For relevant Dividend / Bonus / Crediting Interest Rate Philosophy, Investment Strategy, Historical Crediting Interest Rate, Fulfillment Ratio of Dividend / Bonus / Total Cash Value Ratio, please select a product:
- Hong Kong
- Macau
- InfinityEdge Wealth Insurance Plan
- Beyond Infinity Savings Insurance Plan
- YF APEX Indexed Universal Life (applicable to professional investors only)
- FLEXI-ULife Prime Saver
- FLEXI-ULife Prime Saver Jr. Insurance Plan
- Prestige-ULife Insurance Plan
- InfinityEnrich Wealth Builder 2
- Infinity Wealth Builder 2
- LifeDeluxe for Future
- LifeDeluxe Insurance Plan
- MetroBright Infinity Savings Insurance Plan
- Preeminence
- My Deferred Annuity 3
- MY Flexi Generations Saver
- MY Flexi Lifetime Annuity
- MY Lifetime Immediate Annuity
- CritiCare Continuation Cancer Insurance Plan
- CritiCare Continuation Cardio Insurance Plan
- CritiCare Continuation Diabetes Insurance Plan
- YF PrimeHealth Pro (Essential)
- YF PrimeHealth Pro (Signature)
- YF PrimeHealth Pro Jr. Care
- FLEXI-Gold Saver Insurance Plan
- FLEXI-Life Insurance Plan
- FLEXI-ULife Insurance Plan
- Privilege U-Life Insurance Plan 2.0
- Privilege U-Life Insurance Plan 3.0
- Prosperous Infinity Saver
- Glorious Infinity Saver
- Harvest Infinity Saver
- Infinity Elite Saver
- Infinity Saver
- Infinity Saver 2
- Infinity Saver 3
- Infinity Wealth Builder
- InfinityEnrich Wealth Builder
- PrimeWealth Saver Life Insurance Plan
- Respected Choice Life Insurance Plan
- Wealth Builder
- FLEXI-Annuity Savings Plan/ FLEXI-Education Savings Plan
- Generations Saver
- GUARANTEED-Lifetime Immediate Annuity Plan
- My Deferred Annuity
- MY Deferred Annuity 2
- MY Lifetime Annuity
- Target Annuity Saver
- Target Education Saver
- Target Education Smart Saver
- Target Lifetime Annuity Saver
- Critical Illness Supreme 100+ Premium Refundable Plan
- PrimeHealth Cancer Saver
- PrimeHealth Extra Care
- PrimeHealth Extra Saver
- PrimeHealth Jr. Care
- PrimeHealth Pro
- PrimeHealth Saver 100+
- PrimeHealth Saver 1000
- PrimeHealth Saver 500+
- Universal Life
- Participating Whole Life
- Annuity
- Critical Illness
- Universal Life
- Participating Whole Life
- Annuity
- Critical Illness
- Indexed Universal Life
- Current products
- Shelved products
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to Policy Owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between Policy Owners and the company, as well as among different groups of Policy Owners. We aim to share with Policy Owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the Policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the Policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows Policy Owners to convert a portion of the Terminal Bonus into Accumulated Dividends by the Terminal Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize Policy Owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Reversionary Bonus and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the Company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the Company.
A committee has been set up to provide independent advice on the determination of the Reversionary Bonus and Terminal Bonus amounts to the Board of the Company. The actual Reversionary Bonus and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Reversionary Bonus and Terminal Bonus will be reviewed and determined by us at least once per year. Face value of Reversionary Bonus forms a permanent addition to the Policy and is guaranteed once declared, while cash value of Reversionary Bonus is non-guaranteed. Terminal Bonus does not form a permanent addition to the Policy. In determining the Reversionary Bonus and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims:These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the Policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Reversionary Bonus and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Reversionary Bonus and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to transfer the latest Cash Values of the Reversionary Bonus and Terminal Bonus to a Bonus Lock-in Account by the Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the then prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Reversionary Bonus and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the Company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the Company.
