LionTycoon Beyond 2

Successfully apply for designated plans from 1 October to 31 December 2023 to enjoy a preferential Premium Deposit Fund (“PDF”) interest rate of up to 5.5% p.a.^* on the prepaid premium during the Premium Prepayment Period, on top of any prevailing customer promotion(s)~. For details, please visit here.

* The preferential PDF interest rate is not guaranteed. Generali Life (Hong Kong) Limited (the “Company”) reserves the right to revise the rates from time to time.

~ Prevailing customer promotion(s) refers to any customer promotions of designated plans off­ered concurrently at the time of the application of such plan. For details, please refer to the relevant promotion flyer.

Remarks:

1. Terminal Dividend will be declared (if any) at least once a year provided that it is available and the Policy is still in force. The actual amount of Terminal Dividend (if any) will only be determined at the Company’s absolute discretion when exercising Terminal Dividend Lock-in Option or when it is payable.

2. All policy values, including Guaranteed Cash Value, Terminal Dividend and Total Premiums Paid for calculation of Guaranteed Death Benefit and Accidental Death Benefit will be reduced proportionately upon partial surrender.

Subject to the Company’s approval and the prevailing administrative rules, you may exercise Regular Partial Surrender from the 3^rd Policy Anniversary. You may apply for the option of Regular Partial Surrender by submitting written request to the Company on the Company’s prescribed form and get the Company’s approval with at least 2 months before the start of Regular Partial Surrender. Regular Partial Surrender will be effective upon the Company’s approval and the 1^st Regular Partial Surrender will take place on the Policy Anniversary immediately after the approval date. Subject to the requirement of minimum Notional Amount of the Policy as per the Company's prevailing administrative rule, and if the total surrender amount is not enough to pay the requested regular partial surrender amount, Regular Partial Surrender will cease automatically.

3. The interest rate is not guaranteed. For the latest interest rate, please refer to the illustration.

4. For Regular Lock-in Option, you are required to apply and get the Company’s approval at least 2 months before the next Policy Anniversary. It will be effective upon the Company’s approval and the 1^st lock-in will take place on the Policy Anniversary immediately after the approval date. The aggregated lock-in percentage of both Regular Lock-in Option and Flexi Lock-in Option shall not exceed 60%. After exercising Terminal Dividend Lock-in Options, any future Terminal Dividend will be adjusted correspondingly at a rate to be determined by the Company based on the Terminal Dividends which have been locked-in. Upon approval of the request, no change or cancellation of the option is allowed. Please refer to the terms and conditions in the Policy Provisions for details of the Terminal Dividend Lock-in Options.

5. Subject to the Company’s approval and the prevailing administrative rules, you may apply for withdrawal from the Benefit Accumulation Account at any time by submitting a written request to the Company on the Company’s prescribed form.

6. Once the Surrender Benefit becomes payable under Contingent Recipient Option, the Policy shall automatically terminate.

7. A person who is incapable, by reason of mental incapacity, of managing and administering their property and affairs. The diagnosis must be confirmed by a Registered Medical Practitioner who is a psychiatric specialist. The Company reserves the right to conduct an independent evaluation of the Insured whenever deemed necessary to ascertain the diagnosis.

8. To apply for the Extended Grace Period Option, you are required to submit a written request to the Company in prescribed form at least 1 month before the start date of the specified Grace Period. Once exercised, the 1^st premium due on or immediately after the approval date of the request shall be paid on or before the last day of the Extended Grace Period. During the Extended Grace Period, the Policy will remain effective. However, premium will continue to accrue and any due and unpaid premiums during that 180-day period are required to be settled by the end of the Extended Grace Period. Please note, if you have prepaid the premium with sufficient amount to settle the premium due, this option will not be applicable. On the date when no more premium payment is required under the Policy or when this option has been exercised, whichever is earlier, Extended Grace Period Option shall automatically terminate.

