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News releases

April 14, 2022

Introducing Stellar, the First ESG-focused Savings Plan in the Market

Hong Kong, April 14, 2022 – Sun Life Hong Kong Limited (“the Company” or “Sun Life Hong Kong”) today announced the launch of Stellar, the first ESG-focused savings plan1 in the market that actively integrates environmental, social and governance (ESG) concepts into its own investment strategies, managing the risks and optimizing opportunities through focusing investment on those assets with high ESG rating. 

Stellar is a participating insurance plan that focuses on investing assets that excel in ESG qualities, with a vision of enabling clients to build their wealth in a way that has a positive impact, while also ensuring a legacy for future generations.

Clement Lam, Chief Executive Officer, Sun Life Hong Kong Limited, said, “We are delighted to launch Stellar, the first ESG-focused savings plan1 in the market.  2022 marks our 130th anniversary in the city, a milestone not only celebrates our achievements over the years but also, more importantly, focuses on a future that contributes to the development of a healthier and more sustainable community. Stellar is designed to help our clients manage and grow their wealth while empowering them to make financial decisions that can impact the future positively.”

“Stellar supports allocation to sustainable investments including, but are not limited to, green bonds, renewable energy, energy transition, etc. Furthermore, we pay particular attention to carbon profiles and selectively invest in assets with relatively lower carbon intensity, so that we can build a greener future together,” he added.

From now until June 30, 2022, clients who successfully apply Stellar and fulfill designated requirements not only can enjoy fabulous client offer, a donation of HKD130 will also be made on clients’ behalf to support “Rethink Plastic” Education Campaign organized by The Green Earth, an environmental charity organization2. The campaign is a long-term initiative designed to raise public awareness of plastic pollution issues in Hong Kong and encourage the public to use plastic and manage plastic waste responsibly.

Key features of Stellar also include:

  • It serves as an excellent legacy planning tool that enables long-term savings to pass across multiple generations. With 2 years of premium payment only, Stellar enables clients to enjoy potential long-term wealth growth without committing to long-term payments.
  • Stellar also offers clients flexibility in their legacy planning. Clients can choose to cover 1 insured (Single Life) or 2 insureds (Joint Life) from age 0 to 80 under the policy at the time of application3. Whenever necessary, clients may request to change from Joint Life to Single Life or from Single Life to Joint Life by exercising the Change of Coverage Option4 under the policy. Further, clients can opt for the Change of Insured Option4 to change the insured according to their needs. 

Photo Caption: Sun Life Hong Kong Limited launches Stellar, the first ESG-focused savings plan1 in the market. (Pictured: Chief Executive Officer, Clement Lam). 

Note to Editors  

1.  This is based on market conditions as of April 12, 2022 and comparison among other savings plans for new Composite and Long Term Businesses as defined by the Insurance Authority in the Register of Authorized Insurers.

2. Subject to terms and conditions. Please visit www.sunlife.com.hk for more.

3. All new insured(s) must have insurable interest with the existing policy owner at the time of change of insured which is subject to the then current administrative rules, underwriting rules, any other requirements, and the approval of Sun Life Hong Kong Limited.

4. The Change of Coverage Option and Change of Insured Option are subject to the prescribed conditions set out in the policy provisions being fulfilled. Please refer to sample policy provisions for details.

About Sun Life 

Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2021, Sun Life had total assets under management of C$1.44 trillion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.  

This press release is intended to be distributed in Hong Kong only and shall not be construed as an offer to sell or a solicitation to buy or provision of any products of Sun Life Hong Kong Limited outside Hong Kong. Please refer to the product brochure and sample Policy Document for details including definitions and full terms and conditions including key product risks. If there is any conflict between the Policy Document and this press release, the Policy Document shall prevail.