宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七

Transcription

1 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日 二零一七年六月一日 二零一七年七月三日 二零一七年八月九日 二零一七年八月二十八日 二零一七年九月二十九日 二零一七年十二月十五日及二零一八年四月十六日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富霸菱大東協基金之變更 由本附錄日期起, 一切提及到 霸菱國際傘子基金 - 霸菱大東協基金 的英文名稱 Baring International Umbrella Fund Baring ASEAN Frontiers Fund 均將更改為 Barings International Umbrella Fund Barings ASEAN Frontiers Fund 由二零一八年五月七日起, 一切提及到 宏利智富霸菱大東協基金 的英文名稱 Manulife Inv Baring ASEAN Frontiers Fund 均將更改為 Manulife Inv Barings ASEAN Frontiers Fund 1.2 有關宏利智富霸菱歐洲精選基金之變更 由本附錄日期起, 一切提及到 霸菱歐洲精選基金 的英文名稱 Baring Europe Select Trust 均將更改為 Barings Europe Select Trust 由二零一八年五月七日起, 一切提及到 宏利智富霸菱歐洲精選基金 的英文名稱 Manulife Inv Baring Europe Select Fund 均將更改為 Manulife Inv Barings Europe Select Fund 1.3 有關宏利智富霸菱成熟及新興市場高收益債券基金 ( 支付派發 ) 之變更 由本附錄日期起, 一切提及到 霸菱環球傘子基金 霸菱成熟及新興市場高收益債券基金 的英文名稱 Baring Global Umbrella Fund - Barings Developed and Emerging Markets High Yield Bond Fund 均將更改為 Barings Global Umbrella Fund - Barings Developed and Emerging Markets High Yield Bond Fund 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一八年四月三十日刊印 1

2 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日 二零一七年六月一日 二零一七年七月三日 二零一七年八月九日 二零一七年八月二十八日 二零一七年九月二十九日及二零一七年十二月十五日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 由本附錄日期起, 以下投資選項將加入至投資選項手冊第三頁的投資選項一覽的 股票類別 部分 : 投資選項名稱 ( 投資選項代號 ) 股票類別 相應的相關基金 資產名稱 相關基金的股份類別 ^ 相關基金管理公司或管理人 投資選項投資管理人名稱 投資選項貨幣 相關基金的股份類別貨幣 每年管理費佔該投資選項資產淨值之百分比 * 附加資料 宏利智富貝萊德環球股票收益進昇基金 ( 支付派發 ) (GBB01) + 貝萊德全球基金 - 環球股票收益進昇基金 A6 類股份 ( 美元 ) BlackRock (Luxembourg) S.A. 美元 美元 2.00% 請參考 ** 宏利智富美國銀行業股票基金 (IBU01) 宏利盈進基金 SPC- 美國銀行業股票獨立資產組合 AA 類 ( 美元 ) Inc 股份 宏利資產管理 ( 香港 ) 有限公司 美元 美元 2.00% 請參考 ** 1

3 1.2 由本附錄日期起, 以下投資選項將加入至投資選項手冊第五頁的投資選項一覽的 債券類別 部分 : 投資選項名稱 ( 投資選項代號 ) 債券類別 相應的相關基金 資產名稱 相關基金的股份類別 ^ 相關基金管理公司或管理人 投資選項投資管理人名稱 投資選項貨幣 相關基金的股份類別貨幣 每年管理費佔該投資選項資產淨值之百分比 * 附加資料 宏利智富安聯動力亞洲高收益債券基金 ( 支付派發 ) (GAD01) + 安聯環球投資基金 - 安聯動力亞洲高收益債券基金 AMg 類 ( 美元 ) 股份 Allianz Global Investors GmbH 美元 美元 1.75% 請參考 ** 宏利智富法巴全球新興市場優選債券基金 ( 支付派發 ) (GPA01) + 法巴全球新興市場優選債券基金 經典 - 每月派息類別 BNP PARIBAS ASSET MANAGEMENT Luxembourg 美元 美元 2.00% 請參考 ** ^ : 除支付派發投資選項 ( 以符號 + 顯示 ) 外, 以上任何相關基金所派發之股息 如有, 宏利會安排再投資於同一相關基金 再投資之股息會在有關投資選項的單位價格反映 * : 本投資選項手冊內所列出之管理費 ( 等同宏利智富錦囊所用之詞語 投資管理費 ) 包括相關基金 / 資產的管理公司所收取的任何管理費以及宏利所收取的任何管理費 請相關基金或會徵收其他費用, 例如業績表現費 有關任何相關基金的收費詳情, 請參閱相關基金的最新版本之銷售文件 + : 有關支付派發投資選項具體運作詳情, 請參閱附錄 5 ** : 1. 每項投資選項的認購之最低金額及轉換之最低金額為宏利所訂, 並沒有跟隨相應的相關基金之最低投資金額及最低轉換金額 2. 每項投資選項在緊接每次贖回及轉換後的最低帳戶價值為宏利所訂, 並沒有跟隨相應的相關基金之最低持有價值 3. 每項單位化投資選項的交易日定義, 交易安排及暫停交易條件等為宏利所訂, 並非遵從相應的相關基金 4. 每項投資選項的資產淨值 發行價及贖回價為宏利所訂, 並非遵從相應的相關基金 5. 相關基金的初次收費 轉換費及贖回費等不適用於計劃 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一八年四月十六日刊印 2

4 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日 二零一七年六月一日 二零一七年七月三日 二零一七年八月九日 二零一七年八月二十八日及二零一七年九月二十九日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富亨德森環球科技基金之變更 由本附錄日期起, 一切提及到 亨德森遠見基金 - 環球科技基金 的名稱均將更改為 駿利亨德森遠見基金 - 環球科技基金 由本附錄日期起, 一切提及到 宏利智富亨德森環球科技基金 的名稱均將更改為 宏利智富駿利亨德森環球科技基金 1.2 有關宏利智富亨德森日本小型公司基金之變更 由本附錄日期起, 一切提及到 亨德森遠見基金 - 日本小型公司基金 的名稱均將更改為 駿利亨德森遠見基金 - 日本小型公司基金 由本附錄日期起, 一切提及到 宏利智富亨德森日本小型公司基金 的名稱均將更改為 宏利智富駿利亨德森日本小型公司基金 1.3 有關宏利智富澳洲股票基金之變更 由二零一七年十二月十八日起, 於投資選項手冊第三頁投資選項一覽的 股票類別 下, 宏利智富澳洲股票基金的 相關基金的股份類別 ^ 將由 A2 類股份 更改為 A 類累積 ( 澳元 ) 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年十二月十五日刊印 1

5 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日 二零一七年六月一日 二零一七年七月三日 二零一七年八月九日及二零一七年八月二十八日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1. 投資選項一覽 1.1 有關宏利智富霸菱成熟及新興市場高收益債券基金 ( 支付派發 ) 之變更 載於二零一七年八月二十八日刊發之投資選項手冊附錄第一頁, 第 1 節投資選項一覽的 債券類別 下, 宏利智富霸菱成熟及新興市場高收益債券基金 ( 支付派發 ) 的 相關基金的股份類別 ^ 於二零一七年九月六日起由 A 類別美元收益 ( 每月派息 ) 更改為 A 類別美元收益 ( 每月 ) 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年九月二十九日刊印 1

6 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日 二零一七年六月一日 二零一七年七月三日及二零一七年八月九日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1. 投資選項一覽 1.1 由本附錄日期起, 以下投資選項將加入至投資選項手冊第五頁的投資選項一覽的 債券類別 部分 : 投資選項名稱 ( 投資選項代號 ) 債券類別 相應的相關基金 資產名稱 相關基金的股份類別 ^ 相關基金管理公司或管理人 投資選項投資管理人名稱 投資選項貨幣 相關基金的股份類別貨幣 每年管理費佔該投資選項資產淨值之百分比 * 附加資料 宏利智富霸菱成熟及新興市場高收益債券基金 ( 支付派發 ) (GBD01) + 霸菱環球傘子基金 - 霸菱成熟及新興市場高收益債券基金 A 類別美元收益 ( 每月派息 ) Baring International Fund Managers (Ireland) Limited 美元 美元 1.50% 請參考 ** 宏利智富富達中國高收益基金 ( 支付派發 ) (GFH01) + 富達基金 - 中國高收益基金 A 類別股份 - 每月特色派息 (G)- 美元 ( 對沖 ) FIL Investment (Luxembourg) S.A. 美元 美元 1.70% 請參考 ** 宏利智富 PIMCO GIS 環球高孳息債券基金 ( 支付派發 ) (GPY01) + PIMCO 基金 : 環球投資者系列 - 環球高孳息債券基金 M 類零售收息 II PIMCO Global Advisors (Ireland) Limited 美元 美元 1.95% 請參考 ** 宏利智富 PIMCO GIS 收益基金 ( 支付派發 ) (GPI01) + PIMCO 基金 : 環球投資者系列 - 收益基金 E 類別收息 PIMCO Global Advisors (Ireland) Limited 美元 美元 1.95% 請參考 ** 宏利智富惠理大中華高收益債券基金 ( 支付派發 ) (GVP01) + 惠理大中華高收益債券基金 P 類別美元每月分派股份 惠理基金管理香港有限公司 美元 美元 2.00% 請參考 ** ^ : 除支付派發投資選項 ( 以符號 + 顯示) 外, 以上任何相關基金所派發之股息 如有, 宏利會安排再投資於同一相關基金 再投資之股息會在有關投資選項的單位價格反映 1

7 * : 本投資選項手冊內所列出之管理費 ( 等同宏利智富錦囊所用之詞語 投資管理費 ) 包括相關基金 / 資產的管理公司所收取的任何管理費以及宏利所收取的任何管理費 請相關基金或會徵收其他費用, 例如業績表現費 有關任何相關基金的收費詳情, 請參閱相關基金的最新版本之銷售文件 + : 有關支付派發投資選項具體運作詳情, 請參閱附錄 5 ** : 1. 每項投資選項的認購之最低金額及轉換之最低金額為宏利所訂, 並沒有跟隨相應的相關基金之最低投資金額及最低轉換金額 2. 每項投資選項在緊接每次贖回及轉換後的最低帳戶價值為宏利所訂, 並沒有跟隨相應的相關基金之最低持有價值 3. 每項單位化投資選項的交易日定義, 交易安排及暫停交易條件等為宏利所訂, 並非遵從相應的相關基金 4. 每項投資選項的資產淨值 發行價及贖回價為宏利所訂, 並非遵從相應的相關基金 5. 相關基金的初次收費 轉換費及贖回費等不適用於計劃 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年八月二十八日刊印 2

8 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日 二零一七年六月一日及二零一七年七月三日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富花旗中國精選基金之變更 由二零一七年七月二十八日起, 一切提及到 花旗投資信託基金 開曼群島 II - 中國精選基金 的名稱均將更改為 華夏投資信託 - 華夏中國聚焦基金 由二零一七年八月十八日起, 一切提及到 宏利智富花旗中國精選基金 的名稱均將更改為 宏利智富華夏中國聚焦基金 由二零一七年七月二十八日起, 於投資選項手冊第三頁投資選項一覽的 股票類別 下, 宏利智富花旗中國精選基金的 相關基金管理公司或管理人 / 投資選項投資管理人名稱 將由 花旗集團基金管理有限公司 更改為 華夏基金 ( 香港 ) 有限公司 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年八月九日刊印 1

9 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日 二零一七年四月二十四日及二零一七年六月一日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富東方匯理優越生活基金之變更 由本附錄日期起, 一切提及到 東方匯理系列基金 - 優越生活基金 的名稱均將更改為 東方匯理系列基金 - CPR 優越生活基金 由二零一七年七月十日起, 一切提及到 宏利智富東方匯理優越生活基金 的名稱均將更改為 宏利智富東方匯理 CPR 優越生活基金 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年七月三日刊印 1

10 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日 二零一七年四月三日及二零一七年四月二十四日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富法巴亞洲 ( 日本除外 ) 債券基金之變更 由本附錄日期起, 於投資選項手冊第六頁投資選項一覽的 債券類別 下, 宏利智富法巴亞洲 ( 日本除外 ) 債券基金的 相關基金管理公司或管理人 / 投資選項投資管理人名稱 將由 BNP Paribas Investment Partners Luxembourg 更改為 BNP Paribas Asset Luxembourg 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年六月一日刊印 1

11 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日 二零一六年十二月三十日及二零一七年四月三日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 由二零一七年六月三十日起, 關於投資選項 宏利智富亞太股票收益基金 的所有資料將由投資選項手冊第三頁的投資選項一覽的 股票類別 部分中被移除 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年四月二十四日刊印 1

12 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之宏利投資計劃及宏利智富錦囊之 產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日 二零一六年十二月一日及二零一六年十二月三十日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 由本附錄日期起, 以下投資選項將加入至投資選項手冊第五頁的投資選項一覽的 債券類別 部分 : 投資選項名稱 ( 投資選項代號 ) 相應的相關基金 資產名稱 相關基金的股份類別 ^ 相關基金管理公司或投資選項管理人 投資選項投貨幣資管理人名稱 相關基金的股份類別貨幣 每年管理費佔該投資選項資產淨值之百分比 * 附加資料 債券類別宏利智富亞洲總回報基金 ( 支付派發 ) (GAR01) + 宏利智富鄧普頓環球總收益基金 ( 支付派發 ) (GTG01) + 宏利環球基金 - 亞洲總回報基金 富蘭克林鄧普頓投資基金 - 鄧普頓環球總收益基金 AA 收益類股份 A 類股份 ( 每月派息 ) 美元 Franklin Templeton International Services S.à r.l. 美元 美元 1.70% 請參考 ** 美元 美元 1.25% 請參考 ** 1.2 由本附錄日期起, 以下投資選項將加入至投資選項手冊第六頁的投資選項一覽的 其他類別 部分 : 投資選項名稱 ( 投資選項代號 ) 相應的相關基金 資產名稱 相關基金的股份類別 ^ 相關基金管理公司或投資選項管理人 投資選項投貨幣資管理人名稱 相關基金的股份類別貨幣 每年管理費佔該投資選項資產淨值之百分比 * 附加資料 其他類別宏利智富摩根亞太入息基金 ( 支付派發 ) (GJX01) + 宏利智富摩根中國入息基金 ( 支付派發 ) (GJP01) + 宏利智富施羅德新興市場股債收息基金 ( 支付派發 ) (GSA01) + 摩根基金 - 亞太入息基金 摩根中國入息基金 施羅德環球基金系列 - 新興市場股債收息 A 類股份 ( 每月派息 ) ( 美元 ) 美元 ( 每月派息 ) 股份 A1 類股份 ( 美元收息 ) JPMorgan Asset (Europe) S.á r.l. 摩根基金 ( 亞洲 ) 有限公司 Schroder Investment (Luxembourg) S.A. 美元 美元 1.90% 請參考 ** 美元 美元 2.00% 請參考 ** 美元 美元 1.75% 請參考 ^ : 宏利環球基金是由其董事會所管理, 而其執行投資管理職能已授權予相關委任的投資經理 : 除支付派發投資選項 ( 以符號 + 顯示) 外, 以上任何相關基金所派發之股息 如有, 宏利會安排再投資於 1

13 同一相關基金 再投資之股息會在有關投資選項的單位價格反映 * : 本投資選項手冊內所列出之管理費 ( 等同宏利智富錦囊所用之詞語 投資管理費 ) 包括相關基金 / 資產的管理公司所收取的任何管理費以及宏利所收取的任何管理費 請相關基金或會徵收其他費用, 例如業績表現費 有關任何相關基金的收費詳情, 請參閱相關基金的最新版本之銷售文件 + : 有關支付派發投資選項具體運作詳情, 請參閱附錄 5 ** : 1. 每項投資選項的認購之最低金額及轉換之最低金額為宏利所訂, 並沒有跟隨相應的相關基金之最低投資金額及最低轉換金額 2. 每項投資選項在緊接每次贖回及轉換後的最低帳戶價值為宏利所訂, 並沒有跟隨相應的相關基金之最低持有價值 3. 每項單位化投資選項的交易日定義, 交易安排及暫停交易條件等為宏利所訂, 並非遵從相應的相關基金 4. 每項投資選項的資產淨值 發行價及贖回價為宏利所訂, 並非遵從相應的相關基金 5. 相關基金的初次收費 轉換費及贖回費等不適用於計劃 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年四月三日刊印 2

14 宏利投資計劃產品銷售說明書 產品說明書附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃產品銷售說明書 產品說明書 ( 產品說明書 ) 及於二零一六年十月一日及二零一六年十一月七日刊發之產品說明書附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與產品說明書內所使用者同義 由本附錄日期起, 以下 自動交換財務帳戶資料 一節將加入至第 22 頁內第 8 章節 一般資料 中作為第 8.8 分節, 而原來第 及 8.10 分節將分別重新編號為第 及 8.11 分節 8.8 自動交換財務帳戶資料 (AEOI) AEOI 是指以自動形式交換財務帳戶資料以提升稅務透明度及打擊跨境逃稅的一套國際標準 經濟合作與發展組織 (OECD) 於 2014 年 7 月頒佈了一套標準, 要求全球各地政府向包括保險公司在內的財務機構 ( 下稱 財務機構 ) 索取特定財務帳戶的資料, 並與其他海外稅務管轄區自動交換該等資料 通用報告準則 (CRS) 規定參與管轄區的財務機構必須 : i) 透過新帳戶的盡職審查程序及現有帳戶的盡職審查程序, 識辨新客戶和現有客戶的稅務居民所在國家 / 司法管轄區 ii) 向當地政府匯報客戶 ( 包括個人 實體及個別實體帳戶的控權人 ) 的特定財務資料, 方便政府與有關客戶作為稅務居民的所屬海外國家 / 司法管轄區的政府交換該等財務資料 香港特別行政區政府已承諾實施 AEOI 在 2016 年 6 月 30 日正式生效的 2016 年稅務 ( 修訂 )( 第 3 號 ) 條例 ( 下稱 稅務條例 ) 為香港於 2017 年 1 月 1 日實施 AEOI/CRS 訂下立法框架 香港將於 2018 年年底前與已與香港簽署 AEOI 協定的海外稅務管轄區 ( 下稱 AEOI 夥伴 ) 進行首次資料交換 宏利作為稅務條例下的申報財務機構, 必須遵守以下規定, 以便稅務局與其他 AEOI 夥伴自動交換特定財務帳戶資料 : i) 將特定帳戶識辨為 不獲豁除的財務帳戶 (NEFA); ii) 識辨 NEFA 持有人及特定 NEFA 持有實體就稅務目的而言所定居之司法管轄區 ; iii) iv) 斷定特定 NEFA 持有實體的身分為 被動非財務實體, 並識辨其 控權人 就稅務目的而言所定居之司法管轄區 ; 收集 NEFA 的特定資料 ( 下稱 所需資料 ); 及 v) 向稅務局提供特定所需資料 由 2017 年 1 月 1 日起, 投保 CRS 範圍以內產品的客戶必須填妥 CRS 自我證明, 並符合 CRS 新帳戶的盡職審查規定方可獲發保單 客戶若未能向宏利提交已填妥的有效 CRS 自我證明, 將不符合 CRS 範圍以內產品或保單的投保資格 客戶於保單簽發後, 倘宏利因資料不足而未能確定客戶是否為非申報對象, 則客戶可能須要在某些特定情況下 ( 例如 : 更改擁有權或更改個人資料 ) 再次填妥類似的 CRS 自我證明 假如客戶拒絕提供有效的 CRS 自我證明或合理解釋和證明文件 ( 如適用 ) 以支持 CRS 自我證明的合理性, 該客戶一律被視為其所持有身分標記之所屬國家 / 司法管轄區的申報對象 根據稅務條例, 客戶向財務機構提供 CRS 自我證明時, 明知或罔顧所提交的資料在要項上具誤導性 虛假或不正確, 便屬違法 罰則為第三級罰款 ( 即 10,000 港元 ) 此舉是為確保香港在有效實施方面能符合國際標準 1

15 保單持有人及受益人的個人資料 ( 例如 : 姓名 地址 稅務居民身分的所屬司法管轄區 稅務編號 (TIN) 及出生日期和地點 ) 和財務帳戶資料 ( 例如 : 帳戶號碼 帳戶結餘或價值 ( 於年度終結時 ) 及所適用的財務資產於有關年度的相關利息 紅利和出售收益淨額 ), 可由宏利向稅務局匯報, 並由該局與保單持有人及受益人可能是其稅務居民的一個或多個國家 / 司法管轄區之稅務機關交換 保單持有人或受益人若未能提供任何所需資料, 宏利保留權利採取任何適當行動務求能遵守適用法例及規定 宏利不會向客戶提供任何稅務或法律建議 客戶如對稅務居民身分及 / 或 AEOI/CRS 對其本人或其財務帳戶構成的影響存有任何疑問, 應向獨立專業人士徵詢意見 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一七年一月一日刊印 2

16 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃宏利智富錦囊產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日 二零一六年九月十二日及二零一六年十二月一日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富施羅德亞太地產股票基金之變更 由二零一七年一月九日起, 一切提及到 施羅德環球基金系列 亞太地產股票 的中文名稱均將更改為 施羅德環球基金系列 亞太城市房地產股票 由二零一七年一月十六日起, 一切提及到 宏利智富施羅德亞太地產股票基金 的中文名稱均將更改為 宏利智富施羅德亞太城市房地產股票基金 2. 有關重要事項之更新 2.1 由本附錄日期起, 載於第 1 頁 重要事項 章節第 11 點將被全部刪除並由下文所取代 : 於名稱後載有 ( 支付派發 ) 的每一項投資選項 統稱為 支付派發投資選項 乃是一項旨在以定期分派股息作特點的投資選項 透過選擇支付派發投資選項, 閣下將收到由宏利從相應的相關基金收取到所分派的股息 惟請 : 相應的相關基金並不保證股息的分派, 分派的頻率, 及股息的金額 每一項與支付派發投資選項連繫的相關基金或可酌情從資本或總收益撥付股息並同時從其資本中收取 / 支付全部或部分的費用和支出 該等從資本中撥付的股息等於歸還或提取原本投資額的一部分或該原本投資額應佔的任何資本收益, 可能導致相關基金於股息分發日後的每股資產淨值即時減少, 並反映於相應的支付派發投資選項的價格 支付派發投資選項所派發之股息將減少保單價值 因此, 相比一般安排股息作再投資的投資選項, 應支付的身故賠償或會減少 若保單價值降至零時亦可導致保單的終止 除非閣下對支付派發投資選項有充份了解, 並已就該等投資選項如何適合閣下需要得到詳細說明, 否則閣下不應選擇該等投資選項 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年十二月三十日刊印 1

17 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃宏利智富錦囊產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日 二零一六年七月二十五日及二零一六年九月十二日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富亞洲物業基金之變更 由本附錄日期起, 一切提及到 施羅德環球基金系列 - 亞太地產股票 的英文名稱均將更改為 Schroder International Selection Fund Asia Pacific Cities Real Estate 由本附錄日期起, 一切提及到 宏利智富亞洲物業基金 的名稱均將更改為 宏利智富施羅德亞太地產股票基金 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年十二月一日刊印 1

18 宏利投資計劃產品銷售說明書 產品說明書附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃產品銷售說明書 產品說明書 ( 產品說明書 ) 及二零一六年十月一日刊發之產品說明書附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與產品說明書內所使用者同義 1. 由二零一六年十一月七日 ( 生效日 ) 起, 載於二零一六年十月一日刊發之宏利投資計劃產品銷售說明書 產品說明書附錄第 1 點中所述之全段將被全部刪除並由下文所取代 : 宏利投資計劃 ( 本計劃 ) 乃宏利所發出的一項與投資有關的人壽保險保單, 屬於 保險公司條例 ( 保險公司條例 ) 所規定的類別 C 的相連長期業務 宏利已被獲准根據 保險公司條例 在香港經營屬類別 C 的相連長期業務 受保人及保單持有人於申請投保本計劃時的最低投保年齡分别為 0 歲及 18 歲, 而受保人或保單持有人於申請投保本計劃時的最高投保年齡為 70 歲 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年十一月七日刊印 1

19 宏利投資計劃產品銷售說明書 產品說明書附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃產品銷售說明書 產品說明書 ( 產品說明書 ) 理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與產品說明書內所使用者同義 1. 由二零一六年十月一日 ( 生效日 ) 起, 載於產品說明書第 4 頁第 1 節 簡介 的第 1 段將被全部刪除並由下文所取代 : 宏利投資計劃 ( 本計劃 ) 乃宏利所發出的一項與投資有關的人壽保險保單, 屬於 保險公司條例 ( 保險公司條例 ) 所規定的類別 C 的相連長期業務 宏利已被獲准根據 保險公司條例 在香港經營屬類別 C 的相連長期業務 受保人或保單持有人於申請投保本計劃時的最低投保年齡為 18 歲, 而受保人或保單持有人於申請投保本計劃時的最高投保年齡為 70 歲 2. 由生效日起, 載於產品說明書第 9 頁第 3 節 本計劃的主要特點 的第 3.3 節 認購 下的第 5 段將被全部刪除並由下文所取代 : 在受保人或保單持有人年滿 60 歲之最接近的保單周年日之後, 並不允許進行定期認購 在受保人或保單持有人年滿 70 歲之最接近的保單周年日之後, 並不允許進行後續整筆認購 宏利可更改最低或最高認購金額, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 3. 由生效日起, 載於產品說明書第 16 頁第 6 節 費用及收費 的 計劃層面上的費用及收費 之列表內, 有關 帳戶維持費 和 墊支費用 之所有資料將被全部刪除並由下文所取代 : 費用及收費帳户維持費 墊支費用 現時費率每年投資選項的資產淨值的 1.2%; 從投資選項資產淨值中扣除, 按日累計, 並反映在單位化 # 投資選項的單位價格內或非單位化投資選項所派發的淨利息內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 每年不多於投資選項資產淨值的 0.03%, 從投資選項資產淨值中扣除, 按日累計, 並反映在單 # 位化投資選項的單位價格內或非單位化投資選項所派發的淨利息內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 墊支費用是計劃及投資選項運作所引起的其他各項實際開支, 包括但不限於核數師 律師及其他顧問費用, 以及刊登單位價格 印刷和派發銷售文件 報告 通告 報表及通訊費用 交易費用 會計及估值 稅項 以及其他合理墊支費用 4. 由生效日起, 以下載於產品說明書第 16 頁第 6 節 費用及收費 的 計劃層面上的費用及收費 之列表下方所出現的備註將被全部刪除 : * 就中國市場投資選項而言, 帳戶維持費和墊支費用從中國市場投資選項的資產淨值中按月累計, 並反映在中國市場投資選項的單位價格內 5. 由生效日起, 載於產品說明書第 18 頁第 6 節 費用及收費 的 投資選項層面上的費用及收費 之列表內, 有關 管理費 之所有資料將被全部刪除並由下文所取代 : 費用及收費 管理費 現時費率按各投資選項而異, 每年介乎投資選項資產淨值的 0.5% 至 2.1%, 按日累計, 並反映在單位化 # 投資選項的單位價格內或非單位化投資選項所派發的淨利息内 根據所分配的投資選項名義單位, 此單位價格會用作計算帳戶價值 管理費由以下兩項構成 : i) 由相關基金經理收取的管理費用, 亦反映在相關基金的單位價格中 ; 及 1

20 ii) 由宏利收取的管理費 有關每項投資選項之管理費, 請參閱 投資選項手冊 6. 由生效日起, 以下載於產品說明書第 18 頁第 6 節 費用及收費 的 投資選項層面上的費用及收費 之列表下方所出現的備註將被全部刪除 : * 就中國市場投資選項而言, 管理費從中國市場投資選項的資產淨值中按月累計, 並反映在中國市場投資選項的單位價格內 7. 由生效日起, 載於產品說明書第 27 頁 附錄 宏利智富中國 A 股基金 及 宏利智富中國債券基金 ( 統稱 中國市場投資選項 ) 的特點及具體運作 第 11 節 費用及收費 的 費用及收費 ( 計劃層面 ) 之列表內, 有關 帳戶維持費 和 墊支費用 之所有資料將被全部刪除並由下文所取代 : 費用及收費 ( 計劃層面 ) 帳户維持費 墊支費用 現時費率每年中國市場投資選項的資產淨值的 1.2%; 從其資產淨值中扣除, 按日累計, 並反映在單位價格內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 每年不多於中國市場投資選項資產淨值的 0.03%, 從其資產淨值中扣除, 按日累計, 並反映在單位價格內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 墊支費用是計劃及投資選項運作所引起的其他各項實際開支, 包括但不限於核數師 律師及其他顧問費用, 以及刊登單位價格 印刷和派發銷售文件 報告 通告 報表及通訊費用 交易費用 會計及估值 稅項 以及其他合理墊支費用 8. 由生效日起, 載於產品說明書第 28 頁 附錄 宏利智富中國 A 股基金 及 宏利智富中國債券基金 ( 統稱 中國市場投資選項 ) 的特點及具體運作 第 11 節 費用及收費 的 費用及收費 ( 投資選項層面 ) 之列表內, 有關 管理費 之所有資料將被全部刪除並由下文所取代 : 費用及收費 ( 投資選項層面 ) 管理費 現時費率按各中國市場投資選項而異, 每年介乎該等中國市場投資選項資產淨值的 1.7% 至 1.9%; 按日累計, 並反映在中國市場投資選項的單位價格內 根據所分配的中國市場投資選項名義單位, 此單位價格會用作計算帳戶價值 管理費由以下兩項構成 : i) 由相關基金經理收取的管理費用, 反映在相關基金的單位價格中 ; 及 ii) 由宏利所收取的管理費 有關每項中國市場投資選項之管理費, 請參閱 投資選項手冊 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年十月一日刊印 2

