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ZA Savings Insurance is a single premium HKD savings insurance plan, which is principal protected since effective and offers guaranteed return over 3 years. For the guaranteed return during each policy year, please refer to our Product Brochure and website. The single premium will be collected from your ZA Bank account upon successful insurance application.

You need to be a

• ZA Bank customer with a valid and active bank account, and

• Physically present in Hong Kong, and

• Hong Kong resident who are aged 18 to 70 (at last birthday) meeting the following

HKID requirements:

Features of ZA Savings Insurance include:

• Death benefit, 105% of total premiums paid, less any partial surrender (if any); or Guaranteed Cash Value, whichever is higher

• Guaranteed maturity return at 2.5% p.a. (without partial surrender)

• Flexible withdrawal of the Guaranteed Cash Value by early surrender partially (with a minimum of HK$1 each time) or in full before the policy matures anytime without charge .

• Maximum premium per policy at HK$500,000; and

• Maximum aggregated premium at HK$500,000 per insured, including those cooled off and surrendered.

No loss would be suffered (Total withdrawal amount by surrender partially or in full from the policy would not be lower than the premium paid in the policy) by withdrawal of the Guaranteed Cash Value by early surrender partially. Please refer to the Product Brochure for all the features.

From the date your policy became effective, your premium will be accumulated at an return rate that is guaranteed and calculated on a daily compound basis. The guaranteed return at maturity is 2.5% p.a. (without partial surrender), which means your lump sum premium payment will be entitled to a guaranteed average annualized rate of return of 2.5% should the policy be held for its entire three-year benefit term. Please note that only total premium paid and levy will be refunded in the case of cooling off but not the accumulated return.

All enrolled participants would receive an SMS notification from ZA Bank upon successful enrolment, and it will include the steps on how to get the product. Successful to enrol in the pre-register list does not guarantee a successful application of ZA Savings Insurance, which shall be subject to the quota and ZA Insure’s underwriting and acceptance and the applicant must be a bank customer.