Realise Today's Dream
Everyone has his or her own dreams: dream car, dream house, round the world travel plans... To achieve your savings target, and to assure yourself of a steady return, it is time to plan ahead now. How can you ensure your savings are invested soundly and managed professionally to make your dreams come true?
ICBC (Asia) and Zurich Life proudly present the ICBC (Asia) Savings and Protection Plan - Platinum Saver ("The Plan"). The Plan combines savings and comprehensive life insurance to help you meet future financial needs.
Comprehensive Coverage for Total Peace of Mind
Basic Life Insurance Coverage
In the event of death1 of the Life Insuredthe death benefit will be payable to the beneficiary which is either (1) the total of the Sum Insured, or (2) the accumulated funds in the policy account, whichever is greater.
1 If the Policy Owner surrenders the policy before maturity, the amount payable will be the total funds accumulated in the investment account less an early surrender adjustment
Optional Life Insurance Coverage
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- Waiver of Premium Benefit
Should the Policy Owner suffer from temporary total disablement and unable to work for a continuous period of 26 weeks or more during the policy term, we will refund all premiums paid during the said 26 weeks. In addition, any future premiums will be waived until your recovery.
- Critical Illness Benefit
If the Life Insured suffers from one of the 29 specified critical illnesses, pre-selected 50% or 100% of the basic sum insured will be advanced to help you through this difficult time.
- Accidental Death and Dismemberment Benefit
In the event of death or dismemberment of the Life Insured due to an accident, an extra selected sum insured benefit or a percentage of the benefit amount according to the degree of injury will be payable.
- Guaranteed Renewable Term Plan Benefit
Renewable term plan benefit is a guaranteed renewable2 life insurance plan with a coverage term of 5-year or 10-year for Platinum Saver 15 Years, 5-year for Platinum Saver 10 Years. In the event of death of the Life Insured caused by sickness or accident, the death benefit will be payable.
2 The premium on renewable depends on the attained age of the Life Insured and prevailing premium rates at the time of renewal
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Flexibility to Tailor Your Own Plan to Meet Your Financial Needs
The Plan also offers you complete flexibility and control in meeting your savings target and your protection needs. Furthermore, you can make a lump sum injection at any time to boost your capital; or you can arrange a Future Premium Deposit Facility (FPDF) at any policy anniversary; or even borrow up to 90% of your policy surrender value to meet any emergency funding needs.
Secure Savings Fund to Fulfil your Dreams
The Plan can help you accumulate savings to fulfil your dreams. Most of your premium payments will be transferred into your investment account to invest in the global financial markets3. You can determine your own savings target and sum insured to meet your individual needs.
If the policy has been in force for a period equal to the term, the value of the investment account as at maturity date will be calculated as if annual dividends have been credited to the investment account at the guarantee accumulation rate from the first premium date to the maturity date. The value of the investment account may be higher than guaranteed return, depending on total investment returns of the policy maturity.
3 After deducting the Policy Fee and optional life insurance coverage fee (if applicable), your premium payment would be automatically credited to your investment account. The cost of Life Cover is deducted monthly from your investment account.
Better Estate Transfer Arrangement
In the unfortunate event of your death, your beneficiary can receive the death benefits quickly and smoothly without going through the complicated and time-consuming estate probate process. Estate duty is also exempted.
Extra Flexibility
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- 90-day Policy Reinstatement Period
Even if you have forgotten to pay the premium, no insurability evidence is required for applying policy reinstatement within 90 days from the due date of the unpaid premium.
- Cooling-off Period
To let you fully understand the details of the Plan, there is a Cooling-off Period. You may cancel and return the policy together with a written notice signed by you within 21 days after the date of application or 14 days from the policy issue date as specified in the first schedule of the policy, or 14 days after the date of copying the Customer Protection Declaration to your existing insurer if your policy is a replacement or 5 days after the issuance of the notification letter of the availability of the policy, whichever is later. Total paid premium will be refunded to the Policy Owner.
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Details of ICBC (Asia) Savings and Protection Plan - Platinum Saver
Platinum Saver Plan |
Entry Age for the Life Insured (age at next birthday)
(Maximum entry age is 56 if Critical Illness benefit is selected) |
10 years |
19-76 |
15 years |
19-71 |
Plan Currencies4 |
HKD |
USD |
GBP |
AUD |
EURO |
Minimum Sum Insured
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10 Years |
25,000 |
3,000 |
2,500 |
4,500 |
3,000 |
15 Years |
130,000 |
16,000 |
13,500 |
24,500 |
16,000 |
Maximum Sum Insured |
If 100% Critical Illness benefit is selected |
3,500,000 |
500,000 |
220,000 |
500,000 |
500,000 |
If 50% Critical Illness benefit is selected |
7,000,000 |
1,000,000 |
440,000 |
1,000,000 |
1,000,000 |
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No Maximum Sum Insured Limit if no Critical Illness Benefit is selected |
Minimum Premium |
Annually |
3,600 |
480 |
324 |
648 |
480 |
Semi-Annually |
1,800 |
240 |
162 |
324 |
240 |
Monthly |
300 |
40 |
27 |
54 |
40 |
Payment Method |
Monthly Payment by Direct Debit
Semi-Annual or Annual Payment by Direct Debit or Renewal Notice |
4 If you select currency other than HKD as plan currency, your monthly premium will be denominated in that plan currency and converted into HK Dollar for payment at the exchange rate determined by Zurich Life at the time of payment.
Important notes:
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- This leaflet is only a summary of the Plan and is not a contract of insurance. For more details, please refer to the product brochure and policy document of the Plan.
- Zurich Life Insurance Company Limited ("Zurich Life") is the insurance underwriter of the Plan and is solely responsible for all coverage and compensation.
- ICBC (Asia) is not responsible for any liability under policies underwritten by Zurich Life.
- Zurich Life Insurance Company Limited is a company incorporated in Switzerland with limited liability.
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How to find out more
The information contained in this webpage is designed to serve as an introduction only. For all relevant clauses and details, you should refer to the insurance contract.
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