Smart Combo Protector

Life, savings and critical illness protection Guarding you all the way

Life, savings and critical illness protection
Guarding you all the way

On our journey through life, each new adventure brings new possibilities. To make the most of every opportunity, we need to make plans to accumulate wealth and protect our health while shoring up future security for our loved ones.

Smart Combo Protector (the “Plan”) is a one-stop insurance plan that combines three key support pillars. It helps you accumulate wealth in order to reach your long-term financial goals; offers life protection so that you can ensure your loved ones’ security beyond your lifetime; and safeguards your health against the covered Critical Illnesses by providing financial support. With Smart Combo Protector, you can protect your future, paving a steady road to a brighter tomorrow.

Plan Highlights

Wealth accumulation with Guaranteed Cash Value and non-guaranteed dividends
Security for your family beyond your lifetime
Financial support for the covered Critical Illnesses
Settlement options to suit you and your loved ones
Your choice of Premium Payment Term for flexible budgeting

Wealth accumulation with Guaranteed Cash Value and non-guaranteed dividends
No matter what your future dreams are, Smart Combo Protector can help you accumulate wealth steadily, bringing you closer to your long-term savings goals with Guaranteed Cash Value and non-guaranteed benefits in the form of an Annual Dividend^1,2 and Terminal Dividend³.

Guaranteed Cash Value
The Plan provides Guaranteed Cash Value under your Policy, which will steadily grow over time. It is payable at Policy surrender or Policy maturity.
Non-guaranteed Annual Dividend
Starting from the 11^th Policy Anniversary, the Plan will provide an Annual Dividend equal to 3%^* of the Nominated Amount on a yearly basis. You can choose to receive your Annual Dividend in cash or keep it in your Policy to accumulate interest⁴.

^*The figure is based on the current assumed investment returns of Fubon Life Insurance (Hong Kong) Company Limited (“Fubon Life”). It is not guaranteed and may be reviewed by Fubon Life from time to time. For details, please refer to the Benefit Illustration document.
Non-guaranteed Terminal Dividend
Starting from the 10^th Policy Anniversary, you can also benefit from a Terminal Dividend, which is payable as a one-off payment upon the death of the Insured Person, or if the Insured Person is diagnosed with a Critical Illness that is covered by the Plan, or at Policy surrender or Policy maturity.

Security for your family beyond your lifetime
To protect the family, Smart Combo Protector offers life protection up to age 100⁵ of the Insured Person. In the unfortunate event of the death of the Insured Person, the Beneficiary will receive a Death Benefit equal to:

Premium Payment Term (Premium Mode)	Death Benefit
	Death before age 70⁶ of the Insured Person	Death at or after age 70⁶ of the Insured Person	+ Accumulated Annual Dividends^1,2 with interest⁴ (if any) + Terminal Dividend³ (if any) - Indebtedness⁷ (if any)
	as a % of the Nominated Amount
3 years (Annual/ Annual with prepayment^8,9)	200%	100%
5 years (Annual)	180%	100%

If there is any Premium Prepayment Balance⁸ under your Policy as at the death of the Insured Person, such balance will be paid together with the Death Benefit.

Financial support for the covered Critical Illnesses
If a health crisis strikes and the Insured Person is diagnosed with Cancer, Heart Attack or Stroke as covered under the Plan (“Critical Illness(es)”), the Critical Illness Advance Benefit¹⁰ will offer crucial financial support through an advance payment. You can put this towards medical treatment or other bills as you see fit, helping to ease the financial burden so you can focus on treatment and recovery.

The Critical Illness Advance Benefit is equal to:

Premium Payment Term (Premium Mode)	Critical Illness Advance Benefit
Premium Payment Term (Premium Mode)	as a % of the Nominated Amount	+ 50% of the Terminal Dividend³ (if any) - Indebtedness⁷ (if any)
3 years (Annual/ Annual with Prepayment^8,9)	100%
5 years (Annual)	90%

If you prepaid any premiums for your Policy, 50% of the Premium Prepayment Balance⁸ (if any) will be paid together with the Critical Illness Advance Benefit.