21 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃宏利智富錦囊產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日及二零一六年七月二十五日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 由本附錄日期起, 以下投資選項將加入至投資選項手冊第六頁的投資選項一覽的 其他類別 部分 : 投資選項名稱 ( 投資選項代號 ) 相應的相關基金 資產名稱 相關基金的股份類別 ^ 相關基金管理公司或投資選項管理人 投資選項投貨幣資管理人名稱 相關基金的股份類別貨幣 每年管理費佔該投資選項資產淨值之百分比 * 附加資料 其他類別宏利智富全天候資本穩健基金 ( 支付派發 ) (ICP01) + 宏利智富全天候增長基金 ( 支付派發 ) (IGW01) + 宏利智富全天候進昇增長基金 ( 支付派發 ) (IGU01) + 宏利智富全天候穩定增長基金 ( 支付派發 ) (IMG01) + 宏利智富環球動態資產配置基金 ( 支付派發 ) (IDA01) + 宏利香港系列 - 宏利全天候投資組合 - 資本穩健基金宏利香港系列 - 宏利全天候投資組合 - 增長基金宏利香港系列 - 宏利全天候投資組合 - 進昇增長基金宏利香港系列 - 宏利全天候投資組合 - 穩定增長基金宏利香港系列 - 宏利環球動態資產配置基金 AA ( 美元 ) 收益類別 AA ( 美元 ) 收益類別 AA ( 美元 ) 收益類別 AA ( 美元 ) 收益類別 AA ( 美元 ) 收益類別 宏利資產管理 ( 香港 ) 有限公司 宏利資產管理 ( 香港 ) 有限公司 宏利資產管理 ( 香港 ) 有限公司 宏利資產管理 ( 香港 ) 有限公司 宏利資產管理 ( 香港 ) 有限公司 美元 美元 1.30% 請參考 ** 美元 美元 1.65% 請參考 ** 美元 美元 1.70% 請參考 ** 美元 美元 1.40% 請參考 ** 美元 美元 1.70% 請參考 ** 1.2 由本附錄日期起, 於投資選項手冊第七頁投資選項一覽下的所有事項將被全部刪除並由下文所取代 : 宏利環球基金是由其董事會所管理, 而其執行投資管理職能已授權予相關委任的投資經理 ^ : 除支付派發投資選項 ( 以符號 + 顯示 ) 外, 以上任何相關基金所派發之股息 如有, 宏利會安排再投資於同一相關基金 再投資之股息會在有關投資選項的單位價格反映 * : 本投資選項手冊內所列出之管理費 ( 等同宏利智富錦囊所用之詞語 投資管理費 ) 包括相關基金 / 資產的管理公司所收取的任何管理費以及宏利所收取的任何管理費 請相關基金或會徵收其他費用, 例如業績表現費 有關任何相關基金的收費詳情, 請參閱相關基金的最新版本之銷售文件 ~ : 此乃宏利智富東方匯理現金基金每年管理費 投資管理費佔該投資選項資產淨值之最高百分比 實際費用可能不時更改 : 倘若保單持有人於二零一六年二月三日或之後並未持有此部分所列的投資選項的任何單位, 將不可進行新認購 定期認購 定期自動轉換及轉換至該投資選項 + : 有關支付派發投資選項具體運作詳情, 請參閱附錄 5 ** : 1. 每項投資選項的認購之最低金額及轉換之最低金額為宏利所訂, 並沒有跟隨相應的相關基金之最低投資金額及最低轉換 1

22 金額 2. 每項投資選項在緊接每次贖回及轉換後的最低帳戶價值為宏利所訂, 並沒有跟隨相應的相關基金之最低持有價值 3. 每項單位化投資選項的交易日定義, 交易安排及暫停交易條件等為宏利所訂, 並非遵從相應的相關基金 4. 每項投資選項的資產淨值 發行價及贖回價為宏利所訂, 並非遵從相應的相關基金 5. 相關基金的初次收費 轉換費及贖回費等不適用於計劃 # : 宏利智富亞太股票收益基金的每年管理費佔資產淨值之百分比暫時調減至每年 0.65%, 直至另行通知為止 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年九月十二日刊印 2

23 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃宏利智富錦囊產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 及於二零一六年七月六日刊發之投資選項手冊附錄理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 1.1 有關宏利智富景順亞洲動力基金之變更 由二零一六年五月十二日起, 於投資選項手冊第四頁投資選項一覽的 股票類別 下, 宏利智富景順亞洲動力基金的 相關基金管理公司或管理人 / 投資選項投資管理人名稱 將由 Invesco Global Asset Limited 更改為 Invesco Global Asset DAC 1.2 有關宏利智富景順日本動力基金之變更 由二零一六年五月十二日起, 於投資選項手冊第四頁投資選項一覽的 股票類別 下, 宏利智富景順日本動力基金的 相關基金管理公司或管理人 / 投資選項投資管理人名稱 將由 Invesco Global Asset Limited 更改為 Invesco Global Asset DAC 1.3 有關宏利智富新興市場債券基金之變更 由二零一六年五月十二日起, 於投資選項手冊第六頁投資選項一覽的 債券類別 下, 宏利智富新興市場債券基金的 相關基金管理公司或管理人 / 投資選項投資管理人名稱 將由 Invesco Global Asset Limited 更改為 Invesco Global Asset DAC 1.4 有關宏利智富景順環球高收益債券基金之變更 由二零一六年五月十二日起, 於投資選項手冊第六頁投資選項一覽的 債券類別 下, 宏利智富景順環球高收益債券基金的 相關基金管理公司或管理人 / 投資選項投資管理人名稱 將由 Invesco Global Asset Limited 更改為 Invesco Global Asset DAC 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年七月二十五日刊印 1

24 宏利投資計劃宏利智富錦囊產品銷售說明書 - 投資選項手冊附錄 本附錄應與於二零一六年六月刊發之 宏利投資計劃宏利智富錦囊產品銷售說明書 投資選項手冊 ( 投資選項手冊 ) 理解為同一份文件, 並與其一併閱讀 本附錄中所用詞語, 除非本附錄中另有所指, 均與投資選項手冊內所使用者同義 宏利智富錦囊於二零一五年二月二十八日後不接受保單申請, 及不可繼續於香港向公眾人士推廣 所有本附錄所載有關宏利智富錦囊的資料只供宏利智富錦囊的現有保單持有人參考 1 投資選項一覽 由二零一六年八月十二日起, 關於投資選項 宏利智富興業金融資源基金 的所有資料將由投資選項手冊第五頁的投資選項一覽的 股票類別 部分中被移除 宏利人壽保險 ( 國際 ) 有限公司 ( 於百慕達註冊成立之有限責任公司 ) 於二零一六年七月六日刊印 1

25 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017, June 1, 2017, July 3, 2017, August 9, 2017, August 28, 2017, September 29, 2017, December 15, 2017 and April 16, 2018 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1 List of Investment Choices 1.1 Changes in relation to Manulife Inv Baring ASEAN Frontiers Fund All references to the English name of Baring International Umbrella Fund Baring ASEAN Frontiers Fund shall be changed to Barings International Umbrella Fund Barings ASEAN Frontiers Fund with effect from the date of this Addendum All references to the English name of Manulife Inv Baring ASEAN Frontiers Fund shall be changed to Manulife Inv Barings ASEAN Frontiers Fund with effect from May 7, Changes in relation to Manulife Inv Baring Europe Select Fund All references to the English name of Baring Europe Select Trust shall be changed to Barings Europe Select Trust with effect from the date of this Addendum All references to the English name of Manulife Inv Baring Europe Select Fund shall be changed to Manulife Inv Barings Europe Select Fund with effect from May 7, Change in relation to Manulife Inv Barings Developed and Emerging Markets High Yield Bond Fund (dist) All references to the English name of Baring Global Umbrella Fund - Barings Developed and Emerging Markets High Yield Bond Fund shall be changed to Barings Global Umbrella Fund - Barings Developed and Emerging Markets High Yield Bond Fund with effect from the date of this Addendum. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on April 30,

26 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017, June 1, 2017, July 3, 2017, August 9, 2017, August 28, 2017, September 29, 2017 and December 15, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 The following Investment Choices shall be inserted into the Equity Focused section of the List of Investment Choices on page 16 of the Investment Choice Brochure with effect from the date of this Addendum: Name of Investment Choice (Code of Investment Choice) Equity Focused Manulife Inv BlackRock Global Enhanced Equity Yield Fund (dist) (GBB01) + Name of Corresponding Underlying Fund / Assets Share Class of Underlying Fund^ Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information BlackRock Global Funds - Global Enhanced Equity Yield Fund Class A6 USD BlackRock (Luxembourg) S.A. USD USD 2.00% Manulife Inv U.S. Bank Equity Fund (IBU01) Manulife Advanced Fund SPC - U.S. Bank Equity Segregated Portfolio Class AA (USD) Inc Manulife Asset (Hong Kong) Limited USD USD 2.00% 1.2 The following Investment Choices shall be inserted into the Bond Focused section of the List of Investment Choices on page 20 of the Investment Choice Brochure with effect from the date of this Addendum: Name of Investment Choice (Code of Investment Choice) Name of Corresponding Underlying Fund / Assets Share Class of Underlying Fund^ Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information Bond Focused Manulife Inv Allianz Global Class AMg Allianz Global USD USD 1.75% 1

27 Allianz Dynamic Asian High Yield Bond Fund (dist) (GAD01) + Investors Fund - Allianz Dynamic Asian High Yield Bond (USD) Investors GmbH Manulife Inv PARVEST Bond Best Selection World Emerging Fund (dist) (GPA01) + PARVEST Bond Best Selection World Emerging Classic MD BNP PARIBAS ASSET MANAGEMENT Luxembourg USD USD 2.00% ^ Note: Other than the Payout Distribution Investment Choices (denoted by the symbol + ), dividends, if any, paid by any of the underlying funds above are arranged by Manulife to be reinvested in the same underlying fund. The dividend reinvestment is reflected in the unit price of the corresponding Investment Choice. * Note: The management fee shown in this Investment Choice Brochure (equivalent to the term Investment Fee used under Manulife Investment Solutions) includes any management fee charged by the management company of the corresponding underlying fund(s)/assets plus any management fee charged by Manulife. Please note that the underlying fund may be subject to other charges, e.g. performance fee. For details of the fees and charges of any underlying fund, please refer to the latest offering documents of the underlying fund. + Note: to Annex 5 for details on the operations specific to the Payout Distribution Investment Choices. ** Note: 1. The minimum subscription amount and minimum switching amount per Investment Choice are determined by Manulife without following the minimum investment amount and minimum switching amount of the corresponding underlying fund(s). 2. The minimum balance of Account Value per Investment Choice immediately after each redemption and switching are determined by Manulife without reference to the minimum holding value of the corresponding underlying fund(s). 3. The definition of dealing day, dealing arrangements and the criteria for suspension of dealing of a unitized Investment Choice are set out by Manulife without adherence to those of the corresponding underlying fund(s). 4. The net asset value, issue price and redemption price of an Investment Choice are determined by Manulife without adherence to those of the corresponding underlying fund(s). 5. The initial charges, switching charges, redemption charges of the underlying fund(s) are not applicable to the Plans. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on April 16,

28 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017, June 1, 2017, July 3, 2017, August 9, 2017, August 28, 2017 and September 29, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1 List of Investment Choices 1.1 Changes in relation to Manulife Inv Henderson Global Technology Fund All references to the name of Henderson Horizon Fund Global Technology Fund shall be changed to Janus Henderson Horizon Fund Global Technology Fund with effect from the date of this Addendum All references to the name of Manulife Inv Henderson Global Technology Fund shall be changed to Manulife Inv Janus Henderson Global Technology Fund with effect from the date of this Addendum. 1.2 Changes in relation to Manulife Inv Henderson Japanese Smaller Companies Fund All references to the name of Henderson Horizon Fund Japanese Smaller Companies Fund shall be changed to Janus Henderson Horizon Fund Japanese Smaller Companies Fund with effect from the date of this Addendum All references to the name of Manulife Inv Henderson Japanese Smaller Companies Fund shall be changed to Manulife Inv Janus Henderson Japanese Smaller Companies Fund with effect from the date of this Addendum. 1.3 Changes in relation to Manulife Inv Australia Equity Fund With effect from December 18, 2017, the Share Class of Underlying Fund^ corresponding to Manulife Inv Australia Equity Fund under the Equity Focused section in the List of Investment Choices on page 17 of the Investment Choice Brochure shall be changed from Class A2 to Class A Acc AUD. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on December 15,

29 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017, June 1, 2017, July 3, 2017, August 9, 2017 and August 28, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Changes in relation to Manulife Inv Barings Developed and Emerging Markets High Yield Bond Fund (dist) On page 1 of the Addendum to the Investment Choice Brochure dated August 28, 2017, the Share Class of Underlying Fund^ corresponding to Manulife Inv Barings Developed and Emerging Markets High Yield Bond Fund (dist) under the Bond Focused section appearing in the section 1 List of Investment Choices shall be changed from Class A USD Inc Monthly Dividend to Class A USD Inc Monthly with effect from September 6, Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on September 29,

30 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017, June 1, 2017, July 3, 2017 and August 9, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 The following Investment Choices shall be inserted into the Bond Focused section of the List of Investment Choices on page 20 of the Investment Choice Brochure with effect from the date of this Addendum: Name of Investment Choice (Code of Investment Choice) Bond Focused Manulife Inv Barings Developed and Emerging Markets High Yield Bond Fund (dist) (GBD01) + Name of Corresponding Underlying Fund / Assets Share Class of Underlying Fund^ Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information Baring Global Umbrella Fund - Barings Developed and Emerging Markets High Yield Bond Fund Class A USD Inc Monthly Dividend Baring International Fund Managers (Ireland) Limited USD USD 1.50% Manulife Inv Fidelity China High Yield Fund (dist) (GFH01) + Fidelity Funds - China High Yield Fund Class A- MINCOME (G)-USD (hedged) FIL Investment (Luxembourg) S.A. USD USD 1.70% Manulife Inv PIMCO GIS Global High Yield Bond Fund (dist) (GPY01) + PIMCO Funds: Global Investors Series plc - Global High Yield Bond Fund M Retail Class Income II PIMCO Global Advisors (Ireland) Limited USD USD 1.95% Manulife Inv PIMCO GIS Income Fund (dist) (GPI01) + PIMCO Funds: Global Investors Series plc - Income Fund E Class Income PIMCO Global Advisors (Ireland) Limited USD USD 1.95% Manulife Inv Value Partners Greater China High Yield Income Fund (dist) (GVP01) + Value Partners Greater China High Yield Income Fund Class P USD MDis Shares Value Partners Hong Kong Limited USD USD 2.00% 1

31 ^ Note: Other than the Payout Distribution Investment Choices (denoted by the symbol + ), dividends, if any, paid by any of the underlying funds above are arranged by Manulife to be reinvested in the same underlying fund. The dividend reinvestment is reflected in the unit price of the corresponding Investment Choice. * Note: The management fee shown in this Investment Choice Brochure (equivalent to the term Investment Fee used under Manulife Investment Solutions) includes any management fee charged by the management company of the corresponding underlying fund(s)/assets plus any management fee charged by Manulife. Please note that the underlying fund may be subject to other charges, e.g. performance fee. For details of the fees and charges of any underlying fund, please refer to the latest offering documents of the underlying fund. + Note: to Annex 5 for details on the operations specific to the Payout Distribution Investment Choices. ** Note: 1. The minimum subscription amount and minimum switching amount per Investment Choice are determined by Manulife without following the minimum investment amount and minimum switching amount of the corresponding underlying fund(s). 2. The minimum balance of Account Value per Investment Choice immediately after each redemption and switching are determined by Manulife without reference to the minimum holding value of the corresponding underlying fund(s). 3. The definition of dealing day, dealing arrangements and the criteria for suspension of dealing of a unitized Investment Choice are set out by Manulife without adherence to those of the corresponding underlying fund(s). 4. The net asset value, issue price and redemption price of an Investment Choice are determined by Manulife without adherence to those of the corresponding underlying fund(s). 5. The initial charges, switching charges, redemption charges of the underlying fund(s) are not applicable to the Plans. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on August 28,

32 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017, June 1, 2017 and July 3, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Changes in relation to Manulife Inv Citi China Select Fund All references to the name of Citi Investment Trust (Cayman) II China Select Fund shall be changed to ChinaAMC Investment Trust - ChinaAMC China Focus Fund with effect from July 28, All references to the name of Manulife Inv Citi China Select Fund shall be changed to Manulife Inv ChinaAMC China Focus Fund with effect from August 18, With effect from July 28, 2017, the Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice corresponding to Manulife Inv Citi China Select Fund under the Equity Focused section in the List of Investment Choices on page 17 of the Investment Choice Brochure shall be changed from Citigroup First Investment Limited to China Asset (Hong Kong) Limited. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on August 9,

33 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017, April 24, 2017 and June 1, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Changes in relation to Manulife Inv Amundi Global Luxury and Lifestyle Fund All references to the name of Amundi Funds - Equity Global Luxury and Lifestyle shall be changed to Amundi Funds - CPR Global Lifestyles with effect from the date of this Addendum All references to the name of Manulife Inv Amundi Global Luxury and Lifestyle Fund shall be changed to Manulife Inv Amundi CPR Global Lifestyles Fund with effect from July 10, Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on July 3,

34 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016, April 3, 2017 and April 24, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Change in relation to Manulife Inv PARVEST Bond Asia ex Japan Fund With effect from the date of this Addendum, the Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice corresponding to Manulife Inv PARVEST Bond Asia ex Japan Fund under the Bond Focused section in the List of Investment Choices on page 21 of the Investment Choice Brochure shall be changed from BNP Paribas Investment Partners Luxembourg to BNP Paribas Asset Luxembourg. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on June 1,

35 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016, December 30, 2016 and April 3, 2017 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices With effect from June 30, 2017, all the information in relation to the Investment Choice Manulife Inv Asia-Pacific Equity Income Fund shall be removed from the Equity Focused section of the List of Investment Choices on page 16 of the Investment Choice Brochure. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on April 24,

36 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Principal Brochure Investment Choice Brochure for Manulife Investment Plus and Manulife Investment Solutions dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016, December 1, 2016 and December 30, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 The following Investment Choices shall be inserted into the Bond Focused section of the List of Investment Choices on page 20 of the Investment Choice Brochure with effect from the date of this Addendum: Name of Investment Choice (Code of Investment Choice) Bond Focused Manulife Inv Asia Total Return Fund (dist) (GAR01) + Name of Corresponding Underlying Fund / Assets Share Class of Underlying Fund^ Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information Manulife Global Fund Asia Total Return Fund Class AA Inc Manulife Global Fund is a selfmanaged USD USD 1.70% Manulife Inv Templeton Global Total Return Fund (dist) (GTG01) + Franklin Templeton Investment Funds Templeton Global Total Return Fund Class A (Mdis) USD Franklin Templeton International Services S.à r.l. USD USD 1.25% 1

37 1.2 The following Investment Choices shall be inserted into the Others section of the List of Investment Choices on page 21 of the Investment Choice Brochure with effect from the date of this Addendum: Name of Investment Choice (Code of Investment Choice) Others Manulife Inv JPMorgan Asia Pacific Income Fund (dist) (GJX01) + Name of Corresponding Underlying Fund / Assets Share Class of Underlying Fund^ Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information JPMorgan Funds - Asia Pacific Income Fund Class A (mth)-usd JPMorgan Asset (Europe) S.á r.l. USD USD 1.90% Manulife Inv JPMorgan China Income Fund (dist) (GJP01) + JPMorgan China Income Fund Class (mth) - USD JPMorgan Funds (Asia) Ltd. USD USD 2.00% Manulife Inv Schroder Emerging Multi-Asset Income Fund (dist) (GSA01) + Schroder International Selection Fund Emerging Multi-Asset Income Class A1 USD Dis Schroder Investment (Luxembourg) S.A. USD USD Note: Manulife Global Fund is managed by its own Board of Directors, which has delegated the performance of investment management functions to the relevant appointed investment manager. ^ Note: Other than the Payout Distribution Investment Choices (denoted by the symbol + ), dividends, if any, paid by any of the underlying funds above are arranged by Manulife to be reinvested in the same underlying fund. The dividend reinvestment is reflected in the unit price of the corresponding Investment Choice. * Note: The management fee shown in this Investment Choice Brochure (equivalent to the term Investment Fee used under Manulife Investment Solutions) includes any management fee charged by the management company of the corresponding underlying fund(s)/assets plus any management fee charged by Manulife. Please note that the underlying fund may be subject to other charges, e.g. performance fee. For details of the fees and charges of any underlying fund, please refer to the latest offering documents of the underlying fund. + Note: to Annex 5 for details on the operations specific to the Payout Distribution Investment Choices. ** Note: 1. The minimum subscription amount and minimum switching amount per Investment Choice are determined by Manulife without following the minimum investment amount and minimum switching amount of the corresponding underlying fund(s). 2. The minimum balance of Account Value per Investment Choice immediately after each redemption and switching are determined by Manulife without reference to the minimum holding value of the corresponding underlying fund(s). 3. The definition of dealing day, dealing arrangements and the criteria for suspension of dealing of a unitized Investment Choice are set out by Manulife without adherence to those of the corresponding underlying fund(s). 4. The net asset value, issue price and redemption price of an Investment Choice are determined by Manulife without adherence to those of the corresponding underlying fund(s). 5. The initial charges, switching charges, redemption charges of the underlying fund(s) are not applicable to the Plans. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on April 3,

38 Addendum to Manulife Investment Plus Principal Brochure Product Brochure This Addendum should be read and construed together with the Manulife Investment Plus Principal Brochure Product Brochure dated June 2016 ( Product Brochure ) and addenda to the Product Brochure dated October 1, 2016 and November 7, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Product Brochure. The following Automatic Exchange of Financial Account Information section shall be inserted under Section 8 General Information on page 22 as sub-section 8.8 and the original sub-sections 8.8, 8.9 and 8.10 shall be renumbered as sub-sections 8.9, 8.10 and 8.11, respectively, with effect from the date of this Addendum. 8.8 Automatic Exchange of Financial Account Information (AEOI) AEOI is an international standard that involves exchanging financial account information on an automatic basis to enhance tax transparency and combat cross-border tax evasion. In July 2014, the Organization for Economic Cooperation and Development ( OECD ) released a standard, asking governments globally to obtain certain financial account information from their financial institutions including insurance companies ( FIs ), and exchange that information automatically with overseas tax jurisdictions. Known as the Common Reporting Standard ( CRS ), it requires FIs in participating jurisdictions to: i) identify the country/jurisdiction or countries/jurisdictions of tax residency of their new and existing customers through performing on-boarding due diligence procedures and pre-existing accounts due diligence procedures; and ii) report certain financial information of their customers (including individuals, entities and controlling persons of certain entity accounts) to local government, which may exchange the financial information with overseas governments of countries/jurisdictions where the customers are tax residents. The Government of HKSAR has committed to the implementation of AEOI. The Inland Revenue (Amendment) (No.3) Ordinance 2016 ( Inland Revenue Ordinance ), which commenced operation on 30 June 2016, put in place a legislative framework for Hong Kong to implement AEOI/CRS beginning 1 January To deliver the commitment, Hong Kong will commence the first information exchanges by the end of 2018 with overseas tax jurisdictions with which Hong Kong has entered into an AEOI agreement ( AEOI partners ). Manulife, as a reporting financial institution under the Inland Revenue Ordinance, must comply with the following requirements to facilitate the Inland Revenue Department ( IRD ) in automatically exchanging certain financial account information with AEOI partners as provided for thereunder: i) to identify certain accounts as "non-excluded financial accounts ( NEFAs ); ii) iii) iv) to identify the jurisdiction(s) in which NEFA-holding individuals and certain NEFA-holding entities reside for tax purposes; to determine the status of certain NEFA-holding entities as passive NFEs and identify the jurisdiction(s) in which their controlling persons reside for tax purposes; to collect certain information on NEFAs ( Required Information ); and v) to furnish certain Required Information to the IRD. With effect from 1 January 2017, customers purchasing CRS in-scope product are required to complete CRS self-certification and meet the CRS on-boarding due diligence requirements before a policy can be issued. Customers who do not provide Manulife with a completed and valid CRS self-certification are not eligible to subscribe to any CRS in-scope product or policy. Customers will also be required to complete a similar CRS self-certification in certain circumstances (e.g. 3

39 ownership change or change in personal particulars) at a later stage where Manulife has insufficient information to establish whether a customer is a non-reporting person. If a customer refuses to provide a valid CRS self-certification or a reasonable explanation and documentation (as appropriate) supporting the reasonableness of the CRS self-certification, the customer will be deemed as a reportable person of the country/jurisdiction for which he or she holds any indicia. Under the Inland Revenue Ordinance, it is an offence for customers to provide, knowingly or in a reckless manner, misleading, false or incorrect information in a material particular, in making CRS self-certification to financial institutions. The penalty is a fine at level 3 (i.e. HK$10,000). This is to ensure that Hong Kong abides by the international standard concerning effective implementation. Policyholders and beneficiaries personal data (such as name, address, jurisdiction of tax residency, taxpayer identification number (TIN), and the date and place of birth) and financial account data (such as account number, account balance or value (year-end), and the gross amount of interests, dividends and sale proceeds of financial assets as appropriate for the year concerned) may be reported by Manulife to the IRD and exchanged with the tax authorities of another country/countries and jurisdiction/jurisdictions in which the policyholders and beneficiaries may be tax residents. Where a policyholder or beneficiary fails to provide any Required Information, Manulife reserves the right to take any action as it thinks appropriate in order for it to comply with the applicable law and regulation. Manulife does not give tax or legal advice. Customers should seek independent professional advice where they have questions surrounding their tax residency and/or on the impact AEOI/CRS may have on the customers or their financial accounts. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on January 1,

40 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016, September 12, 2016 and December 1, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Changes in relation to Manulife Inv Schroder Asia Pacific Cities Real Estate Fund All references to the Chinese name of Schroder International Selection Fund - Asia Pacific Cities Real Estate shall be changed to 施羅德環球基金系列 亞太城市房地產股票 with effect from January 9, All references to the Chinese name of Manulife Inv Schroder Asia Pacific Cities Real Estate Fund shall be changed to 宏利智富施羅德亞太城市房地產股票基金 with effect from January 16, Updates of the Important Notes 2.1 With effect from the date of this Addendum, the point number 11 in the section named Important Notes on page 15 shall be deleted in its entirety and replaced by: Each of the investment choices denoted by their names ended with (dist) (collectively, the Payout Distribution Investment Choices ) is an investment choice with feature of aiming to distribute dividend payout on a regular basis. By choosing the Payout Distribution Investment Choices, you will receive the payouts if dividends are received by Manulife from the corresponding underlying funds. However, please note that: The corresponding underlying funds do not guarantee distribution of dividends, the frequency of distribution, and the amount of dividends. Each of the underlying funds linked to the Payout Distribution Investment Choices may at its discretion pay dividend out of capital or gross income while charging / paying all or part of its fees and expenses to / out of its capital. Such payment of dividends out of capital amounts to a return or withdrawal of part of the original investment or from any capital gains attributable to that original investment, and may result in an immediate reduction of the net asset value per share of the underlying funds after the distribution date, which are in turn reflected on the prices of the respective Payout Distribution Investment Choices. The dividend payouts from the Payout Distribution Investment Choices will reduce the Policy Value and therefore the death benefit payable may be reduced as compared to the investment choices with dividend reinvestment. It may also lead to termination of the policy if the Policy Value drops to zero. You should not choose these Payout Distribution Investment Choices unless you understand them and they have been explained to you how they are suitable for you. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on December 30,

41 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016, July 25, 2016 and September 12, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Changes in relation to Manulife Inv Asian Property Fund All references to the English name of Schroder International Selection Fund - Asia Pacific Property Securities shall be changed to Schroder International Selection Fund Asia Pacific Cities Real Estate with effect from the date of this Addendum All references to the name of Manulife Inv Asian Property Fund shall be changed to Manulife Inv Schroder Asia Pacific Cities Real Estate Fund with effect from the date of this Addendum. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on December 1,

42 Addendum to Manulife Investment Plus Principal Brochure Product Brochure This Addendum should be read and construed together with the Manulife Investment Plus Principal Brochure Product Brochure dated June 2016 ( Product Brochure ) and addendum to the Product Brochure dated October 1, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Product Brochure. 1. With effect from November 7, 2016 (the Effective Date ), the whole paragraph mentioned in point 1 of the Addendum to Manulife Investment Plus Principal Brochure Product Brochure dated October 1, 2016 shall be deleted in its entirety and replaced by: Manulife Investment Plus (the Plan ) is an investment-linked insurance policy issued by Manulife under Class C linked long term business as defined under the Insurance Companies Ordinance ( ICO ). Manulife is authorised to carry on Class C linked long term business in Hong Kong under the ICO. The minimum issue age of the insured and policyowner at the time of application for the Plan is 0 and 18 respectively; and the maximum age of the insured or policyowner at the time of application for the Plan is 70. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on November 7,

