_LionGuardian_SChi_V12

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1 LionGuardian Make life limitless

2 Matthew de Broize Original artworks painted by Matthew de Broize. All rights reserved by Generali Life (Hong Kong) Limited.

3 Generali Group A Leading Global Insurer Parent Company of Generali Life (Hong Kong) Limited A.M. Best A A.M. Best: Insurer Financial Strength Rating A (as of December 2017) Consistently listed in the Top 60 Fortune Global 500 Companies 60 71, ,000 employees in more than 60 countries (as of June 2018) 50 Among the 50 smartest companies in the world (MIT Technology Review) 5, billion Euro of Assets under management (as of June 2018) Listed in the most sustainable companies in the world by the Corporate Knights % billion Euro in premiums as of 2017 (over 66% from outside Italy) (as of June 2018) Medallia* Recognized as the most successful and expansive Net Promotor Score (NPS) program in the world by Medallia* * * a global leader in Customer Experience management and consulting

4 1 LionGuardian Unlimited Protection The future is unpredictable. No amount of intuition will change the fact that tragedy can strike when we least expect it. Rates of critical illnesses such as Stroke, Heart Attack, and Cancer are on the rise, particularly among younger people. In light of this, we strive to offer unlimited protection to provide financial security for your family in the unfortunate event of a personal illness. Generali aims to give you comprehensive life protection, as the first in the market that offers unlimited Major Critical Illness Benefit 1. Furthermore, the benefit paid out for major illness diagnoses will not be affected by previous claims. Even in the instance of a Benign Tumour that is not life threatening, child illnesses due to congenital defects or mental health conditions, we promise we will cover them all. LionGuardian is an extensive, hasslefree coverage that allows you and your loved ones to enjoy your wonderful life.

5 LionGuardian 2 Promises WE PROMISE to provide UNLIMITED COVERAGE 1 on Major Critical Illnesses We understand the importance of having peace of mind. LionGuardian is designed to provide UNLIMITED Major Critial Illnesses Benefit for health risk including Cancer, Stroke and Heart Attack over the course of your lifetime. 1 WE PROMISE every claim of Major Critical Illness Benefit 1 will be equal to 100% of Sum Assured Every claim of Major Critical Illness Benefit 1 you make is equally important, including the first claim. They will be all equal to 100% of the Sum Assured. WE PROMISE to waive your future premium after 100% Sum Assured is paid 2 After the benefit payable reaches 100% of the Sum Assured, you don t need to pay a premium for the basic plan anymore. Free coverage until age 100! WE PROMISE to offer protection against 138 different illnesses ( 9 ) This plan covers 69 Major Critical Illnesses 1 and 69 Early Stage or Minor Illnesses 4 (including 9 juvenile illnesses) to provide you with allround protection. WE PROMISE to protect the mental health of your children and cover congenital conditions (ADHD) % AttentionDeficit Hyperactivity Disorder (ADHD) 3, Autism 3 and Tourette Syndrome (TS) 3 are a more common concern among parents. Proper treatment can help to alleviate and manage many of the symptoms for these conditions. Parents can get 20% of the Sum Assured upon the first diagnosis of a mental health condition their child receives. We aim to help to relieve the burden of treatment. Moreover, illnesses due to congenital conditions are also being covered. 5 WE PROMISE to protect you even if it s a Benign Tumour 5 Removing a Benign Tumour is the only way to guarantee that it won t become an issue later. We will provide 20% of the Sum Assured to cover the surgical expenses for removal.

