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AXA “Wealth Ultra Savings Plan (2-year Pay)” returns

Short premium payment term with low entry fee and high long-term growth

Limited-time 4.5% p.a. guaranteed preferential interest rate for premium prepayment

HONG KONG SAR – Media OutReach – 7 October 2021 – AXA Hong Kong and Macau’s award-winning “Wealth Ultra Savings Plan” had first offered 2-year premium payment term in February this year – “Wealth Ultra Savings Plan (2-year Pay)”(“Wealth Ultra (2-year Pay)”), which received overwhelming response in the market. The product now returns, offering customers with sustainable wealth growth at an annual premium as low as USD10,000. From now until 31 October 2021, customers can enjoy 4.5% p.a. guaranteed preferential interest rate on the prepaid premium if they choose to pay the 2-year basic plan premium in one go. “Wealth Ultra (2-year Pay)” is a limited-time offer, with the market-leading features including:

 

Projected total cash value doubles every 10 years[1], providing potential growth on savings. Apart from the guaranteed cash value, Wealth Ultra (2-year pay) also provides two types of non-guaranteed bonuses – the reversionary bonus and the terminal bonus. Starting from the 6th policy year, the total cash value is projected to double every 10 years on average; and from the 82nd policy year, the total Internal Rate of Return (IRR) for each policy year is expected to exceed 7%[2].

 

Bonus Lock-in Option to lock in gains without an aggregate limit for the lock-in rate. Customes can transfer the reversionary bonus and terminal bonus to the bonus lock-in account, without partially surrendering their policies. Customers can thus turn the non-guaranteed bonus into guaranteed and earn up to 3.5% p.a. interest[3] from it, avoiding potential changes to the returns posed by market fluctuations and accelerating their wealth accumulation.

 

Flexi Continuation Option to support both life protection and legacy planning. Customers can pre-assign the policy value to be passd on for wealth accumulation; while the remaining portion will be payable to the designated beneficiaries in the form of compassionate benefit for immediate financial support.

 

An unlimited number of times for changing the insured to pass on wealth across generations. Customers can change the insured of the policy after the 1st policy year without affecting the policy value. The benefit period can be updated to age 138 of the latest insured.

 

Kevin Chor, Chief Life and Health Insurance Officer, AXA Hong Kong and Macau, said, “The local demand for savings product is robust. According to our internal data, the annualised premium equivalent (APE) of the saving products from local customers has increased over 33% in the first half of 2021 compared to the same period of 2019, i.e. pre-Covid times. In response to the tremendous local needs of savings products, we deliberately re-launched our popular Wealth Ultra Savings Plan (2-year Pay), which was first introduced in February for a limited time. We hope this popular product can provide our customers with competitive and sustainable returns without requiring a long term payment.”

 

For more information on Wealth Ultra Savings Plan (2-year pay) , please visit: https://www.axa.com.hk/en/wealth-ultra-savings-plan-2-year-pay

 

The above is for reference only. For details of the product, including terms and conditions, please refer to the product brochure and policy contract.

 

#AXA


[1] Total cash value is the sum of guaranteed cash value, non-guaranteed cash value of reversionary bonus and non-guaranteed cash value of terminal bonus.

[2] The total IRR is rounded to the nearest percentage. Please refer to the relevant product brochure for detailed assumptions and conditions.

[3] The interest rate is non-guaranteed and may be changed by AXA at its discretion from time to time without prior notice.

Luang Prabang City Goes into Full Lockdown

Luang Prabang Full Lockdown
Luang Prabang goes into full lockdown (Photo: Evensong Film)

The city of Luang Prabang has gone into full lockdown as the province sees a growing number of cases of Covid-19.

Savannakhet Province Declares Sepon Mine a Green Zone

Sepon Mine Declared a Green Zone
Sepon Mine Declared a Green Zone

Savannakhet Province has now declared Sepon Mine a green zone after more than 30 days with no evidence of Covid-19 infection on site.

Luang Prabang Sees Surge of New Covid-19 Cases Across Several Districts

Luang Prabang (Photo by Evensong Film)
Luang Prabang (Photo by Evensong Film)

Laos has recorded 414 new cases of Covid-19 across the country today, with Luang Prabang recording almost as many cases as Vientiane Capital.

Private Sector Pushes for Reopening of Factories in Vientiane Capital

Garment Factory Worker
Garment Factory Worker

Private sector representatives have called on the government to consider reopening factories in Vientiane Capital in a bid to speed up economic recovery.

Blooming Poet Advocates For Sustainability As It Launches The Gunny Sack Collective

SINGAPORE – Media OutReach – 7 October 2021 – With pollution and global warming remaining constant hot button issues, Blooming Poet has recognised the need to be more sustainable in its efforts to protect the environment. As bouquet wrappers are typically made of plastic and predominately single-use, the continued usage of such wrappers would only further harm the environment in the long term. To that end, the online florist has announced it is launching a new line of environmentally-conscious products dubbed “The Gunny Sack Collective”.