A committee has been set up to provide independent advice on the determination of the Reversionary Bonus and Terminal Bonus amounts to the Board of the Company. The actual Reversionary Bonus and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Reversionary Bonus and Terminal Bonus will be reviewed and determined by us at least once per year. Face value of Reversionary Bonus forms a permanent addition to the Policy and is guaranteed once declared, while cash value of Reversionary Bonus is non-guaranteed. Terminal Bonus does not form a permanent addition to the Policy. In determining the Reversionary Bonus and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims:These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the Policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders:These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Reversionary Bonus and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Reversionary Bonus and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to transfer the latest Cash Values of the Reversionary Bonus and Terminal Bonus to a Bonus Lock-in Account by the Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the then prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to Policy Owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between Policy Owners and the company, as well as among different groups of Policy Owners. We aim to share with Policy Owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35% - 100% |
| Equity-like assets | 0% - 65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35% - 100% |
| Equity-like assets | 0% - 65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
This is an indexed universal life insurance plan consisting of a Fixed Account, a Holding Account and an Index Account.
Interests will be credited to the Account Values of the Fixed Account and Holding Account at a crediting interest rate which will be reviewed and determined by us from time to time. The crediting interest rate for the Fixed Account and Holding Account will not be lower than the Guaranteed Minimum Crediting Interest Rate.
Index Interests will be determined based on the performance of the underlying indices and credited to the Account Values of the Index Account, subject to the Cap Rates, Guaranteed Floor Rate and Guaranteed Performance Multipliers of Index Sub-accounts. Depending on the performance of the underlying indices, the Index Interest Rates can be well below the Cap Rates, but will not be lower than the Guaranteed Floor Rate of 0% p.a. The Cap Rates will be reviewed and determined by us from time to time. Once a Cap Rate is applied to a Segment on its Segment Start Date, the Cap Rate will remain unchanged for the Segment until its Segment Maturity Date. The Cap Rates will not be lower than the Guaranteed Minimum Cap Rate.
A committee has been set up to provide independent advice on the determination of the crediting interest rate and Cap Rates to the Board of the Company. The actual crediting interest rate and Cap Rates, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and Cap Rates, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims：These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses：These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance：This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Costs of derivatives and / or other financial instruments to deliver the performance of underlying indices：Costs of derivatives and / or other financial instruments could be affected by their availability and fluctuations in volatility of the underlying indices and interest rates.
Surrenders：These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and / or Cap Rates, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and / or Cap Rates during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be purchased with the support by returns from the investment portfolio to deliver the performance of underlying indices, subject to the Cap Rates, Guaranteed Floor Rate and Guaranteed Performance Multipliers of Index Sub-accounts. Derivatives may also be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders' returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Bonus Sum Insured will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Bonus Sum Insured amounts to the Board of the Company. The actual Annual Dividends and Bonus Sum Insured, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Bonus Sum Insured will be reviewed and determined by us once per year. In determining the Annual Dividends and Bonus Sum Insured, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Bonus Sum Insured, we may retain returns during periods of strong performance to support stronger Annual Dividends and Bonus Sum Insured in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 15%-55% |
| Equity-like assets | 45%-85% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to convert a portion of the Terminal Bonus into Accumulated Dividends by the Terminal Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 50%-100% |
| Equity-like assets | 0%-50% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 50%-100% |
| Equity-like assets | 0%-50% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-55% |
| Equity-like assets | 45%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 15%-55% |
| Equity-like assets | 45%-85% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Reversionary Bonus and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Reversionary Bonus and Terminal Bonus amounts to the Board of the Company. The actual Reversionary Bonus and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Reversionary Bonus and Terminal Bonus will be reviewed and determined by us at least once per year. Face Value of Reversionary Bonus forms a permanent addition to the policy and is guaranteed once declared, while Cash Value of Reversionary Bonus is non-guaranteed. Terminal Bonus does not form a permanent addition to the policy. In determining the Reversionary Bonus and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Reversionary Bonus and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Reversionary Bonus and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to transfer the latest Cash Values of the Reversionary Bonus and Terminal Bonus to a Bonus Lock-in Account by the Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policyholders' returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Reversionary Bonus and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Reversionary Bonus and Terminal Bonus amounts to the Board of the Company. The actual Reversionary Bonus and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Reversionary Bonus and Terminal Bonus will be reviewed and determined by us at least once per year. Face Value of Reversionary Bonus forms a permanent addition to the policy and is guaranteed once declared, while Cash Value of Reversionary Bonus is non-guaranteed. Terminal Bonus does not form a permanent addition to the policy. In determining the Reversionary Bonus and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Reversionary Bonus and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Reversionary Bonus and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to transfer the