6 3 LionGuardian This Plan covers the following illnesses: Major Critical Illnesses Cancer Cancer Illness related to the Heart Cardiomyopathy Coronary Artery disease requiring Surgery Eisenmenger's Syndrome Heart Attack Heart Valve Surgery Infective Endocarditis Other Serious Coronary Artery Disease Primary Pulmonary Hypertension Surgery to Aorta Illnesses related to the Nervous System 11. Alzheimer s Disease / Irreversible Organic Degenerative Brain Disorders 12. Amyotrophic Lateral Sclerosis 13. Apallic Syndrome 14. Bacterial Meningitis 15. Benign Brain Tumour 16. Cerebral Aneurysm or Arteriovenous Malformation Requiring Surgery 17. Coma 18. Encephalitis 19. Hemiplegia 20. Major Head Trauma 21. Multiple Sclerosis 22. Muscular Dystrophy 23. Paralysis 24. Parkinson s Disease 25. Poliomyelitis 26. Primary Lateral Sclerosis 27. Progressive Supranuclear Palsy 28. Severe Myasthenia Gravis 29. Severe Progressive Bulbar Palsy 30. Spinal Muscular Atrophy 31. Stroke 32. Tuberculosis Meningitis Illnesses related to Major Organs and Functions 33. Acute Necrohemorrhagic Pancreatitis 34. Aplastic Anaemia 35. Chronic Autoimmune Hepatitis 36. Chronic Liver Disease 37. Chronic Relapsing Pancreatitis 38. Endstage Lung Disease 39. Fulminant Viral Hepatitis 40. Kidney Failure 41. Major Organ Transplant 42. Medullary Cystic Disease 43. Severe Bronchiectasis 44. Severe Crohn's Disease 45. Severe Emphysema 46. Severe Pulmonary Fibrosis 47. Severe Ulcerative Colitis 48. Systemic Lupus Erythematosus (SLE) with Lupus Nephritis 49. Systemic Scleroderma Early Stage and Minor Illnesses * Carcinomainsitu* * Early Stage Malignancy* Early Cardiomyopathy Endovascular Treatments of Aortic Disease or Aortic Aneurysm Less Severe Heart Attack Less Severe Infective Endocarditis * Minimally Invasive Direct Coronary Artery Bypass* * Percutaneous Coronary Intervention* Percutaneous Valve Surgery Pericardiectomy * Kawasaki Disease with Heart Complication* Angioplasty or Endarterectomy for Carotid Arteries Cerebral Shunt Insertion Early Stage Dementia including Early Stage Alzheimer s Disease Endovascular Treatment for Cerebral Aneurysm Less Severe Amyotrophic Lateral Sclerosis Less Severe Bacterial Meningitis Less Severe Coma Less Severe Encephalitis Less Severe Myasthenia Gravis Less Severe Parkinson's Disease Less Severe Primary Lateral Sclerosis Less Severe Poliomyelitis Less Severe Progressive Bulbar Palsy Less Severe Progressive Muscular Atrophy Less Severe Progressive Supranuclear Palsy Moderately Severe Brain Damage Moderately Severe Paralysis * Severe Psychiatric Illness* Surgery for Subdural Haematoma Surgical Removal of Pituitary Tumour Tuberculous Myelitis AttentionDeficit Hyperactivity Disorder (ADHD) * Autism* * Intellectual Impairment due to Illness or Accident* Tourette Syndrome (TS) Acute Aplastic Anaemia Biliary Tract Reconstruction Surgery Chronic Lung Disease Early Renal Failure Hepatitis with Cirrhosis Less Severe Crohn's Disease Less Severe Rheumatoid Arthritis Less Severe Systemic Lupus Erythematosus Less Severe Ulcerative Colitis Liver Surgery Major Organ Transplantation (on Waiting List) Miliary Tuberculosis Surgical Removal of One Lung * Severe Asthma*

7 LionGuardian Major Critical Illnesses Other Illnesses AIDS due to Blood Transfusion Blindness Chronic Adrenal Insufficiency (Addison s Disease) CreutzfeldJacob Disease (Mad Cow Disease) Ebola Elephantiasis HIV Infection due to Assault HIV Infection due to Organ Transplant Loss of Hearing # Loss of Independent Existence # Loss of One Limb and One Eye Loss of Speech Major Burns Necrotising Fasciitis Occupationally Acquired HIV Pheochromocytoma Severance of limbs Severe Osteoporosis Severe Rheumatoid Arthritis # Terminal Illness # Early Stage and Minor Illnesses * Diabetic Retinopathy* * Endovascular Treatment of Peripheral Arterial Disease* Facial Burns due to Accident Facial Reconstructive Surgery for Injury due to Accident Hemolysis Streptococcus Gangrene Less Severe Burns to Body due to Accident Less Severe Elephantiasis Loss of Hearing in One Ear Loss of One Limb Loss of Sight in One Eye Loss of Speech due to Vocal Cord Paralysis * Osteoporosis with Secondary Pulmonary Hypertension * Severe Central or Mixed Sleep Apnea* Skin Transplantation ^ Surgical Excision of Covered Benign Tumour^ * Insulin Dependent Diabetes Mellitus* * Osteogenesis Imperfecta Type III* * Still's Disease* * ^ Subject to a maximum benefit amount of USD 50,000 per life for each illness. Coverage ceases at age of 22 Coverage ceases after first Major Critical Illness Benefit claim Coverage ceases at age of 70 Subject to a maximum benefit amount of USD 50,000 per life. Surgical Excision of Covered Benign Tumour in Breast, Ovary and Uterus (only endometrial polyps) are subject to a maximum benefit amount of USD 25,000 per life. (i) (ii) (iii) (iv) (v) (vi) (vii) Major Exclusions: (i) (ii) (iii) (iv) (v) (vi) (vii) Any preexisting condition prior to or condition manifesting itself occurred within 90 days following, the later of the Date of Issue or effective date of any reinstatement of the Policy. Suicide, attempted suicide or selfinflicted injury. AIDS or any HIV or any mutation, derivation or variation thereof, except for AIDS Due to Blood Transfusion, Occupationally Acquired AIDS,HIV infection due to Assault, or Organ Transplant. Drug and/or alcohol abuse. Any criminal act. War, declared or undeclared, revolution or any warlike operations; military or naval service in time of declared or undeclared war or while under orders for warlike operations or restoration of public order. Different exclusions may apply for individual illnesses. Please refer to Policy Provisions for details.

