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Guaranteed Yield of 2.17% per annum upon Maturity with China Life SaveReward (SGD) 5-Year Endowment Plan

  • Guaranteed Yield of 2.17% p.a. upon Maturity
  • 100% Capital Guaranteed upon Maturity
  • A Lump Sum upon Maturity
  • 3 Years Premium Commitment

Singapore, 23 March 2016 – China Life Insurance Singapore launches China Life SaveReward (SGD) 5-year endowment plan that offers an attractive guaranteed yield of 2.17% per annum upon maturity. This plan is designed for those seeking to secure their funds as it offers capital guarantee plus guaranteed returns.

"We are pleased to introduce China Life SaveReward (SGD) endowment plan for customers seeking to boost their savings and not having to worry about market volatility. Our endowment plan is 100% capital guaranteed upon maturity. The attractive guaranteed yield of 2.17% p.a. which customers will receive when their plans mature, will give them the peace of mind that their returns are secured and guaranteed. Moreover, this plan also provides protection against death1 during the policy term." said Mr Tony Chow, Deputy General Manager of China Life Insurance Singapore.

Customers will only need to commit a minimum annual premium of SGD3,000 to enjoy the benefits of this plan.

1. In the event of death of the life insured, we will pay a lump sum of 400% of the annual premium less amounts owing to us (if any).

 

About China Life Insurance (Singapore) Pte. Ltd.

China Life Insurance (Singapore) Pte. Ltd. is a wholly-owned subsidiary of China Life Insurance (Overseas) Company Limited ("China Life Overseas Company"), which is wholly-owned by China Life Insurance (Group) Company. China Life Insurance (Group) Company is the largest financial insurance corporation in China. It is also a Fortune Global 500 company, ranked 94 in 2015, for 13 consecutive years with brand value of over RMB 182 billion*.

China Life Overseas Company has been providing financial services in Hong Kong and Macau since 1984 and 1989 respectively. Its business covers 3 main categories, namely insurance, investment as well as provident fund services. In 2015, its premium income exceeded HKD40 billion, with a breakthrough in agency force of over 3,300. At present, China Life Overseas Company is a leading life insurance company in both Hong Kong and Macau with an asset value of more than HKD170 billion as at December 2015. In January 2016, China Life Overseas Company's prudent financial management and stable outlook are underscored by the rating accredited by international rating agencies, including Moody's "A1" (insurance financial strength rating) and Standard & Poor's "A+" (long-term local currency issuer credit rating and insurer financial strength rating).

As part of China Life Insurance (Group) Company, China Life Insurance (Singapore) Pte. Ltd. is committed to offering a full suite of value-added financial solutions to clients to fulfill their protection, savings and investment needs. We proactively assimilate into the society, and hope to bring the growth and enjoy the success with Singapore through the collaboration between China and Singapore.

*Source: Top 500 Most Valuable Chinese Brands by World Brand Lab as at June 2015.

 

Media Contact:

Ms Abigail Han
Deputy Head, Marketing
China Life Insurance (Singapore) Pte. Ltd.
Tel: +65 6727 4837
Email: AbigailHan@chinalife.com.sg