I. PROTECTION BENEFITS
1. In case of Total and Permanent Disability (TPD) or Death
FWD Elevating success equips your family with financial support that helps your family maintain quality of life during difficult times.
(1) Details of how to determine the Sum Assured (SA) and the Policy Account Value upon death or TPD of Life assured are specified in the Terms and Conditions.
2. In case of critical illnesses, accidents, hospitalization, etc.
As protection needs of each customer are not the same, FWD has designed a suite of riders that gives you the flexibility to choose based on your needs.
With just a reasonable premium, you can increase your protection benefits for yourself and your family.
II. INVESTMENT BENEFITS
1. Enjoy investment advantages from FWD Unit linked fund
a. Funds are selected to be streamlined, easy to understand, while still allowing customers to design flexibly according to their demand
3 FWD investment funds are set up from conservative to risky investment policies so your investment porfolio can be flexibly tailormade. Depending on the expected returns and risk tolerance, you can choose to invest in one or multiple funds.
In particular, the equity porfolio is selected specifically by sectors, making it easy for investors to update market changes.
Equity portfolio is optimally combined from industries with high growth potential and industry with stable growth potential to create a balanced portfolio that meets the expectation of maximizing returns in the long run, those are:
- Real estate
- Finance & Banking
- Consumer goods
b. Easy investment with professional investors
* FWD Unit linked fund is managed by SSI Assets Management (SSIAM).
The advantages of investing through professional investment funds:
- Access to many forms and investment opportunities
- Diversify your portfolio without the need for large capital
- Invested by a team of experienced experts
- Manage professionally with activities are constantly updated
c. Investment plan is flexibly adjusted at any time online
A good investment plan needs to be flexible with market changes, with FWD Unit linked funds, you can adjust your investment plan at its sole discretion:
- Change in the allocation rate of insurance premiums to funds (change in investment allocation rate) when you might change your investment objectives & risk tolerance
- Convert funds to take advantage of investment opportunities reacting to market conditions
- Invest more when your financial capacity changes
- Withdraw money from the Fund Value of the contract
2. Benefits at the end of the contract term
At the Maturity Date, FWD will pay the entire Policy account value determined according to:
- Number of Fund units at the Contract Term End Date; and
- Fund unit price at the Valuation Date right after the Contract Term End Date.
3. FWD Unit linked funds
a. FWD unit linked funds
Unit linked funds are established by FWD with investment policy from conservative to risky.
Details of investment objectives and policies of each fund are as follows:
FWD's 3 Unit linked funds are set up with a conservative to aggressive range of investment choices as options for you to choose from.Depending on the expected return and risk appetite, you can choose to invest in one fund or more.
b. Validation date
Valuation date is the date FWD determines the fund unit price for each fund. The fund unit price is announced every Tuesday and Thursday (except for holidays and Tet).
III. ADDITIONAL BENEFITS
1. Loyalty Bonus
Every 3 years from Year 3 to Year 18, you will receive:
Bonus rates (%) are listed as below:
2. Special Loyalty Bonus (2)
On the Valuation date right after the end of Year 20, you will receive:
3. Automatically increased Sum assured without Health underwriting
We understand that your protection need increases as you get older. Despite of the differences in health conditions, FWD Elevating success guarantees to increase your sum assured every 3 years without health underwriting and basic premium increasing:
The additional SA is equal to 15% of the Sum assured of the 1st Policy year. Increasing SA under this benefit does not change Basic Premium.
After the new SA becomes effective, the Cost of insurance and the main product benefits will change accordingly with the New SA.
4. Non-lapse guarantee benefit
During the first 3 policy years, if the basic premium is paid in full, on time and has never been withdrawn from the Insurance Account, your policy is still guaranteed to remain effective even when Insurance account is not enough to cover the Risk premium and Management Fee.