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FLEXIBLE ENDOWMENT
Living for a better life with a secured plan 

In all parts of life, everybody needs to build up a financial plan to protect themselves from the unlucky events that helps to ensure the achievement of our own dreams. Understanding the customer’s concern, Hanwha Life Vietnam introduces the Flexible Endowment accompanying with the customers through any unexpected obstacles in life.

I. OUTSTANDING BENEFITS

A. LONG TERM SAVING FOR A BETTER LIFE

1. Cash Coupon Benefits
Hanwha Life Vietnam will pay the Cash coupon benefit directly into the Policy value periodically and based on the percentage of the annualized premium at the payment time, as the following:

Policy term Cash bonus (% of annualized premium)

Policy Anniversary

5

Policy Anniversary

 10

Policy Anniversary

15

Policy Anniversary

20

Total
10 10% 40%     50%
15 10% 40% 70%   120%
20 10% 40% 70% 100% 220%

2. Benefit of Declared Interest Rate

The declared interest rate is closely related to the Viet Nam financial market and is committed to be higher or equal to the Guaranteed Interest rate. The rate will be declared monthly on Hanwha Life’s official website and/or other public channels.

3. Benefit of Guaranteed Interest from Investment Result

With the efficient investment of Hanwha Life Viet Nam, the customers will have a peace in mind that their investments gain a stable and guaranteed interest rate at 5% per annum throughout the policy term.

4. Special cash benefit

The special cash benefit is the profit sharing with the customer receives and credited directly to the policy account. The special cash benefit can be paid once or many times during the policy term.

5. Policy Value

Policy value will be calculated at the declared interest rate from time to time. Any cash coupon or special cash benefit or any earning of those if deposited at the Company will be accumulated by compound interest rate and credited into the policy value.

6. Maturity benefit

At maturity date, Hanwha Life Vietnam shall pay the policy value at declared interest rate.

B. OVERCOME THE OBSTACLES, LESSEN DIFFICULTY

1. Terminal Illness benefit (TI)

Upon the Life Assured’s terminal Illness while the Policy is still in force, Hanwha Life Vietnam will pay the higher of 100% of current Sum Insured or the policy value at event date in order to help customer overcome the financial burden; then the policy will be terminated.

2. Total & Permanent Disablement Benefit (TPD):

Upon the Life Insured’s TPD before the Life Insured attains Age 65 while the Policy remains in force, Hanwha Life Vietnam pay the higher of 100% of current Sum Assured or the policy value at event date; then the policy will be terminated.

3. Death Benefit:

Upon the Life Insured’s death while the Policy is still in force, Hanwha Life Vietnam will pay the higher of 100% of current Sum Insured or the policy value at event date; then the policy will be terminated.

II. EXAMPLE

Mr. Nguyen Van A, 32 years old, participates in Flexible Endowment with SA of VND 300 millions with the premium term of 15 years and policy term of 20 years. He also participates in Enhanced Accident Death Benefit rider with SA of VND 300 millions and Enhanced Critical Illness rider with SA of VND 300 millions.

  • Annualized premium of Flexible Endowment: VND
  • Annualized premium of Enhanced Critical Illness rider: 957.000 VND
  • Annualized premium of Enhanced Accident Death Benefit rider: 483.000 VND

SAVING BENEFIT                                                                                Currency: VND

Total cash coupon benefits (at the declared interest rate of 8%):                 56.324.000
Maturity benefit (at the declared interest rate of 8%) (a):                            646.785.000
Special cash benefit(s) (b):                                                                       18.840.000
Total benefits at the maturity (c = a + b):                                                  665.625.000

PROTECTION BENEFIT                                                                                Currency: VND

Product Insured events Benefit
For the Life Assured
Flexible Endowment

Death; or Total and permanent disability before 65 years old; or Terminal Illness

 Higher value of: 300.000.000;
or Policy value

Enhance Critical Illness Rider Treatment of Angioplasty (from 18 and above) 60.000.000
Treatment of Carcinoma in situ (cervix, 
breast or colon ( from 18 and above)
60.000.000
Terminal Illness 300.000.000
Enhanced Accident Death Rider Death by plan accident 900.000.000
Death by accident:
- Public transportation; or
- Public elevator; or
-  Fire in public building (*)
600.000.000
Death by accident 300.000.000
Total and permanent disability by accident 300.000.000
Partial and permanent disability by accident % of 300.000.000 based on the injury ratio

(*) Article 5.1.b in the Terms and Provisions of Enhanced Accident Death rider

III. ADDITIONAL INFORMATION

  • Entry age of Policy owner:                                       From 18 years old.
  • Entry age of Life Assured:                                        From 0 to 60 years old.
  • Maturity age of Life Assured:                                 80 years old.
  • Policy term :                                                                      10/15/20 years.
  • Premium term:

Option 1: 10 years with10 years Policy term

Option 2: 10/15 years with 15 years Policy term

Option 3: 10/15/20 years with 20 years Policy term

Please contact with the Financial Consultant(s) of Hanwha Life Vietnam for details.