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Important Information

Important Information

Policyholder Dividend and Crediting Interest Philosophy

Applicable to All Participating Policies

  1. We issue participating life policies, which offer the Policyholders with non-guaranteed dividends/bonuses including annual dividends, reversionary bonuses, terminal dividends and/or terminal bonuses. Annual dividends and reversionary bonuses are generally declared per annum, while terminal dividends and terminal bonuses are generally payable upon policy surrender, death of Insured or policy maturity.
  2. Premium income received from the Policyholder is invested in an investment portfolio to support the participating Product Group. Through the policy dividends/bonuses declaration, the policyholders participate in the financial performance of the Product Group. Financial performance may be affected by both past experience and future outlook for all the factors including, but not limited to, investment performance of the underlying asset supporting the Product Group, expenses, persistency, and claims. The experience over the long-term is compared against expectation, and the non-guaranteed dividends/bonuses are adjusted if the experience over the long-term is different from the expectation.
  3. Due to the variation of features and benefits of different products, the frequency and magnitude for the change in dividend/bonus may vary for different products. In general, the adjustments on dividends/bonuses are more frequent and significant for products with higher risk profile. Policies of the same product may be separated into different bucket with different dividend/bonus, with an aim to more closely reflect the underlying financial performance.
  4. To stabilize the dividend/bonus, we may distribute a proportion of the financial performance in a particular year attributable to the Policyholder, with an aim to smooth out the short-term volatility of dividend/bonus over the course of the policy term. When future investment performance is worse than expected, the company’s shareholder may share less from the investment performance such that more may be allocated for dividend payment/bonus distribution, and vice versa.
  5. The Board, having regard to the advice of the Appointed Actuary and reviewed by Risk and Investment Committee which must include one independent non-executive director, will review and determine the dividend/bonus at least once per year. The declared dividend/bonus may be different from those illustrated in the relevant product information provided, e.g. benefit illustrations. In case of any change in the actual dividend/bonus against the illustration or should there be a change in the projected future dividend, such change will be reflected in the policy anniversary statement and an updated Basic Plan Benefit Summary.

Applicable to All Universal Life policies

  1. We issue universal life policies, which credit the Policyholders’ account with interest that is not guaranteed.
  2. Premium income received from the Policyholder is invested in an investment portfolio to support the product. Through the crediting interest rate declaration that allows for the profit target of the Company and minimum guaranteed crediting interest rate, the Policyholder participates in the investment performance of the portfolio. The crediting interest rate declaration may be affected by both past experience and future outlook for all the factors including, but not limited to, market conditions, investment outlook, persistency and claims.
  3. Due to the variation of features and benefits of different products, the frequency and magnitude for the change in crediting interest rate may vary for the different products. In general, the adjustments on crediting interest rate scale are more frequent and significant for products with higher risk profile.
  4. To stabilize the crediting interest rate, we may distribute a proportion of the investment income in a particular year attributable to the Policyholder, with an aim to smooth out the short-term volatility of crediting interest rate over the course of policy term.
  5. The Board, having regard to the advice of the Appointed Actuary and reviewed by Risk and Investment Committee which must include one independent non-executive director, will review and determine the crediting interest rate at least once per year. The declared crediting interest rate may be different from those illustrated in the relevant product information provided, e.g. benefit illustrations. In case of any change in the actual crediting interest rate against the illustration or should there be a change in the projected future crediting interest rates, such change will be reflected in the policy anniversary statement and an updated Basic Plan Benefit Summary.
  6. The actual crediting interest rate will vary from time to time and will be subject to a minimum level if the product offers a guaranteed interest rate.

