Death benefit
1. Life protection, fully secure
2. Waiver of Instalment Benefit, thoughtful coverage
3. Total and Permanent Disability Coverage gives you extra peace of mind
4. Single Premium Payment is better aligned with your budget
Life Protection – Comprehensive and Secure
The policy term ranges from 3 to 40 years, enabling policyholders to choose a coverage period that matches their mortgage loan tenure¹. The sum insured² is based on the outstanding mortgage loan balance. During the policy term, should the insured pass away, the beneficiary will receive a death benefit equal to the sum insured for that policy year. This benefit is intended to repay the outstanding mortgage, thereby easing the financial burden on the family. The benefit amount is calculated using the sum insured, the chosen policy term, and a predetermined interest rate, and it decreases on each policy anniversary.
Waiver of Instalment Benefit
Waiver of Instalment Benefit – Thoughtful Care
This plan includes a Waiver of Instalment Benefit. If the insured becomes totally disabled³ due to injury or illness before age 65 and remains disabled for 6 consecutive months or more, the Company will make monthly payouts starting from the 7th month. Such payouts are subject to a maximum of 12 consecutive monthly payments in total.
Total and Permanent Disability Benefit – Greater Peace of Mind
During the policy term, if the insured is finally diagnosed before age 65 as having totally and permanently lost the ability to work due to injury or illness, and is therefore unable to engage in any occupation or business for income or reward, and such condition is considered incurable and irreversible based on current medical knowledge and technology, the insured may submit a medical certificate confirmed by a registered medical practitioner after a 6‑month waiting period. Upon approval, a lump‑sum benefit equal to the sum insured for that policy year will be payable. The benefit amount is calculated based on the sum insured, the policy term and a predetermined interest rate, and decreases on each policy anniversary. No benefits already paid under this plan shall be deducted from this benefit. This plan will automatically terminate upon full payment of the sum insured for that policy year.
Single Premium Payment – Better Budget Planning
This plan adopts a single‑premium payment method, with the entire premium payable upfront in one lump sum, making policy management more straightforward and convenient.
1. Entry age: 18 years to (70 years – coverage period)
2. Coverage period: 3 to 40 years
3. Premium payment mode: Single premium (lump sum)
4. Minimum sum insured: MOP/HKD 80,000
5. Policy Currency: Macau Pataca / Hong Kong Dollar
This promotional material is for reference only and distributed exclusively in Macao. It does not include the complete policy provisions contained in the policy documents. It shall not be construed as an offer, a solicitation or a recommendation to provide, sell or persuade the purchase of any product of LFH Life outside Macao. For details (including terms, conditions, exclusions, premiums and fees) of the Plan and the optional benefits (if any), please refer to the policy documents issued by LFH Life. For enquiries, please get in touch with your professional financial adviser or call LFH Life’s customer hotline on 28700883.
The Policy Owner is subject to the credit risk of LFH Life. If the Policy Owner discontinues and/or surrenders the insurance plan during the early years of the policy, the benefit they receive may be considerably less than the amount of premiums they have paid.
LFH Life reserves the right to decide whether to accept or reject any application for the Plan and its optional benefits (if any) according to the information provided by the proposed insured and the applicant at the time of application.
a. Exchange rate and currency risk disclosure: you will be exposed to exchange rate risk if you pay your premiums in a foreign currency. The exchange rate may fluctuate from time to time due to various factors, possibly leading to financial losses on your part. The changes in the exchange rate could result in the subsequent premiums payable (if any) being higher than the initial premium. You should consider the exchange rate risk before deciding on the currency for premium payment.
b. The Policy Owner shall pay the premium on time during the premium term. Failure to pay the required amount by the end of the grace period (if applicable) designated by LFH Life may result in lapse or termination of the policy. Nevertheless, it is subject to the automatic premium loan (if applicable) (LFH Life will advance the premium due from the non-forfeiture value as an automatic premium loan) and non-forfeiture provisions (if applicable). If the policy is terminated or lapsed due to non-payment of the premium, the Policy Owner may receive a surrender value less than the total premiums paid and lose the insurance protection provided by the policy.
c. LFH Life will terminate the policy before the maturity date if any one of the following events occur:
(i) The insured passes away;
(ii) LFH Life approves the Policy Owner’s written request for surrender;
(iii) The policy lapses after the end of the grace period;
(iv) The non-forfeiture value is zero (if applicable);
(v) The total amount of the benefits LFH Life has paid or is going to pay has reached the maximum benefit limit for all coverages under the policy (if applicable)
d. The actual inflation rate may exceed expectations; therefore, the real value of the amount you receive may be lower.
e. If this plan is surrendered early, the surrender value payable may be substantially less than the total premiums paid.
f. The death benefit or Total and Permanent Disability (TPD) benefit will decrease annually in line with the repayment of the mortgage loan, based on the sum assured (including the selected interest rate). Therefore, the reduced death benefit or TPD benefit may not be sufficient to fully repay the outstanding balance of the loan, especially if the sum assured at the time of application is lower than the actual mortgage loan amount.
The incontestability clause applies only to the Death Benefit under the policy. Except for non-payment of premiums or fraud, the validity of the policy shall become incontestable after it has been in force for two (2) years during the insured’s lifetime, starting from the policy issue date or the policy reinstatement date, whichever is later. To prevent misunderstanding, LFH Life reserves the right to void the entire policy according to the provisions related to fraud, misrepresentation or non-disclosure of material facts, or as otherwise permitted by the law, without being constrained by the incontestability clause.
