Risk Disclosure Statements:
- The following investment choices are available for the investment-linked assurance schemes ("ILAS") issued by ING Life Insurance Company (Bermuda) Limited ("ING Life"). Your investments are subject to the credit risk of ING Life.
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The premiums paid by you towards the insurance policy will become part of the assets of ING Life. You are not investing in the underlying investments of the investment choices and you do not have any rights or ownership over these underlying investments. Your recourse is against ING Life only.
- Your return on investment is calculated by ING Life with reference to the performance of the underlying investments.
- The return of ILAS is based on investment choices linked to ILAS which is calculated by ING Life with reference to the performance of a corresponding SFC-authorized fund. Investors should note that the return on investments under ILAS shall be subject to charges of ILAS and may be lower than the return of the corresponding SFC-authorized fund.
- Early surrender or withdrawal of the policy/suspension of or reduction in premium may result in a significant loss of principal and/or bonuses awarded. Poor performance of underlying investments may further magnify investment losses of investors, while all charges are still deductible.
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The investment choices available under ILAS can have very different features and risk profiles. Some may be of high risk.
- You should not purchase this product unless you understand it and it has been explained to you how it is suitable for you. The final decision is yours.
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Please note the following relating to the charges of i.KnowU and i.KnowU (One-off Premium).:
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1. The Cost of Insurance for the life insurance coverage may increase substantially during the policy term due to a combination of factors, such as, the insured age, investment performance (for Level Death Benefit Option) etc; and
2.
The higher the Cost of Insurance, the lesser the amount of premium is available for investment purposes; and
3. The Cost of Insurance may increase substantially to a level exceeding your regular premium payment, for instance when your investment choices have been incurring significant losses. In such case, your Policy Value may not be enough to cover the policy charges (including the Cost of Insurance), your policy will be terminated early and you will not be able to enjoy any death benefit or other benefits from the policy, and you may suffer total loss of your investments. |
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The return of some of the investment choices is calculated with reference to pools of assets internally managed on a discretionary basis by ING Life. While the SFC has authorized ILAS, the SFC has not authorized the making of any of these investments.
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Investment involves risks. For details and charges of ILAS, please refer to the Principal Brochure
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Investment involves risks. Past performance should not be taken as an indication of future performance.
Issued by
ING Life Insurance Company (Bermuda) Limited
Investment Linked
| i.Master |
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i.Master is a regular investment-linked insurance plan offered by ING Life with the following key benefits.
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Start your investment with as little as US$125 per month |
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A choice of premium terms ranging from 5 to 30 years |
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No bid-offer spread charge |
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A wide range of investment choices for you to choose |
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Optional booster contribution for your additional or opportunistic investment needs |
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Three kinds of bonuses (subject to applicable conditions) available to help achieve your investment goals
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For details of the product features and the investment choices, please refer to the Product Brochure and Investment Choices Brochure.
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| 1 |
i.Master is an investment-linked assurance scheme under Class C linked long-term business as defined in Part 2 of Schedule 1 to the Insurance Companies Ordinance.
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| 2 |
The minimum Booster Investment Premium is US$1,500, please refer to the section of Summary of Charges in the Product Brochure for the charges.
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Download Principal Brochure and Product Key Facts Statement
Download Investment Choices Brochure |
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| i.Wealth Regular Investment Savings Plan |
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i.Wealth is one single plan that can help accomplish your personal goals.
Your personal goals, such as holidays overseas, buying a new house, getting married, sending children to universities and perhaps taking early retirement, are likely to change all the time as you pass through different stages of life. i.Wealth is an investment-linked insurance plan which is specially customised for you to meet these changing needs throughout your lifetime.
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Start your investment savings with as little as US$ 150 per month |
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Your choice of premium terms allows you to meet your personal needs |
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No subscription charge means all your savings are working for you right from the start |
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A wide range of well-known funds helps you take every chance to boost your capital return |
Your choice of premium terms
Premium terms of 5, 10, 15, 20 or 25 years are at your own choice, and your regular savings can be made monthly, half-yearly or yearly to meet your personal needs.
Your choice of funds
A wide range of selected funds, all managed by professional fund managers, is available for investment. For fund information, please refer to the Fund Options Summary, the corresponding appendix and the prospectuses of the underlying funds that are made available by ING.
Special Bonus boosts you savings
A Special Bonus will be credited to your policy at the end of the first policy year. The amount of bonus depends on the premium term and the amount of annual premium according to the following formula and bonus rate table.
Amount of Bonus = Bonus Rate x Annual Premium
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| Annual Premium (US$) |
Bonus Rate by Premium Term |
| 5 |
10 |
15 |
20 |
25 |
| 1,800 - less than 3,000 |
1.2% |
2.5% |
4.5% |
10.0% |
12.0% |
| 3,000 - less than 6,000 |
2.0% |
4.0% |
8.5% |
14.5% |
18.0% |
| 6,000 - less than 12,000 |
4.0% |
8.0% |
15.5% |
25.5% |
32.0% |
| 12,000 - less than 20,000 |
5.0% |
10.0% |
21.5% |
35.0% |
44.0% |
| 20,000 or above |
6.0% |
12.0% |
24.0% |
40.0% |
50.0% |
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The Special Bonus will be used to buy additional investment units and credited to the Initial Contribution Account according to your fund selection and allocation instructions in effect at the time.
