium holiday period. 

 

Special bonus lock-in option to secure your wealth against market volatility

The Plan also gives you the flexibility to secure part of your policy value in response to evolving financial priorities or changing market outlooks. Starting from the 15th policy year and while the policy is in force, you can apply for special bonus lock-in option to convert the special bonus into annual dividend and leave it with the policy to accumulate interest (if any) by exercising one of the following options. The amount of special bonus which you apply for special bonus lock-in option is lock-in value (Note 4).

 

1) Automatic lock-in option (Note 5)                                       

This option allows you to convert a certain amount of special bonus, equal to 10% of total premiums paid, into annual dividend. Once your request has been approved, the lock-in value of special bonus will be automatically converted on each policy anniversary.

 

2) Flexi lock-in option (Note 6)

You can apply to convert a specified percentage of special bonus (“lock-in percentage”) into annual dividend provided that the annual minimum and maximum lock-in percentage must not be less than 10% and must not exceed 70% respectively. This option can only be exercised once every policy year and on the policy anniversary.

 

Once the option has been exercised, the lock-in value will not be allowed to be reversed back to special bonus, and no change between options is allowed. The special bonus as at the relevant policy year and any special bonus which FWD may distribute for subsequent policy years will be lowered due to conversion of special bonus to annual dividend exercised.

 

Protect your loved ones from life’s uncertainty

Life protection for your peace of mind

To take care of your loved ones, if the insured unfortunately passes away while the policy is in effect, the Plan provides a life protection with a lump-sum death benefit, which is the higher of (i) guaranteed cash value and non-guaranteed special bonus (if any) or (ii) 100% of the total premiums paid, plus accumulated annual dividends and interest (if any).

 

Extra protection for your family

There's no greater peace of mind than knowing that your family will be well taken care of no matter what. If the insured and / or a direct family member of the insured passes away due to an accident within 180 days from the date of accident during the first 5 policy years while the policy is in force, a family accidental death benefit (Note 7) equal to 100% of total premiums paid will be paid to help alleviate the financial impact.

 

 

Rewards to mark your child’s most memorable moments

Celebrate your child’s scholastic achievements                       

Children need encouragement. If you apply for the Plan with your child as the insured, FWD will give your child a big thumbs-up for scholastic success through the Outstanding Performance Awards (Note 8). While the policy is in effect, your child’s academic achievements will be recognized with special financial rewards.

 

Baby Bonus to welcome the newest member of your family

To celebrate the joy of parenthood, a special Baby Bonus (Note 9) of HK$5,000 will be payable for the birth of the insured's biological child if the policy has been in force for more than 10 months and is commenced while the insured is above age 18 (age next birthday). At the same time, upon the confirmation by FWD regarding the change of insured to the insured's biological child who is the same as the one under the claim of the Baby Bonus, the Outstanding Performance Awards will become effective and academic achievements of this new insured will be recognized with special financial rewards with the Outstanding Performance Awards (Note 8).


Safeguard your wealth, ensure your legacy

Unlimited times for change of insured for endless wealth inheritance

You may exercise the change of insured option (Note 10) after the end of the 1st policy year for unlimited times while the insured is alive.  The policy term will then be changed to age 138 (age next birthday) of the new insured, maintaining inherited wealth through generations.

 

Contingent insured and contingent policy owner for continuous policy extension

You may nominate a contingent insured (Note 11) while the policy is in force and the insured is alive. In the event of the death of the insured after the end of the 1st policy year, the nominated contingent insured will automatically become the new insured, eliminating the possibility of policy termination resulting from the unexpected death of the original insured.  In addition, you can nominate a contingent policy owner (Note 12) while the policy is in force so that the policy can be managed by the contingent policy owner in the event of the death of the original policy owner, sustaining the passing on of your legacy.  

 

Death Benefit Settlement Option for flexible wealth allocation

To provide you with greater flexibility in your wealth allocation, you may choose the death benefit settlement option (Note 13) for the payment of death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) in the form of a lump sum payment or regular installments (annually/monthly), or a mix of both if the insured passed away. You may also set the installment term and amount in advance so that your beneficiary can receive the death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) in the way chosen by you while the remaining amount will be left in FWD to accumulate interest (non-guaranteed) until the full amount has been paid to the beneficiary.