The Critical Illness Advance Benefit is available before age 70⁶ of the Insured Person and can be claimed once under the Plan. Once it is paid or becomes payable, the Nominated Amount of your Policy will be reduced by 50% and, consequently, the premiums, Premium Prepayment Balance (if any), Terminal Dividend (if any), Annual Dividend^1,2 (if any) and Guaranteed Cash Value will be reduced proportionately.

No Critical Illness Advance Benefit shall be payable if the Insured Person is diagnosed with a Critical Illness within 90 days from the Issue Date or the last Reinstatement Date (whichever is later).

Settlement options to suit you and your loved ones
During the lifetime of the Insured Person, you have the option to choose how the settlement amount at the death of the Insured Person¹¹ will be paid to the Beneficiary¹². Other than a lump sum, such settlement amount can be paid through a regular payment option in monthly, semi-annual or annual instalments11 over a period of 5, 10, 20 or 30 years, or a combination of a lump sum of not less than 5% of the total payable amount plus regular payments¹¹. Interest will accrue on the balance of such settlement amount which has yet to be paid at an interest rate to be determined by Fubon Life from time to time. That way, you can spread out the settlement payment in a planned way, providing long-term financial support to your loved ones.

The regular payment option is also applicable to the settlement amount at Policy surrender¹¹ (provided your Policy has been in force for 5 years prior to full surrender) or Policy maturity¹¹.

Your choice of Premium Payment Term for flexible budgeting
The Plan caters to your financial situation by offering two Premium Payment Terms to choose from: 3 years or 5 years. The premium is guaranteed to remain unchanged once it is determined and will not increase with your age, enabling you to make predictable plans for the future.

Plan Summary

Issue Age

15 days to age 60 (age last birthday)

Premium Payment Term

3 years / 5 years

Policy Term

Up to age 100⁵ of the Insured Person

Policy Currency

HKD / USD

Premium Mode

Annual / Annual with Prepayment^8,9

Minimum Nominated Amount

HKD180,000 / USD22,500

Premium Prepayment Interest

Guaranteed to be 3.5% p.a. on the Premium Prepayment Balance⁸
Will be used to settle future premiums

Guaranteed Cash Value

Payable upon Policy surrender or Policy maturity

Non-guaranteed Annual Dividend^1,2

Available from the 11^th Policy Anniversary
3%^* of the Nominated Amount each year

^*The figure is based on the current assumed investment returns of Fubon Life. It is not guaranteed and may be reviewed by Fubon Life from time to time. For details, please refer to the Benefit Illustration document.

Non-guaranteed Terminal Dividend³

Available from the 10^th Policy Anniversary
Payable upon the death of the Insured Person, or if the Insured Person is diagnosed with a Critical Illness that is covered by the Plan, or at Policy surrender or Policy maturity

Critical Illness Advance Benefit¹⁰

Payable upon the diagnosis of a Critical Illness (including Cancer, Heart Attack and Stroke as defined in the Policy Provisions) before age 70⁶ of the Insured Person

Premium Payment Term (Premium Mode)	Critical Illness Advance Benefit
Premium Payment Term (Premium Mode)	as a % of the Nominated Amount	+ 50% of the Terminal Dividend³ (if any) - Indebtedness⁷ (if any)
3 years (Annual/ Annual with Prepayment^8,9)	100%
5 years (Annual)	90%

50% of the Premium Prepayment Balance⁸ (if any) will also be paid upon the payment of the Critical Illness Advance Benefit
Once it is paid or becomes payable, the Nominated Amount of the Policy will be reduced by 50% and, consequently, the premiums, Premium Prepayment Balance (if any), Terminal Dividend (if any), Annual Dividend^1,2 (if any) and Guaranteed Cash Value will be reduced proportionately

Surrender Benefit

Guaranteed Cash Value
+ Accumulated Annual Dividends^1,2 with interest⁴ (if any)
+ Terminal Dividend³ (if any)
- Indebtedness⁷ (if any)
In case there is any Premium Prepayment Balance⁸ as at the Policy surrender, such balance less the Surrender Charge⁹ will also be paid

3 Surrender Benefit Settlement Options are available to choose from:

(i)	A lump sum payment;
(ii)	Regular payments¹¹: monthly, semi-annually or annually for 5, 10, 20 or 30 years (provided that the Policy has been in force for 5 years prior to full surrender); or
(iii)	A lump sum payment of not less than 5% of the total payable amount and the remaining balance to be paid in regular payments¹¹ (provided that the Policy has been in force for 5 years prior to full surrender)