43 Addendum to Manulife Investment Plus Principal Brochure Product Brochure This Addendum should be read and construed together with the Manulife Investment Plus Principal Brochure Product Brochure dated June 2016 ( Product Brochure ) as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Product Brochure. 1. With effect from October 1, 2016 (the Effective Date ), the first paragraph in Section 1 - Introduction on page 4 of the Product Brochure shall be deleted in its entirety and replaced by: Manulife Investment Plus (the Plan ) is an investment-linked insurance policy issued by Manulife under Class C linked long term business as defined under the Insurance Companies Ordinance ( ICO ). Manulife is authorised to carry on Class C linked long term business in Hong Kong under the ICO. The minimum issue age of the insured or policyowner at the time of application for the Plan is 18 and the maximum age of the insured or policyowner at the time of application for the Plan is With effect from the Effective Date, the fifth paragraph in Section Subscription under Section 3 Key Plan Features on page 9 of the Product Brochure shall be deleted in their entirety and replaced by: No regular subscription is allowed after the policy Anniversary nearest to age 60 of the policyowner or the life insured. No subsequent lump-sum subscription is allowed after the policy Anniversary nearest to age 70 of the policyowner or the life insured. Manulife may change the minimum or maximum subscription amount with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. 3. With effect from the Effective Date, all information relating to Account maintenance fee and Out-of-pocket expense under the table of Fees and charges at the Plan level in Section 6 - Fees and Charges on page 17 of the Product Brochure shall be deleted in its entirety and replaced by: Fees and charges Account maintenance fee Out-of-pocket expense Current rate 1.2% per annum of the net asset value of the Investment Choice(s), daily accrued from the net asset value of the Investment Choice(s) and reflected in the unit price of unitized Investment Choice(s) or net interest declared for non-unitized Investment Choice(s) #. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Up to 0.03% per annum of the net asset value of the Investment Choice(s), daily accrued from the net asset value of the Investment Choice(s) and reflected in the unit price of unitized Investment Choice(s) or net interest declared for non-unitized Investment Choice(s) #. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Out-of-pocket expenses are actual expenses incurred for the operations at the Plan and Investment Choice levels, which include but not limited to, the fees of audit, legal and other advisers, the costs of unit price publishing, printing and distributing offering document, reports, notices, statements and newsletters, transaction costs, accounting and valuation, taxes and other reasonable out-of-pocket expenses. 4. With effect from the Effective Date, the remark below shown beneath the table of Fees and charges at the Plan level in Section 6 - Fees and Charges on page 17 of the Product Brochure shall be deleted in its entirety: * For the China Market Investment Choices, the account maintenance fee and out-of-pocket expense are monthly accrued from the net asset value of China Market Investment Choices and reflected in the unit price of the China Market Investment Choices. 5. With effect from the Effective Date, all information relating to fee under the table Fees and charges at the Investment Choice level in Section 6 - Fees and Charges on page 19 of the Product Brochure 1

44 shall be deleted in its entirety and replaced by: Fees and charges fee Current rate fee varies with each Investment Choice ranging between 0.5% and 2.1% per annum of the net asset value of the Investment Choice. It is accrued daily and reflected in the unit price of unitized Investment Choice(s) or net interest declared for non-unitized Investment Choice(s) #. The unit price is used for calculating the Account Value based on the allocated notional units of the Investment Choice. fee comprises the following: i) management fee charged by the underlying fund manager, which is also reflected in the unit price of the underlying fund; and ii) management fee charged by Manulife. to the Investment Choice Brochure for the management fee of each Investment Choice. 6. With effect from the Effective Date, the remark below shown beneath the table of Fees and charges at the Investment Choice level in Section 6 - Fees and Charges on page 19 of the Product Brochure shall be deleted in its entirety: * For the China Market Investment Choices, the management fee is monthly accrued from the net asset value of China Market Investment Choices and reflected in the unit price of the China Market Investment Choices. 7. With effect from the Effective Date, all information relating to the Account maintenance fee and Out-of-pocket expense under the table of Fees and Charges at the Plan Level in Section 11 - Fees and Charges under Annex - Features and operations specific to the Manulife Inv China A Fund and Manulife Inv China Bond Fund ( China Market Investment Choices ) on page 30 of the Product Brochure shall be deleted in its entirety and replaced by: Fees and Charges at the Plan Level Account maintenance fee Out-of-pocket expense Current Rate 1.2% per annum of the net asset value of the China Market Investment Choice(s), daily accrued from the net asset value and reflected in the unit price. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Up to 0.03% per annum of the net asset value of the China Market Investment Choice(s), daily accrued from the net asset value and reflected in the unit price. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Out-of-pocket expenses are actual expenses incurred for the operations at the Plan and the Investment Choice levels, including but not limited to, the fees of audit, legal and other advisers, the costs of unit price publishing, printing and distributing offering document, reports, notices, statements and newsletters, transaction costs, accounting and valuation, taxes and other reasonable out-of-pocket expenses. 8. With effect from the Effective Date, all information relating to fee under the table of Fees and Charges at the Investment Choice Level in Section 11 - Fees and Charges under Annex - Features and operations specific to the Manulife Inv China A Fund and Manulife Inv China Bond Fund ( China Market Investment Choices ) on page 31 of the Product Brochure shall be deleted in its entirety and replaced by: Fees and Charges at the Current Rate Investment Choice Level fee fee varies by each China Market Investment Choice between 1.7% and 1.9% per annum of the net asset value of the China Market Investment Choice. It is accrued daily and reflected in the unit price of the China Market Investment Choice. The unit price is used for calculating the Account Value based on the allocated notional units of the China Market Investment Choice. fee comprises the following: i) management fee charged by the underlying fund manager, which is reflected in the unit price of the underlying fund; and 2

45 ii) management fee charged by Manulife. to the Investment Choice Brochure for the management fee of each China Market Investment Choice. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on October 1,

46 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure dated June 2016 ( Investment Choice Brochure ) and the addenda to the Investment Choice Brochure dated July 6, 2016 and July 25, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 The following Investment Choices shall be inserted into the Others section of the List of Investment Choices on page 21 of the Investment Choice Brochure with effect from the date of this Addendum: Name of Investment Choice (Code of Investment Choice) Others Manulife Inv All-weather Capital Conservative Fund (dist) (ICP01) + Manulife Inv All-weather Growth Fund (dist) (IGW01) + Manulife Inv All-weather Growth Plus Fund (dist) (IGU01) + Manulife Inv All-weather Managed Growth Fund (dist) (IMG01) + Name of Corresponding Underlying Fund / Assets Manulife Hong Kong Series - Manulife All-weather Portfolio - Capital Conservative Fund Manulife Hong Kong Series - Manulife All-weather Portfolio - Growth Fund Manulife Hong Kong Series - Manulife All-weather Portfolio - Growth Plus Fund Manulife Hong Kong Series - Manulife All-weather Portfolio - Managed Growth Fund Share Class of Underlying Fund^ Class AA (USD) Inc Class AA (USD) Inc Class AA (USD) Inc Class AA (USD) Inc Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Manulife Asset (Hong Kong) Limited Manulife Asset (Hong Kong) Limited Manulife Asset (Hong Kong) Limited Manulife Asset (Hong Kong) Limited Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information USD USD 1.30% Please refer to ** Note USD USD 1.65% Please refer to ** Note USD USD 1.70% Please refer to ** Note USD USD 1.40% Please refer to ** Note 1

47 Name of Investment Choice (Code of Investment Choice) Others Manulife Inv Global Dynamic Asset Allocation Fund (dist) (IDA01) + Name of Corresponding Underlying Fund / Assets Manulife Hong Kong Series - Manulife Global Dynamic Asset Allocation Fund Share Class of Underlying Fund^ Class AA (USD) Inc Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice Manulife Asset (Hong Kong) Limited Currency of Investment Choice Currency of Share Class of Underlying Fund Fee Per Annum of the Net Asset Value of the Investment Choice* Additional Information USD USD 1.70% Please refer to ** Note 1.2 All the remarks under the List of Investment Choices appearing on page 23 of the Investment Choice Brochure shall be deleted their entirety and replaced with the following with effect from the date of this Note: Manulife Global Fund is managed by its own Board of Directors, which has delegated the performance of investment management functions to the relevant appointed investment manager. ^ Note: Other than the Payout Distribution Investment Choices (denoted by the symbol + ), dividends, if any, paid by any of the underlying funds above are arranged by Manulife to be reinvested in the same underlying fund. The dividend reinvestment is reflected in the unit price of the corresponding Investment Choice. * Note: The management fee shown in this Investment Choice Brochure (equivalent to the term Investment Fee used under Manulife Investment Solutions) includes any management fee charged by the management company of the corresponding underlying fund(s)/assets plus any management fee charged by Manulife. Please note that the underlying fund may be subject to other charges, e.g. performance fee. For details of the fees and charges of any underlying fund, please refer to the latest offering documents of the underlying fund. ~ Note: This is the maximum management fee / investment management fee per annum of the net asset value of Manulife Inv Amundi Cash Fund. The actual fee may vary from time to time. Note: The investment choices listed under the section are not allowed for new subscription, regular subscription, auto regular switching and switch-in if the policyowner has no unit holdings in these investment choices on or after February 3, Note: to Annex 5 for details on the operations specific to the Payout Distribution Investment Choices. ** Note: 1. The minimum subscription amount and minimum switching amount per Investment Choice are determined by Manulife without following the minimum investment amount and minimum switching amount of the corresponding underlying fund(s). 2. The minimum balance of Account Value per Investment Choice immediately after each redemption and switching are determined by Manulife without reference to the minimum holding value of the corresponding underlying fund(s). 3. The definition of dealing day, dealing arrangements and the criteria for suspension of dealing of a unitized Investment Choice are set out by Manulife without adherence to those of the corresponding underlying fund(s). 4. The net asset value, issue price and redemption price of an Investment Choice are determined by Manulife without adherence to those of the corresponding underlying fund(s). 5. The initial charges, switching charges, redemption charges of the underlying fund(s) are not applicable to the Plans. # Note: fee per annum of the net asset value of Manulife Inv Asia-Pacific Equity Income Fund is temporarily lowered to 0.65% per annum until further notice. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on September 12,

48 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure dated June 2016 ( Investment Choice Brochure ) and addendum to the Investment Choice Brochure dated July 6, 2016 as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices 1.1 Change in relation to Manulife Inv Invesco Asian Equity Fund The Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice corresponding to Manulife Inv Invesco Asian Equity Fund under the Equity Focused section in the List of Investment Choices on page 18 of the Investment Choice Brochure shall be changed from Invesco Global Asset Limited to Invesco Global Asset DAC with effect from May 12, Change in relation to Manulife Inv Invesco Japanese Equity Core Fund The Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice corresponding to Manulife Inv Invesco Japanese Equity Core Fund under the Equity Focused section in the List of Investment Choices on page 18 of the Investment Choice Brochure shall be changed from Invesco Global Asset Limited to Invesco Global Asset DAC with effect from May 12, Change in relation to Manulife Inv Global Emerging Markets Debt Fund The Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice corresponding to Manulife Inv Global Emerging Markets Debt Fund under the Bond Focused section in the List of Investment Choices on page 20 of the Investment Choice Brochure shall be changed from Invesco Global Asset Limited to Invesco Global Asset DAC with effect from May 12, Change in relation to Manulife Inv Invesco Global High Income Fund The Name of Company / Manager of Underlying Fund / Investment Manager of Investment Choice corresponding to Manulife Inv Invesco Global High Income Fund under the Bond Focused section in the List of Investment Choices on page 20 of the Investment Choice Brochure shall be changed from Invesco Global Asset Limited to Invesco Global Asset DAC with effect from May 12, Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on July 25,

49 Addendum to Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure This Addendum should be read and construed together with the Manulife Investment Plus Manulife Investment Solutions Principal Brochure Investment Choice Brochure dated June 2016 ( Investment Choice Brochure ) as one document. Words and phrases used in this Addendum shall, unless otherwise specified herein, have the same meaning as are ascribed to them in the Investment Choice Brochure. Manulife Investment Solutions is not available for policy applications and cannot continue to be marketed to the public in Hong Kong after February 28, All information about Manulife Investment Solutions in this Addendum is only for existing policyowners of Manulife Investment Solutions. 1. List of Investment Choices With effect from August 12, 2016, all the information in relation to the Investment Choice Manulife Inv RHB Resources Fund shall be removed from the Equity Focused section of the List of Investment Choices on page 19 of the Investment Choice Brochure. Issued by Manulife (International) Limited (Incorporated in Bermuda with limited liability) on July 6,

50 產品資料概要宏利投資計劃 2016 年 10 月 本概要提供本產品的重要資料, 是銷售文件的一部分 請勿單憑本概要作投保決定 資料便覽 保險公司名稱 : 整付或定期供款以及定期供款次數 : 宏利人壽保險 ( 國際 ) 有限公司 ( 宏利 ) 整付保費 後續整付保費 ( 自選 ) 定期保費 ( 自選 )- 認購模式分為每月 每季 每半年及每年 保單貨幣 : 美元 最低保費 : 首次認購 ( 整付保費 ): 每份保單 6,000 美元 ; 以及 每項投資選項 1,500 美元 後續整筆認購 ( 如適用 ): 每份保單 1,500 美元 ; 以及 每項投資選項 250 美元 定期認購 ( 如適用 ): 每份保單的每次定期認購為 500 美元 ; 以及 每項投資選項的每次定期認購為 250 美元 最短供款年期 : 不適用 最高保費 : 首次認購 ( 整付保費 ) 和後續整筆認購 ( 如適用 ) 的總和 : 每位受保人 *1,250,000 美元 徵收退保費年期 : 每次認購的實際認購日起首五年適用 定期認購 ( 如適用 ): 每位受保人 * 每月認購 15,000 美元 ; 或 每位受保人 * 每季認購 45,000 美元 ; 或 每位受保人 * 每半年認購 90,000 美元 ; 或 每位受保人 * 每年認購 180,000 美元 * 最高保費適用於同一位受保人的所有宏利投資計劃保單之總和 身故賠償額 : 提交身故索償申請當日 ( 該日需為交易日 ; 若該日並非交易日則為緊接該日的首個交易日 ) 之保單價值 * 的 105% 倘受保人自殺 ( 不論是否在精神健全的情況下 ), 則宏利所承擔的責任僅限於在緊接自殺前 1 2 個月 ( 1 2 個月期間 ) 內所作的認購所佔的保單價值的 100% 和在 12 個月期間之前所作的認購所佔的保單價值的 105% * 保單價值為閣下保單內所有投資選項的帳戶價值的總和 有關其詳細定義, 請參閱產品銷售說明書 - 產品說明書第 2 節 保單的管轄法律 : 香港特別行政區法律 1

51 宏利投資計劃 重要事項 1. 本份與投資有關的人壽保險計劃 ( 投資壽險保單 或 計劃 ) 是一項長綫投資暨保險產品, 僅適合以下投資者 : 了解本金會蒙受風險 ; 及 那些兼顧投資及遺產策劃目標的人士, 因為本投資壽險保單是一項同時含有投資及保險成分 ( 包括向第三方受益人支付身故賠償 ) 的組合式產品 2. 本投資壽險保單不適合有短期或中期流動資金需要的投資者 3. 費用及收費 閣下所繳保費中的最多 27.5%( 已包括非酌情周年獎賞 ) 將繳付予宏利, 以支付所有投資壽險保單層面和投資選項層面的費用及收費 ( 不包括由相關基金經理收取的管理費用 ), 而其中的 0% 是用於支付人壽保障的費用, 這將減少可用於投資的金額 請, 上述數字是基於以下假設所計算 : (a) 支付 129,000 美元 ( 等值於 1,000,000 港元, 並調整至最接近的千位數, 以匯率為 1 美元兌 7.75 港元計 ) 作為整付保費 ; (b) 閣下持有此投資壽險保單 20 年 ; (c) 在 20 年內, 假設回報率為每年 3%; (d) 閣下不會提早提取款項或終止此投資壽險保單 閣下須明白, 此等投資壽險保單層面的收費是除相關基金層面收費以外的額外收費 上述數字並不包括任何提早退保 / 提取款項的收費 上述所列所有費用及收費佔供款總額的百分比乃基於以上假設所計算, 僅作說明用途 視乎每宗個案的個別情況, 實際百分比可能會有所變動 ; 如果供款額較低, 有關百分比可能遠高於上述數字 4. 長期特點 提早退保 / 提取款項的收費 : (a) 如閣下在每次認購後首五年內提取部分款項或退保, 提早贖回費可高達贖回金額的 6% 而閣下亦可能損失獲得周年獎賞的權利 周年獎賞 : (b) 若閣下符合產品銷售說明書 - 產品說明書中第 3.2 節所列的條款及細則, 並持有此投資壽險保單達 6 年及平均保單價值 ( 不足 61 個月的認購所佔的保單價值不計算在內 ) 超出 20,000 美元, 閣下將有權獲得周年獎賞 周年獎賞按分層計算, 而應用於合資格獲得獎賞的平均保單價值之獎賞比率列明如下 : 合資格獲得獎賞的平均保單價值 適用於各層級金額的獎賞比率 第一級由 1 美元至 20,000 美元內之金額 0.0% 第二級由 20,001 美元至 50,000 美元內之金額 0.5% 第三級由 50,001 美元至 100,000 美元內之金額 0.7% 餘下 100,000 美元以上之金額 1.0% 5. 中介人的酬勞雖然閣下可能沒有直接向銷售 / 推介此投資壽險保單的中介人支付任何款項, 但中介人會收取酬勞, 而該酬勞實際上是來自閣下所繳付的收費 中介人應在銷售時以書面向閣下披露有關中介人酬勞的資料 中介人實際收取的酬勞可能每年都不一樣, 而且可能於保單初期收取較高金額的酬勞 請於投保前向中介人查詢以進一步了解中介人就此投資壽險保單所收取的酬勞 若閣下作出查詢, 中介人應向閣下披露所要求的資料 2

52 宏利投資計劃 這是甚麼產品? 如何運作? 本產品是與投資有關的人壽保險計劃, 壽險保單由宏利發出, 並非由證券及期貨事務監察委員會 ( 證監會 ) 依據 單位信託及互惠基金守則 ( 單位信託守則 ) 認可的基金 閣下就投資壽險保單繳付的供款, 經扣除任何適用費用及收費後, 會由宏利投資於閣下所選取的投資選項 ( 見以下說明 ) 的相關基金 / 資產, 從而用作增加投資壽險保單價值 宏利會根據閣下所選投資選項之相關基金 / 資產的不時表現, 以及持續從保單價值扣除的費用及收費, 來計算閣下之投資壽險保單價值 但請, 閣下就投資壽險保單繳付的所有供款, 以及宏利對閣下所選相關基金 / 資產的任何投資, 均會成為及一直屬於宏利的資產 閣下對任何該等資產均沒有任何權利或擁有權 如追討賠償, 閣下只可向宏利追索 由於宏利會就投資壽險保單徵收各項費用及收費, 投資壽險保單的整體回報或會低於閣下所選投資選項相關基金 / 資產的回報 有關閣下須支付的費用及收費的詳情, 請參閱第 4 至 5 頁 可供選取的投資選項之相關基金 / 資產為 投資選項手冊 內列明的基金, 可能包括由證監會依據 單位信託守則 認可的基金, 也可能包括由宏利酌情內部管理但未經證監會根據 單位信託守則 認可的其他投資組合 雖然投資壽險保單屬人壽保險計劃, 但由於身故賠償與閣下所選投資選項之相關基金 / 資產的表現掛鈎, 因此身故賠償額會受投資風險及市場波動所影響 最終獲得的身故賠償額或會遠低於閣下已付的供款, 並可能不足以應付閣下的個人需要 本產品有哪些主要風險? 投資涉及風險 請參閱產品銷售說明書, 了解包括風險因素等資料 信貸風險及無力償債風險 - 本產品是由宏利發出的保單, 因此閣下的投資受宏利的信貸風險所影響 本產品所提供的投資選項在產品特點或風險方面或會有很大的差異, 部分投資選項可能涉及高風險 請參閱產品銷售說明書及相關基金的銷售文件了解詳情 提早退保或提取款項的費用 - 本投資壽險保單是為長線投資而設, 閣下若提早退保或提取款項, 或會損失大筆本金及 / 或獎賞 如相關基金 / 資產表現欠佳, 或會進一步擴大投資虧損, 而一切費用及收費仍可被扣除 市場風險 - 本投資壽險保單的回報取決於閣下所選的投資選項之相關基金 / 資產的表現, 閣下的投資本金可能會出現虧蝕 匯率風險 - 由於部分相關基金 / 資產與閣下的投資壽險保單或以不同的貨幣計值, 因此保單的投資回報可能涉及外匯風險 本產品有否提供保證? 本產品不設任何退還本金保證 閣下或無法取回全部已付供款, 並可能會蒙受投資虧損 3

53 宏利投資計劃 其他特點 周年獎賞 由第 6 個保單年度起, 在保單仍然生效的前提下, 於每個保單年度終結時 ( 獎賞日 ) 將釐定周年獎賞, 並以分配投資選項名義單位的方式將周年獎賞存入投資壽險保單 高達 1.0% 的獎賞比率是按層級適用於合資格獲得獎賞的平均保單價值, 並用作計算周年獎賞 適用於周年獎賞的合資格平均保單價值, 是獎賞日之前的 12 個保單月份完結時 ( 包括獎賞日當天 ) 的合資格獲得獎賞的保單價值總和, 再除以 12 後得出 在釐定合資格獲得獎賞的保單價值總和時, 不足 61 個月的認購所佔的保單價值並不計算在內 若平均保單價值低至 20,000 美元或以下, 將不獲發放獎賞 鑑於獎賞比率及獎賞金額均按保單價值而釐定, 任何提取部分款項交易均會減少將存入保單的相關周年獎賞 有關周年獎賞之計算詳情及示例, 請參閱產品銷售說明書 - 產品說明書第 3.2 節 本產品涉及哪些費用及收費? 宏利保留權利, 藉事先給予不少於一個月的書面通知或符合相關監管規定的其他通知期而更改下列費用及收費及 / 或施加新費用及收費 計劃層面 現時收費水平 如何收取 / 扣除? 帳戶維持費 每年投資選項的資產淨值的 1.2% 從投資選項之資產淨值中扣 除, 按日累計, 並反映在單位 墊支費用 每年不多於投資選項資產淨值的 0.03% 化投資選項的單位價格或非單 墊支費用即計劃及投資選項層面運作所引起的各項實際開支, 包括但不限於核數師 律師及其他顧問費用, 刊登單位價格 印刷和派發銷售文件 報告 通告 報表及通訊費用 交易費用 會計及估值 稅項以及其他合理墊支費用 # 位化投資選項的宣佈淨利息內 轉換費 現時沒有 4

54 宏利投資計劃 本產品涉及哪些費用及收費?( 續 ) 計劃層面 ( 續 ) 提早贖回費 現時收費水平 按因提取部分款項或保單退保而從保單贖回的金額之一定百分比收取的費用 認購年期不足 佔贖回金額百分比 1 年 6% 2 年 5% 3 年 4% 4 年 3% 5 年 2% 達到或超過 5 年的認購無須支付提早贖回費 年期由每次認購的實際日期起計算 提早贖回費會首先適用於最早的認購 ( 即 先進先出 基準 ) 轉換投資選項不會影響認購年期 如何收取 / 扣除? 提取部分款項或保單退保的淨金額會從因提取部分款項或保單退保的贖回金額扣除提早贖回費後, 才繳付給保單持有人 # 現時並沒有非單位化投資選項 投資選項層面 管理費 現時收費水平 按各投資選項而異, 每年介乎投資選項資產淨值的 0.5% 至 2.1% 管理費由以下項目組成 : (i) 由相關基金經理收取的管理費用, 並反映在相關基金的單位價格中 ; 以及 (ii) 由宏利收取的管理費 如何收取 / 扣除? 從投資選項之資產淨值中扣除, 按日累計, 並反映在單位化投資選項的單位價格或非單位化投資 # 選項的宣佈淨利息內 # 現時並沒有非單位化投資選項 有關上述費用及收費詳情, 請參閱宏利投資計劃的產品銷售說明書 - 產品說明書之 費用及收費 章節 ( 第 1 6 至 1 8 頁 ) 相關基金層面請, 閣下所選投資選項的相關基金或會另行徵收業績表現費 買賣差價 墊支費用及 / 或其他雜項費用及收費 閣下不需直接繳付這些費用及收費, 因為費用及收費會自動扣減, 而相關基金的單位價格會反映扣減金額 詳情請參閱相關基金的銷售文件 宏利會應要求提供該等文件 贖回中國市場投資選項名義單位需繳付退出費, 退出費乃相應的相關基金所徵收的贖回費 有關退出費之詳情, 請參閱相關基金的銷售文件 5

55 宏利投資計劃 若最後決定不投保, 須辦理哪些手續? 冷靜期 在冷靜期內, 投保人可取消已購買的保單, 取回原來的投資金額 ( 須按市值調整 ); 冷靜期為保單發出後 21 天內, 或向閣下或閣下的代表發出通知書後的 21 天內, 以較先者為準 通知書應說明保單已備妥, 並列明冷靜期的屆滿日期 請參閱香港保險業聯會就冷靜期權益不時發出的最新指引 閣下須以書面知會宏利有關取消保單的決定 該通知必須由閣下簽署及直接送達香港九龍觀塘偉業街 號宏利金融中心 22 樓宏利行政部 閣下可取回已付金額, 但若閣下所選的投資選項的價值下跌, 可取回的金額將會減少 保險公司資料 宏利人壽保險 ( 國際 ) 有限公司於百慕達註冊成立之有限責任公司 地址 : 香港九龍觀塘偉業街 號宏利金融中心 22 樓 電話 :(852) 傳真 :(852) 網址 : 重要提示 宏利受到保險業監督的審慎規管 但保險業監督不會認可個別保險產品, 包括本概要所述的宏利投資計劃 閣下如有疑問, 應諮詢專業意見 證監會對本概要的內容並不承擔任何責任, 對其準確性或完整性亦不作出任何陳述 6

56 PRODUCT KEY FACTS Manulife Investment Plus October 2016 Quick facts This statement provides you with key information about this product. This statement is a part of the offering document. You should not invest in this product based on this statement alone. Name of insurance company: Manulife (International) Limited ( Manulife ) Policy currency: USD Single or regular premium and regular premium frequency: Single premium Subsequent lump-sum premium (optional) Regular premium (optional) - The subscription frequency can be monthly, quarterly, semiannually and annually Minimum premium: For initial subscription (single premium) : US$6,000 per policy; and US$1,500 per investment choice For subsequent lump-sum subscription (if applicable): US$1,500 per policy; and US$250 per investment choice For regular subscription (if applicable) : US$500 per regular subscription per policy; and US$250 per regular subscription per investment choice Minimum premium payment term: Period with surrender charge: Governing Law of policy: Not Applicable Applicable in the first 5 years, since the actual date of each subscription Laws of the Hong Kong Special Administrative Region Maximum premium: For the aggregate of initial subscription (single premium) and subsequent lump-sum subscription (if applicable): US$ 1,250,000 per life insured* For regular subscription (if applicable): US$15,000 per life insured* for monthly subscription; or US$45,000 per life insured* for quarterly subscription; or US$90,000 per life insured* for semiannual subscription; or US$180,000 per life insured* for annual subscription * The maximum premium is applicable to the aggregate of all Manulife Investment Plus policies with the same life insured. Death benefit: 105% of the policy value* as at the date of death claim submission which is a dealing day or if that day is not a dealing day, the first dealing day immediately after that day. If the life insured commits suicide whether sane or insane, Manulife s only liability will be limited to 100% of the policy value, attributable to the subscription made in the twelve months immediately prior to the suicide ( 12-month Period ) and 105% of the policy value attributable to the subscription made prior to the 12-month Period. * Policy value means the sum of the account values of the investment choices under your policy. Please refer to section 2 of Principal Brochure Product Brochure for detailed definition. 7

57 Manulife Investment Plus Important 1. This investment-linked assurance scheme (the ILAS policy or the Plan ) is a long-term investment-cum-life insurance product. It is only suitable for investors who: understand that the principal will be at risk; and have both investment and estate planning objectives as it is a packaged product that includes both investment and insurance element with death benefits payable to third party beneficiaries. 2. This ILAS policy is not suitable for investors with short- or medium- term liquidity needs. 3. Fees and charges Up to 27.5% of your premium paid, after taking into account of non-discretionary annual bonus, will be paid to Manulife to cover all the fees and charges at the ILAS policy level and investment choice level (excluding the management fee charged by the underlying fund manager), of which 0% is the cost of insurance protection, and this will reduce the amount available for investment. Please note that the above figures are calculated based on the following assumptions: (a) the payment of single premium of US$129,000 (equivalent to HK$1,000,000, rounded to nearest thousand, at an exchange rate of US$1 to HK$7.75); (b) you hold your ILAS policy for 20 policy years; (c) an assumed rate of return of 3% per annum throughout 20 years; (d) there is no early withdrawal / termination of your ILAS policy. You must understand that these ILAS level charges are on top of, and in addition to, the underlying funds level charges. The above figures do not take into account any early surrender / withdrawal charges. The above percentage of your premiums for covering the total fees and charges are calculated based on the assumptions above for illustrative purposes. The actual percentage may change depending on individual circumstances of each case, and will be significantly higher if the premium amount is lower. 4. Long-term features Early surrender / withdrawal charges: (a) There will be an early redemption fee of up to 6% of the redemption amount in case of partial withdrawal or policy surrender within the first 5 years of each subscription made. You may also lose your entitlement to the annual bonus. Annual bonus: (b) You will be entitled to annual bonus if you keep the ILAS policy for 6 years and the average policy value (excluding policy value attributable to the subscription aged less than sixty one months) is greater than US$20,000, subject to the terms and conditions as set out in section 3.2 of Principal Brochure Product Brochure. The annual bonus is calculated on a tiered basis and the bonus rates, which are applied to the average policy value eligible for bonus, are set out in the table below. Average policy value eligible for the bonus Bonus rate to be applied to the respective tier amount The first tier from US$1 to US$20, % The second tier from US$20,001 to US$50, % The third tier from US$50,001 to US$100, % The remainder above US$100, % 8

