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Smart 5 III Insurance Plan (the "Plan")
 
How to get steady returns on your capital? How to reap higher and higher returns every year?

Smart 5 III Insurance Plan provides a stable return by offering guaranteed dividends each year. To maximize your wealth potential, the dividends will increase annually. Smart 5 III Insurance Plan is an ideal choice for you.
 

3 Years – Principal plus return up to 105.8%
4 Years – Principal plus return up to 112.1%
5 Years – Principal plus return up to 118.8%

 
Speedy Return - Gain as early as 3rd Year
The Smart 5 III Insurance Plan ("The plan") is a 5 years plan with the rate of return1 on the policy value up to 105.8%, 112.1% and 118.8% for 3rd, 4th and 5th year respectively.
 
Annual Guaranteed Dividend with Flexible Withdrawal Option
You will receive a minimum guaranteed dividend annually (based on the percentage of Sum Assured):
The 1st year
2.88%
The 2nd year
3.08%
The 3rd year
3.38%
The 4th year
3.68%
The 5th year
4%

You may deposit the dividends in the policy account until maturity, or withdraw them in cash. If you accumulate the dividends in the policy account, you can enjoy the interest rate of 5.5%2 per annum.
 
No medical examination and enjoy 102% Life Protection
The plan provides you with a guaranteed cash return at maturity. Upon maturity, you can withdraw the maturity amount which helps you realize your dreams and enjoy life.

In the unfortunate event of death of the insured while the policy is in force, the beneficiary(ies) will receive a sum of the death benefit of 102% on the paid premium (prepay premium excluded), accumulated dividends with interest (if any), prepay premium balance (if any) and minus any indebtedness under the policy. Please refer to the policy for exact terms, conditions and exclusions of this benefit.

Remarks:
1. The rate of return equals to the expected surrender value divided by the accumulated premium paid (annual & prepay future premium)
2. The prevailing interest rate is not guaranteed and/or will be adjusted annually.

Two Payment Options
The plan provides two payment options namely, “Annual Premium” or “Annual & Prepay Future Premium”. You can choose the most suitable payment method based on your financial needs. The total premium under “Annual & Prepay Future Premium” will be less than the “Annual Premium”.
 
Illustration Example
The information in the following table is based on the details of the Insured assumed below:
Age: 40
Sex: Male
Sum Assured: HK$1,000,000
End of policy year Accumulated Premium Paid Accumulated Dividends with Interest Accrued* Guaranteed cash value Expected Surrender Value* Death Benefit#
A. Payment Method : Annual Premium (HKD)
1
508,130
28,800
427,000
455,800
547,093
2
1,016,260
61,184
940,000
1,001,184
1,097,769
3
1,016,260
98,349
960,000
1,058,349
1,134,934
4
1,016,260
140,558
980,000
1,120,558
1,177,144
5
1,016,260
188,289
1,000,000
1,188,289
1,224,874
B. Payment Method: Annual & Prepay Future Premium (HKD)
1
999,599
28,800
427,000
948,686
1,055,223
2
999,599
61,184
940,000
1,001,184
1,097,769
3
999,599
98,349
960,000
1,058,349
1,134,934
4
999,599
140,558
980,000
1,120,558
1,177,144
5
999,599
188,289
1,000,000
1,188,289
1,224,874
Remarks:
* The Expected Surrender Value includes guaranteed cash value and accumulated dividends with interest (if any). The dividends and interest are not guaranteed and subject to the whole performance of China Life Insurance (Overseas) Company Limited (“CLI (Overseas)”) participating business, including investment returns, operating expenses and claim experience, etc. Please refer to the Proposal for details. CLI (Overseas) reserves the right to revise the rate from time to time (except the minimum guaranteed dividends).
# Death benefit includes 102% of paid premium (prepay premium excluded), accumulated dividends with interest (if any), prepay premium balance (if any) and minus any indebtedness under the policy.

Enrolment Terms
Entry Age
From 15 days after Birth to aged 75
Currency
HKD or USD
Insurance Period
5 years
Premium Payment Term
2 years
Premium Payment Method
“Annual Premium” or “Annual & Prepay Future Premium”
Sum Assured
HKD40,000 to HK$20,000,000 or USD5,000 to USD2,500,000
The information provided herein is for reference only. Please refer to the insurance policy contract for the details of the provisions, benefit terms and exclusions applicable to the Plan. You are advised to seek professional advice before participating in any plan or purchasing any products.
1. To attain the guaranteed annual returns, customers must hold the policy until maturity. Should the customers terminate the policy before maturity and/ or withdraw part of the cash value, a substantial loss may be resulted and the amount received will be lower than the total premium paid.
2. The plan is an insurance product and not a bank deposit such that it is not protected by the Deposit Protection Scheme.
3. The Plan is underwritten by CLI (Overseas), the Insurer, which is responsible for all plan details, underwriting, protection and claim matters. Fubon Bank is an insurance agent authorized by CLI (Overseas).
 
Act Now!

You can simply call our Fubon Insurance Hotline at 2566 8181 (Press 2 > 3 > 0) during office hours* or visit any Fubon Bank branch to enroll at your convenience!

* Monday to Friday: 9am - 7pm; Saturday: 9am - 1pm (except Public Holidays).
 
Disclaimers:
1.
The above information is for reference only. Please refer to the actual policy of ‘Smart 5 III Insurance Plan’ (the “Plan”) for the exact terms, conditions and exclusions of the Plan.
2.
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 satisfied with the relevant 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 the relevant policy. A written notice signed by you together with the relevant policy must be received by China Life Insurance (Overseas) Company Limited within the cooling off period (that is, 21 days after the delivery of the relevant policy or issue of a Notice to you or your representative, whichever is the earlier). After the expiration of the cooling off period, if you cancel the relevant policy before the end of the term of policy as set out in the relevant policy document, the projected total cash value payable (if any) may be less than the total premiums you have paid.
3.
China Life Insurance (Overseas) Company Limited is the insurer of the Plan and is solely responsible for all plan details, underwriting, protection and claim matters under the Plan.
4.
The registered address of China Life Insurance (Overseas) Company Limited is 22/F, CLI Building, 313 Hennessey Road, Wan Chai, Hong Kong.
5.
The Plan is distributed by Fubon Bank.
6.
In case of any discrepancy between the English and Chinese versions, the Chinese version always prevails.