| Basic Eligibility Requirements |
| Plan |
Prosperous Income Rise Insurance Plan (8 Years) |
Prosperous Income Rise Insurance Plan (10 Years) |
Prosperous Income Rise Insurance Plan (15 Years) |
Prosperous Income Rise Insurance Plan (20 Years) |
| Policy Currency |
HK Dollar or US Dollar |
| Issue Age |
18 – 70 years old |
18 – 65 years old |
18 – 60 years old |
18 – 65 years old |
18 – 60 years old |
18 – 50 years old |
| Premium Payment Period |
3 Years |
5 Years |
10 Years |
5 Years |
10 Years |
To age 60 |
Commencement of
Income Period |
9th Policy Year |
11th Policy Year |
16th Policy Year |
11th Policy Year |
16th Policy Year |
Since age 60 |
| Income Period |
8 Years |
10 Years |
15 Years |
20 Years |
| Minimum Guaranteed Monthly Income |
HK$1,000 or US$125 per month |
| Maximum Guaranteed Monthly Income |
HK$100,000 or US$12,500 per month |
| Premium Payment Mode |
Monthly / Quarterly / Semi-annual / Annual*
* All payable annual premiums can be prepaid via Premium Deposit Account. |
Remarks:
- The “Guaranteed Monthly Income” will increase annually by 5% on the first-paid “Guaranteed Monthly Income” (“Initial Guaranteed Monthly Income”) starting from the 2nd year of the “Income Period”, and will be subject to a maximum of 200% of the “Initial Guaranteed Monthly Income”. For example, if “Initial Guaranteed Monthly Income” is HKD1,000, the amount of “Guaranteed Monthly Income” in the 2nd year of “Income Period” will be HKD1,050 (HKD1,000 x (100% + 5%)) and the amount of “Guaranteed Monthly Income” in the 3rd year of “Income Period” will be HKD1,100 (HKD1,000 x [100% + (5% x 2)]), so on and so forth. The maximum limit of the “Guaranteed Monthly Income” for the above example will be HKD2,000 (HKD1,000 x 200%), so on and so forth.
- A lump sum of Guaranteed Bonus is payable at the commencement of the “Income Period”. It is equal to “Initial Guaranteed Monthly Income” multiplied by the number of years of the “Income Period”.
- Net Premiums Paid means the total premiums paid less all “Guaranteed Monthly Income” received and Guaranteed Bonus received.
- “Additional Accidental Death Benefit”, which is equivalent to 30% of the total premiums paid, is only applicable to the first three Policy Years and the insured who is aged 18 to 60 at the time of policy issued.
- The 24-Hour Worldwide Emergency Assistance Services are provided by Inter Partner Assistance Hong Kong Limited in accordance with the “Life Insurance Supplementary Emergency Assistance Services and Benefits”. The services are not guaranteed for renewal. BOCG Life reserves the right to withhold or amend the said services and benefit at its discretion.
Important Notes:
- Prosperous Income Rise Insurance Plan is underwritten by BOC Group Life Assurance Company Limited (“BOCG Life”).
- The Plan is a participating policy. Nevertheless, annual dividends, accumulated dividends and Dividend Accumulation Rate are neither guaranteed nor estimated values for future years. BOCG Life reserves the right to change from time to time.
- BOCG Life reserves the right to accept or decline any application for the Plan based on the information provided by the insured and applicant at the time of application.
- Bank of China (Hong Kong) Limited is one of the insurance agents of BOCG Life.
In case of any inconsistencies between the Chinese version and the English version of the above information, the English version shall prevail.
The above information is for reference only and is intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or solicitation to buy or provision of any products of BOCG Life outside Hong Kong. Please refer to the policy provisions issued by BOCG Life for details (including detailed terms, conditions and exclusions) of the Plan. |
“Guaranteed Monthly Income” for Better Budgeting
