Zurich announces the launch of Swiss Fortune Universal Life Plan

In response to customers’ growing demand for flexible savings insurance plans, Zurich Insurance (Hong Kong) (“Zurich”) announces the launch of Swiss Fortune Universal Life Plan (“Swiss Fortune”). Swiss Fortune is Zurich’s first universal life product in ten years. The plan features flexible contributions, monthly crediting interest, loyalty bonuses, and wealth inheritance options that cater to the evolving financial needs of customers.

Swiss Fortune aims to help customers seize investment opportunities in the market and achieve long-term financial goals, such as retirement and education fund. It does so by providing customers with the upside return potential of equity market, whilst limiting the downside risk from traditional equity investment. In addition, Swiss Fortune benefits from the flexibility in traditional universal life product and relatively effective risk management investment strategies¹, catering to the diverse needs of our customers for wealth appreciation and succession planning.

Key features

1. Wealth accumulation to meet your saving goals

Swiss Fortune offers crediting interest² and loyalty bonus² to help accumulating your wealth to meet your financial goals.

2. Flexible premium payment

The change of regular premiums and premium holiday³ features provide you with extra financial flexibility.

3. Life protection & death benefit settlement option to safeguard your family

Swiss Fortune provides death benefit and death benefit settlement option which offers financial assistance to loved ones when unfortunate happened to life insured.

4. Inherit your wealth with your loved ones with up to 150 years policy term

Change of life insured option and assignment of contingent life insured option help you pass on your wealth to whom matters most of you.

5. Policy split option to help you pass on your wealth

The policy split option allows you to transfer certain percentage of account value and notional amount⁴ from your policy (“Original Policy”) to a new policy(ies) (“Split Policy(ies)”).

6. Withdraw cash flexibly to fulfil your changing needs

To address your changing needs in the future, Swiss Fortune offers two options of account value withdrawals to cater your needs.

Special offer for first year crediting interest

Enjoy first year crediting interest promotion rate of 8% for successful application for Swiss Fortune from now to June 30, 2023 (both dates inclusive).

For more information about Swiss Fortune Universal Life Plan and the special offer, please click here.

Remarks

¹The investment strategy may be subject to change depending on the market conditions and economic outlook. Please refer to Swiss Fortune Product Brochure to learn more about the investment policy, objective and strategy. Should there be any material changes in the investment strategy, we will inform policyholder of the changes, reasons for changes and the impact to the policyholder.

²Crediting interest and loyalty bonus are not guaranteed and may even be zero.

³Exercising premium holiday may lower the account value, which is used to calculate the loyalty bonus, surrender value and death benefit.

⁴The notional amount is an amount we use to calculate the premium, policy charges and relevant policy values. The notional amount is irrelevant to death benefit we will pay upon the death of life insured.

Disclaimers

The insurance product mentioned in this material is underwritten by Zurich Life Insurance (Hong Kong) Limited (“Zurich Insurance”) (“Zurich Insurance”) and is intended only for sale in the Hong Kong SAR. This material should not be regarded as an offer or solicitation to sell any insurance products or services in any jurisdiction in which such offer or solicitation would be unlawful in such jurisdiction.

The product information provided herein is for reference only and does not form part of the insurance contract. Please refer to the product brochure for the detailed features and the policy provisions for the detailed terms and conditions. In case of inconsistency, the policy provisions shall prevail. Zurich Insurance reserves the right of final approval and decision on all matters.