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December 16, 2013updated 13 Apr 2017 8:37am

BEA Life unveils 2-Year ValueRaiser Insurance plan

BEA Life, a wholly owned subsidiary of Hong Kong-based Bank of East Asia, has unveiled 2-Year ValueRaiser Insurance plan for assisting customers to accumulate wealth with life protection and guaranteed returns.

By Verdict Staff

The new insurance plan will allow customers to receive life protection while enjoying a guaranteed annual return as high as 2.4%.

Available as an endowment plan to persons aged between three months and 65 years, the new insurance plan will offer customers with a short premium payment period of just two years and life protection for five years.

Customers will also have an option to choose between a USD plan and a HKD plan, with guaranteed annual returns of 2.4% and 2.2%, respectively, upon policy maturity. The plan offers guaranteed life protection up to 101% of the total premium paid.

The minimum annual premiums of the USD Plan and HKD Plan are US$6,000 and HK$48,000 respectively.

BEA Life managing director, Patrick Wan, said: "In today’s low interest rate and high-risk investment environment, the 2-Year ValueRaiser Insurance plan offers our customers a guaranteed return as well as five years of life protection. The Plan enables them to enjoy steady wealth accumulation to achieve their financial goals with peace of mind."

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