iTarget 3 Years Savings Insurance Plan| BOC (HK) Limited

Product Features Flash Sale Basic Eligibility Requirements Illustrative Example Simple Steps to Enroll

iTarget 3 Years Savings Insurance Plan
(Apply via Mobile Banking)

iTarget 3 Years Savings Insurance Plan (“the Plan”)
Product Type: Life Insurance
Insurer: BOC Group Life Assurance Company Limited (“BOC Life”)

The Plan is No. 1 in the sales volume of life insurance products of Bank of China (Hong Kong) Limited (“BOCHK”) mobile banking.

Application process is entirely online,
with 2-year premium payment term and earn a steady return after 3 years while achieving your saving goal with life protection¹.

Product Features

Entitled to a guaranteed return at policy maturity after 3 years
Annualized Guaranteed Rate of Return² up to 4.00%^*,3

Upon policy maturity, Annualized Guaranteed Rate of Return^2,3 up to

HKD: 3.60%
RMB: 2.58%
USD: 4.00%

Choose your desired policy currency for Prepayment⁴/ Annual/ Monthly payment

HKD / RMB/ USD available
Remaining balance of prepaid ⁴ premiums (if any) with interest accumulation
Monthly premium from HKD500 only

Savings combined with life protection¹ and additional accidental death benefit⁵

*Annualized Guaranteed Rate of Return varies by your chosen policy currency and premium payment mode. The maximum annualized guaranteed rates of return mentioned above are included first year premium discount. Please refer to the product brochure for the details.

Before application, please read and understand the related product information, policy terms and all other relevant document and information.

Flash Sale

Up to 8.64% First Year Premium^# Discount Offer^3,6 ("the Offer")

Promo Code: MA1

From now till 31 March 2026, you may enjoy the Offer⁶ upon successful enrolment of the Plan with the promotion code. Limited Offer!

Policy Currency

First Year Premium^#
Discount^3,6

HKD

7.55%

RMB

1.73%

USD

8.64%

Quote and Apply

Product Video

# “First Year Premium” is based on the Initial Annual Premium as stated in the proposal. First Year Premium does not include levy, pre-paid premium(s) (if applicable) and extra premium loading imposed due to health condition (if applicable).

Note: The Offer is subject to terms and conditions.

Basic Eligibility Requirements⁷

Issue Age

Age 18 to age 74

Premium Payment Term

2 Years

Benefit Term

3 Years

Policy Currency

HKD / RMB / USD

Premium Payment Mode

Prepayment⁴ / Annual / Monthly
(Direct payment from BOCHK e-Banking Account)

Illustrative Example

iTarget 3 Years Savings Insurance Plan

Premium Payment Term

2 Years

Premium Payment Mode

Annual Payment for 2 years

Policy Currency

USD

Annual Premium

USD 12,500

Total Premiums

USD 25,000

Actual Total Premiums Paid⁸ after First Year Premium^# Discount^3,6

USD 23,920

USD 26,238

(Approximately 110% of the actual Total Premiums Paid⁸)

Actual total premiums paid after first year premium discount

Maturity payment at policy maturity after 3 years

Annualized Guaranteed Rate of Return^*,2 3.80%³

Note:

The above case is not real and for illustrative reference purpose only. The actual maturity payment will be subject to change according to the circumstances of each individual case. For details, please refer to the latest policy provisions and product brochure.

Simple Application on the BOCHK Mobile Banking App

1Log in to “BOCHK Mobile Banking” and select “Insurance” > “Savings Insurance” > “iTarget 3 Years Savings Insurance Plan”
For new customers, please open an BOCHK account first (click here for details)
Download "BOCHK Mobile Banking" > click "Open Account"

Login and select “iTarget 3 Years Savings Insurance Plan”

Insurance Application With Ease

Mobile Banking

BOCHK

Download APK

Online Application

Quote and Apply

Online Enquiry

Enquire Now

Insurance Hotline +852 3669 3003

The Policy Owner is subject to the credit risk of BOC Life. If the Policy Owner discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid.

