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Term Life Insurance
MyTerm Plus Term Life Insurance Plan
Total amount payable up to HK$24 million. No. 1 online term life insurance coverage!
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Gender
Smoking status
Age
Renewable period
Choose a plan
Monthly
Annual
Have a promo code?
All premiums are calculated on standard rates and this quote is for reference only. The premium levy, which we’re obliged to collect for the Insurance Authority, is payable in addition to the actual premium to be paid.
Before proceeding, please confirm you understand this product’s features and that it fits your need(s) and affordability.
Why Do I Need MyTerm Plus?
MyTerm Plus is a pure term life insurance. When misfortune occurs and you can no longer be with your family in person, MyTerm Plus will provide them with a lump sum of financial support, as if it’s the last "gift" you leave to your loved ones.
- Total amount payable up to HK$24 million¹. No.1² online term life insurance coverage
- Won the 10Life Happy Kids Certification 2024³
- Zero saving element, relatively cheaper premium
- One plan protects your whole family
given your family any memorable gift?
Bought my parents a massager with my first salary after entering the workforce to repay for raising me
Bought my other half the most-wanted watch on the wedding anniversary to make him/her happy
Took my children on a trip to Japan, to the theme park they like, and eat their favorite ramen and sushi when they excelled in the exams
A different kind of “gift”
Do you still remember the look of pure happiness on their faces when they received the gifts you prepared? However, what if an unexpected emergency happens, will you still be able to provide them this “happiness”?
MyTerm Plus is a different kind of “gift”. In the future, when you can no longer be there in person for your loved ones, it will not only alleviate their financial burden, but also support them to continue on their own life journey.
How can the gift of MyTerm Plus provide for the whole family?
To safeguard against the lost of household support from children, and help your parents continue enjoying the retirement
To protect against the risk of mortgage default, and help your other half continuing paying for your home
To minimize impact of your children’s education plans, allowing them to pursue their dreams as they wish
FWD can help you! Life coverage of up to HK$24 million1
What’s special about MyTerm Plus?
Zero saving element, relatively cheaper premium
High CP value: Same premium, higher protection! Extensive coverage with just a small amount of money!
is considering to apply for pure term life insurance or life insurance with savings element
The above comparison is based on the assumptions of the same coverage and policy cost at the standard premium rates at policy application.
Same premium for more coverage.
MyTerm Plus prepares a bigger “gift” for your beloved family members!
Flexible renewable period. 10 years renewable period allows you to plan ahead on your expenses
Yearly renewable: enjoy comparatively lower premiums at application;
10 years renewable: avoid the risk of premium increases and plan ahead for the long-term expenses.
Total amount payable = 300% of total sum insured
The total amount payable of the same type of term life insurance in the market is 100% of the total sum insured. MyTerm Plus (Superior) can offer life + accidental benefits up to a total amount payable of HK$ 24 million1 (=300% of total sum insured)!
Comparison of Term life insurance
An example of HK$8 million sum insured
| Comparison items | FWD MyTerm Plus Superior version8 | B Company | Company B |
|---|---|---|---|
|
Max. sum insured
(Age Next Birthday) | HK$8million⁹ (19-51) | HK$8million (19-46) | HK$5.5million (19-56) |
| Comparison of total amount payable | |||
| Max. total amount payable | HK$24million¹ 300% of total sum insured | HK$8million Only 100% of total sum insured payout under any scenario | HK$5.5million Only 100% of total sum insured payout under any scenario |
| Scenario 1 Insured passes away due to sickness | HK$8million Death Benefit | ||
| Scenario 2 Insured passes away due to an accident |
HK$8million x2
Death Benefit
Additional accidental death benefit
| HK$8million 100% of total sum insured | HK$5.5million 100% of total sum insured |
| Scenario 3 Insured passes away due to an earthquake during travelling |
HK$8million x3
Death Benefit
Additional accidental death benefit
Double indemnity benefit
| ||
Uplift of sum insured at ease without underwriting for the designated important milestones
For each important milestone in life, you deserve an extra “gift”!
At the designated important milestone in life, you can uplift the sum insured at ease without underwriting10, so you can protect your family more!
Uninterrupted coverage during unemployment
If a worker becomes unemployed, he/she may not be able to pay the premium temporarily, and it may lead to lapse in coverage.
MyTerm Plus can help you! 1 year premium wavier for unemployment!
Do you still think that MyTerm Plus is not for you?
