Fubon Term Life Protector is a term life insurance plan with no savings elements. By paying the required premium for the entire target protection period for at least 1 year with your income and/or liquid assets, the designated beneficiary(ies) will receive a lump-sum Death Benefit in the event that the Insured Person passes away. If you surrender the Policy after the cooling-off period, the paid premium will not be refunded. If this is not what you expect, the Plan may not be suitable for you and you should not purchase the Plan.

The premium will be paid to Fubon Life Hong Kong and part of the premiums will become part of the assets of Fubon Life Hong Kong while part of it will be paid for the insurance and related costs. The Policyowner does not have any direct rights nor ownership over any of these assets. The Policyowner’s rights are subject to terms and conditions of the Policy Provisions and his/her recourse is against Fubon Life Hong Kong only.

You should pay the initial premium on or before the Policy Date and thereafter pay the premium(s) on time according to the selected premium mode. Besides, if you fail to make premium payment before the expiry of the Grace Period (within 31 days after the premium due date), the Policy will be terminated on the premium due date that triggers the Grace Period. You will lose the coverage afterward and no premium paid will be refunded to you.

Unless you surrender the Policy during the cooling-off period, you will not be able to get back any premiums paid if you surrender the Policy after Policy issuance. Please refer to the cooling-off period under Important Notes for details.

Unless otherwise specified, the Policy ends immediately on the earliest of the following dates:

• Date of death of Insured Person;
• Date of Policy Anniversary immediately on or after the 85th birthday of the Insured Person ;
• Approval date of surrender or the last Premium Due Date (whichever is earlier) when you surrender the Policy ;
• Date of Policy Anniversary immediately on or after Fubon Life Hong Kong approves your written request not to renew the Policy; or
• The Premium Due Date that triggers Grace Period in case Fubon Life Hong Kong cannot collect any subsequent premiums due by the expiry of Grace Period.

If the Insured Person commits suicide whilst sane or insane within the first 13 months from the Issue Date or the last Reinstatement Date (whichever is later), Fubon Life Hong Kong shall only refund to the Policyowner or the estate of the Policyowner the paid premium without interest .

The benefits provided under your Policy may not be sufficient to meet your future needs as the future costs of living may be higher than that of today due to inflation.

Fubon Life Hong Kong is the underwriter of the Plan. The Policy is subject to Fubon Life Hong Kong’s credit risk. If Fubon Life Hong Kong is unable to satisfy the financial obligations of the Policy, in the worst scenario, you may lose substantial part of, and even all, premiums paid and benefits provided under the Policy.

Fubon Term Life Protector is a pure life insurance plan without savings elements. All of the premiums pay for the insurance and related costs. The Policy is underwritten by Fubon Life Hong Kong and is subject to Fubon Life Hong Kong’s credit risk. In the worst scenario, you may lose all premiums paid and benefits provided under the Policy. You must be aware of the long-term nature of life insurance plan. Unless you surrender the Policy during the cooling-off period, you will not be able to get back any premiums paid if you surrender the Policy after Policy issuance and thus resulting in a pecuniary loss. You should fully understand all of the risks involved in this product and consider whether this product is affordable and suitable to you before making your application. If you are not satisfied with the Policy, you have the right to cancel the Policy within the cooling-off period and obtain a refund of any premiums paid by notifying Fubon Life Hong Kong via Customer Connect, the online policy enquiry platform, or by giving written notice to Fubon Life Hong Kong provided that you have not made any claims under the Policy. Such online notification must be submitted via Customer Connect while the written notice must be signed by you. Either the online notification or the written notice must be received directly by Fubon Life Hong Kong within 21 calendar days immediately following either the day of the delivery of the Policy or the Cooling-off Notice to you, whichever is earlier. Mailing address of Fubon Life Hong Kong is Suites 701-705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong.

If the Policy remains in force at the end of the Policy Term and the Insured Person is under the age of 85, the Policy will be automatically renewed for another Policy Term of 1 year at the end of each Policy Term, but you must pay all premiums on time.

The premium will be determined based on the age and risk class (i.e. gender and smoking habit)of the Insured Person at the time of Policy application. Upon renewal, the premium will be adjusted in accordance with our prevailing Premium Table applicable to the risk class and the attained age of the Insured Person at the time of renewal. Renewal premiums are not guaranteed. Fubon Life Hong Kong will review the renewal premiums from time to time based on factors including but not limited to actual claims experience, outlook of future claims experiences and foreseeable expenses. A renewal notice will be sent to the Policyowner before the end of the Policy Term.

If you are not completely satisfied with the Policy, you may return the Policy with your signed written request to Fubon Life Hong Kong or submit request via Customer Connect, the online policy enquiry platform, for its cancellation. The Policy will be cancelled and the premium paid will be refunded, provided that the online or written cancellation request must be received directly by Fubon Life Hong Kong within 21 calendar days immediately following either the day of delivery of the Policy or the Cooling-off Notice to you, whichever is earlier. The Cooling-off Notice is the notice sent to you (separate from the Policy) notifying you of your right to cancel within the stated 21 calendar day period. The business address of Fubon Life Hong Kong’s Customer Services Department is Suites 701-705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong. No premium shall be refunded if claim payment is made under this Policy. If you cancel the Policy after the expiry of the cooling-off period, you will not be able to get back any premiums paid.

Effective from 1 January 2018, all Policyowners are required to pay a levy on each premium payment made for both new and in-force Policies to the Insurance Authority (“IA”). Pursuant to the current policy, the levy will be borne and settled by Fubon Life Hong Kong to the IA and Fubon Life Hong Kong reserves the right to change such policy. For levy details, please visit Fubon Life Hong Kong’s website at www.fubonlife.com.hk/products_philosophy_en.html or IA’s website at www.ia.org.hk.

• Fubon Life Hong Kong is solely responsible for all content, approvals, coverage and benefit payment of the Plan.
• Fubon Life Hong Kong reserves the right to accept or reject any insurance application.
• The information in this web page is published by Fubon Life Hong Kong which is fully responsible for all the information stated in the website.
• The information in this web page does not contain the full terms of the Policy and is intended for reference only. The full Policy terms and conditions are set out in the Policy Provisions of the Plan. Please download and refer to the Policy Provisions and Premium Table of the Plan for details.
• The information in this web page is for publishing in Hong Kong only and is intended for persons located in Hong Kong only and not intended for persons located in jurisdictions which restrict the distribution of information by Fubon Life Hong Kong. In any event, the information in this web page shall not be construed as an offer to sell or solicitation to buy or provision of any insurance of Fubon Life Hong Kong outside Hong Kong.
• Fubon Life Hong Kong is a private company limited by shares incorporated and registered in Hong Kong and its registered office is situated at Suites 701-705, 7/F, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong.