Fulfillment Ratio

Notes:
1.    As the fulfillment ratios are calculated on aggregate level among all relevant participating policies and assumptions relating to premium payment and dividend payment options etc are made, the fulfillment ratios shown in the table may not represent the situation of each individual participating policy.

2.    The figures are calculated based on the data as of relevant reporting year and have been rounded to the nearest percent. 

3.    The products shown are those which (a) it has issued new policies since 2010, and (b) it still has policies inforce in the reporting year. For the avoidance of doubt, products that were launched after the reporting year are excluded. 

4.   Fulfillment ratio would not be applicable (i.e. shown as “N/A”) for some policy years of some products under the following situations,
a.   Under the fulfillment ratio for annual dividends,
i.    there are no relevant inforce policies in the reporting year; or
ii.    up to the corresponding policy years, no annual dividends has been declared;
b.    Under the fulfillment ratio for terminal dividends and special dividends,
i.    there are no relevant inforce policies in the reporting year;
ii.    there are relevant inforce policies but no relevant policies has been terminated or surrendered in the reporting year; or
iii.    in the corresponding policy years, no terminal dividends or special dividends has been declared

5.    Fulfilment ratios for some products may be available before the product is launched or after the product is closed to sales. It may be due to various policy actions including but not limited to actions that involve change in policy date, for example, policy backdating.

6.    Above figures do not reflect any dividend declarations after the reporting year, and the up-to-date dividend of individual inforce policy is reflected and stated in the policy value of the respective anniversary statement. 

7.    Historical dividends are not an indicator of future declaration of the future dividends.