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Universal Life Insurance

FWD Embracing Changes 3.0

A flexible financial plan combining solid protection and safe investments with guaranteed interest rates

Available to buy via:

  • FWD agents
  • Agribank
  • HDBank
  • Nam A Bank
  • Vietcombank
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Meaningful living benefit against late-stage cancer up to 80 years old

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Increase the protection benefit for Total and permanent disability up to 200% of the Sum Assured

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Flexibly adjust protection plan according to your priority needs to focus on protection, investment, or balance both

24/7 E-withdrawal - first time in the market

24/7 E-withdrawal - first time in the market

Learn more about this plan

Learn more about this plan
Get to know this plan
Benefits
What and how we pay out
Benefits
What and how we pay out

Protection benefits

Late-stage Cancer

10 times of Target premium of 1 policy year. (Maximum up to 30% of the Sum assured)

Condition:

The benefits for Late-stage cancer will only be paid once within the policy period. The maximum total amount payable for this benefit for an insured person, across all valid insurance policy of ULP product with FWD, is 2 billion VND.

FWD will pay Late-stage cancer benefit if:

• Cancer is not a pre-existing condition; and

• The insured person is still alive at the time of cancer diagnosis by a Doctor; and

• Symptoms and signs related to cancer and diagnosis must occur 90 days after the Effective Date of the contract or from the latest Reinstated Date (for contracts with Reinstated feature) or the date when the new Sum Assure becomes effective (applicable only for increase coverage).

For details, please refer to Section 8.1.1 – Product terms & condition

Total and Permanent disability (TPD) or Death

[Higher amount between Target premium account and Sum assured] + Excess premium account

The policy will be terminated upon payout of TPD benefit or Death benefit.

Condition:

FWD only pays TPD benefits if it is not a pre-existing condition.

For more details, please refer to Section 8.1.2 - Product Terms & Condition

TPD income support

• TPD insured event occurs within LA’s labor age (18-60 years old): 100% Sum assured.

• TPD insured event occurs out of LA’s labor age (18-60 years old): 50% Sum assured.

Condition:

This benefit will be paid when FWD accept the payment of TPD benefit as stated in Section 8.1.2 For more details, please refer to Section 8.1.3 - Product Terms & Condition

Investment benefits

Crediting interest rate earned from FWD Universal Life Fund

Since the inception, the Policy Account will earn interest according to actual performance of our Universal Life Fund and this will not be lower than our guaranteed interested rates.

Please refer to the product terms & conditions for more details on our guaranteed interest rates

Regular loyalty bonus

Every 3 years, from Year 3 to Year 18, we will give you a regular loyalty bonus:

Regular loyalty bonus = Bonus rate (%) x The accumulated interest from your target premium account value during the review period

Bonus reviewing period: each 3 years, from Year 1 to Year 18.

Condition:

During each reviewing period, the following condition must be met:

• Policy remains in- force;

• Target Premium is paid fully every policy year; and

• No withdrawal made from the Target Premium account during the review period.

For more details, please refer to Section 8.2.1 and 8.2.3 - Product Terms & Condition

Special loyalty bonus

Special loyalty bonus will be paid as 100% of one annualized TP on 10th Policy anniversary

Condition:

During each reviewing period, the following condition must be met:

• Policy remains in- force;

• Target Premium is paid fully every policy year; and

• No withdrawal made from the Target Premium account during the review period.

For more details, please refer to Section 8.2.1 and 8.2.3 - Product Terms & Condition

Policy maturity benefit

Customer will receive policy account value at Policy maturity date.

Additional benefits

Celebrate living benefit

At the Policy maturity date, FWD shall pay the additional benefit (on top of Maturity benefit at specified in the 9.2.2) equal to 20%SA, but not exceed 500mil.

Condition:

The Well-being benefit will be paid when the Policy maturity benefit paid

For more details, please refer to Section 8.3.1

Non-lapse guarantee

During the first 3 policy years, provided that all Target premiums of basic plan have been paid fully in due (including the case that EPA is used to pay for Target premium) and no partial withdrawal from TPA, the basic plan is guaranteed to remain in-force even in case of Target Premium Account is insufficient to cover monthly Cost of insurance and Admin charge.

Condition:

The Non-lapse guarantee benefit is applied if the following conditions are met within the first 3 policy years:

• All Target premiums of basic plan have been paid fully in due and;

• no partial withdrawal from Target Premium Account

Automatically increased sum assured without Health underwriting

Customer can request to increase the sum assured at the following key milestones without going through underwriting:

• Getting married; or

• Having a baby or adopted children; or

• Your child(ren) starting primary, secondary, high school or university.

Flexible features

Flexible sum assured options

With the same premium, you have the flexibility to select Sum Assured depending on your preference/ priority need at inception, either focusing on protection, or investment, or balancing both. In addition, you also have the flexibility to adjust chosen plan in the future once your need changes.

24/7 e-withdrawal

This gives you flexibility and control over all financial needs. With just a few simple steps on your phone, you can withdraw money from your insurance policy anytime, anywhere:

• Step 1: Access to Customer Portal – FWD 24/7 E-withdrawal.

• Step 2: Enter the amount to withdraw, and your receiving account.

• Step 3: Enter transaction confirmation code.

Important information:

1. FWD shall not pay protection benefits if the insurance event is the direct or indirect result of any of the following

• Suicide or self-inflicted injuries while sane or insane within 24 months from risk commencing date or policy reinstatement date, whichever is later

• Illegal Act committed by the Life Assured, the Policyholder or any beneficiaries. In case there is more than one Beneficiaries and one or some of them committed Illegal Act(s) against the Life Assured directly or indirectly resulting in the insured event under this Policy, the Company shall still pay an insurance benefit to any remaining Beneficiaries according to the ratio indicated by the Policyholder in the Insurance Policy.

For details, please refer to section 8.1.5 – Product terms & conditions



2. Customers have an obligation to fully, honestly and accurately declare all the information required to be declared. In the event that you intentionally violate the obligation to declare truthfully or intentionally declare false information or do not declare important information, at any time FWD may terminate the application form or approve the application form with additional conditions.

Important information includes, but is not limited to, health status, occupation, income that if FWD knows, FWD will only accept the application form with condition or accept application form with a higher premium or not accept application form.

For details, please refer to Section 2.2 – Product terms & condition



3. Customers have 21 days from the date of receiving the Contract for the first time to consider whether this Contract is suitable for your needs or not. During this period:

• You need to review the entire Contract, including the information of the Insured and the Policyholder stated in the Certificate, the application form to ensure that all information is recorded fully and accurately. You need to inform FWD immediately if you find any information that is not recorded fully or accurately for timely adjustment.

• You can request to cancel the Contract in writing to FWD or through the forms and electronic applications provided by FWD, in case you decide not to continue maintaining the Contract, and receive back the initial premiums paid, without interest, after FWD deducts any health examination fees and any amount that FWD has paid to the Policyholder, if any

For details, please refer to Section 3.1 – Product terms & condition

Want to maximise protection for your family?

Attaching the right add-ons to your basic plan will go a long way to maximise the cover for you and your loved ones. Interested in designing a bespoke solution to suit your needs? Check out our suggest below.

Dad (life assured)
Mum
Child(ren)

Dad (life assured)
Mum
Child(ren)
FWD Embracing Changes 3.0

FWD Care Health insurance 2.0

FWD Care Critical Illness insurance 2.0

FWD Care Critical Illness Waiver of Premium 2.0

FWD Care Death and Disability insurance

The not-so-small print

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