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China Life Insurance Singapore Launches a Capital Guaranteed Renminbi Endowment Plan – 3.62% p.a. Guaranteed Maturity Yield and Guaranteed Acceptance

  • 3.62% p.a. Guaranteed Maturity Yield
  • 100% Capital Guaranteed upon Maturity
  • Guaranteed Acceptance
  • 3 Years Premium Payment
  • Portfolio Diversification with a RMB product
  • Provides Coverage against Death1

Singapore, 1 June 2016 – China Life Insurance (Singapore) Pte. Ltd. ("China Life Insurance Singapore") latest Renminbi endowment plan - China Life SaveReward 101 (RMB), is a guaranteed issuance offer endowment plan that provides 100% capital guarantee upon maturity and a rewarding 3.62% p.a. guaranteed maturity yield.

"We are positive that China Life SaveReward 101 (RMB) endowment plan meets the savings needs of customers. Besides providing the assurance that every dollar customers contribute as premiums will be returned to them when the plan matures, they will also earn an attractive guaranteed 3.62% p.a. maturity yield, enabling them to reach their savings goals. Customers can also diversify their portfolios with RMB through this product." said Mr Tony Chow, Deputy General Manager of China Life Insurance Singapore.

The plan also offers protection against death1 during the policy term.

1. In the event of death of the life insured, we will pay a lump sum of 101% of total premiums due and paid, less amounts owing to us (if any). Exclusions apply.

 

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. The parent company is a Fortune Global 500 company, which ranks 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 for over 30 years. Its business covers 3 main categories, namely insurance, investment as well as provident fund service. In 2014, its premium income was HKD30 billion, with a breakthrough in agency force of over 3,000 people. 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 HKD120 billion. In November 2014, 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 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