Mortgage Reducing Term Plan II

Product Type : Life Insurance

Insurer : BOC Group Life Assurance Company Limited

Being the pillar of the family, you have the obligation not only to purchase a house for your beloved family but also living together without fear of losing it if undesirable event happens. Mortgage Reducing Term Plan II underwritten by BOC Group Life Assurance Company Limited ("BOC Life") provides you secure mortgage protection. In the event of the insured's death, this plan will help you repay the balance of your mortgage, your family will not need to worry about the burden of mortgage payment or loss of the house. This plan can let you and your family enjoy living with a peace of mind.

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

Basic Eligibility Requirements
Enrolment Qualification age 18 to age 60
Premium Payment Period The same as coverage period
Coverage Period Choose from 5 to 30 years term but the insured's age
cannot exceed 70 when the plan matures
Policy Currency HKD / USD
Minimum Sum Insured HK$400,000 / US$50,000
Premium Payment Mode Annual / Semi-annual / Quarterly / Monthly

 

Important Notes: 

  • The Plan and the supplementary rider(s) (if any) 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 and the supplementary rider(s) (if any) according to the information provided by the proposed Insured and the applicant at the time of application.
  • The Plan and the supplementary rider(s) (if any) 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.
  • 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 and policy documents and provision issued by BOC Life for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, policy costs and fees) of the Plan and the supplementary rider(s) (if any). For enquiry, please contact the branch staff of the major insurance agencies.