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Endowment Insurance helps you to reach target saving.

Face to uncertainty economic environment, how can you gain higher return on your fund to fulfill the dream of your family and yourself? Bank of Communications introduces you various Endowment Insurance plans which can help you to reach your target saving.

 

 


    8-Year Saver Endowment Plan
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features

    • Policy Dividends to Boost Your Return

      You will receive the dividends (non-guaranteed) on the 7th and 8th Policy Anniversaries whilst the Policy is in force. You may either accumulate the dividends (non-guaranteed) in your Policy account to earn interest1or receive them in cash.


    • Flexible Payment Options

      In addition to the annual mode, annual & prepay for remaining year Premium2mode is available for you to choose from. The Plan allows you to prepay at least 2 years of Premium at the outset or within the Premium payment term with a non-guaranteed interest rate of 2.0% per annum.


    • Financial Flexibility with Cash Coupon

      You can receive the cash coupon on the 4th to the 8th Policy Anniversaries whilst the Policy is in force and provided that all due premiums have been paid. The amount is equivalent to:

      Policy Anniversary Cash Coupon Amount (based on the Basic Amount3)
       4   4%
       5  5%
       6  6%
       7  3%
       8  2%
       
         

    • Guaranteed Maturity Benefit

      The benefit term of the Plan is 8 years. You are guaranteed to receive a maturity benefit equivalent to 100% of the Basic Amount3 at the end of the benefit term.


    • 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 of the death benefit is equivalent to 101% of the Accumulated Premium due and received less the accumulated cash coupon paid or guaranteed Cash Value at the date of the death of the Insured, whichever is higher, plus accumulated cash coupon with its non-guaranteed interest (if any), accumulated dividend with its interest (non - guaranteed) (if any), less any Indebtedness.


    • International Emergency Assistance Service4

      If the Insured is diagnosed with an illness or is injured in an accident outside Hong Kong, he or she will enjoy comprehensive coverage under the free 24-hour Worldwide Emergency Assistance Service.


    Remarks:
    1. The dividends and the 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 amount of the dividends from time to time. The actual amount of annual dividends is subject to the overall performance of the participating businesses of China Life (Overseas), including investment returns, operational expenses and claims, etc.

    2. If customers choose the annual & prepay for remaining year Premium option ( at least prepay 2 years of Premium), they can withdraw the unused prepaid Premium (including interest, if any) at one time. China Life (Overseas) will charge a withdrawal fee of 3% of the withdrawal amount. The minimum charge will be HKD 200 (applicable to the Policy in currency of HKD) or USD 25 (applicable to the Policy in currency of USD). The prepaid premium can be withdrawn one time 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. 24-hour Worldwide Emergency Assistance Service is provided by Inter Partner Assistance Hong Kong Limited. China Life (Overseas) makes no representation, warranty or undertaking as to the quality and availability of the aforesaid services, and shall not accept any responsibility or liability for the services provided by Inter Partner Assistance Hong Kong Limited concerned.



    More details about the 8-Year Saver Endowment Plan, please refer to the Product Brochure.

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    Goal 5 Insurance Plan
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features 

    • Guaranteed Maturity Benefit

      The Plan offers a life protection for 5 years. You are guaranteed to receive the maturity benefit equivalent to 100% of the Basic Amount1 less all 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:

    1. 101% of the Accumulated Premiums Due and Received, or the guaranteed Cash Value at the date of death of the Insured, whichever is higher; less 
    2. any Indebtedness (if any) 
     
    • International Emergency Assistance Service2

      If the Insured is diagnosed with an illness or is injured in an accident outside Hong Kong, he or she will enjoy comprehensive coverage under the free 24-hour Worldwide Emergency Assistance Service.


    • Simplified Underwriting

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


    Remarks:
    1. Basic Amount of this plan is used for projecting the premiums and other policy values only (e.g. guaranteed Cash Value), the death benefit amount payable upon the insured's death may be less than the Basic Amount.
    2. 24-hour Worldwide Emergency Assistance Service is provided by Inter Partner Assistance Hong Kong Limited. China Life (Overseas) makes no representation, warranty or undertaking as to the quality and availability of the aforesaid services, and shall not accept any responsibility or liability for the services provided by Inter Partner Assistance Hong Kong Limited concerned.



    More details about the Goal 5 Insurance Plan, please refer to the Product Brochure.

