Well Save 5-Year Endowment Pro

Well Link Life's Well Save 5-Year Endowment Pro (the 'Plan') provides guaranteed cash values and protections on critical illness, death and accidental death. You can enjoy a guaranteed return up to 3.51% p.a. in 5 years.

Online application Guide-7 steps to complete online application. Click to view.

Promotion
Customers can enjoy Premium Discount and Extra Bonus for successful application of Well Save 5-Year Endowment Pro and reach designated premium during promotion period. Guaranteed return up to 4.45% p.a. at maturity
Accumulate Wealth with guaranteed return up to 3.51% per annum
The Plan provides you with choices of policy currency in Hong Kong Dollar, Renminbi and US Dollar. You just need to pay a single premium and will receive a guaranteed cash value at the maturity date in the 5th year. The return of the guaranteed cash value is up to 3.00% per annum (applicable to HKD-denominated policies), 3.51% per annum (applicable to RMB-denominated policies) and 3.12% per annum (applicable to USD-denominated policies).
The Plan provides you with choices of policy currency in Hong Kong Dollar, Renminbi and US Dollar. You just need to pay a single premium and will receive a guaranteed cash value at the maturity date in the 5th year. The return of the guaranteed cash value is up to 3.00% per annum (applicable to HKD-denominated policies), 3.51% per annum (applicable to RMB-denominated policies) and 3.12% per annum (applicable to USD-denominated policies).
Options available for maturity benefit settlement to meet your financial need

You will receive a guaranteed cash value at the maturity date in the 5th year. To help you achieve different financial goals, you can choose to receive the maturity benefit value in a lump sum or by annual annuity payments for 8 years.

You will receive a guaranteed cash value at the maturity date in the 5th year. To help you achieve different financial goals, you can choose to receive the maturity benefit value in a lump sum or by annual annuity payments for 8 years.

Critical Illness Protection

If the life insured is diagnosed with any one of the covered 62 critical illnesses, a critical Illness benefit equivalent to 102% of total premiums paid 1 or the guaranteed cash value at time of diagnosis (whichever is higher) to support you to fight against illness.

Please refer to the full list of covered illnesses in the corresponding section in the product brochure.

​1. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 102% total premiums paid of all policies under the Endowment Plan Series, for each life insured should not exceed 100% of total premiums paid under such plans that provide critical illness benefit as at the time of diagnosis with critical illness of life insured plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

If the life insured is diagnosed with any one of the covered 62 critical illnesses, a critical Illness benefit equivalent to 102% of total premiums paid 1 or the guaranteed cash value at time of diagnosis (whichever is higher) to support you to fight against illness.

Please refer to the full list of covered illnesses in the corresponding section in the product brochure.

​1. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 102% total premiums paid of all policies under the Endowment Plan Series, for each life insured should not exceed 100% of total premiums paid under such plans that provide critical illness benefit as at the time of diagnosis with critical illness of life insured plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

Extra protection for your loved ones

In the unfortunate event of the life insured's passing, the beneficiary(ies) will receive a death benefit equivalent to 102% total premiums paid2 or the guaranteed cash value at the time of the life insured's death (whichever is higher).

2. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 102% total premiums paid of all policies under the Endowment Plan Series for each life insured should not exceed 100% of total premiums paid as at the date of life insured’s death plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

In the unfortunate event of the life insured's passing, the beneficiary(ies) will receive a death benefit equivalent to 102% total premiums paid2 or the guaranteed cash value at the time of the life insured's death (whichever is higher).

2. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 102% total premiums paid of all policies under the Endowment Plan Series for each life insured should not exceed 100% of total premiums paid as at the date of life insured’s death plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

Additional accidental protection

If the life insured unfortunately passes away as a result of an accident while the policy is in force, the beneficiary(ies) will receive an additional accidental death benefit equivalent to 30% of total premiums paid3 at the time of the accident to support the family to get through the difficult time.

3. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 30% total premiums paid of all policies under the Endowment Plan Series that provide accidental death benefit for each life insured should not exceed HKD500,000 / RMB500,000 / USD62,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

If the life insured unfortunately passes away as a result of an accident while the policy is in force, the beneficiary(ies) will receive an additional accidental death benefit equivalent to 30% of total premiums paid3 at the time of the accident to support the family to get through the difficult time.

3. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 30% total premiums paid of all policies under the Endowment Plan Series that provide accidental death benefit for each life insured should not exceed HKD500,000 / RMB500,000 / USD62,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

Hassle-free application without medical examination
You can kick start your saving plan right after the completion of the simple assessment process with no medical examination and health declaration required.
You can kick start your saving plan right after the completion of the simple assessment process with no medical examination and health declaration required.