Investment Philosophy, Policy and Strategy

Applicable to All Participating Policies and Universal Life Policies

  1. Our investment philosophy is to deliver long-term stable return which is in line with the product and the Company’s business and financial objectives.
  2. Our investment policy aims to achieve the targeted long-term investment results and reduce volatility in investment returns over time. It also aims to control and diversity risk exposures, maintaining adequate liquidity and manage the assets with respect to the product features.
  3. Investment instruments include cash, deposits, sovereign bonds, corporate bonds, listed equities, funds, private investments and/or other investment products. Derivatives and other hedging instruments may be used to manage investment risk at the Company's decision based on its long-term market view and asset-liability positions. It should be noted that residual investment risk may still exist after hedging.
  4. The asset portfolio also targets to provide diversification across different geographic regions (focus on the U.S., Europe and Asia Pacific markets) and industries to the extent the size of portfolio can support.
  5. For fixed income investment, currency exposure of the underlying policies is mitigated by closely matching either through direct investments in the same currency denomination or the use of currency hedging instruments.
  6. The asset portfolio is actively managed by investment professionals, who will also closely monitor the investment performance. The investment strategy may be subject to change depending on the investment views and economic outlook. In case of any changes in the investment strategy, we will inform our Owners for any material changes, rationale for the change and any impact to the Owners.
  7. For participating policies, our current long-term target asset allocation attributed to individual products are as follows:
Product Target Asset Mix
Fixed income type securities (investment grade and non-investment grade) Equity-like assets
“MyFuture” Savings Insurance Plan 25% - 50%50% - 75%
MyWealth Savings Insurance Plan (Prestige) 25% - 50%50% - 75%
MyWealth Savings Insurance Plan (Premier) 25% - 50%50% - 75%
"Value Plus" Insurance Plan (attached with Value Enhance Option) 50% - 90%10% - 50%
“Value Plus” Insurance Plan 50% - 90%10% - 50%
“Protect Starter” Critical Illness Protector 60% - 80%20% - 40%
Everglow 128 Insurance Plan 65% - 90%10% - 35%
@MyLove Insurance Plan I 60% - 80%20% - 40%
@MyLove Insurance Plan II 60% - 80%20% - 40%
Bright Future Insurance Plan 25% - 50%50% - 75%
Dragon 88 Insurance Plan (Single Premium) 50% - 90%10% - 50%
Fortune 100 Insurance Series 80% - 90%10% - 20%
Fortune Saver Insurance Plan 3 (Single Premium) 50% - 90%10% - 50%
Health@Ease Critical Illness Protector 60% - 80%20% - 40%
“HealthCare 168” Critical Illness Protector 2 25% - 50%50% - 75%
"HealthCare 168 Plus" Critical Illness Protector 30% - 80%20% - 70%
"Joyful Life" Insurance Plan 30% - 50%50% - 70%
"MediSave" Medical Account 70% - 100%0% - 30%
"On Your Mind" Insurance Plan (Supreme Version) 50% - 100%0% - 50%
"On Your Mind" Insurance Plan (Smart Version) 50% - 100%0% - 50%
Prosperous Deferred Annuity Plan 2 55% - 80%20% - 45%
Regal Premier Saver 60% - 80%20% - 40%
"RewardPro" Insurance Plan 25% - 50%50% - 75%
Regent Insurance Plan 2 (Premier Version) 25% - 50%50% - 75%
Regent Insurance Plan 2 (Global Premier) 25% - 50%50% - 75%
Regent Insurance Plan 3 (Prestige Version) 25% - 50%50% - 75%
Regent Insurance Plan 2 (Global Prestige) 25% - 50%50% - 75%
Regent Prime Insurance Plan II (Premier) 25% - 75%25% - 75%
Regent Elite Insurance Plan II (Premier) 25% - 75%25% - 75%
Signature Life 100%0%
“Smiley Kid” Critical Illness Insurance Plan 80% - 90%10% - 20%
Wealth Infinity Insurance Plan 25% - 50%50% - 75%
Product Target Asset Mix
Fixed income type securities(investment grade) Fixed income type securities (non-investment grade) / Equity-like assets
Glorious Protection Insurance Plan 50% - 70% 30% - 50%
“IncomePro” Annuity Plan 40% - 70% 30% - 60%
“IncomePro” Annuity Plan (Single Premium) 60% - 90% 10% - 40%
  1. For universal life policies, our current long-term target asset allocation attributed to individual products are as follows:
Product Target Asset Mix
Fixed income type securities (investment grade) Fixed income type securities (non-investment grade) / Equity-like assets
“Wealth Achiever” Universal Life Plan II 50% - 100% 0% - 50%
“Gorgeous” Universal Life Protection Plan 80% - 100% 0% - 20%

Fulfillment Ratios of Dividends/Bonuses

The following are Fulfillment Ratios of non-guaranteed Annual Dividends, Reversionary Bonuses, Terminal Dividends, Terminal Bonuses and policy value for products which have new policies issued in the previous five calendar years of reporting year 2022. The ratios are calculated up to the respective policy anniversary in the current reporting year.

