Dividend and Crediting Interest Philosophy
If it is a participating and/or providing interest on accumulation insurance plan, Premiums received from the policies will be invested to a variety of assets according to the Company's investment strategy. The surplus from the invested assets will be shared with Policyholder through declared dividends and/or interest rate on accumulation in accordance with the relevant clause in the benefit provision. The Company will ensure a fair sharing of profits among different groups of policyholders and also between policyholders and the Company. The Company will review and determine the dividend and/or interest rate on accumulation at least once a year, the current projection on dividend and/or interest rate on accumulation are not guaranteed and subject to change with the entire performance of the relevant policies and the factor including but not limited to the investment returns, operating expense, claims experience, commission, persistency, past experience and future prospect.
The Company has established a Participating Insurance Business Management Committee, which has been authorized by the Board (comprising one or more Independent Non-Executive Directors) to conduct regular evaluations on dividend policies, and to independently review and determine the profit sharing plan of the current year as recommended by the Appointed Actuary.
Investment Philosophy, Policy and Strategy
The Company aims to strive for minimizing volatility of the investment return and provides stable return as our investment philosophy. Assets are mainly invested in bonds and other fixed income instruments, such as government and corporate bonds and other fixed income instruments to support the guaranteed financial obligation. To enhance the performance of the investment portfolio, the Company invests in equity-type investments and other investment instruments such as mutual funds and direct/indirect investment in properties or commercial institutions.
The investment portfolio will be diversified across different geographic regions and/or industries. Investment strategy will be subject to change depending on the market conditions and the economic outlook. The Company will inform Policyholder the relevant changes in dividend and/or interest rate on accumulation and the impact to the policies when there is change in the investment strategy.
The Company’s current investment strategy on participating and/or providing interest on accumulation plans are as follow:
| Asset type | Target Asset Mix （%） |
| Bonds and other fixed income instruments | 50% to 90% |
| Equity-type investment and other investments | 10% to 50% |
Fulfillment Ratios for Dividends and Interests
Reporting year: 2018
The following table shows the fulfillment ratios of non-guaranteed annual dividends, terminal dividends and accumulation interests for each of the product series which has new policies issued starting from 2011.
Fulfillment ratio calculation for annual dividends
The fulfillment ratio for annual dividends is calculated as the ratio of aggregate actual accumulated non-guaranteed annual dividends, including actual dividend accumulation interests, against the illustrated amounts at the point of sale for all relevant in force policies in the reporting year.
Fulfillment ratio calculation for terminal dividends
The fulfillment ratio for terminal dividends is calculated as the ratio of aggregate payout of terminal dividends, including actual terminal dividend accumulation interests, against the illustrated amounts at the point of sale for all relevant terminated policies in the reporting year.
Fulfillment ratio calculation for accumulation interests
The fulfillment ratio for accumulated interests is calculated as the ratio of actual interests accumulated on cash coupons against the illustrated amounts at the point of sale for all relevant in force policies in the reporting year.
The information are intended for reference only and should not be taken as an indicator of future dividends and interests declaration of the products. The fulfillment ratio is the average ratios calculated for all relevant policies under the respective product series, which may not reflect the circumstances of any individual policy.
1) Participating Plans - with Annual Dividend
Please select the product series:
10-Year RMB Savings Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2016 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | 100% | 100% | NA | 100% |
18-Year Pay Whole Life Insurance
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2016 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
3-Year Pay 12-Year Saving Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | 100% | NA |
5-Year Bonus Savings Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | 100% | 100% | 100% | NA | NA |
5-Year Treasure Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | NA | NA |
6-Year Pay 12-Year Saving Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
6-Year Wealth Saver Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | NA | NA | NA | NA | NA |
8-Year Saver Endowment Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | NA | NA | NA | NA | NA |
Abundant Endowment Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Bliss Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | 100% | 100% | NA | 100% | NA |
BoBo Education Endowment Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
BOCOM 10-Year RMB Savings Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | 100% | NA | 100% |
BOCOM 6 Year Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | NA | NA |
Brighter Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Brilliant Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Endowment 65 (Annuity Version)
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Enhanced 18-Year Pay Whole Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | NA |
Enhanced 5-Year Endowment
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | NA | NA | NA |
Enjoyable Life Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | 100% | 100% | 100% |
Ever Rising RMB 6-Year Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | NA | NA |
Golden 6-Year Treasure Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | 100% | NA | NA | NA | NA |
Golden Age Retirement Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Golden Saver (RMB) Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | NA |
Golden Single Premium 5-Year Endowment
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | NA | NA | NA | NA |
Guardian Critical Illness Whole Life Insurance
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Harvest Honor Whole Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | NA | NA | NA | NA |
Healthguard Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Hey Whole Life Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
ICBC(Asia) 6-Year RMB Endowment Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | NA | NA |
Instant Benefit Annuity Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Intelligent Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | NA | NA |
Intelligent Insurance Plan (2014)
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | 100% | NA | NA | NA |
Intelligent Savings Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | 100% | NA |
Lifelong Attention Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | 100% | 100% |
Long Life and Harvest Year Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | NA | NA | 100% |
NCB 5-Year Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | NA | NA | NA |
NCB 6-Year Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | 100% | NA |
NCB RMB Series 10-Year Savings Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | NA | NA | 100% |
NCB Wonderful 65 Insurance Plan Series
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | 100% | 100% | NA | 100% | 100% |
Noble Champion Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
Noble Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Noble Life Insurance Plan 2
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | NA | NA | NA |
Peaceful Age Whole Life Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Perfect Wealth Whole Life Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Plentiful Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Prevails 6 Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | NA | NA |
Privilege RMB Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | 100% | NA | NA |
Prosperous 18 Education Saving Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Prosperous Future Education Saving Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Prosperous Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Rainbow Age / Supreme Wealth Whole Life Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Relaxful Age Insurance Plan
Product type - Participating annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Retirement Deferred Annuity 65
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Safeguard Tomorrow Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Savvy Life Lady Protection Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
Smart 5 Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | NA | NA | NA |
Smart Fortune 8-year Endowment Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | NA | NA | NA | NA |
Smart-6 Endowment Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | 100% | NA |
Start Whole Life Guaranteed Annuity Plan
Product type - Participating annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | 100% | 100% | NA |
Successful Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Super 6 Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | NA | NA | NA | NA |
Superior Wealth Plus Whole Life Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | NA | NA | NA | NA |
Superior Wealth Whole Life Plan (SE)
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Synergy Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
Time Lady Protection Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Wealth Grower Guaranteed Annuity Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | NA | NA | NA |
Wealth Master Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | NA | NA | NA | NA |
Wealth Protector Annuity Insurance Plan
Product type - Participating annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | NA | NA |
Win-Win 10-Year RMB Savings Insurance Plan
Product type - Participating endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | NA | 100% | 100% | 100% |
Wise Choice 5-Year Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | 100% | NA | NA | NA |
Wise Choice 6-Year Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | 100% | NA |
Wishes 6 Years Endowment Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | 100% | 100% | NA | NA |
Wishes Whole Life Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | NA | 100% | 100% | NA |
Wonderful Life Education Savings Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Yearly Harvest Insurance Plan
Product type - Participating endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Yearly Reward Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
2) Participating Plans - with Terminal Dividend
Please select the product series:
Critical Illness Guardian Insurance Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
Critical Illness Multiple Protector
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | NA | NA | NA |
Excel-harvest 108 Annuity Plan
Product type - Participating annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | NA | NA | NA | NA | NA | NA |
Superb Protection Critical Illness Plan
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Superb Protection Critical Illness Plan (Basic)
Product type - Participating whole life
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | NA | NA | NA | NA | NA |
3) Plans with Accumulated Interest
Please select the product series:
3-year payment term endowment plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | NA | NA | NA | NA |
6-Year Treasure Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | 100% | 100% | 100% | NA |
Achieve 5 Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | NA | NA | NA | NA |
Affluent Life Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | NA | NA | NA | NA | NA |
BOCOM 3080 Guaranteed Annuity Plan (RMB)
Product type - Annuity
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
BOCOM Rich Harvest Immediate Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | NA |
BOCOM Success Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2016 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Brilliant Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | NA |
Elite Achiever Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | NA | NA | NA | NA | NA |
Enjoyable Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | NA | NA |
Guaranteed Annuity Plan (15)
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | NA | NA |
Life Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | NA | NA | NA |
Promising 5 Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | NA | NA | NA | NA |
Relaxing Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Smart Treasure 10-Year Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | NA | NA | NA | NA |
Speedy Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | 100% | NA | NA | NA | NA |
Splendid / Splendid 16 Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | NA | NA |
Start 3 Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | NA | NA |
Start 3 Guaranteed Annuity Plan (RMB)
Product type - Annuity
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | NA | NA | NA |
Start Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | 100% | 100% | 100% | 100% | 100% | 100% |
Start Whole Life Guaranteed Annuity Plan
Product type - Annuity
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| 100% | NA | NA | NA | 100% | NA | NA |
Superior 5 Insurance Plan
Product type - Endowment
| Applied to all currencies plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | NA | NA | NA | NA |
Wise Choice 5-Year Insurance Plan (RMB Enhanced)
Product type - Endowment
| Applied to RMB plan | ||||||
|
Policy year 1 2017 |
Policy year 2 2016 |
Policy year 3 2015 |
Policy year 4 2014 |
Policy year 5 2013 |
Policy year 6 2012 |
Policy year 7 2011 |
| NA | 100% | NA | 100% | 100% | NA | NA |
Note for fulfillment ratios:
Fulfillment ratios may not be applicable due to one or more of the following reason(s):
1) There is no relevant policy with the respective policy year as of current reporting year.