Well Save 5-Year Endowment Pro

Product Type

Product Type

Basic Plan

Issue Age* (on last birthday)

Age 0 (15 days) to Age 70

Premium Payment Term

Single premium

Benefit Term

5 years

Policy Currency

HKD / RMB / USD

Minimum Single Premium Amount

HKD60,000 / RMB60,000 / USD7,500

Maximum Single Premium Amount^

HKD6,000,000 / RMB 6,000,000 / USD750,000

Premium Payment Mode

Single

Critical Illness Benefit

Equivalent to 102% of total premiums paid 1 or the guaranteed cash value at time of diagnosis with critical illness (whichever is higher) less any indebtedness

Death Benefit

Equivalent to 102% of total premiums paid 2 or the guaranteed cash value at date of life insured’s death (whichever is higher) less any indebtedness

Accidental Death Benefit

If the life insured dies as a result of an accident, an extra accidental death benefit will be paid, which is equivalent to 30% of total premiums paid 3 at the time of the accident less any indebtedness

Settlement option for Maturity Benefit

Policyowner can choose to receive maturity benefit in a lump sum or by annual annuity payments4 for 8 years

* Minimum issue age is 18 for online application.

^ Maximum Single Premium Amount is HKD 3,600,000 / RMB 3,600,000 / USD 450,000 for online application.

​1. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 102% total premiums paid of all policies under the Endowment Plan Series, for each life insured should not exceed 100% of total premiums paid under such plans that provide critical illness benefit as at the time of diagnosis with critical illness of life insured plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

2. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 102% total premiums paid of all policies under the Endowment Plan Series for each life insured should not exceed 100% of total premiums paid as at the date of life insured’s death plus HKD100,000 / RMB100,000 / USD12,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

3. If life insured is covered by one or more policies under the Well Link Life's Endowment Plan series (Please click here for the product list.), the total amount of 30% total premiums paid of all policies under the Endowment Plan Series that provide accidental death benefit for each life insured should not exceed HKD500,000 / RMB500,000 / USD62,500 (or the higher thereof in case of a combination of HKD-, RMB- and USD-denominated policies).

4. Annuitization rate is not guaranteed and shall be determined by the Company in its absolute discretion at the time of maturity of this Policy. Once the annuitization rate is determined at the time of maturity, it becomes guaranteed.

Promotion
Customers can enjoy Premium Discount and Extra Bonus for successful application of Well Save 5-Year Endowment Pro and reach designated premium during promotion period. Guaranteed return up to 4.45% p.a. at maturity

Note:

1. This plan is underwritten by Well Link Life Insurance Company Limited.

2. The above content contains general information for reference only. It is not part of the policy and does not contain the full policy's terms. Please refer to the policy documents for the full terms and conditions of this plan as well as the complete definitions of the capitalized terms. You should read this information alongside the brochure and other relevant materials which cover additional information about this product, including but not limited to benefit illustration (if any), other marketing materials, policy provision and other policy documents, which are available upon request. You may seek independent professional advice if necessary.

No accidental death benefit shall be payable under this policy if the life insured's death is caused directly or indirectly, wholly or partly, by any one or more of the following:

  1. Any pre-existing condition;
  2. Taking of drugs other than under the prescription or direction of a physician, abuse of alcohol or the taking of poison;
  3. Any kind of sickness or disease, or bacterial or viral infection except bacteria infection resulting from an accidental cut or wound;
  4. Disease of or infection with any Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including Acquired Immune Deficiency Syndrome (AIDS) and/or mutations, derivation or variations thereof;
  5. Nuclear fission, nuclear fusion, ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuels or nuclear weapons material;
  6. War or hostilities (whether war be declared or not), civil commotion rebellion, revolution, riot, strikes, terrorist or warlike activities;
  7. Participation in any armed force or peace keeping activities;
  8. An act of any person acting on their own or on behalf of or in connection with any group or organization to influence by force, any group, corporation or government by terrorism, murder or attempted murder, kidnapping or attempted kidnapping, attack, assault or any other violent means;
  9. Suicide or an intentional self-inflicted act while sane or insane;
  10. Violation or attempted violation of the law or resistance to arrest or participation in any brawl or affray;
  11. Cosmetic or plastic surgery, or any elective surgery or congenital anomalies, apart from reconstructive surgery required by Injury caused by an Accident;
  12. Childbirth, miscarriage, abortion, pregnancy and any complications thereof, notwithstanding that such event may have been accelerated or induced by Injury; or
  13. Professional sports, racing of any kind, underwater activities involving the use of breathing apparatus, aerial flights (including bungee-jumping, hang-gliding, ballooning, parachuting and sky-diving) other than a crew member or as a fare-paying passenger on a licensed carrying commercial aircraft operating in a regular scheduled route or any hazardous activities or sports unless agreed by special endorsement.