8 5 LionGuardian Benefit amount of Multiple Claims Accumulated nonguaranteed annual dividend + Nonguaranteed special dividend 20% Sum Assured 20% 20% 100% 100% 20% 1 Unlimited Coverage 1 20% 20% 2 All premiums of basic plan are waived 2 Early Stage or Minor Illness Benefit First Major Critical Illness Benefit Second Major Critical Illness Benefit Death Benefit Waiting period for Major Critical Illnesses Benefit claim 3 years 1 year Other illnesses 1 year Recurrence, metastasis or persistence of same cancer Cancer 1 year New Cancer Death Benefit Other illnesses 1 year Other illnesses

9 LionGuardian 6 Plan Summary Plan Type Policy Term Basic Plan To age 100 Payment Term and Issue Age Payment Term 10 years 15 years 20 years 25 years Issue Age 15 days after birth age days after birth age days after birth age days after birth age 55 Policy Currency 7 Premium Structure 8 Payment Mode Minimum Sum Assured per policy Major Critical Illness Benefit 1 Early Stage or Minor Illness Benefit 4 Death Benefit Surrender / Maturity Benefit 9 USD Calculated based on the age of the Insured at the time of policy effective Annual / SemiAnnual / Quarterly / Monthly USD 12, % of Sum Assured + Accumulated nonguaranteed annual dividend 6 (if any) + nonguaranteed special dividend 6 (if any) 20% of Sum Assured Before any claim of Major Critical Illness Benefit 100% of Sum Assured + Accumulated nonguaranteed annual dividend 6 (if any) + nonguaranteed special dividend 6 (if any) After first claim of Major Critical Illness Benefit 20% of Sum Assured Guaranteed cash value+ Accumulated nonguaranteed annual dividend 6 (if any) + nonguaranteed special dividend 6 (if any)

10 7 LionGuardian LionGuardian 8 Case Studies Early stage or Minor Illness Benefit 4 Major Critical Illness Benefit 1 Death Benefit Mr. Lee Age: 35 Architect with a son Premium payment term: 20 years Sum Assured: USD 400,000 Annual Premium: USD 14,128 USD 400,000 USD 400,000 USD 400,000 USD 80,000 As the breadwinner, Mr. Lee has to work hard to take care of his family. He applied for LionGuardian for comprehensive critical illness coverage, so his loved ones will not suffer a heavy financial burden for his medical expenses should a critical illness strike. Age 40 USD 50,000 Undergoes Percutaneous Coronary Intervention Age 45 USD 80,000 Diagnosed with Less Severe Heart Attack Upon payment of Major Critical Illness Benefit, future premiums of the basic plan will be waived 2. Age 52 Suffers Heart Attack At least after 1 year Age 53 Suffers Second Heart Attack At least after 1 year Age 54 Diagnosed with Stroke Death Age 60 1,410,000 美元 ( 投保額 352%) Total benefit payable to Mr Lee and his family: USD 1,410,000 (352% Sum Assured) Mr. Chan s son Age: 0 Premium payment term: 25 years Sum Assured: USD 200,000 Annual Premium: USD 2,322 Parents always offer the best to their children. LionGuardian covers congenital conditions, while at the same time supporting juvenile conditions such as Autism, ADHD and Tourette Syndrome, to protect your child s mental health. Protection for lifetime starting from 15 days after birth! Age 3 Autism USD 40,000 Congenital disease was discovered when his son entered kindergarten. Age 5 USD 40,000 ADHD) AttentionDeficit Hyperactivity Disorder (ADHD) With LionGuardian s support, Mr. Chan s son can undergo treatment to help ease the symptoms at early stage. Age 13 USD 40,000 Less Severe Heart Attack Discover that Mr. Chan s son has congenital heart disease. Age 15 Cardiomyopathy USD 200,000 Suffers Cardiomyopathy. 2 Mr. Chan does not need to pay any premium 2 anymore and his son will enjoy free coverage! 320,000 美元 ( 投保額 160%) Total benefit payable to Mr. Chan: USD 320,000 (160% Sum Assured) If any of the covered Major Critical illnesses strike later, Mr. Chan can receive 100% Sum Assured each time for his medical treatment until age 100. Ms. Wong Age: 40 Single Management in Chinese enterprise Premium payment term: 10 years Sum Assured: USD 800,000 Annual Premium: USD 54,728 After years of hard work in her career, Ms Wong has finally reached a high position in the company. However, working under stress with an unhealthy diet has increased her risk of contracting critical illnesses. To protect her years of achievement and allow her to focus on her career with peace of mind, Ms Wong applied for LionGuardian. Age 45 USD 25,000 Surgical Excision of Benign Tumour in Ovary Age 47 USD 50,000 Diagnosed with Carcinomainsitu in Uterus. With the benefit from LionGuardian, she can treat it as early as possible Age 50 USD 800,000 At least after 3 years Diagnosed with Thyroid Cancer Age 53 USD 800,000 Her Thyroid Cancer persists after 3 years 13,675,000 美元 ( 投保額 1709%) If Thyroid Cancer persists before Ms. Wong reaches age 100, her total benefit payable during policy term will be USD 13,675,000 (1709% Sum Assured) If Cancer persists, Ms. Wong can receive Major Critical Illness Benefit every 3 years, until age 100.

