Well Link Life's Well Save 3-Year Endowment Pro 2 (the 'Plan') provides guaranteed cash values and protections on terminal illness, accident, and death and accidental death. You can enjoy a guaranteed return up to 3.88% p.a. in 3 years.
Product Type
Basic Plan
Issue Age (on last birthday)
Age 18 to Age 70
Premium Payment Term
Single premium
Benefit Term
3 Years
Policy Currency
HKD / RMB / USD
Minimum Single Premium Amount
HKD60,000 / RMB60,000 / USD7,500
Maximum Single Premium Amount
HKD3,600,000 / RMB3,600,000 / USD450,000
Premium Payment Mode
Single
Terminal Illness Benefit^
Equivalent to 105% of total premiums paid 1 or the guaranteed cash value at time of diagnosis with terminal illness (whichever is higher) less any indebtedness
Accidental Total and Permanent Disability Benefit*
Equivalent to 135% of total premiums paid 2 or the guaranteed cash value at time of accident (whichever is higher) less any indebtedness
Death Benefit
Equivalent to 105% of total premiums paid 3 or the guaranteed cash value at date of life insured's death (whichever is higher) less any indebtedness
Accidental Death Benefit
If the life insured dies as a result of an accident, an extra accidental death benefit will be paid, which is equivalent to 30% of total premiums paid 4 at the time of the accident less any indebtedness
Surrender Benefit / Maturity Benefit
Guaranteed cash value at time of surrender or on maturity date less any indebtedness
Settlement option for Maturity Benefit
Policyowner can choose to receive maturity benefit in a lump sum or by annual annuity payments5 for 5 years
^. Terminal illness means the conclusive diagnosis of an illness that is expected to result in the death of the Life Insured within twelve (12) months. The policy will be terminated upon payment of terminal illness.
1. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan Series (Please click here for the product list.), the total amount of 105% total premiums paid of all policies under the Endowment Plan Series, for each life insured should not exceed 100% of total premiums paid under such plans that provide terminal illness benefit as at the time of diagnosis with terminal illness of life insured plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).
*. Total and permanent disability means that after one hundred and eighty-three (183) days from the date of Accident of continuous total disability which has resulted from the Injury, the life insured is completely unable to engage in any gainful employment, occupation or profession or to obtain any wages, compensation or profit for the remainder of his life. The policy will be terminated upon payment of accidental total and permanent disability benefit.
2. Accidental total and permanent disability benefit is only payable on or before life insured’s 65th birthday. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan Series (Please click here for the product list.), the total amount of 135% total premiums paid of all policies under the Endowment Plan Series, for each life insured should not exceed 100% of total premiums paid under such plans that provide accidental total and permanent disability benefit as at the time of accident plus HKD500,000 / RMB500,000 / USD62,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).
3. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan Series (Please click here for the product list.), the total amount of 105% total premiums paid of all policies under the Endowment Plan Series for each life insured should not exceed 100% of total premiums paid as at the date of life insured’s death plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).
4. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan Series (Please click here for the product list.), the total amount of 30% total premiums paid of all policies under the Endowment Plan Series that provide accidental death benefit for each life insured should not exceed HKD500,000 / RMB500,000 / USD62,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).
5. Annuitization rate is not guaranteed and shall be determined by the Company in its absolute discretion at the time of maturity of this Policy. Once the annuitization rate is determined at the time of maturity, it becomes guaranteed.
Note:
1. This plan is underwritten by Well Link Life Insurance Company Limited.
2. The above content contains general information for reference only and does not form part of the policy. Please refer to the policy document for benefit coverage and exact terms and conditions. For enquiries, please contact our Insurance Consultants, or call our Customer Service Hotline at +852 2830 7500.