Remarks:

The Death Benefit of the Plan is equivalent to 101% of Total Premiums Paid or Guaranteed Cash Value (whichever is higher) as at the date of death of the Insured less outstanding premiums (if any). Premium discount (if any) will not be taken into account when calculating the Death Benefit. Regarding the maximum amount of the Death Benefit payable if the Insured is covered by more than one policy under the Plan issued by BOC Life, please refer to the policy documents and provisions issued by BOC Life for details.
You will be entitled to a guaranteed maturity payment at policy maturity after 3 years. Annualized Guaranteed Rate of Return is the annual compound interest rate that Total Premiums Paid is cumulated to the guaranteed amount received at policy maturity date. This rate of return is rounded to 2 decimal places, and varies by your chosen policy currency, premium payment mode and initial premium amount. In case of any discrepancy, the proposal summary in BOCHK e-Banking (mobile banking/internet banking) shall be final.
The relevant return rates and amounts indicated are calculated based on the case with first year premium discount. These return rates and first year premium discount rates are rounded to 2 decimal places while amounts are rounded to the nearest whole number.
Premium Deposit Account is only applicable to policy with annual payment mode. If premiums prepayment option is selected, payable premiums for 2 policy years have to be fully paid upon insurance application. If the Insured passes away, the remaining balance of the prepaid premiums (if any) together with the Death Benefit and Additional Accidental Death Benefit (if any) will be payable to the beneficiary. If the Policy Owner makes withdrawal from the Premium Deposit Account balance or surrenders the policy, a premium deposit withdrawal fee will be deducted from the amount withdrawn from the Premium Deposit Account balance (if any). The premium deposit withdrawal fee is equivalent to 3.50% of the withdrawal amount or HK$350 / RMB350 / USD45 (whichever is higher), and is guaranteed whilst this policy is in force.
The Additional Accidental Death Benefit is applicable to the Insured whose policy’s issue age is between 18 and 60, who has an accident before the 1st policy anniversary and such accident should be the direct, independent and the sole cause of, and should result in the death of the Insured within 180 days after the accident and before termination of coverage under the relevant policy. Also, submission of due proof of the Accidental Death of the Insured is required. Please refer to the product brochure and policy provisions for the details.
Terms and conditions of the first year premium discount offer are as follows:
- Promotion period starts from 1 February 2026 to 31 March 2026 (both dates inclusive) (“the Promotion Period”). Nevertheless, the Offer is subject to time limit and quota and available on a first-come first-served basis. The Offer may be terminated before the end of the Promotion Period. Please confirm the remaining quota with BOC Life before submitting insurance application.
- To be eligible for the Offer, applicant(s) must fulfill all of the following requirements:
  (i)the application must be duly completed within the Promotion Period; and
  (ii)the application(s) must be accepted by BOC Life.
  Policy(ies) that fulfill the above-mentioned requirements (i) to (ii) is / are known as “Eligible Policy(ies)”.
- For prepayment cases, premium discount is only applicable to the first year premium. First year premium does not include levy, pre-paid premium(s)(if applicable) and extra premium loading imposed due to health condition (if applicable).
- For premiums paid on a monthly basis, the initial premium would be the discounted premiums for the first month. The rest of the first year discounted premiums shall be deducted monthly from the customer’s designated account during the second to twelfth months.
- The Offer is applicable to the basic plan of the Eligible Policy(ies), while the first year premium discount rate is determined in accordance with the standard premium of the basic plan of the Eligible Policy(ies).
- The Offer will be applicable to the Plan only and an applicant is allowed to apply for more than one policy of the Plan (acceptance of application(s) would be subject to underwriting result and the aggregate of the total annualized premium of all policies under the Plan for each insured, and the decision of BOC Life shall be final).
- The Eligible Policy(ies) must be in force and the Notional Amount, Sum Insured or the level of benefits (where applicable) of the basic plan must remain unchanged when the Offer is applied, otherwise BOC Life reserves the right to forfeit the entitlement to the Offer and / or reduce the eligiblepremium discount amount proportionally.
- The Offer cannot be changed, transferred, returned, exchanged for other gifts or redeemed for cash.
- In case of cancellation of the policy during the cooling-off period or in any event of a premium refund, the portion of any premium payments that has been deducted by the Offer will under no circumstances be counted as premium paid for reckoning the refundable amount of Total Premiums Paid.
- Except for the designated promotions specified by BOC Life, the Offer cannot be used in conjunction with other promotion offers of BOC Life.
- BOC Life reserves the right to amend, suspend or terminate the Offer and to amend the relevant terms and conditions at any time at its sole discretion without prior notice.
- In case of any dispute, the decision of BOC Life shall be final.
- The Terms and Conditions of the Offer shall be governed by, and construed in accordance with, the laws of the Hong Kong Special Administrative Region.
Applicant must be aged between 18 and 74. The Plan is available to the holders of Hong Kong Permanent Identity Card / Hong Kong Identity Card,People’s Republic of China Resident Identity Card / Passport or Macau Resident Identity Card, who also have BOCHK e-Banking (mobile banking / internet banking) account, to apply via BOCHK e-Banking in Hong Kong. And the Plan is subject to the relevant requirements on nationality and residency of the applicants and the Insured as determined by BOC Life from time to time. Please refer to the product brochure and policy provisions for the details of the Plan (including the coverage, key risks, major exclusions, etc.).
“Total Premiums Paid” means the total premiums paid for the basic plan. Any Premium Deposit Account balance shall be excluded.

