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Whole Life Insurance protects you at every stage of life
We face a lot of uncertainties and risks everyday. Life Insurance protects your family in the event of your death. We offer a range of life insurance products to suit your protection needs at every stage of life.
(The life insurance plan is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability).)
The plan is a participating insurance plan delivers medium-to-long-term wealth growth potential, with capital guarantee and protection as your wealth grows.
Wealth ICON Supreme III Insurance Plan
(The life insurance plan is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability).)
Plan Features
Capture potential growth on your savings with peace of mind
Wealth ICON Supreme III Insurance Plan is conceived to secure your assets with addition of medium-to-long-term growth opportunities. Offering comprehensive benefits - a guaranteed cash value, annual dividends* (non-guaranteed) and special bonus* (non-guaranteed), it will give you the versatility you need to expand on your financial achievement for your dreams or a fulfilling retirement. For details, please refer to the section of dividend / bonus information & investment strategy.
*The actual amount of annual dividend(if any) and special bonus(if any) may change anytime, with the values being higher or lower than those projected figure. Under some circumstances, the non-guaranteed benefits may be zero.
Convenience of one-time payment for a lifetime of potential returns
To help you plan your financial future at ease, you only need to pay premium at one go to address your needs of saving and life insurance protection. Your Plan starts off with a relatively high guaranteed cash value, and provides the potential to achieve higher returns in long run.
You decide how you withdraw
Once your wealth has grown to a level you’re satisfied with, you choose when and how you withdraw (Note 1) in a lump sum or regular instalments* based on your goals or needs.
Legacy for many lifetimes
If your goal is to leave a sizeable legacy for your kids and grandkids, just keep accumulating your wealth. You can change the insured after the end of the 1st policy year for unlimited times, to leave an ongoing legacy.
Split your policy as you wish
With the policy-split option, you can split your policy into two or more policies starting from the 5th policy anniversary as a legacy planning solution.
Secure your wealth
From the 15th policy year, you can convert part of the special bonus into annual dividends by exercising the special bonus lock-in option under your Plan which enables you to secure your wealth.
* The future benefits will be reduced if withdrawals are made. If you exercise withdrawal in early policy years, the amount withdrawn together with the policy values remained in the policy may be considerably less than the total amount of premiums you paid. For details, please refer to Note 1.
Notes:
1) Cash withdrawal
Any amount withdrawn will be taken from the accumulated annual dividends and interest (if any). If there is not enough value in the accumulated annual dividends and interest (if any), the remaining withdrawal amount will be taken from the guaranteed cash value and special bonus (if any) as a partial surrender. Any partial surrender will reduce the notional amount. The single premium paid, subsequent guaranteed cash value, annual dividends (if any) and special bonus (if any) will be reduced on a proportional basis from the effective date of partial surrender, according to the reduction in notional amount. Surrender benefit and death benefit will be reduced accordingly. If cash withdrawal and special bonus lock-in option are exercised on the same day, the special bonus will first be converted as part of accumulated annual dividends.
You can apply for the regular withdrawal service by written application from the 1st policy anniversary and while the policy is still in effect. When the application is approved, the selected withdrawal amount will be directly credited to the designated account of policy owner. The minimum monthly withdrawal amount is HK$1,000 / US$125 / RMB800, and the maximum annual withdrawal amount is 5% of the policy value, which may be determined in FWD’s sole discretion from time to time. If you exercise the regular withdrawal service in early policy years, the amount withdrawn together with the policy values remained in the policy may be considerably less than the total amount of premiums you paid. FWD will terminate the regular withdrawal service if the notional amount after the withdrawal would be below the minimum amount prescribed by FWD. For detailed termination conditions of regular withdrawal service, please refer to the policy provisions.
More details about the the Wealth ICON Supreme III Insurance Plan, please refer to the Product Brochure.
For enquiries, please visit any of our outlets or call our customer services hotline.
For more details about the products and services of FWD Life Insurance Company (Bermuda) Limited(Incorporated in Bermuda with limited liability), please visit the official website of FWD Life Insurance Company (Bermuda) Limited(Incorporated in Bermuda with limited liability) (www.fwd.com.hk) or please click here and visit the "Product Service Area"*. *This link brings you to a third party website. The Bank assumes no liability or control for your use of these links.
For more details about the products and services of China Life Insurance (Overseas) Company Limited, please visit the official website of China Life Insurance (Overseas) Company Limited (www.chinalife.com.hk).
Note:
- All policy dividends, special bonus, the interest rate of accumulated dividend and maturity dividend are non-guaranteed.
- " Wealth ICON Supreme III Insurance Plan" are underwritten by FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability). FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) is solely responsible for all features, policy approval, coverage and benefit payment under the Plan. Bank of Communications (Hong Kong) Limited is an appointed insurance agent of FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability).
- The above information is for reference and indicates the key features of the insurance plan only, this promotional material should read in conjunction with the relevant product brochure(s). You should not purchase this product solely on the basis of this promotional material. For full policy terms and conditions, exclusions and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy provision.
- The above insurance plan is NOT equivalent to the saving deposit or time deposit of Bank of Communications (Hong Kong) Limited and is NOT protected deposit under the Deposit Protection Scheme in Hong Kong.
- The age of insured mentioned in " Wealth ICON Supreme III Insurance Plan" refers to the age of the insured at the next birthday.
Important Notice:
Applicable to the insurance plan which is underwritten by FWD Life Insurance Company (Bermuda) Limited(Incorporated in Bermuda with limited liability) (“FWD”)
- Bank of Communications (Hong Kong) Limited (the“Bank”) distributes the product for FWD. The insurance plan is a product of FWD but not the Bank. All benefits payable under the insurance plan are subject to the credit risk of FWD.
- Part of the premium pays for the insurance and the related costs. If you discontinue and/or surrender your policy in the early policy years or before the end of the policy term, the amount you get back may be considerably less than the total premium you have paid.
- 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 the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.
- FWD is authorized and regulated by Insurance Authority.
- FWD reserves the right to accept or reject any Insurance Application.
For details, please refer to Disclosure of Important Information to Life Insurance Customers in the product brochure.
Applicable to the insurance plan which is underwritten by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”)
- Bank of Communications (Hong Kong) Limited (the“Bank”) distributes the product for China Life (Overseas). The insurance plan is a product of China Life (Overseas) but not the Bank. All benefits payable under the insurance plan are subject to the credit risk of China Life (Overseas).
- Part of the premium pays for the insurance and related costs. If you discontinues and /or surrender your policy in the early policy years or before the end of the policy term, the amount you get back may be considerably less than the total premium you have paid.
- 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 the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer.
- China Life (Overseas) is authorized and regulated by Insurance Authority.
-
China Life (Overseas) reserves the right to accept or reject any Insurance Application.
For details, please refer to Disclosure of Important Information to Life Insurance Customers in the product brochure.
Customer Service Hotline: 223 95559
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