Nourish your Child with Comprehensive Protection. Why Not.
Fubon magi© Children Savings Plan |
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It is the desire for every
caring parent to provide with their children the best
education and to develop their potential. Fubon Bank has
specially designed Fubon magi©Children
Savings Plan for you and your children. With the comprehensive
Insurance Savings Plan and Children Savings Account, your
children will be assured to have a brilliant future. Comprehensive
Protection along your child growth! Why not? |
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| Fubon magi© Children Insurance Savings Plan* |
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| Quality education is one of the keys to success
in future. Fubon magi©Children Insurance
Savings Plan combines savings and life insurance to enable you
to accumulate sufficient education fund for your children and
at the same time to enjoy the benefit of life protection. |
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Sum assured ranging from USD10,000 to
USD200,000 |
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25% Guaranteed Cash Value will be payable
annually between the age of 18 to 21 as the child's education
fund |
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Additional 1% education bonus will be paid
upon insured's graduation from secondary school |
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Distribution of non-guaranteed annual policy
dividend which you may choose to take in cash at anytime
or accumulate with interest in the policy |
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Choice of a lump sum, 3-year or 10-year
payment period to meet your financial needs |
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For children aged from 0 to 13 (10-year
payment plan is only applicable to children aged 10 or
below) |
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100% sum assured will be paid in the event
of the insured child's death during the benefit period
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If the policy owner dies or suffers permanent
total disability as a result of accident or illness, the
premium for the remaining payment period(s) will be waived,
and the annual payment of Guaranteed Cash Value to the
child between 18 to 21 will be paid as scheduled. |
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| * Fubon magi©Children
Insurance Savings Plan is not a protected deposit and is not
protected by the Deposit Protection Scheme in Hong Kong. The
repayment of the magi©Children Savings
plan is not guaranteed by the Hong Kong SAR Government’s
Exchange Fund. |
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| magi© Children Savings Account |
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To
encourage your child to develop a good habit of saving, you
can open Fubon magi©Children
Savings Account for your child. Your child will have his/her
own banking account with specially designed passbook, which
is attractive and colorful. With different designs on every
page of the passbook, your child will easily develop a saving
habit.
Apart
from the colorful passbook, your child will have a customized
personal account card with his/her photo and name printed
on the card. The unique design shows the style of your child.
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| Fubon Credit Card "Saving Points" Plan
- Save with Your Young Ones |
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| To encourage guidance and participation from
parents, a "Saving Points" Plan is specially designed
for parents who are simultaneously holding Fubon Credit Card.
Through this plan, every 20,000 accumulated bonus points (HK$1
spent for 1 bonus point) earned for your daily spending on Fubon
Credit Card will be converted into HK$100 cash deposit and automatically
be credited to your child's Fubon magi©Children
Savings Account on a monthly basis. Those customers who are
not currently holding any Fubon
Credit Card can apply for one during account opening. |
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| Enroll Today for the Fruitful Future of your Children |
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Simply call our Fubon Customer Service Hotline at 2566 8181 (Press 2 > 3 > 0) or visit any Fubon Bank Branch during office hours^. All aiming to bring your child a brilliant future!
^ Monday to Friday: 9am - 7pm; Saturday: 9am - 1pm (except Public Holidays) |
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| Remarks: |
| Fubon Bank (Hong Kong) Limited is a member of
the Deposit Protection Scheme. Eligible deposits taken by this
Bank are protected by the Scheme up to a limit of HK$100,000
per depositor. The repayment of eligible deposits in excess
of the amount protected under the Deposit Protection Scheme
taken by Fubon Bank (Hong Kong) Limited is guaranteed by the
Hong Kong SAR Government's Exchange Fund, until the end of 2010. |
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| Notes: |
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Fubon magi©ChildrenSavings
Account is applicable for children aged 11 or below. Parents
are required to bring along the Birth Certificate of their
child upon account opening. Minimum account opening deposit
is HK$500. |
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Fubon magi©Children
Insurance Savings Plan must be enrolled by the child's
parent. |
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Fubon Bank (the "Bank") reserves
the right to amend the terms and conditions. In case of
dispute, the decision of the Bank is final and conclusive. |
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| Disclaimers: |
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The above information is for reference
only. Please refer to the Policy Provisions of ‘Fubon
magi©Children Insurance Savings Plan’
(“the Plan") for the terms and conditions. |
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Dividends paid are not guaranteed and
may change during the policy term. Dividends will be declared
annually and you may choose to withdraw them in cash or
leave them in the policy to earn interest. The payment
of dividends and their respective amounts under participating
policies issued by MetLife Limited is subject to a number
of factors, including (a) the performance of the investment
of the relevant assets of the relevant company, (b) operating
expenses of the relevant company, and (c) claims experience
of the relevant company in respect of such policies. Any
dividends declared in the future may be lower or higher
than the above quoted and past performance is not indicative
of future performance. |
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The Plan is an insurance plan with a savings element. Part of the premium pays for the insurance and related costs. If you are not happy with your policy, you have a right to cancel it within the Cooling-off Period and obtain a refund of any premiums paid provided that you have not made any claim under this policy. A written notice signed by you together with the policy must be received by MetLife Limited at its Hong Kong office within the Cooling-off Period (that is, 21 days after the delivery of the policy or the issue of a Notice informing you/your representative about the availability of the policy and the expiry date of the Cooling-off Period, whichever is earlier). After the expiration of the Cooling-off Period, if you cancel the policy before the end of the term of policy as set out in the policy document, the projected total cash value payable (if any) may be less than the total premiums you have paid. |
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MetLife Limited is the insurance underwriter
of the Plan and is solely responsible for all Plan features,
policy approval, coverage and benefit payment. MetLife
Limited is a wholly-owned subsidiary of MetLife, Inc.
in Hong Kong and operates under the "MetLife"
brand. |
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The Plan is distributed by Fubon Bank |
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In case of any discrepancy between the
English and Chinese versions, the English version shall
always prevail. |
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