Glamorous Glow Global Whole Life Insurance Plan

Newly added Currency Exchange Option^1,2 for your needs to capture global opportunities

Newly added Policy Split Option³ for your financial needs in different life stages

Provides Change of Insured Option⁴ for your needs on legacy planning

Provides Survivorship Option⁵

Potential returns help you to grow your assets

Enjoy up to 6% guaranteed interest rate⁶ per annum on prepaid premiums

 

 

 

Optional Protection

Supplementary Riders

Latest Promotion Offers 

1. Commencing from the 3rd Policy Anniversary, within 31 days on or after any Policy Anniversary, the Policy Owner may make an application by filing a written request to BOC Life for changing the current policy currency to a different currency available for selection (“Currency Exchange”), by exchanging the policy for a plan under the Glamorous Glow Global Series offered at BOC Life’s sole discretion in the new policy currency, without (i) providing any evidence of insurability, (ii) surrendering the current Policy or (iii) changing the Policy Date and Policy Issue Date of the current policy, provided that all of the following conditions are met: (i) the Application for Currency Exchange must be submitted by the Policy Owner within 31 days on or after any Policy Anniversary commencing from the 3rd Policy Anniversary; (ii) there is no premium(s) in default or outstanding Indebtedness under the policy; (iii) there is no claim in progress under the policy; (iv) the Notional Amount of the policy following the Currency Exchange must not be less than the minimum amount BOC Life permits at the time of the application; (v) the Application for Currency Exchange cannot be withdrawn or changed once made; (vi) the Policy Owner can submit an Application for Currency Exchange only 1 time during a Policy Year; and (vii) the Policy Owner provides such other information as my be requested by BOC Life in processing the application for Currency Exchange. The new policy currency will not be available for selection if it is demonetized by the issuance country or region at the time of Currency Exchange. The acceptance of any Policy Owner’s application for Currency Exchange will be entirely at BOC Life’s discretion, and subject to such other terms and conditions as BOC Life shall determine from time to time. The terms of the policy will be revised to follow all benefits, options and other policy terms as provided by such new plan, which may be significantly different from the Basic Plan of the original policy. The Notional Amount shall be rounded off to the nearest integer after exercising the Currency Exchange Option. BOC Life will determine and adjust the Notional Amount, guaranteed and non-guaranteed policy values, future premium(s) due and payable (if any) and interest rate for the dividend accumulations (if any) in the new policy currency based on factors including but not limited to the prevailing market-based currency exchange rate as determined by BOC Life from time to time, the investment yield and asset values of the existing and new underlying portfolio of assets, and/ or the transactions from the existing assets to new assets. Any dividend accumulations under the policy will be adjusted according to the prevailing market-based currency exchange rate as determined by BOC Life from time to time. The Total Premiums Paid for the policy after Currency Exchange will be adjusted according to the new Notional Amount of the policy, and will become the basis for the calculation of Death Benefit, Additional Accidental Death Benefit (if applicable), Accidental ICU Benefit (if applicable) and other benefits (if applicable) of the policy. All Rider(s) (if any) will remain in force and be changed to the new policy currency. If the chosen new policy currency is not offered under such Rider(s) or such Rider cannot be attached to the new plan after Currency Exchange, such Rider(s) will automatically end when the Currency Exchange takes effect. Currency Exchange Option is subject to the prevailing rules and conditions of BOC Life. For details, please refer to the provisions issued by BOC Life.

2. Foreign currency exchange rates may fluctuate. As a result, you may incur a substantial loss when you choose to convert your payout benefits to other currencies. The subsequent premium payments (if any) may be higher than your initial premium payment as a result of exchange rate fluctuations. Additionally, the conversion of your benefits to other currencies is subject to currency exchange restrictions applicable at the time when the benefits are paid. If your policy currency is not your local currency, your policy value may appreciate or depreciate when viewed against your local currency. We may illustrate a different future policy value for policies denominated in different currencies, with the expected foreign exchange movements reflected. When you view the policy values in your local currency over the long term, those illustrated differences may not be realized and may change depending on the actual foreign exchange movement. In the short term, foreign exchange movements can be large and difficult to predict. You have the sole responsibility to decide if you want to convert your benefits to other currencies.

