Genesis Centurion Insurance Plan

Important Note:

Genesis Centurion Insurance Plan is a long-term participating life insurance policy underwritten by Manulife (International) Limited (“Manulife”). The content of this website does not contain the full terms of the policy, and the full terms can be found in the corresponding policy document(s). DBS Bank (Hong Kong) Limited (the “Bank”) is acting as a licensed insurance agency of Manulife.

The insurance plan is neither a bank deposit nor a bank saving plan.

At a Glance

Potentially accelerate your savings to achieve your long-term life goals

Whether you are a rising talent with dreams of a golden future or a seasoned professional seeking a carefully structured legacy plan, Genesis Centurion Insurance Plan is designed to deliver potential returns over the decades to come, to complement your long-term life goals. You can choose from various premium payment periods to suit your needs – with a single payment or over a period of 3 or 5 years . Manulife will help you accumulate your wealth with the guaranteed cash value and boost your potential return through a non-guaranteed terminal bonus¹.

Access liquidity when it matters most without cashing in your policy

You can make withdrawals² through one of two payment options: receive regular non-guaranteed income with Easy Choice³, or tailor withdrawals to your needs with the realization option⁴. These options give you the ability to unlock capital at important milestones without having to cash in your policy.

Access standby funds through the Body and Mind Advance Benefit

Receive financial support without impacting your notional amount by realizing up to 100% of the terminal bonus in the event that the life insured is diagnosed with any of the designated illnesses.

Seize global opportunities with 7 policy currency options

Remain globally mobile with 7 policy currencies to choose from at the time of policy application, and accommodate evolving needs or capture new market opportunities with the currency switch option⁵.

Features and Benefits

Prepare for the unexpected with Incapacity Care Service⁶

Flexible mix-and-match withdrawal methods for life’s milestones⁶

Pass on your wealth with flexibility⁶

Please see the product guide for details Click here to download

How to Apply

Call our customer service hotline 2290 8888 for enquiry or visit any of our branches

Call to enquire the Manulife Customer Service Hotline at 2510 3383

Remarks:

The terminal bonus is not guaranteed. Manulife will review and adjust the terminal bonus at least once a month, but Manulife may do so more often. Please see the section titled ‘The main risks affecting the non-guaranteed terminal bonus, non-guaranteed income and the accumulation interest rate of non-guaranteed income / realized terminal bonus’ under ‘Other product disclosures’ in the product brochure.

There may be a delay in making payment when you cash in your policy or exercise the realization option or Body and Mind Advance Benefit, especially during periods when the market is experiencing significant rises and falls in value. The actual amount of the terminal bonus that you can get will only be determined after your request has been processed. Under certain circumstances, for example, if the request is not received by us before Manulife’s prevailing cut-off time or is not in Manulife’s prescribed format, such amount can be lower or higher than the amount of the terminal bonus tentatively indicated to you at the time you submit the request. Please check with Manulife for the prevailing operational rules and the latest amount of the terminal bonus under your policy before exercising the realization option or Body and Mind Advance Benefit. The accumulation interest rate for building up the realized terminal bonus left with us is not guaranteed and Manulife may change it from time to time. Please see the section titled ‘The main risks affecting the non-guaranteed terminal bonus, non-guaranteed income and the accumulation interest rate of non-guaranteed income / realized terminal bonus’ under ‘Other product disclosures’ in the product brochure.

To set up Easy Choice, you must submit a written application in a prescribed format required by Manulife to select an Income Start Anniversary, income payment option and income payment mode upon policy application or after the 1st policy anniversary. The non-guaranteed income is determined from time to time by us at Manulife’s sole discretion. Exercising this payment option will reduce any future terminal bonus. The Income Start Anniversary, income payment option or income payment mode is allowed to be changed after the 1st policy anniversary. The change will be made effective at the subsequent policy anniversary upon the Manulife’s approval.For single premium policy with the Income Start Anniversary set as the 1st policy anniversary, change of Income Start Anniversary and change from Easy Choice to realization option are not allowed. You may only apply for suspension and restart of income payments and change of income payment option and income payment mode after the 1st policy anniversary. Once submitted, the application for the setup or change cannot be withdrawn or reversed. The non-guaranteed income will be adjusted based on the new selection. Please see the policy provisions for more details and rules on the setup and change of Easy Choice.

You can exercise the realization option within 31 days from the Realization Anniversary (that is, the 10th policy anniversary or every anniversary thereafter) as long as the aggregate realization percentage under the policy over any 25 consecutive policy years does not exceed 50%. To exercise the realization option, you must submit a written application in a prescribed format required by Manulife. Once submitted, the application for exercising such option cannot be withdrawn and no realized terminal bonus will be allowed to be reversed. Exercising the realization option will reduce any future terminal bonus.

Starting from the 3rd policy anniversary, you can change the policy currency once per policy year by converting your plan to a designated Manulife’s plan (may or may not be the same as Genesis Centurion Insurance Plan) that is available in your chosen currency. The application for currency switch must be made with 31 days from a Currency Switch Anniversary and meet the required conditions and is subject to Manulife’s prevailing rules and approval of the application at Manulife’s sole and absolute discretion. Please refer to the product brochure for the conditions and impact of exercising currency switch option and the section titled ‘Risk from exercising the currency switch option’ under ‘Other product disclosures’ in the product brochure.

This is an administrative arrangement and is not part of the product features. Such application is subject to Manulife’s prevailing administrative and conditions which shall be determined and modified by Manulife from time to time without prior notice. The acceptance of the application is at Manulife’s sole and absolute discretion.

Important Notes:

The below is provided to you in the Bank’s capacity as an authorized institution regulated by the Hong Kong Monetary Authority.

‘Genesis Centurion Insurance Plan’ is a long-term participating life insurance plan with a savings element. Part of the premium pays for the insurance and related costs. The savings element is reflected in the surrender value which includes the guaranteed cash value, non-guaranteed terminal bonus and any accumulated non-guaranteed income / accumulated realized terminal bonus. The product is aimed at customers who can pay the premiums for the whole of the premium payment period. As a result, you are advised to save enough money to cover the premiums in the future. You should be prepared to hold this product for the long term to achieve the savings target.
Credit Risk - Any premiums you paid would become part of Manulife’s assets and so you will be exposed to Manulife’s credit risk. Manulife’s financial strength may affect Manulife’s ability to meet the ongoing obligations under the insurance policy.
Risk from cashing in (surrender) early - If you cash in the policy, the amount Manulife will pay is the surrender value worked out at the time you cash in the policy, less any amount you owe Manulife. Depending on when you cash in your policy (whether in full or part), this may be considerably less than the total premiums you have paid. You should refer to the proposal for the illustrations of the surrender value Manulife projects.
Please refer to the product brochurefor details of product risks.

The Bank, being registered with the Insurance Authority as a licensed insurance agency, is appointed as an insurance agency of Manulife for the distribution of life insurance products in the Hong Kong Special Administrative Region.

The Bank distributes the product for Manulife and the product is a product of Manulife but not the Bank.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank will enter into a Financial Dispute Resolution Scheme process with the customer.

This webpage is only a reference. You should not based solely on this website to make any decision on applying for the product. The risks disclosed above are not exhaustive and you should refer to the product brochure, proposal and policy provision for the risk disclosures and exact terms and conditions of this product, and if in doubt, seek independent professional advice.

This webpage is only for use in Hong Kong Special Administrative Region.

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