Plenteous Life Coupon Plan
Brilliant Life with a Glowing Future

Whether you are striving to achieve your financial goals or preparing for a better future, a flexible financial solution with coupon income can cater for your needs while enabling you to live your aspired lifestyle. BOC Group Life Assurance Company Limited ("BOC Life") offers the "Plenteous Life Coupon Plan" ("the Plan"), providing Guaranteed Cash Coupons with a total amount equivalent to 120% of the Sum Insured during the period while the policy is in force and 2 options of premium payment period. In addition to the life protection coverage until the age of 100, the Plan also provides various types of supplementary riders to better meet both your financial and protection needs.

2 Options of Premium Payment Period1

The Plan offers 2 options of premium payment period of 4 years or 8 years, allowing you to have a better financial planning. Once the premium is determined, no change will be applied over the term of your payment period.

Total Amount of Guaranteed Cash Coupons equivalent to 120% of Sum Insured

Guaranteed Cash Coupons will be paid on the 4th and the 8th policy anniversaries respectively under policies with premium payment period of 4 years (2 times in total) while for policies with premium payment period of 8 years, Guaranteed Cash Coupons will be paid on the 4th, the 8th and the 12th policy anniversaries respectively (3 times in total). This gradually helps you achieve your financial goals. You may choose to withdraw the Guaranteed Cash Coupons2 or accumulate them in your policy for interest3.

Premium Payment Period 4 years 8 years
Policy Anniversary 4th 8th 4th 8th 12th
Guaranteed Cash Coupons
(% of Sum Insured)
40% 80% 20% 40% 60%
Total amount of Guaranteed Cash Coupons
(% of Sum Insured)
120% 120%

Annual Dividends (non-guaranteed)4

Annual Dividends (non-guaranteed)4,if any, will be payable starting from the first policy anniversary during the period while the policy is in force. You may choose to accumulate any Annual Dividends (non-guaranteed)4 in your policy for interest or withdraw them from your policy. Annual Dividends4and the annual interest rate for dividend accumulation are not guaranteed and may be changed from time to time by BOC Life. For details, please contact the staff of the major insurance agent banks.

Life Protection till the Age of 100

The Plan provides comprehensive life protection until the Insured reaches the age of 100. The Death Benefit is equivalent to 100% of the Sum Insured or 105% of the Net Premiums Paid as at the time of the Insured's death (whichever is higher), plus any accumulated Guaranteed Cash Coupons and interest accrued thereon (if any), and any accumulated Annual Dividends(non-guaranteed)4 (if any) and interest accrued thereon (if any), less all indebtedness5 (if any). Net Premiums Paid equals the total Modal Premiums paid (excluding any extra premiums due to substandard underwriting classes or rider premiums) less all Guaranteed Cash Coupons received (excluding any interest accrued on them). The Plan also offers a simplified version which has different Death Benefit6. For details, please contact the staff of the major insurance agent banks.

Supplementary Riders7 for Comprehensive Planning

To ensure further protection for you and your family, you may attach various types of supplementary riders to meet your needs. For details, please contact the staff of the major insurance agent banks.

24-Hour Worldwide Emergency Assistance Services8

Easy access to 24-hour Worldwide Emergency Assistance Services8, covering emergency medical assistance and referral services, and other relevant services.

Basic Eligibility Requirements

Issue Age Age 0 (starting from 15 days after birth) to age 70
Policy Currency RMB / HKD / USD
Coverage Period Up to age 100
Premium Payment Period 4 years / 8 years
Minimum Sum Insured RMB80,000 (RMB policy) /
HKD96,000 (HKD policy) /
USD12,000 (USD policy)
Premium Payment Mode Annual / Semi-annual / Quarterly / Monthly
Customer Service Hotline :
2860 0688
Tel :
2160 8800
Fax :
2866 0938
Grasp this opportunity! Act Now

Notes:The Policy Owner is subject to the credit risk of BOC Life. If the Policy Owner discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends, interests) presented herein are not guaranteed and are for illustrative purposes only. The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.

