AXA launches 'Wealth Genius Income Plan'

HONG KONG,Feb. 11,2020 -- AXA pledges to help their customers manage their wealth,and prepare the future for themselves and their children. In 2020,the launch of AXA's new 'Wealth Genius Income Plan' (Wealth Genius),helps customers to accumulate savings which will benefit their next and future generations. Wealth Genius is a flexible plan which suits parents with newborns,those who are planning to retire,and also the middle class who want their efforts to be protected. The plan aims to help customers overcome every challenge in different phases of their lives.

AXA Hong Kong and Macau launches the new ‘Wealth Genius Income Plan’,helping customers to accumulate savings which will benefit their next and future generations.

Mr Kevin Chor,Chief Life and Market Development Officer,AXA Hong Kong and Macau,said,"We strive to be a helpful and trustworthy partner to our customers,facing every difficulty and overcoming every challenge with them in their lifelong journey. Different from other plans,'Wealth Genius' offers high financial flexibility. We offer our customers guaranteed cash coupons,helping them to accumulate money as soon as possible,not only to achieve different goals and targets in life but also to provide them with extra protection on their way to fulfilling their dreams."

Premium payment term as short as 3 years with high financial flexibility

Wealth Genius is a participating life insurance plan,offering a premium payment term as short as 3 years. Apart from the 3-year option,5-year and 10-year plans are also available to suit any personal needs. In addition to a guaranteed cash coupon,Wealth Genius also provides guaranteed cash value[1] (starting from the end of the second or third policy year),non-guaranteed annual dividends[2] (starting from the end of the tenth policy year) and a non-guaranteed terminal dividend[3] (starting from the end of the tenth policy year),helping customers to ensure healthy returns.

Offers a guaranteed cash coupon which will be paid up to age 138[4] with extra protection against cancer

Wealth Genius offers a guaranteed cash coupon which will be paid up to age 138[4],providing a flexible flow of capital for customers. After the policy has been in force for 8 years and during the lifetime of the insured while the policy is in effect,policyholders may apply to change the insured of the policy an unlimited number of times[5],passing on their legacy from generation to generation with love. To further protect clients,Wealth Genius provides extra protection against health challenges with a cancer advance benefit. If the insured or policy owner is first diagnosed with cancer at or before the age of 80[6],a payment which is equal to 100% of the death benefit[7]will be paid to the policy owner to ease the financial burden of treatment expenses.

Main features of the 'Wealth Genius Income Plan':

Offers 3-year,5-year and 10-year premium options with financial flexibility

Provides high liquidity to fit the financial needs of every client

Guaranteed cash coupon is paid up to age 138[4]

Provides extra protection against health challenges with a cancer advance benefit after a cancer waiting period of 5 years-- if the insured or policy owner is first diagnosed with cancer at or before the age of 80[6],a payment equal to 100% of the death benefit[7] will be paid to the policy owner

Death proceeds can be paid in a lump sum or by regular instalments

Please visit the following website to learn more about the 'Wealth Genius Income Plan': https://www.axa.com.hk/en/wealth-genius-income-plan

The above information is for reference only. For details of the product features,content,terms,conditions and exclusions,please refer to the relevant programme brochures.

[1]The underlying cash value rate used to calculate the cash value is guaranteed by the Company. If there is any change in the notional amount,the corresponding cash value will be adjusted accordingly.

[2]Starting from the end of the 10th policy year,annual dividends may be payable if (i) there is any share of distributable surplus determined for the policy in respect of a policy year; (ii) the policy is then in effect; and (iii) all premiums due have been paid up to the relevant policy anniversary.

[3]Starting from the end of the 10th policy year,terminal dividend will be determined if (i) the policy is then in effect; and (ii) all premiums due have been paid up to the relevant policy anniversary.

[4]"Up to age 138 / up to age 138" refers to the day before the maturity date (the maturity date is the policy anniversary on or immediately following the initial insured's 138th birthday,whichever is earlier).

[5]Written application should be made by an individual policy owner for the change of insured and such request is subject to the Company's administrative rules and approval. After the change of insured,all supplement(s) (if any) attached to Wealth Genius will be terminated and no supplement(s) can be attached thereafter.

[6]"Cancer" refers to the first unequivocal diagnosis of any malignant tumour characterised by the uncontrolled growth of malignant cells and invasion of tissue,and positively diagnosed with histological confirmation. The term malignant tumour includes leukaemia,sarcoma and lymphoma except cutaneous lymphoma (lymphoma confined to the skin). For the detailed definition of Cancer,please refer to the policy contract for details.

[7]The amount will be calculated as at the time when the cancer advance benefit becomes payable.

ABOUT AXA HONG KONG AND MACAU

AXA Hong Kong and Macau,a member of the AXA Group,prides itself on serving over 1.3 million customers[1] with our superior products and services. AXA is the top-tier life insurer in Hong Kong with the longest history[2]. In addition to being the No. 1 global Property & Casualty commercial lines insurer[3],we are the No. 1 most considered insurance brand in Hong Kong[4]. We are also one of the largest health protection providers in Hong Kong and Macau.

AXA is 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 of our customers' insurance needs. In keeping with our brand promise "Know You Can",AXA strives to be a lifelong partner to our customers by empowering them to achieve their goals and live better lives.

As an innovative insurer,we leverage 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 our efforts in promoting holistic wellbeing and supporting the underprivileged to create a positive and lasting impact in the communities of 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]Top tier insurers are defined based on the annualised premiums of Individual Direct New Business (Classes A to F) of Statistics on Hong Kong Long Term Insurance Business published by the Insurance Authority.

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

[4] AXA Hong Kong Brand Preference Tracking Report2019

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 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 actual results and AXA's plans and objectives to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 - "Risk factors and risk management" of AXA's Document de Référence (Annual Report) for the year ended December 31,2016,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.

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