Noble Pride Life Insurance Plan

Noble Pride Life Insurance Plan (the “Plan”) requires only a single premium payment to help you grow and preserve your wealth. It allows you to pass on your assets to future generations according to your personal wishes, leaving a lasting blessing for your loved ones. To guard against the unknown, the Plan specifically features incapacity benefit option, ensuring your protection remains securely within your control through proactive planning. Tomorrow’s confidence and joy come from today’s smart planning.

Multiple Potential Returns

Substantial Life Protection

Policy Split Option

Incapacity Benefit Option

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Wealth accumulation for a bright future

Multiple potential returns to accelerate wealth building

The Plan is a participating insurance plan that offers you potential capital growth. Its policy value consists of the following components:

-Guaranteed cash value grows over the policy years helping you accumulate wealth.

-Terminal dividend¹ is a one-off non-guaranteed dividend, which is payable from the 3^rd policy anniversary upon certain events.

-Total amount of terminal dividend management account² is equivalent to locked-in terminal dividend and accumulated interest³ (if any) less withdrawal amount (if any).

Terminal dividend management option to help you lock in gains

To facilitate your financial need, starting from the 15^th policy anniversary and every policy anniversary thereafter, you can apply to exercise the “terminal dividend management option”² to lock in a designated percentage of the terminal dividend of the policy. This option can only be exercised once for each policy year. The applicable minimum percentage for each application is 10% and the maximum aggregate percentage of all applications is 50%. The locked-in terminal dividend which is applied to lock in will be transferred to the terminal dividend management account. The locked-in terminal dividend will then be guaranteed and will accumulate with interest³ (if any) at a non-guaranteed rate. You may also withdraw from the terminal dividend management account for extra liquidity.

Pass your legacy to generations to come

Substantial life protection

The Plan provides substantial life protection up to age 138 of the insured. Should the worst happen, it can secure your family financially through wealth transfer in the form of life protection. As one progresses in life, his/her financial commitments may be eased, so the level of life protection under the Plan will be lowered gradually to balance the protection need at different stages of life.

If the insured passes away while the policy is in force, we will pay the beneficiary a death benefit which is equivalent to the highest of:
(i) designated death benefit percentage of the sum assured of the basic plan⁴ at the date of death of the insured; or
(ii) 100% of premium paid (will be pro rated if sum assured has been amended) of the basic plan at the date of death of the insured; or
(iii) guaranteed cash value of the basic plan at the date of death of the insured;
+ face value of terminal dividend¹ (if any);
+ total amount of terminal dividend management account² (if any);
─ all indebtedness (if any).
The policy will be terminated after we pay the death benefit.

Flexible death benefit settlement options

The Plan offers flexible death benefit settlement options to help you safeguard your family’s financial future. While the insured is alive, you can choose to pay the beneficiary the death benefit in the form of a lump sum, instalments, or even a mix of both, according to any one of the following options.

Option 1：	Lump sum payment.
Option 2⁵：	Death benefit will be paid at annual or monthly intervals over your selected payment term of 10, 20, 30, 40 or 50 years.
Option 3⁵：	A designated percentage of death benefit (which must be 5% or above) will be paid in a lump sum as the first instalment. After paying the first instalment, the remaining balance will be paid at annual or monthly intervals over your selected payment term of 10, 20, 30, 40 or 50 years.
Option 4⁵：	Death benefit will be paid at annual or monthly intervals over your selected payment term of 10, 20, 30, 40 or 50 years. After paying the instalments, a designated percentage of death benefit (which must be 5% or above) will be paid in a lump sum as the last instalment of death benefit.
Option 5⁵：	Death benefit will be paid at annual or monthly intervals over your selected payment term of 10, 20, 30, 40 or 50 years. The instalment amount will increase 5% annually until the total amount of death benefit has been paid.

Split your policy and pass it to your loved ones

You can distribute your wealth in the way you choose by exercising the hassle-free “policy split option”⁶, which allows you to divide your policy into multiple policies as you wish, whether you desire to pass your wealth to your next generation or prepare funds for your retirement. Starting from the 5^th policy anniversary, you may exercise the policy split option at any time to split the original policy into two or more new policies according to the designated percentages (i.e. split policies) to enjoy greater flexibility on wealth allocation.