The fulfillment ratio for annual dividends is calculated as the ratio of aggregate actual accumulated non-guaranteed annual dividends at their respective policy anniversary in year 2022 against the respective illustration amounts at the point of sale for all relevant policies that were in-force as of the end of year 2022.

The fulfillment ratio for reversionary bonuses is calculated as the ratio of aggregate actual accumulated non-guaranteed reversionary bonuses at their respective policy anniversary in relevant year against the respective illustrated amounts at the point of sale for all relevant policies that were in-force as of the end of year 2022 and for all relevant policies actually terminated in 2022. For avoidance of doubt, cash value of reversionary bonuses is used in the calculation.

The fulfillment ratio for terminal dividends/bonuses is calculated as the ratio of aggregate payout of terminal dividends/bonuses against the illustrated amounts at the point of sale for all relevant policies actually terminated in 2022. Similarly, cash value of terminal bonuses is used in the calculation.

The fulfillment ratio for policy value is calculated as the ratio of aggregate payout of policy value against the illustrated amounts at the point of sale for all relevant policies actually terminated in 2022.

For the purpose of calculation of Fulfillment Ratios, it is assumed that:

  • All annual dividends and reversionary bonuses (if any) declared are left with the company for interest accumulation since policy issuance based on the relevant actual interest rates.
  • All guaranteed monthly incomes (if any) and non-guaranteed monthly incomes (if any) paid are left with the Company for interest accumulation since policy issuance based on the relevant actual interest rates.
  • There is no change in Sum Insured / Unit of the policy since policy issuance.

Fulfillment Ratios may not be applicable due to the following reason(s):

  1. No relevant policy is in-force with the respective policy year as of current reporting year.
  2. The amount of accumulated annual dividends/reversionary bonuses and interest illustrated at the point of sale up to the respective policy year as of current reporting year is zero for the relevant policies.
  3. No terminal dividend/bonuses or policy value was paid in reporting year:

    • No terminal dividends/bonuses or policy value was entitled by the policy upon the termination of the policy in the respective policy year; and/or
    • No relevant policy was actually terminated in the respective policy year.
Please be reminded that the annual dividend, reversionary bonus, terminal dividend/bonus and policy value history is not an indicator of future performance of our participating products.

Bright Future Insurance Plan/
Endless Love Insurance Plan/
Wealth Infinity Insurance Plan - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Fortune 100 Insurance Plan - Life insurance with cash coupons (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A 100% 100% 100% 100% 100% 100% 100% 100% 99% N/A
Terminal Dividends USD N/A N/A 100% 100% 100% 100% 100% 100% 100% N/A N/A

*Cash coupon is also known as cash endowment.

Fortune Saver Insurance Plan 3 - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Dragon 88 Insurance Plan - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

"HealthCare 168 Plus" Critical Illness Protector - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For "HealthCare 168 Plus" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

Health@Ease Critical Illness Protector - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A 100% N/A N/A N/A N/A N/A N/A

*For "Health@Ease" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

"IncomePro" Annuity Plan - Endowment with annuity payment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

"IncomePro" Annuity Plan (Single Premium) - Endowment with annuity payment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A 100% N/A N/A N/A N/A N/A N/A N/A

"Joyful Life" Insurance Plan - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A 100% N/A N/A N/A N/A N/A N/A

"MediSave" Medical Account - Medical life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A 100% N/A N/A N/A N/A N/A N/A

*For "MediSave" Medical Account, it is assumed that there is no claim of hospital & surgical benefits since policy issuance.

@MyLove Insurance Plan II - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A 100% N/A N/A N/A N/A N/A N/A

"On Your Mind" Insurance Plan - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Reversionary Bonus USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Bonus USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Prosperous Deferred Annuity Plan 2 - Endowment with annuity payment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

ComboPro Insurance Plan - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Special Bonus USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For ComboPro Insurance Plan, it is assumed that there is no claim of living benefits since policy issuance.

