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- Grand Fortune Whole Life Protection Series
Grand Fortune Whole Life Protection Series
Build a strong foundation for your loved ones
Enjoy flexible wealth management to plan for the future
Get comprehensive life protection and reach your long term financial goals
Issue Age*: 0 (15 days after birth) to 75
Grand Fortune Whole Life Protection Series includes Grand Fortune Whole Life Protection Plan and Grand Fortune Whole Life Protection Plan (Lite).
Single Premium Simple Management
Simply pay a lump sum premium and start your financial planning with whole life protection.
Flexible Underwriting
Go for simplified underwriting with no health exam required, or choose full underwriting for more comprehensive protection at lower premiums. 1
Additional returns with double dividends
On top of a guaranteed cash value, Policyowner may receive Annual Dividends (non-guaranteed)2 and Terminal Dividend (non-guaranteed)2 when the policy is surrendered.
Flexible Death Benefit Settlement Options
Choose from six payout options to customise how the death benefit is distributed to your loved ones.
- Feature
- Total Death Benefit
| Grand Fortune Whole Life Protection Plan | ||
|---|---|---|
| Benefit Class | Feature | Total Death Benefit |
| Grand Fortune Whole Life Protection Plan – 100 | Full underwriting and protection oriented | 100% of Sum Assured, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any). |
| Grand Fortune Whole Life Protection Plan – 50 | Full underwriting, balancing savings and protection | 100% of Total Premiums Paid or applicable percentage of Sum Assured stated in the below Schedule of Death Benefit (whichever is greater), plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any). |
Grand Fortune Whole Life Protection Plan – 100
Grand Fortune Whole Life Protection Plan – 100
Full underwriting and protection oriented
100% of Sum Assured, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
Grand Fortune Whole Life Protection Plan – 50
Grand Fortune Whole Life Protection Plan – 50
Full underwriting, balancing savings and protection
100% of Total Premiums Paid or applicable percentage of Sum Assured stated in the below Schedule of Death Benefit (whichever is greater), plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
Schedule of death benefits:
(applicable to Grand Fortune Whole Life Protection Plan – 50)
- Percentage of Sum Assured
| The Life Insured's death occurs: | Percentage of Sum Assured |
|---|---|
| At or before the end of the 15th Policy Year | 100% |
| Within the 16th Policy Year | 95% |
| Within the 17th Policy Year | 90% |
| Within the 18th Policy Year | 85% |
| Within the 19th Policy Year | 80% |
| Within the 20th Policy Year | 75% |
| Within the 21st Policy Year | 70% |
| Within the 22nd Policy Year | 65% |
| Within the 23rd Policy Year | 60% |
| Within the 24th Policy Year | 55% |
| Within the 25th Policy Year and thereafter | 50% |
At or before the end of the 15th Policy Year
At or before the end of the 15th Policy Year
100%
Within the 16th Policy Year
Within the 16th Policy Year
95%
Within the 17th Policy Year
Within the 17th Policy Year
90%
Within the 18th Policy Year
Within the 18th Policy Year
85%
Within the 19th Policy Year
Within the 19th Policy Year
80%
Within the 20th Policy Year
Within the 20th Policy Year
75%
Within the 21st Policy Year
Within the 21st Policy Year
70%
Within the 22nd Policy Year
Within the 22nd Policy Year
65%
Within the 23rd Policy Year
Within the 23rd Policy Year
60%
Within the 24th Policy Year
Within the 24th Policy Year
55%
Within the 25th Policy Year and thereafter
Within the 25th Policy Year and thereafter
50%
- Feature
- Total Death Benefit
- Total Death Benefit
| Grand Fortune Whole Life Protection Plan (Lite) | |||
|---|---|---|---|
| Benefit Class | Feature | Total Death Benefit | |
| Grand Fortune Whole Life Protection Plan (Lite) – 100 | Simplified underwriting and protection oriented | Applicable to the Life Insured with issue age 18-55 |
Policy Year 1-2:
From Policy Year 3: |
| Applicable to the Life Insured with issue age 56-60 |
Policy Year 1-4:
From Policy Year 5: |
||
| Grand Fortune Whole Life Protection Plan (Lite) – 50 | Simplified underwriting, balancing savings and protection | Applicable to the Life Insured with issue age 18-55 |
Policy Year 1-2:
From Policy Year 3: |
| Applicable to the Life Insured with issue age 56-60 |
Policy Year 1-4:
From Policy Year 5: |
||
Grand Fortune Whole Life Protection Plan (Lite) – 100
Applicable to the Life Insured with issue age 18-55
Grand Fortune Whole Life Protection Plan (Lite) – 100
Simplified underwriting and protection oriented
Applicable to the Life Insured with issue age 18-55
Policy Year 1-2:
100% of Total Premiums Paid, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any), less Indebtedness (if any).
