Life insurance

Life insurance

70% off the 1st year’s premium

70% off the 1st year’s premium

Plus 30% off the 2nd year onwards in initial renewable period
70% off
Ends In
33d : 17h : 44m : 37s
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Gender
Age
25
Smoking status
Renewable period
Based on information you provided, here is your quote:
MyTerm Basic
Suggested :
HK$1,000,000.00
HK$
--
/mo
MyTerm Plus
Suggested :
HK$2,000,000.00
Most popular
HK$
--
/mo
Customise your own
Coverage :
HK$--
HK$
--
/mo
The premium is calculated on standard rates and is for reference only. The actual premium to be paid includes insurance levy collected by the Insurance Authority. Please confirm your understanding of the product features and it fits your need(s) before proceeding
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Male, 25 years old, Non-Smoker
HK$
--
/mo
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Product highlights
Productive people like you need the most protection

Productive people like you need the most protection

Yet your other priorities often take precedence. Which is why we’ve made protecting yourself for your most productive years easier and more affordable, with the flexibility to tailor your term life insurance plan to your needs.
Coverage up to HK$4 million

Coverage up to HK$4 million

Simply answer 3 health questions and you can enjoy a life protection with Sum Insured up to HK$4 million1.
Premiums made affordable, as low as HK$12 per month

Premiums made affordable, as low as HK$12 per month

Monthly premiums start from as low as HK$122, with renewable period3 options of 5, 10 or 20 years. The premium rate4 will remain level and is guaranteed within each of the renewable period3.
Immediate support for the family

Immediate support for the family

If the Insured’s advent of death is highly likely within 12 months as certified by a registered medical specialist, the Death Benefit can be advanced5 so there’s no delay in support for your family.
Evolve with your family’s growth

Evolve with your family’s growth

As your family evolves, your protection needs will increase. Our Life Celebration Booster Option6 lets you top-up your coverage for key life events before age7 55, such as marriage and the birth of a child.
Easily convert to whole life protection

Easily convert to whole life protection

You can convert8 a part of or your entire Sum Insured to one of our designated whole life protection plans without the requirement of evidence of insurability before age7 70
MyTerm is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life/ FWD"). This eCommerce Platform is operated by FWD Financial Limited ("FWD Financial"). FWD Financial is an appointed and licensed insurance agency of FWD Life.

Buy now to enjoy a 70% premium discount for the first year plus 30% off the 2nd year onwards in initial renewable period

Buy now to enjoy a 70% premium discount for the first year plus 30% off the 2nd year onwards in initial renewable period

We want you to consider wisely but we also don’t want you to put off your decision for too long, so here’s our way of helping you make up your mind. From now on until 31 Aug 2021, enjoy 70% off premium discount for the first year plus 30% off the 2nd year onwards in initial renewable period for online application. Terms & conditions apply.
Benefit Summary

Benefit Summary

Minimum sum insured
HK$200,000
Maximum sum insured
HK$4,000,000 (Issue age7 19-51)
HK$2,000,000 (Issue age7 52-61)
Renewable period3
5 / 10 / 20 years
Issue age7
Age 19 - 61
Renewable period
Guaranteed renewable up to Insured’s age7 100
Premium payment term
To Insured’s age7 100
Death Benefit

Death Benefit is equal to

  • 100% of the Sum Insured9
  • less any policy debts
Advanced Death Benefit5

If the Insured’s advent of death is highly likely within 12 months as certified by a registered medical specialist, Death Benefit will be advanced to the policy owner

Advanced Death Benefit5 is equal to

  • 100% of the Sum Insured9
  • less any policy debts
Life Celebration Booster Option6

After MyTerm has been in effect for 1 year, you can exercise the Life Celebration Booster Option6 on or before age7 55 to purchase an add-on rider (“Life Celebration Booster”) without the requirement of evidence of insurability upon the occurrence of the designated Life Celebration Event(s):