11 9 LionGuardian Remarks: 1. Major Critical Illness Benefit will be payable upon diagnosis of Major Critical Illnesses listed above and until termination of the Policy. In respect of each Major Critical Illness, the Major Critical Illness Benefit shall be payable maximum once only, except Cancer, Stroke and Heart Attack. For Major Critical Illness Benefit claims more than once, it is subject to waiting periods and terms and conditions. Please refer to the terms and conditions in the Policy Provisions for details No further premium of basic plan is required upon termination of Early Stage or Minor Illness Benefit or first claim of Major Critical Illness Benefit, whichever is earlier. Coverage for Osteoporosis with Fractures, Loss of Independent Existence and Severe Osteoporosis will be ceased at the Insured's age of 70. After the first Major Critical Illness Benefit claim, coverage for Loss of Independent Existence and Terminal Illness will be ceased. Coverage for Kawasaki Disease with Heart Complication, Autism, Intellectual Impairment due to Illness or Accident, Severe Asthma, Insulin Dependent Diabetes Mellitus, Osteogenesis Imperfecta Type III, Still's Disease, AttentionDeficit Hyperactivity Disorder (ADHD) and Tourette Syndrome (TS) will be terminated at the Insured's age of 22. One claim is allowed for each Early Stage or Minor Illness diagnosed. Claims for Carcinomainsitu and Percutaneous Coronary Intervention can be accepted up to 2 times. Terms and conditions must be fulfilled to be eligible for a second claim for Carcinomainsitu and Percutaneous Coronary Intervention. Early Stage or Minor Illness benefit will be terminated when (i) the total benefit amount paid or payble for Early Stage or Minor Illness Benefit is equal to 100% of the Sum Assured or (ii) after the first claim of Major Critical Illness benefit, whichever is earlier. Coverage of "Surgical Excision of Covered Benign Tumour" is subject to a maximum benefit amount of USD 50,000 per life. Surgical Excision of Covered Benign Tumour in Breast, Ovary and Uterus (only endometrial polyps) are subject to a maximum benefit amount of USD 25,000 per life. Annual dividend will be declared starting from the 3rd policy anniversary. Special dividend will be payable only for claim/ policy termination starting from the 10th policy anniversary. Annual dividend and Special dividend are nonguaranteed. The dividend scales are reviewed at least annually and adjusted based on Company's actual experience relating to its relevant product group, including but not limited to investment return including any market value gains and losses, investment outlook, direct and indirect expenses, claim and lapse experience. In adjusting the dividend scales, the Company will also consider smoothing of the dividend adjustments. In general, special dividends may be more volatile than annual dividends as market value fluctuations are largely reflected in the adjustment to special dividends. Under some circumstances, the nonguaranteed dividends may be zero. Upon first claim of Major Critical Illness Benefit, there will be no Annual Dividend and Special Dividend afterward. For dividend history, please visit: /whatwedo/forindividuals/lifeinsurance/referenceinformation/general ilifelimited. All premium payments and benefit payouts will be at the Policy Currency. If you request a payment currency different from the Policy Currency, subject to our administrative rules, the premium amount payable or the benefit payout amount will be converted to payment currency according to the latest exchange rate solely decided by the Company based on any relevant bank s exchange rate. Fluctuation of exchange rate will impact the actual amount payable in payment currency Premium rate is nonguaranteed and the premium rate scale is reviewed annually. Adjustment will only be made if there is a substantial deviation of its actual experience versus assumptions. In case it is adjusted, it will be adjusted based on Company's actual experience relating to its relevant product group, including but not limited to investment return including any market value gains and losses, investment outlook, direct and indirect expenses, claim and lapse experience. The adjustment will not be made to only individual policies but to the group of policies of the same risk class. New premium rate will be effective from the coming policy anniversary with prior notice. Surrender benefit and Maturity benefit will be equal to zero upon first claim of Major Critical Illness benefit.

