, Hong Kong
252 views
/FWD Hong Kong

FWD HK unveils new retirement plan for HKMC’s programme

This collaboration expands retirement solutions in the market.

FWD Hong Kong has introduced the Life Gala Insurance Plan, addressing the crucial need for comprehensive retirement planning. 

The plan offers affordability and flexibility, aligning with the Policy Reverse Mortgage Programme (PRMP) of The Hong Kong Mortgage Corporation Limited (HKMC). 

FWD said this collaboration expands retirement solutions, providing a stable cash flow through insurance policies converted into lifelong income.

Key features:

  • Life Celebration Booster Option: Allows policy owners to top up coverage for major life events without medical underwriting. Coverage can reach up to 200% of the initial sum insured. It also covers eight major life events, including marriage, childbirth, homeownership, and emigration.
  • Advanced Death Benefit: In the event of a terminal illness diagnosis, the death benefit is paid in advance to assist the insured and their family.
  • Unemployment Benefit: Offers relief for short-term financial pressure by extending the grace period in case of involuntary unemployment.
  • Flexible Premium Payment Terms and Death Benefit Settlement Options: Allows payment flexibility, including single payment or premium terms of five, 10, or 20 years. Death benefit can be received as a lump sum, regular instalments, or a combination.

ALSO READ: FWD witnesses new business sales jump 22% in 9M23

The plan caters to diverse life stages, with competitive premiums and comprehensive protection.

The collaboration with HKMC enhances retirement planning options, aligning with evolving expectations for retirement life.

 

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Hong Kong sets higher investment threshold for residency
Whilst permanent residency in Hong Kong now requires a minimum outlay of $30m (US$3.83m), the range of permissible investments has been expanded.
MBA programmes in Hong Kong live up to financial hub status
MBA providers hop on experiential learning and progressive curriculums to ensure competitive edge in the rapidly evolving business landscape.