【2026 Multi-Currency Savings Insurance Comparison】An overview of returns, IRR and currency conversion for 6 popular plans.

Multi-currency savings insurance plans have become increasingly popular in recent years. In addition to choosing policy currencies such as US dollars, Hong Kong dollars and Renminbi, some plans also allow policyholders to switch currencies in the future to meet their needs for overseas education, relocation or asset allocation. However, the expected returns, IRR, guaranteed cash value and currency conversion arrangements vary between multi-currency plans. This time, 10Life compares 6 popular multi-currency savings insurance plans, looking at their returns in the 20th and 30th years, as well as what to consider when choosing a plan.

The key selling point of multi-currency plans is that they support a range of currency options, generally including US dollars, Hong Kong dollars, renminbi, pounds sterling, Australian dollars, Canadian dollars, euros and Singapore dollars.

Even if the policyholder selects a particular currency when taking out the policy, the policy currency can still be converted to another currency in the future according to their personal needs, providing flexibility to accommodate different financial objectives.

This time, 10Life has selected six popular multi-currency products for comparison (listed alphabetically by insurer), focusing primarily on key indicators such as the projected cash values in policy years 20 and 30, guaranteed portions, annual/reversionary bonuses, investment portfolios (bond-to-equity ratios) and bonus fulfilment ratios.

Products compared:

• AIA「GlobalFlexi Savings Insurance Plan」 (hereinafter referred to as: Global Flexi Savings)
• China Life「Wise Legend Multi-Currency Plan（Excel）」 (hereinafter referred to as: Wise Prosperity Generation)
• FWD「MaxFocus Legacy II Insurance Plan」 (hereinafter referred to as: Prosperity Across the World II)
• Manulife「Genesis」 (hereinafter referred to as: Grand Heritage)
• Prudential「Entrust Multi-Currency Plan」 (hereinafter referred to as: Entrust Tomorrow)
• Sun Life「SunGift Global Insurance Plan II」 (hereinafter referred to as: Galaxy Legacy II)

• Expected IRR and payback period: do not only compare the 30-year returns; also consider the earlier years.
• Guaranteed return proportion: for the same projected return, a higher guaranteed portion generally means greater certainty.
• Available currencies: consider whether you may need renminbi, pounds sterling, Australian dollars or other currencies in the future.
• Currency conversion terms: the policy value after conversion may not simply be converted directly based on the exchange rate.
• Practical purposes: for example, children’s overseas education, relocation, retirement or multi-currency asset allocation.

AIA Global Prosperity

• Its expected IRR in Year 30 is 6.5%, and its total cash value is the highest among all products

China Life Smart Wealth Generation

• It is a model offering relatively better long-term returns and likewise has no reversionary bonuses

FWD Global Wealth Accumulation II 

• Its expected IRR in Years 20 and 30 is the highest among the five products, at 6.0% and 6.5% respectively

Manulife Jia Hong Legacy

• Its guaranteed cash value in Year 20 is the highest among the five products, but its guaranteed cash value in Year 30 is surpassed by other products
• Its terminal bonus, total expected cash value and expected IRR in Year 30 are all the highest among the five products
• There are no reversionary bonuses, with all non-guaranteed bonuses concentrated in the terminal bonus

Prudential Promise Tomorrow 

• Its expected IRR in Year 30 is 6.5%. The product focuses on multi-currency options and legacy planning, making it suitable for policyholders with a longer investment horizon, the capacity to tolerate a higher allocation to equities, and a preference for greater flexibility in future wealth succession

Sun Life Galaxy Legacy II

• In policy Year 30, its guaranteed cash value and accumulated reversionary bonuses are the highest among all products

Everyone should note that, according to the product manuals of some insurance companies, when converting currencies, the policy may not only be converted based on the prevailing market exchange rate, but its cash value may also be adjusted. For example, if it was previously a US dollar policy and is converted into a Canadian dollar policy, the cash value will also be adjusted according to the value of the insurer’s new Canadian dollar asset portfolio (which may be lower or higher than the value before conversion). 

When making a selection, policyholders who place emphasis on currency flexibility are advised to carefully review the currency conversion fees and relevant terms and conditions of each product. Those who are only concerned with returns and stability may wish to refer more closely to the projected cash value and guaranteed portion.

If you would like to learn more about savings insurance plans, please feel free to contact a 10Life insurance adviser to find a savings insurance product that suits you. 

What is a Multi-Currency Savings Insurance Plan?

Multi-currency savings insurance is a type of savings insurance that can be held in different currencies, such as US dollars, Hong Kong dollars, renminbi and pounds sterling. Some plans also allow you to switch the policy currency in the future, providing greater flexibility in asset allocation.

Who are Multi-Currency Savings Insurance Plans Suitable For?

They are more suitable for people with needs related to overseas education, relocation, retirement or multi-currency asset allocation. However, before taking out a policy, you should still consider your investment horizon, liquidity needs and risk tolerance.

Which Currencies Can Be Switched Under a Multi-Currency Plan?

This depends on the product. Common options include US dollars, Hong Kong dollars, renminbi, pounds sterling, Australian dollars, Canadian dollars, euros and Singapore dollars. The currencies available for switching and the number of switches permitted are subject to the terms of the individual policy.

Can Switching Currencies Cause the Policy Value to Fall?

It is possible. When switching currencies, the policy value is affected not only by the exchange rate at the time, but may also be recalculated based on the asset portfolio corresponding to the new currency. As a result, the cash value after switching may increase or decrease.

When Comparing Multi-Currency Savings Insurance, Should You Look at IRR or Guaranteed Returns?

You should consider both. IRR can be used to compare the overall expected returns of different plans, but some returns are non-guaranteed. You should therefore also pay attention to the guaranteed cash value and the proportion of non-guaranteed bonuses to understand how certain the returns are.

This English version of this article has been generated by machine translation powered by AI. It is provided solely for reference purposes. In the event of any discrepancy or inconsistency between this translation and the original Chinese version, the Chinese version shall prevail.