iTarget 3 Years Savings Insurance Plan

Product Type : Life Insurance

Insurer : BOC Group Life Assurance Company Limited 


This plan is only available to the holders of BOCHK e-Banking account (mobile banking / internet banking). Applicant must be aged between 18 and 65 and holding a valid Hong Kong permanent identity card.  

Enter Promo Code PR3 to grab an opportunity for the Flash Sale!

  • Only paying premiums for 2 years
    Annualized guaranteed return up to 3.16%* after 3 years
  • Flexible premium payment mode
    Prepayment | Annual | Monthly 
    Prepaid premiums for higher returns
  • Monthly premium from HKD2,000 only
  • Instant application via mobile app
    One-stop self-service experience
  • Combination of savings and life protection  

Note:  Please refer to the product leaflet for the details of the Plan (including the coverage, key risks, major exclusions, etc.). 

Basic Eligibility Requirements Product Video
Issue Age Age 18 to age 65
Premium Payment Period 2 Years
Coverage Period 3 Years
Policy Currency RMB / HKD / USD
Premium Payment Mode Prepayment / Annual / Monthly            (Direct Payment from BOCHK e-Banking Account)

Flash Sale

Promotion Period:    From 18 August 2019 (Limited Offer)

Promo Code:             PR3

By entering the Promo Code as mentioned above, you may have an opportunity to enjoy the first year premium discount of your application of this plan. The discount rate of RMB, HKD and USD policy is at 3%!

Note: Premium discount offer is subject to terms and conditions. For details, please refer to the product leaflet.

Maximum Annualized Guaranteed Rate of Return*  

Currency RMB  HKD  USD
Maximum Annualized Guaranteed Rate of Return 3.16% 2.70% 2.86%

The annualized guaranteed rate of return is subject to the policy currency and premium payment mode you choose. Please refer to the product leaflet for the details.

Illustrative Example

iTarget 3 Years Savings Insurance Plan

Premium Payment Period:   2 years

Premium Payment Mode:    Annual Payment for 2 years

Policy Currency:                  USD

Annual Premium:                 USD12,500

Total Premiums:                  USD25,000

After deducting 3% first year premium discount ,actual Total Premiums Paid: USD24,625 

At policy maturity after 3 years

Maturity Payment:             USD26,303  (Approximately 107% of the actual Total Premiums Paid)

Annualized Guaranteed Rate of Return:  2.68%

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. 


*The relevant return rates and amounts mentioned above are calculated based on the case with first year premium discount. Please refer to product leaflet for terms and conditions of the premium discount offer.

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. Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends, interests) presented herein are not guaranteed and are for illustrative purposes only. The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.

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 agent bank appointed by BOC Life.

  • BOC Life is authorised and regulated by the Insurance Authority to carry on long term insurance business in the Hong Kong Special Administrative Region of the People's Republic of China.

  • 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 agent 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.   

  • Cooling-off period:
    The premium is used to pay for insurance and related costs. If you are not happy with your policy, you have a right to cancel it within the cooling-off period and obtain a refund of any premiums paid, by giving a notice in writing. Such notice should be signed by you and received by the insurer’s Hong Kong Main Office within the cooling-off period, i.e. 21 days after the delivery of the policy or the issue of a notice (informing the policy owner or policy owner’s representative about the availability of the policy and the expiry date of the cooling-off period) to the policy owner or policy owner’s representative, whichever is the earlier date. After the expiration of the cooling-off period, if you cancel the life policy before the end of the policy term, the projected total cash value / surrender value (if any) may be less than the total premium you have paid. 

This promotion material is for reference on the key product features of this Plan and is intended to be distributed in Hong Kong only. You are advised to read in conjunction with the product leaflet of this Plan. Please refer to the product leaflet, 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.