China Life Lifetime Income Plan (RMB)

China Life Lifetime Income Plan (RMB)

Product Summary

China Life Lifetime Income Plan (RMB) is a participating whole life plan that enables you to save and receive a lifetime of yearly income1, as well as enjoy peace of mind with capital guarantee2 and coverage against premature death3 and terminal illness4. With China Life, you can live your life to the fullest, knowing that China Life is always behind you for what’s ahead!

Product Features

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Enjoy a Lifetime Yearly Income1


Capital Guarantee2


Inheritance for The Next Generation


Hassle-Free Application Option

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1. For single payment, the yearly income will be payable from the end of the 5th policy year aslong as the life insured is alive and while the policy is in force.
The yearly income comprises:

  1. guaranteed yearly income at 0.8% of the sum insured; and
  2. non-guaranteed yearly income (if any).

For single payment, the non-guaranteed yearly income rate of 4.5% of Sum Insured is derived from the participating fund earning the illustrated investment rate of return of 4.25% p.a. in the future. The non-guaranteed yearly income rate is 2.2% of Sum Insured if the illustrated investment rate of return is 3.00% p.a.. Therefore, the actual amount payable may vary according to the future performance of the participating fund.

2. For single premium, the capital guarantee applies only at the end of 5th policy year. Capital guarantee applies to the basic plan only.

3. For single payment, if the life insured dies while the plan is in force, we will pay the sum of:

  1. 101% of the single premium paid or the guaranteed cash value, whichever is higher;
  2. a non-guaranteed terminal bonus (if any);
  3. accumulated guaranteed yearly income and non-guaranteed yearly income (if any); and
  4. interest on the accumulated guaranteed yearly income and non-guaranteed yearly income (if any),

less amounts owing (if any).

4. If the life insured is diagnosed with a terminal illness while the policy is in force, we will advance the death benefit.

5. The sum insured is a notional value and is not the benefit that will be paid upon the death of the life insured.

You should seek advice from a financial adviser representative before making a commitment to purchase the plan.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

This marketing material is for reference only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. The specific details applicable to this insurance plan are set out in the policy contract. In case of discrepancy between the English and Mandarin versions, the English version shall prevail.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites ( or or

This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is correct as at 22 Jan 2024.