During the Promotion Period, you can enjoy a limited-time premium discount on Easy WealthPlus Endowment Plan 2¹ by applying on PAObank App, with a post-discount guaranteed return of up to 4.3% p.a.². The customers who successfully apply for the plan can receive up to HKD400 supermarket coupon. The Offer is subject to a limited quota on a first-come-first-serve basis.
| Prepay option | Annual payment (2 years) | |
|---|---|---|
| First-year Premium discount | 15% | 7% |
| Guaranteed maturity return | 4.30% p.a. | 4.01% p.a. |
| First-year Premium before discount (USD) | Total premium before discount (USD) | Total premium after discount (USD)* | Total premium after discount (USD)* | Eligible supermarket coupon (HKD) | Quota |
|---|---|---|---|---|---|
| 7,500 - 12,499 | 15,000 – 24,998 | 13,875 – 23,123 | 14,475 – 24,123 | 100 | 100 |
| 12,500 - 19,999 | 25,000 – 39,998 | 23,125 – 36,998 | 24,125 – 38,598 | 200 | |
| 20,000 -25,000 | 40,000 - 50,000 | 37,000 – 46,250 | 38,600 - 48,250 | 400 |
*Premium after discount is rounded to the nearest integer.
The above offer is subject to the PAObank insurance services limited time rewards Terms and Conditions .
Notes :
1.This Plan is Easy WealthPlus Endowment Plan 2 . It is offered for a limited period and on a limited quota basis, and its availability is at the discretion of FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) (“FWD”). FWD reserves the right to decline applications for this Plan with a full refund of any premium paid and any insurance levy paid without interest.
2. Easy WealthPlus Endowment Plan 2 offers a guaranteed return up to 3.51% p.a. From now till 31 March 2025, the 8-year guaranteed return will be 4.30% p.a. after enjoying the additional first year 15% premium discount if you choose to pay your premiums by prepay option (paying a lump sum with 1st year premium and a prepayment amount for the 2nd year premium upon policy application), which is equivalent to 140% of the total premium amount paid.
1.This Plan is Easy WealthPlus Endowment Plan 2 . It is offered for a limited period and on a limited quota basis, and its availability is at the discretion of FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) (“FWD”). FWD reserves the right to decline applications for this Plan with a full refund of any premium paid and any insurance levy paid without interest.
2. Easy WealthPlus Endowment Plan 2 offers a guaranteed return up to 3.51% p.a. From now till 31 March 2025, the 8-year guaranteed return will be 4.30% p.a. after enjoying the additional first year 15% premium discount if you choose to pay your premiums by prepay option (paying a lump sum with 1st year premium and a prepayment amount for the 2nd year premium upon policy application), which is equivalent to 140% of the total premium amount paid.
Life insurance products important notes and disclaimers
- PAO Bank Limited (Insurance Intermediary License No: [GA1067]) (“PAObank”) is the appointed insurance agency of FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life"), to distribute life insurance products in the Hong Kong Special Administrative Region.
- Relevant life insurance products are the products of the insurance companies but not PAObank. The above life insurance products are issued and underwritten by FWD Life. Each Life Insurance plan is a long term insurance plan with a savings element, and is neither a bank deposit nor a bank savings plan with free life insurance coverage. Part of the premium pays for the insurance and related costs. The premium paid is not a placement of a savings deposit with the bank and hence is not protected by the Deposit Protection Scheme in Hong Kong. FWD Life reserves the right to decide at its sole discretion to accept or decline any application for life insurance product according to the information provided by the proposed Insured and the customer at the time of application.
- PAObank's role is limited to distributing insurance products of FWD Life only and PAObank shall not be responsible for any matters in relation to the provision of the products and shall not be liable regarding all disputes arising from or in connection with the terms and conditions of the products.
- PAObank will not render you any legal, accounting or tax advice. You are advised to check with your own professional advisor for advice relevant to your circumstances.
- Add-on plan (if any) is an add-on coverage for this insurance plan with additional premium paid required. PAObank does not distribute any add-on plan; therefore, you cannot apply the add-on plan through PAObank. If needed, you can contact FWD Life Customer Service Centre for inquiry after the policy is issued by FWD Life.
- In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between PAObank and the customer out of the selling process or processing of the related transaction, PAObank is required to enter into a Financial Dispute Resolution Scheme process with the customer. However, any dispute over the contractual terms of the life insurance product should be resolved between FWD Life and the customer directly. Relevant product materials and information are intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) for reference only, and 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 insurance product in or outside Hong Kong.
- Claims under this insurance plan must be made by you to FWD Life directly. You can get the appropriate claim form by calling FWD Life Customer Service Hotline (852) [3123 3123] in Hong Kong or visiting www.fwd.com.hk or any FWD Life Customer Service Centre. For details, please refer to the policy contract provided by FWD Life.
- The information you disclosed in response to all FWD Life’s questions must be true, complete and correct. Failure to disclose true, complete and correct information to FWD Life may render FWD Life unable to accept or process your application or the policy void.
- You are reminded to carefully review the relevant product materials provided to you and be advised to seek professional / independent advice when considered necessary.
- For the benefits and returns mentioned throughout the product brochure and Important Notes, please note that the policy owner is subject to the credit risk of FWD Life. If the policy owner discontinues and / or surrenders this policy in early policy years, the amount of benefits he / she will get back may be considerably less than the total premiums he / she has paid. Any projected and / or potential benefits with non-guaranteed returns (e.g. annual dividends, terminal dividend, interests) presented in the product brochure are not guaranteed and are for illustrative purposes only. The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.
- Apart from the key product risks mentioned in product brochure, you are also reminded of the following risks, including but not limited to:
- Liquidity risk – this insurance plan is designed to be held long term. You should only apply for this insurance plan if you intend to pay the premium for the whole of the premium payment term. If you fail to pay the premium for the whole of the premium payment term, this will cause the policy to lapse or to be terminated earlier than the original policy term, and the total surrender value (if any) that get back by you may be less than the total premiums paid.
- Risk from surrender – if you cancel the policy before the end of the policy term, you may suffer a significant loss, and the total surrender value received may be substantially less than the total premiums paid.
- Non-guaranteed dividend scale (if applicable) – non-guaranteed benefits are based on the dividend scale of FWD Life determined under current assumed investment return. The actual amount payable may change anytime with the values being higher or lower than those being projected. In other words, a change in the current assumed investment return will affect the annual dividend and terminal dividend you will receive. Under some circumstances, the non-guaranteed benefits may be zero.
- Pursuant to the Insurance (Levy) Regulation (Cap. 41I) and the Insurance (Levy) Order (Cap. 41J) under the Insurance Ordinance (Cap. 41), the Insurance Authority (“IA”) collects levies for insurance premiums from policyholders with effect from 1 January 2018. For further details, please visit the website of IA. For the latest information about the IA, please visit https://www.ia.org.hk. For the latest information about The Insurance Complaints Bureau, please visit https://www.icb.org.hk.
- The above does not contain the full terms and conditions of the relevant insurance policy. For details of the main policy benefits, protection of rights and interests, full version of terms & conditions, exclusions and risk disclosures, please refer to the PAObank App product page, the relevant product brochure and policy provisions.