HONG KONG, April 10, 2023 /PRNewswire/ -- China Pacific Life Insurance (H.K.) Company Limited ("CPIC Life (HK)" or "the Company") announced the launch of "Everlasting Joy Savings Insurance Plan" ("Everlasting Joy"). It is a whole life insurance plan which integrates asset accumulation, whole-life protection and legacy planning, helping customers to achieve the goal of "Build Your Wealth, Share Your Joy" in the long run. More importantly, "Everlasting Joy" enjoys high flexibility and allows customers to plan their financial needs with ease. Customers can lock-in their non-guarantee returns by exercising specific options, withdrawing policy value regularly, extending policy by selecting various policy continuation solutions etc.

Mr. Jin Zhaoxin, Director of CPIC Life (HK) said, "With the aging population in Hong Kong, preserving your legacy is also an integral part apart from retirement planning. "Everlasting Joy Savings Insurance Plan" is an all-in-one whole life insurance plan with flexibility that allows you to change your financial plans by exercising various insurance options to cope with different stages of your life. For example, you can withdraw policy values as retirement income, or spilt part of your policy and pass the policy and your wealth to the next generation."

To encourage members of the public to well-planned for their financial needs, CPIC Life (HK) introduced a new insurance product offer. From now on to 30 June 2023, customers who successfully apply for "Everlasting Joy Savings Insurance Plan" policy with 5-year premium payment term and prepay in full at application, will enjoy a guaranteed interest rate of 5.2% per annum. Total interest is equivalent to 47% of annual premium. It is a limited offer and will be stopped when the quota is full. Terms and conditions apply.

The above information is for reference only. For details of the Plan and Offers, please refer to the product brochure and promotional leaflet. Insurance Policy is bounded by the formal policy documents and provisions issued by CPIC Life (HK). For more information, please contact your licensed insurance intermediary.

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About China Pacific Life Insurance (H.K.) Company Limited

China Pacific Life Insurance (H.K.) Company Limited （"CPIC Life (HK)"）is a wholly-owned subsidiary of China Pacific Life Insurance Company Limited ("CPIC Life") which is a subsidiary of China Pacific Insurance (Group) Co., Ltd. ( "CPIC"). CPIC Life is one of the top three life insurance companies in China (in terms of total gross premium in 2022). CPIC Life (HK) was authorized by the Hong Kong Insurance Regulatory Authority to operate long-term insurance business in Hong Kong in December, 2021. It is committed to providing customers with comprehensive life insurance and wealth management products to meet the clients' needs at different stages of life. It aims to become one of Hong Kong life insurance companies with the best client experience.