Lifelong Attention Insurance Plan
Attentive care that extends for life, for your precious child
Seedlings require attentive nurturing to grow strong, just as your children need steadfast care to grow into successful individuals. Lifelong Attention Insurance Plan (the “Plan”) offers whole-life protection with guaranteed cash coupons payable every 5 years, giving your children a gift of income and a reminder of your attentive love.
Essential coverage for lifelong protection
You are always ready to provide the best for your children, and to that purpose, there is nothing better than gifting them with a whole life protection. Better yet, you only have to pay premiums up to age 21 of the insured and he/she can enjoy protection until age 100.
Accumulate wealth through guaranteed cash coupons
Starting from the 5th policy anniversary, the Plan will provide a guaranteed cash coupon equal to 15% of the sum assured on every fifth policy anniversary until age 100 or the death of the insured (whichever is earlier). You may withdraw1 the declared cash coupons or leave them in the policy to earn interest2 until policy maturity, or use them to pay future premiums.
Enhance return through dividends
You will receive a non-guaranteed dividend2 at every policy anniversary while the policy is in force. You can opt to leave the non-guaranteed dividends in the policy to earn interest2 until policy maturity. Alternatively, you may withdraw1 or use that to pay future premiums.
Celebrating the policy maturity
On the policy anniversary immediately following the 100th birthday of the insured, a maturity benefit which is equal to the sum assured, plus accumulated guaranteed cash coupons and interest2 (if any), accumulated non-guaranteed dividends and interest2 (if any), and less all indebtedness (if any), will be provided.
In case the insured passes away, a death benefit will be provided, which is equal to the sum assured or the guaranteed cash value at the date of death of the insured, whichever is higher; plus accumulated guaranteed cash coupons and interest2 (if any), and accumulated non-guaranteed dividends and interest2 (if any), and less all indebtedness (if any).
Extra peace of mind with optional coverage
You can attach optional benefits, such as hospitalization, critical illness, accident coverage and waiver of premium, to the Plan to supplement the coverage.
Lifelong Attention Insurance Plan
|Issue age||15 days to age 11|
|Benefit term||To age 100 of the insured|
|Premium payment term3||To age 21 of the insured|
|Premium payment mode||Annual, semi-annual, quarterly, monthly4, annual and premium prepayment5|
|Policy currency||HKD or USD|
|Minimum sum assured||HKD80,000 or USD10,000|
- You may withdraw the distributed guaranteed cash coupons and/or non-guaranteed dividends at any time without any charge, however, the policy value and death benefit will be affected in case of withdrawal.
- The dividends and interest are not guaranteed. The actual benefits and/or returns may be lower or higher than the estimates. China Life (Overseas) reserves the right to revise these from time to time. The actual amount of dividend is subject to the overall performance of China Life (Overseas)’s participating businesses, including investment returns and claims, etc.
- In addition to premiums, you have to pay policy fee of HKD200/USD25 (subject to policy currency) per year during the premium payment term.
- If the required renewal premium is paid by you within the grace period, the policy shall continue to be in force. For details, please refer to the policy provisions issued by China Life (Overseas). If the policy is lapsed or surrendered early, the policy cash value received by you may be considerably less than the total amount of the premium paid.
- If you choose the annual and premium prepayment option, you can withdraw the unused prepaid premium (including interest, if any) at one time. China Life (Overseas) will charge 2% of the withdrawal amount, at a minimum amount of HKD100 / USD12.5. You can withdraw the unused prepaid premium once only. The interest rate of prepaid premium is not guaranteed.