New Application - ILAS - YF Life

Broker Code: LY455 

Important Note: Please use consultant's individual TR code for applying the new business. (Updated: 08 Apr 2024)

Product List (Regular Saving & Lump Sum Plan): 

 

Important Notice

For corporate application, please refer to Customer Due Diligence on Corporate Clients for detailed requirements of OnePlatform. （Updated: 02 Jul 2020）

1.    Application must be submitted to SOD within 10 calendar days from sign date. For PRC resident, all documents must be submitted to YF Life within 2 working days from sign date. (Updated: 27 Aug 2019)

 2.    Entry age shall be from age 0 – 62 for GBI and 0 – 60 for GBP (last birthday).

 3.    Maximum premium payment term is 30 years.

 4.    Plan Currency: USD only.

 5.    US resident / citizen is not accepted as owner nor insured.

 6.   Joint applicant is not applicable.

7.   All samples provided in OnePortal are for REFERENCE only, consultant must fill in all forms with client’s latest information provided. The reference products recommended should be on OnePlatform’s shelf by the time you make the recommendation. No same provider’s products should be recommended unless there are no other suitable products from other providers. (Updated: 19 Nov 2019)

8.  In order to ensure the proposed policy owner has reviewed and agreed to the contents filled in the policy application documents, the proposed policy owner must sign at the designated area on the forms. In addition, please remind the proposed policy owner for endorsement in appropriate places for the following scenarios:

1) If any content on the form is being amended/revised, the proposed policy owner is required to counter-sign close to the revised part as confirmation;

2) If there is more than one type of handwriting on the form (such as part of handwritten content and part of computer-printed content), the proposed policy owner is required to sign on the lower right corner of each page of the form as confirmation.(Updated: 8 Feb 2021)

Checklist

(OnePlatform Internal Document and Principal Document are required to be submitted)

OnePlatform Internal Document 

1	Client Data Form
2	Client Agreement (CA Form)
3	Financial Needs Analysis Form- If the “Sum Insured” &/ “Cash Value / Surrender Value” of the “Insurance Product to be Purchased” compare with the amount stated in FNA Form within +-10%, it matches client’s needs.(Updated: 22 Oct 2024) - The definition of Vulnerable Customer for YF Life: (Updated: 9 Jan 2025) ➢ Aged 65 or above, or ➢ Education level is “primary level” or below, or ➢ No regular source of income. Sample of GlobalONE Plus (Updated: 07 Jun 2023)
4	Risk Profile Questionnaire
5	Acknowledgement Letter of Specific Services Agreement for Investment-Linked Assurance Scheme Policies

Principal Document

Hong Kong Resident

 For non-permanent HKID holder and declared permanent residential area in China, it is categorized as PRC client. Client need to perform Identity verification and submit all related documents.

You may refer to “IA Guidelines” for more information of NEW RPQ / FNA /IFSAD (Updated: 12 Oct 2020)

1.    ​​​​​​​Application Form (G99) [Eng][Chi] (Only applicable to Guaranteed Acceptance and Simplified Underwriting Products) [A11] (申請表格下載列印時切勿更改版面大小；否則，合規的版面將需重新提交。) – Application Guideline  (Updated: 10 Jun 2020) - New Business Submission Checklist (Updated: 27 Mar 2019)

2.    Certified copy of identification document (Updated: 4 Jul 2019)

A nationality proof is required for non- permanent residents

Certified copy of relationship proof (when owner different from insured)

3.    Payment Method

Payment Slip (G04)  ([P1]) - Must be submitted together with payments

Premium Payment Declaration Form (G86) – If cash payments >= HKD 60,000 / USD 7,500 (including Cash Deposit, Cash payments at YF Cashier Counter, Bank Counter Services)[Memo]

4.    Personalized illustration (SIS)

Full set of illustration document is required, the details please refer to MMA SIS guideline

5.    Confirmation of Policy Benefits and Premiums (G42) [Broker Version]

Attached to illustration and included Commission Disclosure Declaration

6.    Important Facts Statement and Applicant’s Declarations (IFS&AD) (Version: 08/2024) (Updated: 3 Sep 2024)

       - Print out with proposal in SIS (Updated: 25 Aug 2022)