Maturity Benefit

Guaranteed Cash Value
+ Accumulated Annual Dividends^1,2 with interest⁴ (if any)
+ Terminal Dividend³ (if any)
- Indebtedness⁷ (if any)
The Surrender Benefit Settlement Options are also applicable to the settlement amount at Policy maturity¹¹

Death Benefit

Premium Payment Term (Premium Mode)	Death Benefit
	Death before age 70⁶ of the Insured Person	Death at or after age 70⁶ of the Insured Person	+ Accumulated Annual Dividends^1,2 with interest⁴ (if any) + Terminal Dividend³ (if any) - Indebtedness⁷ (if any)
	as a % of the Nominated Amount
3 years (Annual/ Annual with prepayment^8,9)	200%	100%
5 years (Annual)	180%	100%

In case there is any Premium Prepayment Balance⁸ as at the death of the Insured Person, such balance will be paid together with the Death Benefit

3 Death Benefit Settlement Options¹² are available to choose from:

(i)	A lump sum payment;
(ii)	Regular payments¹¹: monthly, semi-annually or annually for 5, 10, 20 or 30 years; or
(iii)	A lump sum payment of not less than 5% of the total payable amount and the remaining balance to be paid in regular payments¹¹

Application Procedure

Simplified underwriting with several health questions to answer¹³

Remarks:

Any Indebtedness will be deducted from the non-guaranteed Annual Dividend when payable.

The Annual Dividend is non-guaranteed. However, the amount of the Annual Dividend and its interest (if any) already distributed to the Policy will not be changed. Past declarations of the Annual Dividend are not an indicator for future declarations. Future declarations of the Annual Dividend can be lower or higher than the past declarations and are determined based on the Dividend Philosophy. Please refer to the Dividend Philosophy for the relevant risk factors and details.

The Terminal Dividend is non-guaranteed and shall not be vested in the Policy until the time of payment. Past declarations of the Terminal Dividend are not an indicator for future declarations. Future declarations of the Terminal Dividend can be lower or higher than the past declarations and are determined based on the Dividend Philosophy. Please refer to the Dividend Philosophy for the relevant risk factors and details.

⁴

The accumulation interest rate is not guaranteed and can be determined by Fubon Life from time to time.

⁵

Age 100 does not refer to the entire year between the 100^th and 101^st birthday of the Insured Person. It refers to the Policy Anniversary on or immediately following the Insured Person’s 100^th birthday.

⁶

Age 70 does not refer to the entire year between the 70^th and 71^st birthday of the Insured Person. It refers to the Policy Anniversary on or immediately following the Insured Person’s 70^th birthday.

⁷

Indebtedness means all outstanding loans owed to Fubon Life in respect of the Policy including Automatic Policy Loan, Policy Loan, accrued interest on these loans, unpaid premium and any other amounts owed to Fubon Life.

⁸

An amount equivalent to an annual premium amount shall be deducted from the Premium Prepayment Balance annually on each and every premium due date. Prepayment cannot be refunded or withdrawn except in the event of the Death Benefit payment, Critical Illness Advance Benefit payment, Policy surrender or reduction in the Nominated Amount.

⁹

Should the Policyowner surrender the Policy or reduce the Nominated Amount of the Policy during the Premium Payment Term, a Surrender Charge of 5% of the Premium Prepayment Balance will be charged by Fubon Life.

¹⁰

The Critical Illness Advance Benefit is payable according to the definitions of Critical Illnesses as set out in the Policy Provisions of the Plan. Fubon Life shall pay the Critical Illness Advance Benefit once only under this Policy. The Critical Illness Advance Benefit shall cease immediately once it is paid or becomes payable under this Policy. No Critical Illness Advance Benefit shall be payable if the Insured Person is diagnosed with a Critical Illness within 90 days from the Issue Date or the last Reinstatement Date (whichever is later).