Investment Strategy, Philosophy in Deciding Dividends and Fulfilment Ratio of Dividends:

Under normal circumstances, the major markets invested by BOC Life include, but not limited to, North America, Europe and Asia markets. The assets supporting the policies under the Plan mainly consist of the following:

Mix
Fixed income instrument or interest-bearing securities
(including but not limited to government and corporate bonds, etc.)
70%-90%
Growth asset (including but not limited to equity investment, mutual funds, properties investment, etc) 10%-30%

With the aim of achieving our long term investment target, BOC Life, at our sole discretion, reserves the right to adjust the aforementioned asset allocation when there are material changes in market outlook and condition, or engage in other financial arrangements including but not limited to reinsurance arrangement. BOC Life aims at investing in assets denominated in policy's currency. If the currency of which the assets are denominated is not the same as policy currency, BOC Life may use derivatives to manage the impact of currency risk.

For the latest Investment Strategy, please refer to BOC Life website www.boclife.com.hk

Philosophy in Deciding Dividends:

Participating insurance plans provide policy owners an opportunity to receive a share of profits attributable to the participating life insurance business of BOC Life by means of dividends, with the potential prospect of long-term rates of return. To accomplish the purpose, we invest in a wide range of asset portfolios that are prudently chosen by BOC Life to balance the risk. In general, the asset portfolios mainly consist of fixed income securities and equity investments.

The actual amount of dividends is determined by the stipulated surplus sharing approach in BOC Life's policy, which is based on the past experience of BOC Life and the long-term expectation of the participating life insurance business in the future. Dividends amount mainly depends on the overall performance of the participating life insurance business of BOC Life, taking into account factors including investment returns, claim experience, persistency and operating expense. The actual amount of dividends payable is recommended by our Appointed Actuary according to the aforementioned company's policy and approved by the Board of Directors of BOC Life.

Annual dividends paid can be left with BOC Life and accumulate with interest. The interest rate (Dividends Accumulation Rate) is determined based on market conditions and expected investment return of BOC Life.

In light of the above factors, dividends and Dividend Accumulation Rate are not guaranteed and may be higher or lower than the values illustrated in the benefit illustration provided at point of sale.

You may browse the following website, http://www.boclife.com.hk/ps, to understand BOC Life's philosophy in deciding dividends as well as dividend history for reference purposes. Please note that past performance of dividend is not an indicator for its future performance.

Risk Disclosure of RMB and USD Insurance:

RMB and USD policies are subject to exchange rate risk. The exchange rate between RMB and HKD or USD and HKD may rise as well as fall. Therefore, if calculated in HKD, premiums, fees and charges (where applicable), account value / surrender value and other benefits payable under RMB or USD policy will vary with the exchange rate. The exchange rate between RMB and HKD or USD and HKD will be the market-based prevailing exchange rate determined by BOC Life from time to time, which may not be the same as the spot rate of banks. The fluctuation in exchange rate may result in losses if a customer chooses to pay premiums in HKD, or requests the insurer to pay the account value / surrender value or other benefits payable in HKD, for RMB or USD policy. RMB Conversion Limitation Risk - RMB Insurance are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies. (Only applicable to Individual Customers) RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance. (Only applicable to Corporate Customers) RMB is currently not fully freely convertible. Corporate customers that intend to conduct conversion of RMB through banks may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.

Other Key Risks:

  • The Policy Owner should pay premium on time during the premium payment term. It may result in lapse or termination of the policy if the required amount (such as premium) is not made before expiry of the grace period (if applicable) as prescribed by BOC Life. Nevertheless, it is subject to the automatic premium loan (if applicable) (BOC Life will advance the premium due from the non-forfeiture value as an automatic premium loan) and non-forfeiture provisions (if applicable). If the policy is terminated or lapsed due to non-payment of premium, the surrender value received by the Policy Owner may be less than the total premiums paid and the Policy Owner will lose the insurance protection provided by the policy.
  • BOC Life may terminate the policy before the maturity date if any one of the following events occurs:
    (i) the death of the Insured; or
    (ii) BOC Life approves the Policy Owner’s written request for surrender; or
    (iii) the policy lapses after the end of the grace period; or
    (iv) the non-forfeiture value is less than zero (if applicable); or
    (v) the aggregate amount paid or payable by BOC Life has reached the maximum benefit amount of all coverage of the policy(if applicable).
  • The actual rate of inflation may be higher than expected, therefore the amount you receive may be less in real terms.