No critical illness benefit will be payable under this policy for any Critical Illness resulting from, or related to, or caused or contributed directly or indirectly, wholly or partly, by any of the following:

  1. Any Pre-existing condition;
  2. Congenital deformities or anomalies, infertility or sterilization;
  3. Drug taking other than under the prescription or direction of a Physician, abuse of alcohol or the taking of poison;
  4. Disease of or infection with any Human Immunodeficiency Virus (HIV) and/or any HIV-related illness including Acquired Immune Deficiency Syndrome (AIDS) and/or mutations, derivation or variations thereof, except HIV due to Blood Transfusion, Medically Acquired HIV or Occupationally Acquired HIV as defined under Clause 2.4 above.
  5. Nuclear fission, nuclear fusion, ionizing radiation or contamination by radioactivity from any nuclear fuel or from any nuclear waste from the combustion of nuclear fuels or nuclear weapons material;
  6. War or hostilities (whether war be declared or not), civil commotion rebellion, revolution, riot, strikes, terrorist or warlike activities;
  7. Participation in any armed force or peace keeping activities;
  8. An act of any person acting on their own or on behalf of or in connection with any group or organization to influence by force, any group, corporation or government by terrorism, kidnapping or attempted kidnapping, attack, assault or any other violent means;
  9. An intentional self-inflicted act;
  10. Violation or attempted violation of the law or resistance to arrest or participation in any brawl or affray; or
  11. Professional sports, racing of any kind, underwater activities involving the use of breathing apparatus, aerial flights (including bungee-jumping, hang-gliding, ballooning, parachuting and sky-diving) other than a crew member or as a fare-paying passenger on a licensed carrying commercial aircraft operating in a regular scheduled route or any hazardous activities or sports unless agreed by special endorsement.

No Critical illness benefit will be payable under this policy for any critical illness, if the symptoms or conditions of which or the diagnosis of which first appeared or occurred within 60 days immediately following the policy issue date or the date of endorsement, whichever is the later. This shall not apply to any critical illness caused by an accident.

Nature of the product

The Plan is a 5-year non-participating insurance product and does not entitle the policyowner to participate in the profits or surplus of the Company. The Plan provides guaranteed cash values, as well as life protection and critical illness benefit of non-indemnity nature throughout the policy period.


Cooling-off period

If you are not satisfied with the policy and have not made any claim under the policy, you have the right to cancel it and obtain a refund of any premium(s) paid by giving a written notice of cancellation to us within the cooling-off period. The cooling-off period is the period of 21 calendar days immediately following the day of the delivery of (1) the policy; or (2) the Cooling-off Notice, to you or your nominated representative, whichever is the earlier. The Cooling-off Notice will be sent to you or your nominated representative to notify you of the cooling-off period around the time the policy is delivered.


Premium Adjustment

The Company reserves the right to review and adjust the premium rates of these products based on our expectation and experience of a series of factors including but not limited to investment returns, claims, policy surrenders and expenses. The Company will not adjust the premium unless we notify you prior to the policy's anniversary.


Claims

For critical illness benefit, claims must be made in the Company's prescribed claims form within 90 days of the life insured becoming aware that he/she is suffering from a critical illness. Written proof of the diagnosis supported by medical evidence and other relevant evidence must be received by the Company within six months after it receives the written notice of claim.

For accidental death benefit, claims must be made in the Company's prescribed claims form within 30 days after the date of the accident causing the relevant death. Satisfactory proof and any supporting evidence must be given to the Company within 90 days after the date of such Injury or death.

You can call the Company’s Claims Hotline at +852 2830 7600 for the appropriate claim form.


Termination Conditions

The Plan shall be automatically terminated and the premium shall cease to be payable for it upon the first occurrence of any one of the following events:

  1. Death of the life insured;
  2. Payment of the Critical Illness Benefits
  3. The Company approves the written request of the policyowner for surrender;
  4. The policy reaches the maturity date; or
  5. The non-forfeiture value is equal to or less than zero.

 
While the Policy is in force, you may terminate this policy before the next premium due date by sending written request to the Company provided that such notice is duly received by the Company 14 days before the next premium due date.