latest Cash Values of the Reversionary Bonus and Terminal Bonus to a Bonus Lock-in Account by the Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policyholders' returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policyholders' returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policyholders' returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policyholders' returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non- guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policyholders' returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus and Non-guaranteed Monthly Annuity Payments will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus and Non-guaranteed Monthly Annuity Payments amounts to the Board of the Company. The actual Terminal Bonus and Non-guaranteed Monthly Annuity Payments, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus and Non-guaranteed Monthly Annuity Payments will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus and Non-guaranteed Monthly Annuity Payments, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus and Non-guaranteed Monthly Annuity Payments, we may retain returns during periods of strong performance to support stronger Terminal Bonus and Non-guaranteed Monthly Annuity Payments in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Guaranteed and Non-guaranteed Monthly Annuity Payments to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.'s investment objective is to optimize policy owners' returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus and Non-guaranteed Monthly Annuity Payments will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus and Non-guaranteed Monthly Annuity Payments amounts to the Board of the Company. The actual Terminal Bonus and Non-guaranteed Monthly Annuity Payments, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus and Non-guaranteed Monthly Annuity Payments will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus and Non-guaranteed Monthly Annuity Payments, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus and Non-guaranteed Monthly Annuity Payments, we may retain returns during periods of strong performance to support stronger Terminal Bonus and Non-guaranteed Monthly Annuity Payments in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Guaranteed and Non-guaranteed Monthly Annuity Payments to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF life insurance International Ltd.'s investment objective is to optimize policy owners' returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Determination of Surrender Value
The Surrender Value of your policy is equal to the present value of all undue annuity payments to be made within the guaranteed period discounted at a rate which will be reviewed and determined by us from time to time. The discount rate for the determination of Surrender Value represents a charge for early surrenders and will be determined based on the current earned rate and the best estimate long term earned rate.
A committee has been set up to provide independent advice on the determination of the discount rate to the Board of the Company. The actual discount rate, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the discount rate, we will take into account both past experience and the expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Surrender Values, we may retain returns during periods of strong performance to support or maintain stronger Surrender Values during periods of less favourable performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favorable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-75% |
| Equity-like assets | 25%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Determination of Surrender Value
The Surrender Value of your policy is equal to the present value of all undue annuity payments to be made before the total amount of annuity payments reaches 125% of premium paid discounted at a rate which will be reviewed and determined by us from time to time. The discount rate for the determination of Surrender Value represents a charge for early surrenders and will be determined based on the current earned rate and the best estimate long term earned rate.
A committee has been set up to provide independent advice on the determination of the discount rate to the Board of the Company. The actual discount rate, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the discount rate, we will take into account both past experience and the expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Surrender Values, we may retain returns during periods of strong performance to support or maintain stronger Surrender Values during periods of less favourable performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high-credit-rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depending on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rate and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rate and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long- term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 70% - 100% |
| Equity-like assets | 0% - 30% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets. Investments are diversified across various geographical areas and industries. Investment assets may be invested in a currency other than the underlying policy denomination.
Derivatives may be used for risk-management purposes to reduce market risks including but not limited to interest rate and currency risk.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depending on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rate and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rate and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long- term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long- term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 70% - 100% |
| Equity-like assets | 0% - 30% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets. Investments are diversified across various geographical areas and industries. Investment assets may be invested in a currency other than the underlying policy denomination.
Derivatives may be used for risk-management purposes to reduce market risks including but not limited to interest rate and currency risk.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to Policy Owners as determined by us. Terminal Bonus and Non-guaranteed Monthly Annuity Payments will be determined with an aim to ensure a fair sharing of profits between Policy Owners and the company, as well as among different groups of Policy Owners.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus and Non-guaranteed Monthly Annuity Payments amounts to the Board of the Company. The actual Terminal Bonus and Non-guaranteed Monthly Annuity Payments, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus and Non-guaranteed Monthly Annuity Payments will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus and Non-guaranteed Monthly Annuity Payments, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus and Non-guaranteed Monthly Annuity Payments, we may retain returns during periods of strong performance to support stronger Terminal Bonus and Non-guaranteed Monthly Annuity Payments in times of less favourable performance, and vice versa.
