Fubon customers to enjoy China Life products

A series of China Life Insurance will be made available to Taiwanese and Hong Kong customers of Fubon Bank through its 22 branches in Hong Kong. A "Memorandum of Insurance Business Cooperation" has been agreed upon by the two entities.

Both parties believe that the collaboration will integrate their capabilities to create synergy in accelerating market expansion as well as enhancing competitiveness and market coverage of their products and services, with a view to offering integrated financial services to customers.

The "Smart 5 Insurance Plan" is the first product of CLI Overseas to be exclusively distributed by Fubon Bank. The plan has four attractive features: No medical examination required for easy application; guaranteed return as high as 3.19 percent per annum; 101 percent of paid premium for life protection in the event of death of the insured person; full guaranteed maturity amount for fast achievement of savings target upon 5 years' maturity.

"Our long-term objective is to establish a strong foothold in Hong Kong with global perspective. Our primary focus is in the enhancement of profits and creation of values for the company through organic growth, merger, and acquisition. In addition, we emphasize equally in business development and management based in Hong Kong and in making contribution to the Hong Kong economy and corporate social responsibilities," Ms. Gao Anfeng, Vice President of China Life Insurance Overseas Company Limited, said.