Glamorous Glow Global Whole Life Insurance Plan
Upgraded to 8 choices of policy currencies to support the Currency Exchange Option1 for your needs to capture global opportunities
Policy Split Option2 for your financial needs in different life stages
Provides Change of Insured Option3 for your needs on legacy planning
Provides Survivorship Option4
Potential returns help you to grow your assets
Enjoy up to 6% guaranteed interest rate5 per annum on prepaid premiums
Optional Protection
Supplementary Benefits
1.The Policy Owner may apply for changing the policy currency within the designated period, by exchanging the policy for a plan under the same series offered by BOC Life, subject to the prevailing conditions of BOC Life. The terms of the policy will be revised to follow all benefits, options and other policy terms as provided by such new plan, which may be significantly different from the Basic Plan of the original policy, include but are not limited to product features, policy value, and supplementary benefits (if any). The Notional Amount, guaranteed and non-guaranteed policy value, future premium(s) due and payable (if any) and interest rate for the dividend accumulations (if any) may be affected by your exercise of the Currency Exchange Option. Policy Owner should evaluate in detail for the differences between the offerings of the original plan and the plan available for currency exchange at that time, and consider whether the relevant product meets his/her own individual needs. Please pay attention that foreign currency exchange rates may fluctuate, it may result in losses if the Policy Owner changes the policy currency. Please refer to the section of “Currency Exchange Option” and “Exchange Rate and Currency Risk” ad the relevant remarks in the product brochure for details.
2.Policy Owner may make an application for split within the designated period, subject to the prevailing conditions of BOC Life. Upon BOC Life’s approval, certain policy values of the original policy will be transferred to the Split Policy and the Notional Amount of the original policy will be reduced. Apart from the cash value (guaranteed and non-guaranteed) and Notional amount, the Total Premiums Paid and protections will be adjusted accordingly. Any dividend accumulations of the original policy will be split according to the respective new Notional Amounts of the original policy after split and the Split Policy. All terms and conditions of the Split Policy will follow the original policy. Nevertheless, the Accidental ICU Benefit may not be applicable to the Split Policy. The Policy Date and Policy Issue Date of the Split Policy will be the same as the original policy. Time shall not run afresh in respect of the computation of Policy Years, and the operation of Incontestability clause and Suicide clause of the Split Policy. There is no cooling off period for the Split Policy. Please refer to the section of “Policy Split Option” and the relevant remarks for details.
3.Change of Insured is subject to underwriting and administration rules of BOC Life. Various terms of the policy will be revised upon the approval of the application. Please refer to the section of “Change of Insured Option” and the relevant remarks in the product brochure for details.
4.Survivorship Option shall only be exercised subject to the conditions to be imposed by BOC Life and must be approved and endorsed by BOC Life in writing prior to the death of the Insured. Please refer to the section of “Survivorship Option” and the relevant remarks in the product brochure for details.
5.Premium Deposit Account is only applicable to the policy with designated premium payment term and the policy with annual premium payment mode. The regular premiums and Levy (if any) for the Basic Plan and supplementary benefits (if applicable) must be made in lump sum upon application whereas further prepayment of premium will not be accepted thereafter. Annual premiums and Levy (if any) will be deducted automatically from the Premium Deposit Account on each Policy Anniversary when due. The Premium Deposit Account balance of Basic Plan (if any) is accumulated with BOC Life at a guaranteed accumulation interest rate of 3% (applicable to policy currency in RMB), 6% (applicable to policy currency in HKD and USD), 3.5% (applicable to policy currency in AUD), 3.25% (applicable to policy currency in CAD and GBP), 1.75% (applicable to policy currency in EUR) and 2.5% (applicable to policy currency in SGD) per annum. Please refer to the product brochure and proposal for details.
The above material is for reference only and must be read in conjunction with the product brochure / coverage details and is intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of BOC Life outside Hong Kong. The above Plan and the supplementary riders (if any) are subject to the formal policy documents and provisions issued by BOC Life. Please refer to the policy documents and provisions issued by BOC Life for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, policy costs and fees) of the Plan and the supplementary riders (if any).