Regent Insurance Plan 2 (Global Premier) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Insurance Plan 2 (Global Prestige) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Insurance Plan 2 (Premier Version) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% 101% N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A

Regent Prime Insurance Plan II (Premier) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Revisionary Bonus USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Bonus USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Elite Insurance Plan II (Premier) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Revisionary Bonus USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Bonus USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

"RewardPro" Insurance Plan - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent insurance plan 3 (Prestige) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD No policy has reached the first policy anniversary and thus no Fulfillment Ratios of Bonuses is shown.
Terminal Dividends USD

“Protect Starter” Critical Illness Protector - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD No policy has reached the first policy anniversary and thus no Fulfillment Ratios of Bonuses is shown.

For "Protect Starter" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

Everglow 128 Insurance Plan - Life insurance with cash coupons (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD No policy has reached the first policy anniversary and thus no Fulfillment Ratios of Bonuses is shown.
Terminal Dividends USD

Regent Insurance Plan 2 (Prestige Version) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% 101% N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A

Signature Life Insurance Plan - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A 100% 100% 100% 100% 100% 100% 100% N/A N/A N/A

"Smiley Kid" Critical Illness Insurance Plan - Critical illness endowment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A 103% 102% 102% 102% 102% 100% 100% 99% 99%
HKD N/A 103% 100% 100% 102% 103% 102% 101% 100% 100% 99%

"EXTRA" Income Plan (Closed to sales) - Endowment with annuity payment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 99% 98%
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For "EXTRA" Income Plan, the fulfillment ratio is the ratio of actual to illustrated non-guaranteed components, including accumulated dividends and interest, non-guaranteed monthly incomes and interest on both accumulated guaranteed monthly incomes and accumulated non-guaranteed monthly incomes.

Fortune Saver Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Fortune Saver Insurance Plan II (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Dividends USD 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A

Glorious Protection Insurance Plan (Closed to sales) - Endowment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

"HealthCare 100" Critical Illness Protector (Closed to sales) - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A 100% 100% 100% N/A N/A N/A N/A

*For "HealthCare 100" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

"HealthCare 168" Critical Illness Protector (Closed to sales) - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A

*For "HealthCare 168" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

"HealthCare 168" Critical Illness Protector 2 (Closed to sales) - Critical illness life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For "HealthCare 168" Critical Illness Protector 2, it is assumed that there is no claim of living benefits since policy issuance.

"Healthy Senior" Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends HKD N/A N/A N/A N/A 61% 63% 66% 67% 68% 68% 69%
Terminal Dividends HKD N/A N/A N/A N/A N/A N/A 80% N/A N/A 32% 32%
Policy Value HKD N/A N/A N/A N/A N/A N/A 100% N/A N/A 100% 100%

Leisure Life Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 99% 99%
HKD N/A N/A N/A N/A N/A N/A N/A N/A 61% 65% 70%
Terminal Dividends USD N/A N/A N/A N/A 100% 100% 100% 100% 92% 50% 50%
HKD N/A N/A N/A N/A N/A N/A N/A N/A 32% 32% 32%
Policy Value USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 100% 100%
HKD N/A N/A N/A N/A N/A N/A N/A N/A 100% 100% 100%

LifeCare Medical Account Series (Closed to sales) - Medical life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD N/A N/A N/A N/A 100% 104% 105% 105% 105% 105% 105%
HKD N/A N/A N/A N/A 100% 104% 105% 105% 54% 42% 42%

*For LifeCare Medical Account Series, it is assumed that there is no claim of hospital & surgical benefits since policy issuance.

@MyLove Insurance Plan I (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD 100% 100% 100% 100% 100% 100% N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A 100% N/A N/A N/A N/A N/A N/A

Prosperous Deferred Annuity Plan (Closed to sales) - Endowment with annuity payment (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Terminal Dividends USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Regal Premier Saver (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A 100% 100% 100% 100% N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A

Regent Insurance Plan (Issued on or before 16/12/2016) (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A N/A 135% 122% N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A N/A 100% 100% 100% N/A N/A N/A N/A

Regent Insurance Plan (Issued on or after 17/12/2016) (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A 104% 104% 126% N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A 100% 100% 100% N/A N/A N/A N/A N/A N/A

Remarks:

1. For Regent Insurance Plan issued on or before 16/12/2016, the actual accumulated annual dividend and interest in policy year 6 and 7 is significantly higher than that illustrated with the reason that annual dividends have been paid to these policies in the first 2 policy years despite the illustrated accumulated annual dividend and interest at point of sale was zero in policy years 1 and 2 respectively.

