Important Note:
(Applicable to Forever Glorious ULife Plan II)
# You have an option to purchase the Plan as a standalone life insurance plan with terminal illness coverage, instead of bundling with other type(s) of insurance product.
The product information does not contain the full terms of the policy and the full terms can be found in the policy documents.
(Applicable to CoverU Whole Life Insurance Plan)
1. Death Benefit is equivalent to the Sum Insured as at the date of the Insured’s death, plus Additional Death Benefit (if applicable), plus Accumulated Annual Dividends (non-guaranteed) (if any) and interest accrued thereon (non-guaranteed) (if any), plus Terminal Dividend (non-guaranteed) (if any), less all indebtedness and outstanding premiums (if any) under the policy.
2. This Plan is an eligible life insurance plan under PRMP, but it does not necessarily mean that your PRMP application will be approved. The eligibility of this product under the PRMP is based on the features of the product. Therefore, you and your life insurance policy are still required to meet all the eligibility requirements under PRMP before you apply for the policy reverse mortgage loan. The general information provided on PRMP is for reference only, and you should not make any decisions based on such information alone. BOC Life shall not be responsible for the policyowner’s suitability and eligibility to apply for policy reverse mortgage. You should always seek for advice from professional bodies if you have any doubts. Please note that the information provided is subject to change including the eligibility criteria for PRMP. We do not take any responsibility to inform you about any changes and how they may affect you. The Policy Reverse Mortgage Programme is operated by HKMC Insurance Limited, a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited. For further information, please refer to The Hong Kong Mortgage Corporation Limited website: www.hkmc.com.hk.
Life insurance products are underwritten by BOC Group Life Assurance Company Limited (“BOC Life”), Orix Asia Insurance Services is the appointed insurance agency of BOC Life for distribution of the life insurance products. The product information provided above is for reference only, please refer to the policy documents and provisions for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, policy costs and fees) of the Plan(s). In case of any discrepancy between the English and Chinese versions, the English version shall prevail in any case.