9. The start date of the Premium Holiday must be on the Policy Anniversary. To apply for the Premium Holiday Option, you are required to submit a written request to the Company on the Company’s prescribed form at least 1 month before the start of the Premium Holiday. Any Indebtedness must be repaid before the Premium Holiday is effective. Upon the start of the Premium Holiday, all supplementary benefit(s) (if any) attached to the Policy will be terminated. Please note, this option is only applicable to any policies that select 8 years or 10 years for Premium Payment Term. The Premium Holiday Option shall automatically terminate on the occurrence of the earliest of (i) the aggregate period of Premium Holiday taken is equal to 2 years; (ii) on the date the Basic Plan is paid up; and (iii) the Policy Anniversary at which the Insured attains age 70 or the new Insured under Legacy Planning Option attains age 70.

10. Accident Death Benefit shall automatically terminate on the occurrence of the earliest of (i) the 3^rd Policy Anniversary; and (ii) once the Accidental Death Benefit is payable.

11. Total Premiums refer to all premiums paid and payable to the Company before the Expiry Date excluding any substandard premiums and premiums of any supplementary benefits.

12. You may exercise “Change of Insured” option starting from the 1^st Policy Anniversary. The application of “Change of Insured” option is subject to the Company’s prevailing administrative rules and the following requirements:

· The new Insured must be alive at the time of the Legacy Planning Option is exercised;

· The new Insured must have an insurable interest with the Policyholder; and

· The new Insured must be younger than the existing Insured or below age 75.

The application of “Policy Continuation” option is subject to the Company’s prevailing administrative rules and the following requirements:

· There is only 1 beneficiary before the death of the existing Insured;

· The new Insured must be alive at the time of the Legacy Planning Option is exercised; and

· The new Insured must be younger than the existing Insured or below age 75.

If the existing Insured and the Policyholder is the same person, upon the death of the existing Insured, the new Insured will become the new Policyholder at the same time.

Please refer to the terms and conditions in the Policy Provisions for details of the Legacy Planning Option.

13. Starting from (i) the 3^rd Policy Anniversary; or (ii) the end of the Premium Payment Term, whichever is the latter, you may exercise the Policy Split Option by applying in writing to the Company in the Company's prescribed form within 30 days after the Policy Anniversary. Upon the split, the Company will transfer the policy values of your Policy, which include Guaranteed Cash Value, Terminal Dividend (if any) and balance of the Benefit Accumulation Account (if any) to the Split Policy according to your specified split percentage. All rounding difference will accrue to the Company. All options elected under the Preceding Policy will not be applicable to the Split Policy. All benefits, terms and conditions of the Split Policy will follow your Policy, unless stated otherwise. The Policy Date of the Split Policy will be the same as this Policy. After policy split, i) the Notional Amount, policy values and Total Premiums Paid for calculating relevant benefits of your Policy will be reduced by the split percentage; and ii) the Notional Amount of the Principal Policy, Preceding Policy and Split Policy must not be less than the respective minimum requirements as determined by the Company from time to time. The Policyholder, Insured and beneficiary of the Split Policy will be same as your Policy, but you can apply for changing the Policyholder, Insured and beneficiary of the Split Policy at the same time of applying for the Policy Split Option. To process the policy split request, your Policy should have no indebtedness and/or no claim in progress and all requests for withdrawal and locking in Terminal Dividend under your policy must be completed. Your application is subject to the Company’s approval and other prevailing administrative rules. After the Company approved your Policy Split request, no change or cancellation of the request will be allowed. Please refer to Policy Provisions for details.

14. Total Premiums Paid refers to all premiums due and paid to the Company before the Expiry Date excluding substandard premiums (if any) and premiums of any supplementary benefits.

15. The default option for the Death Benefit Option is Lump Sum Payment. You can apply to change this option before the death of the Insured, subject to the Company’s prevailing administrative rules. Please refer to Policy Provisions for details.

The Plan is underwritten by Generali Life (Hong Kong) Limited. This Plan may serve as standalone plan(s) without bundling with other type(s) of insurance product. You are required to read the relevant product brochure, the Policy Provisions and the proposals presented by your Insurance Advisers or the Company’s Representatives in order to fully understand the details of the definitions, charges, product features, exclusions, and conditions of payment of claims, etc. plus complete terms and conditions.