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THỊNH AN TÍCH LŨY TRỌN ĐỜI ƯU VIỆT

THỊNH AN TÍCH LŨY TRỌN ĐỜI ƯU VIỆT. I05  I06. 08/2019. Must have an active financial plan. Life quality Time pressure. LIFE STAGES. 30. 45. 60. INCREASING RESPONSIBILITIES  INCREASING FINANCIAL DEMAND. CUSTOMER’S DEMAND. Life is prosperous and guaranteed

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THỊNH AN TÍCH LŨY TRỌN ĐỜI ƯU VIỆT

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  1. THỊNH AN TÍCH LŨY TRỌN ĐỜI ƯU VIỆT I05  I06 08/2019

  2. Must have an active financial plan • Life quality • Time pressure LIFE STAGES 30 45 60 INCREASING RESPONSIBILITIES  INCREASING FINANCIAL DEMAND

  3. CUSTOMER’S DEMAND • Life is prosperous and guaranteed • Active financial plan in each period • Show love and responsibility • Investment to increase asset value • Flexible premium payment • Temporarily suspend premium payment • Receive bonus

  4. THỊNH AN TÍCH LŨY TRỌN ĐỜI ƯU VIỆT

  5. CONTENT Regulations of participate age and policy term 01 PARTICIPATE CONDITION What are the benefits of the product and the highlights 02 INSURANCE BENEFIT 03 Product operation and related costs ƯU ĐÃI STBH CAO ƯU ĐÃI STBH CAO RELATED COST 04 Illustrations and examples of product benefits ILLUSTRATION

  6. 01. PARTICIPATE CONDITION

  7. 02. PARTICIPATE CONDITION Entry Age From 0 to 60 years old Policy Term Until the Insured attains 99 yrs old Premium Paying Period Equal to Policy Term Required Premium Paying Period First 3 policy years

  8. 02. INSURANCE BENEFIT

  9. 02. INSURANCE BENEFIT A. DEATH / TPD BENEFIT Basic I05 MAX {SA, AV} Advanced I06 • Before 70yrs old: SA + AV • From 70yrs ~: MAX {SA, AV} B. MATURITY BENEFIT 100% Account Value(**) (*) TPD benefit: payable until the Insured 99 years old (**) Account Value: calculated at the time when Insured attains 99 years old

  10. 02. INSURANCE BENEFIT C. SPECIAL BONUS BENEFIT Special Bonus 200%Average 20-year basic premiums paid following annual mode during 20 policy years Payment by allocating to Account Value at the end of 20th policy year Condition Pay fully basic premiums of 20 policy years Policy is still effective and no suspension in any time during 20 years Not withdraw any portion amount from Surrender Value Note Special Bonus is not paid in cash Allocated only once during Policy Term

  11. 02. INSURANCE BENEFIT D. POLICY MAINTAINING BONUS BENEFIT Policy Maintaining Bonus Phí BH 20%average 5-year basic premiums paid following annual mode during recent 5 policy years Payment by allocating to Account Value at the end of each 5 policy year Thưởng duy trì Condition Pay fully basic premiums of 5 policy years Policy is still effective and no suspension in any time during each 5 years Not withdraw any portion amount from Surrender Value Note Policy Maintaining Bonus is not paid in cash Allocated at the end of each 5 policy years if satisfy above conditions

  12. 02. INSURANCE BENEFIT BALANCE E. INVESTMENT BENEFIT Investment operation Fund Management Cost Investment Income Investing Allocate After 01 fiscal year Universal Life Fund Account Value Interest Investment Income>Declared Interest Add more Allocate Special Interest = Investment Income – Declared Interest Interest Rate Interest Rate used to calculate must not be less than the Guaranteed Interest Rate:

  13. 02. INCENTIVE PROGRAM F. INCENTIVE FOR HIGH SUM ASSURED INCENTIVE CONDITION Sum Assured is higher than or equals to below level: Incentive Amount: 0,5%Basic Premium paid Allocating Account Value

  14. 02. INCENTIVE PROGRAM F. INCENTIVE FOR HIGH SUM ASSURED Example 1:Sum Assured satisfies the conditions of Incentive Meet the conditions of incentive Customer: Male, 35 yrs old Product: Basic – I05 Sum Assured: 1 Billion VND Payment mode: Semi-annual Basic Premium: 11 Million VND Incentive = 0.5% x 11 million = 55.000 VND  Incentive with high SA 0.5% of basic premium he paid  Adding to Account Value directly Example 2:Sum Assured does not satisfy the conditions of Incentive Customer: Male, 35 yrs old Product: Advanced – I06 Sum Assured: 500 Million VND Payment mode: Annual Basic Premium: 15 Million VND Not meet the conditions of incentive There is no incentive amount adding to Account Value

  15. 02. INSURANCE BENEFIT G. OTHER BENEFITS • Remaining policy effectiveness during first 3 years even though the Account Value is not enough to deduct monthly deduction amounts, with below conditions: • Must pay fully Basic Premiums, and • Not withdraw or advance Policy Loan from Surrender Value. Withdraw a portion from Surrender Value after Policy has been effective for 01 year. Policy Loan from Surrender Value after Policy has been effective for 01 year. Reduce Sum Assured after Policy has been effective for 01 year.

