Participating products

The following table shows the fulfillment ratios for each of the participating product series. The calculation includes new policies issued by the Company since 2010. The fulfillment ratios are intended as a reference to assist prospective customers in making purchase decision. Please be alerted that the historical dividends / bonuses are not an indicator of future dividends / bonuses declaration of the participating products.

Calculation of Fulfillment Ratio

Fulfillment ratio for annual dividends
The fulfillment ratio for annual dividends is calculated as the ratio of aggregate actual accumulated annual dividends, and actual interests accumulated on dividend and guaranteed cash payment against the illustrated amounts at the point of sale for all relevant inforce policies in the reporting year. It is assumed that all premiums are paid in full when due, no cash withdrawal or policy loans are taken throughout the term of the policy and policyholders opt to leave all declared dividends, guaranteed cash payments and monthly incomes with the Company for interest accumulation based on the relevant actual interest rates.
Fulfillment ratio for reversionary bonuses
The fulfillment ratio for reversionary bonuses is calculated as the ratio of aggregate actual total reversionary bonuses against the illustrated amounts at the point of sale for all relevant inforce policies and all relevant policies terminated in the reporting year. It is assumed that all premiums are paid in full when due, no cash withdrawal or policy loans are taken throughout the term of the policy and policyholders opted to leave all declared reversionary bonuses to accrue in the policy. For the avoidance of doubt, cash value of reversionary bonuses is factored in the calculation. The face value of reversionary bonus is guaranteed once declared while the cash value of reversionary bonus is not guaranteed.
Fulfillment ratio for terminal dividends / terminal bonuses
The fulfillment ratio for terminal dividends / terminal bonuses is calculated as the ratio of aggregate payout of terminal dividends/ terminal bonuses against the illustrated amounts at the point of sale for all relevant policies which were actually terminated in the reporting year. It is assumed that all premiums are paid in full when due, no cash withdrawal or policy loans are taken throughout the term of the policy. Similarly, cash value of terminal bonuses is factored in the calculation. Terminal dividends / terminal bonuses can change from year to year or more frequently and the cash value of terminal bonuses is not guaranteed.

Please select the product series

Notes:
  1. As the fulfillment ratios are calculated on aggregate level among all relevant participating policies including all premium payment terms of the product series and assumptions relating to premium payment, dividend/coupon payment options, withdrawal and policy loan etc are made, the fulfillment ratios shown in the table may not represent the situation of each individual participating policy.
  2. The figures are calculated based on the data as of relevant reporting year and have been rounded to the nearest percent.
  3. The product series shown are those which have new policies issued since 2010. For the avoidance of doubt, products that were launched after the reporting year are excluded.
  4. The Product Type "Whole Life" is referring to both products covering whole of life and products covering up to age 100 only.
  5. Fulfillment ratio would not be applicable (i.e. shown as “N.A.”) for some policy years of some products under the following situations,
    1. Under the fulfillment ratio for annual dividends and reversionary bonuses,
      1. there are no relevant inforce policies and no relevant policies terminated (applicable to reversionary bonuses plan only) in the reporting year; or
      2. up to the corresponding policy years, no annual dividends or reversionary bonuses has been declared;
    2. Under the fulfillment ratio for terminal dividends and terminal bonuses,
      1. there are no relevant inforce policies in the reporting year;
      2. there are relevant inforce policies but no relevant policies has been terminated in the reporting year; or
      3. in the corresponding policy years, no terminal dividends or terminal bonuses has been declared
  6. Fulfillment ratios for some products may be available before the product is launched or after the product is closed to sales. It may be due to various policy actions including but not limited to actions that involve change in policy date, for example, redating reinstatement, policy backdating and plan change. Redating reinstatement means changing policy date due to reinstating the policy status as inforce.
  7. The figures reflect previous dividend and bonus declarations of participating products, and the payout after last declaration in reporting year 2023 considered investment experience and outlook up to first quarter of 2023.
  8. Above figures do not reflect any dividend and bonus declarations after the reporting year, and the up-to-date dividend and bonus of individual inforce policy is reflected and stated in the policy value of the respective anniversary statement.