Life Insurance

Life Insurance
CCB (Asia) partners with major insurer(s) to offer holistic wealth & health solutions

China Construction Bank (Asia), an insurance agency appointed by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) and China Taiping Life Insurance (Hong Kong) Company Limited, distributes various types of life insurance products. The following are the examples of life insurance products distributed by our Bank.

FWD Products
MaxFocus Legacy Insurance Plan
"MaxFocus Legacy Insurance Plan"#

Life Protection Plan
(with Savings Element)

MaxFocus Legacy Insurance Plan is a participating insurance plan which aims to deliver higher potential returns in the long term.
vPrime Signature Medical Plan
"vPrime Signature Medical Plan"

Medical Plan

vPrime Signature Medical Plan is the Government-Certified Medical Plan under the Voluntary Health Insurance Scheme (“VHIS”), the plan offers you full cover for a series of hospitalisation and surgical expenses without lifetime benefit limit and the access to timely and quality medical care while overseas.
VHIS Certification Number: F00070

Journey Annuity Plan
"Wealth ICON Supreme III Insurance Plan"#

Life Protection Plan
(with Savings Element)

Wealth ICON Supreme III Insurance Plan is a participating insurance plan, which provides both wealth growth potential and insurance protection.
RetireFun Deferred Annuity Plan
"RetireFun Deferred Annuity Plan"#

Annuity Plan

RetireFun Deferred Annuity Plan empowers you to live the retirement life you deserve by providing you with a steady stream of monthly guaranteed annuity payment and monthly non-guaranteed annuity payment as a potential extra boost to your retirement income.
TPLHK Products
Prosperous Future Savings Plan
“Leisure Life Savings Insurance Plan”#

Life Protection Plan
(with Savings Element)

Leisure Life Savings Insurance Plan not only accumulates retirement fund, but also allows unlimitedly changing insured to achieve legacy planning objective and provides elderly care benefit to cope with Alzheimer’s Disease.
Taiping Elite Delight Whole Life Coupon Plan
“Taiping Elite Delight Whole Life Coupon Plan”#

Saving and Life Insurance

Taiping Elite Delight Whole Life Coupon Plan offers guaranteed cash coupon equal to 6% of the notional amount annually commencing from 2nd anniversary date. You may choose to cash out or leave it for interest accumulation.
Prosperous Future Savings Plan
“Taiping Full Shine Deferred Annuity Plan III”#

Annuity Plan

Taiping Full Shine Deferred Annuity Plan III, empowering you to live a leisure retirement life supported by a steady stream of annuity payments. What’s more, the Plan is a Qualifying Deferred Annuity Policy (“QDAP”) certified by the Insurance Authority (“IA”), that you can apply for tax deduction with the premiums you paid under the Plan (if applicable).

FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) - Important Notes for Non-linked Long Term Insurance

China Taiping Life Insurance (Hong Kong) Company Limited - Important Notes for Non-linked Long Term Insurance

Remark: The above information is for reference only. Please refer to the policy of the relevant insurance plan(s) for the exact terms, conditions, coverage and exclusions.

Notes to customers:

  1. Please note that each insurance plan marked with the symbol "#" above comprises a savings element.

  2. Part of the premium will be paid for the insurance and related costs.

  3. If you are not happy with your policy, you have a right to cancel it within the cooling off period and obtain a refund of any premiums and levy paid. A written notice signed by the customer should be received by the insurer's Hong Kong Main Office within the cooling off period (that is, within 21 calendar days immediately following either the day of the delivery of the policy or delivery of a Cooling-off Notice (informing the customer or the customer's representative about the availability of the policy and expiry date of the cooling off period), whichever is the earlier). After the expiration of the cooling off period, if the customer cancels the policy before the end of the benefit term, the projected total cash value may be less than the total premium you have paid.

  4. Life insurance products are not equivalent to time deposits. They are not protected deposits, and are not protected by the Deposit Protection Scheme in Hong Kong.


Disclaimers
China Construction Bank (Asia) Corporation Limited (Insurance Intermediary License No: FA3132) (“the Bank”) is the appointed insurance agency of FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life") and China Taiping Life Insurance (Hong Kong) Company Limited ("TPLHK"), to distribute life insurance products in the Hong Kong Special Administrative Region. Relevant life insurance products are the products of the insurance company(ies) but not the Bank. The above life insurance products are issued and underwritten by FWD Life or TPLHK. FWD Life and TPLHK are authorized and regulated by the Insurance Authority (“IA”) to carry on long-term insurance business in the Hong Kong Special Administrative Region. Please refer to the sales documents, including product brochure, benefit illustration and policy documents and provisions issued by FWD Life or TPLHK for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, important notes, policy costs and fees) of the life insurance products.  FWD Life and TPLHK reserve the right to decide at each of their sole discretion to accept or decline any application for life insurance product according to the information provided by the proposed Insured and the customer at the time of application. In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however, any dispute over the contractual terms of the life insurance product should be resolved between FWD Life or TPLHK and the customer directly. Information on this website is intended to be distributed in the Hong Kong Special Administrative Region (“Hong Kong”) for reference only, and shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any insurance product in or outside Hong Kong.

Pursuant to the Insurance (Levy) Regulation (Cap. 41I) and the Insurance (Levy) Order (Cap. 41J) under the Insurance Ordinance (Cap. 41), the IA collects levies for insurance premiums from policyholders with effect from 1 January 2018. For further details, please visit the website of IA. For the latest information about the IA, please visit https://www.ia.org.hk. For the latest information about The Insurance Complaints Bureau, please visit https://www.icb.org.hk.

Risk Disclosure

Customers should read the sales documents, including product brochure, benefit illustration (if applicable) and policy documents and provisions issued by relevant insurance company to understand the details of the insurance plan (including but not limited to detailed terms, conditions, coverage, exclusions, fees and product risks) and consider whether the insurance product meets their personal needs before application. Policyholders are subject to the credit risk of relevant insurance company.
For life insurance product, an insurance plan may comprise a savings element. Part of the premium will be paid for the insurance and related costs. If a customer is not completely satisfied with his/her life insurance policy, the customer has a right to cancel it within the cooling off period and obtain a refund of relevant premium and levy paid. To exercise such right, a notice of cancellation signed by the customer must be received by relevant insurance company’s Hong Kong Main Office within the cooling off period (i.e. within 21 calendar days immediately following either the day of the delivery of the policy or delivery of a Cooling-off Notice (stating the availability of the policy and expiry date of the cooling off period) to the customer or the customer’s nominated representative, whichever is the earlier). After the cooling off period is expired, if a customer cancels the policy before maturity, the surrender value may be less than the total premium the customer has paid.