58 Manulife Investment Plus 5. Intermediaries remuneration Although you may pay nothing directly to the intermediary who sells/distributes this ILAS policy to you, your intermediary will receive remuneration which, in effect, will be borne out of the charges you pay. Your intermediary should disclose to you in writing at the point-of-sale information about intermediary remuneration. The amount of remuneration actually receivable by your intermediary may vary from year to year and may be higher in the early policy years. You should ask your intermediary before taking up your ILAS policy to know more about the remuneration that your intermediary will receive in respect of your ILAS policy. If you ask, your intermediary should disclose the requested information to you. What is this product and how does it work? This product is an investment-linked assurance scheme. It is a life insurance policy issued by Manulife. This is not a fund authorised by the Securities and Futures Commission ( SFC ) pursuant to the Code on Unit Trusts and Mutual Funds ( UT Code ). The premiums you pay, after deduction of any applicable fees and charges of your ILAS policy, will be invested by Manulife in the underlying funds/assets linked to your selected investment choices (see below) and will accordingly go towards accretion of the value of your ILAS policy. Your ILAS policy value will be calculated by Manulife based on the performance of the underlying funds/assets linked to your selected investment choices from time to time and the ongoing fees and charges which will continue to be deducted from your ILAS policy value. Note, however, that all premiums you pay towards your ILAS policy, and any investments made by Manulife in the underlying funds/assets you selected, will become and remain the assets of Manulife. You do not have any rights or ownership over any of those assets. Your recourse is against Manulife only. Due to the various fees and charges levied by Manulife on your ILAS policy, the return on your ILAS policy as a whole may be lower than the return of the underlying funds/assets linked to your selected investment choices. Please see pages 10 to 12 for details of the fees and charges payable by you. Underlying funds/assets linked to investment choices available for selection are the funds listed in the Investment Choice Brochure. These may include funds authorised by the SFC pursuant to the UT Code, but may also include other portfolios internally managed by Manulife on a discretionary basis not authorised by the SFC under the UT Code. Although your ILAS policy is a life insurance policy, because your death benefit is linked to the performance of the underlying funds/assets linked to the investment choices you selected from time to time, your death benefit is subject to investment risks and market fluctuations. The death benefit payable may be significantly less than your premiums paid and may not be sufficient for your individual needs. What are the key risks? Investment involves risks. to the Principal Brochure for details including the risk factors. Credit and insolvency risks - This product is an insurance policy issued by Manulife. Your investments are subject to the credit risks of Manulife. The investment choices available under this product can have very different features and risk profiles. Some may be of high risk. Please read the principal brochure and the offering documents of the underlying funds involved for details. Early surrender / withdrawal penalty - This ILAS policy is designed to be held for a long term period. Early surrender or withdrawal of the policy may result in a significant loss of principal and/or bonuses awarded. Poor performance of the underlying funds/assets may further magnify your investment losses, while all fees and charges are still deductible. Market risks - Return of this ILAS policy is contingent upon the performance of the underlying funds/assets linked to your selected investment choices and therefore there is a risk of capital loss. Foreign exchange risks - The investment returns of your ILAS policy may be subject to foreign exchange risks as some of the underlying funds/assets may be denominated in a currency which is different from that of your ILAS policy. 9

59 Manulife Investment Plus Is there any guarantee? This product does not have any guarantee of the repayment of principal. You may not get back the full amount of premium you pay and may suffer investment losses. Other features Annual Bonus Starting from the sixth policy year, an annual bonus will be determined at the end of each policy year ( bonus date ) and credited to the ILAS policy by allocation of notional units of investment choice(s) provided that the policy is in force. Prescribed bonus rates up to 1.0% are applied to the average policy value eligible for bonus on a tiered basis for the calculation of the annual bonus. The average policy value eligible for the bonus is the sum of the policy value eligible for the bonus as at the end of 12 policy months preceding and including the bonus date and then divided by 12. The policy value attributable to the subscriptions aged less than sixty one months are excluded when determining the sum of policy values eligible for bonus. No bonus will be paid if the average policy value drops to US$ 20,000 or below. Given the bonus rate and bonus amount are determined by the policy value, any partial withdrawal will reduce any applicable annual bonus to be credited to the policy. to section 3.2 of the Principal Brochure Product Brochure for details and illustrative examples of the annual bonus calculation. What are the fees and charges? Manulife reserves the right to vary the below fees and charges and/or impose new fees and charges with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Plan level Account maintenance fee Out-of-pocket expense Current rate 1.2% per annum of the net asset value of the investment choice(s). Up to 0.03% per annum of the net asset value of the investment choice(s). Out-of-pocket expenses are actual expenses incurred for the operations at the Plan and investment choice levels, which include but not limited to, the fees of audit, legal and other advisers, the costs of unit price publishing, printing and distributing offering document, reports, notices, statements and newsletters, transaction costs, accounting and valuation, taxes and other reasonable out-of-pocket expenses. How is it charged / deducted? Daily accrued from the net asset value of the investment choice(s) and reflected in the unit price of unitized investment choice(s) or net interest declared for non-unitized investment choice(s) #. Switching fee Currently nil 10

60 Manulife Investment Plus What are the fees and charges? (Continued) Plan level (Continued) Current rate How is it charged / deducted? Early redemption fee Charge as a percentage of the redemption amount due to partial withdrawal or surrender of the policy. Subscription of Percentage of less than redemption amount 1 year 6% 2 years 5% 3 years 4% 4 years 3% 5 years 2% Early redemption fee does not apply to subscription made for 5 years or more. Years will be measured from the actual date of each subscription. Early redemption fee will be applied to the earliest subscription first (first-in-first-out basis). Switching will not affect the age of the subscription. Deducted from the redemption amount due to partial withdrawal/ policy surrender before the partial withdrawal/policy surrender proceeds is paid to the policyowner. # Currently, there is no non-unitized investment choice. Investment Choice level Fee Current rate Varies with each investment choice ranging between 0.5% and 2.1% per annum of the net asset value of the investment choice. fee comprises the following: (i) management fee charged by the underlying fund manager, which is also reflected in the unit price of the underlying fund; and (ii) management fee charged by Manulife. How is it charged / deducted? Daily accrued from the net asset value of the investment choice(s) and reflected in the unit price of unitized investment choice(s) or net interest declared for non-unitized investment choice(s) #. # Currently, there is no non-unitized investment choice. to the Fees and Charges section (pages 17 to 19) of the Principal Brochure - Product Brochure of Manulife Investment Plus for details of the fees and charges. 11

61 Manulife Investment Plus What are the fees and charges? (Continued) Underlying fund level You should note that the underlying funds of the investment choices may have separate fees and charges on performance fee, bid-offer spread, out-of-pocket expenses, and/or other miscellaneous fees and charges. You do not pay these fees and charges directly. The fees and charges will be deducted and reflected in the unit price of the underlying funds. For details, please refer to the offering documents of the underlying funds, which are available by Manulife upon request. Redemption of notional units in the China Market Investment Choices are subject to an exit fee, which is the redemption charge levied by the relevant underlying funds. to offering document of corresponding underlying funds for details of exit fee. What if you change your mind? Cooling-off period Cooling-off period is a period during which life insurance policyowners may cancel their policies and get back their original investments (subject to market value adjustment) within the earlier of 21 days after the delivery of the policy or issue of a notice to you or your representative. Such notice should inform you of the availability of the policy and expiry date of the cooling-off period. to the cooling-off initiative issued by the Hong Kong Federation of Insurers from time to time for reference. You have to tell Manulife by giving a written notice to Manulife. Such notice must be signed by you and received directly by the Administration Office of Manulife at 22/F, Manulife Financial Centre, Wai Yip Street, Kwun Tong, Kowloon, Hong Kong. You may get back the amount you paid, or less if the value of the investment choices chosen has gone down. Insurance company s information Manulife (International) Limited Incorporated in Bermuda with limited liability Address: 22/F, Manulife Financial Centre, Wai Yip Street, Kwun Tong, Kowloon, Hong Kong Phone: (852) Fax: (852) Web Site: Important notes Manulife is subject to the prudential regulation of the Insurance Authority. However, the Insurance Authority does not give approval to individual insurance products, including Manulife Investment Plus referred to in this statement. If you are in doubt, you should seek professional advice. The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. MKT S199 (10/2016) 12

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63 重要事項 : 1. 宏利投資計劃 ( 本計劃 ) 作為與投資相連的人壽保險計劃, 是一份由宏利人壽保險 ( 國際 ) 有限公司 ( 宏利 ) 所發出的保險保單 因此, 閣下於本計劃中的投資需承受宏利的信貸風險 2. 本計劃所提供的各個投資選項的特點及風險狀況或會有很大差異, 部分可能涉及高風險 詳情請參閱本計劃的銷售文件及所涉相關基金的銷售文件 3. 閣下的投資回報是由宏利參照相關基金 / 資產的表現而計算或釐定 4. 閣下的投資回報或會因本計劃所收取的費用及收費而遜於相應的證監會認可基金的回報 5. 閣下就保單所支付的保費將成為宏利資產的一部分 閣下對任何該等資產均沒有任何權利或擁有權 閣下只對宏利有追索權 6. 提早退保 從保單價值提取部分款項或會導致損失大筆本金及 / 或將派發的獎賞 如相關基金 / 資產表現欠佳, 或會進一步擴大投資虧損, 而一切費用及收費仍將被扣除 7. 部分投資選項是參照宏利酌情決定內部管理但未根據 單位信託及互惠基金守則 獲證監會認可的資產組合的表現計算回報 8. 投資涉及風險 除非閣下對本計劃有充份了解, 並已就本計劃如何適合閣下需要得到詳細說明, 否則閣下不應作出認購 最終決定由閣下自行作出 9. 請以下有關本計劃下可供認購的 宏利智富中國 A 股基金 及 宏利智富中國債券基金 ( 統稱 中國市場投資選項 ) 兩個投資選項的事項 兩者因相關基金使用美元合格境外機構投資者 ( QFII ) 額度主要投資於中國內地的相關證券, 而僅以美元計價, 而不是以人民幣計價 ; 兩者只在限額的範圍內接受申請 ; 兩者因受相關基金的 QFII 投資之限制及要求, 包括匯回限制, 而受贖回限制及結算限制所規限 ; 因 QFII 制度下現有的交易安排和相關基金的贖回限制, 中國市場投資選項將需要較長時間作出贖回 於每個交易日內任何未執行的贖回申請將轉至下個交易日 保單持有人或會因市場價值變動及人民幣匯率風險等因素, 而收到與其期望不同的贖回金額 ; 除產品銷售說明書所載目前適用於本計劃之費用及收費 ( 包括提早贖回費 ) 外, 兩者亦均需支付附錄第 11 節所列載之退出費 與本計劃的其他投資選項不同, 保單冷靜期內如取消或終止保單 轉出 提取部分款項或保單退保, 均須從贖回金額中扣除中國市場投資選項之退出費 ; 就兩者所已繳保費均可用作計算周年獎賞, 惟就分配至本保單之周年獎賞並不會分配至任何中國市場投資選項的名義單位 倘保單只有任何中國市場投資選項及 / 或任何其他非供認購的投資選項之名義單位, 則本保單有關之周年獎賞將加入宏利智富東方匯理現金基金之帳戶價值 ; 持有中國市場投資選項名義單位的保單持有人應, 兩者只可轉出至宏利智富東方匯理現金基金 惟現時並不允許轉入至中國市場投資選項 ; 及 兩者皆承受貨幣風險, 因其相關基金涉及多種貨幣兌換 本產品銷售說明書連同中國市場投資選項相應之相關基金產品資料概要一併派發 慎重建議閣下一併參閱本產品銷售說明書及相關基金的產品資料概要 宏利可應閣下要求提供中國市場投資選項相應之相關基金的銷售文件 謹此建議閣下閱讀該等文件以了解相關基金的特徵及其所涉及之風險 10. 閣下應閱讀本計劃和相關基金的銷售文件, 宏利可應閣下要求提供該等銷售文件 1

64 事項 : 本計劃的產品銷售說明書包括本 產品銷售說明書 產品說明書 ( 產品說明書 ) 及 產品銷售說明書 投資選項 手冊 ( 投資選項手冊 ) 本產品說明書於二零一六年六月刊印 本產品銷售說明書並非保單合約 有關本計劃之確切條款及細則, 請參閱保單條款 當簽發保單時, 閣下將會收到宏利發出的保單條款 宏利亦會按閣下要求 ( 例如親臨宏利辦事處作出有關要求, 其地址列在第 8.10 分節中 ) 免費提供保單條款樣本 本計劃的銷售文件由本計劃的產品銷售說明書和產品資料概要組成, 該等文件應一併發出和閱讀 本計劃由宏利發行, 宏利會就銷售文件截至印製日期為止所載資料的準確性負上全部責任, 並確認在作出一切合理查詢後, 盡其所知所信, 銷售文件內並無遺漏足以令此文件內的任何聲明具誤導成分的其他事實 本計劃已獲香港證券及期貨事務監察委員會 ( 證監會 ) 認可, 惟此認可並不等如對本計劃作出推介或認許, 亦不是對本計劃的商業價值或表現作出保證, 更不意味著本計劃適合所有投資者, 或認許本計劃適合任何個別投資者或任何類別的投資者 證監會對銷售文件的內容概不負責, 對其準確性或完整性亦不作出任何申述, 並且明確表示, 因銷售文件全部或部分內容而產生或因依賴這些內容而引致的任何損失, 證監會概不承擔任何責任 除另有界定外, 在英文版本中大寫的詞彙的定義應與本產品說明書第 2 節相同 有關各個在英文版本中大寫之定義詞 的定義, 請參閱該節 2

65 目錄 1. 簡介 4 2. 定義 5 3. 本計劃的主要特點 人壽保障 周年獎賞 認購 保單退保及提取部分款項 轉換 投資選項 交易及估值 交易日 投資選項分配 贖回 轉換 贖回及轉出限制 釐定資產淨值 發行價及贖回價 暫停交易 費用及收費 終止保單 一般資料 客戶通訊 冷靜期 身故賠償索償程序 付款 付款選擇方式 稅項 稅務合規 第三者權利 管轄法律 相關各方 附錄 - 宏利智富中國 A 股基金 及 宏利智富中國債券基金 ( 統稱 中國市場投資選項 ) 的特點及具體運作 23 3

66 1 簡介 宏利投資計劃 ( 本計劃 ) 乃宏利所發出的一項與投資有關的人壽保險保單, 屬於 保險公司條例 ( 保險公司條例 ) 所規定的類別 C 的相連長期業務 宏利已被獲准根據 保險公司條例 在香港經營屬類別 C 的相連長期業務 受保人或保單持有人於申請投保本計劃時的最低投保年齡為 18 歲, 而受保人或保單持有人於申請投保本計劃時的最高投保年齡為 60 歲 本計劃為保單持有人提供一系列的投資選項 保單價值乃由宏利參考保單持有人不時選擇的投資選項之相關基金及 / 或資產的表現而計算或釐定 保單價值是保單持有人所選的所有投資選項的帳戶價值的總和 宏利會根據以下第 5 節所述資料對投資選項進行交易及估值 以遵守第 3.5 節所列要求為前提, 保單持有人可轉換本計劃下的投資選項 投資選項的回報可升亦可跌 各投資選項皆有其投資目標及相關風險 有關各投資選項的投資目標及政策 風險因素以及借款及投資限制的詳情, 請參閱 投資選項手冊 及相關基金的銷售文件 根據保單持有人所選擇的投資選項, 宏利會將保單持有人繳付的所有保費, 在扣除任何適用的銀行費用及兌換投資選項的基準貨幣而涉及的費用後, 全數認購相應的相關基金 / 資產, 由宏利進行資產負債管理並把所選投資選項的名義單位分配到有關保單內 上述分配到有關保單內的投資選項單位只是名義單位, 並只作釐定保單價值之用 各投資選項旗下的相關基金 / 資產皆屬宏利所擁有, 保單持有人對投資選項旗下的相關基金 / 資產並無任何權利或擁有權, 故此保單持有人需承受宏利的信貸風險 本保單以美元計值 有關各投資選項的基準貨幣, 請參閱 投資選項手冊 4

67 2 定義 單位化投資選項於任何一日的 帳戶價值 指該單位化投資選項於交易日 ( 若該日並非交易日則為緊接該日的首個交易日 ) 的贖回價乘以持有該投資選項名義單位的數目 非單位化投資選項的 帳戶價值 為包括直至該刻淨利息在內的帳戶結餘 保單周年日 指保單生效日期以後每年的同一日 如曆年內並無相關日子, 保單周年日將為該曆月之最後一日 中國市場投資選項 指產品銷售說明書中指明的 宏利智富中國 A 股基金 及 / 或 宏利智富中國債券基金 退出費 指中國市場投資選項所徵收的費用, 凡於保單冷靜期內取消或終止保單 轉出 提取部分款項或保單退保的情況下, 所贖回金額中均會被扣除退出費 現行退出費的詳情列於附錄第 11 節 投資選項 指宏利在本計劃下不時設立 提供及 / 或維持, 以供認購的投資選項 單位化投資選項的 發行價 指根據本產品說明書第 5.6 節所計算發行該投資選項的名義單位之價格 保單月結日 指保單生效日期以後每個月的同一日 如曆月內並無相關日子, 保單月結日將為該曆月之最後一日 保單月份 指由保單生效日期或保單月結日起的一個月期間 保單價值 為保單持有人的保單內全部投資選項的帳戶價值的總和 保單生效日期 指本保單所示首個保單年度的第一日 單位化投資選項的 贖回價 指根據本產品說明書第 5.6 節所列計算贖回該投資選項的名義單位之價格 5

68 3 本計劃的主要特點 3.1 人壽保障 受保人的人壽保障將於宏利批核有關身故索償申請後支付, 賠償金額相等於提交身故索償申請當日 ( 該日需為交易日, 若該日並非交易日, 則為緊接該日的首個交易日 ) 保單價值的 105% 保單下投資選項的所有單位 / 金額均將於提交身故索償申請當日 ( 該日需為交易日, 若該日並非交易日則為緊接該日的首個交易日 ) 贖回 宏利在計算身故賠償時並不會徵收提早贖回費及退出費 ( 如有 ) 倘受保人自殺 ( 不論是否在精神健全的情況下 ), 則宏利所承擔的責任僅限於在緊接自殺前 12 個月 ( 12 個月期間 ) 內所作的認購所佔的保單價值的 100% 和在 12 個月期間之前所作的認購所佔的保單價值的 105% 請, 鑒於人壽保障金額與由宏利相對於投資選項之相關基金及 / 或資產的表現而計算或釐定的保單價值掛鈎, 因此人壽保障金額會受投資風險及波動所影響 最終獲得的人壽保障金額或會遠低於閣下已付的保費, 並可能不足以應付閣下的個別需要 合資格獲得獎賞的平均保單價值 適用於各層級金額的獎賞比率 第一級由 1 美元至 20,000 美元內之金額 0.0% 第二級由 20,001 美元至 50,000 美元內之金額 第三級由 50,001 美元至 100,000 美元內之金額 0.5% 0.7% 餘下 100,000 美元以上之金額 1.0% 獎賞金額將按存入相關獎賞之日仍接受認購的每個投資選項的帳户價值之比例分配相應的投資選項名義單位 如保單內仍接受認購的投資選項並沒有帳戶價值, 獎賞總額將認購宏利智富東方匯理現金基金 3.2 周年獎賞 由第 6 個保單年度起, 在保單仍然生效的前提下, 於每個保單年度終結時 ( 獎賞日 ) 將釐定周年獎賞, 並以分配投資選項名義單位的方式將周年獎賞存入保單 下表列出的獎賞比率按層級適用於合資格獲得獎賞的平均保單價值並以計算周年獎賞 適用於周年獎賞的合資格平均保單價值, 是獎賞日之前的 12 個保單月份完結時 ( 包括獎賞日當天 ) 的合資格獲得獎賞的保單價值總和再除以 12 後得出 在釐定合資格獲得獎賞的保單價值總和時, 不足 61 個月的認購所佔的保單價值並不計算在內 6

69 重要事項 : 鑑於獎賞比率及獎賞金額均按保單價值而釐定, 任何提取部分款項交易均會減少將存入保單的相關周年獎賞 獎賞比率並不代表保單持有人之投資的回報率或業績表現 保單內同一投資選項如有多於一宗認購交易, 將以先入先出的方式就投資選項的最先認購交易提取部分款項, 而當平均保單價值低至 20,000 美元或以下時 ( 相應的獎賞比率是 0.0%), 便可能立即失去享有周年獎賞的權利 周年獎賞存入保單時保單需仍然生效 直至周年獎賞在保單年度終結時存入保單持有人的保單內, 保單持有人才享有周年獎賞 因此, 如保單持有人辦理退保或因受保人身故或其他原因而令保單終止, 保單持有人將失去日後將存入的所有周年獎賞 周年獎賞構成保單價值的一部分, 因此將被徵收列於第 6 節的費用和收費 但提早贖回費並不適用於周年獎賞 就中國市場投資選項已繳的保費均用作計算周年獎賞, 惟就分配至本保單之周年獎賞並不會分配至任何中國市場投資選項的名義單位 詳情請參閱附錄第 4 節 7

70 以下為一個假設例子, 僅供說明之用, 旨在表明如何計算周年獎賞 保單簽發時首次認購 第 7 個保單月開始時再作認購 90,000 美元 20,000 美元 再無其他認購或提取部分款項之交易 截至第 61 個保單月完結的保單價值為 138,000 美元, 詳情分列如下 : 截至第 61 個保單月完結的保單價值 ( 美元 ) 因應首次認購 (61 個月前作出 ) 112,000 因應第二次認購 (55 個月前作出 ) 26,000 總額 138,000 周年獎賞乃根據過去 12 個月的保單價值而計算 : 各保單月份完結時 保單價值美元 (A) 不足 61 個月的認購所佔的保單價值美元 (B) 合資格獲得周年獎賞的保單價值美元 (A) - (B) 第 60 個月及之前 周年獎賞並不適用 第 61 個月 138,000 26, ,000 第 62 個月 139,000 24, ,400 第 63 個月 130,000 25, ,100 第 64 個月 123,580 24,200 99,380 第 65 個月 131,000 27, ,700 第 66 個月 135,000 28, ,000 第 67 個月 141,000 0* 141,000 第 68 個月 140, ,000 第 69 個月 146, ,000 第 70 個月 155, ,000 第 71 個月 150, ,500 第 72 個月 151, ,000 截至第 6 個保單年度終結時 過去 12 個月合資格獲得周年獎賞的保單價值總和 (C) 1,524,080 合資格獲得周年獎賞的平均保單價值 (D) = (C) / ,007** * 截至第 67 個保單月份完結時, 所有認購的年期均已達到或超過 61 個月 第 6 個保單年度終結時存入保單的周年獎賞為 770 美元, 計算方法如下 : 周年獎賞計算方法 ( 美元 ) 合資格獲得周年獎賞的平均保單價值 ( 美元 ) 周年獎賞 ( 美元 ) 第一級 (0.0%) 20,000 0 第二級 (0.5%) 30, 第三級 (0.7%) 50, 餘額 (1.0%) 27,007** 270** 總額 127,007** 770** ** 數字被調整為最接近的整數 8

71 3.3 認購 宏利須接獲以下各項後, 方辦理投資選項名義單位的認購 : (i) 有效的認購申請 : 宏利的行政辦事處就相關認購接獲按以下各段所述的手續提出的有關認購申請的清晰指示 ; 以及 (ii) 已結算妥當的認購款項 申請人在首次認購時須遞交已填妥和簽署的投保申請書及已結算妥當的認購款項連同所有必要文件 本計劃每份保單的首次認購最低金額為 6,000 美元或其等值港元及每項投資選項則為 1,500 美元或其等值港元 保單持有人其後亦可選擇作出後續整筆認購, 惟須遞交已填妥和簽署並註明認購分配資料的投資選項服務申請表以及認購所須支付的已結算妥當的款項以作申請 每份保單的後續整筆認購之最低金額為 1,500 美元或其等值港元及每項投資選項則為 250 美元或其等值港元 首次認購以及後續整筆認購的最高累積總額為每名受保人 1,250,000 美元 如受保人在本計劃下向宏利投保超過一份保單, 該限額將適用於在所有此等保單下進行的首次及後續整筆認購的總額 保單持有人亦可選擇以銀行自動轉帳方式定期認購投資選項 認購模式分為每月 每季 每半年或每年 申請人可於首次認購時透過遞交已填妥和簽署的投保申請書和直接付款授權書連同所有必要文件的方式提出有關申請, 就後續申請或更改而言, 則可透過提交已填妥和簽署的投資選項服務申請表和直接付款授權書連同所有必要文件的方式提出有關申請 銀行自動轉帳手續一經辦妥, 宏利會向保單持有人發出確認通知書 每份保單透過銀行自動轉帳作定期認購的每次定期認購最低金額為 500 美元或其等值港元及每項投資選項的每次定期認購則為 250 美元或其等值港元 每名受保人的定期認購設有最高限額 : 每月認購為 15,000 美元, 每季認購為 45,000 美元, 每半年認購為 90,000 美元, 每年認購為 180,000 美元 如受保人在本計劃下向宏利投保超過一份保單, 該限額將適用於在所有此等保單下進行的定期認購的總額 保單持有人可選擇在任何時候停止任何自選的定期認購, 而不會引致任何費用及收費 當宏利的行政辦事處在任何一個交易日的下午 3 時或之前接獲有效之認購申請以及已結算妥當的認購款項, 宏利會於當日辦理首次認購及後續整筆認購, 但於第 5.7 節列明的暫停交易情況除外, 在該等情況下, 相關指令將於交易日恢復正常才執行 如有效認購申請在交易截止時間後才接獲, 該些認購申請則在下一個交易日內由宏利辦理 通過銀行自動轉帳進行的定期認購則在宏利從保單持有人之銀行收到認購款項後才辦理 宏利不會就認購申請當日至認購生效當日期間為認購金額向保單持有人支付任何利息 宏利可全權酌情於尚未接獲已結算妥當的認購款項時執行認購指示 保單持有人應確保認購款項已結算妥當並已支付給宏利, 以及認購申請之正本 ( 如適用 ) 已完整地交妥到宏利 宏利如未能在認購之日起 2 個營業日內全數收妥已結算妥當的認購款項或已填寫並簽署妥當的投保申請書正本連同所有必要文件, 宏利則有權取消任何認購 宏利並有權向保單持有人追討因取消認購而須變現已買入的資產所引致的任何損失 為確定按基準貨幣計算的認購金額, 宏利將按照宏利參考市場匯率而以商業上合理的方式誠信釐定的現行匯率計算認購款項 ( 如以港元支付 ) 的等值美元 由兌換美元引起之一切銀行費用及兌換成本可從認購款項中扣除, 而有關之已兌換美元的淨款項則作認購投資選項之用 申請人須以港元或美元支票或銀行匯票支付認購款項, 抬頭請寫 宏利人壽保險 ( 國際 ) 有限公司 隨後的定期認購可透過銀行自動轉帳方式支付 在受保人或保單持有人年滿 60 歲之最接近的保單周年日之後, 並不允許進行後續認購, 包括後續整筆認購及定期認購 宏利可更改最低或最高認購金額, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 9

72 3.4 保單退保及提取部分款項 保單持有人可透過贖回保單下投資選項的所有名義單位 / 金額的方式辦理保單退保 保單持有人亦可透過贖回保單下投資選項的部分名義單位 / 金額 的方式提取部分款項 提取部分款項須符合以下要求 :(i) 每保單的最低提款金額為 1,000 美元或其等值港元 ; 及 (ii) 投資選項的帳戶價值在緊接提取部分款項後需維持至少 1,500 美元 ; 及 (iii) 保單價值在緊接提取部分款項後需維持至少 5,000 美元 如未符合前述任何一項最低要求, 提取部分款項指示將不予處理, 但以下情況除外 :,(i) 提取部分款項金額是投資選項的全部帳戶價值及 (ii) 保單價值在緊接提取部分款項後仍滿足最低保單價值要求 宏利可更改最低提款金額 最低保單價值或最低帳戶價值要求, 並於不少於一個月或符合相關監管規定的其他通知期前以書面發出通知 宏利保留在保單持有人於申請過程中所提供之資料不充分或不符合宏利要求的情況下拒絕全部或部分認購申請的權利 若申請被拒, 宏利將於拒絕申請日起計 5 個營業日內將該申請的款項或餘額以支票退回予申請人, 但不會補付利息, 且退款引起之一切風險慨由申請人承擔 宏利可隨時停止接受任何投資選項名義單位的認購申請 宏利如欲停售某項投資選項, 宏利將於不少於一個月或符合相關監管規定的其他通知期前以書面通知保單持有人, 並且訂明有關當時認購即將停售之投資選項指示之安排 如保單持有人現時的認購分配指示涉及宏利即將停止接受認購的投資選項的任何分配, 保單持有人必須填妥由宏利提供的有關表格, 按照保單合約的規定更改其指示以剔除該投資選項 宏利如在投資選項停止接受認購通知書的限期屆滿前仍未接獲有關指示, 則宏利可按照有關通知書內所述安排並按宏利之決定作出認購, 就如同宏利已接獲保單持有人要求如此行事的指示一樣 有關認購為最終決定並對保單持有人具有約束力 提取部分款項或提早退保均須支付任何適用的提早贖回費, 其金額不多於因提取部分款項或提前辦理保單退保而贖回之金額的 6% 提取部分款項 / 保單退保的淨金額相等於贖回金額減去任何適用的提早贖回費 如於認購後首五年內提取部分款項 / 保單退保, 須繳交提早贖回費 而提早贖回費並不適用於周年獎賞 周年獎賞所佔某投資選項的帳戶價值會較該投資選項的其餘帳戶價值先被贖回 有關提早贖回費的詳情及其計算示例, 請參閱第 6 節 從保單價值提取部分款項或提早退保或會導致損失大筆本金及 / 或將派發的獎賞 如相關基金 / 資產表現欠佳, 或會進一步擴大投資虧損, 而一切費用及收費仍可被扣除 提取部分款項還將減少保單價值, 因此應支付的身故賠償和獎賞亦將減少 若保單價值降至零時, 保單便會終止 宏利可更改認購程序, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 10