¹¹

For the settlement amount to be paid at regular intervals upon (i) the death of the Insured Person; (ii) Policy surrender; or (iii) Policy maturity, the amount payable must be equal to or more than HKD400,000 / USD50,000. Interest will accrue on the portion of such settlement amount which has yet to be paid at an interest rate to be determined by Fubon Life from time to time at its sole discretion. Please refer to the Policy Provisions for details.

¹²

Upon the Policyowner’s request during the lifetime of the Insured Person, the Beneficiaries are allowed to apply for a change of the Death Benefit Settlement Option after the death of the Insured Person. Please refer to the Policy Provisions for details.

¹³

Fubon Life has set a limit to the total premiums of insurance policies in respect of the same type of insurance products (as determined and revised by Fubon Life from time to time) for each Insured Person. Fubon Life reserves the right to accept or reject any applications for the Plan based on the information provided by the Insured Person during application.

For enquiries, you can visit any Fubon Bank branch or simply call Fubon Bank Integrated Customer Service Hotline 2566 8181 (Press 3 after language selection) during office hours^* for more details.

^*Office hour: Monday to Friday: 9am to 7pm; Saturday: 9am to 1pm (except public holidays).

Warning Statement:
Smart Combo Protector is a life insurance plan, with non-guaranteed dividend and non-guaranteed accumulated interest. Part of the premiums pay for the insurance and related costs. The Policy is underwritten by Fubon Life Insurance (Hong Kong) Company Limited (“Fubon Life”) and is subject to Fubon Life’s credit risk. In the worst scenario, you may lose all premiums paid and benefits provided under the Policy. The savings part of the Plan is also subject to risk and loss. You must be aware of the long-term nature of life insurance plan. If you surrender your Policy before maturity, the amount you get back may be less than the amount of total premiums you have paid and thus resulting in a pecuniary loss. The insurance plan includes guaranteed and non-guaranteed parts. The non-guaranteed part is projected figures and for illustrative purposes only and is not guaranteed. The actual benefits and / or returns may be lower or higher than the projected figures. You should fully understand all of the risks involved in this product and consider whether this product is affordable and suitable to you before making your application. If you are not satisfied with the Policy, you have the right to cancel the Policy within the cooling-off period and obtain a refund of any premiums paid by giving written notice to Fubon Life provided that you have not made any claims under the Policy. Such notice must be signed by you and received directly by Fubon Life at Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong within 21 calendar days immediately following either the day of the delivery of the Policy or the Cooling-off Notice to you or your nominated representative, whichever is earlier.

Terms and Conditions

Important Notes

Nominated Amount and its Adjustment

The Nominated Amount serves as an amount for the calculation of premiums and other Policy values for the Plan. It is not equivalent to the amount of the Death Benefit payable in case of the death of the Insured Person within the Benefit Period.

Reduction in Nominated Amount on Policy Anniversary is allowed, which shall not be less than the minimum Nominated Amount. As such, the Guaranteed Cash Value, Annual Dividend (if any), Terminal Dividend (if any), Premium Prepayment Balance (if any) and premium shall be reduced in proportion. The Critical Illness Advance Benefit, Surrender Benefit, Maturity Benefit and Death Benefit shall also be reduced accordingly.

Premium Adjustment

The premium is guaranteed to remain unchanged once it is determined and will not increase subsequently based on the Insured Person’s attained age.

Cancellation Right

If you are not completely satisfied with the Policy, you may return the Policy with your signed written request to Fubon Life for its cancellation. The Policy will be cancelled and the premium paid will be refunded, provided that the written cancellation request must be received directly by Fubon Life within 21 calendar days immediately following either the day of delivery of the Policy or the Cooling-off Notice to you or your nominated representative, whichever is earlier. The Cooling-off Notice is the notice sent to you or your nominated representative (separate from the Policy) notifying you of your right to cancel within the stated 21 calendar days period. The business address of Fubon Life Customer Services Department is Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong. No premium or prepaid premium (if any) shall be refunded if claim payment is made under this Policy.

After the expiration of the cooling-off period, you can request to cancel the Policy by submitting Fubon Life’s prescribed form, which is available by calling Fubon Life Customer Service Hotline at (852) 2516 0133. If you cancel the Policy before maturity, the projected total cash value may be less than the amount of the total premiums you have paid.

