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Premium Voucher
Premium Voucher
According to a global research report conducted by professional consulting firm ReMark1, incentive measures can help maintain a sustainable healthy lifestyle, and the most appealing reward for respondents is the "premium discount".
Recognizing this, “Live Young” brings the “Live Young - Premium Voucher” (“Premium Voucher”) , an exclusive reward offered to “Live Young” members. It can be used for settling premium due and levies for valid policy(ies) of BOC Life’s Premium Voucher Designated Insurance Plans2, encouraging you and your family to maintain a healthy lifestyle!
| Premium Voucher is applicable to the following BOC Life’s Premium Voucher Designated Insurance Plans: | |
|---|---|
| Basic Plan: | Supplementary Rider(s) attached to the Basic Plan(s) on left (if any)3: |
|
CoverU Whole Life Insurance Plan CoverU Whole Life Insurance Plan (Delight Version) Forever Wellbeing Whole Life Plan SmartGuard Critical Illness Plan Critical Illness 188 Whole Life Insurance Plan iProtect 10 Years Insurance Plan AlongPro Critical Illness Plan (Online Application) iRefund Hospital Cash Plan |
Accidental Death Rider Comprehensive Personal Accident Rider Critical Illness Rider (Additional) Cancer Rider Payor's Death Or Disability Rider Waiver Of Premium Rider Hospital Income Rider Comprehensive Hospital & Surgical Rider Enhanced Hospital & Surgical Rider Yearly Renewable Term Rider |
Redeemed with —〇 Coins
Redeem Premium Voucher at different values with —〇 Coins in “Rewards”4
Access the Premium Voucher platform5
Click any Premium Voucher in the “Redeemed Rewards”, copy the promo code and click the “Click here” button to access the Premium Voucher platform
Deposit to Premium Voucher Account6,7
Follow the instructions to deposit the Premium Voucher to the Premium Voucher Account(s) and which could be used for settling premium due and levies for valid policy(ies) of BOC Life’s Premium Voucher Designated Insurance Plans 2
Simple 3-step
The above information is for reference only and does not provide detailed guidance regarding “Live Young - Premium Voucher”. Please refer to terms and conditions for details.
1 The information is retrieved from the ReMark's Global Consumer Study GCS2021-22.
2 Premium Voucher(s) may only be used for settling premium due and levies for valid policy(ies) of BOC Life’s Premium Voucher Designated Insurance Plans (except the initial payment for the first policy year and specified scenarios), subject to terms and conditions. For details, please refer to the promotional leaflet of “Live Young - Premium Voucher”.
3 All amounts in the Premium Voucher Account(s) shall not be applicable in the following situations:
- Paying the initial monthly/ quarterly/ semi-annual/ annual premiums (depending on premium payment mode, as the case may be) due and levies for the first policy year of Eligible Policy; and
- Paying the premium due and levies (if any) required for the change of premium payment mode; and
- Paying all the premium overdue and interest (if any) required for the reinstatement of Eligible Policy; and
- Repaying any policy loan and interest (if any) of Eligible Policy (if any); and
- Paying the premium due and levies for policy(ies) attached with BOC Life VHIS Rider. If BOC Life VHIS Rider is attached to Eligible Policy(ies), deposit of Premium Voucher(s) into the Premium Voucher Account(s) of the said policy(ies) will not be accepted and any amount already deposited in such Premium Voucher Account(s) cannot be used to settle the premium due and levies of the said policy(ies) until the BOC Life VHIS Rider attached to the said policy(ies) is/are cancelled or terminated.
4 The conversion rate of —〇 Coins corresponding to the value of Premium Voucher is determined at BOC Life’s sole discretion and subject to change without prior notification.
5 Premium Voucher(s) may be deposited into the Premium Voucher Account of Eligible Policy(ies) via either of the following methods: (1) access the Premium Voucher platform via Live Young App, then enter the policy number of the relevant Eligible Policy and code of the Premium Voucher(s); or (2) login to BOC Life eService platform, and then select the policy number of the relevant Eligible Policy and enter the code of the Premium Voucher(s).
6 Each Eligible Policy shall have one dedicated Premium Voucher account (“Premium Voucher Account”). The Premium Voucher(s) must be deposited into a Premium Voucher Account within a time limit prescribed by BOC Life to render it effective.
7 Each Premium Voucher can be used and deposited once only. Once the Premium Voucher has been successfully deposited into the Premium Voucher Account of an Eligible Policy, the code of such Premium Voucher will no longer be valid. For avoidance of doubt, each Premium Voucher is assigned with one code and may only be deposited into one designated Premium Voucher Account. Each Premium Voucher may not be split across multiple Premium Voucher Accounts.