73 如欲提取部分款項或辦理保單退保, 須填妥並簽署投資選項服務申請表, 並於交易日內香港時間下午 3 時前送達宏利的行政辦事處 如投資選項服務申請表在交易截止時間後才接獲, 該贖回則於下一個交易日內辦理 宏利亦會接受由其不時指定之其他方法所發出的提取部分款項 / 保單退保指示, 例如電子表格 有關贖回指示會於同一日內辦理, 但以下情況除外 :(1) 贖回在根據第 5.5 節的情況下被限制, 在此情况下未獲得贖回的要求將按相同的限制延遲至下一個交易日辦理, 而較其後的要求有優先權 ; 或 (2) 交易根據第 5.7 節的情況暫停, 在此情況下相關指令將延遲至恢復正常交易時執行 宏利在某一交易日接獲提取部分款項 / 保單退保申請的所需的全部文件, 且保單下投資選項的所有相關名義單位 / 金額均已在符合第 5.5 和 5.7 節所述限制之前提下贖回後, 會於 15 個營業日內支付提取部分款項 / 保單退保淨金額 因此, 保單持有人請, 如未有依照上述程序進行提取部分款項 / 保單退保, 提取部分款項 / 保單退保的淨金額或會延遲發放 在宏利無法控制的特殊情況下, 宏利可將付款期延長並在該等情況結束後在實際可行的情況下盡快付款 宏利不會就有關任何提取部分款項 / 保單退保要求生效當日至支付當日期間為贖回金額支付任何利息 宏利將會以港元或美元支票支付有關款項 如要求以港元支付提取部分款項 / 保單退保的淨金額, 宏利將按照宏利參考市場匯率而以商業上合理的方式誠信釐定的現行匯率計算淨金額的等值港元 由兌換港元引起之一切適用的銀行費用及兌換成本可能於提取部分款項 / 保單退保淨金額中扣除, 而有關港元淨餘額則會支付予保單持有人 宏利可以更改提取部分款項或保單退保程序, 並於不少一個月或符合相關監管規定的其他通知期前以書面通知保單持有人 3.5 轉換 保單持有人可在投資選項之間作出轉換 申請人須填妥及簽署投資選項服務申請表, 並於交易日內香港時間下午 3 時前送達宏利的行政辦事處 如投資選項服務申請表在交易截止時間後才接獲, 該轉換則在下一個交易日內由宏利辦理 宏利亦會接受由其不時指定之其他方法所發出的轉換指示, 例如電子表格 有關指示會於宏利收到填妥的投資選項服務申請表的同一日內辦理, 但以下情況除外 :(1) 轉換根據第 5.5 節的情況下被限制, 在此情况下未獲得轉換的要求將按相同的限制延遲至下一個交易日辦理, 而較其後的要求有優先權 ; 或 (2) 轉出投資選項交易及 / 或轉入投資選項的交易根據第 5.7 節的情況暫停, 在此情況下相關指令將延遲至恢復正常交易時執行 宏利不會就轉出交易及轉入交易期間為轉換金額支付任何利息 每次從一項投資選項轉換至另一項投資選項的最低轉換金額為 250 美元或其等值港元 宏利亦會接納低於最低轉換金額要求的轉換, 惟要求轉換的金額必須為轉出的投資選項的全數帳戶價值 宏利可更改最低轉換金額, 並於不少於一個月或符合相關監管規定的其他通知期前作出書面通知 轉出投資選項的帳戶價值在緊接每次轉換後需維持至少 1,500 美元 如轉出投資選項的帳戶價值餘額在轉換後少於該最低水平, 轉出指示將不予處理 宏利亦會接納不符合轉換之最低要求的轉換, 惟要求轉換的金額必須為轉出投資選項的全數帳戶價值 宏利可更改個別投資選項的帳戶價值之最低金額要求, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 保單持有人現時可免費轉換投資選項 惟宏利有權在給予不少於一個月的書面通知或符合有關監管要求的其他期限的通知後徵收轉換費 宏利可隨時終止允許轉換至任何投資選項, 並在合理及可行的情況下盡快通知保單持有人 宏利可更改轉換程序, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 11

74 4 投資選項 宏利可根據相關監管規定為本計劃設立單位化及非單位化投資選項 該些投資選項的相關投資可以是個別的證監會認可基金或由多隻證監會認可基金組成並由宏利內部管理的投資組合 宏利可不時全權酌情並在符合有關監管要求下為本計劃成立新的投資選項 宏利可在不少於一個月或符合相關監管規定的其他通知期前以書面通知客戶而作出以下安排 : i) 更改任何投資選項的投資目標及政策 ; ii) 終止任何投資選項 ; iii) 停止任何投資選項之任何新認購 ; 或 iv) 合併或分拆任何投資選項 5 交易及估值 5.1 交易日 5.2 投資選項分配 除中國市場投資選項外的投資選項交易日指在香港的銀行的任何一個營業日, 但下列日子除外 :(i) 星期六 ; 或 (ii) 交易暫停日 ; 或 (iii) 宏利因未能預料的事件而不時釐定的其他日子 非單位化投資選項及單位化投資選項的名義單位將於每個交易日估值或簽發 / 贖回 中國市場投資選項 單位化投資選項之名義單位或非單位化投資選項金額的分配乃根據適用的投資選項分配指示進行 所發行及分配的單位化投資選項的名義單位數量將按該投資選項的認購金額除以按第 5.6 節釐定的發行價而確定 所發行及分配的名義單位將調整至小數點後四位數 宏利可不時更改所發行單位的調整方式, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 調整後的任何結餘則屬於有關投資選項 非單位化投資選項的認購金額將加入該非單位化投資選項的帳戶價值內 中國市場投資選項的交易日的定義列於附錄第 2 節中 12

75 如轉入的投資選項是非單位化投資選項, 轉出單位化投資選項的名義單位應以相關轉出的投資選項之贖回價予以贖回, 而轉出金額在扣除任何適用的轉換費及 / 或退出費後將存入該非單位化投資選項的帳戶價值內 如轉出的投資選項是非單位化投資選項, 則需先從該非單位化投資選項中提取轉出金額, 並在扣除任何適用的轉換費後, 分配至相關轉入的單位化投資選項 所分配名義單位的數量是基於相關轉入的單位化投資選項的發行價確定 5.5 贖回及轉出限制 5.3 贖回 單位化投資選項的贖回金額, 將按贖回該投資選項名義單位數目乘以按第 5.6 節所定的贖回價而釐定 如要求為贖回某金額, 將被贖回的名義單位數目將按該投資選項要求贖回金額除以贖回價而釐定 贖回金額扣除適用的提早贖回費後, 贖回淨金額會支付給保單持有人 宏利保留限制一個交易日內投資選項名義單位的贖回及轉出為其資產淨值的 10% 的權利 關於釐定資產淨值的詳情, 請參閱第 5.6 節 此限制將按比例適用於在該交易日擬進行的所有贖回及轉出要求 未獲得贖回的要求將按相同的 10% 限制延遲至下一個交易日辦理, 而較其後的要求有優先權 中國市場投資選項須符合額外的贖回和轉出限制 詳情請參閱附錄第 8 節 贖回非單位化投資選項均需支付提早贖回費 其贖回金額將從該投資選項的帳戶價值中提取 截至在贖回時, 該投資選項的帳戶價值將包括最後付息日至贖回日期間所得的累算利息 5.4 轉換 投資選項的全部或部分帳戶價值均可轉換至任何其他投資 選項, 即贖回第一個投資選項的名義單位 / 金額, 並以贖 回金額認購第二個投資選項的名義單位 / 金額 如某一單位化投資選項的帳戶價值轉換至另一單位化投資選項, 則轉出的單位化投資選項名義單位的贖回將基於該相關轉出投資選項的贖回價進行, 而轉入單位化投資選項名義單位的認購將基於該相關轉入投資選項的發行價進行 任何適用的轉換費及 / 或退出費將會從轉出金額中扣除 發行價及贖回價均按照第 5.6 節予以釐定 13

76 5.6 釐定資產淨值 發行價及贖回價 單位化投資選項 每項單位化投資選項的相關投資及資產會於每個交易日估 值 單位化投資選項的資產淨值將按投資選項的相關投資 及資產總值減去投資選項應攤分的負債釐定 一般而言 : i) 掛牌的投資項目將按於估值時間當時或緊接估值時間 前的有關股票交易所或市場結束營業時有關投資項目 的最後可用掛牌交易價估值 估值時間將為估值當日 所有有關股票交易所或市場結束營業的時間 ; ii) 非掛牌投資項目將按最近期的重估價值進行評估, 但投 資項目如屬任何非掛牌證券, 且為貨幣市場工具, 而 宏利又按其酌情權決定該投資項目將於短期內到期, 則 其估值會根據買入投資當日按到期收益率計算的價值評 定, 然後按規定在餘下的持有期內攤銷估值 ; iii) 集合投資計劃按其每股資產淨值或每單位資產淨值或 按賣價 ( 如有多於一個報價 ) 估值 ; iv) 現金及存款按其面值估值 ; v) 期貨合約估值應按宏利以當時的市價訂立與開倉時數 量相同但方向相反的期貨合約為合約平倉時相關投資 選項的資產淨值在相關估值時所得的累計收益或虧損 金額 ( 視乎情況而定 ) 進行 ; vi) 如已同意購買投資項目, 則應包括該等投資項目, 但不 如在任何情況下某一價值無法按照上述方法確定, 又或如宏利認為其他估值方法就相關目的而言能更準確地反映有關證券或其他資產的公平價值, 則在此等情況下有關證券或其他資產的估值方法會由宏利絕對酌情決定 單位化投資選項的每名義單位資產淨值將按該投資選項的資產淨值除以已發行的名義單位數量計算 發行價和贖回價相等於在認購或贖回時 ( 視乎情況而定 ) 的每名義單位的資產淨值 每名義單位的資產淨值 發行價及贖回價將會調整至小數點後三位數 宏利可不時更改發行價或贖回價的調整方式, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 就估值而言, 在該交易日認購的單位化投資選項名義單位不會計入估值之內, 而於該交易日贖回的名義單位亦不作扣除 宏利可更改任何投資選項的估值方法及頻密程度, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 非單位化投資選項於釐定適用於非單位化投資選項的資產淨值之收費及費用時, 每個非單位化投資選項的資產淨值指相關保單其投資選項的帳戶價值 有關釐定每個非單位化投資選項的帳戶價值之詳情, 請參閱投資選項手冊附錄 包括其買入成本 ; 如已同意出售投資項目, 則不包括該等投資項目, 但應包括出售投資項目所得的款項 ; vii) 除非應計利息已計入掛牌價值, 否則任何投資工具所得的應計利息將計算至估值日 如掛牌證券的現價是除卻相關資產應得的股息 利息或其他權利, 惟倘該等股息 利息或與該等權利有關的財產或現金尚未收取且未計算在內, 則計算有關投資選項的資產淨值時應包括該等股息 利息 現金或財產 歸於投資選項的負債包括但不限於投資選項就相關資產收入所須繳納的任何稅項, 保單 計劃及投資選項運作中已累算或未付費用及支出, 以及任何尚未償還的借款和尚未向保單持有人償付的款項 14

77 5.7 暫停交易 在下列情況下, 宏利可在考慮保單持有人的利益後, 暫停任何投資選項名義單位的交易, 以及暫停釐定任何投資選項或其名義單位的資產淨值 發行價或贖回價 : i) 發生任何事情, 令投資選項的相關投資項目或資產無法正常處置 ; ii) 有關投資選項有相當部分的相關投資項目或資產在其中進行交易的任何證券市場休市或交易受到限制或暫停交易, 或者宏利用以釐定投資選項的資產淨值或確定投資 如決定暫停交易, 宏利將在切實可行的情況下盡快在刊登投資選項單位價格的報章公佈有關決定, 並會於暫停交易期間最少每個月公佈一次 暫停交易期結束後將恢復正常交易 任何於暫停交易期間提交或原定於暫停交易期間進行但尚未處理的交易 ( 包括但不限於費用扣減 認購 贖回及轉換 ) 將於恢復正常交易當日處理 選項的任何相關投資項目或資產的價值的任何工具出現故障 ; iii) 因任何其他理由, 宏利以商業上合理的方式誠信認為投資選項的相關投資項目或資產的價格不能得以釐定 ; iv) 宏利以商業上合理的方式誠信認為, 投資選項的相關投資項目或資產變現不可進行或會損害保單持有人的利益 ; 或 v) 一切就任何投資選項的相關投資項目或資產贖回或支付款項或者認購或贖回任何名義單位所涉及的資金匯款或調出受到延誤, 或宏利認為不能按合理價格或合理匯率進行 15

78 6 費用及收費 宏利保留權利, 藉事先給予不少於一個月的書面通知或符合相關監管規定的其他通知期而更改下列費用及收費及 / 或施加新的費用及收費 計劃層面上的費用及收費 : 費用及收費帳戶維持費墊支費用轉換費 現時費率每年投資選項的資產淨值的 1.2%; 從投資選項資產淨值中扣除, 按日累計 (*), 並反映 # 在單位化投資選項的單位價格內或非單位化投資選項所派發的淨利息內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 每年不多於投資選項資產淨值的 0.03%, 從投資選項資產淨值中扣除, 按日累計 (*), 並 # 反映在單位化投資選項的單位價格內或非單位化投資選項所派發的淨利息內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 墊支費用是計劃及投資選項運作所引起的其他各項實際開支, 包括但不限於核數師 律師及其他顧問費用, 以及刊登單位價格 印刷和派發銷售文件 報告 通告 報表及通訊費用 交易費用 會計及估值 稅項 以及其他合理墊支費用 現時沒有 按因提取部分款項或保單退保而贖回的金額的一定百分比收取的費用 認購年期不足 佔贖回金額百分比 1 年 6% 2 年 5% 3 年 4% 4 年 3% 提早贖回費 5 年 2% 達到或超過 5 年的認購毋須支付提早贖回費 年期由每次認購的實際日期起計算 提早贖回費會首先適用於最早的認購 ( 即 先進先出 基準 ) 轉換投資選項不會影響認購年期 故此先進先出基準亦適用於轉換交易 提取部分款項 / 保單退保的淨金額會從因在提取部分款項 / 保單退保的贖回金額扣除提早贖回費後, 繳付給保單持有人 提早贖回費並不適用於周年獎賞, 周年獎賞所佔某投資選項的帳戶價值會較該投資選項的其餘帳戶價值先被贖回 * 就中國市場投資選項而言, 帳戶維持費和墊支費用從中國市場投資選項的資產淨值中按月累計, 並反映在中國市場投資選項的單位價格內 # 現時並沒有非單位化投資選項 16

79 計劃層面上的費用及收費 : 以下為一個假設例子, 旨在表明如何計算提早贖回費並僅供說明之用 : 當簽發保單時, 就投資選項 A 繳付 70,000 美元作為認購金額 在第 24 個保單月份完結時, 從投資選項 A 將 40,000 美元轉換至投資選項 B, 並向投資選項 B 作出 18,000 美元的後續認購 在第 30 個保單月份完結時, 於第 24 個保單月份完結時從投資選項 A 轉換至投資選項 B 的 40,000 美元已增至 41,000 美元 ; 而經第 24 個保單月份完結時所做的投資選項轉換後, 投資選項 A 剩餘的帳戶價值並歸於第一次認購已增至 38,300 美元 其後, 再無其他認購 轉換或提取部分款項之交易 假設在第 30 個保單月份完結時, 保單價值上升至 97,750 1 美元附註, 而保單持有人要求從投資選項 B 提取部分款項, 即 45,000 美元 帳戶價值提早贖回費金額 ( 美元 ) 原認購金額假設截至第 30 個保單將予贖回額費率費用月份完結時之結餘 簽發保單時的第一次認購 (3 年內作出 ) - 投資選項 A - 投資選項 B 70,000 38,300 41,000-41,000 在第 24 個保單月完結時的 第二次認購 (1 年內作出 ) - 投資選項 B 18,000 18,450 4,000 6% 240-4% - 1,640 總額 97,750 45,000 1,880 所要求的部分提取款項金額提早贖回費支付予保單持有人的部分提取款項淨金額 (45,000 美元 -1,880 美元 ) 45,000 美元 1,880 美元 43,120 美元 在以上提取部分款項後, 保單價值是 52,750 美元, 而保單持有人所有投資選項 B 的帳戶價值轉換至投資選項 A 於第 72 個 保單月份完結時, 假設總值 119 美元的周年獎賞存入保單內附註 2 於第 73 個保單月完結時, 保單價值上升至 63,420 美元附註 3, 而保單持有人要求從投資選項 A 贖回 50,000 美元, 提早贖回費的計 算如下 : 帳戶價值提早贖回費投資選項 A 原認購金額 / 金額 ( 美元 ) 周年獎賞金額假設截至第 73 個保單將予贖回額費率費用月份完結時之結餘周年獎賞 第一次認購 (5 年前作出 ) 70,000 45,960 45, 第二次認購 (5 年內作出 ) 18,000 17,340 3,920 2% 78.4 總額 63,420 50, 所要求的部分提取款項金額提早贖回費支付予保單持有人的部分提取款項淨金額 (50,000 美元 美元 ) 50,000 美元 78.4 美元 49,921.6 美元 例子說明的附加註釋 : 附註 1 金額包括總值 88,000 美元的首次認購及後續認購及 9,750 美元的假設市值轉變 附註 2 周年獎賞是按過去 12 個保單月內合資格獲得獎賞的平均保單價值計算, 此例子假設為 43,800 美元 有關周年獎賞的條款及細則, 請參閱第 3.2 節 附註 3 金額包括在於第 30 個保單月份完結時提取部分款項後的結餘 (52,750 美元 ), 於第 30 個保單月份完結至第 73 個保單月份完結之間的假設市值轉變 (10,550 美元 ) 於第 72 個保單月份完結時存入的周年獎賞 (119 美元 ) 以及該獎賞於第 73 個保單月份完結時的假設市值轉變 (1 美元 ) 17

80 投資選項層面上的費用及收費 : 費用及收費 管理費 現時費率 按各投資選項而異, 每年介乎投資選項資產淨值的 0.5% 至 2.1%, 按日累計 (*), 並反映 # 在單位化投資選項的單位價格內或非單位化投資選項所派發的淨利息內 根據所分配 的投資選項名義單位, 此單位價格會用作計算帳戶價值 管理費由以下兩項構成 : i) 由相關基金經理收取的管理費用, 亦反映在相關基金的單位價格中 ; 及 ii) 由宏利收取的管理費 有關每項投資選項之管理費, 請參閱 投資選項手冊 * 就中國市場投資選項而言, 管理費從中國市場投資選項的資產淨值中按月累計, 並反映在中國市場投資選項的單位價格內 # 現時並沒有非單位化投資選項 相關基金層面 投資選項的相關基金或會另行徵收費用及收費, 如業績表現費 買賣差價 墊支費用及 / 或其他雜項費用及收費 保單持有人不需直接繳付這些費用及收費, 此等費用及收費會被扣減及反映於相關基金的單位價格中 詳情請參閱相關基金之銷售文件, 宏利會應要求提供該等文件 退出費適用於中國市場投資選項, 詳情請參閱附錄第 11 節 費用及收費 18

81 7 終止保單 終止保單 終止投資選項 如發生下述事件, 保單將即時終止 ( 以最先發生者為準 ): i) 提交身故索償申請當日 ; 或 ii) 宏利批准保單持有人的退保書面要求當日 ; 或 iii) 保單價值等於零 保單終止後, 保單持有人不再合資格享有日後將存入的所有周年獎賞 宏利可以下述方式終止任何投資選項, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 : 按照宏利於通知時規定的方法, 將被終止的投資選項的帳戶價值轉換為另一投資選項的帳戶價值 如保單內將予轉換的投資選項存有帳戶價值, 保單持有人可要求將該投資選項轉換至另一投資選項 宏利如在投資選項轉換通知書的限期屆滿前仍未接獲有關要求, 宏利可按照通知書所述安排代為選擇投資選項進行轉換, 就如同宏利已接獲保單持有人的轉換要求一樣 有關轉換為最終決定, 對保單持有人具有約束力 ; 及 / 或 將投資選項帳戶價值與另一投資選項合併或將投資選項分拆為任何新投資選項, 並令相關的投資選項終止 如保單內將作合併或將被終止的投資選項存有帳戶價值, 保單持有人可要求將該投資選項轉換至另一投資選項 宏利如在合併或終止投資選項通知書的限期屆滿前仍未接獲有關要求, 宏利可按照通知書所述安排代為合併或終止投資選項, 就如同宏利已接獲保單持有人有關的要求一樣 有關合併和終止為最終決定, 對保單持有人具有約束力 19

82 8 一般資料 8.1 客戶通訊 宏利網站 ( 提供多項電子通訊服務 保單持有人可隨時查閱最新的保單價值及其他保單資料 此外, 網站亦會提供投資選項每日報價及簡介等的最新資料 有關認購 提取部分款項 保單退保或轉換的通知書會於有關交易完成後發給保單持有人 宏利會定期向保單持有人提供定期報告, 載列保單內每項投資選項的帳戶價值 保單價值及報告期內曾進行的交易 發行價及贖回價可於宏利網站 ( 查閱, 而現時亦刊登於信報及經濟日報之香港報章 保單持有人亦可致電宏利的客戶服務熱線查詢其價格 如有任何查詢或欲索取本計劃及 / 或投資選項之相關基金的銷售文件, 保單持有人可聯絡宏利的專業保險顧問 保單持有人如有任何查詢亦可致電宏利客戶熱線 , 或致電 / 以作出任何投訴 保單持有人亦可根據第 8.10 節中本公司的通訊地址發出書面請求 宏利可不時決定更改上述客戶通訊服務並通知保單持有人相關更改 8.2 冷靜期 冷靜期指下述時限 ( 以較先出現者為準 ): a) 發出保單後 21 天內 ; b) 通知保單持有人或其代表保單已備妥並列明冷靜期屆滿日的通知書發出後 21 天內 保單持有人有權在冷靜期內以書面通知宏利要求取消已購買的保單並取回已扣除市值調整和任何適用的退出費的保費 如保單持有人在冷靜期內並未行使上述權利, 則視為保單持有人最終接受保單, 並須受保單條款的條款及細則約束 市價調整乃根據保單的已繳保費用作投資後所得的資產之變現虧損計算, 並不包括任何有關簽發合約的開支或佣金 20

83 8.3 身故賠償索償程序 保單受益人或任何根據保單而有權獲取身故賠償的人士須向宏利出示保單文件, 並填妥由宏利提供的表格, 以及提交 : a) 宏利規定的有關索償人的身分證明文件 ; b) 宏利規定的有關受保人身故的證明和身故原因 ; c) 宏利規定的受保人的年齡證明 ; 以及 d) 宏利認為對有關索償具重要性的任何其他資料 在宏利收到以上要求連同保單文件和已填妥由宏利提供的表格, 且保單下投資選項的所有名義單位 / 金額均已在符合第 5.5 和 5.7 節所述的限制之前提下贖回後, 身故賠償會於 15 個營業日內支付予受益人或任何根據保單而有權獲取身故賠償的人士 若於宏利無法控制的特殊情況下, 宏利可延長付款期, 並在該等情況結束後可行的情況下盡快付款 宏利不會就提交身故索償申請提交當日至支付款項當日期間支付任何利息, 亦不會從保單中扣除任何費用及收費 8.4 付款 保單終止後, 待宏利接獲受保人身故和年齡的證明, 或當本保單退保以提取保單價值時 ( 以較先出現者為準 ), 宏利將按保單的條款支付款項 當收取有關款項時須出示本保單並須附上聲明書, 表示已履行及遵守宏利不時釐定的有關身故索償 / 保單退保 ( 以適用者為準 ) 的程序 款項一經支付, 宏利就本保單尚未履行的責任將完全解除 任何欠款將於釐定本保單的支付款項時扣除 8.5 付款選擇方式 除可以一筆過收取款項外, 保單持有人或受益人或任何根據保單而有權獲取身故賠償的人士 ( 以適用者為準 ) 可要求以其他方式收取就保單退保的淨金額或身故賠償金額 ( 以適用者為準 ), 有關該等其他付款選擇方式之條款及細則應由宏利與保單持有人或受益人或任何根據本保單而有權獲取身故賠償的人士 ( 視乎情況而定 ) 共同釐定 8.6 稅項 視乎適用於保單持有人個別情況的稅收法律, 保單持有人可能因本保單而享有稅務優惠 保單持有人應就其個別稅務情形尋求專業意見 8.7 稅務合規 根據美國 海外帳戶稅收合規法案 ( 海外帳戶稅收合規法案 ), 外國金融機構 ( 海外金融機構 ) 須向美國國內稅收署 ( 美國稅務局 ) 報告關於在美國境外在該海外金融機構開設帳戶的美國人的某些資料, 並取得該等美國人對該海外金融機構向美國稅務局轉交該等資料的同意 未就海外帳戶稅收合規法案與美國稅務局簽署協議 ( 海外金融機構協議 ) 或不同意遵守海外金融機構協議要求和 / 或未因其他原因獲得上述行為豁免的海外金融機構 ( 稱為 非參與海外金融機構 ) 源自於美國的所有 須預提款項 ( 定義見海外帳戶稅收合規法案, 初期包括股息 利息和某些衍生付款 ) 將面臨 30% 的預提稅 ( 海外帳戶稅收合規法案預提稅 ) 美國與香港已經達成一項跨政府協議 ( 跨政府協議 ), 以便於香港的海外金融機構遵守海外帳戶稅收合規法案, 該協議將為香港的海外金融機構創設一個框架, 使其可依賴於一套簡化的盡職調查程序 :(i) 查明美國身份,(ii) 尋求其美國保單持有人對披露的同意, 和 (iii) 向美國稅務局報告該等保單持有人的相關稅務資料 海外帳戶稅收合規法案適用於宏利和本計劃 宏利為參與海外金融機構 宏利承諾遵守海外帳戶稅收合規法案 為此, 宏利要求保單持有人 : (i) 向宏利提供某些資料, 包括 ( 如適用 ) 保單持有人的美國身份識別詳情 ( 如姓名 地址 美國聯邦納稅人識別號碼等 ); 和 (ii) 同意宏利向美國稅務局報告該等資料及保單持有人的帳戶資 料 ( 如帳戶餘額 利息和股息所得及提取 ) 21

84 如果保單持有人未遵守該等義務 ( 即成為 不合規帳戶持有人 ), 則宏利須向美國稅務局報告不同意的美國帳戶的帳戶餘額 付款金額和次數的 匯總資料 在某些情況下, 宏利須對保單持有人的保單作出的收付款項實行海外帳戶稅收合規法案預提稅 目前, 宏利僅在下述情形下須徵收海外帳戶稅收合規法案預提稅 : i) 如果香港稅務局未根據跨政府協議 ( 和香港與美國訂立的相關稅務資料交換協定 ) 與美國稅務局交換資料, 在這種情況下, 宏利可能須對向保單持有人的保單支付的須預提款項中扣減和預扣海外帳戶稅收合規法案預提稅並匯付給美國稅務局 ; 和 8.9 管轄法律 本計劃須受香港特別行政區的法律管轄, 並根據該等法律加以詮釋 8.10 相關各方 承保人宏利人壽保險 ( 國際 ) 有限公司於百慕達註冊成立之有限責任公司香港九龍觀塘偉業街 號宏利金融中心 22 樓 ii) 如果保單持有人 ( 或任何其他帳戶持有人 ) 為非參與海外金融機構, 在這種情況下, 宏利可能須對向保單持有人的保單支付的須預扣款項中扣除和預提海外帳戶稅收合規法案預提稅並匯付給美國稅務局 通訊地址香港郵政信箱 201 號 2016 年 6 月印製 對於海外帳戶稅收合規法案對保單持有人及保單持有人的保單可能具有的影響, 保單持有人應尋求獨立的專業諮詢意見 8.8 第三者權利 合約(第三者權利)條例 (第 623 章) ( 下稱 條例 ) 不適用於閣下的保單 因此, 除宏利及保單持有人外, 任何不是保單某一方的人士 ( 如第三者受益人 ) 並不能根據 條例 強制執行保單的任何條款 22

