which reportedly offer comprehensive protection and guaranteed returns

BEA Life, a wholly owned subsidiary of Hong Kong-based Bank of East Asia, has launched two savings insurance plans, Three-Year Quick Savings Insurance and Eight-Year Smart Savings Insurance which reportedly offer comprehensive protection and guaranteed returns.

The company said that Three-Year Quick Savings Insurance and Eight-Year Smart Savings Insurance are the endowment plans with guaranteed cash bonuses and potential dividends. Customers can enjoy total potential returns of up to 122% for Three-Year Quick Savings Insurance and 115% for Eight-Year Smart Savings Insurance.

In view of customers’ varying financial needs and objectives, customers may select a premium payment period of three or eight years and pay their premiums in U.S. or Hong Kong dollars. Premiums remain fixed throughout the premium payment periods. Anyone aged below 65 may apply for either plan, regardless of his or her health status.

Patrick Wan, managing director of BEA Life, said: In face of the current economic conditions, customers tend to be more cautious and are looking for solutions with stable and guaranteed returns. To cater to this growing preference, we are pleased to launch two savings insurance plans to help our customers achieve their savings targets in just three or eight years while they enjoy comprehensive protection.