MAP LIFE - HANH PHUC Universal Life Product

Outstanding features

Every change in life always contains surprises, including many difficulties and challenges that you need to overcome, but at the same time, there are also joys and happiness waiting for you. To keep your life and your family balanced and stable in the face of these changes, you need to always be ready, proactive and flexible in all situations, so that difficulties do not discourage you.

With the MAP Life - Hanh Phuc universal life insurance product, you can completely confidently equip a solid financial foundation, protecting yourself and your family against all changes in life. The product will helps you easily complete your plans for a bright future and enjoy a happy and peaceful life.

Safe investment

Enjoy stable interest rate from Universal Life investment Fund
Loyalty bonus up to 90% First year annualized Target premium
Special bonus up to 360% First year annualized Target premium
Received Policy account value at the Maturity date.

Proactive choose protection plans

Flexible design with Basic plan and Advanced plan.
Dynamic benefits, suitable with many financial goals and protection purposes

Comprehensive protection

Full protection with Death/ Total and permanent disability coverage.
Financial support up to 10% Sum Assured (not exceed 30 mil VND) when Customer submit the request for Funeral support benefit.
Increasing protection for special events in life.

Condition for participation

Basic option and Advanced option
Entry age	From 30 days old to 70 years old
Policy term/ Insurance term	Until LA gets 100 years old
Premium term	Minimum: First 4 Policy years from the Risk commencing date Maximum: Equal to Policy term

Benefits

A. BENEFITS

1. Death / Total and Permanent Disability benefit:

Basic option

Advanced option

Pay the higher of:

Sum assured and Target Account Value; plus Excess Account Value (if any)

Pay the sum of:

Sum assured plus Target Account Value plus Excess Account Value (if any)

Notes:

From the Policy anniversary when the LA gets 75 years old:

- The Policy with Advanced option will be auto switched to Basic option; and
- If the Life Assured dies or gets Total and permanent disability, Company shall pay the higher amount of Sum assured and Target Account Value plus Excess Account Value (if any)

2. Funeral support benefit

Within 07 working days right after the Company fully receives the Request for settlement of insurance benefits for the death of the Life Assured; Company will pay in advance the smaller amount between 10% of the Sum Insured and VND 30 million.

3. Child Lien

In case the Life Assured is a child under Age 4, Sum Assured of Death/Total and permanent disability benefit and Sum Insured of Funeral Support benefit would be adjusted as the table below:

Age

Under Age 01

From Age 01 to

under Age 02

From Age 02 to

under Age 03

From Age 03 to

under Age 04

Adjusted rate

20%

40%

60%

80%

4. Loyalty bonus

Start from the Risk commencing date to the last day of 4th Policy year and in every each 4 years afterward, Customer will receives the total Loyalty bonus up to 90% First year of annualized Target premium
Company will pay the Loyalty bonus if the Policy is qualified the below conditions

Target premiums have been paid in full during review period (no requirement for paying the Target premium on time); and
No withdrawal from Target Account is made during the review duration of time ; and
Policy keeps in force during review period and at the review point of time.

The review point of time and benefit as the followings:

The last date of the Policy year

4^th Policy year

(Period 1)

8^th Policy year (Period 2)

12^th Policy year (Period 3)

16^th Policy year (Period 4)

20^th Policy year

(Period 5)

% paid of the first year annualized Target Premium

12%

18%

24%

30%

5. Special bonus

Start from the Risk commencing date to the last day of 10^th Policy year and start from the Risk commencng date of 11^th Policy year until the end of 20^th Policy year, Customer will receives total Secial bonus up to 360% First year of annualized Target premium

Company will pay the Special bonus id the Policy is qualified the below conditions:

Target premiums have been paid in full and on time (before the Grace period ends) during the review period; and
No withdrawals from the Target Account is made during the review duration of time; and
No SA decrease during review period; and
Policy keeps in force during review period and at the review point of time.

The review point of time and benefit as the followings:

SA at first issue	Review point of time		Total
SA at first issue	The last date of the 10th Policy year (period 1)	The last date of the 20^th Policy year (period 2)	Total
<500M	80% of the first year annualized Target Premium	160% of the first year annualized Target Premium	240% of the first year annualized Target Premium
500<=SA <1B	100% of the first year annualized Target Premium	200% of the first year annualized Target Premium	300% of the first year annualized Target Premium
SA at first issue >=1B	120% of the first year annualized Target Premium	240% of the first year annualized Target Premium	360% of the first year annualized Target Premium

6. Investment benefit

The Company commits that the published Investment interest rate will not be lower than the minimum guaranteed interest rate during the Policy Term.

B. OTHER BENEFITS

7. Non Lapsed guaranteed Benefit

During the must-pay period, the Main Product will be guaranteed to remain in force even if the Policy account value is not enough to deduct the COI and Policy admin fee.

8. Guaranteed Insurability Option (GIO) Benefit

Policy owner can request to increase Sum Assured without underwriting check ( maximum up to 50% Sum Assured and the increased amount will not exceed 500 mil VND) during the special events of Life Assured in life such as : get married, having baby, get adoption, or the children start studying in 1/2/3 Grades, College or University.

9. Maturity benefit

On the Maturity day, if the Policy is still in force, Company shall pay the Policy account value.

Points to note

The Policy owner and the Life Assured must declare complete and honest information and notify when there is any change in information related to the Policy. In case the Policy owner/ Life Assured (or the legal representative of the Life Assured) intentionally provides incomplete information or provides false information in order to enter into an Insurance Policy to receive the claims, the Company has the right to cancel the Insurance Contract. In this case, the Company does not have to pay the benefit and will refund all premiums, without interest, to the Policy owner after deducting:

Medical check up and expenses (if any);
Paid benefits (including the benefits of the attached products) (if any).

Besides, Company has the right to request Policy owner/ Life Assured pay compensation for damage ( if any)
Policy owner and Life Assured must notify to MAP Life in written in within 30 days of there is any changes in: contact address, phone number, email, name or ID, age/ gender, occupations, when leaving the Vietnam areas from above continuously 90 days.
Policy owner should maintain and submit premium on time. Without pay premium fully and timely in within first 4 years, the Policy might be lapsed.
From the 5^th Policy year, the reducing or stopped submiting premium in the long run or withdrawal from Policy account value might make the Policy get lapsed.
The benfits will not be paid suring the lapsed period.
Company will not pay the benfits in case of the events belong to Exclusions.
Signing in the contract is the long term commitment, if the Policy owner terminate the Policy before maturity date there will be some financial damages to Policy owner, please have a look on the Innitial charge and Surrender charge in the Policy wording of this product.
Participating in the attached product is not the must condition to buy or maintain the in force of the Universal Life product.
Participating in life insurance products is not a mandatory condition for performing financial activities and services at credit institutions or other organizations and units.
Company has the right to deduct Debt (s) that has not been paid before paying the surrender value or benefits following the Policy contract.
This document is only a summary of the main features and contents of the product for illustration purposes only, details information please use the Policy wording of this product. In case there is any brief or incomplete information, leading to different interpretations in this document, such information will be interpreted according to the Policy wording of this product.