Important Notes:

The Plan is a long-term insurance plan that is underwritten by BOC Life. It is not a bank deposit scheme or bank savings plan. BOCHK is the major insurance agency appointed by BOC Life.
BOC Life is authorised and regulated by the Insurance Authority to carry on long term business in the Hong Kong Special Administrative Region of the People's Republic of China (“Hong Kong”).
BOCHK is granted an insurance agency licence under the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) by Insurance Authority in Hong Kong. (Insurance agency licence no. of BOCHK is FA2855)
BOC Life reserves the right to decide at its sole discretion to accept or decline any application for the Plan according to the information provided by the proposed Insured and the applicant at the time of application.
The Plan is subject to the formal policy documents and provisions issued by BOC Life. Please refer to the relevant policy documents and provisions for details of the Insured items and coverage, provisions and exclusions.
BOCHK is the appointed insurance agency of BOC Life for distribution of life insurance products. The life insurance product is a product of BOC Life but not BOCHK.
BOCHK and / or BOC Life reserve the right to amend, suspend or terminate the Plan at any time, and to amend the relevant terms and conditions. In case of dispute(s), the decision of BOCHK and / or BOC Life shall be final.
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 BOCHK and the customer out of the selling process or processing of the related transaction, BOCHK is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the insurance product should be resolved between directly the insurance company and the customer.
Cancellation rights and refund of premium(s) and levy within cooling-off period:
Policy Owner has the right to cancel the policy/application form and obtain a refund of any premium(s) and the levy paid, which are collected by BOC Life on behalf of the Insurance Authority according to the relevant requirements, less any difference caused by exchange rate fluctuation, where applicable, by giving a written notice to BOC Life. Policy Owner understands that to exercise this right, the notice of cancellation must be signed by the Policy Owner and received directly by BOC Life’s Principal Office at 13/F, 1111 King’s Road, Taikoo Shing, Hong Kong within the Cooling-off Period. Policy Owner understands that the Cooling-off Period is the period of 21 calendar days immediately following either the day of the delivery of the policy or the Cooling-off Notice to the Policy Owner or the representative nominated by the Policy Owner (whichever is the earlier). Policy Owner understands that BOC Life will indicate the last day of the Cooling-off period in the Cooling-off Notice and text message issued to the Policy Owner (if applicable), if the last day of the Cooling-off Period as indicated in the Cooling-off Notice and the text message (if applicable) is not a working day, the period shall include the next working day. Policy Owner understands that the Cooling-off Notice is a notice that will be sent to the Policy Owner or the nominated representative of the Policy Owner by BOC Life to notify the Policy Owner of the Cooling-off Period around the time the policy is delivered. In addition, the Policy Owner understands that no refund of premium(s) and the levy can be made if a claim payment under the policy has been made to the Policy Owner prior to the request for the cancellation.
This promotion material is for reference on the key product features of the Plan and is intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of BOC Life outside Hong Kong. You are advised to read in conjunction with the product brochure of the Plan. Please refer to the sales documents, including product brochure, benefit illustration and policy documents and provisions issued by BOC Life for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, important notes, policy costs and fees) of the Plan.

