Press Release

ING launches "123 Easy Grow" Renminbi Savings Insurance Plan
Growing savings is as easy as 1-2-3

ING Life has launched a three-year Renminbi short term endowment product, the "ING 123 Easy Grow Renminbi Savings Insurance Plan", offering attractive guaranteed returns. This plan is one of the shortest term payment programs in the marketplace and locks in the exchange rate from Year 1 of the policy term. With a premium term as short as just 2 years and a guaranteed annual return of 1.5% in Renminbi terms, clients are able to achieve their savings goal at maturity in 3 years.

One distinct feature of 123 Easy Grow is the exchange rate lock in for premium
payments. If the Renminbi appreciates after insuring with ING, customers are not required to pay extra premium costs. The premium payment is calculated based on a designated exchange rate, thus the payment remains fixed throughout the 2-year payment term. In view of the steady and potential growth of the Renminbi, 123 Easy Grow puts the control of your finances in your hands and allows you to grasp the opportunity to grow your assets.

The plan is a preferred option for anyone looking for easier savings. The premium term is as short as just 2 years, and when the plan matures after 3 years, a target savings lump sum amount, inclusive of a guaranteed annual return of 1.5% (in Renminbi terms), will be issued. In addition, the potential appreciation of the Renminbi helps customers accumulate their wealth in today's unstable financial environment.

This plan also offers life protection and an accidental death benefit. In the event of death before the policy matures, a death benefit equivalent to 101 per cent of the premium paid or guaranteed cash value (whichever is higher) is payable. If the insured passes away due to accidental reasons during the policy years, an accidental death benefit which is equivalent to 30 per cent of the premium paid or RMB 90,000 (whichever is lower) would be offered.

The plan also comes with guaranteed approval of application without the trouble of a medical check-up. The minimum sum insured is RMB 50,000, and the insurable age is from 1 to 75. The product is offered on a limited basis and is subject to capacity limits.

In line with the launch of 123 Easy Grow, a new advertising campaign will be rolled out, including full page advertisements, tram shelter advertisement, and an outdoor billboard. A simple and direct "123" message is conveyed in the advertisements to bring out the product features: exchange rate lock in for premium payments from Year 1, reaching your target sooner with a 2-year payment term, and maturity in 3 years with a guaranteed annual return of 1.5% in Renminbi terms.

Enquiry: 3123 3123

123 Easy Grow product leaflet

The currency of the plan is in Renminbi but the annual premiums and all benefits under this plan will be payable and settled in Hong Kong dollars only.

In the event of unforeseeable extreme market fluctuations during the product offer period, ING reserves the right to adjust the pre-determined exchange rate. However this will not apply to policies already sold to customers.

Please refer to exchange rate risk exposure section in the product leaflet to understand more about the potential currency risk.

Exchange rate of Renminbi against Hong Kong dollar may fall as well as rise. Application of the plan is subject to exchange rate risk.

Accidental Death Benefit is not applicable under specific circumstances. Please refer to the Policy Provisions under Benefit Provisions for the exclusion clause.

The offer of this plan is limited and availability is at the discretion of ING Life. ING Life reserves the right to decline applications for this plan with a full refund of any premium paid without interest.

This description is for reference only. For a complete explanation of the terms and conditions, please refer to the policy.