OREANDA-NEWS. March 27, 2012. BEA Life Limited (“BEA Life”), the wholly-owned life insurance arm of The Bank of East Asia (“BEA”), today announces the launch of the WealthSaver RMB Insurance plan (the “Plan”) in response to the overwhelming demand for Renminbi (“RMB”) insurance products. Customers may apply for the Plan during the application period from now until 31st March, 2012 to take advantage of potential RMB appreciation and enjoy a guaranteed annual return of 2.3%, reported the press-centre of BEA.

The Plan is an RMB-denominated endowment plan open to persons aged between 3 months and 65 years. Customers may enjoy a short premium payment period of two years. The Plan offers life protection for five years and guaranteed annual returns of 2.3% upon policy maturity, with guaranteed protection of up to 110.79% of the total premium paid.

Mr. Patrick Wan, Managing Director of BEA Life, says, “The overwhelming response to our RMB insurance plans since their launch in 2010 proves that there is a strong appetite for RMB insurance products in the market, particularly given the appreciation potential of the RMB. To cater to this demand, we have developed one of the most competitive plans of its kind in the market. We are confident it will be popular with customers who are seeking guaranteed high returns within a short period of time.”

The Plan allows customers to make premium payments1 and settle the policy 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 premiumof RMB4,000,000 or less per insured person.

Applications for the Plan3 will be accepted from now until 31st March, 2012. For more information on the Plan, please call the BEA Insurance Services Hotline on (852) 3608 2928, or visit any BEA branch.