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    Luxe 5 Insurance Plan
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features

    • Guaranteed Maturity Benefit

      The Plan offers a life protection for 5 years. You are guaranteed to receive the maturity benefit equivalent to 100% of the Basic Amount1 less any 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:

    1. 101% of the Accumulated Premiums Due and Received, or the guaranteed Cash Value at the date of death of the Insured, whichever is higher; less
    2. any Indebtedness (if any) 
       
    • Simplified Underwriting

      If the Insured is diagnosed with an illness or is injured in an accident outside Hong Kong, he or she will enjoy comprehensive coverage under the free 24-hour Worldwide Emergency Assistance Service.


    • Simplified Underwriting

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


    Remarks:
    1. Basic Amount of this plan is used for projecting the premiums and other policy values only (e.g. guaranteed Cash Value), the death benefit amount payable upon the insured's death may be less than the Basic Amount.

    More details about Luxe 5 Insurance Plan, please refer to the Product Brochure.

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    Prestige 6-Year Insurance Plan (Special Edition)
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features

    • Guaranteed Maturity Benefit

      The Plan matures in 6 years; maturity benefit is guaranteed and equivalent to 100% of the Basic Amount1 less any indebtedness (if any) upon Policy Maturity. This will help you to realize your financial plans by means of the guaranteed returns.


    • 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 of the death benefit is equivalent to:

    1. 101% of the Accumulated Premiums Due and Received, or the guaranteed Cash Value at the date of death of the Insured, whichever is higher; less 
    2. any Indebtedness (if any) 

     

    • Simplified Underwriting

      Application for the Plan is easy with simplified underwriting procedures and no medical examination is required.

  • Enrolment Terms
    Issue Age: From 15 days after birth to 75 years old)
    Policy Currency: HKD or USD
    Premium Payment Term: 3 Years
    Benefit Term: 6 Years
    Premium Payment Method: Annual
    Minimum Basic Amount1: HKD60,000 or USD7,500
    Maximum Basic Amount1: HKD499,999 or USD62,499

    Remarks:
    1. Basic Amount of this plan is used for projecting the premiums and other policy values only (e.g. guaranteed Cash Value), the death benefit amount payable upon the insured's death may be less than the Basic Amount.



    More details about the Prestige 6-Year Insurance Plan (Special Edition), please refer to the Product Brochure.

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    Prestige 6-Year Insurance Plan (Golden Series)
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features

    • Guaranteed Maturity Benefit

      The Plan matures in 6 years; maturity benefit is guaranteed and equivalent to 100% of the Basic Amount1 less all indebtedness (if any) upon Policy Maturity. This will help you to realize your financial plans by means of the guaranteed returns.


    • 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 of the death benefit is equivalent to:

    1. 101% of the Accumulated Premiums Due and Received, or the guaranteed Cash Value at the date of death of the Insured, whichever is higher; less
    2. any Indebtedness (if any)


    • Simplified Underwriting

      Application for the Plan is easy with simplified underwriting procedures and no medical examination is required.

  • Enrolment Terms
    Issue Age: From 15 days after birth to 75 years old)
    Policy Currency: HKD or USD
    Premium Payment Term: 3 Years
    Benefit Term: 6 Years
    Premium Payment Method: Annual
    Minimum Basic Amount1: HKD500,000 or USD62,500
    Maximum Basic Amount1: HKD20,000,000 or USD2,500,000
     

    Remarks:
    1. Basic Amount of this plan is used for projecting the premiums and other policy values only (e.g. guaranteed Cash Value), the death benefit amount payable upon the insured's death may be less than the Basic Amount.

    More details about the Prestige 6-Year Insurance Plan (Golden Series), please refer to the Product Brochure.

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    Prestige 6-Year (RMB) Insurance Plan
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features

    • Renminbi Insurance Policy

      The Policy is denominated in Renminbi so the Premium and benefits are paid in Renminbi. However, you can choose to pay the Premium or Hong Kong Dollars which offers flexibility on your financial arrangement*.
      * If you choose to pay the Premium or receive the Policy benefits in Hong Kong Dollar, the exchange rate of Hong Kong Dollar to or against Renminbi is determined by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”) with reference to the prevailing market-based exchange rates and/or relevant sources at the time of payment processing.


    • Guaranteed Maturity Benefit

      The Plan matures in 6 years; maturity benefit is guaranteed and equivalent to the 100% of the Basic Amount1 less all indebtedness (if any) upon Policy Maturity. This will help you to realize your financial plans by means of the guaranteed returns.


