Loans | 16 April 2023-01 January 2024
Key selling point
Hong Leong Bank Vietnam, currently an insurance agent for Chubb Life Insurance Vietnam, is pleased to bring to customers the universal life insurance product – Premiere Youth Universal Life (PYUL), with the following information:
| Plan 99 | Plan 65 | Plan 25 | |
| Entry age of Life Assured | 1 month old to 17 years old | 1 month old to 17 years old | 1 month old to 10 years old |
| Maximum maturity age of Life Assured | 99 years old | 65 years old | 25 years old |
| Policy term | 99 years old minus Life Assured entry age | 65 years old minus Life Assured entry age | 25 years old minus Life Assured entry age |
| Premium term |
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| Premium mode | Annually/Semiannually/quarterly/monthly | ||
Notice:
- Word “age” mentioned above refers to Insured Age
- For details on terms and conditions of insurance products, please see here
| Plan 99 | Plan 65 | Plan 25 | |
| Main benefit (payable to death of Life Assured) | Option A: The greater amount between Face Amount of the Main Benefit and the Target Premium Account Value; and the Excess Premium Account Value (if any) Option B:
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| Supplementary benefit |
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| Golden Age Bonus | Fifty percent (50%) of total accumulated Cost of Insurance of Main Benefit charged from the Policy Effective Date, payable when Life Assured is 75 years old | Not Applicable | Not Applicable |
| Loyalty bonus |
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| Special Loyalty bonus |
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Not Applicable | |
| Investment benefit | Policy Owner is entitled to obtain investment benefit based on investment results of the Universal Life Fund. This benefit shall be credited in the Policy Account Value in the form of a monthly interest in accordance with the Announced Interest Rates and these rates are not lower than Guaranteed Crediting Rate:
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| Maturity benefit | 100% Policy Account Value | ||
Notice:
- Word “age” mentioned above refers to Insured Age
- For details on terms and conditions of insurance products, please see here
1. Why should I buy PYUL for my beloved child?
Because PYUL is a product specially designed for children, with three benefits packages to give customers the initiative when choosing solutions to protect their children's health and finance throughout the life journey from full 1 month old to full 99 years old.
2. What benefits does my child get when participating in PYUL?
- Lifetime protection for children through extending the age to participate in Insurance benefits from full 1 month old.
- Not only providing comprehensive protection for their children, parents are also protected with Supplementary Benefits for parents, to support their children firmly in the long term.
- Actively strengthen the child's protective shield against 14 common Children's Illnesses by participating in Staged Critical Illness Supplementary Benefit
- Accumulate financial resources; give wings to all dreams for children.
- On behalf of parents to support children to complete future financial plans when unexpected misfortunes happen.
Disclaimer: "The conditions for participation and benefits of the above insurance products are just a summary and for reference only. All conditions, benefits and details will be specified in Term & Condition issued by Chubb Life Insurance Vietnam and approved by the Ministry of Finance. Please read these terms and conditions carefully to understand the benefits and features of the product."
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