Loyalty Bonus for long term commitment
A Loyalty Bonus, which equals the total policy fee being deducted throughout the premium term, will be credited to your policy at the end of the premium term.
The Loyalty Bonus will be used to buy additional investment units and credited to the Accumulation Contribution Account according to your fund selection and allocation instructions in effect at the time.
Life Protection up to age 100
While the policy is in force, the life coverage will be equal to 101% of the total Account Value of this plan. In addition to the above life coverage, an extra 10% of the Account Value, subject to a maximum of US$12,500, will be payable as accidental death benefit in the event of accidental death of the life insured during the first five policy years.
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| 1 |
The plan is an investment-linked assurance scheme under Class C linked long-term business as defined in Part 2 of Schedule 1 to the Insurance Companies Ordinance. |
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For premium term of 5-year, the minimum monthly premium is US$200. For other premium terms, the minimum monthly premium is US$150. |
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For details of the fees and charges, please refer to the section of Summary of Charges in Principal Brochure. |
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The Company reserves the right to revise the Loyalty Bonus by serving three months' prior written notice to the policy owner or such shorter period as agreed or accepted by the Securities and Futures Commission. |
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For death within the first two years from inception of the policy, life coverage will be reduced by any bonus previously paid. |
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Please refer to the Benefits Provisions of the Policy Contract for the circumstances under which accidental death benefit will not be payable. |
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Download Principal Brochure and Product Key Facts Statement
Download Investment Choices Brochure |
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| i.KnowU |
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i.KnowU is specially designed for those who care most about their family and their personal financial plans. This is an investment-linked insurance plan that allows you to enjoy conveniently and efficiently both life coverage (up to age 100) and fund management in one single plan. You can select your funds according to your own investment needs, or allocate wealth and life elements based on your personal needs.
In addition, i.KnowU further provides you two choices of plans: an ordinary version with higher level of protection and a Diamond Version which provides you higher savings potential with additional premium refund, so that you can manage your financial planning in a more efficient way.
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Your Choice of Life Protection
You can choose either Increasing Benefit (Life Coverage equals Sum Insured plus Account Value) or Level Benefit (Life Coverage equals Account Value or Sum Insured, whichever is higher). |
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Your Choice of Savings
To boost your savings amount and to fit your personal needs, you may contribute an additional investment amount, or choose the Diamond Version of i.KnowU.
Your Choice of Premium |
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Your Choice of Premium
You can set an additional Regular Investment Premium amount and/or deposit an additional Booster Investment Premium to boost your investment. |
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Double Scores for Building up your Wealth
| 1. |
Monthly Investment Bonus - Starting from the beginning of the 6th policy year, we will credit a Monthly Investment Bonus which is a specified percentage of your Account Value to your policy. |
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Refund of First Year Basic Premium (Specially for Diamond Version) - Starting from the 11th anniversary date to the 15th anniversary date of your policy, you will receive a premium refund, equivalent to 20% of the first year Basic Premium each year. |
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| 1 |
With same Basic Premium, the ordinary version provides higher Sum Insured than Diamond Version. |
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The Sum Insured is reduced by all withdrawals made in the 12 months preceding the date of death. |
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The current minimum annual Target Premium, annual Regular Investment Premium and Booster Investment Premium are US$1,200, US$450 and US$1,250 respectively. |
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Account Value is the number of units multiplied by the unit price of the respective funds in your policy account. |
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Download Principal Brochure and Product Key Facts Statement
Download Investment Choices Brochure |
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| i.KnowU (One-off Premium) |
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i.KnowU is specially designed for those who care most about their family and their personal financial plans. This is an investment-linked insurance plan that allows you to enjoy conveniently and efficiently both life coverage (up to age 100) and fund management in one single plan. You can select your funds according to your own investment needs, or allocate wealth and life elements based on your personal needs.
In addition, i.KnowU further provides you two choices of plans: an ordinary version with higher level of protection1 and a Diamond Version which provides you higher savings potential with additional premium refund, so that you can manage your financial planning in a more efficient way.
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One-off premium investment-linked insurance plan |
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Available to any persons ranging from age 1 to 75 (age at next birthday) |
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Simply begin your investment with as low as US$6,000 |
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100% premium will be invested in funds without any subscription charge incurred |
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Monthly Investment Bonus to boost up your wealth |
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No underwriting is required |
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| 1 |
For details of the fees and charges, please refer to the section of Summary of Charges in Principal Brochure. |
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Normal medical underwriting is required for extra life coverage. |
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Download Principal Brochure and Product Key Facts Statement
Download Investment Choices Brochure |
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The above information is for reference only. For a complete explanation of the terms and conditions, please refer to the policy.
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