85 附錄 宏利智富中國 A 股基金 及 宏利智富中國債券基金 ( 統稱 中國市場投資選項 ) 的特點及具體運作 23

86 1. 對保單持有人及受保人的限制 以下人士 / 實體 ( 統稱 中國內地人士 ) 不得申請任何中國市場投資選項之名義單位, 或成為持有任何中國市場投資選項之名義單位下的保單持有人或受保人 : i) 居於中華人民共和國境內 ( 香港 澳門及台灣除外 ) ( 中國內地 ) 的中國公民 ; ii) 居於中國內地以外但並非香港 澳門 台灣或其他國家永久居民的中國公民 ; 以及 iii) 於中國內地註冊 註冊成立或成立的任何法人 公司 合夥企業或其他實體宏利有權施加此限制, 以確保上述限制的任何中國內地人士並未申請或持有中國市場投資選項之名義單位 當宏利到任何名義單位以該等方式被持有, 宏利可要求該人士按照贖回或轉換安排, 包括繳付適用之提早贖回費及 / 或本附錄第 11 節所述之退出費, 贖回或轉出該等名義單位 當任何人士獲悉其已違反上述限制, 應根據本附錄第 7 至 9 節所述, 贖回或轉出其名義單位 宏利可在任何情況下要求保單持有人及擬受保人或受保人提供身份證明文件副本 同樣的限制適用於持有中國市場投資選項的相關基金單位 2. 交易日 中國市場投資選項的交易日與各相關基金的交易日一致, 但下列日子除外 (i) 交易暫停日或 (ii) 宏利因未能預料的事件而不時釐定的其他日子 中國市場投資選項的交易日及交易頻率或與其他投資選項不同 有關各相關基金的交易日及交易頻率, 請參閱各相關基金的銷售文件, 宏利可應要求提供該等銷售文件 3. 人壽保障 在本計劃下, 受保人的人壽保障將於宏利批核有關身故索償申請後支付, 賠償金額相等於提交身故索償申請當日 ( 該日需為交易日, 若該日並非交易日, 則為緊接該日的首個交易日 ) 保單價值的 105% 按照任何中國市場投資選項名義單位所代表的保單價值釐定人壽保障時 : 帳戶價值將按於收到身故索償申請後, 贖回任何中國市場投資選項名義單位的交易日的單位價格計算 按照保單價值 ( 以中國市場投資選項名義單位表示 ) 計算的身故賠償, 相等於在相關中國市場投資選項贖回的交易日當天中國市場投資選項帳戶價值的 105% 贖回申請及結算安排受相關基金的限制約束 中國市場投資選項所需的結算時間可能比其他投資選項為長 有關贖回及結算安排的詳情, 請參閱本附錄第 8 至 9 節 就申請中國市場投資選項名義單位時所繳付的保費, 在成功分配到有關單位前, 將不會當作保單價值的一部分, 故此該部分的已繳保費並未享有人壽保障 若申請人只選擇中國市場投資選項並成功獲分配單位, 保單於推出日當天生效 倘受保人自殺 ( 不論是否在精神健全的情況下 ), 則宏利承擔的責任僅限於在緊接自殺前 12 個月 ( 12 個月期間 ) 內已作出的認購所佔的保單價值的 100% 和在 12 個月期間之前已作出的認購所佔的保單價值的 105% 4. 周年獎賞 就中國市場投資選項所已繳保費均用作計算周年獎賞, 惟就分配至本保單之周年獎賞並不會分配至任何中國市場投資選項的名義單位 獎賞金額將按存入相關獎賞當日仍接受認購的其他每個投資選項的帳户價值之比例分配相應的投資選項 倘保單只有任何中國市場投資選項及 / 或任何非供認購的市場投資選項之名義單位, 則本保單有關之周年獎賞將加入宏利智富東方匯理現金基金之帳戶價值 5. 認購 i) 認購期如各相關基金已接受認購, 宏利則可提供一個或全部中國市場投資選項以供認購 有見及此, 宏利將透過宏利網站 ( 以其他宏利認為合適的方式將認購期 ( 認購期 ) 通知潛在和現時的保單持有人 ii) 申請手續和要求申請人 / 保單持有人須按宏利規定填寫申請表連同所有所需文件, 並在認購期內將申請表及保費款項交回宏利行政部 在已繳的保費未被結算妥當前, 宏利將不會處理申請 除於冷靜期內取消新簽發保單申請外, 申請交予宏利後一律不得取消 24

87 可透過申請新保單下的首次認購或本計劃現有保單下之後續整筆認購提出申請 目前尚不允許定期認購中國市場投資選項 申請新保單的首次保費最低金額為每份保單 6,000 美元或其等值港元 每個中國市場投資選項的首次認購或後續整筆認購的保費最低金額為 1,500 美元或其等值港元 宏利不會接受由其他現有保單持有人於本計劃已選的投資選項中轉出資金至任何一個中國市場投資選項, 以作為申請中國市場投資選項名義單位的保費之用 申請連同已被結算妥當的資金在認購截止日期香港時間下午 3 時前提交, 該申請將於交易日處理 宏利智富中國 A 股基金及宏利智富中國債券基金的認購截止日期為相關交易日 在認購截止日期截止時間後提交的任何申請將於下一個交易日處理 宏利保留修改截止時間和認購截止日期時間表 ( 如有 ) 的權利 對於已選擇中國市場投資選項並只申請中國市場投資選項名義單位之本計劃新申請人而言, 其保單只會在就所繳保費獲成功分配任何中國市場投資選項單位後簽發及生效 因此, 申請人在獲分配單位前並不享有本計劃的任何利益, 亦毋須支付本計劃或中國市場投資選項相關基金所徵收的任何費用及 / 或收費 iii) 分配機制每個中國市場投資選項均與投資於中國內地證券市場的相關基金掛鈎, 並受根據中華人民共和國法律法規批准的合格境外機構投資者 ( 合格境外機構投資者 ) 核准投資額度 ( 核准額度 ) 所規限 視乎贖回後可用的核准額度, 有其他可用的核准額度 ( 如有 ) 及 / 或便於取得其他適當工具以用於及時投資額外的認購資金的各個因素, 相關基金的董事會可接納認購申請 由於相關基金董事會有權以相關基金額量為由, 自行決定拒絕對相關基金的全部或部分認購, 因此, 在宏利對相關基金的認購得到確認以前, 宏利作為相關基金某一投資者並不能保證認購中國市場投資選項的申請是否已 / 將獲得接納 如果相關基金的董事會未接納宏利對相關基金的全部認購, 宏利則可確定相關中國市場投資選項的部分申請未獲接納 在此情況下, 相關中國市場投資選項的名義單位將由宏利根據相關基金的安排 按比例 分配 倘按比例計算後有關申請所獲分配的金額低於本計劃要求的最低保費金額, 即每項中國市場投資選項的最低保費金額為 1,500 美元或其等值港元 ( 適用於首次認購和後續整筆認購 ) 或每份保單為 6,000 美元或其等值港元 ( 僅適用 於首次認購 ), 則宏利保留絕對權力決定該申請將不獲接納 iv) 申請結果對於已獲接納的申請 ( 全部或按比例的 ), 就已獲接納且保費已繳清的申請部分, 相關中國市場投資選項的名義單位將於處理申請的交易日分配至本計劃 並向相關申請人 / 保單持有人郵寄認購通知書以通知其申請的每個中國市場投資選項的名義單位價格和獲分配的單位數量 對於全部及部分未獲接納的申請, 將向相關申請人 / 保單持有人發送書面通知以及退回未獲接納申請部分的所有已繳保費 未獲接納申請部分之已繳保費退款, 將於申請得到處理的該交易日後六 (6) 個營業日內或經宏利考慮一眾可行的運作條件後而決定的其他時段內, 按原來的保費付款貨幣 ( 不計利息 ) 退還予有關的申請人 / 保單持有人 此等退款毋須扣除本計劃或中國市場投資選項相關基金所徵收的任何費用或收費 6. 保單冷靜期 凡於保單冷靜期內取消或終止保單均須繳交退出費 請參閱產品說明書第 8.2 節以了解保單冷靜期的細節 保單持有人可於保單冷靜期內以書面方式通知宏利要求取消保單, 並取回扣除任何 (i) 市值調整及 (ii) 有關中國市場投資選項帳戶價值的退出費後 ( 詳情請參閱本附錄第 11 節 ) 之任何已繳保費 如未能於保單冷靜期內行使上述權利, 則視為最終接受保單, 並受保單條款的條款及細則約束 市值調整乃根據保單的已繳保費用作投資後所得資產值之變現虧損計算, 並不包括任何有關簽發合約的開支或佣金 7. 提交提取部分款項 保單退保 轉換及身故索償申請 鑑於相關基金的 QFII 投資之限制及要求, 包括匯回限制, 中國市場投資選項因而受本節所述之贖回限制及結算限制 提取部分款項 / 保單退保 / 轉換之程序有別於產品說明書第 3.4 及 3.5 節所述 由於相關基金需收取退出費, 故退出費亦適用於就中國市場投資選項所提出的提取部分款項 / 保單退保 / 轉換申請 如保單持有人已投資於中國市場投資選項, 受相關基金銷售文件中所載的額外贖回限制和結算限制, 身故索償結算所需時間可能較其他投資選項長 25

88 保單退保 身故索償 從中國市場投資選項中提取部分款項或轉出的申請提出後, 中國市場投資選項名義單位將於每個交易日贖回, 惟需繳交退出費 ( 不適用於身故索償 ) 及產品說明書第 6 節所列出的提早贖回費 ( 如適用 )( 適用於提取部分款項 / 保單退保 ) 保單持有人或身故索償中的受益人或任何根據本保單有權獲取身故賠償的人士須按宏利規定填妥有關表格, 並將申請交予宏利行政辦事處 在贖回截止日期香港時間下午 3 時截止時間 ( 贖回截止時間 ) 以前提交的申請將於交易日處理 宏利智富中國 A 股基金及宏利智富中國債券基金的贖回截止日期為相關交易日 中國市場投資選項的交易頻率或與其他投資選項不同, 詳情請參閱附錄第 2 節 在贖回截止時間後提交的任何申請, 將自動延遲至下個交易日處理 宏利保留更改贖回截止時間之權利 保單持有人僅可就提取部分款項 / 保單退保 / 轉出的中國市場投資選項名義單位之數量提出贖回申請 保單持有人須, 任何中國市場投資選項之名義單位僅可轉換至宏利智富東方匯理現金基金 其他投資選項不能轉入中國市場投資選項 宏利保留修訂此等規則的權利, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知保單持有人 在由中國市場投資選項轉出的情況下, 轉至宏利智富東方匯理現金基金的金額為轉出金額在扣除退出費後的款項 在提取部分款項 / 保單退保的情況下, 提取部分款項 / 保單退保淨金額為贖回金額在扣除適用之提早贖回費及 / 或退出費 ( 如有 ) 後的款項 在身故索償的情況下, 相關基金收取的退出費將由宏利承擔, 歸於中國市場投資選項之身故賠償金額相等於贖回金額的 105%, 而毋須扣除退出費 8. 處理贖回申請的限制 由於中國市場投資選項之相關基金可能設有贖回限制, 宏利可對因任何中國市場投資選項提取部分款項 / 保單退保 / 轉出 / 身故索償 ( 合稱 贖回申請 ) 而導致之贖回加以限制 宏利在本附錄第 7 節所提及的贖回截止時間之前所收到的贖回申請, 將於分別的交易日按相關基金比例方式處理, 保單持有人將可根據所分配的金額贖回部分中國市場投資選項 所有因按比例安排而尚未全面執行的贖回申請, 將自動轉至下個交易日並較其他後來提出的贖回申請而獲優先處理 倘獲比例分配金額低於下列金額 : 即在提取部分款項 / 保單退保的情況下低於每份保單 1,000 美元, 而在中國市場投資選項轉出的情況下低於每項中國市場投資選項 250 美元, 則宏利可延遲處理該贖回申請, 而該申請則自動延遲至下個交易日並較其他後來提出的贖回申請而獲優先處理 宏利可 按其認為合理可行的方式更改有關申請之處理次序, 並於不少於一個月或符合相關規管要求的其他期限前以書面通知 因相關基金的現有交易安排及贖回限制, 中國市場投資選項需要較長時間贖回 於每個交易日內任何未執行的贖回申請將延遲至下個交易日 保單持有人或身故索償中的受益人或任何根據保單而有權獲取身故賠償的人士或會因市場價值變動及人民幣匯率風險等因素, 而收到與其期望不同的贖回金額 9. 贖回申請之結算延遲及限制 保單持有人須, 由於中國市場投資選項之相關基金在交易結算方面設有限制, 包括但不限於合格境外機構投資者的資本匯回限制及中國市場流動性的限制 ( 詳情請參閱相關基金的產品重要資料 ), 在處理此等贖回申請後的所需交易結算時間可能較其他投資選項為長, 亦非宏利所能控制 由於上述限制可能適用於中國市場投資選項之相關基金, 宏利可就每個交易日設有結算限額, 並不時更改該限額 有關贖回金額的結算安排, 需符合付款限額並需按比例作出釐訂分配 有關未結算部分之支付安排, 將延遲至宏利收取贖回金額後並較其他贖回交易而獲優先處理 任何上述未結算款額將會顯示於中轉帳戶中, 並通知所有受影響的保單持有人 在由任何中國市場投資選項轉出的情況下, 任何中轉帳戶之價值將會計入本計劃的保單價值內並合資格得到身故賠償, 惟因相關未結算款額未能獲宏利收訖而不得享有周年獎賞 利息及其他利益, 亦毋須支付任何費用及收費 任何收訖的轉出結算金額將會轉至宏利智富東方匯理現金基金以及計算其帳戶價值 在保單退保或從任何中國市場投資選項提取部分款項的情況下, 任何中轉帳戶之價值將不會計入本計劃的保單價值內, 亦不會得到相關身故賠償 周年獎賞及利息, 亦毋須支付任何費用及收費 倘提取部分款項 / 保單退保申請在受保人身故前提出並獲宏利接納, 惟尚未結算提取部分款項 / 保單退保金額, 此等尚未結算的提取部分款項 / 保單退保金額在處理提取部分款項 / 保單退保申請後不再計入保單價值內, 亦不會享有任何身故賠償 宏利可按其認為合理可行的方式更改結算安排, 並於不少於一個月或符合相關監管規定的其他通知期前以書面通知 26

89 提取部分款項 / 保單退保金額及 / 或轉出金額於 (i) 進行名義單位贖回的曆月結束後的 14 個營業日內, 或 (ii) 宏利全數收訖贖回結算款項後的 5 個營業日內 ( 以較後者為準 ) 分別支付予保單持有人及 / 或存入宏利智富東方匯理現金基金 宏利不會就贖回申請當日至支付款項當日期間為贖回金額支付任何利息 11. 費用及收費 10. 身故賠償索償程序 在符合本附錄第 8 至第 9 節所載條件的規定下, 宏利於收妥於第 8.3 節所列的所有有關文件 資料 由宏利提供的表格以及有關保單之中國市場投資選項名義單位被全數贖回後的 15 個營業日內, 宏利將向受益人或任何根據本保單而有權獲取身故賠償的人士支付相關之身故賠償 若於宏利無法控制的特殊情況下, 宏利可延長付款期, 並在該等情況結束後可行的情況下盡快付款 處理中國市場投資選項身故賠償之所需時間可能較其他投資選項為長 宏利不會就提交身故索償當日至支付款項當日期間為身故賠償金額支付任何利息 於產品銷售說明書內計劃層面及投資選項層面上適用於中國市場投資選項的費用及收費表及適用於相關基金層面上的退出費列明如下 : 費用及收費 ( 計劃層面 ) 現時費率帳戶維持費每年中國市場投資選項的資產淨值的 1.2%; 從其資產淨值中扣除 ( 按月累計 ), 並反映在單位價格內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 墊支費用 每年不多於中國市場投資選項資產淨值的 0.03%, 從其資產淨值中扣除 ( 按月累計 ), 並反映在單位價格內 根據所分配的投資選項名義單位, 單位化投資選項的單位價格會用作計算帳戶價值 墊支費用是計劃及投資選項運作所引起的其他各項實際開支, 包括但不限於核數師 律師及其他顧問費用, 以及刊登單位價格 印刷和派發銷售文件 報告 通告 報表及通訊費用 交易費用 會計及估值 稅項 以及其他合理墊支費用 轉換費 提早贖回費 現時沒有 按因提取部分款項或保單退保而贖回的金額的一定百分比收取的費用 認購年期不足 佔贖回金額百分比 1 年 6% 2 年 5% 3 年 4% 4 年 3% 5 年 2 % 達到或超過 5 年的認購無須支付提早贖回費 年期由每次認購的實際日期起計算 提早贖回費會首先適用於最早的認購 ( 即 先進先出 基準 ) 轉換投資選項不會影響認購年期 故此先進先出基準亦適用於轉換交易 提取部分款項 / 保單退保的淨金額會從因提取部分款項 / 保單退保的贖回金額扣除提早贖回費後, 繳付給保單持有人 提早贖回費並不適用於周年獎賞, 周年獎賞所佔某投資選項的帳戶價值會較該投資選項的其餘帳戶價值先被贖回 27

90 費用及收費 ( 投資選項層面 ) 管理費 現時費率按各中國市場投資選項而異, 每年介乎該等中國市場投資選項資產淨值的 1.7% 至 1.9%; 按月累計, 並反映在中國市場投資選項的單位價格內 根據所分配的中國市場投資選項名義單位, 此單位價格會用作計算帳戶價值 管理費由以下兩項構成 : i) 由相關基金經理收取的管理費用, 反映在相關基金的單位價格中 ; 及 ii) 由宏利所收取的管理費 有關每項中國市場投資選項之管理費, 請參閱 投資選項手冊 相關基金層面贖回中國市場投資選項名義單位需繳付退出費 退出費乃相應的相關基金所徵收的贖回費, 並會於冷靜期內取消或終止保單 轉出 提取部分款項或保單退保時從贖回金額中扣除 此退出費將由相關基金收取, 而不會被宏利保留 有關退出費的詳情, 請參閱相關基金的銷售文件 可就相關基金收取業績表現費, 該等費用亦反映在各中國市場投資選項的單位價格內 詳情請參閱相關基金的銷售文件 自 2012 年 11 月 6 日起, 宏利智富中國 A 股基金的相關基金豁免業績表現費, 直至另行通知為止 宏利智富中國債券基金現時並不收取業績表現費, 但日後或會收取此費用 宏利人壽保險 ( 國際 ) 有限公司概覽 宏利是加拿大主要的金融服務機構, 集團旗下主要業務遍及亞洲 加拿大和美國 宏利在美國的經營名稱為 恒康, 而在其他地區則以 宏利 為經營名稱 宏利致力就客戶的重大理財決策, 提供穩健可靠 深受信賴而且達遠前瞻的理財方案 透過其環球僱員 保險代理及銷售夥伴網絡, 宏利為數以千萬計客戶提供理財保障及財富管理方面的產品和服務, 並為機構客戶提供資產管理服務 截至二零一四年九月三十日, 宏利及其附屬公司的管理資產總值約為六千六百三十億加元 ( 約四萬五千九百三十億港元 ) 承保人 : 宏利人壽保險 ( 國際 ) 有限公司於百慕達註冊成立之有限責任公司香港九龍觀塘偉業街 號宏利金融中心 22 樓電話 :(852) 網址 : 年 6 月印製 宏利金融有限公司在多倫多 紐約及菲律賓證券交易所的股份代號為 MFC, 在香港聯交所的股份代號為 945 宏利的網址為 manulife.com 28

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92 Important Notes 1. Manulife Investment Plus (the Plan ), being an investment-linked assurance scheme, is an insurance policy issued by Manulife (International) Limited ( Manulife ). Your investments in the Plan are therefore subject to the credit risk of Manulife. 2. The investment choices available under the Plan can have very different features and risk profiles. Some may be of high risk. Please read the offering document of the Plan and offering documents of the underlying funds involved for details. 3. Return on your investments is calculated or determined by Manulife with reference to the performance of the underlying funds/assets. 4. Return of your investments may be lower than that of the corresponding SFC-authorised funds due to the fees and charges levied under the Plan. 5. The premiums you pay towards the insurance policy will become part of the assets of Manulife. You do not have any rights or ownership over any of those assets. Your recourse is against Manulife only. 6. Early surrender of the policy or partial withdrawal from the Policy Value may result in a significant loss of principal and /or bonuses to be awarded. Poor performance of the underlying funds / assets may further magnify the investment losses, while all fees and charges are still deductible. 7. The return of some of the investment choices is calculated with reference to pools of assets internally managed by Manulife on a discretionary basis not authorised by the SFC under the Code on Unit Trusts and Mutual Funds. 8. Investment involves risk. You should not purchase this Plan unless you understand it and it has been explained to you how it is suitable for you. The final decision is yours. 9. Please note the following in respect of the two investment choices, Manulife Inv China A Fund and the Manulife Inv China Bond Fund ( China Market Investment Choices ) available under the Plan. They are denominated in United States Dollars ( USD ) only and not in Renminbi ( RMB ) as the underlying funds use a USD Qualified Foreign Institutional Investor ( QFII ) quota to invest primarily in relevant securities in Mainland China; They are open for application up to a limited size; They are subject to the redemption limit and settlement limit due to the restrictions and requirements applicable to QFII investment of the underlying funds, including repatriation limits; Redemption from the China Market Investment Choices will require longer time due to the current dealing arrangement under the QFII regime and redemption limit imposed on the underlying funds. Any unexecuted redemption requests on each dealing day will be carried forward to the next dealing day. Policyowners may receive redemption proceeds different from their expectation due to various factors, including market value movement and RMB exchange risk; They are subject to an Exit Fee as set out in section 11 of Annex in addition to the fees and charges, including an early redemption fee, currently applicable to the Plan as stated in the Principal Brochure. Unlike other investment choices under the Plan, the Exit Fee of the China Market Investment Choices is deducted from the redemption amount upon policy cancellation or termination during the cooling-off period, switching out, partial withdrawal or policy surrender; 1

93 They are eligible as the basis of calculating annual bonus in respect of the premium paid but notional units of the China Market Investment Choices will not be allocated as regards annual bonus to be credited to the policy. If the policy has notional units only in any of the China Market Investment Choices and/or any other Investment Choices which are not open for subscription, annual bonus credited to the policy will be added to the Account Value of the Manulife Inv Amundi Cash Fund; Policyowners holding notional units of the China Market Investment Choices should note that they are permitted to switch out to Manulife Inv Amundi Cash Fund only. No switching in to the China Market Investment Choices is permitted currently; and They are exposed to currency risks due to the underlying funds engagement in multi-currency conversions. The product key facts statements of the underlying funds corresponding to the China Market Investment Choices are distributed together with this Principal Brochure. You are strongly advised to read the product key facts statements of the underlying funds in conjunction with this Principal Brochure. The offering documents of the underlying funds corresponding to the China Market Investment Choices will be made available by Manulife upon request. You are also advised to read these documents to understand the features and associated risks of the underlying funds. 10. You should read the offering documents of the Plan and underlying funds, which are made available by Manulife upon request. NOTES: The Principal Brochure of the Plan comprises this Principal Brochure - Product Brochure (the Product Brochure ) and the Principal Brochure Investment Choice Brochure (the Investment Choice Brochure ). The Product Brochure is published in June This Principal Brochure is not a policy contract. You should refer to the policy provisions for the exact terms and conditions of the Plan. You will receive the policy provisions from Manulife when the policy is issued. A specimen copy of the policy provisions is also available from Manulife free of charge upon request (for example, by visiting in person at Manulife s office which address is stated in section 8.10). The offering document of the Plan is comprised of the Principal Brochure and product key facts statement of the Plan and should be issued and read in conjunction with each other. The Plan is issued by Manulife which accepts full responsibility for the accuracy of the information contained in the offering document at the date of publication and confirms, having made all reasonable enquiries, that to the best of its knowledge and belief there are no other facts the omission of which would make any statement misleading. The Plan has been authorised by the Securities and Futures Commission in Hong Kong (the SFC ). Such SFC authorisation is not a recommendation or endorsement of the Plan nor does it guarantee the commercial merits of the Plan or its performance. It does not mean the Plan is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors. The SFC does not take any responsibility for the contents of the offering document, makes no representation as to its accuracy or completeness, expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the offering document. Unless defined otherwise, capitalized terms shall have the same meanings ascribed to them in section 2 of this Product Brochure. to this section for definitions of various defined terms which are capitalized. 2

94 Table of Contents 1. Introduction 4 2. Definitions 5 3. Key Plan Features Life Coverage Annual Bonus Subscription Policy Surrender and Partial Withdrawal Switching Investment Choices Dealing and Valuation Dealing Day Investment Choice Allocation Redemption Switching Redemption and Switching out Limitation Determination of Net Asset Value, Issue Price and Redemption Price Suspension of Dealing Fees and Charges Termination General Information Customer Communication Cooling-off Period Death Benefit Claim Process Settlement Optional Methods of Settlement Taxation Tax Compliance Third Party Rights Governing Law Parties Involved 23 Annex-Features and operations specific to the Manulife Inv China A Fund and Manulife Inv China Bond Fund ( China Market Investment Choices ) 24 3

95 1 Introduction Manulife Investment Plus (the Plan ) is an investmentlinked insurance policy issued by Manulife under Class C linked long term business as defined under the Insurance Companies Ordinance ( ICO ). Manulife is authorised to carry on Class C linked long term business in Hong Kong under the ICO. The minimum issue age of the insured or policyowner at the time of application for the Plan is 18 and the maximum age of the insured or policyowner at the time of application for the Plan is 60. The Plan offers the policyowner a number of Investment Choices. The Policy Value is calculated or determined by Manulife with reference to the performance of the underlying funds and/or assets of the Investment Choice(s) from time to time selected by the policyowner. The Policy Value is the sum of Account Value of the Investment Choice(s) selected. Manulife performs dealing and valuation of the Investment Choices as explained in section 5 below. The policyowner can switch among the Investment Choices under the Plan, subject to the requirements outlined in section 3.5. The return of Investment Choices may go up or down. Each Investment Choice has its own investment objective and associated risks. For details of the investment objectives and policies, risk factors and borrowing and investment restrictions of each Investment Choice, please refer to the Investment Choice Brochure and the offering documents of the underlying funds. In accordance with the policyowner s selected Investment Choices, Manulife will invest all the premiums received from the policyowner, net of any applicable bank charges and cost for converting to the base currency of the Investment Choices, in the corresponding underlying funds / assets, for Manulife s asset and liability management and allocate notional units of the selected Investment Choices to the policy. The Investment Choice units allocated to the policy are notional and are solely for the purpose of determining the Policy Value. The underlying funds/ assets of each Investment Choice belong to Manulife. The policyowner does not have any ownership or rights over such underlying funds / assets and the policyowner is therefore subject to the credit risk of Manulife. The policy is denominated in United States Dollars. For details of the base currency of each Investment Choice, please refer to the Investment Choice Brochure. 4

96 2 Definitions Account Value of a unitized Investment Choice of any day is the Redemption Price of the Investment Choice on that dealing day, or if that day is not a dealing day, the first dealing day immediately after that day, multiplied by the number of notional units of the Investment Choice held. Account Value of a non-unitized Investment Choice is the account balance inclusive of net interest as of such time. Anniversary means the same date of each subsequent year of the Policy Year Date. If there is no corresponding date in the year, then the Anniversary will be the last date of such month. China Market Investment Choices means the Manulife Inv China A Fund and / or the Manulife Inv China Bond Fund, as specified in the Principal Brochure. Exit Fee refers to the fee levied on the China Market Investment Choices, which will be deducted from the redemption amount upon policy cancellation or termination during the cooling off period, switching out, partial withdrawal or policy surrender. Details of the current Exit Fee are set out in Section 11 of Annex. Investment Choice means investment choice created, made available and/or maintained by Manulife from time to time under the Plan for subscription. Issue Price of a unitized Investment Choice refers to the price, calculated according to section 5.6 of this Product Brochure, at which notional units of the Investment Choice are issued. Monthiversary means the same date of each subsequent month of the Policy Year Date. If there is no corresponding date in the month, then the Monthiversary will be the last date of such month. Policy Month is a one-month period starting on the Policy Year Date or the Monthiversary. Policy Value is the sum of the Account Values of all the Investment Choices under the policyowner s policy. Policy Year Date means the first day of the first policy year as shown in the policy. Redemption Price of a unitized Investment Choice refers to the price, calculated according to section 5.6 of this Product Brochure, at which notional units of the Investment Choice are redeemed. 5

97 3 Key Plan Features 3.1 Life Coverage 3.2 Annual Bonus Life coverage of the insured person equivalent to 105% of the Policy Value as at the date of death claim submission, which is a dealing day or if that day is not a dealing day, the first dealing day immediately after that day, will be paid after Manulife s approval of the death claim. All units / amount of Investment Choices under the policy will be redeemed on the date of death claim submission, which is a dealing day or if that day is not a dealing day, the first dealing day immediately after that day. For calculation of death benefit, early redemption fee and Exit Fee, if any, will not be applicable. If the life insured commits suicide whether sane or insane, Manulife s only liability will be limited to 100% of the Policy Value attributable to the subscription made in the twelve months immediately prior to the suicide ( 12-month Period ) and 105% of the Policy Value attributable to the subscription made prior to the 12-month Period. Please note that since the life coverage amount is linked to the Policy Value which is calculated or determined by Manulife with reference to the performance of the underlying funds and/or assets of the Investment Choice(s), the life coverage amount is subject to investment risks and fluctuations. The life coverage amount payable may be significantly less than the premiums paid and may not be sufficient for your individual needs. Starting from the sixth policy year, an annual bonus will be determined at the end of each policy year ( bonus date ) and credited to the policy by allocation of notional units of investment choice(s) provided that the policy is in force. The bonus rates as set out in the table below are applied to the average Policy Value eligible for bonus on a tiered basis for the calculation of the annual bonus. The average Policy Value eligible for the bonus is the sum of the Policy Value eligible for bonus as at the end of 12 Policy Months preceding and including the bonus date and then divided by 12. The Policy Value attributable to the subscriptions aged less than sixty one months is excluded when determining the sum of Policy Values eligible for the bonus. Average Policy Value eligible for the bonus Bonus rate to be applied to the respective tier amount The first tier from US$1 to US$20, % The second tier from US$20,001 to US$50,000 The third tier from US$50,001 to US$100, % 0.7% The remainder above US$100, % 6