"Regent · Premier" Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A N/A

"Regent · Prestige" Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A 100% 100% 100% N/A N/A N/A N/A N/A
Terminal Dividends USD N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A N/A

Regent Prime Insurance Plan (Premier) (Closed to sales) - Life insurance (participating)

Dividend/Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Reversionary Bonus USD 100% 100% 101% N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Bonus USD 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Elite Insurance Plan (Premier) (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Reversionary Bonus USD 100% 100% 101% N/A N/A N/A N/A N/A N/A N/A N/A
Terminal Bonus USD N/A 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A

Success Pay Life Saving Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A 100% 100% 100% 100% 100% 100% 99% 98%
HKD N/A N/A N/A N/A 100% 100% 100% 100% 100% 99% 98%
Terminal Dividends USD N/A N/A N/A N/A 100% 100% 100% 100% 81% 61% 61%
HKD N/A N/A N/A N/A 100% 100% 100% 100% 45% 40% 40%

"Super Kid" Children's Educational Fund (Closed to sales) - Endowment with cash coupons and guaranteed insurability option at maturity (participating)

Dividend/ Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A N/A N/A N/A 100% 100% 100% 99%
HKD N/A N/A N/A N/A N/A N/A N/A 60% 60% 60% 60%
Terminal Dividends USD N/A N/A N/A N/A N/A 100% 100% 100% N/A 70% 70%
HKD N/A N/A N/A N/A 80% N/A 80% 80% 47% 32% 32%

*Cash coupon is also known as cash endowment.

TG Life Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 99% 98%
HKD N/A N/A N/A N/A N/A 100% 100% 100% 100% 98% 98%
Terminal Dividends USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
HKD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A 40%
Policy Value USD N/A N/A N/A N/A N/A N/A 100% N/A N/A N/A N/A
HKD N/A N/A N/A N/A N/A 100% 100% N/A N/A N/A 100%

TopLife Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Fulfillment Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Annual Dividends USD N/A N/A N/A N/A 71% 76% 78% 86% 84% 88% 87%
HKD N/A N/A N/A N/A 78% 82% 82% 83% 80% 61% 61%

Total Cash Value Ratio

The following are total cash value ratios for products which have new policies issued in the previous five calendar years of reporting year 2022. The total cash value ratios are calculated up to the respective policy anniversary in the current reporting year.

The total cash value ratio is calculated as the ratio of aggregate actual total cash values at their respective policy anniversary in year 2022 against the respective illustration amounts at the point of sale for all relevant policies that were in-force as of the end of year 2022. Total cash value includes both guaranteed benefits (cash value, cash coupons) and non-guaranteed benefits (policy value, interest of cash coupons, annual dividend and its interest, terminal dividend).

Some of the non-guaranteed benefits (for example the policy value or terminal dividend) are only available upon termination of policy. Before a policy is actually terminated, this amount is still not guaranteed, and we have the right to increase or decrease the amount subsequently from time to time at our discretion. When we calculate the total cash value ratio, we include only policies that have not been terminated and hence the total cash value in the calculation has not been paid.

For the purpose of calculation of total cash value ratios, it is assumed that:

  • All annual dividends and cash coupons (if any) declared are left with the company for interest accumulation since policy issuance based on the relevant actual interest rates.
  • Premiums have been paid up to the end of policy year.
  • All guaranteed monthly incomes (if any) and non-guaranteed monthly incomes (if any) paid are left with the Company for interest accumulation since policy issuance based on the relevant actual interest rates.
  • There is no change in Sum Insured / Unit of the policy since policy issuance.

Total cash value ratios may not be applicable due to the following reason(s):

  1. No relevant policy is in-force with the respective policy year as of current reporting year.
  2. The amount of total cash values illustrated at the point of sale up to the respective policy year as of current reporting year is zero for the relevant policies.
Please be reminded that the total cash value history is not an indicator of future performance of our participating products.

