[Savings Insurance Celebrates Life Achievements Unlock] Rewards for marriage and childbirth, guaranteed cash flow until age 100.

Many have heard the saying "stand on one's own at thirty," and numerous individuals begin to settle down and start a family at this age. Facing a series of significant life events, how should the younger generation plan for their future? Chubb Life's 「星鑽」儲蓄壽險計劃II not only provides basic savings protection but also specially offers additional bonuses for young people planning to start a family or pursue further studies at important life milestones. At the same time, it guarantees annual income, helping everyone achieve their unique lifestyle. 

Preparing to start a family is no easy task. From choosing a home, funding a wedding, to raising children, it all requires significant financial resources. 「星鑽」儲蓄壽險計劃II features a special "Dream Achievement Reward": when the insured experiences specific life milestones, they can receive an additional bonus to allocate more resources towards achieving various life goals.

Under the "Dream Achievement Reward", starting from the 8th year after successful policy enrolment, if the insured experiences any of the following events—including purchasing a residential property, getting married, the birth of a child, successful admission to university (for a bachelor’s degree or higher), or reaching the age of 65 or above—they will receive a one-time bonus equivalent to 5% of the most recent nominal amount recorded by Chubb Life, accompanying the insured in celebrating the unlocking of life achievements.

Policyholders can use the additional bonus from the "Dream Achievement Reward" to celebrate with their family. Alternatively, policyholders may choose to keep the bonus within the policy to accrue interest, gaining more resources to prepare for future significant life moments, such as saving a nest egg for their children’s education, marriage, or property down payment, or even planning for their own retirement.

Illustrative example^:

Some savings insurance products in the market require a specified number of years from the policy start date before cash can be withdrawn. Young people, with limited savings, often wish to plan for the future by purchasing savings insurance products, while also worrying about a significant reduction in available funds. 「星鑽」儲蓄壽險計劃II offers policyholders multiple cash withdrawal options, providing young families with greater flexibility to meet financial needs at different life stages.

Policyholders can receive guaranteed withdrawable cash¹ annually starting from one year after the policy takes effect. From the 13th year onwards, policyholders may also receive non-guaranteed annual bonuses². Both guaranteed withdrawable cash and non-guaranteed annual bonuses can be kept within the policy to accumulate interest, further enhancing long-term savings returns. Additionally, after the policy has been in effect for 10 years, policyholders may receive a non-guaranteed terminal bonus³, boosting the effectiveness of their savings.

「星鑽」儲蓄壽險計劃II offers flexible premium payment terms, with options of 2/5/8/12 years, catering to the varying needs of policyholders at different stages of family life, allowing them to plan ahead for the future.

Even in the face of unexpected events, the plan includes an optional cash withdrawal feature⁴, providing emergency support for policyholders and their families. For instance, whether it’s renovating a home to welcome a new family member, investing in a small business, or covering hospital expenses for a family member, policyholders can apply to withdraw cash from the accumulated withdrawable cash, accumulated annual bonuses, "Dream Achievement Reward" and its accumulated interest (if any). This flexibility accommodates various financial needs, enhancing liquidity in the financial planning of policyholders and their families.

Many parents purchase savings insurance products not only to plan for their own retirement but also to prepare for their children's future. 「星鑽」儲蓄壽險計劃II offers various options for cash withdrawal and wealth inheritance, which can be used for children's education funds, down payments for property, or wealth transfer.

After the policy has been in effect for 10 years, the policyholder can change the insured person once⁵, allowing the accumulated wealth in the policy to be passed on to the next generation. Even at the start of the policy, the policyholder can designate a person as the successor insured⁶. As long as the application meets the conditions outlined in the policy terms, the successor insured will become the new insured person of the policy upon the death of the original insured. The full value of the policy remains unchanged despite the change of insured, ensuring a complete transfer of the plan to the next generation. This provides parents with peace of mind regarding their children's future planning.

For product details and key product risks, please refer to the relevant product brochure, benefit illustration (if applicable), and policy terms, or visit the Chubb Life website.

1. Provided your policy remains in force and all due premiums for the basic plan have been fully paid, we will distribute guaranteed withdrawable cash to you on each policy anniversary from the designated policy anniversary date until the maturity date, as stipulated in the policy terms. The distribution period and the amount of guaranteed withdrawable cash will be determined based on the premium payment term and guaranteed withdrawable cash payment option you select.
2. Provided your policy remains in force and all due premiums for the basic plan have been fully paid, we will distribute an annual bonus to your policy each year starting from the 13th policy anniversary. The amount of the bonus will be determined at our sole discretion.
3. After your policy has been in force for 10 years from the policy date, you will be entitled to a terminal bonus. The amount of the terminal bonus will be determined by us based on the notional amount.
4. Depending on the premium payment term and guaranteed withdrawable cash payment option you choose, you will receive the relevant amount of guaranteed withdrawable cash during the specified period (“distribution period”). The guaranteed withdrawable cash payment option cannot be changed once the policy is issued.
5. The policyholder may apply to change the insured person once on or after the 10th policy anniversary, provided the policy remains in force. The application must meet certain conditions under the policy.
6. On or after the 10th policy anniversary, provided the policy remains in force and the insured is alive, you may apply to designate one person as the successor insured for your policy. The application must meet certain conditions under the policy.

^ Note: 

1. The above examples are purely fictional and for illustrative purposes only. Any resemblance to real persons, organisations, or events is purely coincidental. The nature of the examples in this product brochure should not be construed as any comment, confirmation, or extension of insurance coverage for any past, present, or future cases. Furthermore, the above examples should not be taken as a basis for predicting the outcome of any real cases, as all cases are assessed based on their specific facts and are subject to the actual terms and conditions of the relevant policy. Each real case is unique, and attention is advised.
2. All figures are based on current projections and rounded to the nearest whole number.
3. The above examples involve certain assumptions, including:
   1. All due premiums have been paid in full and on time, excluding premium levies;
   2. No policy loans or premium holidays have been applied for during the policy term;
   3. No successor policyholder has been designated;
   4. The notional amount and premium payment mode of the “Forever Diamond” Savings Life Plan II remain unchanged during the policy term;
   5. The policyholder applies to withdraw funds from the accumulated guaranteed withdrawable cash. If the accumulated guaranteed withdrawable cash is insufficient to cover the withdrawal amount, the interest on the accumulated guaranteed withdrawable cash will subsequently be withdrawn to cover the amount. If additional funds are needed, the accumulated annual bonus and the interest on the accumulated annual bonus will be withdrawn to cover the amount. In the above examples, the annual interest rate used to calculate the accumulated amount is 4%, which is not guaranteed and may be adjusted by the company from time to time; and
   6. The projected surrender value is the sum of the guaranteed cash value, accumulated withdrawable cash, accumulated annual bonus, terminal bonus, and “Dream Reward” along with its accumulated interest. The projected non-guaranteed benefits, including annual bonuses and terminal bonuses, are calculated based on the company’s current assumed bonus rates, which are not guaranteed and are determined from time to time based on the company’s experience and expectations regarding various factors, including but not limited to investment returns, claims, policy surrenders, and expenses. The actual payable surrender value may change at any time and may be higher or lower than indicated.
4. The policyholder must have sufficient insurable interest in the prospective new insured and/or successor insured in accordance with the company’s applicable underwriting guidelines at the time, and the company may require an explanation or proof of insurable interest. 
5. Changes to the insured, designation of a successor insured, and cash withdrawals must be made through a written application, recorded, and approved by the company to take effect. For the exact terms and conditions, please refer to the policy terms of this product. 

Note: This article was last updated on 20 December 2023.

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.