AIA Hong Kong has once again gone beyond traditional insurance and captured the opportunity to innovate with highly competitive wealth management solutions coupled with a variety of ecosystem services that cater for high net worth customers. The Company announces the launch of AIA "Wealth Enrich" life insurance plan that offers optimal projected returns in the short to medium term, which are rare in the market. The projected annualised return in the 5th policy year can be as high as 2.09%, and that in the 10th year can be up to 4.00%. AIA "Wealth Enrich" also offers a choice of options, including "Terminal Dividend Lock-in Option"1, "Change of Insured Option"2 and "Contingent Insured Option"2, etc, which enable customers to plan for their retirement and pass on their legacy with added flexibility to factor in market changes and to meet their personal needs, thereby making their long term wealth planning even more flexible. In addition, application for AIA "Wealth Enrich" is simple and easy, as no medical examination3 is required.
Ms. Alice Liang, Chief Proposition Officer of AIA Hong Kong & Macau, said: "AIA 'Wealth Enrich' exemplifies our customer centricity and provides customers with optimal projected returns in the short to medium term, which are rare in the marketplace, offering them opportunities to accumulate wealth. The highly flexible plan helps them cope with the ever-changing market and seize opportunities to boost their capital. Designed to meet customers' various financial goals over the long term, AIA 'Wealth Enrich' helps them plan for their retirement and legacy with added flexibility."
On top of the new insurance plan, AIA Hong Kong has also tailored a selection of innovative services –"Experience for the Extraordinary"4 and "The Joy of Healthy Living"4 – to cater for its discerning customers. All eligible customers are in for a treat designed to pamper the body and mind. "Experience for the Extraordinary" 4 features "Exclusive Encounters with Rosewood Master" and "Wellness Bliss at Four Seasons Hotel Macao Cotai Strip", where customers can enjoy a one-night stay at either hotel and a choice of extraordinary experiences including Wellness Class, Vibrational Sound Therapy, Cocktail Masterclass, Flower Workshop and Tea Masterclass. "The Joy of Healthy Living"4 has two packages on offer. Customers can choose from either "Lifestyle & Wellness" that includes hair treatment and skincare services, or "Health & Medical Check-Up" that offers a comprehensive range of health screenings and check-ups. All these services are designed to take total care of the customer's physical and mental health and elevate their overall health and wellness experience.
AIA "Wealth Enrich" is a participating whole life insurance plan that covers the entire lifespan of the insured. Key features of the plan include:
- Rare in the Market – Optimal Short to Medium Term Returns: The plan provides guaranteed cash value, non-guaranteed Annual Dividends and non-guaranteed Terminal Dividend for long-term wealth accumulation. With a flexible investment strategy, the plan's target investment portfolio comprises various asset classes, including equity-like assets, bonds and other fixed-income instruments, to achieve optimal projected returns. The projected annualised return in the 5th policy year can be as high as 2.09%, and that in the 10th policy year can be up to 4.00%. Products with such returns in the short to medium term are rare in the market.
- "Terminal Dividend Lock-in Option"1: Starting from the end of the 15th policy year, customers can transfer a certain percentage of the Terminal Dividend to a Terminal Dividend Lock-in Account to earn interest at a non-guaranteed rate. Customers can withdraw cash from the Terminal Dividend Lock-in Account anytime without reducing the principal amount of their policy to meet their financial needs throughout different life stages.
- "Change of Insured Option"2 and "Contingent Insured Option"2: During the lifetime of the current insured and after the end of the 1st policy year, the "Change of Insured Option"2 allows customers to change the insured to another loved one as many times as they wish, helping them pass on their wealth with extra flexibility. With the "Contingent Insured Option"2, during the lifetime of the current insured, customers can designate another loved one, e.g. their spouse, as a contingent insured. Upon the passing of the current insured, the contingent insured may become the new insured without affecting the policy values so as to protect and pass on their legacy.
- Easy Application3: No medical examination is required for the application as long as the relevant aggregated premium does not exceed US$4,000,000 and the insured's age is between 15 days and 75 years old.
- Accidental Death Benefit5: On top of the death benefit, if the insured passes away due to an accident within the first 12 months of the policy, an additional Accidental Death Benefit of up to US$250,000 will be paid.