The Death Benefit of the Plan is equivalent to 101% of Total Premiums Paid or Guaranteed Cash Value (whichever is higher) as at the date of death of the Insured less outstanding premiums (if any). Premium discount (if any) will not be taken into account when calculating the Death Benefit. Regarding the maximum amount of the Death Benefit payable if the Insured is covered by more than one policy under the Plan issued by BOC Life, please refer to the policy documents and provisions issued by BOC Life for details.
You will be entitled to a guaranteed maturity payment at policy maturity after 3 years. Annualized Guaranteed Rate of Return is the annual compound interest rate that Total Premiums Paid is cumulated to the guaranteed amount received at policy maturity date. This rate of return is rounded to 2 decimal places, and varies by your chosen policy currency, premium payment mode and initial premium amount. In case of any discrepancy, the proposal summary in BOCHK e-Banking (mobile banking/internet banking) shall be final.
The relevant return rates and amounts indicated are calculated based on the case with first year premium discount. These return rates and first year premium discount rates are rounded to 2 decimal places while amounts are rounded to the nearest whole number.
Premium Deposit Account is only applicable to policy with annual payment mode. If premiums prepayment option is selected, payable premiums for 2 policy years have to be fully paid upon insurance application. If the Insured passes away, the remaining balance of the prepaid premiums (if any) together with the Death Benefit and Additional Accidental Death Benefit (if any) will be payable to the beneficiary. If the Policy Owner makes withdrawal from the Premium Deposit Account balance or surrenders the policy, a premium deposit withdrawal fee will be deducted from the amount withdrawn from the Premium Deposit Account balance (if any). The premium deposit withdrawal fee is equivalent to 3.50% of the withdrawal amount or HK$350 / RMB350 / USD45 (whichever is higher), and is guaranteed whilst this policy is in force.
The Additional Accidental Death Benefit is applicable to the Insured whose policy’s issue age is between 18 and 60, who has an accident before the 1st policy anniversary and such accident should be the direct, independent and the sole cause of, and should result in the death of the Insured within 180 days after the accident and before termination of coverage under the relevant policy. Also, submission of due proof of the Accidental Death of the Insured is required. Please refer to the product brochure and policy provisions for the details.
Terms and conditions of the first year premium discount offer are as follows:
- Promotion period starts from 1 February 2026 to 31 March 2026 (both dates inclusive) (“the Promotion Period”). Nevertheless, the Offer is subject to time limit and quota and available on a first-come first-served basis. The Offer may be terminated before the end of the Promotion Period. Please confirm the remaining quota with BOC Life before submitting insurance application.
- To be eligible for the Offer, applicant(s) must fulfill all of the following requirements:
  (i)the application must be duly completed within the Promotion Period; and
  (ii)the application(s) must be accepted by BOC Life.
  Policy(ies) that fulfill the above-mentioned requirements (i) to (ii) is / are known as “Eligible Policy(ies)”.
- For prepayment cases, premium discount is only applicable to the first year premium. First year premium does not include levy, pre-paid premium(s)(if applicable) and extra premium loading imposed due to health condition (if applicable).
- For premiums paid on a monthly basis, the initial premium would be the discounted premiums for the first month. The rest of the first year discounted premiums shall be deducted monthly from the customer’s designated account during the second to twelfth months.
- The Offer is applicable to the basic plan of the Eligible Policy(ies), while the first year premium discount rate is determined in accordance with the standard premium of the basic plan of the Eligible Policy(ies).
- The Offer will be applicable to the Plan only and an applicant is allowed to apply for more than one policy of the Plan (acceptance of application(s) would be subject to underwriting result and the aggregate of the total annualized premium of all policies under the Plan for each insured, and the decision of BOC Life shall be final).
- The Eligible Policy(ies) must be in force and the Notional Amount, Sum Insured or the level of benefits (where applicable) of the basic plan must remain unchanged when the Offer is applied, otherwise BOC Life reserves the right to forfeit the entitlement to the Offer and / or reduce the eligiblepremium discount amount proportionally.
- The Offer cannot be changed, transferred, returned, exchanged for other gifts or redeemed for cash.
- In case of cancellation of the policy during the cooling-off period or in any event of a premium refund, the portion of any premium payments that has been deducted by the Offer will under no circumstances be counted as premium paid for reckoning the refundable amount of Total Premiums Paid.
- Except for the designated promotions specified by BOC Life, the Offer cannot be used in conjunction with other promotion offers of BOC Life.
- BOC Life reserves the right to amend, suspend or terminate the Offer and to amend the relevant terms and conditions at any time at its sole discretion without prior notice.
- In case of any dispute, the decision of BOC Life shall be final.
- The Terms and Conditions of the Offer shall be governed by, and construed in accordance with, the laws of the Hong Kong Special Administrative Region.
Applicant must be aged between 18 and 74. The Plan is available to the holders of Hong Kong Permanent Identity Card / Hong Kong Identity Card,People’s Republic of China Resident Identity Card / Passport or Macau Resident Identity Card, who also have BOCHK e-Banking (mobile banking / internet banking) account, to apply via BOCHK e-Banking in Hong Kong. And the Plan is subject to the relevant requirements on nationality and residency of the applicants and the Insured as determined by BOC Life from time to time. Please refer to the product brochure and policy provisions for the details of the Plan (including the coverage, key risks, major exclusions, etc.).
“Total Premiums Paid” means the total premiums paid for the basic plan. Any Premium Deposit Account balance shall be excluded.