Remarks:

  1. The policy will be terminated if the policy owner cannot pay the premium payable before the end of the grace period during the premium payment period. Nevertheless, it is subject to the automatic premium loan (BOC Life will advance the premium due from the non-forfeiture value as an automatic premium loan) and non-forfeiture provisions. For details of the provisions, please refer to the policy provisions issued by BOC Life. If the policy is terminated or surrendered, the policy cash value received by the policy owner may be less than the premiums paid.
  2. If the Guaranteed Cash Coupons are withdrawn, they will no longer be accumulated as part of the policy value and death benefit.
  3. The annual interest rate for the accumulation of Guaranteed Cash Coupons is not guaranteed. BOC Life reserves the right to change it from time to time.
  4. The Plan is a participating policy. Nevertheless, Annual Dividends and the annual interest rate for dividend accumulation are not guaranteed. Past performance is not indicative of future performance. The actual amount received may be higher or lower than the estimated amount. BOC Life reserves the right to change them from time to time. Policy owner may choose to withdraw Annual Dividends (non-guaranteed) (if any) and/or interest accumulated throughout the policy term (if any). The dividend (non-guaranteed) and/or interest withdrawn will no longer be accumulated as part of the policy value and death benefit.
  5. If there is any indebtedness, it shall include but not limited to any policy loan that has been taken by the policy owner and its interest (if any). Whilst the policy is in force, the policy owner can apply a policy loan against the cash value of the policy subject to the policy loan provision. The policy loan and its interest (if any) will be deducted from the policy value upon termination of the policy. For details, please refer to the policy provisions issued by BOC Life.
  6. The Death Benefit of the simplified version of the Plan is equivalent to the Guaranteed Cash Value or 105% of the Net Premiums Paid (subject to the maximum amount of 100% of Net Premiums Paid plus RMB80,000 / HKD96,000 / USD12,000) as at the time of the Insured's death (whichever is higher), plus accumulated Guaranteed Cash Coupons and interest accrued thereon (if any), and accumulated Annual Dividends (non-guaranteed)4 (if any) and interest accrued thereon (if any), less all indebtedness5 (if any). Net Premiums Paid equals the total Modal Premiums paid (any rider premiums are excluded) less all Guaranteed Cash Coupons received (excluding any interest accrued on them).
  7. Supplementary riders are subject to corresponding issue age eligibilities. Premiums of such may be changed from time to time. For details, please contact the staff of the major insurance agent banks.
  8. The relevant services and benefits are provided by Inter Partner Assistance Hong Kong Limited in accordance with the Conditions for Services pursuant to "Life Insurance Supplementary Emergency Assistance Services and Benefits". The services are not guaranteed for renewal, BOC Life reserves the right to withhold or amend the relevant services and benefits at its sole discretion.

Important Notes:

  • The Plan and the supplementary rider(s) (if any) are underwritten by BOC Life. Bank of China (Hong Kong) Limited ("BOCHK"), Nanyang Commercial Bank, Limited ("NCB") and Chiyu Banking Corporation Limited ("Chiyu Bank") are the major insurance agent banks appointed by BOC Life.
  • BOC Life is authorised and regulated by Insurance Authority to carry on long term business in the Hong Kong Special Administrative Region of the People's Republic of China.
  • 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) are 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, NCB and Chiyu Bank are the appointed agents of BOC Life for distribution of life insurance products. The life insurance product is a product of BOC Life but not BOCHK, NCB and Chiyu Bank.
  • 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, NCB or Chiyu Bank and the customer out of the selling process or processing of the related transaction, BOCHK, NCB or Chiyu Bank 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 BOC Life and the customer.

Should there be any discrepancy between the Chinese and English versions of this promotion material, the English version shall prevail.

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 policy documents and provisions issued by BOC Life for details (including detailed terms, 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 agent banks.