Regent Insurance Plan 3 (Prestige Version)

Guaranteed cash value, non-guaranteed annual dividend¹ and non-guaranteed terminal dividend¹

In addition to the increases of guaranteed cash value over the years, Regent Insurance Plan 3 (Prestige Version) distributes non-guaranteed annual dividend¹ annually and declares non-guaranteed terminal dividend¹ starting from the 1^st policy anniversary. To meet your financial needs, you can either withdraw distributed annual dividends immediately, leave it in the policy to accumulate interest over time or to pay for future premiums. To grasp the opportunity to further boost your wealth, terminal dividend¹ will be offered when the policy is surrendered, partially surrendered, reaches its maturity, in the unfortunate event of the death of the insured (Policy Continuation Option has not been exercised) (please refer to At-a-Glance Table for details of Death Benefit), or when you exercise non-guaranteed terminal dividend lock in option⁴.

All-rounded tool for passing on legacy to next generations

While the insured is alive and the Policy is in force, the first-in-market* “Dual Succession” allows the Policy Owner to i) change the Insured unlimitedly² and ii) assign a new Insured in advance through Policy Continuation Option³, even in the event of an accident which leads to failure in changing the Insured on time, this option can prevent the Policy from termination due to the death of the Insured. It provides you the most secure way to pass on your wealth!

1. Unlimited changes of insured and protection of new insured up to age 128²
   
   After the 1^st policy anniversary, you may change the insured for unlimited times². The coverage period will be adjusted to the 128^th birthday of the new insured. Policy value would have sufficient time for wealth accumulation and can be passed on to the next generations infinitely.
2. Policy Continuation Option (to the beneficiary)³
   
   Apart from unlimited changes of insured², the plan specially provides Policy Continuation Option³. While the Insured is alive and the Policy is in force, the Policyowner can assign a Beneficiary. Upon the death of the Insured, the Beneficiary will become the new Policyowner (if applicable) and new Insured. Even if the insured accidentally pass away, the policy can still be passed on to the next generations. The coverage period will be adjusted to the 128^th birthday of the new insured.

Terminal Dividend Lock In Option⁴

To protect your wealth against market volatility, you can choose to apply for one of the following terminal dividend lock in options⁴ to convert and accumulate your terminal dividend¹ in the form of annual dividends¹ or withdraw it in times of need. The converted terminal dividend¹ will become guaranteed and bring you a stable return. Terminal dividend¹ which has been converted and accumulated into annual dividends¹ can also earn interest (if applicable).

1. Automatic Lock In Option⁴
   Starting from the 15^th policy anniversary or the policy anniversary immediately follows the insured reaches the retirement age selected by you (must be 55 years old or above), or the premium end date (whichever is the latest), we will automatically convert terminal dividend¹ into annual dividend¹ on each policy anniversary which is equivalent to 8% of total premiums paid⁹, until the balance of terminal dividends¹ falls which is equivalent to 30% of total premiums paid after conversion.
2. Manual Lock In Option⁴
   Starting from the 15^th policy anniversary or premium end date (whichever is later), you can apply to convert part of the terminal dividend¹ on your choice into annual dividend¹ on your designated policy anniversary(ies). 10% or above of terminal dividend¹ can be converted each time, up to a total of 60%, while a 3-year or above interval between each conversion is required.

Premium Holiday⁵

This plan offers premium holiday⁵ of up to 4 years to provide you with flexibility for your wealth management (please refer to At-a-glance table for more details of Premium Holiday). You can apply for a premium holiday⁵ on or after the 3^rd policy anniversary as long as there is no prepaid premium and indebtedness. The premium payment of the next policy anniversary will be suspended and you do not need to worry about the immediate termination of policy. During the premium holiday⁵, the annual dividends¹ will not be distributed, but the units and guaranteed cash value will remain unchanged; the distributed accumulated annual dividends and interest¹ (if any) will continue to earn interest¹ (if any) during the premium holiday⁵.

Premium Waiver⁶

Accidents or diseases are unforeseeable. Under the following circumstances, we will pay the future premiums of the basic plan to help you out in difficult times.

