\n<\/p>\n
HONG KONG Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong \u00a0<\/p>\n 70% of the respondents currently possess foreign \u00a0<\/p>\n Four 1)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 FortuneXtra provides a choice of up \u00a0<\/p>\n 2)\u00a0\u00a0\u00a0\u00a0\u00a0 FortuneXtra (both 5-year pay and 10-year pay) offers unlimited number of times4<\/sup> of full or partial policy \u00a0<\/b><\/p>\n 3)\u00a0\u00a0\u00a0\u00a0\u00a0 Unlike conventional savings insurance plans, FortuneXtra offers 4)\u00a0\u00a0\u00a0\u00a0\u00a0 While FortuneXtra is extremely flexible, it is also great for \u00a0<\/p>\n From now until 9 February \u00a0<\/p>\n For more \u00a0<\/p>\n The above HONG KONG & MACAU \u2013 Media OutReach \u2013 10 January 2022 – AXA Hong Kong and Macau (AXA) today announced the launch of “FortuneXtra Savings Plan (“FortuneXtra”)\u00a0 to help customers seize currency potentials and accelerate wealth building with exceptional flexibility to suit changing trends and needs. Kevin Chor, Chief Life and Health Insurance Officer, AXA …<\/p>\n","protected":false},"author":1,"featured_media":19805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19832"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19832"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19805"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n& MACAU \u2013 Media OutReach<\/a> \u2013 10 January
\n2022 –
\nAXA Hong Kong and Macau (AXA)<\/b> today announced the launch of “FortuneXtra Savings Plan (“FortuneXtra”)<\/b>\u00a0
\nto help customers seize currency potentials and accelerate wealth
\nbuilding with exceptional flexibility to suit changing trends and needs. <\/p>\n
\nKong and Macau<\/b>, said, <\/b>“In
\nSeptember 2021, Hong Kong recorded a 6-year record high for non-US Dollar
\nforeign currency deposits, equivalent to over HKD 2 trillions. In particular,
\nRMB customer deposits increased by more than 25% YoY1<\/sup><\/sup>. We observed a huge market
\ndemand for foreign currencies which is subsequently validated by the survey2<\/sup><\/sup> jointly conducted by AXA
\nand an independent research agency in November 2021. <\/p>\n
\ncurrency savings or investment, among which, insurance products come as the third
\nmost common investment vehicle after bank deposits and stocks. In terms of
\nfavoured currencies, Euro is one of their top choices other than USD and RMB.
\nMany people are looking for flexible saving vehicles with good returns to help
\nthem fulfil their changing needs in different life stages, such as wealth
\naccumulation, preparation for an education fund, legacy planning, overseas
\nproperty investments and retirement planning. These survey
\nfindings inspired us to launch FortuneXtra which provides exceptional potential
\nreturn and unmatched flexibility to meet the market needs, underscoring AXA’s
\ncommitment to be a life-long partner to our customers.”<\/p>\n
\nnotable features of FortuneXtra include: <\/b><\/p>\n
\n<\/b>Meeting global citizen lifestyle and maximising wealth
\naccumulation advantage with market-highest policy currency options<\/b>3<\/sup><\/b>, including market-unique Euro<\/b><\/p>\n
\nto 9 policy currency options, offering the most options in the market3<\/sup>, including Renminbi (RMB), United
\nStates Dollar (USD), British Pound (GBP), Euro (EUR), Canadian Dollar (CAD),
\nAustralian Dollar (AUD), Singapore Dollar (SGD), Hong Kong Dollar (HKD) and
\nMacau Pataca (MOP; only for policies issued in Macau), each offering competitive
\npotential return. Among the currencies, Euro is uniquely available in
\nFortuneXtra3<\/sup>, promptly responding to the emerging market needs. <\/p>\n
\n<\/b>Exceptional flexibility to meet changing needs with free
\ncurrency conversion in whole or in part<\/b><\/p>\n
\ncurrency conversion for free from the 3rd<\/sup> policy anniversary. Whether due to changes in life plan or shifts in global market
\nopportunities, our customers can convert their policy to one of a different
\npolicy currency, in whole or in part, while keeping the same policy
\ncommencement date to ensure their wealth accumulation remains on track after
\nthe conversion. In particular, partial conversion is unique in market3<\/sup> and can help customers flexibly deal with different foreign
\ncurrency needs at the same time.<\/p>\n
\n<\/b>Market-first<\/b>3<\/sup><\/b> dual currency accounts
\nto capture gains and accumulate interest<\/b><\/p>\n
\nthe opportunity to save in up to two currencies under the same policy. Starting
\nfrom the 10th<\/sup> policy anniversary, customers can flexibly lock the
\npolicy value to capture market upside, turning non-guaranteed values into
\nguaranteed. After that, dual currency accounts allow customers to earn
\ncompetitive interests in policy currency or one of the other 8 available
\ncurrencies as selected and make flexible withdrawals any time as they wish.<\/p>\n
\n<\/b>Grow generations of wealth and pass on legacy with change of
\nthe insured an unlimited number of times and foreign currency needs catered <\/b><\/p>\n
\nlegacy planning. Customers can change the insured of the policy for an
\nunlimited number of times, enabling them to share their legacy with the
\ngenerations to come. What’s more, inheritance solution coupled with the
\ncurrency conversion capability can fully cater for the currency needs of the
\nnext generations and further enhance the flexibility of legacy planning. <\/p>\n
\n2022, customers can enjoy up to 20% premium refund if they successfully apply
\nfor FortuneXtra.<\/p>\n
\ninformation on FortuneXtra, please visit https:\/\/www.axa.com.hk\/en\/fortune-xtra-savings-plan<\/a>.
\n\u00a0<\/p>\n
\ninformation is for reference only. For details on premium refund and product
\nfeatures, content, terms and exclusions, please refer to the product brochure,
\npolicy provision and promotional leaflet. <\/p>\n
<\/p>\n
\n
\nMonthly Statistical Bulletin (Sep 2021)<\/p>\n<\/div>\n
\nconducted in Hong Kong in November 2021, with a total of 1,017 respondents who
\nare aged 18 or above. Figures are weighed in relation to online population in
\nHong Kong.<\/p>\n<\/div>\n
\ncomparison among participating savings plans with reversionary bonus available
\nfor new business provided by insurers which are covered in the Provisional
\nStatistics on Hong Kong Long Term Insurance Business for January to June 2021
\n(in respect of life & annuity (non-linked (Class A)) individual business
\n(direct new business)) published by the Insurance Authority. The comparison was
\nmade with reference to the information on the company website of the relevant
\ninsurers and other information available to AXA as of November 2021.<\/p>\n<\/div>\n
\n3rd policy anniversary, one application for conversion can be made within one
\nPolicy Year; and application must be submitted within 30 days from each Policy
\nAnniversary.<\/p>\n<\/div>\n<\/div><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"