Important Notice
For Columbus
1. Withdrawal is only allowed for client who has already made all 18 months ICP contributions.
2. The minimum amount of each withdrawal is US$600 / HK$4,800. The remaining Initial Account value after the partial
withdrawal should not be less than US$1,000 / HK$8,000; AND the total Account Value after withdrawal should not be
less than US$1,500/ HK$12,000. Otherwise, the policy will be terminated and a Surrender Charge will be applied.
3. Withdrawal of initial units is subject to the surrender charge
4. Withdrawal of accumulation unit and lump sum top-up units can be made anytime and is NOT subject to surrender charge
5. Withdrawal of units will be in the following ordering until the units are exhausted:
Lump sum top-up units >Accumulation units > Initial units
6. Form should be submitted within 26 calendar days to OnePlatform.
For Cheers Investment Life Insurance Plan / Cheers Plus (Updated: 12 Oct 2015)
1. Minimum withdrawal amount is USD 600 / HKD 4,800 per withdrawal
2. The minimum remaining balance after withdrawal of the Basic Account Balance to Total Account Balance are USD 600 / HKD 4,800 AND USD 1500 / HKD 12,000 respectively
Checklist
1. Investment Choice / Universal Life Withdrawal Request Form ([I2])
(If clients select "Faster Payment" in the form, please complete the Request for application / change of Faster Payment Service [R6] unless you have provided Faster Payment Information before) (Updated: 28 Jun 2022)
2. CS eform
3. Copy of valid Identification Document of Policy Owner (with "Copy" &PIBA number) unless the said document(s) are already in CTF Life’s record (Updated: 17 Mar 2017)
FAQ / Supplementary guideline
CS-926 Arrangement of payment for mainlander [Eng] [Chi] (Updated: 21 Jun 2017)
CTF Life Customer Hotline: 28668898