This insurance plan allows Policy Owners to place the Guaranteed and Non-guaranteed Monthly Annuity Payments to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize Policy Owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Reversionary Bonus and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Reversionary Bonus and Terminal Bonus amounts to the Board of the Company. The actual Reversionary Bonus and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Face Value of Reversionary Bonus forms a permanent addition to the policy and is guaranteed once declared, while Cash Value of Reversionary Bonus is non-guaranteed. Terminal Bonus does not form a permanent addition to the policy. In determining the Reversionary Bonus and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Reversionary Bonus and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to transfer the latest Cash Values of the Reversionary Bonus and Terminal Bonus to a Bonus Lock-in Account by the Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 25%-100% |
| Equity-like assets | 0%-75% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to convert a portion of the Terminal Bonus into Accumulated Dividends by the Terminal Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 55%-75% |
| Equity-like assets | 25%-45% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 50%-70% |
| Equity-like assets | 30%-50% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 50%-70% |
| Equity-like assets | 30%-50% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 50%-70% |
| Equity-like assets | 30%-50% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to Policy Owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between Policy Owners and the company, as well as among different groups of Policy Owners. We aim to share with Policy Owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the Policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the Policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows Policy Owners to convert a portion of the Terminal Bonus into Accumulated Dividends by the Terminal Bonus Lock-in Option and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize Policy Owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and / or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and / or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 2.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and / or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and / or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and / or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and / or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and / or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and / or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, including global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
YF Life Insurance International Ltd. implements a proactive asset-allocation strategy and asset allocations are adjusted in response to changing market conditions and economic outlook.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-75% |
| Equity-like assets | 25%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Extra Bonus and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Extra Bonus and Terminal Bonus amounts to the Board of the Company. The actual Extra Bonus and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Extra Bonus and Terminal Bonus will be reviewed and determined by us once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Extra Bonus and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Extra Bonus and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Extra Bonus and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Extra Bonus to the company and accumulate at a non-guaranteed interest rate. In determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favorable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us at least once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 35%-100% |
| Equity-like assets | 0%-65% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or non-guaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest/dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest/dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and/or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Crediting Interest Rate Philosophy
The crediting interest rate and/or non-guaranteed bonuses will be reviewed and determined by us from time to time. The crediting interest rate and/or nonguaranteed bonuses will be determined based on the current earned rate, the best estimate long term earned rate and our target interest spread of 0% - 1.5% p.a. depends on the policy duration. Policyholders will receive a portion of the investment returns, net of interest spread, in the form of crediting interest rate and/or bonuses.
A committee has been set up to provide independent advice on the determination of the crediting interest rates and/or non-guaranteed bonuses to the Board of the Company. The actual crediting interest rates and/or non-guaranteed bonuses, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
In determining the crediting interest rate and/or non-guaranteed bonuses, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable crediting interest rate and/or non-guaranteed bonuses, we may retain returns during periods of strong investment performance to support or maintain stronger crediting interest rate and/or non-guaranteed bonuses during periods of less favourable investment performance.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policyholders’ returns over the long-term with an acceptable level of risk. Assets are invested in a broad range of investment vehicles, which may include global equities, bonds and other fixed-income instruments, properties and commodities. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like investments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80% - 100% |
| Equity-like assets | 0% - 20% |
Bonds and other fixed-income investments mainly include high credit rating government bonds and corporate bonds (which are mainly invested in the geographical region of the United States) across a variety of industries, making up a diversified bond portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties and commodities. Investments are diversified across various geographical areas and industries. Derivatives may also be used for risk-management purposes.
This investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Terminal Bonus amounts to the Board of the Company. The actual Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Terminal Bonus will be reviewed and determined by us once per year. Terminal Bonus does not form a permanent addition to the policy. In determining the Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.g. distribution costs, underwriting, issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income (both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments.
To provide more stable Terminal Bonus, we may retain returns during periods of strong performance to support stronger Terminal Bonus in times of less favourable performance, and vice versa.
Investment Policy, Objective and Strategy
YF Life Insurance International Ltd.’s investment objective is to optimize policy owners’ returns over the long term with an acceptable level of risk. Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns.
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio.
To achieve the long-term target returns, YF Life Insurance International Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments. The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 80%-100% |
| Equity-like assets | 0%-20% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds, high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy may be subject to change, depending on the prevailing market conditions and economic outlook.
Product Strategy
Bonus Philosophy
This is a participating insurance plan which can share the divisible surplus from the product group determined by us. Divisible surplus refers to profits available for distribution back to policy owners as determined by us. Annual Dividends and Terminal Bonus will be determined with an aim to ensure a fair sharing of profits between policy owners and the company, as well as among different groups of policy owners. We aim to share with policy owners no less than 90% of the divisible surplus while the remaining portion goes to the company.
A committee has been set up to provide independent advice on the determination of the Annual Dividends and Terminal Bonus amounts to the Board of the Company. The actual Annual Dividends and Terminal Bonus, which are recommended by the Appointed Actuary, will be decided upon the deliberation of the committee and finally approved by the Board of Directors of the Company, including one or more Independent Non-Executive Directors.