98 The bonus will be used to allocate notional units of Investment Choices in proportion to the Account Value of each Investment Choice which is open for subscription on the date on which the relevant bonus is credited. If the policy has no Account Value under any Investment Choice which is open for subscription, the full amount of bonus will be used to subscribe for Manulife Inv Amundi Cash Fund. Important Note: Given the bonus rate and bonus amount are determined by the Policy Value, any partial withdrawal will reduce any applicable annual bonus to be credited to the policy. The bonus rate does not represent a rate of return or performance of the policyowner s investment. If more than one subscription of the same Investment Choice are made to the policy, any partial withdrawal from the Investment Choice will be made in respect of the earliest subscription on a first-in-first-out basis and the entitlement of annual bonus may be lost immediately once the average Policy Value drops to US$20,000 or below, to which the bonus rate of 0.0% is applied. The annual bonus will be credited to the policy provided that the policy is in force. The policyowner will not be entitled to the annual bonus until it is credited to the policy at the end of the policy year. Therefore, if the policy is surrendered by the policyowner or terminated due to death of the life insured or any other reasons, the policyowner will lose the entire annual bonus to be credited in the future. The annual bonus forms part of the Policy Value and will be subject to the fees and charges outlined in section 6. However, annual bonus is not subject to any early redemption fee. The China Market Investment Choices are eligible as the basis of calculating annual bonus in respect of the premium paid but notional units of the China Market Investment Choices will not be allocated as regards annual bonus to be credited to the policy. Please see section 4 of the Annex for details. 7

99 The following is a hypothetical example and is for illustrative purposes only to demonstrate how to calculate the annual bonus. Initial subscription made when the policy was issued Subsequent subscription made at the beginning of the 7 th Policy Month US$90,000 US$20,000 No other subscription or partial withdrawal transaction was done At the end of the 61st Policy Month, the Policy Value is US$138,000 with the following breakdown: Policy Value at the end of the 61 st Policy Month (US$) Attributable to the 1 st subscription (made 61 months ago) Attributable to the 2 nd subscription (made 55 months ago) 112,000 26,000 Total 138,000 The annual bonus is calculated based on the Policy Value in the previous 12 months: End of Policy Month Policy Value US$ (A) Policy Value attributable to subscription aged less than 61 months US$ (B) 60 th and before Annual bonus is not available Policy Value eligible for bonus US$ (A) - (B) 61 st 138,000 26, , nd 139,000 24, , rd 130,000 25, , th 123,580 24,200 99, th 131,000 27, , th 135,000 28, , th 141,000 0* 141, th 140, , th 146, , th 155, , st 150, , nd 151, ,000 At the end of the 6th policy year Sum of Policy Value eligible for bonus in previous 12 months (C) 1,524,080 Average Policy Value eligible for bonus (D) = (C) / ,007** * At the end of the 67 th Policy Month, all subscriptions are aged 61 months or more. The annual bonus credited to the policy at the end of the 6 th policy year is US$770 as calculated below: Annual Bonus Calculation (US$) Average Policy Value eligible for bonus (US$) Annual Bonus (US$) First Tier (0.0%) 20,000 0 Second Tier (0.5%) 30, Third Tier (0.7%) 50, Remainder (1.0%) 27,007** 270** Total 127,007** 770** ** The figures are rounded to the nearest integer. 8

100 9 3.3 Subscription For subscription of notional units of Investment Choice, Manulife must receive the following: (i) A valid subscription application: clear instruction with the procedures prescribed in the following paragraphs must be received by Manulife s administration office in respect of the subscription; and (ii) The subscription monies in cleared funds. Initial subscription shall be made by submitting the completed and signed Application Form and the subscription payment in cleared funds together with all requisite documents as set out therein. The minimum initial subscription of the Plan is US$6,000 per policy or its equivalent in Hong Kong Dollar and US$1,500 per Investment Choice or its equivalent in Hong Kong Dollar. The policyowner may also make optional subsequent lumpsum subscriptions by submitting the completed and signed Investment Choice Services Form specifying the subscription allocation with the subscription payment in cleared funds. The minimum subsequent lump-sum subscription is US$1,500 per policy or its equivalent in Hong Kong Dollar and US$250 per Investment Choice or its equivalent in Hong Kong Dollar. The maximum total cumulative amount of initial subscription and subsequent lump-sum subscriptions is US$1,250,000 per life insured. If the life insured has more than one policy under the Plan with Manulife, the limit will apply to total initial and subsequent lump-sum subscriptions made into all these policies. The policyowner may also make optional regular subscriptions for Investment Choices through bank autopay. The subscription frequency can be monthly, quarterly, semi-annually or annually. Such application can be made by submitting the completed and signed Application Form and the Direct Debit Authorization Form together with all requisite documents as set out therein upon initial subscription or by submitting the completed and signed Investment Choice Services Form and the Direct Debit Authorization Form together with all requisite documents as set out therein for subsequent application or changes. Confirmation notice will be sent to the policyowner once the setup of bank autopay has been completed. The minimum regular subscription via bank autopay is US$500 per regular subscription per policy or its equivalent in Hong Kong Dollar and US$250 per regular subscription per Investment Choice or its equivalent in Hong Kong Dollar. The regular subscription per life insured is subject to maximum limit of US$15,000 for monthly subscription, US$45,000 for quarterly subscription, US$90,000 for semi-annual subscription and US$180,000 for annual subscription. If the life insured has more than one policy under the Plan with Manulife, the limit will apply to total regular subscriptions made into all these policies. The policyowner is allowed to stop any optional regular subscriptions at any time without attracting any fees and charges. No subsequent subscription, including subsequent lumpsum subscription and regular subscription, is allowed after the policy Anniversary nearest to age 60 of the policyowner or the life insured. Manulife may change the minimum or maximum subscription amount with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Initial and subsequent lump-sum subscriptions will be effected on the same day after receipt of a valid subscription application and the subscription payment in cleared funds by the administration office of Manulife by 3:00 p.m. on a dealing day, with the exception that dealing is suspended as outlined in section 5.7 in which the instruction would be effected on the day normal trading is resumed. If the valid subscription application is received later than the dealing cut-off time, Manulife will effect the subscription on the following dealing day. Regular subscriptions by bank autopay will be effected upon receipt of payment from the policyowner s banker by Manulife. No interest on the subscription amount will be paid to the policyowner in respect of the period between the application date and the date that the subscription is effected. Manulife may in its sole discretion effect the subscription notwithstanding the subscription monies have not been received in cleared funds. The policyowner should ensure that the subscription amount is paid to Manulife in cleared funds and the original copy of subscription application, if applicable, is completely received by Manulife. In any event the full amount of subscription monies are not received by

101 Manulife in cleared funds, or the completed original signed Application Form together with all requisite documents as set out therein are not received by Manulife within 2 business days from the subscription date, Manulife has the right to cancel any subscription. Manulife shall be entitled to claim from the policyowner any loss in realizing the value of any assets acquired through such cancelled subscription. In order to ascertain the subscription amount in base currency, Manulife will calculate the United States Dollar equivalent of the subscription monies (if made in Hong Kong Dollars) at a prevailing exchange rate determined by Manulife acting in good faith and commercially reasonable manner with reference to the market rates. All bank charges and cost of converting into United States Dollar may be deducted from the subscription monies and the resulting net United States Dollar amount will be used to subscribe for the Investment Choice(s). Payments in Hong Kong or United States Dollar can be made by cheques or bank drafts payable to Manulife (International) Limited. Subsequent regular subscriptions can be made by bank autopay. Manulife reserves the right to reject any subscription application in whole or in part if the information provided by the policyowner during application is insufficient or does not meet Manulife s requirements. If an application is rejected, Manulife will, at the risk of the applicant, within 5 business days of the date of rejection return the application monies or balance thereof without interest by cheque. Manulife does not receive such instruction before the expiry of the notice of Investment Choice closure, Manulife may make the subscription according to the arrangement prescribed in the notification at Manulife s determination as if Manulife has received the policyowner s instruction to do so and such subscription shall be final and binding on the policyowner. Manulife may change the subscription procedures with not less than 1 month s prior written notice or such other period in compliance with the relevant regulatory requirements. 3.4 Policy Surrender and Partial Withdrawal Policyowner may surrender the policy by redeeming all notional units / amount of the Investment Choices under the policy. Policyowner may also make partial withdrawal from the policy by redeeming part of notional units/amount of the Investment Choices under the policy. Partial withdrawal is subject to (i) the minimum withdrawal amount of US$1,000 per policy or its equivalent in Hong Kong Dollar; and (ii) the minimum Account Value of US$1,500 for an Investment Choice immediately after partial withdrawal; and (iii) the minimum Policy Value of US$5,000 immediately after partial withdrawal. The partial withdrawal instruction will not be processed if any one of the above mentioned minimum requirements is not met unless (i) the partial withdrawal amount is the entire Account Value of an Investment Choice and (ii) the Policy Manulife may at any time cease to allow subscription to notional units of any Investment Choice. Manulife will give the policyowner not less than 1 month s prior written notice, or such other period of notice in compliance with the relevant regulatory requirements, of Manulife s intention to close an Investment Choice with the arrangement prescribed by Manulife for the existing instruction for subscription to an Investment Choice to be closed. If the policyowner s existing instruction for the allocation of the subscription includes any allocation to an Investment Choice to be closed, the policyowner must change his instruction to exclude such Investment Choice in accordance with policy contract by completing the relevant forms supplied by Manulife. If 10

102 Value immediately after such partial withdrawal still meets the minimum Policy Value requirement. Manulife may change the minimum withdrawal amount, the minimum Policy Value requirement or the minimum Account Value requirement with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Partial withdrawal or early surrender of policy is subject to any applicable early redemption fee of up to 6% of the redemption amount due to partial withdrawal / policy surrender. The partial withdrawal / policy surrender proceeds will be the redemption amount less any applicable early redemption fee. An early redemption fee will be charged if partial withdrawal / policy surrender is made within the first five years of the subscription. However, annual bonus is not subject to any early redemption fee. The Account Value attributable to the annual bonus of an Investment Choice will be redeemed before the redemption of the remaining Account Value of the Investment Choice. Please refer to section 6 for details and an illustrative example of early redemption fee. Partial withdrawal from the Policy Value or early surrender of the policy may result in a significant loss of principal and/or bonuses to be awarded. Poor performance of the underlying funds / assets may further magnify the investment losses, while all fees and charges are still deductible. Partial withdrawal will also lead to a reduction in the Policy Value and therefore the death benefit payable and bonuses will also be reduced. It may also lead to termination of the policy if the Policy Value drops to zero. To effect the partial withdrawal or policy surrender, the Investment Choice Services Form should be completed, signed and received by administration office of Manulife by 3:00 p.m. Hong Kong time provided that the day is a dealing day. If the Investment Choice Services Form is received later than the dealing cut-off time, Manulife will effect the redemption on the following dealing day. Manulife may also accept the partial withdrawal / policy surrender instruction in other means such as electronic form to be prescribed by Manulife from time to time. Such instruction will be effected on the same day with the exception that (1) limit is imposed 11 on redemption as outlined in section 5.5 in which requests not redeemed will be deferred to the next dealing day subject to the same limitation and effected in priority to later requests or (2) dealing is suspended as outlined in section 5.7 in which the instruction will be deferred until normal trading is resumed. Payment of the partial withdrawal / policy surrender proceeds will be made within 15 business days after receipt by Manulife of all required partial withdrawal / policy surrender documents on a dealing day and all relevant notional units / amount of Investment Choices under the policy have been redeemed subject to limitation as set out in section 5.5 and 5.7. The policyowner is therefore reminded that the payment of partial withdrawal / policy surrender proceeds will be delayed if the procedures set out above are not followed. Manulife may extend the payment period due to any exceptional event which is beyond control of Manulife, payment will be carried out as soon as practicable after cessation of such event. No interest will be paid on the redemption amount by Manulife in respect of the period between the effective date of partial withdrawal / policy surrender request and the date of payment. Payments in Hong Kong or United States Dollars will be made by cheque. If the partial withdrawal/ policy surrender payment request is in Hong Kong Dollars, Manulife will calculate the Hong Kong Dollar of the proceeds at a prevailing exchange rate determined by Manulife acting in good faith and commercially reasonable manner with reference to the market rate. All applicable bank charges and cost of converting into Hong Kong Dollars may be deducted from the partial withdrawal / policy surrender proceeds and

103 the resulting net Hong Kong Dollar amount will be paid to the policyowner. Manulife may change the partial withdrawal or policy surrender procedures with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. 3.5 Switching The policyowner may switch among Investment Choices. The Investment Choice Services Form should be completed, signed and received by the administration office of Manulife by 3:00 p.m. Hong Kong time provided that the day is a dealing day. If the Investment Choice Services Form is received later than the dealing cut-off time, Manulife will effect the switching on the following dealing day. Manulife may also accept the switching instruction in other means such as electronic form to be prescribed by Manulife from time to time. Such instruction will be effected on the same day of the receipt of the completed Investment Choice Services Form with the exception that (1) limit is imposed on switching out as outlined in section 5.5 in which requests not switched out will be deferred to the next dealing day subject to the same limitation and effected in priority to later requests or (2) dealing of the Investment Choices to be switched out and / or dealing of the Investment Choices to be switched in is suspended as outlined in section 5.7 in which the instruction will be deferred until normal trading is resumed. No interest on the switching amount will be paid to the Policyowner in respect of the period between the switching out transaction and the switching in transaction. The minimum switching amount is US$250 or its equivalent in Hong Kong Dollar for each switching from one Investment Choice to another. Switching below the minimum amount will still be allowed provided the requested switching amount is the entire Account Value of the Investment Choice to be switched out. Manulife may change the minimum switching amount with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. The switching out is subject to a minimum Account Value of US$1,500 for an Investment Choice immediately after switching out. The switching out instruction will not be processed if the remaining Account Value of the Investment Choice to be switched out is less than this minimum value after the switching. Switching not meeting the minimum requirements will still be allowed provided the requested switching amount is the entire Account Value of the Investment Choice to be switched out. Manulife may change the minimum Account Value of an Investment Choice with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. The policyowners are currently entitled to free switching between Investment Choices. However, Manulife may charge a switching fee with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Manulife may at any time cease to allow any switching in to any Investment Choice and notify the policyowners as soon as reasonably practicable. Manulife may change the switching procedures with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. 12

104 4 Investment Choices Manulife may set up unitized Investment Choices and non-unitized Investment Choices under the Plan pursuant to the relevant regulatory requirements. The underlying investment of each Investment Choice can be an individual SFC-authorised fund or an internally managed portfolio of SFC-authorised funds. Manulife may at any time, in its sole discretion and pursuant to the relevant regulatory requirements, establish a new Investment Choice under the Plan. Manulife may, with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements, i) Change the investment objectives and policies of any Investment Choice; ii) Terminate any Investment Choice; iii) Close any Investment Choice to any future subscription; iv) Merge or sub-divide any Investment Choice. 5 Dealing and Valuation 5.1 Dealing Day 5.2 Investment Choice Allocation Investment Choices other than the China Market Investment Choices Dealing day is any day on which the banks in Hong Kong are open for business except for (i) Saturdays; or (ii) days on which dealing is suspended; or (iii) other days as Manulife may from time to time determine due to an unexpected events. Non-unitized Investment Choice and notional units of unitized Investment Choices will be valued for or issued / redeemed on each dealing day China Market Investment Choices Dealing day definition of China Market Investment Choices is outlined in section 2 of Annex. Allocation of the notional units of the unitized Investment Choice(s) or the amount of the non-unitized Investment Choice(s) is executed in accordance with the applicable Investment Choice allocation instruction. The number of notional units issued and allocated of a unitized Investment Choice will be determined by dividing the subscription amount to that Investment Choice by the Issue Price as determined in accordance with section 5.6. The notional unit issued and allocated will be rounded to nearest 4 decimal places. Manulife may from time to time change the rounding of unit issued with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Any remaining balance after such rounding will be absorbed by 13

105 the Investment Choice. The subscription amount of a nonunitized Investment Choice will be added to the Account Value of the non-unitized Investment Choice. 5.3 Redemption The redemption amount of a unitized Investment Choice will be determined by the notional units of that Investment Choice redeemed multiplying the Redemption Price as determined in accordance with section 5.6. If the redemption request is in terms of amount, the number of notional units to be redeemed will be determined by dividing the requested redemption amount of that Investment Choice by the Redemption Price. Early redemption fee is deducted from the redemption amount before the redemption proceeds is paid to the policyowner. If the switching in Investment Choice is a non-unitized Investment Choice, the notional units of the unitized Investment Choice to be switched out shall be redeemed based on the Redemption Price of such relevant switching out Investment Choice and the switch out amount, after deduction of any applicable switching fee and / or Exit Fee, shall be added to the Account Value of the non-unitized Investment Choice. If the switched out Investment Choice is a non-unitized Investment Choice, the amount to be switched out shall be withdrawn from the non-unitized Investment Choice, after deduction of switching fee if applicable, and allocated to the relevant switching in unitized Investment Choice. The number of notional units allocated shall be based on the Issue Price of such relevant switching in unitized Investment Choice. Subject to early redemption fee, the redemption amount of a non-unitized Investment Choice will be withdrawn from the Account Value of the Investment Choice. The Account Value of the Investment Choice, at the time of redemption, will include the accrued interest for the period between the last interest credit date and the redemption date. 5.4 Switching All or part of the Account Value of the Investment Choices may be switched to any other Investment Choices by the redemption of the notional units / amount of the first-mentioned Investment Choices and the subscription with the redemption amount to the notional units / amount of the second-mentioned Investment Choices. If Account Value of a unitized Investment Choice is switched to another unitized Investment Choice, redemption of notional units of the unitized Investment Choice to be switched out shall be based on the Redemption Price of such relevant switching out Investment Choice and the subscription of notional units of the unitized Investment Choice to be switched in shall be based on the Issue Price of such relevant switching in Investment Choice. Any applicable switching fee and / or Exit Fee will be deducted from the switch out amount. The Issue Price and Redemption Price will be determined in accordance with section Redemption and Switching out Limitation Manulife reserves the right to limit redemption and switching out of notional units of an Investment Choice to 10% of its net asset value on a dealing day. to section 5.6 for detailed information on the determination of the net asset value. This limitation will be applied pro rata to all redemption and switching out requests to be effected on any dealing day. Requests not redeemed will be deferred to the next dealing day subject to the same 10% limitation and effected in priority to later requests. China Market Investment Choices are subject to additional redemption and switch out limitation. to section 8 of Annex for details. 5.6 Determination of Net Asset Value, Issue Price and Redemption Price Unitized Investment Choices The underlying investments and assets of each unitized Investment Choice will be valued for each dealing day. The net asset value of a unitized Investment Choice will be determined by calculating the total value of the underlying investments and assets of the Investment Choice and deducting the liabilities attributable to the Investment Choice. In general, 14

106 i) quoted investments are valued at their latest available quoted traded price of the relevant investment at the close of business in the relevant stock exchange or market at or immediately preceding the valuation time which is the close of business in the last market to close of all relevant stock exchanges or markets on each day of valuation; ii) unquoted investments are assessed on the latest revaluation made or in the case of any unquoted security which is a money market instrument having a shortterm maturity at the discretion of Manulife, according to the value on the date of acquisition calculated on a yield to maturity and amortized to the remaining periods of maturity as required; iii) collective investment schemes are valued at their net asset values per share or unit or if more than one is quoted, the sell price; iv) cash and deposits are valued at face value; v) futures contracts are valued at an amount equal to the gain or (as the case may be) loss which would have been accrued to the net asset value of the relevant Investment Choice at the time which the relevant valuation is made if Manulife had at that time closed out the position of the contracts by entering into an equal and opposite futures contracts at market prices prevailing at that time; vi) if investments have been agreed to be purchased, such investments will be included and the purchase cost will be excluded; if investments have been agreed to be sold, such investments will be excluded and the sales proceeds will be included; Liabilities attributable to an Investment Choice shall include, but not limited to, any taxation related to the income from the underlying assets of the Investment Choice; any accrued or unpaid fees and expenses of the operations of the policy, Plan and Investment Choices; any outstanding borrowing and any outstanding settlement to policyowners. If in any case a particular value is not ascertainable as above provided or if Manulife shall consider that some other methods of valuation more accurately reflect the fair value of the relevant security or other assets for the purpose concerned then in such case the method of valuation of the relevant security or other asset shall be such as Manulife in its absolute discretion shall decide. The net asset value per notional unit of a unitized Investment Choice will be determined by dividing the net asset value of the Investment Choice by the number of notional units in issue. The Issue Price and the Redemption Price are equal to the net asset value per notional unit at the time of subscription or redemption as the case may be. The net asset value per notional unit, Issue Price and Redemption Price will be rounded to the nearest 3 decimal places. Manulife may from time to time change the rounding of Issue Price or Redemption Price with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. For the purpose of valuation, subscription of notional units of the unitized Investment Choice on that dealing day will not be included in the valuation and no deduction will be made in respect of redemption of notional units on that dealing day. vii) Interest accrued on any instruments shall be taken into account up to the valuation day, unless such interest is included in the quoted value. Where the current price of a quoted security is quoted ex dividend, interest or other rights to which any underlying asset is entitled but such dividend, interest or the property or cash to which such rights relate has not been received and is not otherwise taken into account, the amount of such dividend, interest or cash or property shall be accrued to the net asset value of the relevant Investment Choice. 15

107 Manulife may change the valuation methodology and frequency with respect to any Investment Choice with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements Non-unitized Investment Choices For the determination of the fees and charges applicable to the net asset value of a non-unitized Investment Choice, the net asset value of each non-unitized Investment Choice means the Account Value of the Investment Choice of the relevant policy. For the details about the determination of the Account Value of each non-unitized Investment Choice, please refer to the Annex of the Investment Choices Brochure for details. 5.7 Suspension of Dealing Manulife may, having regard to the interests of the policyowners, suspend the dealing of the notional units of any Investment Choice and the determination of the net asset value, Issue Price or Redemption Price of any Investment Choice or its notional units in the following circumstances: i) There is in existence any state of affairs prohibiting the normal disposal of the underlying investments or assets of the Investment Choice; ii) There is a closure of or restriction or suspension of trading on any securities markets on which a substantial part of the underlying investments or assets of the relevant Investment Choice is traded or a breakdown in any of means employed by Manulife in determining the net asset value of an Investment Choice or ascertaining the value of any underlying investments or assets of an Investment Choice; iii) For any other reason, the prices of the underlying investments or assets of an Investment Choice cannot, in the opinion of Manulife, acting in good faith and commercially reasonable manner, be ascertained; iv) In the opinion of Manulife, acting in good faith and commercially reasonable manner, it is not practicable or is prejudicial to the interest of the policyowners to realize any underlying investments or assets of the Investment Choice; or v) The remittance or repatriation of funds which may be involved in the redemption of or in the payment for the underlying investments or assets of any Investment Choice or the subscription for or redemption of any notional units is delayed or cannot, in the opinion of Manulife be effected at reasonable prices or reasonable rates of exchange. The fact that dealing is suspended will be published as soon as practicable following such decision and at least once a month during the period of suspension, in the newspapers in which the unit prices of Investment Choices are published. Normal dealing will be resumed after the end of the suspension period. Any outstanding transactions submitted or scheduled during the suspension (including but not limited to fee deduction, subscription, redemption and switching) will be carried out on the day normal trading is resumed. 16

108 6 Fees and Charges Manulife reserves the right to vary the below fees and charges and / or impose new fees and charges with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Fees and charges at the Plan level Fees and charges Account maintenance fee Out-of-pocket expense Switching fee Current rate 1.2% per annum of the net asset value of the Investment Choice(s), daily accrued(*) from the net asset value of the Investment Choice(s) and reflected in the unit price of unitized Investment Choice(s) or net interest declared for non-unitized Investment Choice(s) #. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Up to 0.03% per annum of the net asset value of the Investment Choice(s), daily accrued(*) from the net asset value of the Investment Choice(s) and reflected in the unit price of unitized Investment Choice(s) or net interest declared for non-unitized Investment Choice(s) #. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Out-of-pocket expenses are actual expenses incurred for the operations at the Plan and Investment Choice levels, which include but not limited to, the fees of audit, legal and other advisers, the costs of unit price publishing, printing and distributing offering document, reports, notices, statements and newsletters, transaction costs, accounting and valuation, taxes and other reasonable out-of-pocket expenses. Currently nil Charge as a percentage of the redemption amount due to partial withdrawal or surrender of the policy. Subscription of less than Percentage of the redemption amount 1 year 6% 2 years 5% 3 years 4% 4 years 3% 5 years 2% Early redemption fee Early redemption fee does not apply to subscription that was made for 5 years or more. Years will be measured from the actual date of each subscription. Early redemption fee will be applied to the earliest subscription first (first-in-first-out basis). Switching will not affect the age of the subscription such that the same first-in-first-out basis will apply to the switching transactions accordingly. Early redemption fee is deducted from the redemption amount due to partial withdrawal / policy surrender before the partial withdrawal / policy surrender proceeds is paid to the policyowner. The annual bonus is not subject to any early redemption fee. The Account Value attributable to the annual bonus of an Investment Choice will be redeemed before the redemption of the remaining Account Value of the Investment Choice. * For the China Market Investment Choices, the account maintenance fee and out-of-pocket expense are monthly accrued from the net asset value of China Market Investment Choices and reflected in the unit price of the China Market Investment Choices. # Currently, there is no non-unitized Investment Choice. 17

109 Fees and charges at the Plan level The following is a hypothetical example and is for illustrative purposes only to demonstrate how to calculate the early redemption fee: When the policy was issued, a subscription of US$70,000 was made to Investment Choice A. At the end of 24 th Policy Month, US$40,000 was switched from Investment Choice A to Investment Choice B and a subsequent subscription of US$18,000 was made to Investment Choice B. At the end of 30 th Policy Month, the switching amount of US$40,000 from Investment Choice A to Investment Choice B at the end of 24 th Policy Month has grown to US$41,000; and the remaining Account Value in Investment Choice A after the switching of Investment Choices at the end of 24 th Policy Month attributed to the 1 st subscription has grown to US$38,300. Afterwards, no further subscription, switching or partial withdrawal transaction was done. Assuming that at the end of 30 th Policy Month, the Policy Value increased to US$97,750 (note 1) and the policyowner requests to partially withdraw US$45,000 from Investment Choice B. Original Account Value Early redemption fee Amount in US$ subscription Assumed balance as of the To be amount end of 30 th Rate Fee amount Policy Month redeemed 1 st subscription at issuance of policy (made less than 3 years) - Investment Choice A - Investment Choice B 70,000 38,300 41,000-41,000 2 nd subscription at the end of 24 th Policy Month (made less than 1 year) - Investment Choice B 18,000 18,450 4,000 6% 240-4% - 1,640 Total 97,750 45,000 1,880 Requested partial withdrawal amount Early redemption fee Net partial withdrawal amount paid to policyowner (US$45,000-US$1,880) US$45,000 US$1,880 US$43,120 After the above partial withdrawal, the Policy Value was US$52,750 and the policyowner switched all the Account Value of Investment Choice B to Investment Choice A. At the end of 72 nd Policy Month, it is assumed that an annual bonus of US$119 was credited to the policy (note 2). At the end of 73 rd Policy Month, it is assumed that the Policy Value increased to US$63,420 (note 3) and the policyowner requests to redeem US$50,000 of Investment Choice A with the early redemption fee calculated as follows: Investment Choice A amount in US$ Original subscription / Annual bonus amount Account Value Assumed balance as of the end of 73 rd Policy Month To be redeemed Early redemption fee Rate Fee amount Annual bonus st subscription (made more than 5 years) 2 nd subscription (made less than 5 years) 70,000 45,960 45, ,000 17,340 3,920 2% 78.4 Total 63,420 50, Requested partial withdrawal amount Early redemption fee Net partial withdrawal amount paid to policyowner (US$50,000-US$78.4) US$50,000 US$78.4 US$49,921.6 Supplementary notes to illustration Note 1 The amount includes initial and subsequent subscription amount of US$88,000 and the respective assumed market value change of US$9,750. Note 2 The annual bonus is calculated based on the average Policy Value eligible for the bonus in the previous 12 Policy Months, which is assumed to be US$43,800 in this example. section 3.2 for the terms and conditions of the annual bonus. Note 3 The amount includes the balance just after the partial withdrawal at the end of the 30 th Policy Month (US$52,750), the assumed market value change on such balance between the end of 30 th and 73 rd Policy Month (US$10,550), the annual bonus credited at the end of 72 nd Policy Month (US$119) and the assumed market value change on such annual bonus at the end of the 73 rd Policy Month (US$1). 18

110 Fees and charges at the Investment Choice level Fees and charges fee Current rate fee varies with each Investment Choice ranging between 0.5% and 2.1% per annum of the net asset value of the Investment Choice. It is accrued daily(*) and reflected in the unit price of unitized Investment Choice(s) or net interest declared for non-unitized Investment Choice(s) #. The unit price is used for calculating the Account Value based on the allocated notional units of the Investment Choice. fee comprises the following: i) management fee charged by the underlying fund manager, which is also reflected in the unit price of the underlying fund; and ii) management fee charged by Manulife. to the Investment Choice Brochure for the management fee of each Investment Choice. * For the China Market Investment Choices, the management fee is monthly accrued from the net asset value of China Market Investment Choices and reflected in the unit price of the China Market Investment Choices. # Currently, there is no non-unitized Investment Choice. Underlying fund level The underlying funds of the investment choices may have separate fees and charges on performance fee, bid-offer spread, out-ofpocket expenses, and / or other miscellaneous fees and charges. Policyowner does not pay these fees and charges directly. The fees and charges will be deducted and reflected in the unit price of the underlying funds. For details, please refer to the offering documents of the underlying funds, which are available by Manulife upon request. China Market Investment Choices is also subject to Exit Fee, please refer to the Fees and Charges section as set out in section 11 of Annex for details. 7 Termination Termination of Policy The policy will be terminated on the earliest of the following events: i) The date of death claim submission; or 19 ii) The date Manulife approves the policyowner s written request for surrender of the policy; or iii) The Policy Value of the policy is zero. If the policy is terminated, the policyowner will lose the eligibility to all annual bonuses to be credited in future.