Interim policyholder for a seamless wealth succession

Life is full of uncertainty. To ensure that your wealth will be passed on to the heir of your choice, the Plan features the “interim policyholder” option⁷. While the policy is in force and the insured is under age 18, you can appoint a designated interim policyholder. At the time when the policyholder dies while the policy is in force and the insured is still under age 18, the designated interim policyholder can submit application to us within 90 days after the death of the policyholder. We will then arrange him/her to become the interim policyholder and start administering the policy temporarily until the insured reaches age 18. Once the insured reaches age 18, we will arrange the insured to become the policyholder. In this way, you can rest assured that the policy will continue to be effective with the policy value keep growing for a seamless wealth succession. Interim policyholder is subject to terms and conditions and relevant administrative procedure.

Contingent policyholder to sustain insurance coverage

You can designate a contingent policyholder⁸ while the policy is in force. In the unfortunate event of the death of the policyholder, upon receipt of relevant application, we will arrange the contingent policyholder to be the new policyholder and continue to exercise the rights under the policy.

Flexibility in wealth planning

Incapacity benefit option

Should you become incapacitated and thus unable to file a claim, the Plan will offer you reliable support through the “incapacity benefit option”⁹. Starting from the 1^st policy anniversary, provided that the policyholder is the insured, you can appoint a designated person to access such benefit and choose a designated percentage for calculation of such benefit. You may also change the designated person and designated percentage from time to time.

In the unfortunate event that you are diagnosed with covered illness (i.e. Apallic syndrome or coma) or diagnosed as a mentally incapacitated person, upon receipt of application from the designated person, the Company will pay him/her the incapacity benefit option which is equal to:

Sum of guaranteed cash value, cash value of terminal dividend¹ (if any) and total amount of terminal dividend management account² (if any)
× designated percentage
─ all indebtedness (if any)

The designated person can get timely financial support to navigate the difficult times, without going through complicated legal proceedings.

Full surrender settlement option

Financial needs vary at different stages of life. You may exercise full policy surrender when needed and the Plan will provide a surrender value. You can choose to receive such payment¹² in a lump sum¹⁰ or by installments¹¹ to enjoy greater financial flexibility and cater to your specific needs.

For the instalment option, while the policy is in force, you can apply to exercise the “annuity conversion option” starting from the policy anniversary when the insured reaches age 65 and every policy anniversary thereafter to convert the guaranteed cash value, cash value of terminal dividend¹ (if any) and total amount of terminal dividend management account² (if any), less all indebtedness (if any) to annuity. Such application should be received by the Company 30 days before the relevant policy anniversary. The amount mentioned above will be transferred to the annuity conversion account and become total annuity amount. The annuity can be paid out by annual instalments over a payment term of 10 or 20 years, giving you a stable stream of retirement income.

Policy loan for emergency cash

While the policy is in force, you may apply for a policy loan¹³ to meet your liquidity needs.

24-hour worldwide emergency assistance service

If the insured is diagnosed with an illness or is injured in an accident outside the country of residence, he/she can access comprehensive coverage under the free 24-hour worldwide emergency assistance service¹⁴.

Noble Pride Life Insurance Plan

Issue age	15 days to age 70
Benefit term	To age 138 of the insured
Premium payment term	Single premium
Policy currency	USD
Minimum sum assured	USD500,000
Maximum sum assured	USD12,500,000

Notes:

