Note：

The Policy Owner is subject to the credit risk of China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”). If policyholder terminates and/or surrenders the Plan in the early policy stage, the amount of the benefit he/she will receive may be considerably less than the total amount of premiums paid.

Remarks：

1. If the required renewal premium is paid by you within the grace period, the policy shall continue to be in force. For details, please refer to the policy provisions issued by China Life (Overseas). If the policy is lapsed or surrendered early, the policy cash value received by you may be considerably less than the total amount of the premium paid.
2. The annualized guaranteed rate of return mentioned above is rounded to 2 decimal places, and reflected premium discount (if any). The relevant return rates and amounts mentioned above are calculated based on the case with premium discount (if applicable). Please refer to relevant promotional flyer for terms and conditions of the premium discount offer.
3. If you choose to issue the policy in USD and pay the premium annually or monthly, the relevant premiums and levies can only be settled in HKD accounts. However, you must be aware that if the policy is issued in USD and you choose to pay the relevant amount in HKD, fluctuations in the exchange rate will affect the related amount, including payment of premiums and levy.
4. If you choose the annual and premium prepayment option, the interest rate of prepaid premium is 5% (applicable to HKD policy) or 5.25% (applicable to USD policy) or 3% (applicable to CNY policy) p.a. and this interest rate is guaranteed. If you withdraw the unused prepaid premium (including interest, if any) at one time or upon surrender of the policy, China Life (Overseas) will charge 3% of the withdrawal amount, at a minimum amount of HKD200 (applicable to HKD policy) or USD25 (applicable to USD policy) or CNY160 (applicable to CNY policy). You can withdraw the unused prepaid premium once only.
5. The first year premium discount shall be deducted from the initial premium. First Year annualized premium amount is the initial annual premium amount payable of the Policy, and the premium discount, prepaid premium and premium levy are not included.
6. While Policy is in force, provided that all due Premiums have been fully paid by the Policyholder and the Insured still survives, the coverage period of this plan is 5 years, upon Policy Maturity, China Life (Overseas) will pay to the Policyholder the “maturity benefit” which is equal to guaranteed Cash Value, less any Indebtedness (if any). The Policy shall then terminate.
7. Basic amount means the amount shown on the policy information page as the “basic amount” (or as amended by endorsement from time to time). The “basic amount” is used to calculate premium and guaranteed cash value but it is not applicable to the calculation of the “death benefit”. If the basic amount has been amended while the policy is in force, the said premium and guaranteed cash value will be adjusted accordingly.

Important Notes：

This promotion material is for reference only. It does not form a contract between China Life (Overseas) and anyone or any entity else. The detailed terms, conditions and exclusions of the Plan are subject to the relevant policy contract. Before the application, you are reminded to review the policy contract and all relevant product materials, including insurance contract and product brochure,and to seek independent professional advice if necessary.

• The Plan is underwritten by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”). China Life (Overseas) is responsible for the features, underwriting and benefit payments under the Plan. You should fully understand all of the risks involved in the Plan and consider whether the Plan is affordable and suitable to you before making your application.
• lThe Plan is underwritten by China Life (Overseas). It is not a bank deposit scheme or bank savings plan. Bank of China (Hong Kong) Limited ("BOCHK") is an appointed insurance agency of China Life (Overseas) for distribution of life insurance products. The life insurance product is a product of China Life (Overseas) but not BOCHK.
• The Plan is available to the holders of Hong Kong Permanent Identity Card, who also have BOCHK e-Banking mobile banking account, to apply via BOCHK mobile banking in Hong Kong.
• You are allowed to apply for more than one policy of this Plan, while the aggregate of the total annualized premium of all policies under the Plan for each Insured should not exceed HKD2,000,000 / USD250,000/ CNY1,600,000.
• 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 directly between China Life (Overseas) and the customer.
• China Life (Overseas) is authorized and regulated by Insurance Authority to carry on long term business in the Hong Kong Special Administrative Region of the People's Republic of China. BOCHK is granted an insurance agency license under the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) by Insurance Authority (Insurance agency license no. FA2855).
• China Life (Overseas) 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 / or the applicant at the time of application.
• The Plan is subject to the formal policy documents and provisions, benefit items and coverage, provisions and exclusions issued by China Life (Overseas). The terms and conditions are subject to the policy document issued by China Life (Overseas).
• The Plan is an insurance product. Part of the premium is paid for the insurance and related costs.
• The Plan is a non-participating life insurance plan and therefore dividends are not available to the Plan.
• This promotion material is for distribution in Hong Kong only and shall not be construed as any provision of or an offer to sell or solicitation to buy any insurance product outside Hong Kong. The above information is for reference only. The detailed terms, conditions and exclusions of the Plan are subject to the terms and conditions of the policy contract of the Plan.
• China Life (Overseas) reserves the right to revise, or terminate the Plan, or alter the relevant terms and conditions at any time without prior notice. In case of disputes, the decision of China Life (Overseas) shall be final.
• China Life (Overseas) shall make the final decisions on the underwriting and claims. China Life (Overseas) shall rely on your submitted information to assess whether to accept or decline your application, and shall refund any premium and levy (if any) paid without interest for declined cases.
• Cooling-off right

You have the right to cancel the policy within the cooling-off period and obtain a refund of any premiums and premium levy (if any) paid provided that no claim has been made under it. You must submit a written notice signed by you to China Life (Overseas) at 22/F, CLI Building, 313 Hennessy Road, Wan Chai, Hong Kong within 21 calendar days after the delivery of the policy or Notice of Policy Issuance (telling you about the availability of the policy and the expiry date of the cooling-off period) to you or your representative, whichever is earlier.

• Payout arrangement at maturity

The maturity benefit will be payable after the policy maturity date and receipt of all necessary documents by China Life (Overseas). The actual processing time required will depend on the payment collection method to be selected by you. For details about the collection of maturity benefit, please refer to the website of China Life (Overseas) at www.chinalife.com.hk or call our customer service hotline at (852) 3999 5519.