Regent Insurance Plan 2 (Global Prestige Version)

Guaranteed cash value, annual dividend¹ and terminal dividend¹

In addition to the increases of guaranteed cash value over the years, Regent Insurance Plan 2 (Global Prestige Version) distributes annual dividend¹ annually starting from the 6^th policy anniversary. To meet your financial needs, you can either withdraw it immediately, leave it in the policy to accumulate interest over time or to pay for future premiums. To further boost your wealth, terminal dividend¹ will be offered when the policy is surrendered, partially surrendered, reaches its maturity, in the unfortunate event of the death of the insured (please refer to At-a-glance table for full details of Death Benefit), or when you exercise terminal dividend lock in option⁴.

All-rounded tool for passing on legacy to next generations

1. Unlimited changes of Insured and protection of new insured up to age 128²
   
   After the 1^st policy anniversary, you may change the Insured for unlimited times². The coverage period will be adjusted to the 128^th birthday of the new insured. Policy value would have sufficient time for wealth accumulation and can be passed on to the next generations infinitely.
2. Policy Continuation Option (to the beneficiary)³
   
   During the lifetime of the Insured, the Policyowner can assign a Beneficiary. Upon the death of the Insured, the Beneficiary will become the new Policyowner and/ or new insured. Even if the Insured accidentally pass away, the policy can still be passed on to the next generations. The coverage period will be adjusted to the 128^th birthday of the new insured.

Terminal Dividend Lock In Option⁴

To protect your wealth against market volatility, you can choose to apply for one of the following terminal dividend lock in options⁴ to convert and accumulate your terminal dividend¹ in the form of annual dividends¹ or withdraw it in times of need. The converted terminal dividend¹ will become guaranteed and bring you a stable return. Terminal dividend¹ which has been converted into annual dividends¹ can also earn interest.

1. Automatic Lock In Option⁴
   Starting from the 15^th policy anniversary or the policy anniversary when the insured reaches the retirement age selected by you (must be 55 years old or above) (whichever is later), we will automatically convert terminal dividend¹ into annual dividend¹ on each policy anniversary, such amount is determined by taking 8% of total premiums paid¹⁰, until the balance of terminal dividends¹ falls to 30% of total premiums paid¹⁰ after conversion.
2. Manual Lock In Option⁴
   Starting from the 15^th policy anniversary, you can apply to convert part of the terminal dividend¹ on your choice into annual dividend¹ on your designated policy anniversary(ies). 10% or above of terminal dividend¹ can be converted each time, up to a total of 60%, while a 3-year or above interval between each conversion is required.

Premium Holiday⁵

This plan offers premium holiday⁵ of up to 2 years to provide you with flexibility for your wealth management (please refer to At-a-glance table for more details of premium holiday). You can apply for a premium holiday⁵ on or after the 3^rd policy anniversary as long as there is no prepaid premium and indebtedness. The premium payment of the next policy anniversary will be suspended and you do not need to worry about the immediate termination of policy. During the premium holiday⁵, the annual dividends¹ will not be distributed, but the units and guaranteed cash value will remain unchanged; the distributed accumulated annual dividends and interest¹ (if any) will continue to earn interest¹ (if any) during the premium holiday⁵.

Free Premium Waiver⁶

Accidents or diseases are unforeseeable. Under the following circumstances, we will pay the future premiums of the basic plan to help you out in difficult times.

1. If the insured is 18 years old or above⁶, and is the policyowner at the same time, and diagnosed with total permanent disability¹¹ before the age of 75, he or she will entitle for the “Waiver of Premium Benefit”⁶. We will pay the future premium of the basic plan for you, up to USD 500,000 (depending on premium payment period) until premium end date that is set at the time of policy issuance. It ensures your wealth accumulation will not be affected (please refer to At-a-glance table for details of maximum total amount of premium waived).
2. If the insured is 17 years old or below⁶, and the policyowner (including contingent policyowner¹²) dies or is diagnosed with total permanent disability¹¹ before the age of 75, he or she will entitle for the “Payor Benefit”⁶, and we will pay the future premiums of the basic plan for you, up to USD 500,000 (depending on premium payment period) until premium end date that is set at the time of policy issuance to safeguard your child’s future (please refer to At-a-glance table for details of maximum total amount of premium waived).

Flexible settlement options for death benefit⁷ or full surrender⁸

In the unfortunate event of the death of the insured, we will pay a death benefit of up to 120% of total premiums paid¹⁰, plus accumulated annual dividends and interest¹ (if any) and Additional Accidental Death Benefit⁹ (if any) for your peace of mind (please refer to At-a-Glance Table for details of Death Benefit).