Bright Future Insurance Plan/ Endless Love Insurance Plan/ Wealth Infinity Insurance Plan - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Fortune 100 Insurance Plan - Life insurance with cash coupons (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A 100% 100% 100% 100% 100% 100% 100% 100% 100% N/A

*Cash coupon is also known as cash endowment.

Fortune Saver Insurance Plan 3 - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Dragon 88 Insurance Plan - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

"HealthCare 168 Plus" Critical Illness Protector - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For "HealthCare 168 Plus" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

Health@Ease Critical Illness Protector - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A 100% 100% 100% 100% N/A N/A N/A N/A N/A

*For "Health@Ease" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

"IncomePro" Annuity Plan - Endowment with annuity payment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A

"IncomePro" Annuity Plan (Single Premium) - Endowment with annuity payment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A

"Joyful Life" Insurance Plan - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A

"MediSave" Medical Account - Medical life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A N/A

*For "MediSave" Medical Account, it is assumed that there is no claim of hospital & surgical benefits since policy issuance.

@MyLove Insurance Plan II - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A

"On Your Mind" Insurance Plan - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Prosperous Deferred Annuity Plan 2 - Endowment with annuity payment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

ComboPro Insurance Plan - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For ComboPro Insurance Plan, it is assumed that there is no claim of living benefits since policy issuance.

Regent Insurance Plan 2 (Global Premier) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Insurance Plan 2 (Global Prestige) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Insurance Plan 2 (Premier Version) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A

Regent Prime Insurance Plan II (Premier) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent Elite Insurance Plan II (Premier) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

"RewardPro" Insurance Plan - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A

Regent insurance plan 3 (Prestige) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD *No policy has reached the first policy anniversary and thus no Total Cash Value Ratio is shown.

“Protect Starter” Critical Illness Protector - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD *No policy has reached the first policy anniversary and thus no Total Cash Value Ratio is shown.

*For "Protect Starter" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

Everglow 128 Insurance Plan - Life insurance with cash coupons (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD *No policy has reached the first policy anniversary and thus no Total Cash Value Ratio is shown.

Regent Insurance Plan 2 (Prestige Version) (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A

Signature Life Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A 100% 100% 100% 100% 100% 100% 100% N/A N/A N/A

"Smiley Kid" Critical Illness Insurance Plan (Closed to sales) - Critical illness endowment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A 103% 102% 100% 101% 101% 100% 100% 100% 100%
HKD N/A 103% 100% 100% 100% 101% 101% 100% 100% 100% 100%

"EXTRA" Income Plan (Closed to sales) - Endowment with annuity payment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 100% 100%

*For “EXTRA” Income Plan, the total cash value ratio is the ratio of actual to illustrated guaranteed and non-guaranteed components. Guaranteed components include guaranteed cash value, special bonus and guaranteed monthly incomes. Non-guaranteed components include accumulated dividends and interest, non-guaranteed monthly incomes, interest on both accumulated guaranteed monthly incomes and accumulated non-guaranteed monthly incomes, and terminal dividend (if any).

Fortune Saver Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Fortune Saver Insurance Plan II - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A N/A

Glorious Protection Insurance Plan (Closed to sales) - Endowment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

"HealthCare 100" Critical Illness Protector (Closed to sales) - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A 100% 100% 100% 100% N/A N/A N/A N/A

*For "HealthCare 100" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

"HealthCare 168" Critical Illness Protector (Closed to sales) - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 100% 100% 100% N/A N/A N/A N/A

*For "HealthCare 168" Critical Illness Protector, it is assumed that there is no claim of living benefits since policy issuance.

"HealthCare 168" Critical Illness Protector 2 (Closed to sales) - Critical illness life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A

*For "HealthCare 168" Critical Illness Protector 2, it is assumed that there is no claim of living benefits since policy issuance.

"Healthy Senior" Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value HKD N/A N/A N/A N/A 97% 98% 98% 98% 98% 86% 86%

Leisure Life Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 96% 97%
HKD N/A N/A N/A N/A N/A N/A N/A N/A 98% 95% 96%

LifeCare Medical Account Series (Closed to sales) - Medical life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 100% 100% 100% 100% 101% 101% 102%
HKD N/A N/A N/A N/A 100% 100% 100% 100% 100% 83% 81%

*For LifeCare Medical Account Series, it is assumed that there is no claim of hospital & surgical benefits since policy issuance.

