RMB Universal Life Insurance Plan (“the Plan”) is an insurance plan that provides you with both whole life protection and potential opportunities in wealth accumulation. With RMB as the policy currency and other flexible features, the Plan allows you to prepare your future with ease.

Unlike traditional life insurance plans, this customized life insurance plan can help to meet your needs and financial goals at different life stages by flexibly managing the amount of premium or exercising Premium Holiday.

Act Now! Don’t miss this opportunity!

Enquiry Hotline: (852) 3988 2388
Website: www.bochk.com

Remarks:  

1. The Plan is subject to exchange rate risk. The exchange rate between Renminbi and Hong Kong Dollar may rise as well as fall. Therefore, if calculated in Hong Kong Dollar, premiums, fees and charges, account value/ surrender value and benefits payable under Renminbi policies will vary with the exchange rate. The fluctuation in exchange rate may result in losses if a customer chooses to pay premiums in Hong Kong Dollar, or requests the insurer to pay the account value/ surrender value or benefits in Hong Kong Dollar, for a Renminbi policy. Renminbi is currently not freely convertible and the conversion of Renminbi through banks in Hong Kong is subject to certain restrictions. For instance, the conversion of Renminbi is subject to a daily limit per person per day.
2. Account Value equals total premiums paid (minus premium charge, cost of insurance and policy fee), plus interest, less partial withdrawal amount and withdrawal charge (if applicable).
3. The crediting interest rate is an interest rate declared by BOCG Life and is subject to change from time to time. The minimum crediting interest rate will be reviewed on every 10^th policy anniversary.
4. Target Premium will be paid annually and is determined based on the sum insured, age, sex, smoking habit and risk factors.
5. Scheduled Top-up Premium will be paid annually. Currently, the minimum amount of Scheduled Top-up Premium is RMB30,000 and the maximum amount is 10 times of Target Premium or RMB 2,000,000(whichever is higher). From the 2^nd policy year onwards, you may reduce the amount of the Scheduled Top-up Premium (subject to the minimum requirement of premium amount) or cease payment of such premium at all; yet upon reduction or cessation, the reduced or ceased Scheduled Top-up Premium could not be increased nor resumed. Target Premium and Scheduled Top-up Premium (if applicable) must be paid together. BOCG Life reserves the right to reject or accept any Scheduled Top-up Premium.
6. Unscheduled Top-up Premium is applicable from the 1^st to 10^th policy year. Currently, the minimum amount of Unscheduled Top-up Premium is RMB30,000 and the maximum amount is 10 times of Target Premium or RMB 2,000,000 (whichever is higher). A maximum of one payment of Unscheduled Top-up Premium can be made in each policy year. BOCG Life reserves the right to reject or accept any Unscheduled Top-up Premium.
7. Premium Holiday can be exercised starting from the 2^nd policy year. During Premium Holiday, you are not required to pay Target Premium and Scheduled Top-up Premium, but you can choose to contribute Unscheduled Top-up Premium (if applicable). Further, during the Premium Holiday, cost of insurance and policy fee will be deducted from the Account Value. If the Account Value is not sufficient to pay the above-mentioned fees, the policy will lapse after the end of grace period.
8. Partial withdrawal is applicable starting from the 1^st policy year. You can make up to two partial withdrawals in each policy year, however you are required to meet the minimum withdrawal amount (currently it is RMB10,000) and minimum Account Value (currently it is RMB50,000) after withdrawal. Partial withdrawal is subject to a withdrawal charge from the 1^st to 9^th policy year.
9. Simplified underwriting only applies to HKID card holders or people gainfully employed in selected cities in the Mainland of China/ Macau. The maximum sum insured for simplified underwriting is RMB 3,000,000 (Age: 0-45); RMB 2,000,000 (Age: 46-55); RMB 1,000,000 (Age: 56-60) and RMB 100,000 (Age: 61 -70).
10. The relevant services are provided by Inter Partner Assistance Hong Kong Limited in accordance with the Conditions for Services pursuant to “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 at its sole discretion. With effect from 1 March 2013, the local telecommunication service provider will cease all international operator-assisted call services, including collect calls (calls paid by call recipient). The collect call service of the 24-hour Worldwide Emergency Assistance Services provided by Inter Partner Assistance Hong Kong Limited will no longer be available starting from the same date in this regard. The relevant telephone numbers, terms and conditions of the services shall remain unchanged.

Important Notes:

• The Plan is underwritten by BOCG Life.
• The exchange rate between Renminbi and Hong Kong Dollar in respect of Renminbi policies under the Plan will be the market-based prevailing exchange rate determined by BOCG Life from time to time, which may not be the same as the spot rate of banks.
• 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 this promotional material, the English version shall prevail.

This promotional material 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 fees and charges, detailed terms, conditions and exclusions) of the Plan.