CoverU Whole Life Insurance Plan
Guaranteed amount of Death Benefit1 up to 300% of the Sum Insured at important stage of life
Whole life protection
Return in long run for wealth accumulation
Additional Accidental Death Benefit2
Eligible to apply for policy reverse mortgage loans3 for retirement planning
Earn an extra 3,000 Bio Age Points upon successful application
Optional Protection
Supplementary Riders
1 Death Benefit is equivalent to the Sum Insured as at the date of the Insured’s death, plus Additional Death Benefit (if applicable), plus any Accumulated Annual Dividends and interest accrued thereon (if any), plus any Terminal Dividend, less all indebtedness and outstanding premiums (if any) under the policy.
2 Additional Accidental Death Benefit is only applicable to the Insured whose issue age is between 18 and 60. The Accident should be the direct, independent and the sole cause of, and should result in the death of the Insured within 180 days after the Accident and before termination of coverage under the relevant policy. If the Insured is covered by more than one policy under the Plan, the total maximum amount of the Additional Accidental Death Benefit of all these policies shall be equal to RMB300,000 / HKD300,000 / USD37,500 (per life). BOC Life shall only pay the said total maximum amount once for all such policies. For details, please refer to policy documents and provisions issued by BOC Life.
3 This Plan is an eligible life insurance plan under PRMP, but it does not necessarily mean that your PRMP application will be approved. The eligibility of this product under the PRMP is based on the features of the product. Therefore, you and your life insurance policy are still required to meet all the eligibility requirements under PRMP before you apply for the policy reverse mortgage loan. Any general information provided on PRMP is for your reference only, and you should not make any decisions based on such information alone. BOC Life shall not be responsible for the policyowner’s suitability and eligibility to apply for policy reverse mortgage. You should always seek for advice from professional bodies if you have any doubts. Please note that the information provided is subject to change including the eligibility criteria for PRMP. We do not take any responsibility to inform you about any changes and how they may affect you. The Policy Reverse Mortgage Programme is operated by HKMC Insurance Limited, a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. For further information, please refer to The Hong Kong Mortgage Corporation Limited website: www.hkmc.com.hk.
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Bank of China (Hong Kong) Limited
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The above material is for reference only and must be read in conjunction with the product brochure / coverage details 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. The above Plan and the supplementary riders (if any) are subject to the formal policy documents and provisions issued by BOC Life. Please refer to the policy documents and provisions issued by BOC Life for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, policy costs and fees) of the Plan and the supplementary riders (if any).