  1. the Insured’s legal marriage;
  2. the birth of natural child of the Insured;
  3. the Insured’s adoption of child through legal means;
  4. the Insured’s purchase of residential property in Hong Kong;
  5. the Insured’s full-time employment within 1 year from the graduation from a university or a higher education institution (Bachelor’s degree or above)

The Sum Insured of Life Celebration Booster shall not exceed the lower of (i) 25% of the Sum Insured of MyTerm or (ii) HK$1,000,000

You can only exercise this option once per Insured under all policies of MyTerm issued by us

Conversion Privilege8
You can convert MyTerm to one of our designated permanent plan of life insurance without the requirement of evidence of insurability on or before Insured’s age7 70
Suicide
If the Insured commits suicide within 13 calendar months from the policy date/policy rider date (if applicable) (or the reinstatement date, whichever is later), our legal responsibility will be limited to the total premium amount paid to us without interest, after deducting any policy benefits that we have paid and any outstanding amounts owed to us. This applies regardless of whether the Insured was sane or insane when committing suicide.
Exclusions for Advanced Death Benefit

No Advanced Death Benefit will be paid where the Insured’s advent of death is highly likely within 12 months and caused directly or indirectly from any of the following:

  1. intentional self-inflicted injury, or attempted suicide, while sane or insane and while intoxicated or not; or

  2. Human Immunodeficiency Virus (HIV) related illness, including Acquired Immunization Deficiency Syndrome (AIDS) and / or any mutations, derivations or variations thereof, which is derived from an HIV infection; or

  3. any condition arising out of consumption of poisoning drugs, psychiatric drug, drug abuse, alcohol abuse, abuse of solvents and other substances unless prescribed by a Registered Medical Specialist for treatment.

Credit Risk

This product is an insurance policy issued by FWD Life Insurance Company (Bermuda) Limited (Incorporated in Bermuda with limited liability) (“FWD”). The application of this insurance product and all benefits payable under your policy are subject to the credit risk of FWD. You will bear the default risk in the event that FWD is unable to satisfy its financial obligations under this insurance contract.