The Policy Owner shall provide statements and answers that are completely truthful and accurate to the best of their knowledge and belief. In case of any fraud, misrepresentation, or non-disclosure of any material fact in the insurance application (if any) or the declaration upon which this policy is based, concerning any other matter affecting this policy or LFH Life’s risk, or in connection with the making of any claim under this policy, LFH Life has complete and absolute discretion to void this policy, and all claims hereunder shall be forfeited. Any premium(s) paid by the Policy Owner in these circumstances, except for cases involving fraud, will be refundable.
This policy is issued based on the age, gender or other factual details of the insured as specified in the policy schedule. Subject to LFH Life’s rights in the case of fraud, if the age, gender or other factual details of the insured have been misstated, the payable premiums and all benefits provided by this policy will be recalculated based on the premiums paid and the benefits entitled according to the correct age, gender and other factual details of the insured. If there is an overpayment of any premium resulting from the insured overstating their age or misstating their gender, LFH Life will refund the excess portion accordingly. LFH Life may exercise the absolute discretion to terminate the policy upon discovering the insured’s correct age, gender and/or other factual details that would have rendered them ineligible for the policy, and is solely liable for a refund of the paid premiums (without interest).
The Policy Owner has the right, by providing written notice, to request the cancellation of the policy and a refund of any premium(s) paid (the premium(s) will be refunded in the currency of the policy or MOP/HKD based on the exchange rate provided on the day of the refund. To the extent permitted by law, LFH Life may deduct from the premium(s) to be refunded any fees directly incurred from underwriting, including but not limited to the fees for medical examinations and investigations). The Policy Owner shall sign the notice and ensure its direct receipt by LFH Life’s principal office at Alameda Dr. Carlos D'Assumpcao, No. 398, Edificio CNAC, 4º Andar, Macau within the cooling-off period, which is 21 calendar days from the delivery of the policy to the Policy Owner or their representative.
If the Insured commits suicide, while sane or insane, within one year from the Issue Date or date of any reinstatement, whichever is later, the Company's liability shall be limited to a refund of premiums paid without interest less any indebtedness. In the case of reinstatement, such refund of premium shall be calculated from the date of reinstatement.
The Policyowner may surrender this Plan to the Company on or before the Maturity Date for the Surrender Benefit provided that no Death Benefit and TPD Benefit have been paid or become payable under this Plan by giving the Company a written notice with the original policy, and the surrender shall take effect on the date specified in such notice or, if no date is specified by the notice, a date determined by the Company. The Company reserves the right to defer payment of the Surrender Benefit for a period not exceeding six (6) months from the date of surrender. The payment of the Surrender Benefit under this Plan to the Policyowner or to any named assignee, or evidence that the Surrender Benefit has been deposited or cashed will discharge the Company from further liability under this Plan.
The insurance of any Insured shall automatically cease on the earliest of the following dates:
a. the Policy Anniversary at which the Insured attains the age of 70;
b. the date of the expiration of the period for which the last premium is made;
c. upon the payment of Death Benefit or TPD Benefit;
d. if and when this Plan matures, expires, is lapsed, is cancelled or is surrendered.
e. The total amount of claims paid or to be paid by Luen Fung Hang Life Insurance Company Limited has reached the maximum benefit limit of all benefits under the policy (if applicable).
NOTE
Note 1: The policy term shall not exceed the maximum term of the mortgage loan.
Note 2: The Sum Insured shall not exceed the total amount of the mortgage loan
Note 3: "Total Disability (TD)"means the conclusive Diagnosis of the complete inability of the Insured as a result of Injury or Sickness which prevents the Insured from engaging in any work, occupation or business for which he/she is reasonably suited by education, training or experience to earn or to obtain wage, compensation or profit. The Company may reasonably require proof of TD from an independent, qualified and registered Doctor approved by the Company.
a. This Policy does not cover any death caused by or resulted from suicide within one year from the Issue Date.
b. Except if the Applicable Law provides otherwise, this Policy excludes any TD or TPD directly or indirectly caused by or resulted from any one of the following:
(i) the Insured’s committing or attempting to commit self-inflicted Injury, while the Insured is sane or insane;
(ii) the Insured’s suffering from any mental or psychiatric related illness;
(iii) the Insured’s committing or attempting to commit a criminal offence or participating in any brawl;
(iv) the Insured’s taking or absorbing or being under the influence of, accidentally or otherwise, any alcohol, drug, narcotic, medicine, sedative or poison, except as prescribed by a Doctor;
(v) any human immunodeficiency virus (HIV) and/or any HIV-related illnesses including acquired immune deficiency syndrome (AIDS) and/or any mutations, derivations or variations thereof;
(vi) war (whether declared or undeclared), insurrection, civil war or any war like operation, whether or not the Insured was actively participating in them; or,
(vii) atomic explosion, nuclear fission or radioactive gas.
Luen Fung Hang Life Limited
Alameda Dr. Carlos D'Assumpcao, No. 398, Edificio CNAC, 4º Andar, Macau
Tel. no.: (853) 2870 0883
Fax no.: (853) 2870 0881
Satisfactory proof of death and/or Total Disability and/or Total and Permanent Disability, which it requires the Policyowner and/or Beneficiary and/or any named assignee to provide at their expense, must be furnished to the Company within ninety (90) days after the date of death and/or Total Disability and/or Total and Permanent Disability.
Alameda Dr. Carlos D'Assumpcao, No. 398, Edificio CNAC, 4 Andar, Macau 
(853) 2870 0883 