  16. Insurance Benefit Summary • I05: Higher value between • SA and AV • I06: 10th year 30th year 20th year 1st year • Total value of SA and AV (~70) • Higher value between • SA and AV (70~) Maintenance Bonus Maintenance Bonus Maintenance Bonus Policy Term Entry MATURITY 100% AV Maintenance Bonus + Special Bonus Maintenance Bonus Maintenance Bonus DEATH / TPD 15th year 5th year 25th year

  17. 03. PRODUCT OPERATION & RELATED COSTS

  18. 03. PRODUCT OPERATION Bonus Premium (Basic +Top-up) Fund Management Cost Initial Cost Interest Allocated Premium Investment Income Policy Management Cost Investing Deduct Universal Life Fund Account Value Cost Of Insurance Monthly Death / TPD Maturity Withdraw Surrender

  19. 03. RELATED COSTS INITIAL COST Premium Payment Year Deduction From Top-up Premium Deduction From Basic Premium 5% 1 65% 5% 2 35% 5% 3 25% 5% 4 15% 5% 5 10% 2.5% 6 ~ 2.5%

  20. 03. RELATED COSTS Cost of Insurance Used to cover risk insurance benefit; Depend on each age, gender; Deducted from Account Value on monthly anniversary date.

  21. 04. RELATED COSTS POLICY MANAGEMENT COST Used to manage the Policy and to provide all related information to the Policy Owner; Deducted from the Account Value on monthly anniversary date Fixed at 25,000 VND/month and maximum 60,000 VND/month

  22. 03. RELATED COSTS FUND MANAGEMENT COST Used to pay for management activities of the Universal Life Fund; Deducted before the Company declares the Declared Interest Rate; Based on the Account Value, equal to 2%/year.

  23. 03. RELATED COSTS SURRENDER CHARGE % of basic premium of the first Policy Year Policy Year 100% 1st ~ 3rd 80% 4th ~ 6th 60% 7th 40% 8th 20% 9th 0% From 10th and over

  24. 03. RELATED COSTS WITHDRAW COST Must pay when withdrawing a portion amount from the SV; Deducted directly from withdrawal amount; Withdraw Cost is: % Withdraw Amount Policy Year 1st~ 9th 2% 0% 10th ~

  25. 04. PRODUCT ILLUSTRATION

  26. 04. PRODUCT ILLUSTRATION Customer Information - Nguyen Van A, Male, 30 years old purchase Cathay Whole Life Universal Life 2019 - Sum Assured: 400M VND - Policy Term: 69 year - Premium per year: 15M VND - Premium Paying Period: 20 year Account Value Account Value (*) AV is illustrated at interest rate 6%, included in bonus

  27. 04. PRODUCT ILLUSTRATION Death / TPD Benefit The Insured unfortunately dies or gets total permanent disability at 10th year. Company will pay: • I05: Max {SA; AV} • I06: SA + AV 10th year 1st year Policy Term 99 30 40 Age Guaranteed Rate SA = 400M I05 8% 6% Pay 400M VND AV 152.8M 176.6M 196.5M Guaranteed Rate I06 Rate 8% Rate 6% Guaranteed Rate 8% 6% AV 148.7M 171.4M 190.3M 548.7M 571.4M 590.3M Policy is terminated

  28. 04. PRODUCT ILLUSTRATION Maturity Benefit Insured 99 yrs old The Insured lives until attaining 99 years old. Company will pay: 100% Account Value Total Premium: 300M 1st year 2nd year 3rd year 20th year Policy Term 99 yrs old 31 30 32 50 Age SA = 400M I05: I06:

  29. 04. PRODUCT ILLUSTRATION Special Bonus Benefit Policy Owner pays fully basic premiums during 20 years; Not withdraw any portion amount from Surrender Value Special Bonus = 200% Average 20-year basic premiums 20-year basic premiums Policy Term 31 30 32 50 99 1st year 2nd year 3rd year 20th year Special Bonus 16M I05 Allocate Account Value 20M I06

  30. 04. PRODUCT ILLUSTRATION Policy Maintaining Bonus Benefit Policy Owner pay fully basic premium of each 5 years ; Not withdraw any portion amount from Surrender Value Maintaining Bonus = 20% Average 5-year basic premium paid * Considering bonus time: policy year 5th, 10th, 15th, 20th, … 5-year basic premiums 5-year basic premiums Policy Term 48 49 46 47 33 34 45 31 32 30 99 5th year 16th year 17th year 20th year 1st year 2nd year Maintaining Bonus I05 I06 1.6M 2M [1] Total Bonus: including special bonus and policy maintaining bonus [2] Account Value at the end of 20th year is illustrated at interest rate 6%

  31. Q & A

  32. I05 – I06 Universal Life Product Incentive For high SA Bonus General feature New design New design Before: Customer pays fully basic premiums, but there is no any bonus amount for customer Customer purchases product with high Sum Assured PROTECTION Receive an incentive amount which is calculated based on basic premium paid I05/I06: designed having the bonus for customer who has good behavior in premium paying INVESTMENT

  33. THANK YOU

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