Promise Family Protector

 Life protection providing peace of mind to your loved ones

Death benefit

If the insured unfortunately passes away while the policy is in force, we will pay the beneficiary a death benefit which is equal to 100% of the sum assured, plus non-guaranteed terminal dividend¹ (if any), and less all the indebtedness (if any).

The policy will be terminated after we pay the death benefit.

Accidental death benefit

While the policy is in force, and prior to the policy anniversary that the insured reaches age 66 and within the first 10 policy years from the policy effective date, if the insured suffers an injury caused by an accident, and dies from such injury within 180 days (both dates inclusive) from the date of such occurrence, the Plan will pay the beneficiary an extra accidental death benefit which is equal to the lower of:

1）100% of the accumulated premium due and paid; or

2) HKD500,000 / USD62,500.

The total amount of accidental death benefit payable under all policies underwritten by the Company shall not exceed HKD1,000,000 / USD125,000, or equivalent amount in other currencies for the same insured.

Death benefit and accidental death benefit settlement option

While the insured is alive, you can choose how the death benefit and accidental death benefit (if any) are to be paid, as long as the settlement options of both benefits are the same. You can choose to settle the benefits in a lump sum or by instalments with a fixed amount annually over a fixed payment term of 10 or 20 years, helping you to safeguard your family’s financial future.

For the instalment option, the remaining balance of death benefit and accidental death benefit (if any) will be deposited in the policy to accumulate interest until the end of the payment term. The interest will be calculated on an annual basis and it is non-guaranteed which will be determined by us from time to time. The accumulated interest (if any) will be paid together with the last instalment of death benefit and accidental death benefit (if any). If the beneficiary dies during the settlement period of the death benefit and accidental death benefit (if any), we will pay the remaining balance of the death benefit and accidental death benefit (if any) with interest (if any) in a lump sum payment to the estate of the deceased beneficiary.

If the amount of death benefit at the date of the insured’s death is less than HKD400,000 / USD50,000, or the policyholder does not specify any settlement option, we will pay out the benefit amount to the beneficiary in a lump sum.

 Premium waiver for continuous protection

If the parent of an insured below age 18 or the spouse of an adult insured have been the policyholder or beneficiary of the Plan for ² consecutive years, and unfortunately passes away during the premium payment term, we will waive the undue premiums of the Plan, continue to care for your family members, so that they can continue to enjoy protection. Eligibility for the “parental premium waiver benefit”² or “spousal premium waiver benefit” ² will only be effective if the insured’s parent or spouse is below age 50 on the policy effective date.

In case there is a change in your family status, you can reassign the insured’s parent or spouse who is below age 50 as the policyholder or beneficiary, “parental premium waiver benefit” or “spousal premium waiver benefit” will become effective again after 2 years from the effective date of the change.

 Combine savings elements to offering potential returns

“Promise Family Protector” is a participating plan, offering you comprehensive coverage and maturity benefit upon policy maturity, which is equivalent to guaranteed cash value and non-guaranteed terminal dividend¹ (if any), less all indebtedness (if any), so that you can also enjoy potential wealth accumulation.

 Multiple premium payment options

You can choose a premium payment term of 5 years, 10 years, 15 years or 20 years³, or even annual and premium prepayment⁴, as well as a policy currency in HKD or USD, giving you financial flexibility. Moreover, the premium remains fixed throughout the premium payment term, easing your financial planning.

 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 will access comprehensive coverage under the free 24-hour worldwide emergency assistance service⁵.

 Optional riders to meet your needs

InIn addition, you can choose to attach riders to the Plan, including medical, critical illness and accident, etc to further enhance the protection for your family and yourself.