    • 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:

    1. 101% of the Accumulated Premiums Due and Received, or the guaranteed Cash Value at the date of death of the Insured, whichever is higher; less 
    2. any Indebtedness (if any) 

     

    • International Emergency Assistance Service2

      If the Insured is diagnosed with an illness or is injured in an accident outside Hong Kong, he or she will enjoy comprehensive coverage under the free 24-hour Worldwide Emergency Assistance Service.


    • Simplified Underwriting

      Application for the Plan is easy with simplified underwriting procedures and no medical examination is required.

  • Enrolment Terms
    Issue Age: From 15 days after birth to 75 years old)
    Policy Currency: RMB
    Premium Payment Term: 3 Years
    Benefit Term: 6 Years
    Premium Payment Method: Annual
    Minimum Basic Amount1: RMB60,000
    Maximum Basic Amount1: RMB599,999

    Remarks:
    1. Bsic Amount of this plan is used for projecting the premiums and other policy values only (e.g. guaranteed Cash Value), the death benefit amount payable upon the insured's death may be less than the Basic Amount.

    2. 24-hour Worldwide Emergency Assistance Service is provided by Inter Partner Assistance Hong Kong Limited. China Life (Overseas) makes no representation, warranty or undertaking as to the quality and availability of the aforesaid services, and shall not accept any responsibility or liability for the services provided by Inter Partner Assistance Hong Kong Limited concerned.

    More details about the Prestige 6-Year (RMB) Insurance Plan, please refer to the Product Brochure.

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    Prestige 6-Year (RMB) Insurance Plan (Premier)
    (The life insurance plan is underwritten by China Life Insurance (Overseas) Company Limited.)

    Plan Features

    • Renminbi Insurance Policy

      The Policy is denominated in Renminbi so the Premium and benefits are paid in Renminbi. However, you can choose to pay the Premium or receive the Policy benefits in Renminbi or Hong Kong Dollars which offers flexibility on your financial arrangement*.
      * If you choose to pay the Premium or receive the Policy benefits in Hong Kong Dollar, the exchange rate of Hong Kong Dollar to or against Renminbi is determined by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”) with reference to the prevailing market-based exchange rates and/or relevant sources at the time of payment processing.


    • Guaranteed Maturity Benefit

      The Plan matures in 6 years; maturity benefit is guaranteed and equivalent to the 100% of the Basic Amount1 less all indebtedness (if any) upon Policy Maturity. This will help you to realize your financial plans by means of the guaranteed returns.


    • 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:

    1. 101% of the Accumulated Premiums Due and Received, or the guaranteed Cash Value at the date of death of the Insured, whichever is higher; less 
    2. any Indebtedness (if any) 

     

    • International Emergency Assistance Service2

      If the Insured is diagnosed with an illness or is injured in an accident outside Hong Kong, he or she will enjoy comprehensive coverage under the free 24-hour Worldwide Emergency Assistance Service.


    • Simplified Underwriting

      Application for the Plan is easy with simplified underwriting procedures and no medical examination is required.

  • Enrolment Terms
    Issue Age: From 15 days after birth to 75 years old)
    Policy Currency: RMB
    Premium Payment Term: 3 Years
    Benefit Term: 6 Years
    Premium Payment Method: Annual
    Minimum Basic Amount1: RMB600,000
    Maximum Basic Amount1: RMB20,000,000

    Remarks:
    1. Bsic Amount of this plan is used for projecting the premiums and other policy values only (e.g. guaranteed Cash Value), the death benefit amount payable upon the insured's death may be less than the Basic Amount.

    2. 24-hour Worldwide Emergency Assistance Service is provided by Inter Partner Assistance Hong Kong Limited. China Life (Overseas) makes no representation, warranty or undertaking as to the quality and availability of the aforesaid services, and shall not accept any responsibility or liability for the services provided by Inter Partner Assistance Hong Kong Limited concerned.

    More details about the Prestige 6-Year (RMB) Insurance Plan (Premier), 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 and the interest rate of accumulated dividend are non-guaranteed.
    2. 8-Year Saver Endowment Plan” , “Goal 5 Insurance Plan”, “Luxe 5 Insurance Plan”, “Prestige 6-Year Insurance Plan (Special Edition)”, “Prestige 6-Year Insurance Plan (Golden Series)” , “Prestige 6-Year (RMB) Insurance Plan” and “Prestige 6-Year (RMB) Insurance Plan (Premier) ” 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. 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.
    4. 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.

     

     

    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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