That’s if you are….
Super rich
No need to worry for any expenses!
Selfish people
Do not care about your family expenses!
If you are not one of the above, MyTerm Plus can help you! Just a small amount of premium can cover your family’s expenses in the future!
How much sum insured is enough for protecting your family?
is planning to buy more life protection for himself, but he does not know how much coverage is enough
(25 years more from now)
| Amount required for protection | |
|---|---|
| Annual income | HK$480k (Monthly income x 12 months) |
| Working period until the expected age for retirement | x 25 years |
| Total | HK$12 million |
FWD can help you! Life coverage of up to HK$24 million1
Choose your ideal plan option
Economy Standard | High CP value Superior | |
Death benefit |
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Advanced death benefit11 |
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Additional accidental death benefit12 |
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Double indemnity benefit |
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Life Celebration Booster Option13 |
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Unemployment premium waiver benefit14 |
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Conversion privilege15 |
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FWD Care - Second medical opinion service16 |
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Monthly Premium | as low as HK$9.72 Quote now | as low as HK$11.52 Quote now |
The premium is calculated on standard rates and is based on the monthly premium for a non-smoking male aged 18 with coverage of HK$200,000 at a renewal term of 1 year. All premiums (exclude levy collected by the Insurance Authority and non-guaranteed) are rounded to the nearest whole number and the actual premium amount varies from person to person and is for reference only.
How good is FWD Online?
FWD Online - A one-stop insurance platform
Customers are asked as little as 1 health question with no medical exams or certificates.
Just a few taps and you can complete your online application as quickly as 5 minutes
Most customers can be covered with their policy emailed back as quickly as 30 minutes.
We make it easy to claim - and even easier to get paid. Selected claim types are approved and paid in just 42 seconds.
Voice of real customers
Good variety of product! Very convenient!
The online platform is easy to use with clear instructions.
MyTerm Plus at-a-glance
Basic Plan
19 – 66
To insured’s age17 100
Guaranteed renewable up to insured’s age17 100
yearly / 10 years
- Premium is varied by factors including but not limited to insured’s age17, gender, smoking habit, usual residency, occupation, health factors and renewable period5
- For 10 years renewable period, the premium rate18 is guaranteed and will not be increased based on the age17 of the insured within each of the renewable period5
- MyTerm Plus will be renewed at the end of each renewable period5. The premium rates upon renewal are not guaranteed and will be determined at our sole discretion based on factors including but not limited to the age17 of the insured at the time of renewal, claims experience and policy persistency from all policies under this product
HK$
HK$200,000
| Issue age17 | Maximum sum insured |
|---|---|
| 19 -51 | HK$8,000,000 |
| 52 – 66 | HK$3,500,000 |
This platform offers Monthly / Annual premium payment mode
Policy holder can contact FWD Customer Service to amend premium payment mode after policy is effective
MyTerm Plus is underwritten by FWD Life Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability) ("FWD Life/ FWD/We"). This eCommerce Platform is operated by FWD Financial Limited ("FWD Financial"). FWD Financial is an appointed and licensed insurance agency of FWD Life.
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:
• I (and the Insured person if applicable) am a permanent HKID card holder with a Hong Kong residential address.
• Currently in Hong Kong at the time of making this application.
• I will not or have no intention to live or work outside Hong Kong or home country over 183 days in the coming 12 months.
• I am not a holder of the People’s Republic of China Resident Identity Card.
Note: Online applicants will be requested to visit FWD Insurance Solutions Centres under the following circumstances: 1) Collection of policy documents upon issuance of policy; 2) Cancellation of policy during the cooling-off period; 3) Change of beneficiary; or 4) Full surrender. Under specific circumstances, we may request online applicants to visit FWD Insurance Solutions Centres for identity verification.
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.
Want to know more
Life insurance is mainly divided into term life insurance and whole life insurance. It's important, as beneficiary could receive death benefit during the benefit term upon the death of the insured, which provide protection to your loved ones.
The advantage of buying life insurance is to provide a financial support to family members or beneficiaries to ease their burden upon death of an insured. Get covered instantly in just a few steps on FWD's website.
As the saying goes, accidents and unexpected events can happen, and not everything can be predicted. As you currently have a healthy body, you can obtain the necessary protection with lower premiums. When the unfortunate events occur, your loved ones may suddenly find themselves without support, and they may have to bear the financial burden of mortgage payments, funeral expenses, and more. Is that something you would want them to face?