Savvy Life Lady Protection Plan

 Critical illness benefit

The Plan covers 63 critical illnesses including cancer and stroke. If the insured is diagnosed with any of the covered critical illnesses, an amount equal to 100% of the current sum assured (i.e. any adjustment of the sum assured is reflected and the claim payment (if any) made under the Plan and its rider (if any) is reduced) will be provided. The Plan will be terminated thereafter.

Please refer to the policy documents for the definition of the covered critical illnesses.

 Female disease benefit

The Plan provides you with a variety of coverage to suit your needs at different life stages. If the insured is diagnosed as suffering from the below carcinoma-in-situ, lupus nephritis or complications of pregnancy; or the fetus or infant of the insured is diagnosed with the below death of fetus and infant or congenital anomalies of infant, the Plan will provide female disease benefit, which is equivalent to 20% of the current sum assured. The female disease benefit is subject to a maximum amount of HKD240,000/USD30,000 for each insured.

Meanwhile, if the insured is covered under the Plan and its rider(s) and same plans underwritten by China Life (Overseas), the total claim payments payable for the female disease benefit will also be subject to this maximum limit. Female disease benefit will be terminated once the accumulated benefit payout(s) reaches this maximum limit.

For the waiting period and definition of the above benefits, please refer to the policy documents.

If the female disease benefit is paid for carcinoma-in-situ and lupus nephritis, the sum assured of the Plan will be reduced after the claim is paid. For the female disease benefit paid for complications of pregnancy, death of fetus and infant or congenital anomalies of infant, the sum assured of the Plan will remain unchanged after the claim is paid.

 Long-term savings and protection in one plan

(1) Cash coupons and non-guaranteed dividends¹
On the 9th and 18th policy anniversary, you will receive cash coupons equivalent to 10% of the current sum assured to spend as you wish. In addition, you will receive a non-guaranteed dividend¹ (if any) at every policy anniversary while the policy is in force. You can opt to leave the cash coupons and/or non-guaranteed dividends (if any) in the policy to earn interest¹ until policy maturity, or withdraw² them or use them to pay future premiums (if applicable).

(2) Maturity benefit
With just 18 years of premium payment, you will enjoy protection until age 100 of the insured. At policy maturity, you will receive a maturity benefit which is equal to 100% of the current sum assured, plus the accumulated cash coupons and interest¹ (if any) and accumulated non-guaranteed dividends (if any) and interest¹ (if any), and less all indebtedness (if any). The Plan will be terminated thereafter.

(3) Life protection
If the insured passes away while the policy is in force, the beneficiary will receive a death benefit which is equal to 100% of the current sum assured, plus the accumulated cash coupons and interest¹ (if any) and accumulated non-guaranteed dividends (if any) and interest¹ (if any), and less all indebtedness (if any).

 Other benefits

(1) Newborn infant bonus³
New baby brings joys to our lives. To celebrate the birth of your children, the Plan will provide a newborn infant bonus equal to 1.5% and 0.5% of the current sum assured on the respective birth of the insured’s first and second child.

(2) Female medical check-ups benefit⁴
Starting from the 3rd policy anniversary, the insured will be entitled to a biennial female medical check-up free of charge.

(3) Inflation indexation option
For better protection against inflation, the sum assured of the Plan may increase annually for up to 15 times before the insured attains his/her 60th birthday at an annual indexation rate determined by China Life (Overseas) where evidence of insurability is not required. Upon the increase of the sum assured, the premium, cash value and cash coupon(s) will be calculated with reference to the latest sum assured. The cumulative addition to the sum assured cannot exceed the initial sum assured. In addition, this option will be terminated if you do not exercise it for 2 consecutive years.

(4) Waiver of premium benefit rider
Before the insured attains his/her 60th birthday, if the insured is totally and permanently disabled⁵, and thus is unable to work for 180 days or more as a result of sickness or accident, the premiums undue of the Plan will be waived while the policy remains effective.


(5) 24-hour worldwide emergency assistance service⁴
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 service.


(6) Additional protection
To boost your protection, you may enroll in designated rider(s), such as accident, hospitalization and term life insurance, to fit your personal needs.