Terminal dividend is a one-off dividend and is non-guaranteed. Amount of terminal dividend shown in proposal illustration is just an indicative figure. Declared terminal dividend is not perpetually attached to the policy. The cash value and face value of terminal dividend may be reduced or increased at subsequent declarations. The cash value of terminal dividend will be equal to or less than its face value. The cash value of terminal dividend (if any) is payable upon policy surrender or policy maturity while the face value of terminal dividend (if any) is payable upon the death of the insured. Its actual amount will only be determined when it becomes payable. The actual amount may be lower or higher than the projected figure. Under some circumstances, actual amount of terminal dividend may be zero. The amount of the terminal dividend is affected by various factors including but not limited to the performance of the underlying investments, so the amount is relatively volatile and will move up and down over time. China Life (Overseas) reserves the right to revise the terminal dividend from time to time. Past record is not necessarily indicative of future result. For more information, please refer to clause 4 and clause 5 under “Important information” and “Non-guaranteed benefit” risk of the product brochure of the Plan.
Starting from the 3^rd policy anniversary, upon the occurrence of the earliest of the following situation, the Company shall pay:
(a) the face value of terminal dividend (if any) when the Company pays the death benefit; or
(b) the cash value of terminal dividend (if any) when the policy is partially surrendered; or
(c) the cash value of terminal dividend (if any) when the Company pays the incapacity benefit option; or
(d) the cash value of terminal dividend (if any) when the policy is terminated for any reason other than the policy split option is exercised or the Company pays the death benefit; or
(e) the cash value of terminal dividend (if any) when the annuity conversion option is exercised; or
(f) the cash value of terminal dividend (if any) when the policy reaches the policy maturity date.
The amount of terminal dividend may be increased or decreased at the Company’s sole discretion when it is declared.
For application to exercise the “terminal dividend management option”, such application must be received by the Company within 30 days from the relevant policy anniversary (including the date of policy anniversary). The option will only be exercised provided that the application fulfills the application requirement and is confirmed by the Company. There is no limitation on the number of times of exercising this option when the policy is in force, but the policyholder can apply to exercise this option in writing only once for each policy year. The Company will process the exercise of this option only once for each written application. There must be no indebtedness in the policy during application to exercise this option. The amount of locked-in terminal dividend is guaranteed after the Company’s approval of the application. Once the application is approved by the Company, the locked-in terminal dividend which is applied to lock in will be transferred to the terminal dividend management account as soon as practicable. The locked-in terminal dividend will be deposited with the Company to accumulate interest (if any) and the interest (if any) will be accrued annually at a rate to be determined by the Company at its sole discretion from time to time. You can submit request to the Company to withdraw part or all of the locked-in terminal dividend and accumulated interest (if any) from terminal dividend management account in a lump sum without surrendering the policy. The withdrawal amount is subject to minimum requirement imposed by the Company from time to time.
The actual amount of the locked-in terminal dividend will only be determined after the application has been approved by the Company. The total amount of terminal dividend management account is equivalent to locked-in terminal dividend and accumulated interest (if any) less withdrawal amount (if any) from the terminal dividend management account. Upon the completion of transferring the terminal dividend to the terminal dividend management account by the Company as per application, the cash value and the face value of the announced terminal dividend (if any) of the relevant policy year and subsequent policy years will be adjusted proportionally. Locked-in terminal dividend will not be allowed to be reset or reversed to terminal dividend. For details, please refer to the policy provision.
The interest rate of the terminal dividend management account is not guaranteed. The actual benefits and/or returns may be lower or higher than estimates. China Life (Overseas) reserves the right to revise this from time to time. The prevailing accumulation interest rate of policy(ies) denominated in USD is 3.9% p.a.. The above accumulation interest rate is not applicable to annuity conversion option.

The designated death benefit percentage of the sum assured of the basic plan at the date of death of the insured is listed as follows:

The date of death of the insured	The designated death benefit percentage of the sum assured of the basic plan at the date of death of the insured
Before the 10^th policy anniversary	100%
Within the 11^th policy year	63.33%
Within the 12^th policy year	60.00%
Within the 13^th policy year	56.67%
Within the 14^th policy year	53.33%
Within the 15^th policy year	50.00%
Within the 16^th policy year	46.67%
Within the 17^th policy year	43.33%
Within the 18^th policy year	40.00%
Within the 19^th policy year	36.67%
Within the 20^th policy year and thereafter	33.33%