111 Termination of Investment Choice Manulife may, with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements, terminate any Investment Choice by: Switching the Account Value of the terminating Investment Choice to the Account Value of another Investment Choice in such manner as will be prescribed by Manulife at the time of notice. If, under the policy, there is Account Value in the Investment Choice to be switched, the policyowner may request a switching from such Investment Choice to another Investment Choice. If Manulife does not receive such request before the expiry of the notice of Investment Choice switching, Manulife may make a switching of the Investment Choice concerned to another Investment Choice of Manulife s arrangement prescribed in the notification as if Manulife has received the policyowner s request to do so and such switching shall be final and binding on the policyowner; and / or Merging the Account Value of an Investment Choice to another Investment Choice or sub-dividing an Investment Choice into any new Investment Choice which leads to termination of the Investment Choice concerned. If, under the policy, there is Account Value in the Investment Choice to be merged or terminated, the policyowner may request a switching from such Investment Choice to another Investment Choice. If Manulife does not receive such request before the expiry of the notice of the Investment Choice merger or termination, Manulife may make the merger or termination according to Manulife s arrangement prescribed in the notification as if Manulife has received the policyowner s request to do so and such merger and termination shall be final and binding on the policyowner. 8 General Information 8.1 Customer Communication Various e-communication services are available at Manulife website: The policyowner can access the latest Policy Value and other policy information at any time. Updated Investment Choice information such as daily prices and fact sheets can be easily retrieved. Notice of subscription, partial withdrawal, policy surrender or switching will be issued to the policyowner upon the completion of the transaction. Periodic statement that summarizes the Account Value of each selected Investment Choice, the Policy Value and the transaction between statements under the policy will be provided to the policyowner. Issue Price and Redemption Price are available at Manulife website and are also published 20

112 daily in several newspapers in Hong Kong, currently the Hong Kong Economic Journal and Hong Kong Economic Times. The policyowner can also contact Manulife customer service hotline for price enquiry. For enquiry or receipt of the offering documents of the Plan and / or the underlying funds of the Investment Choices, the policyowner can contact Manulife professional insurance advisor. The policyowner may also call Manulife Customer Hotline at for any enquiry and / for any complaint. The policyowner may also send a written request to our correspondence address provided in section Manulife may determine from time to time to change the above customer communication services and inform policyowner for the corresponding change. 8.2 Cooling-off Period Within the following time frame, whichever is the earlier: a) 21 days after the date of delivery of the policy; b) 21 days after the issue of a notice informing the policyowner or the policyowner s representative about the availability of the policy and the expiry date of the cooling-off period. The policyowner has the right to cancel the policy for a refund of any premium made less any market value adjustment and any applicable Exit Fee, by giving written notice to Manulife within the cooling-off period. Failure to exercise the above right will be deemed as final acceptance of the policy and shall be bound by the terms and conditions of the policy provisions. The market value adjustment must be calculated solely with reference to the loss in realizing the value of any assets acquired through investment of the premium made under the policy. It shall not include any allowance for expenses or commissions in connection with the issuance of the contract. 8.3 Death Benefit Claim Process The beneficiary or any person who is entitled to the death benefit under the policy is required to tender to Manulife the policy documents, and completed forms provided by Manulife and: a) such identification documents of the claimant detemined by Manulife; b) such proof of death and cause of death of the life insured as determined by Manulife; c) such proof of the age of the life insured as determined by Manulife; and d) any other facts which Manulife may consider material to the claim. After these requirements have been received along with the policy documents and completed forms provided by Manulife and all notional units / amount of the Investment Choice under the policy have been redeemed subject to limitation as set out in section 5.5 and 5.7, the death benefit will be paid to the beneficiary or any person who is entitled to the benefit under the policy within 15 business days thereafter. Manulife may extend the payment period due to any exceptional event which is beyond control of Manulife, payment will be carried out as soon as practicable after cessation of such event. No interest will be paid on the death benefit and no fees and charges will be deducted from the policy in respect of the period between the date of death claim submission and the date of payment. 8.4 Settlement After termination, the policy will be settled in accordance with its terms upon Manulife s receipt of due proof of the life insured s death and age or upon the policy surrender for its Policy Value of this policy, whichever is the earlier event. Presentation of the policy with a discharge and adherence to Manulife s procedures on death claims / policy surrender (whichever is applicable), which Manulife will determine from time to time, will be required when such settlement is made. Upon settlement, Manulife s outstanding liability under the policy shall be fully discharged. Any indebtedness will be deducted in determining the amount payable in any settlement under the policy. 21

113 8.5 Optional Methods of Settlement Instead of receiving a lump-sum payment, the policyowner or the beneficiary or any person who is entitled to the benefit under this Policy as the case may be may request to have the policy surrender proceeds or death benefit proceeds, whichever is applicable, paid in an alternate form. The details of the terms and conditions of such alternate form shall be mutually agreed between Manulife and the policyowner or the beneficiary or any person who is entitled to the benefit under this Policy as the case may be. 8.6 Taxation Tax benefits may be derived from the policy arrangement depending on the tax law applicable to the policyowner s particular situation. The policyowner should seek professional advice regarding their specific tax circumstances. 8.7 Tax Compliance Under the U.S. Foreign Account Tax Compliance Act ( FATCA ), a foreign financial institution ( FFI ) is required to report to the U.S. Internal Revenue Service ( IRS ) certain information on U.S. persons that hold accounts with that FFI outside the U.S. and to obtain their consent to the FFI passing that information to the IRS. An FFI which does not sign or agree to comply with the requirements of an agreement with the IRS ( FFI Agreement ) in respect of FATCA and / or who is not otherwise exempt from doing so (referred to as a nonparticipating FFI ) will face a 30% withholding tax ( FATCA Withholding Tax ) on all withholdable payments (as defined under FATCA) derived from U.S. sources (initially including dividends, interest and certain derivative payments). The U.S. and Hong Kong have signed an inter-governmental agreement ( IGA ) to facilitate compliance by FFIs in Hong Kong with FATCA and which creates a framework for Hong Kong FFIs to rely on streamlined due diligence procedures to (i) identify U.S. indicia, (ii) seek consent for disclosure from its U.S. policyowners and (iii) report relevant tax information of those policyowners to the IRS. FATCA applies to Manulife and this Plan. Manulife is a participating FFI. Manulife is committed to complying with FATCA. To do so, Manulife requires the policyowner to: i) provide to Manulife certain information including, as applicable, the policyowner s U.S. identification details (e.g. name, address, the US federal taxpayer identifying numbers, etc); and ii) consent to Manulife reporting this information and the policyowner s account information (such as account balances, interest and dividend income and withdrawals) to the IRS. If the policyowner fails to comply with these obligations (being a Non-Compliant Accountholder ), Manulife is required to report aggregate information of account balances, payment amounts and number of non-consenting US accounts to IRS. Manulife could, in certain circumstances, be required to impose FATCA Withholding Tax on payments made to, or which it makes from, the policyowner s policy. Currently the only circumstances in which Manulife may be required to do so are: i) if the Inland Revenue Department of Hong Kong fails to exchange information with the IRS under IGA (and the relevant tax information exchange agreement between Hong Kong and the U.S.), in which case Manulife may be required to deduct and withhold FATCA. Withholding Tax on withholdable payments made to the policyowner s policy and remit this to the IRS; and ii) if the policyowner is (or any other account holder is) a nonparticipating FFI, in which case Manulife may be required to deduct and withhold FATCA Withholding Tax on withholdable payments made to the policyowner s policy and remit this to the IRS. The policyowner should seek independent professional advice on the impact FATCA may have on the policyowner or the policyowner s policy. 22

114 8.8 Third Party Rights Your policy is excluded from the application of The Contracts (Rights of Third Parties) Ordinance (Chapter 623) ( the Ordinance ). Accordingly, other than Manulife and the policyowner, a person who is not a party to the policy (e.g. a third party beneficiary) shall have no right under the Ordinance to enforce any of the terms of the policy. 8.9 Governing Law The Plan shall be governed by and construed according to the laws of Hong Kong Special Administrative Region Parties Involved Insurer Manulife (International) Limited Incorporated in Bermuda with limited liability 22/F, Manulife Financial Centre, Wai Yip Street, Kwun Tong, Kowloon, Hong Kong Correspondence Address G.P.O. Box 201, Hong Kong Printed in June

115 Annex Features and operations specific to the Manulife Inv China A Fund and Manulife Inv China Bond Fund ( China Market Investment Choices ) 24

116 25 1. Restrictions on Policyowners and Life Insured The following (collectively Mainland China Persons ) are not allowed to apply for notional units of any of the China Market Investment Choices, or be policyowner(s) or life insured of a policy under the Plan that holds any notional units of the China Market Investment Choices: i) Chinese citizens resident in the People s Republic of China, excluding Hong Kong, Macau and Taiwan (the Mainland China ); ii) Chinese citizens resident outside the Mainland China who are not permanent residents of Hong Kong, Macau or Taiwan or another country; and iii) Any legal person, corporation, partnership, or other entity registered, incorporated or established in the Mainland China. Manulife shall have right to impose such restrictions for the purpose of ensuring that no notional units of the China Market Investment Choices are applied for or held by any Mainland China Persons with respect to the restrictions as stated above. Upon notice that any notional units are so held, Manulife may require such person to redeem or switch out such notional units in accordance with the redemption / switching out arrangements, including the payment of applicable early redemption fees and / or Exit Fee as stated in section 11 of this Annex. A person who becomes aware that he is in contravention of the above restrictions is required either to redeem or switch out such notional unit in accordance with section 7 to 9 of this Annex. Manulife may request the policyowner(s) and the proposed life insured, or life insured under any circumstances to provide copies of their identification documents. The same restrictions are imposed on the holding of units of underlying funds corresponding to the China Market Investment Choices. 2. Dealing Day The dealing day of the China Market Investment Choices will follow that of the respective underlying funds except for (i) suspension of dealing or (ii) other days as Manulife may from time to time determine due to an unexpected event. Dealing frequency and dealing day of the China Market Investment Choices may be different from that of other Investment Choices. Dealing day and dealing frequency of respective underlying funds should be referred to the offering documents of the respectively underlying funds, which are made available by Manulife upon request. 3. Life Coverage Under the Plan, the life coverage of the insured equivalent to 105% of the Policy Value as at the submission date of the death claim, which is a dealing day or if that day is not a dealing day, the first dealing day immediately after that day, will be paid upon Manulife s approval of the death claim. For the purpose of determining the life coverage as regards Policy Value represented by notional units of any of the China Market Investment Choices: the Account Value will be calculated based on the unit price as at the dealing day(s), subsequent to the submission date of the death claim, on which any notional units of the China Market Investment Choices are redeemed. the life coverage of the insured as regards Policy Value represented by notional units of the China Market Investment Choices is equivalent to 105% of the Account Value of the China Market Investment Choices, as at the dealing day(s) on which the corresponding China Market Investment Choices are redeemed. redemption requests and their settlements are subject to limits imposed on the underlying funds. The period required for their settlement can be longer than that of other Investment Choices. to sections 8 to 9 of this Annex for details on the redemption and settlement arrangements. premium paid for application for notional units of the China Market Investment Choices before successful unit allocation of the China Market Investment Choices is not considered to be part of the Policy Value, and therefore, no benefit of life coverage is entitled as regards such premium paid. If the applicant has selected only the China Market Investment Choice(s) and unit allocation is successful, the policy is effective on the launch date.

117 If the life insured commits suicide whether sane or insane, Manulife s only liability will be limited to 100% of the Policy Value, attributable to the subscription made in the twelve months immediately prior to the suicide ( 12-month Period ) and 105% of the Policy Value attributable to the subscription made prior to the 12-month Period. 4. Annual Bonus The China Market Investment Choices are eligible as the basis of calculating annual bonus in respect of the premium paid but notional units of the China Market Investment Choices will not be allocated as regards annual bonus to be credited to the policy. Notional units of other Investment Choices in proportion to the Account Value of each of such Investment Choices, which is open for subscription, on the date on which the relevant bonus is awarded will be allocated as regards such annual bonus. If the policy has notional units only in any of the China Market Investment Choices and / or any Investment Choices which are not open for subscription, annual bonus credited to the policy will be added to the Account Value of the Manulife Inv Amundi Cash Fund. 5. Subscription i) Subscription Period Manulife may open one or all of the China Market Investment Choices for subscription if the respective underlying fund(s) is / are available for subscription. Manulife will notify prospective and existing policyowners of the subscription period for this purpose ( Subscription Period ) through Manulife s public website ( or other mode(s) as Manulife thinks fit. ii) Application Procedures and Requirements Applicants / policyowners shall complete the application form together with all requisite documents as set out therein as prescribed by Manulife and submit their applications together with premium amounts to the administration office of Manulife during the Subscription Period. Application will not be processed by Manulife until the premium paid is in cleared funds. Applications cannot be cancelled once they are submitted to Manulife, except those that are pertaining to newly issued policies being cancelled during the cooling-off period. Application can be made through initial subscription under an application for a new policy or subsequent lump-sum subscriptions under an existing policy of the Plan. Regular subscriptions to the China Market Investment Choice are currently not allowed. The minimum initial premium amount for the application of a new policy is US$6,000 per policy, or equivalent Hong Kong Dollars. For an initial subscription or a subsequent lump-sum subscription to each China Market Investment Choice, the minimum premium amount is US$1,500, or equivalent Hong Kong Dollars. Manulife does not accept switching out amount from any other existing policyowners selected Investment Choices under the Plan to any of the China Market Investment Choices as premium payment for the application for notional units of the China Market Investment Choices. Application with cleared funds submitted before the cut-off time at 3:00 p.m. Hong Kong time of the subscription cut-off day will be handled on the dealing day. The subscription cutoff day of Manulife Inv China A Fund and Manulife Inv China Bond Fund is the respective dealing day. Any application submitted after the cut-off time of the subscription cut-off day will be handled on the next dealing day. Manulife reserves the right to revise the cut-off time and the subscription cut-off day schedule (if any). For new applicants to the Plan who have selected the China Market Investment Choices and only applied for notional units of the China Market Investment Choice(s), their policies will be issued and effective only after any unit of the China Market Investment Choices is successfully allocated as regards premium paid. Therefore, before unit allocation, they should not be entitled to any benefit of the Plan or subject to any fees and / or charges levied by the Plan or the underlying funds of the China Market Investment Choices. iii) Allocation Mechanism Each China Market Investment Choice is linked to an underlying fund investing in the securities market in Mainland China, subject to an approved investment quota ( QFII quota ) granted to a Qualified Foreign Institutional Investor ( QFII ) approved pursuant to the laws and regulations of the People s Republic of China. Depending on the availability of the QFII quota resulting from redemptions, the availability of additional QFII quota (if any) and / or ready access to other 26

118 appropriate instruments to invest the additional subscription proceeds in a timely manner, the board of directors of the underlying funds may accept applications for subscription. Due to the fact that the board of directors of the underlying funds has the discretion to reject all or part of the subscription to the underlying fund(s) due to the limited capacity of the underlying fund(s), Manulife as one of the investors of the underlying fund(s) cannot guarantee whether an application for subscription to the China Market Investment Choice(s) is / will be successful until Manulife s subscription to the underlying fund(s) is confirmed. If the board of directors of the underlying funds does not accept Manulife s subscription to the underlying fund(s) in full, Manulife may determine part of the applications to the respective China Market Investment Choice(s) to be unsuccessful. In such circumstances, notional units of the respective China Market Investment Choices will be allocated by Manulife on a pro-rata basis in line with the arrangement of the underlying fund(s). If the granted allocation amount in respect of an application after the pro-rated calculation is less than the minimum premium amount required under the Plan, i.e. US$1,500 or its equivalent in Hong Kong Dollars per China Market Investment Choice (for initial subscription and subsequent lump-sum subscription) or US$6,000 or its equivalent in Hong Kong Dollars per policy (for initial subscription only), Manulife reserves the absolute right to determine the application to be unsuccessful. iv) Application Results For successful applications (either in full or pro-rata), on the dealing day that the applications are handled, notional units of the respective China Market Investment Choices are allocated to the Plan as regards the portion of applications being successful and premium paid. A subscription notice will be mailed to the respective applicants / policyowners to notify the unit price and allocated notional units of each China Market Investment Choice applied for. For wholly and partially unsuccessful applications, a written notice with the full refund of premium amount paid for the portion of application being unsuccessful will be sent to the respective applicants / policyowners. Refunds of premium amount paid for the unsuccessful portion 27 of applications will be made without interest in the original premium payment currency to the respective applicants / policyowners within six (6) business days after the dealing day on which the applications are handled or such other period as decided by Manulife after considering the practicable operational conditions. Such refund is not subject to any fees or charges levied by the Plan or the underlying funds of the China Market Investment Choices. 6. Cooling-off Period Exit Fee is applicable upon policy cancellation or termination during the cooling-off period. to section 8.2 of the Product Brochure for information on cooling-off period. By giving written notice to Manulife within the cooling-off period, the policyowner has the right to cancel the policy for a refund of any premium paid less any (i) market value adjustment and, (ii) Exit Fee in respect of the Account Value of the China Market Investment Choices (please refer to section 11 of this Annex for details). Failure to exercise the above right will be deemed as final acceptance of the policy and shall be bound by the terms and conditions of the policy provisions. The market value adjustment must be calculated solely with reference to the loss in realizing the value of any assets acquired through investment of the premium made under the policy. It shall not include any allowance for expenses or commissions in connection with the issuance of the contract. 7. Partial Withdrawal, Policy Surrender, Switching and Death Claim Request Submission The China Market Investment Choices are subject to the redemption limit and settlement limit as stated in this section due to the restrictions and requirements applicable to QFII investment of the underlying funds, including repatriation limits. Partial withdrawal / policy surrender / switching procedures are different from those stated in section 3.4 and 3.5 of the Product Brochure and Exit Fee is applicable to partial withdrawal / policy surrender / switching requests in respect of the China Market Investment Choices due to such fee being charged by the underlying funds. If the policyowner has invested in the China Market Investment Choice, the period

119 required for settlement of death claim can be longer than that of other Investment Choices due to the additional redemption limit and settlement limit as set out in the offering documents of the underlying funds. Upon request of policy surrender, death claim, partial withdrawal or switching out from the China Market Investment Choice, notional units of the China Market Investment Choices will be redeemed on each dealing day subject to Exit Fee (not applicable to death claim) and, if applicable, early redemption fee (in case of partial withdrawal / policy surrender) as set out in section 6 of the Product Brochure. The policyowner or beneficiary or any person who is entitled to the benefit under the policy in the case of death claim shall complete the relevant form as prescribed by Manulife and submit their requests to the administration office of Manulife. Requests submitted on or before the cut-off time at 3:00 p.m. Hong Kong time of the redemption cut-off day ( Redemption Cut-off Time ) will be handled on the dealing day. The redemption cut-off day of Manulife Inv China A Fund and Manulife Inv China Bond Fund is the respective dealing day. Frequency of dealing of China Market Investment Choice may be different from that of other Investment Choices, please refer to section 2 of this Annex for details. Any request submitted after the Redemption Cut-off Time will automatically be handled on the next dealing day. Manulife reserves the right to revise the Redemption Cut-off Time. Partial withdrawal / policy surrender / switching out can only be requested in terms of number of notional units of the China Market Investment Choices to be redeemed. The policyowner should note that notional units of any China Market Investment Choices can only be switched to Manulife Inv Amundi Cash Fund. No switching from any other Investment Choices in to the China Market Investment Choices is permitted currently. Manulife reserves the right to change these rules and inform the policyowners accordingly with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. In the case of switching out from any of the China Market Investment Choices, the amount to be switched into Manulife Inv Amundi Cash Fund is the switching out amount less the Exit Fee. In the case of partial withdrawal / policy surrender, the partial withdrawal / policy surrender proceeds is the redemption amount less the early redemption fee and / or Exit Fee, if any. In the case of death claim, the Exit Fee charged by the corresponding underlying funds will be borne by Manulife and the death benefit proceeds attributed to the China Market Investment Choice is equal to 105% of the redemption amount without deduction of Exit Fee. 8. Limits on Redemption Requests Due to redemption limit that may be imposed on the underlying funds corresponding to the China Market Investment Choices Manulife may limit redemption due to partial withdrawal / policy surrender / switching out / death claim (collectively, redemption requests) of any of the China Market Investment Choices. Redemption requests received by Manulife before the Redemption Cut-off Time as set out in section 7 of this Annex will be handled on the respective dealing day on a pro-rata basis in line with the arrangement of the underlying funds and policyowners may partially redeem the China Market Investment Choices based on the allocated pro-rata amount. For all redemption requests which are not fully executed as a result of the pro-rata arrangement, such outstanding requests will be automatically carried forward to the next dealing day and will be dealt with in priority to later redemption requests. Manulife may defer a redemption request if the allocated amount as pro-rated is less than US$1,000 per policy for partial withdrawal / policy surrender and US$250 per China Market Investment Choice for switching out. Such a request will be automatically carried forward to the next dealing day for execution with priority to later redemption requests. Manulife may change the prioritization arrangement in reasonably practicable ways as it thinks fit with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. The China Market Investment Choices require longer time to redeem due to the current dealing arrangement and redemption limit imposed on the underlying funds. Any unexecuted redemption requests on each dealing day will be carried forward to the next dealing day. The policyowner or the beneficiary or any person who is entitled to the benefit under the policy in the case of death claim may receive redemption proceeds different from their expectation due to various factors, including market value movement and RMB exchange risk. 28

120 9. Restrictions and Delays on Settlement of Redemption Requests Policyowners should note that due to restrictions on the settlement of transactions in the underlying funds of the China Market Investment Choices, including but not limited to restrictions on capital repatriation under the QFII and liquidity of the China market ( to the product key facts statements of the underlying funds for details), the period required to settle the redemption transaction(s), after such redemption request(s) are executed, may be longer when compared to that of other Investment Choices, and is beyond Manulife s control. Due to the above said restrictions that may be imposed on the underlying funds corresponding to the China Market Investment Choices, Manulife may apply a settlement limit on each dealing day, and such a limit may vary from time to time. Settlement of the redemption proceeds, subject to the settlement limit, is allocated on a pro-rata basis. Payment of unsettled portions will be deferred to a later date after Manulife has received the redemption proceeds in priority to later redemption transactions. The policyowner concerned will be notified on any aforementioned unsettled payment amount which will be shown in an in-transit account. In the case of switching out from any of the China Market Investment Choices, any value in the in-transit account will be included as part of the Policy Value of the Plan and entitled to death benefit only but will not be entitled to annual bonus, and interest, and will not be subject to any fees and charges, as corresponding settlement money is not yet received by Manulife. Any of the switching out amounts settled will be switched to Manulife Inv Amundi Cash Fund and included in the calculation of its Account Value. Manulife but not fully settled, such unsettled partial withdrawal / policy surrender proceeds are no longer included in the Policy Value after the partial withdrawal / policy surrender request is executed and thus are not entitled to any death benefit. Manulife may change the settlement arrangement in reasonably practicable way as it thinks fit with not less than 1 month s prior written notice or such other period of notice in compliance with the relevant regulatory requirements. Partial withdrawal / policy surrender proceeds will be paid to the policyowner and / or switching out amount will be credited to Manulife Inv Amundi Cash Fund by the later of: (i) fourteen (14) business days after the end of the relevant calendar month when the redemption of notional unit was effected, or (ii) five (5) business days after the full redemption settlement amounts are received by Manulife. No interest will be paid on the redemption amount by Manulife in respect of the period between the date of redemption request and the date of payment. 10. Death Benefit Claim Process Subject to the conditions stated in section 8 to 9 of this Annex, the relevant death benefit will be paid to the beneficiary or any person who is entitled to the benefit under the policy within 15 business days after all required documents, information and completed forms provided by Manulife as described in section 8.3 are received by Manulife, and all notional units of the China Market Investment Choices of the policy have been redeemed. Manulife may extend the payment period due to any exceptional event which is beyond control of Manulife, payment will be carried out as soon as practicable after cessation of such event. The period required to settle the death benefit claim with regard to the China Market Investment Choices may be longer than that of other Investment Choices. No interest will be paid on the death benefit by Manulife in respect of the period between the date of death claim submission and the date of payment. In the case of policy surrender or partial withdrawal from any of the China Market Investment Choices, any value in the intransit account will not be included as part of the Policy Value of the Plan and will not be entitled to death benefit, annual bonus and interest, and will not be subject to any fees and charges. If the partial withdrawal / policy surrender request is made before the death of the life insured, and accepted by 29

121 11. Fees and Charges Fees and charges section at the Plan Level and the Investment Choice Level of the Principal Brochure applicable to China Market Investment Choices and Exit Fee, which is charged at underlying fund level, are listed below. Fees and Charges at the Plan Level Account maintenance fee Out-of-pocket expense Current Rate 1.2% per annum of the net asset value of the China Market Investment Choice(s), monthly accrued from the net asset value and reflected in the unit price. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Up to 0.03% per annum of the net asset value of the China Market Investment Choice(s), monthly accrued from the net asset value and reflected in the unit price. The unit price of unitized Investment Choice(s) is used for calculating the Account Value based on the allocated notional units of the respective Investment Choice(s). Out-of-pocket expenses are actual expenses incurred for the operations at the Plan and the Investment Choice levels, including but not limited to, the fees of audit, legal and other advisers, the costs of unit price publishing, printing and distributing offering document, reports, notices, statements and newsletters, transaction costs, accounting and valuation, taxes and other reasonable out-of-pocket expenses. Switching fee Early redemption fee Currently nil Charge as a percentage of the redemption amount due to partial withdrawal or surrender of the policy. Subscription of less than Percentage of the redemption amount 1 year 6% 2 years 5% 3 years 4% 4 years 3% 5 years 2 % Early redemption fee does not apply to subscription that was made for 5 years or more. Years will be measured from the actual date of each subscription. Early redemption fee will be applied to the earliest subscription first (first-in-first-out basis). Switching will not affect the age of the subscription such that the same first-in-first-out basis will apply to the switching transactions accordingly. Early redemption fee is deducted from the redemption amount due to partial withdrawal / policy surrender before the partial withdrawal / policy surrender proceeds is paid to the policyowner. The annual bonus is not subject to any early redemption fee. The Account Value attributable to the annual bonus of an Investment Choice will be redeemed before the redemption of the remaining Account Value of the Investment Choice. 30

122 Fees and Charges at the Investment Choice Level Current Rate fee fee varies by each China Market Investment Choice between 1.7% and 1.9% per annum of the net asset value of the China Market Investment Choice. It is accrued monthly and reflected in the unit price of the China Market Investment Choice. The unit price is used for calculating the Account Value based on the allocated notional units of the China Market Investment Choice. fee comprises the following: i) management fee charged by the underlying fund manager, which is reflected in the unit price of the underlying fund; and ii) management fee charged by Manulife. to the Investment Choice Brochure for the management fee of each China Market Investment Choice. Underlying fund level Redemption of notional units in the China Market Investment Choices are subject to an Exit Fee, which is the redemption charge levied by the relevant underlying funds and will be deducted from the redemption amount upon policy cancellation or termination during the cooling-off period, switching out, partial withdrawal or policy surrender. This Exit Fee is charged by underlying fund and will not be retained by Manulife. to offering document of corresponding underlying funds for details of Exit Fee. Performance fee may be levied on the underlying funds and reflected in the unit price of the respective China Market Investment Choices. to the offering documents of the underlying funds for the details. With effect from November 6, 2012, the performance fee of the underlying fund of Manulife Inv China A Fund has been waived until further notice. The performance fee for Manulife Inv China Bond Fund is currently nil but it may be imposed in the future. About Manulife (International) Limited Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$663 billion (HK$4,593 billion) as at September 30, Insurer: Manulife (International) Limited Incorporated in Bermuda with limited liability 22/F, Manulife Financial Centre, Wai Yip Street, Kwun Tong, Kowloon, Hong Kong Tel: (852) Web Site: Printed in June 2016 Manulife Financial Corporation trades as MFC on the TSX, NYSE and PSE, and under 945 on the SEHK. Manulife can be found on the Internet at manulife.com 31

123 MKTPP61 (06/2016)