3. From the 3rd Policy Anniversary or after the end of the Premium Payment Term (whichever is later), Policy Owner may make an application to transfer certain policy values of the original policy to a separate new policy or multiple separate new policies (“Split Policy”), without providing any evidence of insurability, provided that all of the following conditions are met (“Split”): (i) the Application for Policy Split can only be submitted by the Policy Owner after the Basic Plan is paid-up or after the 3rd Policy Anniversary (whichever is later); (ii) there is no premium(s) in default or outstanding Indebtedness under the original Policy; (iii) there is no claim in progress under the original Policy; (iv) the respective Notional Amount of the original policy and the Split Policy following the Split must not be less than the minimum amount permitted at the time of the application; (v) the Application for Split cannot be withdrawn, changed or reverted once made; (vi) the original policy can only be Split once during a Policy Year; and (vii) the Policy Owner provides such other information as may be requested by BOC Life in processing the application for Split. The acceptance of any Policy Owner’s application for Split will be entirely at BOC Life’s discretion, and subject to such other terms and conditions as BOC Life shall determine from time to time. Upon BOC Life’s approval of the application for Split, certain policy values of the original policy will be transferred to the Split Policy and the Notional Amount of the original policy will be reduced. All terms and conditions of the Split Policy will follow the original policy; save and except for the condition where Accidental ICU Benefit has been paid under the original Policy before Split, the Accidental ICU Benefit will not be applicable to the Split Policy and the original policy after Split. The Policy Date and Policy Issue Date of the Split Policy will be the same as the original policy. Time shall not run afresh in respect of the computation of Policy Years, and the operation of Incontestability clause and Suicide clause of the Split Policy. These is no cooling off period for the Split Policy. For details, please refer to the provisions issued by BOC Life. The Notional Amount shall be rounded off to the nearest integer after exercising the Policy Split Option. BOC Life will determine the new Notional Amount of the original policy after Split and the Split Policy respectively based on the instruction in the Application for Policy Split that BOC Life has accepted and approved, and determine the existing and future amounts of the guaranteed and non-guaranteed policy values for both the original policy after split and the Split Policy according to their respective new Notional Amounts. Any dividend accumulations of the original policy will be split according to the respective new Notional Amounts of the original policy after Split and the Split Policy. The Total Premiums Paid for both the original policy after Split and the Split Policy will be adjusted according to the respective new Notional Amounts of the original policy after Split and the Split Policy, and will become the basis for the calculation of Death Benefit, Additional Accidental Death Benefit (if applicable), Accidental ICU Benefit (if applicable) and other benefits (if applicable) under the original policy after Split and the Split Policy. Policy Split Option is subject to the prevailing rules and conditions of BOC Life. For details, please refer to the provisions issued by BOC Life.

4. During the lifetime of both of the existing and new Insureds and while the policy is in force, you may make an application for change of Insured within 31 days before or after any Policy Anniversary. The New Insured is subject to underwriting rules of BOC Life. The attained Age of the New Insured on the date of the submission of the Application for Change of Insured must be between 15 days and 65 and the attained Age of the New Insured must not exceed the attained Age of the first Insured (i.e. the Insured upon issuance of the policy) for 10 years or more. Various terms of the policy will be revised upon the approval of the application for change of Insured.For more details regarding change of Insured, please contact BOC Life at 2860 0688.

5. The Policy Owner can only assign 1 Beneficiary and the annuity payments period must be not less than 2 years and not more than 20 years. The Survivorship Option shall only be exercised subject to the conditions to be imposed by BOC Life and must be approved and endorsed by BOC Life in writing prior to the death of the Insured. The Beneficiary, at all times, does not have the right to change this Survivorship Option or any part thereof, including but not limited to the payment method once approved by BOC Life. For the avoidance of doubt, the claims for Death Benefit and Survivorship Option are mutually exclusive. If Survivorship Option has not been elected or exercised, BOC Life will pay the Death Benefit in a lump sum. For details, please refer to provisions issued by BOC Life.

6. (i) Premium Deposit Account is only applicable to the policy with designated premium payment term and the policy with annual premium payment mode. The premium payable and Levy (if any) must be made in lump sum upon application whereas further pre-payment will not be accepted thereafter. (ii) If “Waiver Of Premium Rider” or “Payor’s Death Or Disability Rider” is attached to the policy, Premium Deposit Account is not applicable. (iii) Annual premiums and Levy (if any) will be deducted automatically from the Premium Deposit Account on each Policy Anniversary when due. The Premium Deposit Account balance (if any) should be sufficient to pay the entire amount of annual premiums and Levy (if any) of the policy, and cannot be used for partial settlement of annual premiums and/ or Levy (if any). (iv) The Premium Deposit Account balance of Basic Plan (if any) including Levy (if any) is accumulated with BOC Life at a guaranteed accumulation interest rate of 3% (applicable to policy currency in RMB) and 6% (applicable to policy currency in HKD and USD) per annum and the Premium Deposit Account balance of supplementary benefits (if any) is accumulated at a special accumulation interest rate determined by BOC Life from time to time. For details, please refer to the proposal and provisions issued by BOC Life.