1. If the insured is 18 years old or above⁶, and is the policyowner at the same time, and diagnosed with total permanent disability¹⁰ before the age of 75, he or she will entitle for the “Waiver of Premium Benefit”⁶. We will pay the future premium of the basic plan for you, up to USD 500,000 (depending on premium payment period) until premium end date that is set at the time of policy issuance. It ensures your wealth accumulation will not be affected (please refer to At-a-Glance Table for details of maximum total amount of premium waived).
2. If the insured is 17 years old or below⁶, and the policyowner (including contingent policyowner¹¹) dies or is diagnosed with total permanent disability¹⁰ before the age of 75, he or she will entitle for the “Payor Benefit”⁶, and we will pay the future premiums of the basic plan for you, up to USD 500,000 (depending on premium payment period) until premium end date that is set at the time of policy issuance to safeguard your child’s future (please refer to At-a-Glance Table for details of maximum total amount of premium waived).

Waiver of Premium Benefit is subject to designated exclusions. Please refer to the “Key Exclusions Section” and Policy Provisions for more details.

Flexible settlement options for death benefit⁷ or full surrender⁸

1. Settlement option for death benefits⁷

In the unfortunate event of the death of the Insured, we will pay a death benefit of up to 110% of total premiums paid⁹ for your peace of mind (please refer to At-a-Glance Table for details of death benefit). While the Insured is still alive and the Policy is in force, the Policy Owner can choose from the following Death Benefit Settlement Options flexibly regarding payment of death benefit to different Beneficiary(ies) in different ways in the unfortunate event of the Insured’s death. It allows each Beneficiary to have the most appropriate arrangement.

1. A lump sum payment; or
2. Regular installment payments⁷ – Monthly, semi-annually or annually over 10, 20 or 30 years; or
3. Increasing installment payment⁷ – The Beneficiary will receive a designated amount of first installment by monthly, semi-annually or annually. Such installments will be increased by 3% each year starting from the 2nd year until death benefit and / or accrued interest¹ (if any) are fully paid; or
4. A designated percentage of death benefit will be received in lump sum. Such percentage must be equal to or more than 5% of the death benefit. The balance will be received by regular installments⁷

For benefit to be paid to the beneficiary(ies) at regular installment / increasing installment payments, the remaining of death benefit (after deduction of a lump sum payment of a certain percentage of the death benefit is paid out, if applicable) must be equal to or more than USD 50,000. The amount of death benefit which is yet to be paid under the death benefit settlement option can also earn interest¹² (if any).

2. Full surrender Settlement Options⁸

Once the policy has been in force for 5 years, and if the policyowner fully surrender the policy, other than a lump sum payment, the Policy Owner can also choose one of the following options to receive the surrender payment if the surrender payment is at least USD 50,000:

1. Payments at regular⁸ – monthly, semi-annually or annually over 10, 20 or 30 years; or
2. Increasing payments⁸ – you can specify the first installment of surrender amount to be received monthly, semi-annually or annually. Such installment will be increased by 3% each year beginning from the second year until all surrender value and / or accumulated interest¹² (if any) are fully paid. The amount of the surrender payment which is yet to be paid can also enjoy an interest¹² (if any).

Flexible plan for your financial needs

Regent Insurance Plan 3 (Prestige Version) offers the options of premium payment periods of 4, 6, 9, 12, 15 and 18 years. If you have opted for a 4-year or 6-year premium payment period, you may choose to pay by lump sum payment, thereby enjoying the benefit of paying up the plan at a lower cost. Interest¹² will also be earned on the prepaid premium¹³ (if any).

No medical underwriting - hassle-free application

The application process of basic plan is simple, and no medical check-up is required, this allows you to accumulate wealth with ease.

Free worldwide emergency assistance service

Once enrolled in the Regent Insurance Plan 3 (Prestige Version), you will have access to free 24-hour worldwide emergency assistance for immediate support wherever you may be. The maximum benefit (per incident) reaches up to USD 1,000,000, including services of emergency evacuation or repatriation and delivery of mortal remains. For details, please refer to related documents.

