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Hong Kong, Aug 9, 2023 – Sun Life Hong Kong Limited (“Sun Life Hong Kong” or “the Company”) has announced the launch of its new ESG investing-focused savings offering, the Stellar Multi-Currency Plan. A legacy planning solution offering flexible policy options and multi-currency features, it enables Clients to adapt their plans more easily to life’s unexpected changes, helping to build a brighter future for them, their family and our world.
First launched in April 2022, Stellar is the first ESG investing-focused savings plan1 in the market and has been widely welcomed by Clients. Building further on this achievement, Sun Life Hong Kong has launched Stellar Multi-Currency Plan with multi-currency features that enable Clients to change the currency of their policy between United States Dollars (USD), Canadian Dollars (CAD), British Pound (GBP) or Renminbi (RMB). In addition, the Mental Incapacity Benefit2 provides reassurance that the Clients’ family can quickly file a claim from their policy in the event of an emergency, should the Client be diagnosed as a Mentally Incapacitated Person.
Christine Yeung, General Manager, Life and Health of Sun Life Hong Kong Limited, said, “Stellar has received a fantastic response and positive testimonials from our Clients since its launch. Sales of Stellar in 2022 reached HK$232 million and its year-to-date sales have reached HK$92.5 million as of 16 April 2023. In view of this success, we have launched the Stellar Multi-Currency Plan to accommodate Clients’ diverse financial arrangements, offer long-term wealth growth potential, and enable Clients to accumulate, grow and transfer the fruits of their hard work to their loved ones. We look forward to seeing how the launch of Stellar Multi-Currency Plan may help Clients achieve their financial goals and safeguard their brighter future by supporting the wellbeing of our Earth over the long run.”
The Stellar Multi-Currency Plan key features include:
Currency Change Option to provide the flexibility to change the policy’s currency between 4 options to fit future plans
Flexible withdrawal option with cross-border payment service
Support Clients with the Mental Incapacity Benefit no matter what life brings
Safeguard wealth through the Designation of Contingent Policy Owner Option
Free Policy Split Option to execute when Clients are alive or upon death of Designated Insured
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional 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 March 31, 2023, Sun Life had total assets under management of C$1.36 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.
Tel: (852) 2533 9973
Sun Life Hong Kong Limited
Tel: (852) 3183 3993
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. This plan is subject to terms and conditions. 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.