Term Life Insurance
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All premiums are calculated on standard rates and this quote is for reference only. The actual premium to be paid includes an insurance levy, which we’re obliged to collect for the Insurance Authority.
Before proceeding, please confirm you understand this product’s features and that it fits your need(s).
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 the last "gift" you leave to your loved ones.
MyTerm Plus offers “10 out of 10” coverage!
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
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$24 million1
Yearly renewable: enjoy comparatively lower premiums at application;
10 years renewable: avoid the risk of premium increases and plan ahead for the long-term expenses.
The total amount payable of the same type of term life insurance in the market is 100% of the total sum insured. MyTerm Plus (Superior) can offer life + accidental benefits up to a total amount payable of HK$ 24 million1 (=300% of total sum insured)!
An example of HK$8 million sum insured
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
|
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!
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!
If you are…
No need to worry for any expenses!
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!
is planning to buy more life protection for himself, but he does not know how much coverage is enough
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
Economy Standard | High CP value Superior | |
Death benefit | ||
Advanced death benefit11 | ||
Additional accidental death benefit12 | ||
Double indemnity benefit | ||
Life Celebration Booster Option13 | ||
Unemployment premium waiver benefit14 | ||
Conversion privilege15 | ||
FWD Care - Second medical opinion service16 | ||
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$200,000 at a renewal term of 1 year. All premiums (exclude levy collected by the Insurance Authority and non-guaranteed) are rounded to the nearest whole number and the actual premium amount varies from person to person and is for reference only.
Customers are asked as little as 1 health question with no medical exams or certificates.
Just a few taps and you can complete your online application as quickly as 5 minutes
Most customers can be covered with their policy emailed back as quickly as 30 minutes.
We make it easy to claim - and even easier to get paid. Selected claim types are approved and paid in just 42 seconds.
Good variety of product! Very convenient!
The online platform is easy to use with clear instructions.
Basic Plan
19 – 66
To insured’s age17 100
Guaranteed renewable up to insured’s age17 100
yearly / 10 years
HK$
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.
If you are looking for a product that offers broader benefit coverage and higher benefit limits. Please contact us for more information.