Splendid Harvest Income Plan

In addition to the guaranteed cash payment, the Plan provides you with guaranteed cash value once the policy is in force. It helps you meet different needs in life or assist your family to face any sudden changes. At maturity, the guaranteed cash value equivalent to 100%⁶ of total premium and any accumulated guaranteed cash payment and interest (if any) will be payable as maturity benefit. You will receive monthly guaranteed income as well as realise capital preservation.

You can choose to prepay your 2^nd year premium at the time of policy application⁸. The prepaid premium will be accumulated at a guaranteed annual interest rate of 5.15% p.a.. Thus, you are only required to pay the net premium after deducting the guaranteed interest which helps you save money.

Premium payment term of the Plan is just 2 years. The premium is guaranteed to remain unchanged once it is determined, facilitating better financial planning for your future.

In addition to the savings returns, the Plan provides life insurance as comprehensive protection for your loved ones and your family. You may change the insured⁹ according to your plan after the premium payment term and during lifetime of the initial insured. After the life insured has been changed, the policy will continue to be in force and bring you monthly guaranteed cash payment until end of the benefit term, to help you build your legacy and making it a meaningful gift for your future generations.

In the unfortunate event of the death of the insured, the designated beneficiary will receive the death benefit according to the following calculations:

1) The higher of the following:

－Guaranteed cash value on the date of death; or

－100% of total due and paid premium on the date of death; and extra 5% of total due and paid premium (the upper limit of the extra 5% of total due and paid premium will be USD 125,000 per insured, irrespective of the number of Splendid Harvest Income Plan policies issued on the life of the insured), less all guaranteed cash payments paid (whether accumulated or withdrawn); plus

2) Accumulated guaranteed cash payments² and interest⁵ (if any); and

Less any indebtedness of the policy.

Instead of a lump-sum payment of death benefit, you may choose a monthly instalment with fixed amount¹⁰ for settling the death benefit to your designated beneficiary, so you are in control of the future financial arrangement for the loved ones and family.

If you choose to settle death benefit by monthly instalment with fixed amount, the premium payment term must be completed and the death benefit amount must equal USD 125,000 or above. The monthly instalment amount is determined by a percentage of the death benefit while the minimum total monthly amount is 1% of the death benefit. The unpaid balance of the death benefit will accumulate at an interest rate to enhance the potential growth for your loved ones.

No health declaration and medical underwriting are required for the application of the Plan. You could instantly kick start your savings plan.