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Target Savings Insurance
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Target Savings Insurance is the ideal way to truly make your money work for you.
With a flexible, short-term premium payment period, high potential return on
savings, and comprehensive protection, Target Savings Insurance is the solution
you can count on to protect your well being today and your financial future
tomorrow.
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Short Term Premium Payment for Long Term Protection
Target Savings Insurance provides you with three choices of protection terms. With a shorter premium payment commitment, you have the flexibility to tailor a solid financial protection and savings plan to suit your needs.
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| Payment Term |
Protection Term |
Age at Issue* |
| 5 Years |
10 Years |
0 - 55 |
| 8 Years |
15 Years |
0 - 50 |
| 10 Years |
20 Years |
0 - 45 |
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* Age 0 represents a minimum of 3 months of age.
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Smart Choice for High Return Savings
Upon maturity of the plan, you will receive not only a lump sum equal to the sum insured, but also a guaranteed cash bonus, accumulated dividends1 (if any), and special maturity dividend1 (if any).
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Guaranteed Cash Bonus
To help you realise your savings goal, a Guaranteed Cash Bonus equal to a percentage of the sum insured will be payable at each policy anniversary in accordance with the schedule below.
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| Plan |
Guaranteed
Cash Bonus
(as a percentage of the sum insured) |
Guaranteed
Cash Bonus
Start Payment
Date |
Total Guaranteed
Cash Bonus
(as a percentage of the sum insured) |
| 5-Year Pay |
2.50% |
The 5th Policy
Anniversary Date |
15% |
| 8-Year Pay |
2.25% |
The 8th Policy
Anniversary Date |
18% |
| 10-Year Pay |
2.00% |
The 10th Policy
Anniversary Date |
22% |
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Accumulated Dividends1
You are entitled to a policy dividend declared annually while the policy is in force. The dividends may be withdrawn in cash or retained in the plan to earn interest.
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Special Maturity Dividend1
As a reward for your commitment, a Special Maturity Dividend equal to 10%2 of the Accumulated Value, if any, will be paid on the policy maturity date. The Accumulated Value at the policy maturity date is equal to the Accumulated Dividends and the Accumulated Guaranteed Cash Bonus retained with interest.
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Full Coverage with Peace of Mind
Target Savings Insurance provides you with comprehensive protection. In the event of death due to accident or illness, a lump sum equal to the sum insured plus guaranteed cash bonus and accumulated dividends1 (if any) will be paid to the appointed beneficiary(ies).
Moreover, you can also apply for the following optional benefits to meet your needs:
- Waiver of Premium Benefit Rider / Payor Benefit Rider
- Accidental Death and Dismemberment Benefit Rider
- Critical Illness Rider
- Yearly Renewable Term Insurance Rider
- Hospitalisation & Surgical Benefits Rider
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Reference Table3
The following illustration is based upon a non-smoking male aged 30:
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| Plan |
5-year Pay Plan |
8-year Pay Plan |
10-year Pay Plan |
Payment Term |
5 years |
8 years |
10 years |
Protection Term |
10 years |
15 years |
20 years |
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Annual
Contribution
(HKD) |
Total Saving
Value at Maturity#
(HKD) |
Total Saving
Value at Maturity#
(HKD) |
Total Saving
Value at Maturity#
(HKD) |
| 20,000 |
137,068 |
259,402 |
387,322 |
| 40,000 |
274,135 |
518,803 |
774,643 |
| 50,000 |
342,669 |
648,504 |
968,304 |
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| Notes: |
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Contributions are assumed to be made annually.
The minimum savings target of the Target Savings Insurance (5-Year Pay) plan is HKD50,000 and for other Target Savings Insurance plans, the minimum savings target is HKD100,000. |
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The Total Savings Value at Maturity is equal to the sum of (i) guaranteed cash value, (ii) guaranteed cash bonus plus projected accumulated interest1, (iii) projected accumulated dividends1, and (iv) projected special maturity dividends1. |
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The dividend, special maturity dividend and the interest rate for dividend accumulation are not guaranteed. |
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The special maturity dividend rate is determined at the policy maturity date, and it is not guaranteed. |
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All figures in the table are for reference only and may differ slightly from other illustration documents due to rounding difference and the policy currency selected. |
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The above information is for
reference only. Please refer to the actual policy for exact terms and
conditions.
For further enquiries or application, please contact our Financial Consultant.
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The Bank of East Asia, Limited is an insurance agent authorised by BEA Life Limited ("BEA Life") and Blue Cross (Asia-Pacific) Insurance Limited ("Blue Cross"), members of the BEA Group. BEA Life Insurance Series and General Insurance Series are underwritten by BEA Life and Blue Cross respectively.
This is a redirect webpage hosted by Blue Cross (Asia-Pacific) Insurance Limited.
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