Participating Products

Notes:

1. As the fulfillment ratios are calculated on aggregate level among all relevant participating policies and assumptions relating to premium payment, dividend/coupon payment options, withdrawal and policy loan etc are made, the fulfillment ratios shown in the table may not represent the situation of each individual participating policy.
2. The figures are calculated based on the data as of relevant reporting year and have been rounded to the nearest percent.
3. The product series shown are those which have new policies issued in the previous 5 calendar years of the reporting year of 2021. For the avoidance of doubt, products that were launched after the reporting year are excluded.
4. The Product Type “Whole Life” is referring to both products covering whole of life and products covering up to age 100 only.
5. Fulfillment ratio would not be applicable (i.e. shown as “N.A.”) for some policy years of some products under the following situations,
   1. Under the fulfillment ratio for annual dividends and reversionary bonuses,
      
      1. there are no relevant inforce policies in the reporting year; or
         
      2. up to the corresponding policy years, no annual dividends or reversionary bonuses has been declared;
         
   2. Under the fulfillment ratio for terminal dividends and terminal bonuses,
      
      1. there are no relevant inforce policies in the reporting year;
      2. there are relevant inforce policies but no relevant policies has been terminated in the reporting year; or
         
      3. in the corresponding policy years, no terminal dividends or terminal bonuses has been declared
6. Fulfillment ratios for some products may be available before the product is launched or after the product is closed to sales. It may be due to various policy actions including but not limited to actions that involve change in policy date, for example, redating reinstatement, policy backdating and plan change. Redating reinstatement means changing policy date due to reinstating the policy status as inforce.
7. The figures reflect previous dividend and bonus declarations of participating products, and the payout after last declaration in reporting year 2021 considered investment experience and outlook up to first quarter of 2021.
8. Above figures do not reflect any dividend and bonus declarations after the reporting year, and the up-to-date dividend and bonus of individual inforce policy is reflected and stated in the policy value of the respective anniversary statement.