News Releases

HONG KONG, October 12, 2023 – Chubb Life Hong Kong (“Chubb Life HK”) today launched Forever Diamond Plan II, a new generation of the Forever Diamond Plan, one of Chubb Life HK’s signature personal insurance products. At the launch event to announce the product, Chubb Life HK also revealed four new elite athlete ambassadors.

Forever Diamond Plan II, a new long-term savings plan for wealth accumulation, ensures steady wealth growth for policyowners with guaranteed cash coupons and potential returns from non-guaranteed annual dividends¹ and non-guaranteed terminal dividends². The plan also provides policyowners with a “Happy Check Event Bonus” ³ for celebrating life’s major milestones. This one-time bonus will be awarded to policyowners when the life insured reaches a designated significant life event, such as being admitted to university, getting married, having a child, purchasing a property, or reaching retirement age.

The plan is also designed to be flexible so policyowners can pass their accumulated wealth to their future generation with the policy value remaining the same after the change of the insured⁴. The policyowner may also exercise cash withdrawal⁵ and premium holiday⁶ options to meet their changing needs and help navigate life’s unexpected events. 

Belinda Au, President of Chubb Life Hong Kong, said, “Chubb Life HK is committed to helping customers navigate their financial journey, supporting them through any situation and during the various stages of their lives. Forever Diamond Plan II reflects our customer-centric approach to provide products that meet our customers’ ongoing needs. At Chubb Life HK, we look to support our customers during key moments, guiding them to achieve financial stability and realize their goals.”

At the launch of the Forever Diamond II product, Chubb Life HK also announced its support of four elite athlete ambassadors - golfer Tiffany Chan, fencer Ryan Choi, gymnast Kelvin Ng, and tennis player Coleman Wong.

To succeed at an elite level, athletes need to demonstrate discipline, determination, and goal-setting abilities, while celebrating their accomplishments.  When it comes to financial planning and growing wealth, similar attributes apply. Chubb Life HK Forever Diamond Plan II allows customers to set long-term financial goals, protect their financial future and plan for uncertainties.

“The commitment and dedication of our ambassadors is reflected in their stellar results at international sports events. We are honoured to support them on their continued journey to success, just as our products support our customers in achieving their goals and ambutions in life”, said Ms Au.

For more details of Forever Diamond Plan II, please visit: https://bitly.ws/WCHw

Chubb Life unveils new Forever Diamond Plan II and announces first Chubb Life ambassadors.	Chubb Life unveils new Forever Diamond Plan II and announces first Chubb Life ambassadors.
(From left) Fencer Ryan Choi, golfer Tiffany Chan, tennis player Coleman Wong and gymnast Kelvin Ng.	Belinda Au, President of Chubb Life Hong Kong and four new elite athlete ambassadors.
Belinda Au, President of Chubb Life Hong Kong.	Wenyu Ji, Chief Customer Proposition Officer and Product Strategy, North Asia, Chubb Life Hong Kong.
Belinda Au, President of Chubb Life Hong Kong.	Wenyu Ji, Chief Customer Proposition Officer and Product Strategy, North Asia, Chubb Life Hong Kong.
Fencer Ryan Choi.	Tennis player Coleman Wong.
Golfer Tiffany Chan.	Gymnast Kelvin Ng.

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About Chubb Life

Chubb Life is the international life insurance division of Chubb, establishing its presence in Hong Kong since 1976. To meet the financial protection and wealth management needs of its broad range of customers, Chubb Life in Hong Kong (Chubb Life Insurance Hong Kong Limited) offers a range of life protection, savings, accident and health insurance solutions through agents and brokers. The company has been a recipient of various awards for marketing, product innovation and commitment in corporate social responsibility. Additional information can be found at: https://www.chubb.com/hk-en/

Facebook: Chubb Life Hong Kong安達人壽香港

Instagram: chubblifehk

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.

