OREANDA-NEWS. July 22, 2011. BEA Life Limited (“BEA Life”), the wholly-owned life insurance arm of The Bank of East Asia (“BEA”), announces that it has made further enhancements to the SmartSaver RMB Insurance (2011 – II) plan (the “Plan”). First launched in 2010, the Renminbi (“RMB”) insurance plan now includes enhancements that enable customers to take advantage of potential RMB appreciation, and enjoy a maximum guaranteed annual return of 2.3%, which is one of the most competitive plans of its kind in the market, reported the press-centre of BEA Life.

The Plan is an RMB-denominated endowment plan open to persons aged between 3 months and 65 years. Customers may opt for a short premium payment period of either 2 or 3 years. The Plan offers life protection for 5 or 6 years and guaranteed annual returns of 2.2% or 2.3% upon policy maturity with guaranteed protection of up to 105% of the total premium paid.

Mr. Patrick Wan, Managing Director of BEA Life, says, “The overwhelming customer response to our SmartSaver RMB Insurance plan has shown that there is a growing market demand for RMB products, particularly given the high appreciation potential of the RMB. To cater to this demand, we now offer a shorter premium term, as well as an increased guaranteed return that reaches as high as 2.3% upon maturity. This is one of the most competitive plans of its kind in the market, and we trust it will be well received by our customers who strive to achieve the highest returns within the shortest period of time.”

The Plan allows customers to make premium payments1 and settle the policy2 in either RMB or Hong Kong dollars (“HKD”), with a minimum annual premium of RMB35,000. The application process is simple and easy, and no medical examination is required for plans with an annual premium of RMB4,000,000 or less per insured person.

Applications for the Plan3 will be accepted from now until 13th August, 2011. As a special launch promotion, customers who successfully enrol in the Plan and settle the specified premium amount will receive supermarket cash coupons worth up to HK\\$500. In addition, if the first-year annualised premium amounts to RMB50,000 or above, customers will receive a 24K gold-plated figurine.

For more information on the Plan, please call the BEA Insurance Services Hotline on (852) 3608 2928, or visit any BEA branch.