BOC Life Deferred Annuity (Fixed Term) (Available for application via mobile banking) - Premium Discount

From now until 31 March 2026, enter below promo code to enjoy the premium discount offer (“the Offer”) upon successful enrolment of BOC Life Deferred Annuity (Fixed Term) (Available for application via mobile banking) ("the Plan") with designated premium requirement.

Promo Code^#：EQ2512

	First Year Premium requirement for the basic plan	Policy Term	Premium Discount
Premium discount^@ for the entire 5 years premium payment period (USD policies)	USD5,000 or above	15	3.7%
	USD5,000 or above	20 / 25 / 30	4%
First year premium discount (HKD policies)	HK$40,000 or above	15	3.5%
		20	6%
		25	8%
		30	10.5%

^#The premium discount of the Offer and relevant promo code is only applicable to USD and HKD policies and their policy application.

^@If you enroll in the Plan (First Year Premium for the basic plan – USD5,000 or above), renew in the entire five years premium payment period, pay all premiums and all requirements for the relevant offer are met, the above mentioned designated premium discount offer will be applicable for the entire five years premium payment period.

Remark: The deducted premium amount under the Offer will not be regarded as qualifying annuity premiums paid for the purposes of claiming a tax deduction. For the determination of premium discounted amount, premium does not include levy, pre-paid premium(s) (if applicable) and extra premium loading imposed due to health condition (if applicable). In case the Eligible Policy of the Plan is surrendered within first policy year, the premium discounted amount will be deducted from the surrender value.

Terms and conditions of the Offer:

The deducted premium amount under the Offer will not be regarded as qualifying annuity premiums paid for the purposes of claiming a tax deduction.
"First Year Premium” is based on the “Initial Annual Premium” as stated in the proposal. First Year Premium does not include levy, pre-paid premium(s) (if applicable), premium discount (if applicable) and extra premium loading imposed due to health condition (if applicable).
The promotion period refers to the period from 8 December 2025 to 31 March 2026 (both dates inclusive) ("the Promotion Period"). Nevertheless, the Offer is subject to time and quota limit and available on a first-come-first-served basis and may be terminated before the end of the Promotion Period. Please confirm the available quota with BOC Life before submitting insurance application.
To be eligible for the Offer, applicant(s) must fulfill all of the following requirements:
(i) the application must be submitted via BOCHK mobile banking within the Promotion Period; AND
(ii) the application(s) must be accepted by BOC Life.
Policy(ies) that fulfill(s) the requirements (i) to (ii) as listed above is/are known as “Eligible Policy(ies)”.
For premiums paid on a monthly basis, the initial premium would be the sum of discounted premiums for the first three months. The rest of the discounted premiums shall be deducted monthly from the customer’s designated account during the fourth to remaining months. For premiums paid on annual basis, the discounted premium shall be paid in accordance with the default premium payment date.
The Offer is applicable to the basic plan(s) of the Eligible Policy(ies) based on their standard premium, while the premium discount rate is determined in accordance with the standard premium of the basic plan of the Eligible Policy(ies).
The Offer will be applicable to the Plan only and there is no limit (acceptance of application(s) would be subject to underwriting result) on the number of policies of the Plan that an applicant would apply for.
The Eligible Policy(ies) must be in force and the Guaranteed Monthly Annuity Income amount, Notional Amount, Sum Insured amount or the level of benefits (where applicable) of the basic plan and the supplementary rider(s) attached (if any) to such Eligible Policy(ies) must remain unchanged when the Offer is applied, otherwise BOC Life reserves the right to forfeit the entitlement to the Offer and / or reduce the eligible premium discount amount proportionally.
In case the Eligible Policy is lapsed or surrendered before any premium for any premium for the subsequent policy year is duly paid, the premium discounted amount will be deducted from the refunded value to the Policy Owner. For the avoidance of doubt, any prepaid premium in Premium Deposit Account will not be taken as premium paid for the policy until it is deducted from the Premium Deposit Account when due (if applicable).
The Offer cannot be changed, transferred, returned, exchanged for other gifts or redeemed for cash.
In case of cancellation of the policy during the cooling-off period or in any event of a refund of premium, the portion of any premium payments that has been deducted by the Offer will under no circumstances be counted as premium paid for reckoning the refundable amount of total premiums paid.
Except for designated promotions specified by BOC Life, the Offer cannot be used in conjunction with other promotion offers of BOC Life.
BOC Life reserves the right to amend, suspend or terminate the Offer and to amend the relevant terms and conditions at any time at its sole discretion without prior notice.
In case of any dispute, the decision of BOC Life shall be final.
The terms and conditions of the Offer shall be governed by, and construed in accordance with, the laws of the Hong Kong Special Administrative Region.