Global Power Multi-Currency Plan 3
Customers successfully apply between now and 31st December, 2024:
- 5-year/10-year premium payment term – Enjoy up to 25%# premium refund*
- 3-year premium payment term (limited offer) – Enjoy up to 11% premium refund*
- One-time premium payment – Enjoy up to 7% premium discount*
*Terms and conditions apply. Please download and refer to the promotion leaflet for details.
#Successfully apply between now and 30th September, 2024 to enjoy up to extra 3% premium refund^ (if same policyholder successfully applies for Specified Insurance Plan## during the promotion period and that the Specified Insurance Plan## policy is issued on or before 30th November, 2024.)
^The Extra Offer will only be applicable to the Global Power Multi-Currency Plan 3 (5-year/10-year premium payment term) and will not apply to the Specified Insurance Plan## policy.
##Specified Insurance Plan refers to:
- On Your Side Plan▼ series (includes On Your Side Plan, On Your Side Plan – First Gift and On Your Side Plan (with AIA Vitality))
▼Can only be purchased through The Bank of East Asia, Limited (“BEA”) as a basic plan.
Plan Highlights
- Up to 9 policy currency options at inception for diversified planning
Global Power Multi-Currency Plan 3 is a participating whole-life insurance plan under the Global Power Series. It covers the entire lifespan of the insured (who is being protected under the policy). You can select from up to 9 currencies for your policy at inception, which include Renminbi (RMB), British pound sterling (GBP), US dollar (US$), Australian dollar (AUD), Canadian dollar (CAD), HK dollar (HK$), Macau pataca (MOP; only for policies issued in Macau), Euro (EUR) and Singapore dollar (SGD), each offering different policy returns.
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Currency Exchange Option exercisable from the end of the 2nd policy year for extra flexibility
Starting from the end of the 2nd policy year and thereafter within 30 days after the end of each policy year, through the Currency Exchange Option, you can change the policy currency to another currency as listed above.
There will be no changes to the current policy effective date and the policy values will be recalculated and continue to accumulate based on the return of the new policy currency, so you can capture opportunities more flexibly in the dynamic world to meet your financial goals.
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Accumulate wealth with 4 premium payment term options
Global Power Multi-Currency Plan 3 can help you achieve guaranteed and potential gains. To suit your long-term wealth accumulation needs and your budget, you can choose a one-time premium payment term, a 3-year premium payment term (limited offer), a 5-year premium payment term or a 10-year premium payment term to help meet your different financial goals.
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Policy Split Option enables flexible asset allocation
After the end of the 3rd policy year or the end of the premium payment term, whichever is later, you can exercise the Policy Split Option according to your needs and transfer certain policy values from the current policy to a separate policy, splitting one policy into two. The current policy will continue to be effective with no change in effective date, and the policy effective date of the split policy will be the same as the current policy.
You can apply for a change of policy currency and change of insured after the policy is split. This flexibility allows you to allocate your assets strategically by holding multi-currency policies, helping to create the legacy you envision for the generations to come, or prepare funds to accomplish your goals at different life stages.
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Bonus Lock-in Option and Bonus Unlock Option cater to your evolving financial needs
Through the Bonus Lock-in Option, Global Power Multi-Currency Plan 3 enables you to realise potential returns by transferring the latest cash values of the Reversionary Bonus and Terminal Bonus into a Bonus Lock-in Account to earn interest at a non-guaranteed rate. This is available once per policy year, after the end of the 15th policy year and within 30 days after the end of each policy year.
To provide further flexibility for your financial needs throughout various life stages, you can withdraw cash from the Bonus Lock-in Account anytime without reducing the principal amount of your policy.
By exercising the Bonus Unlock Option, you can even unlock a certain amount of the latest value of the Bonus Lock-in Account as non-guaranteed Reversionary Bonus and Terminal Bonus to suit your financial needs. This is available once per policy year, starting from 1 year after bonus lock-in and within 30 days after the end of each policy year.
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Withdraw cash flexibly to fulfil your changing needs
With Global Power Multi-Currency Plan 3, you can withdraw your policy values to make your visions a reality. To address your changing needs in the future, upon request, you can withdraw part of the guaranteed cash value and the non-guaranteed cash values of the Reversionary Bonus and Terminal Bonus. However, this will reduce the future values of your policy. After withdrawal, the principal amount of the policy and the total premiums paid or one-time premium paid (as applicable) for the basic plan under the death benefit may be reduced.
Alternatively, you may choose to withdraw all cash values in the policy. Upon such withdrawal, you will receive the sum of the guaranteed cash value, non-guaranteed cash values of the Reversionary Bonus and Terminal Bonus, and any remaining balance of the Bonus Lock-in Account (if applicable), and your policy will be terminated.
We will deduct all outstanding debt (if any) under the policy before we make any payments for your withdrawal.
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Change of Insured Option and Contingent Insured Option add extra flexibility for you to pass on your legacy
During the lifetime of the current insured and after the end of the 1st policy year, the Change of Insured Option allows you to change the insured to another loved one as many times as you wish. That way, the value of your policy will not be affected and can be inherited by future generations, helping you pass on your wealth with ease.
With the Contingent Insured Option, during the lifetime of the current insured, you can designate one of your loved ones as the contingent insured. There is no limit on the number of times you can designate, modify or remove a contingent insured during the lifetime of the current insured. Upon the passing of the current insured, the contingent insured may become the new insured without affecting your policy values and your policy will continue to be effective, so as to safeguard your legacy for the generations to come.
For the product details, please click here.
Notes:
- “We”, “our”, or “us” herein refers to AIA International Limited (Incorporated in Bermuda with limited liability) ("AIA").
- The above product information in this material does not contain the full terms of the product, for the details of the product features, terms and conditions, exclusions and key product risks, you may refer to the product brochure and policy contract of relevant products. In case you want to read policy contract sample before making an application, you can obtain a copy from AIA. Life insurance policies are long-term contracts of insurance. Should you surrender the policy early, you may receive an amount considerably less than the total amount of premiums paid.
- We would like to remind you to review the relevant product materials and proposal illustrations (if applicable) provided to you and seek independent professional advice if necessary.
Important Notes:
- The Bank of East Asia, Limited (“BEA”), being registered with the Insurance Authority as a licensed insurance agency, act as an appointed licensed insurance agent for AIA International Limited (incorporated in Bermuda with limited liability) (“AIA”). This insurance plan is a product of AIA but not BEA.
- This insurance plan is underwritten by AIA and it is not a bank savings plan with free life insurance coverage. 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. Global Power Multi-Currency Plan 3 is an insurance plan with a savings element. Part of the premium pays for the insurance and related costs. If you are not happy with your policy, you have a right to cancel it within the cooling-off period and obtain a refund of any premiums and levy paid. A written notice signed by you should be received by the Customer Service Centre of AIA International Limited at 12/F, AIA Tower, 183 Electric Road, North Point, Hong Kong within the cooling-off period (that is, 21 calendar days immediately following either the day of delivery of the policy or cooling-off notice (informing you / your nominated representative about the availability of the policy and expiry date of the cooling-off period, whichever is earlier)).After the expiration of the cooling-off period, if you cancel the policy before the end of the term, the projected total cash value may be substantially less than the total premium you have paid.
- 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 BEA and the customer out of the selling process or processing of the related transaction, BEA is required to enter into a Financial Dispute Resolution Scheme process with the customer.
- For the benefits and returns mentioned throughout this material, please note that the policy owner is subject to the credit risk of AIA. 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. Projected and/or potential benefits and/or returns (e.g. reversionary bonus, terminal bonus) presented in this material 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.
