3-Year Savings Insurance Plan (“the Plan”) is a long-term insurance plan that is underwritten by BOC Group Life Assurance Company Limited (“BOC Life”). BOC Life is authorised and regulated by Insurance Authority.

The Policy Owner is subject to the credit risk of BOC Life. If the Policy Owner discontinues and / or surrenders the insurance plan in the early policy years, the amount he / she will get back may be considerably less than the amount of the premium he / she has paid.

Livi Bank Limited is the appointed insurance agency of BOC Life for distribution of life insurance products. The life insurance product is a product of BOC Life but not Livi Bank Limited. Livi Bank Limited's insurance agency licence no.GA1033.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between Livi Bank Limited and the customer out of the selling process or processing of the related transaction, Livi Bank Limited is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the insurance product should be resolved between directly BOC Life and the customer.

This promotion material is for reference on the key product features of this Plan and is intended to be distributed in Hong Kong only. The Plan is subject to the formal policy documents and provisions issued by BOC Life. Please refer to the sales documents issued by BOC Life for details.

Objective of the application
"3-Year Savings Insurance Plan" is a life insurance plan with savings element. It contains death benefit and additional accidental death benefit (if applicable). Hence, this plan can fulfill your financial need of saving up for the future and financial protection against adversities. Meanwhile, you are willing to consider a life insurance plan to fulfill financial needs aforementioned.

Type and nature of this insurance plan
This is a long-term insurance plan that is underwritten by BOC Life. It is not a bank deposit scheme or bank savings plan, and underwritten by BOC Life.

Coverage Period, Premium Payment Period & Maturity Benefit
The policy term for this insurance plan is 3 years while premium term is single pay. You are entitled to a Guaranteed Cash Value upon policy maturity.

Exchange Rate Risk
CNY policies are subject to exchange rate risk. The exchange rate between CNY and HKD may rise as well as fall. Therefore, premiums, levies, premium benefits under CNY policy will vary with the exchange rate if they are converted into HKD (if applicable).

Affordability & liquidity risk
You confirm that the premiums payable of the policy do not exceed 50% of your net liquid assets or 50% of your net annual income. Therefore, you can afford the premium payable and applicable levies of the entire insurance plan period. At the same time, you confirm that you have annual income over HKD120,000 or investable asset over HKD100,000. You also understand that after applying for this insurance plan, the basic living expenses can still be supported by your income or assets. You want to apply this insurance plan after you considered your need on liquid funds. You are expected to keep the policy for the entire policy term. If you decide to make fully or partially surrender before policy maturity, or you do not keep up your premium payments, you may receive an amount less than the premiums paid and suffer from a significant loss.

Policy replacement
If you are purchasing the life insurance policy to replace an existing life insurance policy, you should seek professional advice to understand the associated risks and detrimental consequences of policy replacement.