HONG KONG SAR - Media OutReach - 21 December 2022 - Unpredictable accidents and illnesses may incur high medical expenses and loss of income during hospitalization. Hong Kong Life Insurance Limited ("Hong Kong Life") launches the Family Guardian Refundable Hospital Income Protection Plan ("The Plan") with Daily Hospital Income and Intensive Care Benefit to alleviate the financial burden of the customers in case of hospitalization. The Plan's first-in-market^# feature offers Family Daily Hospital Income Benefit, under which both the Life Insured and the Covered Family Member can enjoy the protection of hospitalization in a single policy. Customers are entitled to a premium refund equivalent to 100% of the Total Premiums Paid upon maturity. An extra 3% of Total Premiums Paid will be paid as No Claim Bonus if no claim has been made during the Benefit Term. Mr. Jonathan Ko, the Chief Marketing Officer of Hong Kong Life, said, "We understand that most customers are willing to strengthen their life and healthcare protection for both individual and family after the pandemic. Compared with most of the hospital income insurance plans in the market which mainly provide personal protection, Family Guardian Refundable Hospital Income Protection Plan is specially designed with family protection feature. The first-in-market^# Family Daily Hospital Income Benefit showcases the customer-centric philosophy of Hong Kong Life. Customer and his designated family member are covered with daily hospital income protection by one premium budget, providing peace-of-mind for unexpected hospitalization expenses in case of emergencies." Limited Time Offer of First Year Premium Discount From now until 30 June 2023, customers may enjoy 10% first year premium discount upon successful application of Family Guardian Refundable Hospital Income Protection Plan.Product Features of "Family Guardian Refundable Hospital Income Protection Plan":

• Daily Hospital Income for Flexible Use

If the Life Insured is confined in hospital due to Injury or Sickness while the Plan is in force and prior to the Maturity Date, the Daily Hospital Income Benefit¹ will be paid for each day of Hospital Confinement², with a maximum number of days of Hospital Confinement² up to 1,000 days per Disability.

• Intensive Care Benefit

If the Life Insured is confined in Intensive Care Unit due to Injury or Sickness while the Plan is in force and prior to the Maturity Date, in addition to the Daily Hospital Income Benefit, the Intensive Care Benefit¹ will be paid for each day of Hospital Confinement² only when the Daily Hospital Income Benefit is also payable for the same Disability, with a maximum number of days of Hospital Confinement² up to 90 days per Disability.

• 3 Classes of Daily Hospital Income

The Plan provides 3 classes of Daily Hospital Income for selection, i.e., HKD600, HKD1,000 and HKD1,500 in order to meet your need.

• 10-Year Protection with Premium Refund

The Plan offers 10 years of protection to the Life Insured. Also, the Plan provides premium refund. Maturity Benefit which is equal to 100% of Total Premiums Paid will be paid if the Life Insured is then alive on the Maturity Date. Provided that no death claim is made in the benefit term of the Plan, if you surrender the Policy prior to the Maturity Date, the Surrender Benefit will be paid to the Policyowner. The Surrender Benefit equals to a percentage of Total Premiums Paid for the Plan by referring to the Schedule of Surrender Benefit in "Benefit Coverage" at the time of surrender.

• No Claim Bonus

If the Life Insured is then alive on the Maturity Date, provided that no surrender and no claim has been made under Daily Hospital Income Benefit¹ (or Family Daily Hospital Income Benefit^1,3, where applicable), Intensive Care Benefit¹ or Surrender Benefit, an extra 3% of Total Premiums Paid will be paid as No Claim Bonus.

• Life Protection for Peace of Mind

Apart from Daily Hospital Income Benefit, the Plan also offers life protection. If the Life Insured dies while the Plan is in force and prior to the Maturity Date, the Guaranteed Death Benefit which is equal to 105% of Total Premiums Paid will be paid to the Beneficiary.

• Additional Protectionand Service to Meet the Needs of You and Your Family

First-in-Market^# Family Daily Hospital Income Benefit^1,3 The Plan specially offers Family Daily Hospital Income Benefit^1,3 to one of the Policyowner's spouse or children (except the Life Insured). No medical examination and health questions are required for the Covered Family Member. If the Covered Family Member is confined in hospital due to Injury or Sickness while the Plan is in force and prior to the Maturity Date, the Family Daily Hospital Income Benefit^1,3 will be paid to the Policyowner for each day of Hospital Confinement². Throughout the benefit term of the Plan, the maximum number of days of Hospital Confinement² for Family Daily Hospital Income Benefit^1,3 is 10 days. Second Medical Opinion from Overseas Expert Service...