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Term Life Insurance

MyTerm Plus Term Life Insurance Plan

Pure life insurance plan - Coverage up to HK$8 million with yearly or 10 years renewable periods. Superior version also provides additional accidental death benefit and double indemnity benefit.

I am applying for


Smoking status


Renewable period

Sum insured

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).

10Life’s 10 out of 10 Term Life Insurance
  • Life protection up to HK$24 million*
  • Top up coverage without underwriting

*Assuming that the Sum Insured of the Insured is HK$8 million, if the Insured dies unexpectedly due to a specified accident, FWD will pay: a) a death benefit of 100% of the total Sum Insured; plus b) Additional accidental death benefit of 100% of the total Sum Insured; plus c) Double indemnity benefit of 100% of the total Sum Insured. The total amount payable is up to 300% of the total Sum Insured, which is HK$24 million. The relevant payout must meet the specified requirement(s) and is only applicable to MyTerm Plus Term Life Insurance Plan – Superior version. Please refer to the policy terms for details.

10Life calculates the estimated average coverage ratio and assigns the rating based on the public information shared by insurance companies. For more details, please refer to the 10Life website. The information provided is based on the data from the 10Life website which has not been independently verified by FWD Life. FWD Life makes no representations or warranties and accepts no responsibility or liability as to the accuracy, completeness or fitness for any particular purpose of the information. FWD Life shall not be responsible or liable for any loss or damages arising from the use of or reliance on such information.

Why should I choose term life insurance?

Term life insurance VS. Saving life insurance

Term life insurance - With zero saving element, and most of the premiums are spent on protection.
Saving life insurance - With saving element, part of the premiums is spent on protection and part is used for saving.

Sum Insured at same premium level upon policy application

Term life insurance vs Savings life insurance

The above comparison is based on the assumptions of the same coverage and policy cost at the standard premium rates at policy application.

What is MyTerm Plus term life insurance plan (“MyTerm Plus”)?

Sum insured up to HK$8 million¹

Simply answer 3 health questions and complete the application as fast as 5 minutes

Guaranteed renewable up to age² 100

Guaranteed renewable up to age² 100 irrespective the change of insured’s health condition upon policy effective.

Top up your coverage without underwriting at different life milestones

With the change of your life stages (such as marriage and the birth of a child), you can exercise Life Celebration Booster Option³ to top up your sum insured without underwriting³.

Unemployment premium waiver for 1 year

You can apply for the unemployment premium waiver benefit to waive one year’s premium if you become involuntarily unemployed.

Yearly or 10 years renewable period⁴

You may enjoy lower premiums at application if you choose annual renewable period, but premium will be adjusted annually at renewal. You can enjoy guaranteed fixed premiums during 10 years renewable period⁴ if you choose 10 years renewable period.

Flexi death benefit settlement option

You can choose the death benefit settlement option for the payment of death benefit in the form of a lump sum, regular installments or a mix of both.

Want to have a more comprehensive plan?

Uplift coverage to Superior version at a little extra premium to enjoy life and accidental benefits

Additional accidental death benefit⁵

If insured pass away due to an accident, and meet specified requirement⁵, we will pay an additional accidental death benefit⁵ up to 100% of sum insured^.

Double indemnity benefit

If insured pass away due to specified accidents⁶, we will pay double indemnity benefit that is equal to 100% of the amount payable in additional accidental death benefit⁵.

Death benefit

100% of total sum insured^

Additional accident death benefit⁵

100% of total sum insured^

Double indemnity benefit⁶

Double the amount of accidental accident death benefit⁵ (i.e. additional 100% of total sum insured^)

Up to 300%
of total sum insured^

FWD Care with you every step of the way

Second medical opinion services
Second medical opinion service⁷ provided by some of the highest-ranked US medical institutions.

^Total sum insured is the sum of the sum insured of MyTerm Plus and Life Celebration Booster (if any).

Choose your ideal plan option

Death benefit

Advanced death benefit⁸

Additional accidental death benefit⁵

Double indemnity benefit

Life Celebration Booster Option³

Unemployment premium waiver benefit⁹

Conversion privilege¹⁰

FWD Care -Second medical opinion service⁷

Monthly Premium

as low as


Quote now

as low as


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.

Case study

A few clicks to get covered

Answer 3 simple questions, no medical exam needed
Less than 10 minutes to apply
Get covered in as little as 30 minutes

General information

Plan Option

Basic Plan

Issue age (age next birthday)

19 – 66

Premium Payment Term

To insured’s age² 100

Benefit Term

Guaranteed renewable up to insured’s age² 100

Renewable period⁴

yearly / 10 years

Premium Structure
  • Premium is varied by factors including but not limited to insured’s age², gender, smoking habit, usual residency, occupation, health factors and renewable period⁴
  • For 10 years renewable period, the premium rate¹¹ is guaranteed and will not be increased based on the age² of the insured within each of the renewable period⁴
  • MyTerm Plus will be renewed at the end of each renewable period⁴. 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 age² of the insured at the time of renewal, claims experience and policy persistency from all policies under this product


Minimum sum insured


Maximum sum insured (per MyTerm series per insured)
Issue age²Maximum sum insured
19 -51HK$8,000,000
52 – 66HK$3,500,000
Premium Payment Mode

This platform offers Monthly 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.

Looking for other cover?

If you’re looking for more coverage, simply contact us and we’ll get back to you with more information.