Disclosure of Information for Underwriting

You shall disclose to Fubon Life all the material facts in order for Fubon Life to assess the risks for issuing this Policy. If any misstatement is found in respect of the age, sex, smoking habit or other relevant facts of the Insured Person that may affect the terms of benefits provided under this Policy, Fubon Life shall have absolute discretion to adjust the Nominated Amount and benefits payable, impose additional conditions, or reject claim requests based on the correct information of the Insured Person. Fubon Life shall have the right to void the Policy if the Insured Person is ineligible or disqualified for benefits under this Policy based on the correct facts, and Fubon Life shall refund the premium paid and the prepaid premium (if any) without interest for the period when the Policy becomes void, less any benefits paid and Indebtedness.

Levy on Insurance Premium

Effective from 1 January 2018, all Policyowners are required to pay a levy on each premium payment made for both new and in-force Policies to the Insurance Authority (“IA”). Pursuant to the current policy of Fubon Life, the levy will be borne and settled by Fubon Life to the IA and Fubon Life reserves the right to change such policy. For levy details, please visit Fubon Life’s website www.fubonlife.com.hk/products_philosophy_en.html or IA’s website www.ia.org.hk/en/index.html.

Dividend Philosophy

For participating Policy, your Policy can earn the investment return of the segregated asset portfolio of the group of business determined by Fubon Life in the form of Annual Dividend and / or Terminal Dividend. The Annual Dividend and Terminal Dividend are non-guaranteed benefits. Fubon Life aims to ensure fair treatment between different groups of Policyowners.

Fubon Life will review the Annual Dividend and Terminal Dividend will be reviewed at least once a year, based on actual experience and investment outlook. Fubon Life will smooth out the volatility of the actual investment return to ensure a stable dividend payment. If there is any change to the dividend scale, you will be informed in writing by Fubon Life or by the Policy annual statement with explicit reasons for the change.

To determine the Annual Dividend and Terminal Dividend payment, Fubon Life will consider the actual experience and the outlook of the following factors:

Investment performance factors: This includes the interest earning of the asset portfolio and market value changes of the asset portfolio, reflecting different market factors such as equity price, asset liquidity, credit spread, default risk and exchange rate.
Persistency factors: This includes full surrender and partial surrender and the corresponding impact on investments, etc.
Claim factors: This includes the cost of providing Death Benefit and other insured benefits.

Investment Policy, Investment Objectives and Investment Strategy

The Investment Policy aims to actively monitor and manage investment risk and Policy liability and to identify asset with suitable characteristics, tenor and liquidity to meet the cash flow need of the insurance business.

The Investment Objectives are to support the guaranteed benefit of the Policies and also to meet the non-guaranteed benefit as illustrated in the Benefit Illustration document to the Policyowners.

The Investment Strategy is to diversify investment risks, to improve capital utilization efficiency, to enhance overall investment returns, and to safeguard the long-term interests of Shareholders and Policyowners. Should there be any significant changes in the Investment Strategy, Fubon Life would inform Policyowners of the changes, with underlying reasons and impact to the Policies.

The long-term target asset mix of this product is:

Asset Type

Target Asset Mix (%)

Bonds and other fixed income assets

55–80%

Non-fixed income assets

20–45%

To diversify the risk, Fubon Life Hong Kong may invest in securities of different regions, industries, credit ratings, and liquidities. This includes government bonds, corporate bonds and other fixed income assets in US, European, emerging markets, and so on. Fubon Life Hong Kong may also invest in non-fixed income assets including equities, private fund, public fund, mutual fund, index fund, etc. Depending on economy outlook, investment environment, as well as changes in the credit risk, Fubon Life Hong Kong will regularly review and adjust the asset allocation.

For details of “Dividend Philosophy”, “Accumulation Interest Rate Philosophy”, “Investment Policy, Investment Objectives and Investment Strategy” and “Measure to Manage Potential Conflict”, please refer to Fubon Life Hong Kong’s company website at www.fubonlife.com.hk/products_philosophy_en.html.

For details of “Fulfilment Ratios of Dividends and Interests”, please refer to Fubon Life Hong Kong’s company website at www.fubonlife.com.hk/fulfillment-ratios_crediting-interest_en.html.