1. Settlement option for death benefits⁷
   
   While the insured is still alive, the policyowner can choose one of the following options regarding payment to the beneficiary of death benefit and Additional Accidental Death Benefit⁹ (if any) for their future in the unfortunate event of the insured’s death:
   
   
   1. A lump sum payment; or
   2. Regular payments⁷ – monthly, semi-annually or annually over 10, 20 or 30 years; or
   3. A lump sum payment for part of the death benefit and Additional Accidental Death Benefit⁹ (if any), and the remaining will be paid on a regular basis⁷.
      
      For benefit to be paid to the beneficiary(ies) at regular intervals, the remaining of death benefit and Additional Accidental Death Benefit⁹ (if any) (after deduction of a lump sum payment of a certain percentage of the death benefit and Additional Accidental Death Benefit⁹ (if any) is paid out, if applicable) must be equal to or more than USD 50,000. The amount of death benefit and Additional Accidental Death Benefit⁹ (if any) which is yet to be paid under the death benefit settlement option can also earn interest¹³.
2. Full surrender⁸
   
   Once the policy has been in force for 5 years, and if the policyowner fully surrender the policy, he or she can choose to receive a lump sum payment or receiving surrender payment⁸ at regular intervals. This option is only available if the surrender payment is equal to or more than USD 50,000. The amount of surrender payment that is yet to be paid can enjoy an interest¹³.

Additional Accidental Death Benefit⁹

Apart from free premium waiver⁶, this plan specially offers Additional Accidental Death Benefit⁹ to provide you and your family a comprehensive protection. If the insured dies due to accident at the age of 75 or below⁹, 100% of total premiums paid10 will be paid to the beneficiary.

Flexible plan for your financial needs

Regent Insurance Plan 2 (Global Prestige Version) offers a 6-year premium payment period and you may choose to pay by lump sum payment, thereby enjoying the benefit of paying up the plan earlier at a lower cost. Interest will also be earned on the prepaid premium¹⁴.

No medical underwriting - hassle-free application

The application process of basic plan is simple, and no medical check-up is required, this allows you to accumulate wealth with ease.

Free worldwide emergency assistance service

Once enrolled in the Regent Insurance Plan 2 (Global Prestige Version), you will have access to free 24-hour worldwide emergency assistance for immediate support wherever you may be. The maximum benefit (per incident) reaches up to USD 1,000,000, including services of emergency evacuation or repatriation and delivery of mortal remains. For details, please refer to related documents.