Exchange Rate and Currency Risk
The application of this insurance product with the policy currency denominated in a foreign currency is subject to that foreign currency’s exchange rate and currency risk. The foreign currency may be subject to the relevant regulatory bodies’ control (for example, exchange restrictions). If your home currency is different from the policy currency, please note that any exchange rate fluctuation between your home currency and the policy currency of this insurance product will have a direct impact on the amount of premium required and the value of benefit(s) to be received. For instance, if the policy currency of the insurance product depreciates substantially against your home currency, there is a negative impact on the benefits you receive from the product. If the policy currency of the insurance product appreciates substantially against your home currency, your burden of the premium payment is increased.
Inflation Risk
The cost of living in the future may be higher than now due to the effects of inflation. Therefore, the benefits under this policy may not be sufficient for the increasing protection needs in the future even if FWD fulfills all of its contractual obligations.
Premium adjustment
Unless you tell us in writing before the next renewal that you do not want to renew, MyTerm (and the Life Celebration Booster, if any) will be automatically renewed at the end of each renewable period for another renewable period up to its expiry date based on its terms and conditions, provided that all premiums are paid when due. The premium rates upon renewal are not guaranteed and will be determined at our sole discretion based on factors including but not limited to the age of the Insured on his or her next birthday at the time of renewal, claims experience and policy persistency from all policies under this product. However, within each of the renewable period, the premium rate will remain level and is guaranteed.
  1. Maximum Sum Insured for the Insured at age next birthday 52-61 is HK$2 million.
  2. Non-smoking female (attained age 18) applied for MyTerm (5-years renewable) plan with Sum Insured of HK$200,000. Premium excludes insurance levy collected by the insurance Authority.
  3. The renewable period after any of the renewal will be same as the initial renewable period or the number of year(s) from the date MyTerm is renewed to its expiry date,whichever is shorter. Expiry date refers to the policy anniversary immediately preceding the 100th birthday of the Insured.
  4. The premium rates upon renewal are not guaranteed and will be determined at our sole discretion based on factors including but not limited to the age of the Insured on his or her next birthday at the time of renewal, claims experience and policy persistency from all policies under this product. However, within each of the renewable period, the premium rate will remain level and is guaranteed.
  5. The maximum Advanced Death Benefit payable per Insured under all policies issued by us is HK$16,000,000 (or US$2,000,000). Upon payment of such benefit to the policy owner, the Sum Insured and the premiums will be reduced accordingly. If the Sum Insured becomes zero upon payment of the Advanced Death Benefit, the basic plan (and the Life Celebration Booster, if any) will terminate. Advanced Death Benefit is not applicable under specific circumstances. Please refer to the Exclusions section and policy provisions for details.
  1. To exercise Life Celebration Booster Option, you need to send a written request to us and provide us the proof of the Life Celebration Event(s) within 90 days from the occurrence of the designated Life Celebration Event(s). Life Celebration Booster Option is subject to our applicable rules, procedures, please refer to the policy provisions for details. The new term rider (“Life Celebration Booster”) is also subject to our applicable rules and requirements, including but not limited to:
    1. the maximum Sum Insured of Life Celebration Booster is the lower of
      1. 25% of the Sum Insured of MyTerm or
      2. HK$1,000,000;
    2. the expiry date of Life Celebration Booster is the policy anniversary immediately preceding the 100th birthday of the Insured, or the expiry date of MyTerm, whichever is earlier;
    3. the initial renewable period of Life Celebration Booster will be same as the initial renewable period of MyTerm;
    4. the initial premium of Life Celebration Booster shall be determined based on our applicable premium rates (which are not guaranteed and will be determined at our sole discretion) and the age of the Insured on his or her next birthday at the time Life Celebration Booster is issued;
    5. the currency and premium payment mode of Life Celebration Booster must be same as the attachable basic plan;
    6. Death Benefit, Advanced Death Benefit and conversion privilege are applicable to Life Celebration Booster, and subject to the relevant rules and procedures;
    7. No further Life Celebration Booster Option can be exercised for Life Celebration Booster.
  2. Age refers to the age of the Insured on his or her next birthday unless otherwise specified.
  3. To apply for conversion, you need to send a written request to us. Conversion is subject to our applicable rules, procedures and our choices of products then made available at the time of conversion, please refer to the policy provisions for details.
  4. If there is any change in Sum Insured, we will use the latest Sum Insured to determine the Death Benefit and Advanced Death Benefit.
The product information in this website is for reference only and does not contain the full terms and conditions, key product risks and full list of exclusions of the policy. For the details of benefits and key product risks, please refer to the product brochure; and for exact terms and conditions and the full list of exclusions, please refer to the policy provisions of the plan.
Please make sure you are eligible for this product before applying.
Not exactly what you need?

Not exactly what you need?

If you are looking for a product that offers broader benefit coverage and higher benefit limits. Please contact us for more information.
Frequently asked questions

Frequently asked questions

No. MyTerm will be renewed at the end of each renewable period. The premium rates upon renewal are not guaranteed and will be determined at our sole discretion based on factors including but not limited to the age of the Insured on his or her next birthday at the time of renewal, claims experience and policy persistency from all policies under this product.
No, for online application, only monthly premium payment mode is available. However, after the policy is issued and in force, policy owner can change the premium payment mode.
You can only exercise this option once per Insured under all policies of MyTerm (including the full underwriting version of MyTerm policies) issued by us.
No. Online platform only accepts application from HKID holder and Hong Kong residents
You can leave your contact for FWD to follow up.
You can only increase the sum insured during the first policy year subject to our applicable rules and procedures (including but not limited to the relevant underwriting requirements). The change will be effective from the policy commencement date. For Life Celebration Booster, policy owner cannot increase the Sum Insured.

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