Home Switch to Traditional Chinese Switch to Simplified Chinese Security Information
BOC Tower
Home Switch to Traditional Chinese Switch to Simplified Chinese Security Information Contact Us Career Advanced Search
Bank of China (Hong Kong) Limited Shadow
Bank of China (Hong Kong) Limited Shadow
Bank of China (Hong Kong) Limited Rmb Services Personal Banking Corporate Banking Investment Services Market Information Cross-border Financial Services About Us Tools
Curve Shadow
Subnav Top Border Shadow Shadow Shadow
Wealth Management Services
i-Free Banking
Monthly Savings Plan
Deposits
Mortgage
Personal Loan
Investment
Insurance
BOC Family Comprehensive Protection Plan (Series 1)
Personal Accident and Medical Insurance
Universal Travel Insurance
Premier Home Comprehensive Insurance
Domestic Helper Comprehensive Insurance
Motor Vehicle Insurance
Golfer Insurance
MPF
Card Services
Remittance
Internet Banking
Phone Banking
Mobile Banking (https://m.bochk.com)
Other Services
Service Charges
Subnav Bottom
Home > Personal Banking > Insurance > Personal Life Insurance > Mortgage Reducing Term Plan II
Section Arrow Mortgage Reducing Term Plan II
Grey Line
Mortgage Protection - Living without Worries
Being the pillar of the family, you have the obligation not only to purchase a house for your beloved family but also living together without fear of losing it if undesirable event happens. The plan provides you secure mortgage protection. In the event of the insured's death, this plan will help you repay the balance of your mortgage, your family will not need to worry about the burden of mortgage payment or loss of the house. This plan can let you and your family enjoy living with a peace of mind.
BulletSafe and Secure Protection for Mortgage
BulletContinuous Protection for Early Paid-up Mortgage
BulletFixed Premium for Easy Planning
BulletJoint Enrolment for Extra Discount
BulletSupplementary Benefits
BulletEnrolment Terms
 Grey Line
Round Corner
Grey Line
Grey Line
Grey Line Red Arrow Safe and Secure Protection for Mortgage
  • In the event of the insured's death during the term of the policy, an amount specified in the Policy Specifications so as to help pay up the mortgage for your family.
  • The sum insured will decrease each year to match your practical need. 
Back to Top
Grey Line
Grey Line
Grey Line Red Arrow Continuous Protection for Early Paid-up Mortgage
  • If you pay up your mortgage loan early, you only need to continue your premium payment and can still enjoy the life protection. 
Back to Top
Grey Line
Grey Line
Grey Line Red Arrow Fixed Premium for Easy Planning
  • The premium you pay for the protection plan is fixed and guaranteed not to change during the policy term, so you can plan ahead with confidence. 
Back to Top
Grey Line
Grey Line
Grey Line Red Arrow Joint Enrolment for Extra Discount
  • Joint mortgage owners will enjoy 10% discount if enrolled together. 
Back to Top
Grey Line
Grey Line
Grey Line Red Arrow Supplementary Benefits
  • Optional benefit riders are also available to enhance your protection.
    • Waiver of Premium Rider
    • Total and Permanent Disability Rider
Back to Top
Grey Line
Grey Line
Grey Line Red Arrow Enrolment Terms
Enrolment Qualification Independent or joint house owner with age 18 to 60
Minimum Sum Insured HKD400,000 or USD50,000
Coverage Period Choose from 5 to 30 years term but the insured's age cannot exceed 70 when the plan matures.
Premium Payment Period The same as coverage period
Premium Payment Mode Monthly / Quarterly / Semi-annual / Annual

Important Notes:

  • Mortgage Reducing Term Plan II (the "Plan") is underwritten by BOC Group Life Assurance Company Limited (“BOCG Life”).
  • 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 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.

The above information is for reference 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.
Print Email