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		Tactics Investment Insurance Plan

IMPORTANT INFORMATION

Tactics Investment Insurance Plan is an insurance policy issued by BOC Group Life Assurance Company Limited (“BOCG Life”).
Your investments are therefore subject to the credit risks of BOCG Life.
The premiums paid by you towards the insurance policy will become part of the assets of BOCG Life. You do not have any rights or ownership over any of those assets. The recourse of you is against BOCG Life only.
Your return on investments is calculated or determined by BOCG Life with reference to the performance of the Underlying Funds.
Your return of investments under Tactics Investment Insurance Plan will be subject to the charges of Tactics Investment Insurance Plan and may be lower than the return of the Underlying Funds.
Early surrender or withdrawal of the policy/suspension of or reduction in premium may result in a significant loss of principal and/or first year bonus awarded (if applicable). Poor performance of Underlying Funds may further magnify your investment losses, while all charges are still deductible.
The Investment Choices available under Tactics Investment Insurance Plan can have very different features and risk profiles. Some may be of high risk.
Please do not rely on this material alone. You should read the principal brochure carefully.

Unless otherwise defined, capitalized terms used in this material shall have the same meaning as those defined in the principal brochure of Tactics Investment Insurance Plan (the "Plan").

Tactics Investment Insurance Plan is an investment-linked insurance plan. It serves as a platform for wealth management along with insurance cover.

Target Contribution Period of 5 Years or 10 Years

Different Investment Choices

First Year Bonus

Allocate Your Investment Capital with Flexibility

Free Switching of Investment Choices

Partial Withdrawal to Cater for Different Needs

Death Benefit

Additional Accidental Death Benefit

Simple Application without Any Body Check Requirement

Important Notes

Target Contribution Period of 5 Years or 10 Years

You may choose to pay your premium by monthly or annual contributions with a Target Contribution Period of 5 years or 10 years.

Based on the contributions paid divided by the respective Unit Price(s), notional units of your selected Investment Choice(s) will be allocated to your policy. The allocation of notional units of the Investment Choice(s) to your policy is only for the purpose of calculating the value under your policy, and that you have no legal or beneficial entitlement in any Underlying Fund of the Investment Choice.

The Initial Contribution Period of the Plan is the first 24 months after the policy was in force. For Regular Basic Premiums paid during the Initial Contribution Period, notional units of your selected Investment Choice(s) will be allocated to the Initial Account. For Regular Basic Premiums paid after the completion of the Initial Contribution Period, notional units of your selected Investment Choice(s) will be allocated to the Accumulation Account.

Target Contribution Period 5 Years 10 Years
Minimum Regular Basic Premium Monthly Premium – USD250
Annual Premium – USD3,000 Monthly Premium – USD125
Annual Premium – USD1,500

The policy will be terminated upon the non-payment of the Regular Basic Premium during the Initial Contribution Period or at the death of the insured, early surrender, policy maturity (that is, the policy anniversary coinciding with or immediately after the insured reaches age 100) or at the zero or negative Policy Value. Surrender charge will be applied if the policy is terminated due to non-payment of the Regular Basic Premium during the Initial Contribution Period or early surrender before maturity. Please refer to the principal brochure for details.




		Different Investment Choices

		You can allocate the premiums to different Investment Choice(s) according to your risk profile and financial needs. The minimum allocation to each Investment Choice is 10% of Regular Basic Premiums and / or Top-up Premiums.

First Year Bonus

A first year bonus will be credited to your policy on the first policy anniversary after the receipt of the full payment of Regular Basic Premiums for the first policy year, provided that the Regular Basic Premiums paid in the first policy year is not less than USD3,500. The amount of the first year bonus will be allocated in the form of notional units of such Investment Choice(s) as indicated in your latest investment allocation instructions immediately before the first policy anniversary at the Unit Price as at the appropriate valuation day. Such notional units will be credited to the Initial Account and form part of the Account Value of the Initial Account which is subject to fees and charges stated in the principal brochure.

Calculation of first year bonus: Regular Basic Premiums paid in the first policy year x first year bonus rate

Regular Basic Premiums payable in the first policy year (USD)	First year bonus rate
	Target Contribution Period: 5 Years	Target Contribution Period: 10 Years
Not less than 3,500 but less than 8,000	10%	20%
GREATER than or equal to 8,000	15%	30%

The above bonus rate does not represent the rate of return or the performance of your investment.




		Allocate Your Investment Capital with Flexibility

		Top-up Premium is allowed according to your investment strategy which provides flexibility in allocating your investment capital. The Top-up Premium paid after deduction of the Top-up Premium Charge, divided by the respective Unit Price(s), will be credited to the Accumulation Account in the form of notional units in accordance with your selected Investment Choice(s) . The minimum amount of each Top-up Premium is USD4,000. The minimum amount can be changed by BOCG Life from time to time and BOCG Life reserves the right to decline acceptance of any Top-up Premium in exceptional circumstances.




		Free Switching of Investment Choices

		While the policy is in force, the Plan currently allows unlimited free switching between Investment Choice(s) within the same account (i.e. Initial Account or Accumulation Account) by submitting a prescribed form. This is subject to BOCG Life's rules that if you have Units of an Investment Choice in both Initial Account and Accumulation Account, the Units will be switched out from the Accumulation Account first. Only when there are no Units of such Investment Choice remaining in the Accumulation Account, you can switch out from the Initial Account. Currently, the minimum switching amount is USD250 each time. You can adjust your investment portfolio according to your investment strategy and capture every investment opportunity.