@MyLove Insurance Plan I (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% 100% 100% 100% N/A N/A N/A N/A N/A

Prosperous Deferred Annuity Plan (Closed to sales) - Endowment with annuity payment (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Regal Premier Saver (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A 100% 100% 100% 100% 100% N/A N/A N/A N/A

Regent Insurance Plan (Issued on or before 16/12/2016) (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A N/A 100% 100% N/A N/A N/A N/A

Regent Insurance Plan (Issued on or after 17/12/2016) (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A 100% 100% 100% N/A N/A N/A N/A N/A

"Regent · Premier" Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A 100% 100% N/A N/A N/A N/A N/A N/A

"Regent · Prestige" Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A 100% 100% 100% N/A N/A N/A N/A N/A

Regent Prime Insurance Plan (Premier) (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Regent Elite Insurance Plan (Premier) (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD 100% 100% 100% N/A N/A N/A N/A N/A N/A N/A N/A

Success Pay Life Saving Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A 100% 100% 100% 100% 100% 100% 95% 94%
HKD N/A N/A N/A N/A 100% 100% 100% 100% 99% 83% 85%

"Super Kid" Children's Educational Fund (Closed to sales) - Endowment with cash coupons and guaranteed insurability option at maturity (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 96% 96%
HKD N/A N/A N/A N/A N/A 99% 99% 99% 98% 93% 93%

*Cash coupon is also known as cash endowment.

TG Life Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 100% 100% 100% 100% 100% 91% 93%
HKD N/A N/A N/A N/A N/A 100% 100% 100% 100% 80% 84%

TopLife Insurance Plan (Closed to sales) - Life insurance (participating)

Dividend/ Bonus Type Policy Currency Total Cash Value Ratios for reporting year 2022
Policy Year 1 Policy Year 2 Policy Year 3 Policy Year 4 Policy Year 5 Policy Year 6 Policy Year 7 Policy Year 8 Policy Year 9 Policy Year 10 Policy Year 11+
Total Cash Value USD N/A N/A N/A N/A 96% 97% 97% 98% 98% 98% 98%
HKD N/A N/A N/A N/A 98% 98% 98% 98% 98% 95% 94%

Crediting Rate History

The following are historical crediting interest rates for each universal life product which has new policies issued since 1 January 2010.


Please be reminded that the historical crediting interest rate is not an indicator of future performance of our universal life products.

"Elite Choice" Insurance Plan (Closed to Sales)

Currency (for Currency Account) Historical Crediting Interest Rates
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
AUD 3.50% 3.50% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 3.00% 3.00% 3.00%
CNY 3.00% 3.25% 3.50% 3.50% 3.50% 3.50% 3.50% 3.50% 2.80% 2.80% 2.80%
HKD 1.00% 1.00% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50% 1.50%
USD 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00% 2.00%


Remark:

"Elite Choice" Insurance Plan was launched on 22 September 2012.

Interest will be credited on any value withdrawn or deducted from the policy account before the end of each calendar year at 1% p.a. currently for all currency accounts. Such interest rate may vary from time to time. Before the end of year 2016, such interest rate is 0%.

"Wealth Achiever" Universal Life Plan (Closed to Sales)

Date on which policy anniversary falls
From 18-07-16 to 31-12-17 From 01-01-18 to 31-12-18 From 01-01-19 to 31-12-19 From 01-01-20 to 31-12-20 From 01-01-21 to 31-12-21 From 01-01-22 to 31-12-22
Applicable crediting interest rate in past policy year 4.76% 4.71% 4.02% 4.00% 3.80% 3.80%


Remark :

1. “Wealth Achiever” Universal Life Plan was launched on 18 July 2016.

2. The crediting interest rates shown are calculated before applying any relevant policy charges (e.g. policy administration fee).

3. Please refer to your anniversary statement or contact your consultant for the crediting interest rates applicable to your policy.

Interim crediting interest rate is 2% p.a. since product launch. Such interest rate may vary from time to time.

