1. As long as the Policy is in force on the Policy Maturity Date, We will pay you a maturity benefit which is 107.69% of the single premium paid. Guaranteed Yield-to-maturity is 2.50% p.a.
2. Exchange Rate and Currency Risk Exposure: This plan’s currency is in Renminbi (RMB). China Life Insurance Singapore will accept premium payment in RMB and will pay out values under the plan in RMB. Any fluctuations in the RMB exchange rate will have a direct impact on the value of your benefits. There is a risk that the value earned from our plan may be lower if RMB depreciates when a benefit becomes payable under the plan. RMB is not a freely convertible currency and conversion of RMB in Singapore is subject to regulation changes initiated by China and/or local authorities. The actual conversion arrangement will depend on the restrictions prevailing at the relevant time. Converting the RMB denominated benefits to another currency is the customers’ sole discretion and responsibility. China Life Insurance Singapore takes no responsibility for such arrangements.
3. In the event of death of the life insured, we will pay 101% of single premium paid, less amounts owing to us (if any). The policy ends when we make this payment.