From Policy Year 3:
100% of Total Premiums Paid or applicable percentage of Sum Assured stated in the below Schedule of Death Benefit (whichever is greater), plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
Grand Fortune Whole Life Protection Plan (Lite) – 100
Applicable to the Life Insured with issue age 56-60
Grand Fortune Whole Life Protection Plan (Lite) – 100
Simplified underwriting and protection oriented
Applicable to the Life Insured with issue age 56-60
Policy Year 1-4:
100% of Total Premiums Paid, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
From Policy Year 5:
100% of Sum Assured, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
Grand Fortune Whole Life Protection Plan (Lite) – 50
Applicable to the Life Insured with issue age 18-55
Grand Fortune Whole Life Protection Plan (Lite) – 50
Simplified underwriting, balancing savings and protection
Applicable to the Life Insured with issue age 18-55
Policy Year 1-2:
100% of Total Premiums Paid, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any), less Indebtedness (if any).
From Policy Year 3:
100% of Total Premiums Paid or applicable percentage of Sum Assured stated in the below Schedule of Death Benefit (whichever is greater), plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
Grand Fortune Whole Life Protection Plan (Lite) – 50
Applicable to the Life Insured with issue age 56-60
Grand Fortune Whole Life Protection Plan (Lite) – 50
Simplified underwriting, balancing savings and protection
Applicable to the Life Insured with issue age 56-60
Policy Year 1-4:
100% of Total Premiums Paid, plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
From Policy Year 5:
100% of Total Premiums Paid or applicable percentage of Sum Assured stated in the below Schedule of Death Benefit (whichever is greater), plus Accumulated Dividends and Interest (non-guaranteed)2,3(if any) and Terminal Dividend (non-guaranteed)2(if any), less Indebtedness (if any).
Schedule of death benefits:
(applicable to Grand Fortune Whole Life Protection Plan (Lite) – 50)
- Percentage of Sum Assured
| The Life Insured's death occurs | Percentage of Sum Assured |
|---|---|
|
From the 3rd Policy Year till the 15th Policy Year From the 5th Policy Year till the 15th Policy Year |
100% |
| Within the 16th Policy Year | 95% |
| Within the 17th Policy Year | 90% |
| Within the 18th Policy Year | 85% |
| Within the 19th Policy Year | 80% |
| Within the 20th Policy Year | 75% |
| Within the 21st Policy Year | 70% |
| Within the 22nd Policy Year | 65% |
| Within the 23rd Policy Year | 60% |
| Within the 24th Policy Year | 55% |
| Within the 25th Policy Year and thereafter | 50% |
From the 3rd Policy Year till the 15th Policy Year
(Applicable to the Life Insured with issue age 18–55)
From the 3rd Policy Year till the 15th Policy Year
(Applicable to the Life Insured with issue age 18–55)
100%
From the 5th Policy Year till the 15th Policy Year
(Applicable to the Life Insured with issue age 56–60)
From the 5th Policy Year till the 15th Policy Year
(Applicable to the Life Insured with issue age 56–60)
100%
Within the 16th Policy Year
Within the 16th Policy Year
95%
Within the 17th Policy Year
Within the 17th Policy Year
90%
Within the 18th Policy Year
Within the 18th Policy Year
85%
Within the 19th Policy Year
Within the 19th Policy Year
80%
Within the 20th Policy Year
Within the 20th Policy Year
75%
Within the 21st Policy Year
Within the 21st Policy Year
70%
Within the 22nd Policy Year
Within the 22nd Policy Year
65%
Within the 23rd Policy Year
Within the 23rd Policy Year
60%
Within the 24th Policy Year
Within the 24th Policy Year
55%
Within the 25th Policy Year and thereafter
Within the 25th Policy Year and thereafter
50%
Eligibility requirements
Grand Fortune Whole Life Protection Plan
Issue Age*: 0 (15 days after birth) to 75
Grand Fortune Whole Life Protection Plan (Lite)
Issue Age*: 18 to 60
Remarks
*Age means age of the Life Insured at the last birthday
- Under the circumstance of the same Life Insured with same Sum Assured, the premium, policy value and Total Death Benefit of Grand Fortune Whole Life Protection Plan and Grand Fortune Whole Life Protection Plan (Lite) are different. For details of premiums, policy values and Total Death Benefit, please refer to the Insurance Proposal.
- Annual Dividend, the annual interest accumulation rate and Terminal Dividend are not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life Insurance Limited reserves the right to change them from time to time.
- Accumulated Dividends and Interest means the aggregate of (1) the total amount of distributed Annual Dividend left with Hong Kong Life (if any); and (2) the total amount of interest accumulated on any distributed Annual Dividend left with Hong Kong Life.
Important notes
Grand Fortune Whole Life Protection Series are the products underwritten by Hong Kong Life Insurance Limited (“Insurer”) but not by OCBC Bank (Hong Kong) Limited (“Bank”). The Bank is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency and is the authorised insurance agency of the Insurer for distribution of the insurance plans in Hong Kong Special Administrative Region(“HKSAR”). The insurance plans are authorised and regulated by the Insurance Authority of HKSAR. The Insurer will be responsible for providing your insurance coverage and handling claims under the insurance plans.
The information, examples and materials contained in this webpage are provided for reference only and do not provide any suggestion or recommendation of any insurance products nor constitute any part of the related insurance policy. You should not rely solely on this webpage to make decisions on applying for the insurance products. Before applying for any insurance plan, you should read carefully and fully understand the leaflet, proposal and policy provisions of the relevant plan (including but not limited to terms and conditions, coverage, exclusions and risk disclosures), and when necessary, you should also seek independent and professional advice before making any decision.