1. Annual dividend, terminal dividend and interest from accumulated annual dividend are not guaranteed. However, once distributed, the amount of the annual dividend and the accumulated interest will become guaranteed. An annual dividend may be payable at the sole discretion of the company (i) on each policy anniversary after this policy has been in force for a minimum of 1 policy year; (ii) provided that all premiums due have been paid up to each relevant policy anniversary; and (iii) no premium holiday has ever been taken effect. The amount of terminal dividend in each declaration may be greater or lesser than the previous amount based on a number of factors, including but not limited to investment returns and general market volatility. However, we will first deduct any indebtedness under this Policy.
2. Changing the Insured is subject to the prevailing administrative rules and shall not affect the Units, total amount of Cash Value (including guaranteed and non-guaranteed), Policy Date and Policy Year. The maturity date will be changed to the Policy Anniversary on or following the 128^th birthday of the new Insured. The new Insured must be aged 65 years of age (last birthday) or below and must not be older than the initial Insured by 10 years. The change of Insured must be endorsed by the Policy Owner, proposed new Insured and assignee (if any). Both the new Insured and the current Insured must be alive and the Policy is in force at the time the Insured is changed and with satisfactory proof of evidence of insurability for the proposed new Insured. We shall cease to provide any coverage for the Initial Insured or the prior Insured on our record (when applicable and as the case may be) as from the Insured-Change Effective Date. All complementary Policy (if any) and riders (if any) will be terminated on the Insured-Change Effective Date. Please refer to the Policy Provisions for details of changing the Insured.
3. Upon the death of Insured, if the Policy Owner (still alive) and the Insured is different person, the Beneficiary will become the new Insured. And upon the death of Insured, if the Policy Owner dies at the same time or the Policy Owner and the Insured is the same person, the Beneficiary will become the new Policy Owner and new Insured of the Policy, subject to the prevailing administrative rules of the Company. After this option has been exercised, all Policy Units, total amount of Cash Value (including guaranteed and non-guaranteed), Policy Date and Policy Year will remain unchanged. Plan End Date of the basic plan of this Policy will be adjusted to the date of Policy Anniversary on or immediately following the 128th birthday of the new Insured (whichever is applicable). The surrender payment may be equal to or lower than Death Benefit before this option has been exercised. If the Death Benefit Settlement Option has already been selected, you shall cancel the Death Benefit Settlement Option arrangement before your submission of any written request for this Policy Continuation Option. All complementary Policy (if any) and riders (if any) will be terminated on the Policy Continuation Effective Date. Please refer to the Policy Provisions for details of Policy Continuation Option.
4. You can apply changes between Automatic Lock-in Option / Manual Lock-in Option for unlimited times before exercising the “Terminal Dividend Lock In Options”. Once the option has been exercised, no change can be made. The actual amount of converted terminal dividend through “Manual Lock In Option” will be determined after the application is approved. The amount may be lesser or higher than the amount shown at the time when you submit your application. After the conversion of terminal dividend, your future terminal dividend will be reduced accordingly. All terminal dividend not yet be converted can be higher or lower or reduced to zero. While the "Automatic Lock In Option" is in force, the option will be immediately suspended upon partial surrender, and you have to submit a request to resume “Automatic Lock-in Option”.
5. The length of a premium holiday for each application should be a multiple of 1 year until it reaches the maximum limit. Premium holiday is only applicable to the basic plan and will be effective on the next policy anniversary, but all riders or Complementary Policy (if applicable) attached to the policy will be terminated at the same time. Riders or Complementary Policy (if applicable) attached to this policy can be re-attached after premium holiday, however, the premium and approval should be subject to rider application at that time. During the premium holiday, you do not need to pay premiums for the basic plan, the units and guaranteed cash value under the basic plan will remain unchanged during the period, provided that you have not partially surrendered during the premium holiday. The terminal dividend is non-guaranteed. During the premium holiday, we will not distribute any annual dividends, but the accumulated annual dividends and interest (if any) will continue to accumulate with interest at a rate of 4.25% (this interest rate is not guaranteed and will be adjusted from time to time) per annum. Premium holiday is not applicable to policy with 4-year premium payment period. Please refer to the policy provisions for details of premium holiday. We will defer the premium end date and premium due date according to the Premium Holiday period.
6. There are 2 types of premium waivers:
   (i) "Waiver of Premium Benefit" is applicable to the Insured whose age at Policy issuance or the change of Insured is between 18 and 60 and is the Policy Owner at the same time, and is diagnosed with total permanent disability before the age of 75. 
   (ii) "Payor Benefit" is applicable to the latest Insured whose age at Policy issuance or the change of the Insured is at the age 17 or below; the latest Policy Owner (including contingent Policy Owner) whose age at Policy issuance or the change of the Policy Owner (including contingent Policy Owner) is at the age of 60 or below, and dies or is diagnosed with total permanent disability before the age of 75.
   After the waived premium of the basic plan reaches the maximum total amount of premium waived (per Insured) and / or on the waiver of premium end date (until the premium end date that is set at the time of Policy issuance), the Policy Owner should pay the remaining premium; otherwise, the automatic premium loan will be applied, or the Policy will be terminated. In addition to the premiums stated above.
7. If premiums falling due in the relevant Waiver of Premium Benefit Period are paid before we approve a claim of this benefit, such premiums will be fully refunded (with no interest). If the incident is resulted from accident, immediate protection will be given. If a person dies or is diagnosed with total permanent disability due to illness, a 2-year waiting period is required. Please refer to the Policy Provisions for details of “Waiver of Premium Benefit” and “Payor Benefit”. If the policyowner opts for the beneficiary to receive “a lump sum payment for part of the death benefit, and the remaining will be paid by installments”, the lump sum amount should equal to or greater than 5% of the death benefit. However, interest on unpaid death benefit is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected and expected period. Only lump sum death benefit is applicable if an assignment is made. If the beneficiary(ies) die(s) while receiving the regular death benefit payments, the remaining amount will be paid to the beneficiary(ies)’ estate. If no beneficiary(ies) survives the insured and the policyowner is still alive, the death benefit will be paid to the policyowner in accordance with the death benefit settlement option. Policyowner may also request to receive the death benefit in lump sum. If the policyowner dies while receiving the death benefit payment, the remaining death benefit will be paid in a lump sum to the policyowner’s estate. This option is not available for the Policy with Policy Continuation Option being selected. Please refer to the policy provisions for details of Death Benefit Settlement Option.
8. Upon full surrender, the policyowner may choose to receive surrender payment in a fixed amount on payments at regular intervals or increasing payments. However, interest on unpaid surrender payment is not guaranteed, therefore interest may be less than expected and the actual payout period may be shorter than the selected and expected period. If the policyowner dies while receiving the death benefit payments, the remaining surrender payment will be paid in lump sum to the policyowner’s estate.
9. Total premiums paid refers to the total amount of premium(s) due and paid for the basic plan (after large size discount (if applicable)) but before any other premium discount (if any)). For policy with premium prepayment, the premium prepayment in premium deposit account will not be calculated in the total premiums paid. If you partially surrendered this Policy, the total premiums paid will be proportionately reduced.
10. Total permanent disability refers to any of the following that results from an illness or injury: (i) the total and irrecoverable loss of sight of both eyes; or (ii) the complete and permanent paralysis of two limbs or actual severance at or above wrist or ankle of two limbs; or (iii) total and irrecoverable loss of the sight of one eye and either the complete and permanent paralysis of one limb or actual severance at or above wrist or ankle.
11. Contingent policyowner refers to the person who is appointed by the policyowner on our company’s application or on our designated form and is approved as contingent policyowner by our company. Please refer to policy documents for details about the contingent policyowner.
12. The current interest rate offered is 2% p.a., but it is not guaranteed.
13. The premium prepayment option is only applicable to policy with 4-year and 6-year premium payment period and annual premium payment mode. The prepaid premium will be credited to your premium deposit account and accumulate at the prevailing interest rate offered at that time (The current interest rate offered is 2% per annum, but it is not guaranteed). You can withdraw the full amount of the prepaid premiums from the premium deposit account. However, any interest credited will be forfeited. If the amount of the premium deposit account is not sufficient to pay the premium due to a decrease in interest rate, the policyowner is required to make up the relevant premium difference. Otherwise, the policy will be terminated or subject to an automatic premium loan. If the insured passes away, the premium deposit account balance (if any) will be payable to the policyowner without any charge.
14. “Free Worldwide Emergency Assistance Services” are provided by the third party service provider. We reserve the right to change the terms and conditions of “Free Worldwide Emergency Assistance Service” and assumes no responsibility of the services provided by the third party service provider.
15. If the annual dividend is insufficient to settle the full amount of premium due, then you must settle in cash in advance the amount of premium due which cannot be settled by the amount of annual dividend payable, otherwise such reduction will not be made and the entire amount of annual dividend will be left with us to accumulate under accumulation with interest while the total amount of such premium due will be in default. If a reduction of premium is made, any annual dividend in excess will be left with us as accumulation with interest, to reduce any future premium due.
16. The total premiums paid of minimum annual premium is after Large Size Discount (if applicable) but before any other premium discount (if any).
17. Large Size Discount is only applicable to the basic premium (before any other premium discount (if any)) of Regent Insurance Plan 3 (Prestige Version) (“eligible Policy”), premium of other riders (if applicable) will not be entitled to Large Size Discount. Large Size Discount is offered per unit of each Policy of Regent Insurance Plan 3 (Prestige Version). If you have enrolled in more than one Policy of Regent Insurance Plan 3 (Prestige Version), all policies will be entitled to Large Size Discount within the relevant premium payment period. However, the annual premium of these policies will not be aggregated in calculating the Large Size Discount rate. After partial surrender, the Large Size Discount rate will be adjusted according to the reduced units.