Fulfillment ratios for participating products

The following tables show the non-guaranteed dividends/bonuses fulfillment ratios for each product which has new policies issued by Sun Life Hong Kong Limited (the "Company") in the previous 5 calendar years prior to the reporting year. The fulfillment ratio is calculated as the average ratio of non-guaranteed dividends/bonuses actually declared/paid against the illustrated amounts at the point of sale. Fulfillment ratios are for reference only, dividend/bonus history is not an indicator of future declaration/performance of the participating products.


Products with the same features but with different pricing information (e.g. with different level of guaranteed and non-guaranteed benefit, premium rate, etc.) or different policy currency may be grouped into the same product series if differences in fulfillment ratios are considered immaterial. The disclosed fulfillment ratios are for basic plans only and all relevant policies are included in the calculation. In addition, to be consistent with the illustration basis, the actual amounts are calculated up to the respective policy anniversary.


Fulfillment ratios for policies with annual dividends

The fulfillment ratio for annual dividends is calculated as the ratio of aggregate actual accumulated non-guaranteed annual dividends (including actual dividend accumulation interests but excluding terminal dividends, if applicable) against the illustrated amounts at the point of sale for all relevant inforce policies. For the purpose of calculation of fulfillment ratios, it is assumed that policyholders opted to leave all declared dividends with the Company for interest accumulation based on the relevant actual interest rates. For products offering non-guaranteed monthly incomes, all non-guaranteed components of policies are included in calculation of fulfillment ratios (e.g. accumulated dividends during accumulation phase, accumulated non-guaranteed interests on guaranteed monthly incomes left on deposit, etc.). It is also assumed that policyholders opted to leave all monthly incomes with the Company for interest accumulation based on the relevant actual interest rates.


 

Fulfillment Ratios for Annual Dividends for Reporting Year 2016
Product Product Type Policy Year 1 (policies effective in 2015) Policy Year 2 (policies effective in 2014) Policy Year 3 (policies effective in 2013) Policy Year 4 (policies effective in 2012) Policy Year 5 (policies effective in 2011) Policy Year 6 (policies effective in 2010)
ASSET Builder1, GROWTH Builder1, GROWTH Plus1
Participating Endowment
100.0%
100.0%
100.0%
100.0%
97.3%
88.6%
ASSET Builder 5 Single Pay (Special Offer)1
Participating Endowment
N/A
N/A
N/A
N/A
N/A
N/A
HOPE Educator
Participating Whole Life
100.0%
100.0%
100.0%
100.0%
99.4%
92.1%
LIFE Achiever1
Participating Whole Life
N/A
100.0%
100.0%
100.0%
96.7%
82.2%
LIFE Enhancer1
Participating Whole Life
N/A
100.0%
100.2%
100.4%
99.9%
95.8%
LIFE Savings Plus1
Participating Whole Life
N/A
100.0%
100.0%
100.0%
99.5%
97.5%
LIFE Super (HKD),LIFE Super Plus (HKD)
Participating Whole Life
100.0%
100.2%
102.3%
103.3%
101.7%
85.6%
LIFE Super (USD),LIFE Super Plus (USD)
Participating Whole Life
100.0%
100.1%
101.3%
102.3%
103.1%
90.0%
Sun Diamond Income Plan (HKD)
Participating Endowment
100.0%
100.0%
100.0%
100.0%
82.1%
65.4%
Sun Diamond Income Plan (USD)
Participating Endowment
100.0%
100.0%
100.0%
100.0%
92.6%
64.3%
SunEducator (HKD)
Participating Endowment
100.0%
100.0%
100.0%
100.0%
85.2%
68.0%
SunEducator (USD)
Participating Endowment
100.0%
100.0%
100.0%
100.0%
84.0%
76.2%
WARMTH Retirement (HKD)
Participating Whole Life
100.0%
100.6%
112.9%
125.7%
126.3%
90.7%
WARMTH Retirement (USD)
Participating Whole Life
100.0%
100.1%
120.9%
132.0%
113.7%
90.9%

1This product is closed to new business.
Note: Fulfillment ratios are for reference only, dividend/bonus history is not an indicator of future declaration/performance of the above participating products.


Fulfillment ratios for policies with reversionary bonuses

The fulfillment ratio for reversionary bonuses is calculated as the ratio of aggregate actual accumulated non-guaranteed reversionary bonuses (excluding terminal or special bonuses, if applicable) against the illustrated amounts at the point of sale for all relevant inforce policies. For the purpose of calculation of fulfillment ratios, cash value of reversionary bonuses is used in the calculation.

Fulfillment Ratios for Reversionary Bonuses for Reporting Year 2016
Product Product Type Policy Year 1 (policies effective in 2015) Policy Year 2 (policies effective in 2014) Policy Year 3 (policies effective in 2013) Policy Year 4 (policies effective in 2012) Policy Year 5 (policies effective in 2011) Policy Year 6 (policies effective in 2010)
Commitment
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
FlexiRetire Annuity Plan
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
Generations
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
LIFE Brilliance
Participating Whole Life
N/A
N/A
100.0%
N/A
N/A
N/A

Note: Fulfillment ratios are for reference only, dividend/bonus history is not an indicator of future declaration/performance of the above participating product.


Fulfillment ratios for policies with terminal dividends/bonuses or special bonuses

The fulfillment ratio for terminal dividends/bonuses or special bonuses is calculated as the ratio of aggregate payout of terminal dividends/bonuses or special bonuses (if applicable) against the illustrated amounts at the point of sale for all relevant policies actually terminated in the reporting year. For the purpose of calculation of fulfillment ratios, cash value of terminal dividends/bonuses or special bonuses is used in the calculation.


Fulfillment Ratios for Terminal Dividends/Bonuses or Special Bonuses for Reporting Year 2016
Product Product Type Policy Year 1 (policies effective in 2015) Policy Year 2 (policies effective in 2014) Policy Year 3 (policies effective in 2013) Policy Year 4 (policies effective in 2012) Policy Year 5 (policies effective in 2011) Policy Year 6 (policies effective in 2010)
Commitment
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
Generations
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
LIFE Brilliance
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
SunHealth Critical Illness Care II1
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
SunHealth UltraCare, SunHealth MaxiCare
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A
SunPromise Income Plan
Participating Whole Life
N/A
N/A
N/A
N/A
N/A
N/A

1This product is closed to new business.
Note: Fulfillment ratios are for reference only, dividend/bonus history is not an indicator of future declaration/performance of the above participating products


Remarks:


Some of the above fulfillment ratios may show "N/A" (not applicable) due to one or more of the following reasons:

No relevant policies for the respective policy year because:

  • the product series was not launched yet prior to a particular calendar year; or
  • no policies were issued during a particular calendar year; and/or
  • no policies remain inforce by the end of the reporting year.

No annual dividends or reversionary bonuses were entitled by the relevant policies up to the respective policy year.

There were no actual payouts of terminal dividends/bonuses or special bonuses for the respective policy year because:

  • no terminal dividends/bonuses or special bonuses were entitled by the relevant policies up to the respective policy year; or
  • there were no terminations and/or other applicable events triggering the actual payouts of terminal dividends/bonuses or special bonuses in the reporting year for the relevant policies.

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