AIA Hong Kong announced the launch of AIA "Wealth Elite 2 – Sapphire" life insurance plan to help high net worth customers plan ahead for their legacy with greater flexibility. The plan is highly competitive with close to 4X leverage1– with the same premium amount, AIA "Wealth Elite 2 – Sapphire" customers can receive a greater sum assured as compared with similar products* in the market, enabling them to plan legacy effectively. The plan provides the first-in-market Pre-Underwriting Option2 of up to USD 20,000,000 – upon successful application for the first policy, customers can apply for another one or more policies of AIA "Wealth Elite 2 – Sapphire" with a simplified medical underwriting procedure within a designated time period and the pre-approved cover amount.

Moreover, the plan offers multiple flexible options, including the Mental Incapacity Option3. This option allows customers, in consideration of their personal mental health conditions, to designate a family member in advance to withdraw policy value on their behalf to meet the financial needs of their family. As for the enhanced Death Benefit Settlement Option4, it allows customers to decide in advance on the first benefit payment date to the beneficiary, as well as the benefit amount and payment way, enabling customers to enjoy peace of mind and greater security and flexibility in legacy planning and wealth allocation.

From now till 31 December 2022, customers who successfully apply for AIA "Wealth Elite 2 – Sapphire" can enjoy an array of exclusive privileges, including Premium Discount, Simplified Underwriting Offer, Relaxation of Medical Underwriting Requirement, Reduction of Minimum Sum Assured Requirement and MICHELIN-starred Dining Experience. AIA "Wealth Elite 2 – Sapphire" is a participating whole-life insurance plan that covers the entire lifespan of the insured and offers guaranteed cash value with great potential returns (non-guaranteed bonuses)5 for long-term wealth accumulation. Customers only need to pay a single premium and it has the following key features: Competitive Life Protection with close to 4X Leverage: With the same premium, AIA "Wealth Elite 2 – Sapphire" customers can receive a greater sum assured as compared with similar products* in the market, with close to 4X leverage1, which is highly competitive; First-in-market Pre-underwriting Option of up to USD 20 Million Pre-approved Sum Assured: The plan offers Pre-underwriting Option2 to customers who expect additional needs of life cover in the future.

Customers can apply for the Pre-underwriting Option when first applying for the plan and undergo a medical underwriting in advance based on the total life cover amount they decided. They can then apply for one or more AIA "Wealth Elite 2 – Sapphire" policies for the same insured with a simplified medical underwriting within 36 months. The pre-approved sum assured can be up to USD 20,000,000; Mental Incapacity Option: Customers can designate a family member as a recipient in advance.

When the customer is unfortunately diagnosed as a permanent mentally incapacitated person, the recipient can request to withdraw a designated percentage or full amount of policy value on the customer's behalf for emergency financial support; Enhanced Death Benefit Settlement Option: Apart from the settlement option of a lump sum payment of death benefit or regular instalments to be paid to the beneficiary, customers can also decide on the date of the first instalment payment, further enhancing the flexibility of legacy planning to cater to their personal needs.