 

 

Easy application to start off your wealth plan

The Plan is simple to apply for and medical examination is generally not required for new policy applications.

 

 

Notes

 

1.       Premium Deposit Account

       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.

2.    Regular Withdrawal Services

You can apply for the regular withdrawal service by written application after the policy has been paid-up 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 HKD 1,000 / USD125, 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.

     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 withdrawal will be taken from the guaranteed cash value and special bonus (if any) as a partial surrender and the notional amount will be reduced. The guaranteed cash value, future non-guaranteed annual dividend and special bonus, as well as your death benefit, will be reduced accordingly.  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 the premiums you paid.

    FWD will terminate the regular withdrawal service if the notional amount after the withdrawal is below the minimum amount prescribed by FWD. If you apply for regular withdrawal service and exercise special bonus lock-in option within the same policy year, the special bonus will first be converted as part of accumulated annual dividends.

3.    Premium Holiday

     To apply for premium holiday, you should submit your request within 60 calendar days before the policy anniversary in FWD’s prescribed form to suspend paying premiums for a specified period. Once the premium holiday request is approved, any rider(s) attached to the policy will be automatically terminated and no riders can be attached afterward. In the event of policy owner is diagnosed with one of the covered illnesses (cancer, heart attack or stroke), policy owner can provide the prescribed form and the medical certificate completed by the attending registered doctor to FWD to apply 1 year extended premium holiday period.

4.    Special Bonus Lock-in Option

    Lock-in value shall not be less than the minimum amount of USD 100 / HKD800, which may be changed by FWD in its sole discretion from time to time.

5.    Automatic Lock-in Option

     The automatic lock-in option will be suspended immediately when the balance of special bonus on the policy year is less than 10% of total premiums paid. Such percentage may be changed by FWD in its sole discretion from time to time. If you request to surrender the policy partially after you have exercised automatic lock-in option, FWD will automatically suspend the automatic lock-in option. You are required to submit a new request in writing to resume the automatic lock-in option.

6.    Flexi Lock-in Option

The annual minimum and maximum lock-in percentage may be determined in FWD’s sole discretion from time to time.

7.    Family Accidental Death Benefit

Family accidental death benefit shall be terminated if one claim has been made under each policy. The payable amount of family accidental death benefit is subject to a maximum of USD100,000 / HKD800,000 per same insured life of all MaxFoucs Achiever Insurance Plan and MaxFocus Infinity Insurance Plan policies with FWD. Direct family member(s) of the insured means the spouse of the insured and / or the children of the insured.

8.    Outstanding Performance Award

·    Request for the payment of Outstanding Performance Award can be made while the policy have been in force for more than 10 months till the policy anniversary immediately preceding the 25th birthday of the insured and the insured is at age 18 or below (age next birthday) as on the commencement date of the policy and named in the policy schedule is alive.

·   Outstanding Performance Award will be payable if the policy owner makes a request for the payment of one of the Outstanding Performance Awards with FWD’s receipt of satisfactory documentary proof in achieving any of the specified criteria of the respective academic achievements (please refer to the summary table of Outstanding Performance Awards for details) till the policy anniversary immediately preceding the 25th birthday of the insured.

·   To make a request for the payment of Outstanding Performance Awards, the policy owner must submit  designated forms together with the document proof within 60 days from the issue date of such document proof, FWD may also request any other information and documents, subject to FWD’s applicable rules and procedures at that time.

·   Outstanding Performance Awards are subject to FWD’s applicable rules and procedures and may change the terms and conditions from time to time. The currency of this award will be in Hong Kong Dollars regardless of the policy currency of the policy, and will be payable in HKD cheque only.

9.    Baby Bonus 

·     Baby Bonus can be claimed while the policy has been in force for more than 10 months and the insured is above age 18 (age next birthday) as on the commencement date of the policy and named in the policy schedule is alive.