2) The amount of accumulated non-guaranteed annual dividends, terminal dividends and accumulation interests at the point of sale up to the respective policy year as of current reporting year is zero for the relevant policies.
Historical Crediting Interest Rate for Universal Life Plans
Crediting Interest Rate Philosophy
If it is an universal life insurance plan, Policyholder will share the surplus from the invested assets of the Company's investment from the declared interest. The Company will ensure a fair sharing of profits among different groups of policyholders and also between policyholders and the Company. The Company will review and determine and declared crediting interest rate at least once a year, the current projection on crediting interest rate are not guaranteed and subject to change with the entire performance of the universal life insurance policies and the factor including but not limited to the investment returns, operating expense, claims experience, commission, persistency, past experience and future prospect.
Investment Philosophy, Policy and Strategy
The Company aims to strive for minimizing volatility of the investment return and provides stable return as our investment philosophy. Assets are mainly invested in bonds and other fixed income instruments, such as government and corporate bonds and other fixed income instruments to support the guaranteed financial obligation. To enhance the performance of the investment portfolio, the Company invests in equity-type investments and other investment instruments such as mutual funds and direct/indirect investment in properties or commercial institutions.
The investment portfolio will be diversified across different geographic regions and/or industries. Investment strategy will be subject to change depending on the market conditions and the economic outlook. The Company will declare Crediting Interest Rate and reflect the performance o the actual Crediting Interest Rate in the annual statement.
The Company’s current investment strategy on universal life insurance plans are as follow:
Royal Privilege Universal Life Insurance Plan 3
| Asset type | Target Asset Mix （%） |
| Bonds and other fixed income instruments | 60% to 100% |
| Equity-type investment and other investments | 0% to 40% |
Gain Savings Insurance Plan
| Asset type | Target Asset Mix （%） |
| Bonds and other fixed income instruments | 80% to 100% |
| Equity-type investment and other investments | 0% to 20% |
Reporting year: 2018
The following table shows the historical General Crediting Interest Rates for each of the universal life insurance product series which has new policies issued starting from 2011.
The information are intended for reference only and should not be taken as an indicator of future General Crediting Interest Rates of our universal life insurance products.
Prime Universal Life Insurance Plan
|
2018 |
2017 |
2016 |
2015 | 2014 | 2013 | 2012 | 2011 |
| 4.10% | 4.10% | NA | NA | NA | NA | NA | NA |
Royal Privilege Universal Life Insurance Plan
|
2018 |
2017 |
2016 |
2015 | 2014 | 2013 | 2012 | 2011 |
| 4.80% | 4.80% | NA | NA | NA | NA | NA | NA |
Royal Privilege Universal Life Insurance Plan 2
|
2018 |
2017 |
2016 |
2015 | 2014 | 2013 | 2012 | 2011 |
| 4.30% | NA | NA | NA | NA | NA | NA | NA |
Flexi Saver Plan
|
2018 |
2017 |
2016 |
2015 | 2014 | 2013 | 2012 | 2011 |
| NA | NA | NA | NA | NA | NA | NA | NA |
Notes:
1) Some of the above results are shown as "NA" because in the respective year the products were not yet launched.
2) The historical crediting interest rates are based on weighted average crediting interest rate of these policies in each calendar year.