Zurich wins Life Insurance Award from Bloomberg for 3 consecutive years
Swiss Fortune Universal Life Plan receives well-deserved recognition
With its innovative life insurance products and flexible wealth management concepts, Zurich has been awarded the prestigious “Life & Wealth Management Insurance - Excellence Performance” in the Bloomberg Businessweek Financial Institutions Awards for three consecutive years.
This year, Zurich once again emerged as the winner of the award with its Swiss Fortune Universal Life Plan (“Swiss Fortune”). Geoffrey Au, CEO of Life Insurance, Zurich Insurance (Hong Kong), said, “We understand customers’ growing demand for flexible savings insurance plans. Swiss Fortune benefits from the flexibility of traditional universal life products and incorporates effective risk management investment strategies1, effectively catering to the diverse needs of our customers for wealth appreciation and succession planning. Winning this award once again serves as a testament to Zurich’s brand excellence, cultivated over a rich history spanning over 150 years, and the exceptional qualities that set Swiss Fortune apart.”
Swiss Fortune offers flexible contributions, monthly crediting interest2 and loyalty bonuses. It also features wealth inheritance options designed to meet the evolving financial needs of customers. It also 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.
Key product features
1. Wealth accumulation to meet your saving goals
Swiss Fortune offers crediting interest2 and loyalty bonus 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.
For more information about Swiss Fortune Universal Life, please click here.
Remarks
1 The 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.
2 Crediting interest is not guaranteed and may even be zero.
3 Exercising premium holiday may lower the account value, which is used to calculate the loyalty bonus, surrender value and death benefit.
4 The 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”) 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.