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
Product Type: Life Insurance
Insurer: BOC Group Life Assurance Company Limited

"iTarget 3 Years Savings Insurance Plan"
is No. 1 in the sales volume of life insurance products of BOCHK mobile banking.

Instant Online Application
with 2-year Premium Payment Term and Earn a Steady Return after 3 years
while Achieving your Financial Planning Goals with Life Protection.

Product Features

Guaranteed Return in 3 Years
Annualized Guaranteed Rate of Return up to 4.30%^*

Maximum Annualized Guaranteed Rate of Return¹

HKD: 3.70%
RMB: 2.58%
USD: 4.30%

Choose your desired policy currency for Prepayment²/ Annual/ Monthly payment

HKD / RMB/ USD available
Remaining balance of prepaid premiums (if any)² with interest accumulation
Monthly premium from HKD500 only

Savings combined with life protection³ and additional accidental death benefit⁴

*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 leaflet for the details.

Before application, please read and understand the related Product Information, Policy Terms and all other relevant document and information carefully.

Flash Sale

Up to 10.25% First Year Premium* Discount Offer

Promo Code: UH13

From now till 30 June 2025 (Promotion Period), you may enjoy the first year premium* discount offer upon successful enrolment of the iTarget 3 Years Savings Insurance Plan (“the Plan”) with the promotion code . Limited Offer!

Policy Currency

First Year Premium*
Discount

HKD

8.11%

RMB

1.73%

USD

10.25%

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). First year premium discount offer is subject to terms and conditions

Note: First year premium discount offer is subject to terms and conditions. For details, please refer to the product & Promotion leaflet.

Basic Eligibility Requirements⁵

Issue Age

Age 18 to age 64

Premium Payment Term

2 Years

Benefit Term

3 Years

Policy Currency

HKD / RMB / USD

Premium Payment Mode

Prepayment / 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 paid after first year premium discount

USD 23,719

USD 26,238

(Approximately 111% of the actual Total Premiums Paid)

Actual total premiums paid after first year premium discount

Maturity Payment at policy maturity after 3 years

Annualized Guaranteed Rate of Return¹ 4.16%

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 leaflet.

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 a 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

Internet Banking 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:

Annualized guaranteed rate of return varies by your chosen policy currency and premium payment mode. The annualized guaranteed rates of return mentioned above are rounded to 2 decimal places, and included first year premium discount (if any). The relevant return rates and amounts mentioned above are calculated based on the case with first-year premium discount (if applicable). Please refer to product leaflet for terms and conditions of the first-year premium discount offer.
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. Please refer to the product leaflet for the details.
The Death Benefit of iTarget 3 Years Savings Insurance Plan ("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). “Total Premiums Paid” means the total premiums paid for the basic plan. Any Premium Deposit Account balance shall be excluded. 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 product leaflet, policy documents and provisions issued by BOC Life for details.
The Additional Accidental Death Benefit is applicable to the Insured of policy’s issue age between 18 and 60, who has an accident before the 1st policy anniversary. Such accident should be 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 leaflet and policy provisions for the details.
Applicant must be aged between 18 and 64. 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 leaflet and policy provisions for the details of the Plan (including the coverage, key risks, major exclusions, etc.).

Important Notes:

iTarget 3 Years Savings Insurance Plan (“the Plan”) is a long-term insurance plan that is underwritten by BOC Group Life Assurance Company Limited (“BOC Life”). It is not a bank deposit scheme or bank savings plan. Bank of China (Hong Kong) Limited ("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 this 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 leaflet of this 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.

Annualized guaranteed rate of return varies by your chosen policy currency and premium payment mode. The annualized guaranteed rates of return mentioned above are rounded to 2 decimal places, and included first year premium discount (if any). The relevant return rates and amounts mentioned above are calculated based on the case with first-year premium discount (if applicable). Please refer to product leaflet for terms and conditions of the first-year premium discount offer.
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. Please refer to the product leaflet for the details.
The Death Benefit of iTarget 3 Years Savings Insurance Plan ("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). “Total Premiums Paid” means the total premiums paid for the basic plan. Any Premium Deposit Account balance shall be excluded. 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 product leaflet, policy documents and provisions issued by BOC Life for details.
The Additional Accidental Death Benefit is applicable to the Insured of policy’s issue age between 18 and 60, who has an accident before the 1st policy anniversary. Such accident should be 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 leaflet and policy provisions for the details.
Applicant must be aged between 18 and 64. 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 leaflet and policy provisions for the details of the Plan (including the coverage, key risks, major exclusions, etc.).

Important Notes:

iTarget 3 Years Savings Insurance Plan (“the Plan”) is a long-term insurance plan that is underwritten by BOC Group Life Assurance Company Limited (“BOC Life”). It is not a bank deposit scheme or bank savings plan. Bank of China (Hong Kong) Limited ("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 this 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 leaflet of this 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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