Media Contacts

Paradigm Consulting

Beatrice Wong

chubb@paradigmconsulting.com.hk 

Remarks:

¹ While the Policy is in force and all Premiums due in respect of the Basic Plan have been paid in full, the Company will declare Annual Dividend for the Policy annually starting from the 13th Policy Anniversary. The amount to be declared is determined by the Company at its sole discretion.

² The Policy will be entitled to Terminal Dividend after it has been in force for 10 years from the Policy Date. The amount of Terminal Dividend will be determined by the Company based on the Notional Amount. Terminal Dividend will be paid when Death Benefit, Partial Surrender Value, Surrender Value or Maturity Value becomes payable. Upon partial surrender of the Policy, Terminal Dividend, if any, will be adjusted accordingly.

³ The Happy Check Event Bonus is only payable once under the Policy which is equal to 5% of latest Notional Amount if any of the following occurs on or after the 8th Policy Anniversary:

1. The Insured is successfully enrolled in and registered to a bachelor’s degree or above program at a local or overseas degree-granting institution;
2. The Insured becomes a newlywed and the marriage is legally recognized;
3. The Insured purchases residential real estate of which the Insured is the sole owner;
4. The Insured becomes a legally recognized parent; or
5. the Insured becomes age 65 or above.

⁴ On or after the 10th Policy Anniversary while the Policy is in force, the policyowner may change the Insured if all the following conditions are fulfilled:

(i) the proposed new insured (“New Insured”) and the assignee of the Policy (if any) must consent to the change of Insured in writing;

(ii) both the Insured and the New Insured must be alive during the application;

(iii) at the time the Company receives the request by policyowner:

a)   the New Insured must meet the prevailing requirements on the Age of the Insured for the Forever Diamond Plan II ;

b)   the attained Age of the New Insured must not be more than 10 years above the attained Age of the Insured;

c)   if the attained Age of the New Insured is higher than the attained Age of the Insured, the attained Age of the New Insured must be 60 or below;

d)   The New Insured must meet the prevailing underwriting requirements determined by the Company from time to time;

(iv) the policyowner must provide the evidence of insurability of the New Insured upon our request and to our satisfaction;

(v) the policyowner has adequate insurable interest in the New Insured; and

(vi) any other prevailing rules as determined by the Company in the sole discretion by the Company from time to time have been complied with.

The policyowner can change the Insured once. The New Insured can be covered till his Age 100 or the 100th Policy Anniversary since Policy inception, whichever is earlier.

⁵ The policyowner can send the Company a request while the Policy is in force to make a Cash Withdrawal from Accumulated Coupons, Accumulated Annual Dividends and Happy Check Event Bonus as well as any accumulated interest on the Happy Check Event Bonus.

⁶ The policyowner can apply for Premium Holiday for up to 2 Policy Years after the 1st Policy Anniversary provided that the Policy has a premium payment term of 5 years, 8 years or 12 years. The Premium Holiday will start from the next Policy Anniversary following the approval by the Company.

Premium Holiday is not a waiver of Premium. Premium Due Dates will be deferred until after the Premium Holiday ends. The guaranteed cash value of the Forever Diamond Plan II will remain unchanged during the Premium Holiday. The guaranteed cash value of the Forever Diamond Plan II after the Premium Holiday will be shown in the new Table of Guaranteed Values in an endorsement issued by the Company. The Guaranteed Cash Coupon and Annual Dividend will not be payable during the Premium Holiday. Distribution Period will be deferred accordingly. The Policy will still be eligible to share in the Company’s divisible surplus in the form of Terminal Dividend during the Premium Holiday but the amount will be equivalent to the Terminal Dividend value at the Policy Anniversary on which the Premium Holiday commences, which is not guaranteed and shall be determined by the Company at the sole discretion by the Company from time to time. The Company will inform the policyowner of the amount of Terminal Dividend on or before the Policy Anniversary on which the Premium Holiday commences. Maturity Date will remain unchanged unless otherwise specified.