Important Notes:

The Plan is a long-term insurance plan that is underwritten by BOC Life. It is not a bank deposit scheme or bank savings plan. BOCHK is the major insurance agency appointed by BOC Life.
BOC Life is authorised and regulated by the Insurance Authority to carry on long term business in the Hong Kong Special Administrative Region of the People's Republic of China (“Hong Kong”).
BOCHK is granted an insurance agency licence under the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) by Insurance Authority in Hong Kong. (Insurance agency licence no. of BOCHK is FA2855)
BOC Life reserves the right to decide at its sole discretion to accept or decline any application for the Plan according to the information provided by the proposed Insured and the applicant at the time of application.
The Plan is subject to the formal policy documents and provisions issued by BOC Life. Please refer to the relevant policy documents and provisions for details of the Insured items and coverage, provisions and exclusions.
BOCHK is the appointed insurance agency of BOC Life for distribution of life insurance products. The life insurance product is a product of BOC Life but not BOCHK.
BOCHK and / or BOC Life reserve the right to amend, suspend or terminate the Plan at any time, and to amend the relevant terms and conditions. In case of dispute(s), the decision of BOCHK and / or BOC Life shall be final.
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 BOCHK and the customer out of the selling process or processing of the related transaction, BOCHK is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the insurance product should be resolved between directly the insurance company and the customer.
Cancellation rights and refund of premium(s) and levy within cooling-off period:
Policy Owner has the right to cancel the policy/application form and obtain a refund of any premium(s) and the levy paid, which are collected by BOC Life on behalf of the Insurance Authority according to the relevant requirements, less any difference caused by exchange rate fluctuation, where applicable, by giving a written notice to BOC Life. Policy Owner understands that to exercise this right, the notice of cancellation must be signed by the Policy Owner and received directly by BOC Life’s Principal Office at 13/F, 1111 King’s Road, Taikoo Shing, Hong Kong within the Cooling-off Period. Policy Owner understands that the Cooling-off Period is the period of 21 calendar days immediately following either the day of the delivery of the policy or the Cooling-off Notice to the Policy Owner or the representative nominated by the Policy Owner (whichever is the earlier). Policy Owner understands that BOC Life will indicate the last day of the Cooling-off period in the Cooling-off Notice and text message issued to the Policy Owner (if applicable), if the last day of the Cooling-off Period as indicated in the Cooling-off Notice and the text message (if applicable) is not a working day, the period shall include the next working day. Policy Owner understands that the Cooling-off Notice is a notice that will be sent to the Policy Owner or the nominated representative of the Policy Owner by BOC Life to notify the Policy Owner of the Cooling-off Period around the time the policy is delivered. In addition, the Policy Owner understands that no refund of premium(s) and the levy can be made if a claim payment under the policy has been made to the Policy Owner prior to the request for the cancellation.
This promotion material is for reference on the key product features of the Plan and is intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of BOC Life outside Hong Kong. You are advised to read in conjunction with the product brochure of the Plan. Please refer to the sales documents, including product brochure, benefit illustration and policy documents and provisions issued by BOC Life for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, important notes, policy costs and fees) of the Plan.

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