The Annual Dividends and Terminal Bonus will be reviewed and determined by us at least once per year Terminal Bonus does not form a permanent addition to the policy. in determining the Annual Dividends and Terminal Bonus, we will take into account both past experience and expected future outlooks for factors including, but not limited to, the following.
Claims: These include the costs of providing coverage such as Death Benefit and other benefits under the insurance plan.
Expenses: These include both expenses directly related to the policy (e.8. distribution costs, underwriting.issue and premium collection expenses) and indirect expenses allocated to the insurance plan (e.g. general administrative costs).
Investment performance: This includes interest / dividend income and changes in the market value of the invested assets. Investment performance could be affected by fluctuations in interest / dividend income(both interest / dividend earnings and the outlook for interest rates) and various market risk factors, such as credit spread, default risk, fluctuations in equity prices, property prices, commodity prices, exchange rates if the currency of the backing asset is different from the policy currency, and liquidity risk, etc.
Surrenders: These may include policy lapses, surrenders, partial surrenders and other deductions and benefit payments; and the corresponding impact on investments. To provide more stable Annual Dividends and Terminal Bonus, we may retain returns during periods of strong performance to support stronger Annual Dividends and Terminal Bonus in times of less favourable performance, and vice versa.
This insurance plan allows policy owners to place the Annual Dividends to the company and accumulate at anon-guaranteed interest rate. in determining such non-guaranteed interest rate, we will take into account both past experience and expected future outlooks for the returns on the assets in which these amounts are invested. The investments, which may include bonds and other fixed-income instruments and equity-like assets, are segregated from the investments backing the participating policy.
Investment Policy,Objective and Strategy
YF Life insurance international Ltd,'s investment objective is to optimize policy owners' returns over the long term with an acceptable level of risk, Assets are invested in a broad range of investment instruments, which may include global equities, bonds and other fixed-income instruments, properties, commodities and other alternative investment assets. This diversified investment portfolio aims to achieve attractive and stable long-term returns
Past and expected future performance, volatility, and the associated risks of investment assets are considered in selecting investment assets and managing our investment portfolio
To achieve the long-term target returns, Yf life insurance international Ltd. implements a strategy utilizing a mix of fixed-income and equity-like instruments, The current long-term target strategy is to allocate assets as follows:
| Asset Class | Target Asset Mix (%) |
|---|---|
| Bonds and other fixed-income instruments | 50%- 70% |
| Equity-like assets | 30%-50% |
Bonds and other fixed-income instruments mainly include high-credit-rated government bonds and corporate bonds across various industries, creating a diversified credit portfolio with high asset quality.
Equity-like assets may include global equities (public and / or private), mutual funds, exchange-traded funds,high yield debts, properties, commodities and alternative investment assets.
Investments are diversified across geographical areas and industries.
Derivatives may be employed for risk management purpose to mitigate market risks, including but not limited to interest rate and currency risk.
Investment assets may also be invested in currencies other than the underlying policy denomination.
There may be some degree of deviation from the above targets in certain periods in order to manage the portfolio efficiently and to optimize the portfolio return and risk.
In order to manage the portfolio efficiently and optimize the return and risk, this investment strategy maybe subject to change, depending on the prevailing market conditions and economic outlook.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for FLEXI-ULife Insurance Plan.
FLEXI-ULife Insurance Plan
Notes:
- The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. cost of insurance, administrative charge etc.).
- The base crediting interest rate shown does not include any additional interest bonus (if applicable). For details of the additional interest bonus (if applicable), please refer to the product brochure and policy provisions of the relevant products.
- The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
- For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Privilege U-Life Insurance Plan 3.0.
Privilege U-Life Insurance Plan 3.0
Notes:
- The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. cost of insurance, administrative charge etc.).
- The base crediting interest rate shown does not include any additional interest bonus (if applicable). For details of the additional interest bonus (if applicable), please refer to the product brochure and policy provisions of the relevant products.
- The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
- For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Privilege U-Life Insurance Plan 2.0.
Privilege U-Life Insurance Plan 2.0
Notes:
- The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. cost of insurance, administrative charge etc.).
- The base crediting interest rate shown does not include any additional interest bonus (if applicable). For details of the additional interest bonus (if applicable), please refer to the product brochure and policy provisions of the relevant products.
- The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
- For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for MY Flexi Lifetime Annuity series.
