LionHarvest Prime Deferred Annuity

Successfully apply for LionHarvest Prime Deferred Annuity, a Qualifying Deferred Annuity Policy certified by the Insurance Authority, from 1 April to 30 June 2025, you can enjoy a up to Total Premium Discount of 20%. For details, please visit here.

Remarks:

1. Monthly Annuity Income comprises of Guaranteed Monthly Annuity Income and Non-guaranteed Monthly Annuity Income (if any) which will be paid on monthly basis during the Annuity Income Period. The Non-guaranteed Monthly Annuity Income can be adjusted on each Policy Monthiversary and the actual amount during the Annuity Income Period may vary. The amount of Nonguaranteed Monthly Annuity Income will be determined based on Generali’s dividend philosophy. You may choose to cash out (default option) the Monthly Annuity Income and/or keep the Monthly Annuity Income in the Policy for interest accumulation at an interest rate which is not guaranteed and shall be determined by Generali from time to time at its absolute discretion. If no option is elected, cash out option will be applied to the payment of Monthly Annuity Income.

2. During the lifetime of the Insured, provided that all the premiums due have been fully paid and while the Policy is in force upon the Expiry Date, Generali shall pay the Maturity Bonus. The amount of Guaranteed Maturity Bonus and Non-Guaranteed Maturity Bonus may be adjusted if there is any change of the Annuity Income period Start Age.

3. The Policyholder may change the Annuity Income Period Start Age with a written request at least 1 month before the original Annuity Income Period Start Date or the new Annuity Income Period Start Date (whichever is earlier). Once the request is approved, the Guaranteed Cash Value, Terminal Dividend (if any), Annuity Income Period Start Date, Annuity Income Period End Date, Monthly Annuity Income, Expiry Date of the Basic Plan and Maturity Bonus shall be adjusted in accordance with the new Annuity Income Period Start Age.

4. The start date of the Premium Holiday must be on the Policy Anniversary. To apply for the Premium Holiday Option, Policyholder is required to submit a written request to Generali on Generali’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. No policy change or policy loan is allowed during the premium holiday. Generali will postpone the schedule of the policy values and premium. Annuity Income Period Start Date and Expiry Date will also be deferred. The policy values may be adjusted. The Terminal Dividend is not guaranteed and is subject to change during the premium holiday. Generali will issue an endorsement to update the relevant information upon approval.

Taking a premium holiday may affect your eligibility for tax deduction, please consult with the Inland Revenue Department of HKSAR or a professional tax advisor if you have any doubts.

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.

5. The Guaranteed Cash Value is guaranteed and is payable upon policy surrender or death of the Insured.

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

7. Terminal Dividend (if any) is a not guaranteed and may be altered by Generali at any time. It may be payable upon surrender (whether in full or part), death of the Insured, or lapse of the Policy. Generali will update you the amount of Terminal Dividend (if any) on the respective anniversary statement every year. The actual amount of Terminal Dividend (if any) will only be determined at Generali’s absolute discretion when it is payable.

8. Before the Policy Anniversary on which the Insured attains age 80, if the Insured dies due to an Accident within 180 days, Accidental Death Benefit will be payable instead of Death Benefit. The Policy shall automatically terminate once the claim is approved.

9. HKD60,000 is the maximum tax deductions per taxpayer per year for qualifying annuity premiums and MPF tax deductible voluntary contributions. For details on tax deductions, please visit Inland Revenue Department (IRD) of HKSAR website and consult professional tax advisors for tax advice.

10. Prepayment is allowed upon application only. If prepayment is selected, premiums and levy payable for the whole premium payment term must be fully paid upon application. If the balance of the Premium Deposit Fund (“PDF”) after prepayment of premium and levy exceeds the total required premium and levy for the remaining Premium Payment Term, the prepayment will not be accepted.

Simple daily interest applies to the balance of prepayment amount from the Interest Effective Date and compounds on each Policy Anniversary. The interest

rate is subject to change at Generali’s absolute discretion. Levy is subject to the prescribed rate as published by Insurance Authority from time to time and may

be changed in the future.

Generali will debit the amount of annual premium and levy from PDF on a premium due date until the balance of PDF is insufficient to settle the same. Remaining balance in PDF will be used to settle part of the premium due. Premium notice will be sent to the Policyholder and the remaining premium and levy shall be paid under the then current payment methods determined by the Generali.

Not all prepaid premiums are eligible for tax deduction. Only the prepaid premium used for the subsequent settlement of premium due would be allowed for tax deduction in the corresponding year of assessment. Please consult with the Inland Revenue Department of HKSAR or a professional tax advisor if you

have any doubts.

Policyholder may apply for withdrawal from the PDF without charges. Any balance of PDF will be refunded when the Policy is paid up or terminated.

If the Insured passes away, the balance of PDF (if any) together with the Death Benefit will be payable to the policy beneficiary.

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.