1. Annual dividend, terminal dividend and interest from accumulated annual dividend are not guaranteed. However, once distributed, the amount of the annual dividend and the accumulated interest will become guaranteed. An annual dividend may be payable at the sole discretion of the company on each policy anniversary after this policy has been in force for a minimum of 1 policy year and provided that all premiums due have been paid up to each relevant policy anniversary. The amount of terminal dividend in each declaration may be greater or lesser than the previous amount based on a number of factors, including but not limited to investment returns and general market volatility.
2. Changing the insured is subject to the prevailing administrative rules. It will not affect the units, policy values and policy year, and maturity date will be changed to 128 years old of the new insured. The new insured must be aged between 15 days and 65 years of age (last birthday) and must not be older than the initial insured by 10 years. The change of insured must be endorsed by the policyowner, insured and assignee (if any). Both the new insured and the current insured must be alive at the time the insured is changed. Following the change of the insured, all riders (if any) of the previous insured will be terminated. Riders attached to this policy can be re-attached after the change of insured, however, the premium and approval should be subject to rider application at that time. Please refer to the policy provisions for details of changing the Insured.
3. Upon the death of Insured, if the Policyowner (still alive) and the Insured is different person, the Beneficiary will become the new Insured. If the Policyowner and the Insured is the same person or the Policyowner died, upon the death of Insured, the Beneficiary will become the new Policyowner and new Insured of the policy, subject to the prevailing administrative rules of the Company. After this option has been exercised, all policy values and policy year will remain unchanged. The policy value may be equal to or lower than death benefit before this option has been exercised. However, any rider(s) attached to this basic plan will be terminated at the same time. Rider(s) attached to this basic plan can be re-attached after Policy Continuation Option has been exercised. However, it will be subject to our approval and the premium rate at the time of such request. Please refer to the policy provisions for details of Policy Continuation Option.
4. You can apply changes between options for unlimited times before exercising the "Terminal Dividend Lock In Options". Once the option has been exercised, no change can be made. The actual amount of converted terminal dividend through “Manual Lock In Option” will be determined after the application is approved. The amount may be lesser or higher than the amount shown at the time when you submit your application. After the conversion of terminal dividend, your future terminal dividend will be reduced accordingly. All terminal dividend not yet be converted can be higher or lower or reduced to zero. While the “Automatic Lock In Option” is in force, the option will be immediately suspended upon partial surrender, and you have to submit a request to resume the option.
5. The length of a premium holiday for each application should be a multiple of 1 year until it reaches the maximum limit. Premium holiday is only applicable to the basic plan and will be effective on the next policy anniversary, but all riders attached to the policy will be terminated at the same time. Riders attached to this policy can be re-attached after premium holiday, however, the premium and approval should be subject to rider application at that time. During the premium holiday, you do not need to pay premiums for the basic plan, the units and guaranteed cash value will remain unchanged during the period, but the terminal dividend is non-guaranteed. During the premium holiday, we will not distribute any annual dividends, but the accumulated annual dividends and interest (if any) will continue to accumulate with interest at a rate of 4.25% (this interest rate is not guaranteed and will be adjusted from time to time) per annum. Please refer to the policy provisions for details of premium holiday.
6. There are 2 types of premium waivers:
   (a) "Waiver of Premium Benefit" is applicable to the insured whose age at policy issuance or the change of insured is between 18 and 60 and is the policyowner at the same time, and is diagnosed with total permanent disability before the age of 75. 
   (b) "Payor Benefit" is applicable to the insured of the age 17 or below; the policyowner (including contingent policyowner) whose age at policy issuance or the change of the policyowner (including contingent policyowner) is at the age of 60 or below, and dies or is diagnosed with total permanent disability before the age of 75. 
   After the waived premium of the basic plan reaches the maximum total amount of premium waived (per insured), and/or until the premium end date that is set at the time of policy issuance, the policyowner should pay the remaining premium; otherwise, the automatic premium loan will be applied, or the policy will be terminated. The premium paid after the date of death or the date of diagnosis of total permanent disability will be fully refunded (with no interest). If the incident is resulted from accident, immediate protection will be given. If a person dies or is diagnosed with total permanent disability due to illness, a 2-year waiting period is required. Please refer to the policy documents for details of “Waiver of Premium Benefit” and “Payor Benefit”.
7. If the policyowner opts for the beneficiary to receive “a lump sum payment for part of the death benefit and Additional Accidental Death Benefit (if any), and the remaining will be paid on a regular basis”, the lump sum amount should equal to or greater than 5% of the death benefit and Additional Accidental Death Benefit (if any). However, interest on unpaid death benefit and Additional Accidental Death Benefit (if any) is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected period. Only lump sum death benefit is applicable if an assignment is made. If the beneficiary(ies) die(s) while receiving the regular death benefit and Additional Accidental Death Benefit (if any) payments, the remaining amount will be paid to the beneficiary(ies)' estate. If no beneficiary(ies) survives the insured and the policyowner is still alive, the death benefit and Additional Accidental Death Benefit (if any) will be paid to the policyowner in accordance with the death benefit settlement option. Policyowner may also request to receive the death benefit in lump sum. If the policyowner dies while receiving the regular death benefit payment, the remaining death benefit and Additional Accidental Death Benefit (if any) will be paid in a lump sum to the policyowner’s estate. Please refer to the policy provisions for details of Death Benefit Settlement Option.
8. Upon full surrender, the policyowner may choose to receive surrender payment in a fixed amount on a regular basis. However, interest on unpaid surrender payment is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected period. If the policyowner dies while receiving the regular death benefit payments, the remaining surrender payment will be paid in lump sum to the policyowner’s estate.
9. Additional Accidental Death Benefit only covers (i) death of the insured due to accident occurs on or before the Policy Anniversary when the insured attains age 75 and the death occurs within 180 calendar days from the date of the accident; and (ii) after we received satisfactory proof of the accidental death of the insured. Additional Accidental Death Benefit up to 100% of total premiums paid will be provided. This benefit is not available for the policy with Policy Continuation Option being exercised. Please refer to the policy provisions for details of Additional Accidental Death Benefit.
10. Total premiums paid refers to the total amount of premium(s) due and paid for the basic plan. For policy with premium prepayment, the premium prepayment in premium deposit account will not be calculated in the total premiums paid.
11. Total permanent disability refers to any of the following that results from an illness or injury: (i) the total and irrecoverable loss of sight of both eyes; or (ii) the complete and permanent paralysis of two limbs or actual severance at or above wrist or ankle of two limbs; or (iii) total and irrecoverable loss of the sight of one eye and either the complete and permanent paralysis of one limb or actual severance at or above wrist or ankle.
12. Contingent policyowner refers to the person who is appointed by the policyowner on our company’s application or on our designated form and is approved as contingent policyowner by our company. Please refer to policy documents for details about the contingent policyowner.
13. The current interest rate offered is 2% p.a., but it is not guaranteed.
14. The premium prepayment option is only applicable to policy with annual premium payment mode. The prepaid premium will be credited to your premium deposit account and accumulate at the prevailing interest rate offered at that time (The current interest rate offered is 2% per annum, but it is not guaranteed). You can withdraw the full amount of the prepaid premiums from the premium deposit account. However, any interest credited will be forfeited. If the amount of the premium deposit account is not sufficient to pay the premium due to a decrease in interest rate, the policyowner is required to make up the relevant premium difference. Otherwise, the policy will be terminated or subject to an automatic premium loan. If the insured passes away, the premium deposit account balance (if any) will be payable to the policyowner without any charge.