For the instalment option (i.e. options 2 to 5), starting from the payment date of the first instalment until the total amount of death benefit have been paid, interest (if any) will be accrued monthly on the remaining balance of death benefit at a rate to be determined by the Company at its sole discretion from time to time. The accumulated interest (if any) will be paid together with the last instalment of death benefit. If any of the beneficiary(ies) dies any time before the Company has fully paid the death benefit, the Company shall pay the remaining balance of the death benefit he/she is entitled to with accumulated interest (if any) in a lump sum payment to the personal representative for the estate of the deceased beneficiary(ies). In cases where any beneficiary(ies) survive the other beneficiary(ies), the settlement option of death benefit designated by the policyholder in relation to the surviving beneficiary(ies) shall remain in force and continue to apply by the Company to pay the death benefit to such surviving beneficiary(ies).The policy shall terminate when the death benefit is paid in full.
(i) If the total amount of death benefit at the date of death of the insured is less than USD50,000; or (ii) the annualized amount of instalment(s) of death benefit is less than USD2,500 (applicable to options 2 to 5); or (iii) the policyholder does not specify any settlement option; or (iv) any of the beneficiary(ies) of the policy is not a natural person; or (v) any policy assignment or change of policyholder, we will apply option 1 and pay out the benefit amount to the beneficiary in a lump sum.
There is no limitation on the number of split policies for exercising the “policy split option” while the policy is in force. For the policy year in which the policy split option is exercised under the policy, the policyholder cannot apply for policy split option for the split policy(ies) in the same policy year. Application for exercising the policy split option is subject to the following:
(i) the sum assured of each split policy must not be less than the minimum sum assured of the basic plan determined by the Company at the time;
(ii) the sum of split percentages of all split policies equals to 100%;
(iii) there is no indebtedness under the policy;
(iv) there is no claim pending for approval under the policy; and
(v) no change, cancellation, withdrawal or termination by the policyholder will be allowed once the application is submitted to the Company for exercising the policy split option.
Upon the Company’s approval of the application for exercising the policy split option, the following will apply:
(i) the policy split option will be effective provided that the application is approved by the Company with remarks duly signed by the Company’s authorized signatory(ies) or endorsements. The effective date of policy split option will be the date of the Company’s approval for such application (according to the Company’s records);
(ii) the policy will be terminated immediately and the split policies will take effect immediately when the policy split option is effective;
(iii) the policy year, policy date, policy effective date and the latest date of reinstatement (if any) of each split policy will be the same as the policy year, policy date, policy effective date and the latest date of reinstatement (if any) of the policy as of the policy split option effective date;
(iv) the policyholder, insured and beneficiary(ies) (with the respective designated percentage) of the split policies will be the same as the policyholder, insured and beneficiary(ies) (with the respective designated percentage) of the policy as of the policy split option effective date;
(v) the settlement option of death benefit and contingent policyholder of the split policies will be the same as the settlement option of death benefit and contingent policyholder of the policy as of the policy split option effective date;
(vi) cooling-off period will not be applicable to the split policies;
(vii) all rider(s) under the policy (if any) will be terminated immediately on the policy split option effective date;
(viii) the sum assured, guaranteed cash value and terminal dividend (if any) of the basic plan as of the policy split option effective date will be allocated to each split policy according to the corresponding split percentage;
(ix) the premium paid of the policy as of the policy split option effective date will be allocated to each split policy according to the corresponding split percentage;
(x) the total amount of terminal dividend management account (if any) of the basic plan as of the policy split option effective date will be allocated to each split policy according to the corresponding split percentage and interest (if any) will accrue annually on the total amount of terminal dividend management account (if any) of each split policy at a rate to be determined by the Company at its sole discretion from time to time;
(xi) similar terminal dividend management option will also be applicable to each split policy but if the terminal dividend management option has been exercised under the policy, the aggregate percentage of the declared terminal dividend designated by the policyholder in all applications under the policy will be included in the calculation for determining whether the maximum limit for the aggregate percentages of the declared terminal dividend designated by the policyholder in all applications for exercising the terminal dividend management option under each split policy will be exceeded;
