HONG KONG SAR - Media OutReach - 7 September 2022 - Comprehensive protection provides customers and their family members with extra peace of mind against any unexpected events. Hong Kong Life innovates life insurance products by introducing "One Policy for Three Generations" to meet customers' family needs. Following the Family Fortune Savings Insurance Plan launched last year, Hong Kong Life's Family Care Dread Disease Protection Plan safeguards customers' family by offering Family Cancer Benefit to the Policyowner's parents, spouse, and children (Covered Family Members). To help customers embrace a healthier life journey, the Plan also takes care of health issues beyond dread diseases by providing ICU Benefit and Health Checkup Service, etc. Ms. Micky Cho, Chief Marketing Officer of Hong Kong Life, said: "Having a full protection for yourself and your family is an indispensable element of family planning. Following the Family Fortune Savings Insurance Plan launched last year, we continue to demonstrate the family protection approach by presenting Family Care Dread Disease Protection Plan to customers. The Plan extends the coverage to Policyowner's parent, spouse and children with Family Cancer Benefits which meets the health protection needs of customers and further safeguard their family members." Key Features of Family Care Dread Disease Protection Plan :

• Flexible Premium Payment Term¹ with Whole Life Protection

The Plan provides 2 choices of Premium Payment Term¹, i.e. 10 years¹ and 20 years¹, with whole life protection until age 100 of the Life Insured.

• Broad Cover for 118 Illnesses² without Worries

The Plan covers 60 Major Dread Diseases² and 46 Early Stage Dread Diseases², as well as 12 Severe Juvenile Diseases² to safeguard your health comprehensively. If the Life Insured is diagnosed with covered Dread Diseases, the Dread Disease Benefit of the Plan will be paid. For details of covered Dread Diseases and benefit, please refer to List of Covered Dread Disease and Dread Disease Benefit Schedule.

• ICU Benefit³ to Extend Protection

The Plan provides ICU Benefit³ which extends its coverage to health issues beyond dread diseases. If the Life Insured is required for a Qualified ICU Stay⁴ for a total of consecutive 3 days or more due to Sickness or Accident, a payment which is equal to 20% of Sum Assured, less Indebtedness (if any) will be paid as ICU Benefit³. Such benefit will only be paid once.

• Family Cancer Benefit⁵ for Extra Peace of Mind

The Plan specially offers Family Cancer Benefit⁵ to the Policyowner's parents, spouse and children (except the Life Insured). No medical examination and health questions are required for the Covered Family Members. If the parents, spouse or children is diagnosed with Cancer during the benefit term of the Family Cancer Benefit⁵, for each Covered Family Member, the Family Cancer Benefit⁵ of the Plan which is equal to up to 20% (applicable for 10 Years Premium Payment Term) or 40% (applicable for 20 Years Premium Payment Term) of Total Initial Annual Premium will be payable to the Policyowner. Family Cancer Benefit⁵ could be claimed a maximum of 4 times and in which a maximum of 1 time for each of the Covered Family Member, and limited to one payment for one spouse only. The policy value and coverage of the Life Insured will not be changed due to the claim of Family Cancer Benefit⁵.

Family Cancer Benefit5	Parents	Spouse	Children
Maximum no. of Covered Family Members	2	1	No Limit
Benefit Term*	Before age 85 of Parents/Spouse		Before age 18 of Children
Benefit Amount	Covered Family Members who are under age 66 on the date of endorsement: 20% (applicable for 10 Years Premium Payment Term) / 40% (applicable for 20 Years Premium Payment Term) of the Total Initial Annual Premium Covered Family Members who are at or above age 66 on the date of endorsement: 10% (applicable for 10 Years Premium Payment Term) / 20% (applicable for 20 Years Premium Payment Term) of the Total Initial Annual Premium (maximum of 4 times and in which a maximum of 1 time for each of the Covered Family Member, and limited to one payment for one spouse only)

*The Family Cancer Benefit for each Covered Family Member will be effective 2 years after (i) the endorsement date of such Covered Family Member or (ii) date of any reinstatement, whichever is later. Also, the Family Cancer Benefit⁵ provides conversion privilege to the Policyowner's children to suit their needs. Within 30 days of the Covered Family Member reaches age 18, if no Family Cancer Benefit⁵ has ever been paid for such Covered Family Member, such Covered Family Member may apply for a new permanent life plan as defined by Hong Kong Life from time to time for an amount up to 100% of Sum Assured of the Plan without further evidence of insurability, subject to the...