AXA Hong Kong Launches 'Wealth Advance Savings Series II'

Dual bonus to increase potential return on savings

HONG KONG,April 4,2019 -- AXA Hong Kong launched its brand new 'Wealth Advance Savings Series II',with 'Classic' and 'Ultimate' versions to increase long-term growth potential on savings for customers,helping them accumulate wealth more easily and plan for their retirement lives. The road to achieving wealth is full of challenges. The 'Classic' and 'Ultimate' plan can be used flexibly to grow savings with comprehensive life insurance incorporated,customers can feel more at ease and seize every opportunity for success.

AXA Hong Kong launched its brand new ‘Wealth Advance Savings Series II’,with ‘Classic’ and ‘Ultimate’ versions to increase long-term growth potential on savings for customers,helping them accumulate wealth more easily and plan for their retirement lives.

'In the face of all kinds of variables in life,the needs of the public for wealth accumulation and retirement preparation are of more importance than ever. The new "Wealth Advance Savings Series II" provides considerable long-term growth potential on savings and brings wealth to the next level. The policy allows the insured to be changed up to 3 times as well as extending the life protection up to age 100 of the latest insured[1],so that the customer's legacy can be passed on to future generations,'saidMr Kevin Chor,Chief Life Product and Proposition Officer of AXA Hong Kong and Macau.

'Wealth Advance Savings Series II's reversionary bonus and terminal bonus increase the return on savings

The 'Classic' and the 'Ultimate' plan are participating life insurance plans with dual bonus,that provide customers with substantial growth potential on long-term savings and boost wealth by providing reversionary bonus and terminal bonus.

The policy coverage remains in force till the latest insured reaches age 100[1] and passes on as a legacy to later generations

After the end of the first policy year,customers can change the insured of the policy[1],enabling customers to manage their wealth with extra flexibility in long run. In order to pass on the legacy to future generations,changing the insured will not affect the policy values and the benefit period will be changed to up to age 100of the latest insured[1]. The customer can change the insured person up to 3 times[1],allowing the wealth to be passed on to future generations.

The key features of 'Wealth Advance Savings Series II' include:

Potential return on savings with reversionary bonus and terminal bonus after the policy has been in force for 3 years

Short premium payment term of 5 or 10 years with a fixed premium during the payment term,enabling customers to develop a better financial plan with greater peace of mind

Provides life protection

Allows change of the insured while the benefit period will be changed up to age 100 of the latest insured[1]

Wide range of optional extra protection available,including critical illness,medical,accident and disability protection to meet customers' needs

To know more about the 'Wealth Advance Savings Series II',please visit: https://www.axa.com.hk/en/wealth-advance-saving-series-promotion

The above information is for reference only. For details on product features,content,terms and exclusions,please refer to the relevant product brochure.

[1]Written application should be made by the customer for the change of insured and such request is subject to the administrative rules,underwriting requirements and approval of the Company. In addition,'Age 100' refers to the policy anniversary on or immediately following the latest insured's 100th birthday.

FOR MORE INFORMATION:

AXA Hong Kong

Alice Li: +852.3702.2566

Jaffa Lo: +852.3702.2571

ABOUT AXA HONG KONG AND MACAU

AXA Hong Kong and Macau,a member of the AXA Group,prides itself on serving over 1 million customers [1] in the region. In addition to being the #1 global Property & Casualty commercial lines insurer[2],we have also been the #1 insurance brand worldwide for ten consecutive years [3]. In Hong Kong and Macau,we are also one of the largest health protection providers.

'Empowering people to live a better life' is the goal of AXA Hong Kong and Macau,which is reflected in everything we do. We are one of the most diversified insurers,providing a full range of coverage for individual and commercial customers. We offer all-round,integrated solutions across Life,Health and Property & Casualty to address all their insurance needs.

As an innovative insurer,we leverage on Big Data and AI to transform the customer experience end-to-end,making insurance simpler and more personal. We continue to drive innovation notably in health and protection,supporting customers in prevention,treatment and recovery.

We also believe it is our inherent responsibility to support the communities in which we operate. AXA Foundation is our flagship corporate social responsibility programme covering all of our efforts in promoting health,education and community support to create a positive and lasting impact in Hong Kong and Macau.

[1] Including customers of AXA China Region Insurance Company Limited,AXA China Region Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability),and AXA General Insurance Hong Kong Limited

[2] AXA Corporate Solutions,AXA Matrix Risk Consultants,AXA Insurance Company,and AXA Art with AXA XL's insurance and reinsurance operations combined

[3] Interbrand Best Global Brand 2018 (By brand value)

THIS PRESS RELEASE IS AVAILABLE ON AXA'S WEBSITE: AXA.COM.HK

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be forward-looking statements including,but not limited to,statements that are predictions of or indicate future events,trends,plans,expectations or objectives. Undue reliance should not be placed on such statements because,by their nature,they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA's actual results to differ materially from those expressed or implied in such forward-looking statements. Please refer to Part 4 - "Risk factors and Risk Management" of AXA's Registration Document for the year ended December 31,2017,for a description of certain important factors,risks and uncertainties that may affect AXA's business and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements,whether to reflect new information,future events or circumstances or otherwise,except as required by applicable laws and regulations.

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