"Wealth Achiever" Universal Life Plan II (Closed to Sales)

Date on which policy anniversary falls
From 01-09-17 to 31-12-20 From 01-01-21 to 31-12-21 From 01-01-22 to 31-12-22
Applicable crediting interest rate in past policy year 4.20% 3.99% 3.87%


Remark:

1. “Wealth Achiever” Universal Life Plan II was launched on 1 September 2017.

2. Please refer to your anniversary statement or contact your consultant for the crediting interest rates applicable to your policy.

Interim crediting interest rate is 2% p.a. since product launch. Such interest rate may vary from time to time.

"Wealth Achiever" Universal Life Protection Plan (Closed to Sales)

Account Layer Date on which policy anniversary falls
From 24-10-16 to 31-12-18 From 01-01-19 to 31-12-19 From 01-01-20 to 31-12-20 From 01-01-21 to 31-12-21 From 01-01-22 to 31-12-22
Applicable crediting interest rate in past policy year Basic Account Layer 4.50% 4.45% 4.17% 4.00% 4.00%
Top-up Account Layer N/A N/A N/A N/A N/A


Remark:

1. “Wealth Achiever” Universal Life Protection Plan was launched on 24 October 2016.

2. The crediting interest rates shown are calculated before applying any relevant policy charges (e.g. insurance charge and administration fee).

3. The crediting interest rates may not be applicable due to no relevant policy is in-force with the respective account layer as of current reporting year.

4. Please refer to your anniversary statement or contact your consultant for the crediting interest rates applicable to your policy.

"Gorgeous" Universal Life Protection Plan

Applicable crediting interest rate in past policy year Account Layer Date on which policy anniversary falls
From 01-02-19 to 31-12-20 From 01-01-21 to 31-12-21 From 01-01-22 to 31-12-22
"Gorgeous" Universal Life Protection Plan (Single Premium) Basic Account Layer 4.80% 4.70% 4.40%
Top-up Account Layer N/A N/A N/A
"Gorgeous" Universal Life Protection Plan (Limited Pay) Basic Account Layer 4.30% 4.30% 4.30%
Top-up Account Layer N/A N/A N/A


Remark:

1. “Gorgeous” Universal Life Protection Plan was launched on 1 February 2019.

2. The full year crediting interest on the planned premium of the first policy year was credited to the basic account in one lump sum upon the payment of the planned premium and the above crediting rates refer to the rates used to credit the full year crediting interest in the first policy year. Interests for the top-up account and the basic account (from the second policy year onwards) will be calculated on a daily accrual basis and credited to the relevant accounts on each policy anniversary until the insured reaches 120 years of age.

3. The crediting interest rates shown are calculated before applying any relevant policy charges (e.g. insurance charge and administration fee).

4. The crediting interest rates may not be applicable due to no in-force relevant policy is with the respective account layer as of current reporting year.

5. Please refer to your anniversary statement or contact your consultant for the crediting interest rates applicable to your policy.

Premium Levy

From 1 January 2018, the Insurance Authority (IA) will start collecting a premium levy from policy holders in accordance with the law. The levy rate will start at 0.04% of the insurance premium per policy year and increase gradually to 0.1%. The amount of the levy imposed on each policy will be subject to a cap.

Policy holders of all new or in-force life insurance policies must pay the levy along with their premium payment. The IA will collect the levy from policy holders via the insurance companies, including FTLife.

In Phase 1 (1 January 2018 to 31 March 2019), for life insurance policies with single or annualised premiums at or above HK$100,000, policy holders will pay only HK$40 at most per policy year. Details of the levy rates and caps are set out below:
Phase 1 Phase 2 Phase 3 Phase 4
1 January 2018 to
31 March 2019
1 April 2019 to
31 March 2020
1 April 2020 to
31 March 2021
1 April 2021 onwards
Levy rate 0.04% 0.06% 0.085% 0.1%
Premium levy cap
Life insurance $40 $60 $85 $100
Please note that if the currency of the policy is not arranged in HK dollars (e.g, US dollar or RMB), the premium levy will be also collected according to the policy currency.

For details of premium levy, please refer to our FAQ which has been posted in our website or you can contact our Customer Service Hotline at 2866-8898 for enquiries.