·   Baby Bonus will be payable if the policy owner makes a request for the claiming Baby Bonus within 60 days of the birth of the insured’s biological child with FWD’s receipt of satisfactory documentary proof.

·     This bonus will be paid for once even if more than one child is born at the same time and subject to a maximum of once per policy and per same insured life of all policies with FWD. Once this bonus becomes payable or change of insured option has been exercised, the Baby Bonus will be terminated.

·    Baby Bonus is subject FWD’s applicable rules and procedures and may change the terms and conditions from time to time. The currency of this bonus will be in Hong Kong Dollars regardless of the policy currency of the policy, and will be payable in HKD cheque only.

10. Change of Insured

    After the end of 1st policy year and the insured is alive, you can apply in writing to change the insured. Any change to the insured must fulfill FWD’s relevant policies and procedures as determined in FWD’s sole discretion from time to time. Any change of the insured will not have any effect on the notional amount, total cash value, guaranteed cash value, special bonus (if any), annual dividend and interest (if any) or policy years. The age of new proposed insured should fulfill the issue age (age next birthday) requirement, i.e. age 1-75 (2 years and 5 years premium payment terms) 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.

11. Contingent Insured

     Any nomination of the contingent insured must fulfill FWD’s relevant policies and procedures as determined in FWD’s sole discretion from time to time. The age of the contingent insured at application should fulfill the issue age requirement. Only one person can be named as the contingent insured each time. The contingent insured must have an insurable interest with the policy owner. Upon the death of the insured, the contingent insured will become the insured provided that the policy has been in effect for over 1 policy year, and subject to FWD’s approval based on relevant policies and procedures as determined in FWD’s sole discretion from time to time. The contingent insured should be alive and fulfill the issue age requirement and have an insurable interest with the policy owner upon FWD’s approval. All riders (if any) will be cancelled after insured is changed and no riders can be attached afterwards.

12. Contingent Policy Owner

    Any nomination of the contingent policy owner must ful­fill FWD’s relevant policies and procedures as determined in FWD’s sole discretion from time to time. The age of the contingent policy owner at application should be higher than the minimum age FWD accepted. Only one person can be named as the contingent policy owner each time. Upon the death of the initial policy owner, the contingent policy owner will become the policy owner subject to FWD’s approval based on relevant policies and procedures as determined in FWD’s sole discretion from time to time and that the contingent policy owner is alive.

13. Death Benefit Settlement Option

     Policy owner can choose the death benefit settlement option for the payment of death benefit,  family accidental death benefit (if applicable) the specified amount under any attached rider(s) (in the form of a lump sum payment, regular installment (annually/monthly), or a mix of both) while the insured is alive and the policy is in effect, subject to FWD’s relevant policies and procedures as determined in FWD’s sole discretion from time to time. The default payment option is lump-sum payment. For settlement option other than lump sum payment, the unpaid amount of death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) will be deposited with FWD to accumulate non-guaranteed interest until the full amount is paid to the beneficiary. The interest (if any) on unpaid balance of the death benefit, family accidental death benefit (if applicable) and the specified amount under any attached rider(s) will be accumulated and paid to the beneficiary in the last installment in lump sum. Such balance does not participate in the participating fund or benefit from its profit. Selection of death benefit settlement option is subject to current applicable rule and procedures and may change from time to time.

 

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

 

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Wealth ICON Supreme II 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 II 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 1st policy year for unlimited times, to leave an ongoing legacy.

 

Secure your wealth

From the 15th 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 the Wealth ICON Supreme II 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. "Rainbow Age Whole Life Plan "and "Legend Rich Insurance Plan 2022 (5)"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 Infinity Insurance Plan" " MaxFocus Achiever Insurance Plan " and " Wealth ICON Supreme II 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).
  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 "MaxFocus Achiever Insurance Plan" ,"MaxFocus Infinity Insurance Plan" and" Wealth ICON Supreme II 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”)

  • 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.

Contact Us

Customer Service Hotline: 223 95559

Please visit any of our outlets