MY Flexi Lifetime Annuity series
Notes:
- The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
- The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
- Some base crediting interest rates are not available because MY Flexi Lifetime Annuity series was not yet available at the relevant time.
- The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
- For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for MY Flexi Generations Saver series.
Product type: participating whole life
Notes:
- The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
- The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable).For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
- Some base crediting interest rates are not available because MY Flexi Generations Saver series was not yet available at the relevant time.
- The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
- For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Target Lifetime Annuity Saver series.
Target Lifetime Annuity Saver series
Notes
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Target Education Smart Saver series.
Target Education Smart Saver series
Notes
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Target Education Saver series.
Target Education Saver series
Notes
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Target Annuity Saver series.
Target Annuity Saver series
Notes
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for MY Lifetime Annuity series.
MY Lifetime Annuity series
Notes
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
Some base crediting interest rates are not available because Generations Saver series was not yet available at the relevant time.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Prestige U-Life Insurance Plan.
Prestige U-Life Insurance Plan
Notes:
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. cost of insurance, administrative charge etc.).
-
The base crediting interest rate shown does not include any additional interest bonus (if applicable). For details of the additional interest bonus (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for FLEXI-ULife Prime Saver Jr. Insurance Plan.
FLEXI-ULife Prime Saver Jr. Insurance Plan
Notes:
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. cost of insurance, administrative charge etc.).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for FLEXI-ULife Prime Saver.
FLEXI-ULife Prime Saver
Notes:
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. cost of insurance, administrative charge etc.).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Historical Crediting Interest Rate
Historical Crediting Interest Rate
The historical crediting interest rates for the product which has new policies issued since 2010 and has policies inforce in the reporting year shall be disclosed. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the historical crediting interest rates for the product series.
The following table shows the historical base crediting interest rates for Generations Saver series.
Generations Saver series
Notes:
-
The base crediting interest rate shown above is the time-weighted average base crediting interest rate of the policies in that calendar year, before any relevant policy charges (e.g. administrative charge).
-
The base crediting interest rate shown does not include any retrospective additional interest rate (if applicable). For details of the retrospective additional interest rate (if applicable), please refer to the product brochure and policy provisions of the relevant products.
-
Some base crediting interest rates are not available because Generations Saver series was not yet available at the relevant time.
-
The historical base crediting interest rates are for reference purposes. They are not indicators of future declaration of the products. The prevailing base crediting interest rate is subject to change from time to time. It may be lower or higher than the historical base crediting interest rates shown above.
-
For the terms and conditions of the crediting of interest, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
InfinityEdge Wealth Insurance Plan
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Reversionary Bonus and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed reversionary bonus and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Beyond Infinity Savings Insurance Plan
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of reversionary bonus=aggregate of actual total reversionary bonusesaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies and all relevant policies terminated in the reporting yearFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- For the purpose of calculation of fulfillment ratios, cash value of reversionary bonuses / cash value of terminal bonuses is used in the calculation.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of reversionary bonuses / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of reversionary bonus / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of reversionary bonus / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Reversionary Bonus and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed reversionary bonus and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
MetroBright Infinity Savings Insurance Plan
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of reversionary bonus=aggregate of actual total reversionary bonusesaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies and all relevant policies terminated in the reporting yearFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- For the purpose of calculation of fulfillment ratios, cash value of reversionary bonuses / cash value of terminal bonuses is used in the calculation.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of reversionary bonuses / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of reversionary bonus / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of reversionary bonus / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
CritiCare Continuation Diabetes Insurance Plan
Product type: critical illness
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
CritiCare Continuation Cancer Insurance Plan
Product type: critical illness
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
CritiCare Continuation Cardio Insurance Plan
Product type: critical illness
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Wealth Builder Life Insurance Plan
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Respected Choice Life Insurance Plan
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeWealth Saver Life Insurance Plan
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
InfinityEnrich Wealth Builder
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Infinity Wealth Builder
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Infinity Saver 3
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Infinity Saver 2
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Infinity Elite Saver
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Infinity Saver
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Reversionary Bonus and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed reversionary bonus and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Harvest Infinity Saver
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of reversionary bonus=aggregate of actual total reversionary bonusesaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies and all relevant policies terminated in the reporting yearFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- For the purpose of calculation of fulfillment ratios, cash value of reversionary bonuses / cash value of terminal bonuses is used in the calculation.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of reversionary bonuses / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of reversionary bonus / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of reversionary bonus / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Reversionary Bonus and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed reversionary bonus and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Glorious Infinity Saver
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of reversionary bonus=aggregate of actual total reversionary bonusesaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies and all relevant policies terminated in the reporting yearFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- For the purpose of calculation of fulfillment ratios, cash value of reversionary bonuses / cash value of terminal bonuses is used in the calculation.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of reversionary bonuses / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of reversionary bonus / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of reversionary bonus / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
YF PrimeHealth Pro Jr. Care
Product type: critical illness
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
YF PrimeHealth Pro (Signature)
Product type: critical illness
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
YF PrimeHealth Pro (Essential)
Product type: critical illness
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Cancer Saver
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of non-guaranteed Surrender Value
Fulfillment Ratio of non-guarranteed Surrender Value
The following table shows the fulfillment ratios of non-guaranteed surrender value for the product whichhas new policies issued since 2010 and has policies inforce in the reporting year. lf the product seriescontains policies issued before 2010, those policies shall be excluded in the calculation and disclosure ofthe fulfillment ratios for the product series.