		Partial Withdrawal to Cater for Different Needs

		While the policy is in force, partial withdrawal from the Accumulation Account is allowed to cater for different financial needs subject to the minimum withdrawal amount of USD250 each time and a remaining balance of at least USD2,500 in the Accumulation Account after the partial withdrawal. However, partial withdrawal from the Initial Account is not allowed. BOCG Life reserves the right to change the minimum withdrawal amount, minimum balance in the Accumulation Account and the number of withdrawals per policy year.




		Death Benefit

		In the unfortunate event of the insured’s death while the policy is in force, the death benefit is equal to 101% of the Policy Value subject to the maximum amount of 100% Policy Value plus USD10,000, less any Policy Charges payable on the date of the insured’s death. If the insured is covered by more than one policies issued under BOCG Life’s Tactics Investment Insurance Plan (collectively, the “basic policies”), the maximum of the total amount of the death benefit under all these basic policies shall be equal to 100% of the Policy Value of all these basic policies plus USD10,000, less any Policy Charges payable on the date of the insured’s death. BOCG Life will only make one payment of the total amount of the death benefit under all these basic policies.




		Additional Accidental Death Benefit

		In the unfortunate event of the insured’s death due to accident before the age of 65 while the policy is in force, in addition to the death benefit, an additional accidental death benefit equal to 50% of the Policy Value (subject to the maximum amount of USD25,000) may be paid. The additional accidental death benefit may be payable if the death occurs within 180 days after the accident causing the death of the insured, provided the accidental death occurs before the age of 65. If the insured is covered by more than one policies issued under BOCG Life’s Tactics Investment Insurance Plan (collectively, the “basic policies”), the maximum of the total amount of the additional accidental death benefit under all these basic policies shall be equal to USD25,000. BOCG Life will only make one payment of the total amount of the additional accidental death benefit under all these basic policies. There are exclusions for this benefit. For details, please refer to the principal brochure.

Simple Application without Any Body Check Requirement

Application of the Plan is simple and without the need of any body check, thus convenient and time saving.

Policy General Information
Policy Currency	USD
Insured’s Issue Age	Aged 0 (starting from 15 days after birth) to aged 70
Coverage Period	Till the insured reaches the age of 100
Contribution Mode	Monthly / Annual regular contribution
Premium Payment Method	Autopay / Cheque / Cash / BOC credit card

Details of Charges

BOC Group Life Assurance Company Limited reserves the right to vary the policy charges or imposes new charges with not less than 1 month prior written notice or such shorter period of notice in compliance with the relevant regulatory requirements.

Scheme level

	Applicable Rate		Deduct from
Administration Fee	Administration fee is only deducted during the Target Contribution Period. 0.33% per month (3.96% per annum) of the Account Value of the Initial Account as at the first day of each policy month.		From the Initial Account only by redeeming notional units of Investment Choice(s) in proportion to your holdings in the various Investment Choice(s).
Maintenance Fee	0.05% per month (0.60% per annum) of the Account Value of each of the Initial Account and the Accumulation Account as at the first day of each policy month.		Deducted from the Initial Account and the Accumulation Account where applicable by redeeming notional units of Investment Choice(s) in proportion to your holdings in the various Investment Choice(s).
Policy Fee	USD5 per month (USD60 per annum) is deducted on the first day of each policy month.		Deducted from the Accumulation Account by redeeming notional units of Investment Choice(s) in proportion to your holdings in the various Investment Choice(s). If there is no value in the Accumulation Account, deduction shall be made from the Initial Account by redeeming notional units of Investment Choice(s) in proportion to your holdings in the various Investment Choice(s).
Top-up Premium Charge	Top-up Premium (USD)	Top-up Premium Charge (% of the Top-up Premium)	Deducted from top-up premium paid.
	Below 100,000	4.5%
	From 100,000 to less than 200,000	4.0%
	200,000 or above	3.5%
Switching Fee	Nil

Surrender Charge	Surrender charge is applicable upon termination of policy due to (a) non-payment of premium during Initial Contribution Period; or (b) surrender of policy. Surrender charge is surrender charge factor (see table below) multiplied by the Account Value of the Initial Account.			Deducted from the Initial Account.
	During Policy Year	Target Contribution Period: 5 Years	Target Contribution Period: 10 Years
	During Policy Year	Surrender Charge Factor (% of Account Value of Initial Account upon surrender)
	1	48%	70%
	2	36%	53%
	3	24%	31%
	4	12%	27%
	5	6%	23%
	6	0%	19%
	7	0%	15%
	8	0%	11%
	9	0%	8%
	10	0%	4%
	11 and after	0%	0%
	Please refer to section Details of Charges (page 7-8) of the Product Brochure of Tactics Investment Insurance Plan for the illustrative examples of surrender charge calculation.

Please refer to section Details of Charges (page 6-7) of the Product Brochure of Tactics Investment Insurance Plan for details of the charges.

Underlying Funds Level

You should note that the underlying funds of the Investment Choice(s) may have separate charges on management fee, performance fee, bid-offer spread and/or switching fee. You do not pay these fees directly – either (1) the fees will be deducted and such reduction will be reflected in the unit price of the underlying funds or (2) units will be redeemed from your Investment Choice(s) to pay these fees. For details, please refer to the offering document of the underlying funds and/or the principal brochure of Tactics Investment Insurance Plan which are available from BOC Group Life Assurance Company Limited upon request.

Enquiry Hotline: (852) 2860 0688

Website: www.bochk.com

Investments involve risks. The value and return (if any) of any investment product may go up as well as down.

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. For more details (including but not limited to risk factors, fees and charges) regarding Tactics Investment Insurance Plan, please read the policy provisions and the principal brochure carefully.




		Important Notes

		Tactics Investment Insurance Plan is underwritten by BOCG Life. BOCG Life reserves the right to decide at its sole discretion whether to accept or decline any application for the Plan. Bank of China (Hong Kong) Limited is one of the insurance agents of BOCG Life.