The historical figure is not an indicator of future performance of Fubon Life Hong Kong’s products.

Key Product Risks

Nature of the Product and Liquidity Risk

The Plan is of long-term nature and is not of any bank savings nature. You are advised to carefully consider your financial capability, cash flow and liquidity needs before making any purchase decision. The Plan may not be suitable for you and you should not purchase the Plan if you are in need of short-term liquidity.

Policy Currency Risk

Policy currency is denominated in the currency as set out in the Policy Schedule. Should the premiums and benefits requested to be paid in the currency other than the Policy currency, approval of such request would be subject to Fubon Life’s absolute discretion and Fubon Life reserves the right to adopt an exchange rate as determined by Fubon Life’s absolute discretion. Please refer to “Foreign Exchange Risk” section below for more details.

Risk on Delaying or Missing Premium Payment

The premium will be paid to Fubon Life and part of the premiums will become part of the assets of Fubon Life while part of it will be paid for the insurance and related costs. The Policyowner does not have any direct rights nor ownership over any of these assets. The Policyowner’s rights are subject to terms and conditions of the Policy Provisions and his/her recourse is against Fubon Life only.

You should pay the initial premium on or before the Policy date and subsequent premium(s) on time according to the selected premium mode. Besides, if you fail to make subsequent premium payment before the expiry of the Grace Period (within 31 days after the premium due date) and, if applicable, the outstanding premium is not paid by the Automatic Policy Loan, the Policy will be terminated on the premium due date that triggers the Grace Period and you will lose the coverage afterward. The Surrender Benefit will be refunded to you. You may refer to the related Benefit Illustration document for details.

Withdrawal Risk

Withdrawal of the accumulated Annual Dividends with interest (if any) is not allowed if the withdrawal shall cause the total Indebtedness under the Policy exceeding 80% of the aggregate of Guaranteed Cash Value and accumulated Annual Dividends with interest (if any).

Surrender Risk

The Plan has a savings component and is subject to risks and possible loss. Should you surrender the Policy or reduce the Nominated Amount of the Policy before maturity, you may receive an amount considerably less than the amount of total premiums paid. Furthermore, reduction in Nominated Amount is not allowed if the reduction shall cause the total Indebtedness under the Policy exceeding 80% of the aggregate of Guaranteed Cash Value and accumulated Annual Dividends with interest (if any).

Termination Condition

Unless otherwise specified, all benefits under the Policy shall terminate on the earliest of the following events:

Death of the Insured Person ;
At Policy maturity;
Indebtedness under the Policy is greater than or equal to the aggregate of Guaranteed Cash Value and accumulated Annual Dividends with interest (if any);
Surrender or cancellation of the Policy; or
If Fubon Life is unable to collect any subsequent premiums which is due by the expiry of Grace Period and, if applicable, the outstanding premium is not paid by the Automatic Policy Loan.

Suicide

If the Insured Person commits suicide whilst sane or insane within the first 13 months from the Issue Date or the last Reinstatement Date (whichever is the later), Fubon Life shall only refund to the Policyowner or the estate of the Policyowner the higher of (i) the amount of the premium paid and the prepaid premium (applicable to Policies under the Annual with Prepayment mode) without interest less any benefits paid and Indebtedness; or (ii) the Surrender Benefit as at the date of death resulting from suicide of the Insured Person.

Key Exclusions

Fubon Life shall not pay any Critical Illness Advance Benefit for any Critical Illnesses resulting directly or indirectly from, or caused or contributed by (in whole or in part), any of the following:

Any Pre-Existing Conditions; or
The Insured Person’s attempted suicide or self-inflicted injuries while sane or insane; or
Any Critical Illnesses occur within 90 days from the Issue Date or the last Reinstatement Date (whichever is later); or
Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including Acquired Immune Deficiency Syndrome (AIDS) and/or any mutations, derivations or variations thereof (except AIDS/HIV due to Blood Transfusion and Occupationally Acquired AIDS/HIV); or
Drug addiction, alcoholism or intoxication by alcohol or drugs not prescribed by a Physician.

For the definition of Pre-Existing Conditions, please refer to the Policy Provisions.

