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AXA launches “5-Year GoalSaver”

Market-leading1 guaranteed maturity returns of up to 4.5% p.a.2
Short premium payment term to achieve financial goals with ease

AXA Hong Kong and Macau (AXA) today announced the launch of 5-Year GoalSaver, a non-participating savings plan that helps customers to achieve fast-track short-term financial goals with life protection for a peace of mind.

With market-leading1 guaranteed returns of up to 4.5% p.a.2 upon a short maturity period of 5 years, the new 5-Year GoalSaver offers an extra short premium payment term of just 2 years with an annual premium as low as USD 625. This allows customers to fuel their wealth without the burden of a long-term payment commitment. If customers choose to pay the plan’s total annual premium in one go3 at the time of application, they can even enjoy a premium discount of 20.6% on the annual premium of the second policy year, enabling greater flexibility in extra savings.

Janet Lee

Chief Life and Health Insurance Officer, AXA Hong Kong and Macau

‘Amid the current market uncertainty, we understand that it is our customers’ desire to balance their portfolios and lock in stable returns to fulfil different savings targets. The new “5-Year GoalSaver” provides competitive guaranteed returns with extra flexibility, enabling customers to cope with an ever-changing market and build their wealth with ease. It is a testament to AXA’s commitment to putting customers first and matching their needs with our innovative products and services.’

Customers can apply for the 5-Year GoalSaver by completing simple and easy procedures with no medical declarations required. In the unfortunate event of the death of the insured, a death benefit will be payable to the benefi­ciary.

The 5-Year GoalSaver is offered with a limited quota. For more information about the product, please visit: https://www.axa.com.hk/en/5-year-goal-saver-savings-plan

The above information is for reference only. For details on product features, content, terms and exclusions, please refer to the product brochure and policy provision.

Remarks:

1 This is based on a comparison among non-participating savings plans, which benefit term of 5 years or below and the maximum annual premium of USD31,250 or below, available for new business as of 14 March 2023 provided by insurers which are covered in the Provisional Statistics on Hong Kong Long Term Insurance Business for January to December 2022 (in respect of life & annuity (non-linked (Class A)) individual business (direct new business)) published by the Insurance Authority. The comparison was made with reference to the information on the company website of the relevant insurers and other information available to AXA as of March 2023.

2 It is projected based on the following assumptions (i) lump sum payment with levies (if applicable) is paid in full as planned; (ii) neither death benefit nor surrender value has been or will become payable at policy maturity; (iii) levy (if applicable) is not included in the calculation; and ( iv) throughout the policy term, the notional amount of 5-Year GoalSaver remains unchanged.

3 Lump sum payment is the sum of (i) annual premium of the 1st year policy year and (ii) the annual premium of the 2nd policy year after premium discount. Total amount payable at policy inception shall be equal to the sum of lump sum payment and the levies on the annual premium of the 1st and 2nd policy year (if applicable). It must be paid in full to the Company prior to policy inception.  Otherwise, the policy will not be issued.