Insurance Fwd How I Successfuly Organized My Very Own Insurance Fwd
HONG KONG, CHINA – Media OutReach – 28 July 2020 – FWD Hong Kong (“FWD”) has alien its Cash-up Allowance Plan (“Cash-up”), a fintech action that makes it accessible for Hong Kong’s adaptable wallet users to authorize a accumulation addiction while accepting activity allowance aegis at the aforementioned time. FWD’s Cash-up is a accord with Octopus O! ePay, Hong Kong’s iconic arrangement based stored bulk ability operated by Octopus Cards Limited, and is accessible via a absolutely digital, automatic interface area barter can calmly administer for allowance plans, pay premiums, administer savings, accretion allotment and accomplish withdrawals.
“Cash-up is an easy-to-use allowance product, developed to accommodated the alteration needs of today’s agenda affairs and brings our eyes to activity as we strive to change the way bodies feel about allowance every distinct day,” said Ken Lau, FWD Managing Director of Greater China and Hong Kong Chief Executive Officer. “In accession to added convenience, we additionally appetite to animate people, abnormally the adolescent generation, to anatomy able extenuative habits. This affiliation with O! ePay allows us to accompany this bulletin and our arch chump acquaintance to alike added bodies in Hong Kong.”
“We are captivated to acceptable FWD as one of our O! ePay online acquittal annual merchants. The annual bulk of Cash-up by FWD can additionally be acclimated to top up O! ePay, about abandoning the money aback into O! ePay for accustomed use. We accept this avant-garde cooperation will advice accomplish circadian bulk administration alike easier for our customers.” said Mr. Sunny Cheung, Chief Executive Officer of OCL.
Cash-up appliance is a bang abroad for adaptable wallet users
FWD keeps aggregate simple for Cash-up from the actual aboriginal footfall with Octopus’ O! ePay. O! ePay Additional and O! ePay Pro annual holders age-old 19 to 70 years (age abutting birthday) who are Hong Kong abiding character agenda holders and with the abutment of a additional character certificate (Home Return Permit or passport) are acceptable to administer for Cash-up.
Guaranteed allotment for the aboriginal three years
Forming able accumulation habits is important for adolescent adults demography on banking responsibilities for the aboriginal time, and FWD’s Cash-up offers policyholders a fast alpha with affirmed crediting absorption ante of “4-2-2” over the aboriginal three action years, i.e. 4% crediting absorption bulk for contributions in the aboriginal year of the policy, followed by a affirmed crediting absorption bulk of 2% for the additional and third action year. The crediting absorption of Cash-up will be affected daily, accustomed to the policyholder’s annual and can be aloof at ceremony action anniversary.
Easy to alpha with no fee for withdrawals additional afterlife benefits
Cash-up can be activated artlessly with an antecedent exceptional acquittal of as little as HK$300 through a acclaim card. There is no absolute on the cardinal of contributions and annual bulk withdrawals through O! ePay, as continued as the addition bulk is aural HK$300 to HK$5,000 ceremony time and the abandonment does not beat HK$5,000 a day. Total contributions can be up to HK$20,000 per action year and are capped at HK$100,000 per action appellation (see additionally table 1). Unlike acceptable allowance plans, Cash-up does not allegation any fees for annual bulk withdrawal, acceptance for added adaptability to administer accumulation and wealth.
Cash-up is a agenda allowance advantage that combines extenuative and aegis by additionally accouterment activity protection. On death, Cash up will pay a annual of 105% of the annual bulk and if the afterlife is accidental, Cash up will pay a added 100% or HK$20,000, whichever is lower.
Note: Cash-up Allowance Plan is underwritten by FWD Activity Allowance Company (Bermuda) Bound (incorporated in Bermuda with bound liability). The aloft advice does not accommodate the abounding agreement and allowances of the policy, key artefact risks, and aloft exclusions. For details, amuse accredit to its artefact advertisement and action accoutrement downloadable at https://www.fwd.com.hk/en/save/cash-up/. This advance actual is advised to be broadcast in Hong Kong alone and shall not be construed as an action to sell, a address to buy or the accouterment of any allowance articles of FWD alfresco Hong Kong. All affairs and appliance procedures of the advance charge be conducted and completed in Hong Kong.
Table 1: Exceptional addition absolute and abandonment limit
Number of contributions
Per ceremony contribution
at atomic HK$300 but not added than HK$5,000
Within a action year
Total addition of not added than HK$20,000
Within the action term
Total addition of not added than HK$100,000
Number of withdrawals
Per ceremony withdrawal
Not beneath than HK$300
Within a day
Not added than HK$5,000
Account bulk anon afterwards ceremony withdrawal
Not beneath than HK$300
FWD Hong Kong offers activity and medical insurance, accepted insurance, agent benefits, and banking planning. Its activity allowance and accepted allowance operating entities accept been assigned able banking backbone ratings by all-embracing appraisement agencies — FWD Activity Allowance Company (Bermuda) Bound (incorporated in Bermuda with bound liability) is rated “A3” by Moody’s and “A” by Fitch; and FWD Accepted Allowance Company Bound is rated “A” by Fitch. FWD Macau provides a apartment of activity and medical insurance.
FWD Hong Kong & Macau is a allotment of the FWD Group, the allowance business of advance group, Pacific Century Group. FWD Accumulation spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia.
By creating beginning chump adventures with easy-to-understand articles accurate by agenda technology, FWD aims to become a arch pan-Asian insurer that changes the way bodies feel about insurance.
For added advice about FWD Hong Kong & Macau amuse appointment WWW.FWD.COM.HK and WWW.FWD.COM.MO.
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