Partners with The GBA Healthcare Group to offer personalised and comprehensive health checks enhancing medical protection

HONG KONG SAR - Media OutReach Newswire - 1 August 2024 -Following the recent launch of its new brand, Chow Tai Fook Life Insurance Company Limited ("CTF Life") proudly presents its new Prime Treasure Savings Insurance Plan ("Prime Treasure") today. This innovative plan combines savings, wealth accumulation, succession planning and life insurance into one, allowing customers to manage their finances flexibly according to their personal needs, and secure a bright future for themselves and their loved ones. Continuously creating value beyond insurance, CTF Life has partnered with The GBA Healthcare Group ("GBAH"), a member of the Chow Tai Fook Enterprises Limited, to offer high-quality Hong Kong-style medical services in Mainland China for frequent travellers across the border. Jarita Kwan, Chief Product Officer of CTF Life, stated, "In the rapidly changing economic landscape, we recognise our customers' ambition to grow their wealth steadily. In response to this need, we are excited to introduce Prime Treasure, an innovative savings insurance plan as part of our new brand launch. This plan provides guaranteed cash value and non-guaranteed dividends, with a guaranteed breakeven period as short as 6 years, and a projected breakeven period of 4 years along with a variety of policy options. Customers can have the flexibility to withdraw the policy value regularly, thereby creating their own pension to flexibly prepare for retirement or wealth succession planning. This customer-centric approach empowers individuals to efficiently reach their financial goals while benefiting from top-notch savings protection." The outstanding features of the Prime Treasure include:

1. Guaranteed Breakeven Period as short as 6 Years² - the choice for steady wealth accumulation: With a single premium, customers can enjoy a guaranteed cash value of up to 80%²of the total premiums paid¹ upon policy issuance, a guaranteed breakeven²after 6 years, and a projected breakeven period as short as 4 years². Customers can also exercise the "Terminal Dividend Lock-In Options"³ to convert non-guaranteed terminal dividends into guaranteed annual dividends, allowing their wealth to steadily increase in value. Take a policy with a single premium of USD 300,000 as an example, in addition to achieving the projected breakeven² and guaranteed breakeven² on the 4^th and 6^th policy anniversary respectively, at the end of the 10^th, 15^th and 25^th policy anniversary, the total policy value⁴ of which can reach 150%, 200% and even more than 350% of the total premiums paid¹ respectively².
2. Policy Split Option: After the end of the 5^th policy year, customers can split the policy into two in each policy year by allocating a portion of the units of the existing policy to a separate one. The process involves splitting a policy into two, then two becomes four, and so on, allowing customers to fully utilise the asset allocation feature of the plan.
3. Dual Succession Options: After the 6^th policy monthly anniversary, customers may change the Insured for unlimited times⁵. The plan also offers the "Policy Continuation Option" ⁶ (i.e. the Beneficiary will become the new Owner (if applicable) and the new Insured upon the death of the Insured). The coverage period will be adjusted to the age of 128 of the new Insured, ensuring the policy to have sufficient time for wealth accumulation and can be passed to the next generations for an unlimited period of time.
4. Regular Cash Withdrawals creating your own passive income: With a single premium payment, customers may start withdrawing 5% of the total premiums paid¹annually from the 2^nd policy anniversary until policy maturity⁷, allowing them to plan for their retirement or wealth succession more flexibly and effectively.

To encourage customers to plan early for the future for themselves and their families, customers who apply for Prime Treasure during the promotion period can enjoy a 5% premium discount. With 5% premium discount, the regular withdrawal option will be enhanced to (1-1-5), allowing them to pay 1 (single) premium and then start withdrawing 5% of the net premium⁸ annually from their 1^st policy anniversary until policy maturity⁷. Cross-border services for all-round protection to our customers' health CTF Life has been keeping abreast of the market trend. Since announcing a strategic partnership with GBAH earlier this year, the two have expanded their collaboration to provide enhanced medical and healthcare services for customers who are enjoying their retirement life in the Greater Bay Area, or need to travel frequently between Hong Kong and Guangdong for work. Customers of designated plans can enjoy:

• Double Privileges of Personalised and Comprehensive Health Check Programme and First Year Premium Refund: Alongside Humansa and UMP, the newly added service...