By upcycling gunny sacks that have been used to store and transport cacao or chocolate beans from Ecuador to wrap its flower bouquets, Blooming Poet is hoping to offer a more environmentally responsible option for consumers looking for green choices to add to their retail therapy carts. Moreover, the online florist hopes the rustic barnyard look can offer customers a refreshing change to its customary wrappings.

Customers can also expect exotic and speciality blooms like tulips, peonies, hydrangeas, and garden roses to feature in their flower bouquets. The garden roses, in particular, are sourced from sustainable farms, giving environmentally-conscious shoppers another eco-friendly option. To ensure its customers receive only the freshest flowers with a surprise twist, the flowers and designs are curated daily and left up to the imagination and creativity of Blooming Poet’s artisan florists. The flowers come in three sizes – Cutesy, Statement, and Grand Gesture – to cater to individual customer’s needs.

Best of all, the gunny sack wraps are priced at the same cost or, in some instances, cheaper than their traditional paper and plastic counterparts. This decision bucks the usual trend in various industries, where eco-friendly and sustainable options often cost more, discouraging consumers from adopting such practices.

 

With this launch and its pricing strategy, Blooming Poet is also aiming to spark discourse and raise awareness for customers to switch to an eco-friendly option in an industry that has traditionally produced significant plastic and paper wastage.

 

While such products have proliferated throughout countries like the United States, it has remained largely unknown in the South East Asia region, and Blooming Poet is looking to change that. The hope is that this new product line can send a message to care about the environment and inspire consumers to contribute to a circular economy by embracing gunny sack wrappings.

 

“As the former First Lady of the United States, Lady Bird Johnson, once said, the environment is where we all meet; where we all have a mutual interest; it is the one thing all of us share,” mentioned Jyo, founder of Blooming Poet. “As such, it is everyone’s duty to be environmentally conscious and to do our part to ensure Mother Earth has a future for our children to inherit.”

 

Blooming Poet is an online florist based in Singapore that offers a full range of floral products, such as bloom boxes, flower crowns, and bridal bouquets. Each of its art-inspired, handcrafted floral arrangements is hand-picked and uniquely tailored to each customer’s needs. For more information about “The Gunny Sack Collective” and Blooming Poet’s various other products, please visit https://www.bloomingpoet.sg/.

 

#BloomingPoet

ASEAN May Exclude Myanmar From Next Summit

Senior General Min Aung Hlaing
Senior General Min Aung Hlaing

The Association of Southeast Asian Nations (ASEAN) is discussing excluding Myanmar’s leader from a summit later this month after the country has failed to make any progress in restoring peace within its borders.

Peruvian agri-food exports to Hong Kong continue to increase in 2021

  • The export figures now surpass those of 2020 and position Hong Kong as the second leading Asian destination for Peruvian fresh foods.
  • The Commission for the Promotion of Peru, PROMPERÚ, is promoting chia and quinoa in Green Dot Dot supermarkets.

HONG KONG SAR – Media OutReach – 7 October 2021 – Peruvian agri-food exports to Hong Kong increased during the first months of 2021 rising to 100 million dollars in June. This data constitutes an increase of 53.9% compared to 2020.

 

Grapes, avocados and cranberries remain the most sought-after Peruvian fresh products in Hong Kong. Cranberries exports showed a big increase in 2021, they rose by 693.4% in value compared to the previous year.

 

In view of these results, PROMPERÚ continues to commit to promotion initiatives in Hong Kong points of sale, both at a retail level and in the restaurant sector.

 

In the Green Dot Dot supermarket chain, chia seeds and quinoa have been the products promoted since August and September.

 

Also, during November events and tastings are taking place of the Peruvian liquor par excellence: pisco. Under the name “Pisco Nights”, consumers in Hong Kong will be able to enjoy this drink and discover all of its production in several bars in the city of Hong Kong.

 

PROMPERÚ through its commercial office for ASEAN based in Bangkok, will continue to implement promotional actions in this market because there is still enormous development potential for Peruvian products.

 

Hong Kong is a large importer of agri-food products, where consumers greatly value quality and food safety, and commercial operators seek international companies that offer a good service along with experience of overseas shipping. The Peruvian offer covers all of these needs, and is the key to the success of our exports.


PERU IN ASIAN MARKETS

The main markets for Peruvian agri-food exports in Asia in 2020 were China ($182 million), Hong Kong ($158 million) South Korea ($116 million) and Japan ($89 million). In 2021 the figures have risen by +20% compared to the same period last year and even when compared to the performance of 2019.


SUPER FOODS PERU

The “Super Foods Peru” brand represents Peruvian foods of distinctive quality. Coming from the country’s different natural ecosystems, these products have exceptional nutritional properties. Discover more about “Super Foods Peru” here.

 

#PROMPERÚ