MY Lifetime lmmediate Annuity
Product type: annuity
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of non-guaranteed surrender value=aggregate payout of non-guaranteed surrender valueaggregate of illustrated amounts at the point of sale for all relevant policies
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of non-guaranteed surrender value illustrated at the point of sale for the respective policy year is zero;
c) No non-guaranteed surrender value was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of non-guaranteed surrender value are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of non-guaranteed surrender value, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Special Bonus
The following table shows the fulfillment ratios of non-guaranteed special bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
MY Flexi Lifetime Annuity series
Product type: annuity
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of special bonus=aggregate of actual special bonusaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of fulfillment ratios of special bonus is based on the assumption that all special bonuses (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of special bonus illustrated at the point of sale for the respective policy year is zero. - The historical fulfillment ratios of special bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of special bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Special Bonus
The following table shows the fulfillment ratios of non-guaranteed special bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
MY Flexi Generations Saver series
Product type: annuity
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of special bonus=aggregate of actual special bonusaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of fulfillment ratios of special bonus is based on the assumption that all special bonuses (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of special bonus illustrated at the point of sale for the respective policy year is zero. - The historical fulfillment ratios of special bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of special bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
My Deferred Annuity 3
Product type: annuity
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Reversionary Bonus and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed reversionary bonus and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Prosperous Infinity Saver
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of reversionary bonus=aggregate of actual total reversionary bonusesaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies and all relevant policies terminated in the reporting yearFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- For the purpose of calculation of fulfillment ratios, cash value of reversionary bonuses / cash value of terminal bonuses is used in the calculation:
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of reversionary bonuses / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of reversionary bonus / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of reversionary bonus / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Preeminence
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
LifeDeluxe Insurance Plan
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
LifeDeluxe for Future
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Infinity Wealth Builder 2
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
InfinityEnrich Wealth Builder 2
Product type: participating whole life
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
My Deferred Annuity 2
Product type: annuity
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
My Deferred Annuity
Product type: annuity
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of non-guaranteed Surrender Value
Fulfillment Ratio of non-guaranteed Surrender Value
The following table shows the fulfillment ratios of non-guaranteed surrender value for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
GUARANTEED-Lifetime Immediate Annuity Plan
Product type: annuity
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of non-guaranteed surrender value=aggregate payout of non-guaranteed surrender valueaggregate of illustrated amounts at the point of sale for all relevant policies
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of non-guaranteed surrender value illustrated at the point of sale for the respective policy year is zero;
c) No non-guaranteed surrender value was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of non-guaranteed surrender value are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of non-guaranteed surrender value, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Saver 500+
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Saver 1000
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Saver 100+
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses /annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Pro
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Jr. Care
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio ofextra bonuses /annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance.
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products.
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Extra Saver
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. Some fulfillment ratios may not be applicable due to the following reason(s):
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
PrimeHealth Extra Care
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. Some fulfillment ratios may not be applicable due to the following reason(s):
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
Critical Illness Supreme 100+ Premium Refundable Plan
Product type: critical illness
Notes:
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses / annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. Some fulfillment ratios may not be applicable due to the following reason(s):
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
LifeDeluxe for Future
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. Some fulfillment ratios may not be applicable due to the following reason(s):
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
Fulfillment Ratio of Dividend or Bonus
Fulfillment Ratio of Extra Bonus / Annual Dividend and Terminal Bonus
The following table shows the fulfillment ratios of non-guaranteed extra bonuses / annual dividends and/or terminal bonus for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the fulfillment ratios for the product series.
