Important information

• Swiss Elite, Matterhorn, Magnitude*, Brilliant Link*, Deluxe Link*, Deluxe Link Junior*, Harvest Link*, Maxi Link*, Smart Link*, Treasure Link* and Wealth Link* are investment-linked assurance schemes (individually, the “ILAS policy”; and collectively, the “ILAS policies”), which are life insurance policies issued by Zurich Life Insurance (Hong Kong) Limited (“Zurich” , “we”).
• It is not a bank savings product. Your investments are subject to the credit risks of Zurich and other investment risks. Although your ILAS policy is a life insurance policy, the policy value is linked to the performance of the corresponding underlying funds of the investment choices as selected by you from time to time, and are subject to investment risks and market fluctuation. The policy value and benefits payable may be significantly less than your premiums paid and may not be sufficient for your individual needs.
• What you are investing in is an ILAS policy. The premium(s) paid by you towards the ILAS policies, and any investments made by Zurich in the underlying funds, will become and remain part of the assets of Zurich. You do not have any rights or ownership over any of those assets. Your recourse is against Zurich only.
• The premiums received from you will be invested by Zurich into the underlying funds corresponding to the investment choices as selected by you for our asset liability management. However, the units allocated to your ILAS policy is notional and is solely for the purpose of determining the policy value and benefits of your ILAS policy.
• The value of your ILAS policy is calculated and determined by us based on the performance of your selected investment choices (linked to the corresponding underlying funds). Besides, your return under the ILAS policy is subject to various ongoing fees and charges levied by us and will be lower than the return of the corresponding underlying funds. Each of the underlying funds has its own investment profile and associated risks. The range of investment choices and their corresponding underlying funds available for selection are listed in the investment choices brochure. These underlying funds are authorized by the Securities and Futures Commission pursuant to the Code on Unit Trusts and Mutual Funds. The Securities and Futures Commission’s authorization is not a recommendation or endorsement of an underlying fund nor does it guarantee the commercial merits of an underlying fund or its performance. It does not mean the underlying fund is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.
• The investment choices available under the ILAS policies can have very different features and risk profiles. Some may be of high risk. Corresponding underlying funds of some investment choices are derivative funds where the net derivative exposure may be exceeding 50% or even more than 100% of its net asset value. The derivative funds would be indicated with a remark symbol # or ^ after the name of investment choices. They may only be suitable for investors who understand the complicated structure of derivative products and their associate risk. You may incur significant loss if you invest in such investment choices. You are strongly advised to exercise caution in relation to such investment choices. For details of the investment choices, please refer to the offering documents of the ILAS policies and the offering documents of the underlying funds.
• Investment choice(s) (cash distribution) is/are available under Swiss Elite and Matterhorn only, and is/are investment choice(s) which bear(s) the name ended with (“Dis”). Investment choices (cash distribution) are linked to the share class of the corresponding underlying funds which aim to distribute cash dividend on a regular basis. If you choose to invest into the investment choices (cash distribution), you will receive cash dividend if we receive such cash dividend from the corresponding underlying fund(s). However, please note that:
  1. the corresponding underlying fund of the respective investment choices (cash distribution) may at its discretion pay / effectively pay dividend out of the capital of the underlying fund (i.e., cash dividends may be paid out of gross income while charging/paying all or part of the underlying fund’s fees and expenses to/out of the capital of the underlying fund, resulting in an increase in distributable income by the underlying fund), capital gains or investment income;
  2. payment/effective payment of dividends out of capital by the corresponding underlying fund amounts to a return or withdrawal of part of the original investment or from any capital gains attributable to that original investment;
  3. any distributions involving payment of cash dividends out of capital/ effectively out of capital may result in an immediate reduction of the net asset value per share/unit of the underlying fund after the date of cash dividend payment, which may have a negative impact on the price of the investment choice (cash distribution). This may in turn reduce and result in a deduction to the total account value of the ILAS policy. In this case, loyalty bonus, death benefit, surrender value and maturity benefit will be reduced. If the total account value is reduced to zero, the ILAS policy will be terminated.
  4. the distribution of dividend of the corresponding underlying fund, the dividend rate and the dividend amount are not guaranteed and are subject to the discretion of the underlying fund. There is no guarantee that the underlying fund of an investment choice (cash distribution) will distribute cash dividend or distribute a fixed amount of cash dividend or distribute cash dividend at a periodic frequency. The amount of cash dividend paid is in no way an indication, a forecast or a projection of cash dividend(s) to be paid in the future;
  5. a positive cash dividend yield of an underlying fund does not imply a positive return; and
  6. you should not select investment choices (cash distribution) solely based on the information contained in the offering documents unless you understand them and your licensed insurance intermediary has explained to you how they are suitable to you.
• More importantly, investors of Swiss Elite, Matterhorn, Magnitude*, Brilliant Link*, Deluxe Link*, Deluxe Link Junior*, Maxi Link*, Smart Link* and Treasure Link* should be aware of the following regarding your death benefit and the cost of insurance (“insurance charges”):
  • Part of the fees and charges you pay that will be deducted from the total account value of your ILAS policy will be used to cover the cost of insurance for the life coverage.
  • The cost of insurance will reduce the amount that may be applied towards investment in the underlying funds selected.
  • The cost of insurance may increase significantly during the term of your ILAS policy due to factors such as age and investment losses, etc. This may result in significant or even total loss of your premiums paid.
  • If the value of your ILAS policy becomes insufficient to cover all the ongoing fees and charges, including the cost of insurance, causing the total account value to fall to zero, your ILAS policy may be terminated early and you could lose all your premiums paid and any benefits.
  • You should consult your licensed insurance intermediary for details, such as how the cost of insurance may increase and could impact the value of your ILAS policy.
• These ILAS policies are designed to be held for a long-term period. Early termination, surrender, partial withdrawal, regular withdrawal, policy suspension, exercising premium holiday or reduction in regular premium of your ILAS policy may result in a significant loss of your investment and premiums paid as well as death benefit payable and bonuses awarded (if applicable). Poor performance of the underlying funds may further magnify the investment losses while all fees and charges are still deductible.
• Investment involves risk. You should not purchase this ILAS policy unless you understand it and your licensed insurance intermediary has explained to you how it is suitable for you. The final decision is yours.
• You should not invest based on the information in this website only. You should read the offering documents of the ILAS policies and the underlying funds, which can be obtained from your licensed insurance intermediary or Zurich upon request free of charge, for further details including the risk factors.

* These ILAS policies are not available for new application and cannot continue to be marketed to the public in Hong Kong.

This website is issued by Zurich.

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