China Life Insurance (Overseas) Company Limited (“China Life (Overseas)”) specially presents “Rise Insurance Plan (5)” (the “Plan”) that integrates financial management and life protection in one. It provides guaranteed maturity benefit and helping you to achieve your financial goals.

Plan Features

2-year premium payment term with 5-year life protection
By paying premium for 2 years¹, you can have life protection for 5 years. You can choose the payment mode of annual or annual and premium prepayment² at the outset to boost your return, with a guaranteed interest rate of 5% per annum.

Guaranteed maturity benefit
The Plan offers a benefit term of 5 years. You can receive a guaranteed maturity benefit equivalent to guaranteed cash value upon policy maturity less any indebtedness (if any), enabling you to accumulate wealth steadily.

Life protection
In the unfortunate event of the death of the insured whilst the policy is in force, a death benefit is payable to the beneficiary. The amount is equivalent to:

101% of the accumulated premiums due and paid of the basic plan or the guaranteed cash value of the basic plan on the date of death of the insured (whichever is higher), - any indebtedness (if any).

Should there be any prepaid premium balance and interest, they will also be payable to the beneficiary without any fee.

Simplified underwriting
To enable you to achieve your goal with ease, application of the Plan is easy. Simplified underwriting procedures are provided and no medical underwriting is required.

Enrollment Terms

Remarks:

Terms and Conditions

Important Information: The above information 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. You are reminded to review the relevant policy contract and all relevant product materials and to seek independent professional advice if necessary. For a copy of the policy provisions, please contact China Life (Overseas) for enquiry.

1.  The Plan is a life insurance plan (including guaranteed cash value). Part of the premiums are paid for the insurance and related costs. 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. 2.  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. 3.  The Plan is a life insurance product, but not a bank savings plan embedded with a free life insurance. The premium is not a placement of a savings deposit with the bank and hence is not protected by the Deposit Protection Scheme in Hong Kong. 4.  The Plan is a non-participating life insurance plan and therefore dividends are not available to the Plan. 5.  The premium will be paid to China Life (Overseas) and part of the premiums will become part of the assets of China Life (Overseas). The policyholder does not have any direct rights nor ownership over any of these assets. The policyholder’s rights are in accordance with the terms and conditions of the policy contract and policyholder’s recourse is against China Life (Overseas) only. Your policy is subject to the credit risk of China Life (Overseas). In the worst scenario, you could lose all of the premiums paid and benefits. 6.  The Plan is of a long-term nature. You are advised to carefully consider your financially capability, cash flow and liquidity needs before making any purchase decision. The Plan may not be suitable for you and you should not buy the Plan if you are in need of short-term liquidity. 7.  You can make partial withdrawal of the guaranteed cash value which would be regarded as the reduction on the basic amount. In such circumstances, the death benefit and the total cash value would be reduced accordingly. Or you can apply the policy loan where the maximum loanable value of the policy loan will be equal to a certain percentage, as determined and revised by China Life (Overseas) from time to time, of the policy’s cash value. Compounded interest at the rate per annum is determined and revised by China Life (Overseas) from time to time, will be charged on the policy loan. The interest rate of the policy loan is generally higher than loans offered by banks. For inquiry about current policy loan ratio and applicable interest and charges, please contact China Life (Overseas). If the policy loan with its accumulated interest equals to or exceeds the accumulated cash value in the policy, the policy will be automatically terminated and will lapse. 8.  Fubon Bank (Hong Kong) Limited (“Fubon Bank") is an appointed licensed insurance agency for China Life (Overseas), and is responsible for the distribution of relevant insurance products. Fubon Bank shall not be responsible for any matters in relation to the terms and conditions of the policy contract of the Plan. The Plan is a product of China Life (Overseas) but not the product of Fubon Bank. 9.  The Plan is underwritten by China Life (Overseas). China Life (Overseas) is responsible for the features, underwriting and benefit payments of the Plan. 10.  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 premium levy (if any) paid without interest for declined cases. 11.  In case you file a written complaint regarding the selling process or processing of the related transaction to Fubon Bank and the complaint is an “Eligible Dispute(s)” as defined in the Terms of Reference for the Financial Dispute Resolution Centre, Fubon Bank is required to enter into a Financial Dispute Resolution Scheme process with you if the Eligible Dispute cannot be resolved after Fubon Bank has issued the final written reply. If the complaint or dispute is related to the contractual terms of the product, it should be resolved directly between China Life (Overseas) and you. 12.  China Life (Overseas) accepts the full responsibility for all of the information contained in this webpage. The above information is for reference only. Please refer to the Plan’s policy for the exact terms and conditions and the full list of policy exclusions. For more information or a copy of the terms and conditions, please contact staff of Fubon Bank. 13.  The above information shall not be construed as any offer to sell or solicitation to buy or provision of any insurance products of China Life (Overseas) outside Hong Kong. 14.  The Insurance Authority will collect a levy on insurance premiums (if any) from policyholders through China Life (Overseas) in accordance with the law. For further information about the levy imposed by the Insurance Authority, please refer to China Life (Overseas) Premium Levy introduction website www.chinalife.com.hk/customer-service/useful-information/premium-levy or Fubon Bank Premium Levy introduction website.

