Participating Products

The following table shows the fulfillment ratios for each of the participating product series. The calculation includes new policies issued by the Company since 2010. The fulfillment ratios are intended as a reference to assist prospective customers in making purchase decision. Please be alerted that the historical dividends / bonuses are not an indicator of future dividends / bonuses declaration of the participating products.

Calculation of Fulfillment Ratio

Fulfillment ratio for annual dividends

The fulfillment ratio for annual dividends is calculated as the ratio of aggregate actual accumulated annual dividends, and actual interests accumulated on dividend and guaranteed cash payment against the illustrated amounts at the point of sale for all relevant inforce policies in the reporting year. It is assumed that all premiums are paid in full when due, no cash withdrawal or policy loans are taken throughout the term of the policy and policyholders opt to leave all declared dividends, guaranteed cash payments and monthly incomes with the Company for interest accumulation based on the relevant actual interest rates.

Fulfillment ratio for reversionary bonuses

The fulfillment ratio for reversionary bonuses is calculated as the ratio of aggregate actual total reversionary bonuses against the illustrated amounts at the point of sale for all relevant inforce policies in the reporting year. It is assumed that all premiums are paid in full when due, no cash withdrawal or policy loans are taken throughout the term of the policy and policyholders opted to leave all declared reversionary bonuses to accrue in the policy. For the avoidance of doubt, cash value of reversionary bonuses is factored in the calculation. The face value of reversionary bonus is guaranteed once declared while the cash value of reversionary bonus is not guaranteed.

Fulfillment ratio for terminal dividends / terminal bonuses

The fulfillment ratio for terminal dividends / terminal bonuses is calculated as the ratio of aggregate payout of terminal dividends/ terminal bonuses against the illustrated amounts at the point of sale for all relevant policies which were actually terminated in the reporting year. It is assumed that all premiums are paid in full when due, no cash withdrawal or policy loans are taken throughout the term of the policy. Similarly, cash value of terminal bonuses is factored in the calculation. Terminal dividends / terminal bonuses can change from year to year or more frequently and the cash value of terminal bonuses is not guaranteed.