The Adjustment made due to the changes of the policy.
Investment process that use different investment techniques
(including derivatives, arbitrage, short selling, etc) in
order to exploit market opportunities.
The person who is designated by Policy Owner, from time to
time, as the recipient of benefits upon the life insured dies.
The period that no investment will be made. All premium paid
within this period will be retained by the Company.
The difference between the buying and selling price.
The amount of cash available to the Policy Owner upon surrender
of the policy before the policy matures.
AXA Wealth Management (HK) Limited
Policy Owner can elect to encash the policy in full for a
cash sum. The encashment value shall be the value of the relevant
Clients Account at the current selling price of the underlying
A fee that will apply on cancellation of units before the
payment of any Encashment Value.
Establishment Charge will be deducted during the period where
the Establishment charge remains due, then the balance of
the Establishment Charge will be deducted from the client's
account for the calculation of the Encashment Value.
fee is paid for managing customer holding by the company.
(rephrase to: A fee to be deducted by units in a fixed
rate on a monthly basis)
A bonus in the form of additional units will be paid at the
end of the Initial Guaranteed Period.
The percentage of each premium allocated for investment.
For Investment Content below 100%, the balance will be retained
by the Company.
A default in premiums before a policy has a nonforfeiture
value, or termination of a policy because of nonpayment of
Any life insured (including the Primary or Additional Life
Insured) relating to any particular benefit. Such persons
are named in the Policy Schedule in relation to each benefit
that is under covered.
A policy becomes expired.
A policy/benefit is said to be paid up if the premium has
been suspended whereas the benefit is still valid.
Policy Owner can elect to partially encash any benefit for
a cash sum. Corresponding units calculated at the selling
price will be cancelled in the Clients Account.
The current Policy Administration Fee is specified in the
Policy Schedule. Only one policy administration fee shall
apply to a policy, regardless of the number of benefits.
Once the policy or any related policies had acquired an Encashment
Value, the Policy Owner can apply a loan on the security of
the policy and any related policies for an amount not exceeding
60% of the Encashment Value.
The person who has ownership rights under the term of the
policy, whether the person is the insured or other owner of
The date on which premiums commence to be paid.
The amount deducted for insurance benefit. Such premium rates
are determined regarding to mortality, mobidity and other
relevent factors including smoker status, occupation, etc.
Transactions made due to reconciliation or adjustments during
The date on which coverage of benefit commences.
Policy Owner can switch a particular fund and its percentage
holding to an alternative fund with specified percentage holding.
A fee that will be involved in the redemption and repurchase
of fund units.
Policy Owner specifies a target portfolio spilt with particular
fund name & its percentage holding.
Including all the financial transactions that related to
premiums collection, charges, buy/sell of units and benefit.
A notional and undivided share in an investment fund, including
any fraction thereof.
The unit debited for outstanding charges.