(xii) similar policy split option will also be applicable to each split policy starting from the policy year immediately after the policy year in which the policy split option becomes effective; and
(xiii) unless otherwise specified above, all benefits, terms and conditions of each split policy will be the same as those of the policy.
When the Company receives the written application for “designated interim policyholder”, the relevant application is subject to the following: (a) the attained age of the insured is below age 18 at the time of application; (b) the designated interim policyholder is a natural person; (c) the attained age of the designated interim policyholder shall be age 18 or above at the time of application; (d) the Company is satisfied with the relationship between the designated interim policyholder and the current policyholder; and (e) the application for designated interim policyholder fulfills the related administrative rules and procedures of the Company. The designation of current designated interim policyholder shall be automatically terminated upon the occurrence of the earliest of the following situation: (a) any change of policyholder; (b) any designation of a new designated interim policyholder; (c) any appointment of a contingent policyholder; (d) the insured reaches the attained age of 18; (e) the designated interim policyholder predeceased the current policyholder; (f) any policy assignment; or (g) the policyholder has submitted a written notice to the Company to terminate the designation of the designated interim policyholder.
Upon the approval of the application for interim policyholder, any proceeds or benefit to be paid out from the policy will not be paid to the interim policyholder but accumulates in the policy. Subject to the Company’s related administrative rules and procedures, the interim policyholder shall only exercise the restricted rights and is not authorized to exercise any of the following non-exhaustive list of changes to the policy: (a) change of any concerned person(s) named under the policy, including but not limited to policyholder and beneficiary; (b) change in policy value, including but not limited to withdrawal of any policy deposit or any cash value, exercise of policy split option and applying for policy loan; (c) assignment of the policy; and (d) application to terminate and/or surrender the policy.
If the Company has not received application and related documents of designated interim policyholder within 90 days after the death of the current policyholder, such designation of the designated interim policyholder will be automatically revoked. Besides, the appointment of interim policyholder shall terminate automatically upon the earliest of: (a) the insured has reached the attained age of 18; (b) the interim policyholder dies before the insured reaches the attained age of 18; or (c) the interim policyholder submits written notice to the Company to decline to be or continue to be the interim policyholder.
When the Company receives the application for “contingent policyholder”, the application shall meet the following requirements:
(i) the contingent policyholder is a natural person;
(ii) the attained age of the contingent policyholder shall be age 18 or above at the time of application;
(iii) the Company is satisfied with the insurable interest between the contingent policyholder and the insured; and
(iv) the application fulfills the related administrative rules and procedure of the Company.
If the Company is unable to arrange that contingent policyholder to be the policyholder of the policy due to any reasons, the ownership of the policy will vest in the estate of the deceased policyholder. Once the Company arranges the transfer of ownership of the policy to the estate of the deceased policyholder, the contingent policyholder shall then cease to have any right or interest in respect of the policy under any circumstances.
The “incapacity benefit option” is only applicable and payable if all following conditions are met: (i) the policyholder has not created any will or enduring power of attorney over the policy; (ii) there is no guardian or committee appointed in respect of the policyholder under the Mental Health Ordinance over the policy or officer(s) of similar or alike functions appointed under similar laws in the place where the policy is issued; (iii) the policyholder is not adjudged bankrupt by the court of competent jurisdiction or no bankruptcy proceedings have been initiated against the policyholder; and (iv) the policy has not been assigned.
The incapacity benefit option is only payable once while the policy is in force. Once incapacity benefit option payment has been made under the policy, the incapacity benefit option will no longer be available to the policy and all policies which are split from the policy.