12 LionGuardian 10 Important Notes: The Company seeks to balance between the risks and return of this product. Around 75%100% of assets of this product are targeted to be invested in investment grade bonds, cash and cash equivalent instruments, and around 0%25% of assets of this product are targeted to be invested in equity. Rebalancing of the portfolio will be done from time to time and any purchases or sales of assets may be executed to maintain the asset mix in consideration of the investment market situations. The Company reserves the right to change the investment portfolio mix at our sole discretion. In case of significant change in the investment portfolio mix, notification will be sent to you no later than 30 days prior to the effective date of new investment portfolio mix. Equity volatility and interest rate fluctuations may adversely affect the nonguaranteed benefits and returns of the plan. The nonguaranteed benefits and returns of the plan are also subject to credit risk of the issuers of the bonds (in which the plan invests). Foreign exchange rate risk may also be incurred if there are investments in the currencies other than USD, although we will manage such risk as far as possible by using currency hedge. You can request to surrender the policy by sending a written request to us during the Policy Term for guaranteed cash value (if any), accumulated nonguaranteed annual dividend (if any) and nonguaranteed special dividend (if any). Upon surrender, the Policy will be terminated and premium due and paid will not be refunded. Benefit received from early surrender may be significantly less than the total premium paid. If you cease to pay premium during the Payment Term, the Company will advance the premium due as automatic loan as long as the sum of Guaranteed Cash Value and accumulated nonguaranteed Annual Dividends (if any) is at least equal to the sum of the premium in default and the indebtedness (if any) or the policy will lapse immediately and you may suffer a significant loss. When you decide the Sum Assured and review the illustrated benefits, please note that the cost of living in the future is likely to be higher than it is today due to inflation. The Company will terminate the policy and you will lose the cover when one of the following happens: once the Insured dies; on the Expiry Date of the policy; once the policy is cancelled or surrendered; you cease to pay premium during the Payment Term and the policy has no cash value; or the outstanding Indebtedness equals or exceeds the sum of guaranteed cash value and accumulated nonguaranteed annual dividends with interest (if any). For suicide occurred within 1 year from the later of Date of Issue or effective date of any reinstatement of the Policy, the Company s liability shall be limited to the return of the premiums paid without interest, less any Benefits paid and any indebtedness. The Company underwrites the plan and you are subject to its credit risk. If the Company is unable to satisfy the financial obligations of the policy, you may lose your premiums paid and benefits. This brochure is for reference only. Please refer to Policy Provisions for details of terms and conditions. For Policy Provisions and product details, please contact your Insurance Advisers or our Company Representatives.

13 11 LionGuardian 1970 About Generali Hong Kong Our Generali entities in Hong Kong have been providing comprehensive insurance and investment protection to individuals and organizations since the 1970s. Over the years, we have come to understand the individual requirements of our customers, and are continuously adapting and innovating to meet their changing needs. We offer a wide range of insurance solutions from life and general protection to sophisticated corporate risk management and financial management products designed to enhance investment portfolios and preserve generational wealth A.M. Best A About Generali Group Our parent company, the Generali Group (Assicurazioni Generali S.p.A.) is one of the largest global insurance providers. We pride ourselves for our history of over 185 years and we are listed amongst the Fortune Global Top 60 companies with total premium income exceeding 68 billion in With above 71,000 employees worldwide serving 57 million customers in more than 60 countries, the Group occupies a leadership position in Western European markets and an increasingly important place in Asia and in Central and Eastern Europe. In 2017, Generali and its core subsidiaries have been affirmed A Insurer Financial Strength Rating with a Stable outlook by A.M. Best. In the same year, the Group was also included among the most sustainable companies in the world by the Corporate Knights ranking, and listed the world s 50 smartest companies according to the MIT Technology Review in Company information as at Jun 2018

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15 Generali Life (Hong Kong) Limited 85 5/F, Generali Tower, 8 Queen s Road East, Hong Kong Tel : (852) Fax : (852) info@generali.com.hk Website : generali.com.hk PB/3/WP/AUG18