       - IFSB-NB Q1: 投資, 連同小額人壽保障 / Investment with minor life protection

7.   GL30 Financial Needs Analysis Form (G43)  [ENG] / [Chi]  ([F2]) As OnePlatform FNA is a must form for new application and it is also accepted by YF Life, so it’s not a must to submit YF Life FNA form at the same time.(Updated: 1 Jun 2021)

    -  FNA Guideline (Updated: 26 Mar 2021)

    - If the “Sum Insured” &/ “Cash Value / Surrender Value” of the “Insurance Product to be Purchased” compare with the amount stated in FNA Form within +-10%, it matches client’s needs.(Updated: 22 Oct 2024)

    - ​​​​​​​​​​​​​​[Product Mapping Table]

8.  Risk Profile Questionnaire (G43-RPQ-11/2025) ([R12]) [Eng][Chi] (Updated: 27 Nov 2025)

9.  Consultant's Report (G01) ([C3]) 

10. Address proof is not required unless it is required by YF Life, or OnePlatform has to conduct further verification with the client’s identity. (Updated: 24 Oct 2017)

11.  Customer Protection and Important Facts Statement – Policy Replacement [C4] (If any answer is “Yes” or “Not yet decided” for policy replacement declaration on the Application Form) [MEMO]

- If the replaced/ to be replaced policy is under YFLife, only need to complete Section A and Important Facts Statement - Policy Replacement

- If the replaced/ to be replaced policy is NOT under YFLife, need to complete the whole form.(Updated: 29 Apr 2021)

 

Non-Hong Kong Resident or PRC Resident (Additional documents)

For Non-Hong Kong Resident

 

For PRC Resident Only (For PRC ID Holder case, please see New Business Administrative Manual Section 3.1) (Updated: 04 Jun 2024 )

Revised Details of PRC Operations Guide (Updated: 8 May 2019)

Revised the procedure of the Internal License for PRC Sales (For Hong Kong Broker Only) (Updated: 10 May 2019)

        

(Additional documents if applicable)

Financial Underwriting Requirements (Updated: 04 Jun 2024)​​​​​​

Refer to the New Business Administrative Manual Section 5.

For details of Financial Proof, please refer to New Business Administrative Manual Section 5.4

 

FAQ / Supplementary guideline

1.    For application of Non-HK resident, please refer to New Business Administrative Manual Section 3.7 [Applicant is a Foreign Resident] & Section 3.9 [Proposed insured requires working overseas] .

2.    For nationality / residency not listed in manual, please contact YF Life sales staff.

3.    For Details of Foreign Account Tax Compliance Act, please refer to FATCA FAQ (Updated: 24 Jun 2014)

4.    修定非保單簽發地居民的投保指引 [2015-OB02-AA-IB] (Updated: 7 Jan 2015)

5.    提醒客戶使用指定之繳付保費方式 [POS-2015-MO10-IB-HK] (Updated: 18 Jun 2015)

6.    投資相連壽險計劃的銷售程序及相關之投保/增購的行政規定[2015-OB15-IB-MS] - FOR MACAU BUSINESS ONLY (Updated: 30 Sep 2015)

   Appendix 1

   Appendix 2

   Appendix 3

7. 有關保險業監管局收取保費徵費之行政規則 2017-OB14-IB-HK  (Updated: 3 Jan 2018)

8. 獲豁免進行財務需要分析(FNA)的保險計劃 2018-OB11-IB-HK (Updated: 16 Jul 2018)

9. 提高豁免常規體檢額上限 (短期措施) (Apply to the New Application/Add Rider Application/Reinstatement submitted between 02 Jan 2019 to 26 Jun 2019.) (Updated: 3 Jan 2019)

10. 2019-OB04-IB - 第二保單持有人提名指引 (Updated: 4 Jan 2019)

11. Submission Tips (Updated: 5 Jul 2019)

Special case

1.    For any amendment to application before policy issue, should fill in Amendment to Application (G03) ([A1]) 

2.    If client’s Home Address is the same as Work Address, should fill in Amendment to Application (G03) ([A1]) to clarify.

3.    If supplementary benefit is added to the basic plan, should fill in Personal Statement of Proposed Insured Proposed Policy Owner (G31) [ENG]/[CHI] ([P4])

If YF Life has received the medical reports on proposed clients but does not receive their application form and G42-PICS within the next 14 working days (the sign date of the above mentioned documents must be on or before the date of client undergo medical exam, otherwise, the document will not be accepted), YF Life will follow the PCPD's guidelines to erase and destroy their medical reports.