Policy Information:

1.  Non-payment of premium / automatic premium loan You should pay premium(s) on time according to the selected premium payment term. If the due premium remains unpaid upon the expiry of the grace period, an automatic premium loan will be taken out against the policy to settle the unpaid premium automatically. All policy loans are interest-bearing and calculated at a rate (as stated on China Life (Overseas)’s website www.chinalife.com.hk) to be declared by China Life (Overseas) from time to time. Interest accrued shall become a part of the indebtedness. When the loan balance is equal to or exceeds the guaranteed cash value of the basic plan of the policy, the policy will lapse and you will lose the related benefits and suffer a financial loss. Under these circumstances, the surrender value of the policy will be deducted to repay the outstanding loan balance (including interest), and the remaining value will be refunded to you.   2.  Payout arrangement at maturity The Plan’s 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 you selected. For details about the collection of maturity benefit, please refer to the website of China Life (Overseas) at www.chinalife.com.hk or call China Life (Overseas)’s customer service hotline at (852) 3999 5519.   3.  Exclusions and limitations The above information is for reference only. Please refer to the “general provisions” and “benefit provisions” or contact the staff of Fubon Bank for the detailed terms and conditions of exclusions and limitations such as incontestability clause, suicide and fraud, etc.

What are the key product risks? Credit risk The Plan is a life insurance policy issued by China Life (Overseas). Any premium paid will become part of the assets of China Life (Overseas) and the financial strength will affect the ability to meet China Life (Overseas)’s contractual obligations to you under the policy. Therefore, you are subject to China Life (Overseas)’s credit risk. Early surrender risk The savings component of the Plan is subject to risks and possible losses. Should you surrender the policy early, you may receive an amount considerably less than the total amount of premiums paid. Exchange rate and currency risks Any policy with foreign currencies involves risks, such as potential changes in political or economic conditions that may substantially affect the price or liquidity of a currency. The fluctuations in exchange rates may also cause financial losses to you during currency conversions. You should take exchange rate risk into consideration when deciding the policy currency. The policy currency of the Plan offers HKD and USD. Currency exchange rate can go up and down. If the policy currency is USD but calculated in HKD, the calculation is subject to the exchange rate. There is a risk that you could lose a substantial portion of total value of the policy or benefit if the policy currency depreciates substantially against your local currency. China Life (Overseas) will base on the prevailing market-based exchange rate of that respective currency to the policy currency and / or from the relevant sources at the time of processing such conversion, which will be subject to change from time to time. Such exchange rate may be different from the exchange rate offered by the Bank. Inflation risk The cost of living in the future may be higher than expected due to the effects of inflation. Therefore, your current projected benefits and / or returns may be insufficient to meet your future needs even if China Life (Overseas) fulfills all of our contractual terms and obligations. Liquidity and withdrawal risk You are obliged to hold the policy and pay the premium(s) for the designated period of time. If you surrender the policy prior to the policy maturity date, you will suffer a financial loss. In case you make partial withdrawal(s) from the policy, your policy value, death benefit and other policy benefits will be affected, and you may need to pay the relevant handling fee or charges (if any). Policy termination The policy will be terminated if (a) the policy is surrendered by the policyholder; or (b) China Life (Overseas) has paid the maturity benefit; or (c) China Life (Overseas) has paid the death benefit in full; or (d) the due premium has not been paid within 31 days after the premium due date, and the policy has no remaining guaranteed cash value; or (e) the indebtedness of the policy is equal to or exceeds the guaranteed cash value of the policy. Effective from 1 January 2018, all policyholders are required to pay a levy on each premium payment made for both new and in-force policies to the Insurance Authority (the “IA”). For premium levy details, please visit the website of China Life (Overseas) at www.chinalife.com.hk or call China Life (Overseas)’s customer service hotline at (852) 3999 5519 or visit IA’s website at www.ia.org.hk.