The designation of the designated person will be automatically revoked and any application of incapacity benefit option payment will be rejected in any of the following circumstances: (i) upon the death of insured or policyholder or approval by the Company on any change of policyholder of the policy; (ii) the Company has been notified or become aware that there is a guardian or committee appointed in respect of the policyholder under the Mental Health Ordinance over the policy or officer(s) of similar or alike functions as appointed under similar laws in the place where the policy is issued, or there is a committee or guardianship order taking effect; (iii) the Company is notified or become aware that the policyholder has created any will or appointed an attorney pursuant to an enduring power of attorney (as defined under the Enduring Power of Attorney Ordinance Cap 501 of the Laws of Hong Kong) covering the policy; (iv) the Company has reasonable doubt that the policyholder has been adjudged bankrupt by the court of competent jurisdiction or bankruptcy proceedings have been initiated against the policyholder; (v) the policy has been assigned; or (vi) the policyholder has submitted request or exercised any options of the policy which results in reduction of sum assured, including but not limited to policy split option and partial surrender unless such partial surrender has been made as a result of incapacity benefit option payment.
If any potential or actual dispute arises from the policy between the designated person and any other person with regards to the policy (including but not limited to the policyholder, the policyholder’s estate, guardian or committee of the estate of the policyholder, attorney, irrevocable beneficiary, beneficiary or assignee), the Company reserves the rights to withhold the payment of the incapacity benefit option until such dispute or matter is resolved to the Company’s satisfaction. If the Company has already paid the incapacity benefit option to the designated person, such payment shall not be cancelled or reversed, and the Company shall not be liable to the policyholder, the policyholder’s estate, guardian or committee of the estate of the policyholder, attorney, irrevocable beneficiary, beneficiary, assignee and/or any other person as a result of the payment made. Once the incapacity benefit option is paid, the Company will not be liable to any contention, claim, suit or dispute related to such payment. The Company reserves the right to require the designated person to forthwith fully indemnify the Company by returning the payment of the incapacity benefit option to the Company in the case that the Company faces any legal challenges against the Company in relation to the Company’s payment of the incapacity benefit option.
The Company reserves the right to revoke the designation of the designated person or withhold the payment of the incapacity benefit option at any time without prior notice if the nomination or change of the designated person or the payment of the incapacity benefit option appears to the Company to be in conflict with any applicable laws, regulations, court orders or its equivalent.
For the lump sum option, the policy will be terminated after the surrender value is paid in full.
For the installment option (i.e. exercising “annuity conversion option”), once the application for annuity conversion option is approved by the Company, the relevant amount will be transferred to the annuity conversion account as soon as practicable and will become total annuity amount, while the remaining policy deposit (if any) will be paid as a lump sum payment to the policyholder. The actual amount to be converted will only be determined after the application has been approved by the Company. No change, cancellation, withdrawal or termination will be allowed once policyholder submits the application for exercising the option. For the avoidance of doubt, total annuity amount cannot be restored or reversed to policy value.
After exercising the annuity conversion option and on the date of the Company approving such application, the Company shall only be responsible for the payment under such option and any other provision of the policy shall no longer be applicable. Interest (if any) will be accrued annually on annuity conversion account at a rate to be determined by the Company at its sole discretion from time to time starting from the date of the first annuity payment until the total annuity amount is fully paid. Accumulated interest (if any) will be paid together with the last annuity payment. At any time before the date of first annuity payment or during the annuity period, the policyholder can submit an application to the Company to withdraw in full (not partial) from the annuity conversion account together with accumulated interest (if any). In the event the policyholder (as the annuitant) is a natural person and dies during the annuity period, we will pay the total annuity amount together with accumulated interest (if any) in a lump sum to the personal representative for the estate of the deceased policyholder. The policy shall terminate when the surrender value is paid in full.
If the amount mentioned above is less than USD50,000, or you have not selected any settlement option, you will receive the relevant amount in a lump sum.
The amount you will receive for policy surrender may be less than the total amount of premiums paid regardless of the settlement option selected.
The policy loan rate is not guaranteed. Please contact China Life (Overseas) for further information.
24-hour worldwide emergency assistance service is provided by a third party service provider and is not part of the policy. China Life (Overseas) will not make any representation, warranty or undertaking with regards to the service quality and shall not be responsible for any matter arising out of or in connection with the services provided by the service provider. China Life (Overseas) reserves the right at its sole discretion, including but not limited to (a) change the scope of services; (b) change the service provider; and/or (c) cease to provide such services, without any prior notice.

