IncomeJoy Lifelong Insurance Plan
Product Type : Life Insurance
Insurer : BOC Group Life Assurance Company Limited
BOC Group Life Assurance Company Limited (“BOC Life”) is pleased to introduce IncomeJoy Lifelong Insurance Plan (“the Plan”), which pays non-guaranteed income monthly to help you achieve financial flexibility throughout every life stage. The Plan offers stable accumulation through Guaranteed Cash Value, Monthly Income (Monthly Dividend) (non-guaranteed) and interest accrued thereon (non-guaranteed) (if any) as sustained growth potential. In addition, Terminal Dividend (non-guaranteed) (if any) may be payable upon approval of the Death Benefit (if applicable) or surrender of the policy.
When the time is right, you can pass your policy to your loved ones through the Plan’s flexible legacy planning features, protecting your family for generations. With its simple application process and underwriting, the Plan helps you to secure your family’s hopes and dreams with ease, now and in the future.
Note: Please refer to the product leaflet for the details of the Plan (including the coverage, key risks, major exclusions, etc.).
| Basic Eligibility Requirements | ||
|---|---|---|
| Issue Age | From 15 days afterbirth to age 74 | From 15 days after birth to age 70 |
| Premium Payment Term | 2 Years(lump sum prepayment option available) | 5 Years |
| Policy Currency | HKD/ RMB/ USD | |
| Premium Payment Mode | Annual / Semi-annual / Quarterly / Monthly | |
| COverage Period | Whole Life | |
| Minimum Notional Amount | HK$ 72,000 (HKD policy) / RMB 60,000 (RMB policy) / USD 10,000 (USD policy) | |
| Maximum Notional Amount | No maximum Notional Amount, subject to underwriting result | |
Before application, please read and understand the related Product Information, Policy Terms and all other relevant document and information carefully.
Important Notes:
- The Plan is underwritten by BOC Life. 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 insurance business in the Hong Kong Special Administrative Region of the People's Republic of China.
- 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 SAR. (insurance agency licence no. 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 the insurance company for distribution of life insurance products. The life insurance product is a product of the insurance company but not BOCHK.
- 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.
This promotion material is for reference only 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. Please refer to the sales documents, including product brochure, benefit illustration, policy documents and provision issued by BOC Life for details (including detailed terms, conditions, exclusions, policy costs and fees) of the Plan. For enquiry, please contact the branch staff of the major insurance agencies.