Policy Loan

The Plan offers Policy Loan. It may trigger the start of Automatic Policy Loan, if there is outstanding premium. The loan shall bear interest computed at such rate as may be adopted by Fubon Life from time to time. No Policy Loan shall be granted if the loan shall cause the total Indebtedness under the Policy exceeding 80% of the aggregate of Guaranteed Cash Value and accumulated Annual Dividends with interest (if any). Please refer to the Policy Provisions for details.

Non-guaranteed Benefit

The Annual Dividend and its accumulation interest rate, Terminal Dividend, the accumulation interest rate of the remaining balance of the settlement amount at (i) the death of the Insured Person; (ii) Policy surrender; or (iii) Policy maturity under the regular payment option are not guaranteed. All non-guaranteed benefits are determined by Fubon Life and subject to revision from time to time.

Foreign Exchange Risk

Any transactions involving foreign currencies are subject to risks, the ever changing political and economic conditions may substantially affect the premium amount paid in Hong Kong dollars due to the currency exchange rate or liquidity of currencies. The premiums received by Fubon Life in a currency different from your Policy currency will be converted to the Policy currency at the prevailing exchange rate determined by Fubon Life from time to time with reference to market rates. All monies payable to Fubon Life or by Fubon Life will be paid in Policy currency, or in the currency other than the Policy currency upon your request. Approval of such request would be subject to Fubon Life’s absolute discretion and Fubon Life reserves the right to adopt the prevailing exchange rate as determined by Fubon Life’s absolute discretion. Therefore, it may be subject to foreign exchange risks in the process of currency conversion.

Inflation Risk

The benefits provided under your Policy may not be sufficient to meet your future needs as the future costs of living may be higher than that of today due to inflation.

Credit Risk

Fubon Life is the underwriter of the Plan. The Policy is subject to Fubon Life’s credit risk. If Fubon Life is unable to satisfy the financial obligations of the Policy, in the worst scenario, you may lose substantial part of, and even all, premiums paid and benefits provided under the Policy.

Claims Application

Notice of claim shall be submitted to Fubon Life within 30 days after the date of event which triggers any claim under the Policy or as soon as reasonably practicable in view of circumstances as Fubon Life satisfies and determines in its absolute discretion. You can get the appropriate claim forms by calling Fubon Life Customer Service Hotline at (852) 2516 0133, or by visiting Fubon Life’s website www.fubonlife.com.hk.

Other Information

The Plan is a life insurance product, but not a bank savings plan embedded with a 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.
Fubon Life is solely responsible for all content, approvals, coverage and benefit payment of the Plan.
Fubon Life reserves the right to accept or reject any insurance application.
Fubon Life is fully responsible for all the above information.
The above information does not contain the full terms of the Policy and is intended for reference only. The full Policy terms and conditions are set out in the Policy Provisions of the Plan. For more information on the Policy terms and conditions, please contact staff of Fubon Bank.
The above information shall not be construed as an offer to sell or solicitation to buy or provision of any insurance of Fubon Life outside Hong Kong.
Levy collected by the Insurance Authority will be imposed on the policy at the applicable rate, which would be borne by Fubon Life on behalf of policyowners and remitted in accordance with the prescribed arrangements. Fubon Life will review the payment arrangement of levy on insurance premium regularly and reserves the right to revise the arrangement. For further information, please visit Fubon Life’s company website www.fubonlife.com.hk/products_philosophy_en.html or contact Fubon Life Customer Service Hotline at (852) 2516 0133.
Fubon Life is a private company limited by shares incorporated and registered in Hong Kong and its registered office is situated at Suites 701 - 705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong.

Important Notes for Fubon Bank (Hong Kong) Limited as an Appointed Licensed Insurance Agency

Fubon Bank (Hong Kong) Limited (“Fubon Bank”) is the appointed licensed insurance agency for Fubon Life, and is responsible for introduction of the insurance plans. The Plan is not the product of Fubon Bank. Fubon Bank is not responsible for any Policy terms or obligations of the Plan.
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 / dispute is related to the Policy term, it should be resolved directly between Fubon Life and you. Nevertheless, where practicable and appropriate, Fubon Bank will provide reasonable assistance to customers in the dispute resolution process.

Fubon Bank Integrated Customer Service Hotline

2566 8181

(Press 3 after language selection)

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