Important Information

The above information is for reference only. The detailed terms, conditions and exclusions of the Plan are subject to the relevant policy contract.

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Disclaimer

Important Information:

The information above is for reference only. Please refer to the Policy documents for the complete definitions of the capitalised terms, as well as all the terms and conditions of this product. You are reminded to review all of the relevant product materials provided to you and to seek independent professional advice if necessary.

The Policy is underwritten by China Life Insurance (Overseas) Company Limited (“China Life (Overseas)” or "us / we / our"). China Life (Overseas) is responsible for the features, underwriting and benefit payments under the Policy. You should fully understand all of the risks involved in this product and consider whether this product is affordable and suitable to you before making your application.
China Life (Overseas) shall make the final decisions on the underwriting and claims. We shall rely on your submitted information to assess whether to accept or decline your application, and shall refund any Premium paid without interest for declined cases.
Exclusions - The Accidental Death Benefit under this Policy shall not cover any claims if the Insured is involved in any of the following activities or the consequences directly or indirectly caused by any of the following events occur in respect of the Insured: (a) war, act of hostility (whether war declared or not), civil war, revolution or any military actions; (b) rebellion, civil commotion, strike or activities of terrorism; (c) contamination resulting from nuclear weapons, ionizing radiation, nuclear fuel or waste produced from the combustion of nuclear fuel (the said nuclear combustion shall include any self-sustaining process of nuclear fission); (d) during war, act of hostility (whether war declared or not), any military actions or repression of rebellion, the Insured is engaging in or taking part in military services; (e) directly or indirectly caused by the Insured engaging in aviation, except as a passenger on an aircraft of a commercial airline on a scheduled route; (f) self-inflicted injuries or suicide (whether sane or not) by or attempted by the Insured (whether felony or not); (g) childbirth, pregnancy, miscarriage or abortion, even if it is accelerated or induced by an Accident ; (h) surgery operated on the Insured and induced by disease, infected disease or incident that is not caused by an Accident ; (i) taking of poison or inhaling poisonous gas or poisonous mist (whether voluntary or not); except Accidental inhaling by the Insured in a fire ; (j) the Insured as a professional athlete participating in sports or earning income or remuneration through the sports; (k) participating in hunting, mountaineering, motor racing, horse racing, ice-skiing, skiing, scuba-diving, parachuting, hang-gliding, boxing or any other competitions or performances; (l) while the Insured is on duty as a professional driver and is entering, driving, operating, servicing, riding in or departing from any land vehicle or conveyance outside the territorial limits of Hong Kong and Macau; (m) the Insured is assaulted or murdered during rebellion, civil commotion, strikes or when making an arrest while the Insured is employed as a full-time or part-time police officer or cadet officer, or is an officer or a member of the Correctional Services Department; or (n) the Insured is assaulted or murdered during rebellion, civil commotion or strikes while the Insured is employed as a fireman, or is on duty as a fireman and is engaging in firefighting or activities for protecting people and property in a fire.

In addition, the information stated in this product brochure is for reference only. Please refer to the General Provisions for the exact terms and conditions and limitations such as incontestability, suicide and fraud etc. or all exclusions.
Non-Payment of Premium / Automatic Premium Loan - You should pay Premium(s) on time according to the selected Premium payment schedule. If the due Premium remains unpaid upon the expiry of the Grace Period, an Automatic Premium Loan will be taken out against the Policy to settle the unpaid Premium automatically. All Policy Loans are interest-bearing and calculated at a rate (as stated on our corporate website www.chinalife.com.hk) to be declared by us from time to time. Interest accrued shall become a part of the Indebtedness. When the loan balance is equal to or exceeds the guaranteed Cash Value of the basic plan of the Policy, the Policy will be lapsed and you will lose the related insurance coverage and suffer a financial loss. Under these circumstances, the Surrender Value of the Policy will be deducted to repay the outstanding loan balance (including interest), and the remaining value will be refunded to you.
Dividend and/or Crediting Interest Philosophy - This 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 China Life (Overseas)’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. China Life (Overseas) will ensure a fair sharing of profits among different groups of policyholders and also between policyholders and China Life (Overseas). China Life (Overseas) 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. In addition, China Life (Overseas) will consider both past and future outlooks of all factors including but not limited to:
Claims – including the costs of providing death benefit as well as other benefits under the product(s).

Investment return – including the interest income, dividend income, outlook of interest rates and any changes in the market value of the product’s backing asset.

Expenses – including both direct expenses (e.g. commissions, underwriting, issue and premium collection expenses) and indirect expenses (e.g. general overhead expenses) related to the product.

Persistency – including policy lapse and partial surrender experience.

Note: The dividend or interest rate history is not an indicator of the future performance of this product.
Investment Philosophy, Policy and Strategy - China Life (Overseas) 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, China Life (Overseas) 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. China Life (Overseas) 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.

China Life (Overseas)’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%

Please refer to China Life (Overseas) Company’s website www.chinalife.com.hk/products/dividendandinvestment for dividend history, Dividend and/or Crediting Interest Philosophy, Investment Philosophy, Policy and Strategy, as well as the fulfillment ratio of China Life (Overseas).
Cooling-off Right - You have the right to cancel the Policy within the Cooling-off Period and obtain a refund of any Premiums paid by giving written notice to us provided that you have not made any claims under the Policy. Such notice must be signed by you and submitted to China Life (Overseas) at 22/F, CLI Building, 313 Hennessy Road, Wan Chai, Hong Kong within 21 days after the delivery of the Policy or issue of a Notice to you or your representative informing you that the Policy is available, whichever is earlier.

