Well Save Supreme Endowment Plan
Enjoy 1% premium discount for
single premium HK$1,000,000 or above
Guaranteed return up to 3.78% p.a.
Well Save Supreme Endowment Plan
Enjoy 1% premium discount for
single premium HK$1,000,000 or above
Guaranteed return up to 3.78% p.a.
Meet Your Needs
Guaranteed return to meet your saving target
Short premium payment period
Extra protection for your loved ones
The product information here does not contain the full terms of the policy and the full terms and conditions can be found in the policy document.
Features
Guaranteed return
You can get a guaranteed cash value at the maturity date in the 8th year.
| Return of guaranteed cash value per annum | Lump-sum Prepayment | Single Premium | Single Premium | 3-year premium payment |
|---|---|---|---|---|
| USD policy | 3.33% | 3.28% | ||
| RMB policy | 3.65% | 3.60% | ||
| HKD policy | 3.09% | 3.00% |
Choices of policy currency
You can choose either USD, RMB or HKD as policy currency.
Option of single premium payment
You can select either single premium for a guaranteed cash value at the maturity date. In case there is any change of your financial plan while the policy is in-force, you may surrender your policy for its surrender value. You can enjoy both wealth accumulation and flexibility with just one single policy.
Option of single premium or 3-year premium payment
You can select either single premium or three years’premiums for a guaranteed cash value at the maturity date. In case there is any change of your financial plan while the policy is in-force, you may surrender your policy for its surrender value. You can enjoy both wealth accumulation and flexibility with just one single policy.
Easy to apply, no health declaration
Applying via internet, you don't need to answer any health questions or go through any medical examination. Quick and easy!
Death benefit to protect your loved ones
In the unfortunate event, the beneficiary(ies) will receive a death benefit and refund of advance premium paid (if any) with no charges.
This product is a long term insurance plan underwritten by Well Link Life and is neither a bank deposit nor a bank savings plan.
Objectives and nature of the policy
Well Save Supreme Endowment Plan series are a series of 8-year non-participating insurance products offering guaranteed returns throughout the policy period, and at the same time providing you with life protection.
You will receive guaranteed cash value at time of surrender or on maturity date. Neither a bank deposit nor a bank savings account, this plan is an insurance product to help you accumulate wealth.
Well Save Supreme Endowment Plan series also offer Death Benefit equivalent to 102% total premium paid1 or the guaranteed cash value (whichever is higher) and refund of prepaid premium balance (if any) with no charges.
1 If life insured is covered by one or more policies under the Well Save Endowment Plan series (“Well Save Series”) including Well Save 5-Year Endowment Plan, Well Save Supreme Endowment Plan and/or Well Save Supreme Endowment Plan (Single Premium), the total amount of 102% total premium paid of all policies under Well Save Series for each life insured should not exceed 100% of total premium paid as at the date of life insured’s death plus USD12,500 / HKD100,000 / RMB100,000 (or the higher thereof in case of a combination of USD, HKD and RMB denominated policies).
Benefit period and premium payment period
Benefit period = 8 Years
Premium payment period = 3 Years
* You can choose to pay the three years' premiums in a lump-sum during application. The prepaid premium will be accumulated with the Company in the premium deposit account at a guaranteed interest rate of 3.7% per annum (for USD and HKD policies) and 4.0% (for RMB policies). The interest accrued will be credited to the Premium Deposit Account on policy anniversary. Annual premiums will be deducted automatically from the premium deposit account on each policy anniversary date when due during the premium payment period.
Important information
* This product is a non-participating policy * The premium payment term of the plan is three years. It is, therefore, important for you to reserve sufficient funds to pay all the premiums within the required premium payment period. If 3-year premium payment period is selected, it is important for you to reserve sufficient funds to pay all the premiums within the required premium payment period. * If a premium is still unpaid at the expiration of the Grace Period (31 days from the premium due date of premium), we have the right to treat the policy as surrendered effective from the date the unpaid premium was due. We will pay you the guaranteed cash value as at the premium due date less any indebtedness. Please note that once the policy is terminated on this basis, you will lose all of your other benefits.
Major product risks
Liquidity Risk You may choose to apply for a policy loan while the policy is in force. But this may reduce the Death Benefit. If you surrender the policy before the maturity, you may only receive the surrender benefit with all the indebtedness of the policy deducted which may be significantly less than the total amount of premiums paid.
Credit Risk Any premiums you paid would become part of our assets and so you will be exposed to our credit risk. Our financial strength may affect our ability to meet the ongoing obligations under the insurance policy.
Policy Currency Risk If the Plan you choose is denominated in currencies other than local currency, or, if you choose to pay premium or receive benefit in local currency other than the policy currency, the actual amount you paid or received will be subject to change according to the prevailing exchange rate to be determined by us from time to time between the policy currency and the local currency. The fluctuation in exchange rates may have impact on the amount of payments including but not limited to premium payments, levy payments and benefit payments.
Cooling-off Right
This right allows you to cancel this policy, obtain a refund of any premiums paid within the Cooling-off Period. The cancellation notice must be signed by you and received by us at our office address within 21 calendar days immediately after the earlier of the day of delivery of (i) the policy or (ii) the Cooling-off Notice to you. The Cooling-off Notice is a notice to be sent to you by us notifying you of the Cooling-off Period around the time of policy delivery
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or call our Customer Service Hotline:+852 2830 7500
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