LifeDeluxe for Future
Product type: participating whole life
Notes
-
Fulfillment Ratios are calculated up to the respective policy anniversary in the reporting year.Fulfillment ratio of extra bonuses annual dividends=aggregate of actual accumulated extra bonuses / annual dividends and interestsaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesFulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of fulfillment ratios of extra bonuses / annual dividends is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. Some fulfillment ratios may not be applicable due to the following reason(s):
- Some fulfillment ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of accumulated extra bonuses / annual dividends and interest / terminal bonus illustrated at the point of sale for the respective policy year is zero;
c) No terminal bonus was paid in reporting year as no policy was terminated in the respective policy year. - The historical fulfillment ratios of extra bonus / annual dividend / terminal bonus are for reference purposes.They are not indicators of future performance of the products
- For the terms and conditions of extra bonus / annual dividend / terminal bonus, please refer to the policy provisions of the product.
- USD
- HKD
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
InfinityEdge Wealth Insurance Plan
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Beyond Infinity Savings Insurance Plan
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
MetroBright Infinity Savings Insurance Plan
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
CritiCare Continuation Cancer Insurance Plan
Product type: critical illness
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
CritiCare Continuation Diabetes Insurance Plan
Product type: critical illness
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
CritiCare Continuation Cardio Insurance Plan
Product type: critical illness
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Wealth Builder Life Insurance Plan
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Respected Choice Life Insurance Plan
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeWealth Saver Life Insurance Plan
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
InfinityEnrich Wealth Builder
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Infinity Wealth Builder
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Infinity Saver 3
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Infinity Saver 2
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Infinity Elite Saver
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Infinity Saver
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Harvest Infinity Saver
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Glorious Infinity Saver
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
LifeDeluxe for Future
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting yearTotal Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesTotal cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Fulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
YF PrimeHealth Pro Jr. Care
Product type: critical illness
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
YF PrimeHealth Pro (Signature)
Product type: critical illness
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
YF PrimeHealth Pro (Essential)
Product type: critical illness
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Cancer Saver
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
My Deferred Annuity 3
Product type: annuity
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- 3.Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Prosperous Infinity Saver
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Preeminence
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
LifeDeluxe Insurance Plan
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
LifeDeluxe for Future
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Infinity Wealth Builder 2
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. If the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
InfinityEnrich Wealth Builder 2
Product type: participating whole life
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits (e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends (if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
My Deferred Annuity 2
Product type: annuity
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
My Deferred Annuity
Product type: annuity
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Saver 500+
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Saver 100+
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Saver 1000
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Pro
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Jr. Care
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the respective policy year as of the end of the reporting year;
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero. - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Extra Care
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
PrimeHealth Extra Saver
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
Critical Illness Supreme 100+ Premium Refundable Plan
Product type: critical illness
Notes:
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
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Total Cash Value Ratio
Total Cash Value Ratios
The following, table shows the total cash value ratios for the product which has new policies issued since 2010 and has policies inforce in the reporting year. lf the product series contains policies issued before 2010, those policies shall be excluded in the calculation and disclosure of the total cash value ratios for the product series.
LifeDeluxe for Future
Product type: participating whole life
Notes
-
Total Cash Value Ratios are calculated up to the respective policy anniversary in the reporting year.Total Cash Value Ratio=aggregate of actual total cash valueaggregate of corresponding illustrated amounts at the point of sale for all relevant in-force policiesTotal cash value is the sum of guaranteed benefits (e.g. guaranteed cash value) and non-guaranteed benefits(e.g. accumulated extra bonuses, annual dividends and interests, terminal bonus, cash value of reversionary bonus, cash value of terminal bonus).Fulfillment ratio of terminal bonus=aggregate payout of terminal bonusaggregate of illustrated amounts at the point of sale for all relevant policies
- The calculation of total cash value ratios is based on the assumption that all extra bonuses / annual dividends(if any) declared are left with the Company for interest accumulation since policy issuance. All premiums are assumed to be paid in full when due, no loans are taken, and no cash withdrawal are made from the accumulated amount throughout the policy term in the calculation.
- Some total cash value ratios may not be applicable due to the following reason(s):
a) No relevant policy is in-force with the:respective policy year as of the end of the reporting year,
b) The amount of total cash value illustrated at the point of sale for the respective policy year is zero, - The historical total cash value ratios are for reference purposes. They are not indicators of future performance of the products.
- For the terms and conditions of cash value, please refer to the policy provisions of the product.