What are the key product risks?
Credit risk:	This product is a life insurance Policy issued by China Life (Overseas). Any Premium paid will become part of our assets and our financial strength will affect our ability to meet our contractual obligations to you under the Policy. Therefore this product is subject to our credit risk.
Early surrender risk:	The savings component of the Plan is subject to risks and possible losses. Should you surrender the Policy early, you may receive an amount considerably less than the total amount of Premiums paid.
Exchange rate and Currency risks:	Any Policy with foreign currencies involves risks, such as potential changes in political or economic conditions that may substantially affect the price or liquidity of a currency. The fluctuations in exchange rates may also cause financial losses to you during currency conversions. You should consider the potential currency and exchange rate risks before deciding which Policy currency you should take.
Inflation risk:	The cost of living in the future may be higher than expected due to the effects of inflation. Therefore, your current planned benefits and/or returns may be insufficient to meet your future needs even if we fulfill all of our contractual terms and obligations.
Liquidity and Withdrawal risk:	You are obliged to hold the Policy and pay the Premium for the designated period of time. If you terminate the Policy prior to the Policy Maturity Date, you will suffer a financial loss. In case you make partial withdrawals from the Policy, your account value, death benefit and other Policy values will be reduced, and you may need to pay the relevant handling fee or charges (if any).
Non-guaranteed Benefit:	This Plan consists of non-guaranteed benefits and/or returns. The actual amounts of benefits and/or returns in the future may be different from the benefits and/or returns which project on the product materials. The product materials are for illustrative purposes only.
Policy Termination:	The Policy will be terminated if (a) the Policy is lapsed or surrendered; or (b) the Company has paid the Policy Maturity Benefit; (c) the Company has paid the death benefit, (d) the due Premium has not been paid within 31 days after the Premium Due Date, and the Policy has no remaining guaranteed Cash Value, or (e) the Indebtedness of the Policy is equal to or exceeds the guaranteed Cash Value of the Policy.

Disclaimer:

The information and descriptions contained herein are not intended to be complete descriptions of all terms, exclusions and conditions applicable to the products and services, but are provided solely for general informational purposes. For complete details please refer to the actual policy or the relevant product or services agreement.

Asset type	Target Asset Mix (%)
Bonds and other fixed income instruments	50% to 90%
Equity-type investment and other investments	10% to 50%

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Noble Pride Life Insurance Plan

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Noble Pride Life Insurance Plan

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Enjoy guaranteed preferential interest rate of up to 4.5% p.a. for prepaid premium

Enjoy guaranteed preferential interest rate of up to 4% p.a. for prepaid premium

Enjoy up to 15% premium discount on the first year's premium

Enjoy a premium discount equivalent up to 30% of the first year’s premium

Enjoy additional premium discount equivalent to up to 2 months' premium for enrollment in designated savings + critical illness/medical insurance plans

Enjoy a premium discount equivalent up to 24% of the first year's premium for premium paid in annual mode

Enjoy guaranteed preferential interest rate of up to 4.5% p.a. for prepaid premium

Up to 7.55% premium discount

Up to a total discount equivalent to 10% of the first year’s premium

Enjoy 15% premium discount on the first year’s premium for prepaid premium

Enjoy a premium discount equivalent to 15% of the first year’s premium for premium paid in annual mode!

Enjoy guaranteed preferential interest rate of up to 4% p.a. for prepaid premium

Enjoy up to 15% premium discount on first year’s premium

Up to 15% premium discount on the first year’s premium

Guaranteed preferential interest rate of up to 4% p.a. for prepaid premium

Enjoy up to 10% premium discount on the first year’s premium

Enjoy 50% renewal premium discount

Enjoy up to 16% premium discount on the first year’s premium

8% premium discount on the first year’s premium

Enjoy 10% premium discount on the first year’s premium

Up to a total discount equivalent to 10% of the first year’s premium 　