New Application - ILAS - Zurich

Broker Code：0500291

Product List:

Product Note:

7.  For Pre-underwriting service provided by Zurich, Consultant please submit the below via SOD normal:

* Full set of application

* Original signed Pre underwriting declaration ([P5])

* Mark the policy number on the application form cover (for sum insured HK $3M or above)

8.   New Business Guideline (Updated: 19 Dec 2017)

All NB application should be submitted to SOD within 25 calendar days after signed; while PRC cases should be submitted to SOD within 5 working days with effect from 1 Sep 2016.

9. 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)

10. For consultant own case, please be reminded that the submitted FNA, IFS or Suitability Assessment are required to be signed and conducted by another consultant.

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

a) If the regular premium is greater than 30% of policy owners income, please indicate other source of income on P.8 Section Ⅵ. “Remarks” with client's signature.

b) For joint owners case, TWO separated Financial Need Analysis forms to be signed and completed by policyholders.

c) For FNA p.3 Q5, Please mark “Although consultant had introduced (Name(s) of all other plan(s)), I think (Name of the applying plan) is more suitable for me. Therefore, I selected it.”

Principal Document

Hong Kong Resident

1.  Application Form

• Please note client’s email address & mobile number must be provided on the request form. (Updated: 22 Aug 2017)
• Agency code: 0500291
• ​​​​​​​​​​​​​​[Product Mapping Table](The product mapping table is for reference only. Please only recommend products which are on shelf at the time you make the recommendations.) (Updated: 31 Jul 2017)

2.   Financial Needs Analysis Form (HK00434)[F1] (effective date is 15 March 2021)

3. Personalized illustration

• Personalized illustration can be generated from ZAP (https://zap.zurich.com.hk) (Updated: 25 Sep 2015)
• Regarding to consultant’s ZAP login account creation and any further enquiry, consultant can create a CS-General service log with Service Subject of “Request Proposal”.
• All details on illustration must match with the information on the application (Updated: 24 Sep 2015)
• If premium is over monthly premium of USD3000 (= HKD24,000) or yearly USD36,000 (HKD288,000 OR total sum insured is (to calculate Pacific only and EXCLUDED any existing benefit cases) over USD750,000 (= HKD6,000,000), please also complete Health and lifestyle questionnaire ([H2])

4.  Certified Proof of Address

• Client needs to fulfill both principal and OWM address proof requirement, for details, please refer to OWM address proof requirement AND Zurich -   Certified Proof of Identity  ​​​​​​​

5.  Certified Proof of Identity

6.  Important Facts Statement and Applicant Declarations

7.  Risk Profile Questionnaire ([R3]

8.  Payment

• Payment Method for "Initial Payment" and "Subsequent Payment" / Third Party Payment
• Proof for initial premium (if needed)
• If DDA is a joint-named account, please write the both account holders’ name and ID number on the DDA page. And DDA bank a/c number should be 7-9 digits excluding bank code and branch code. (Updated: 30 Sep 2015)

9.  Lives / Additional lives insured Application Form ([L2]) – This form should be submitted if Life Insured is different from the policy owner. Both policy owners’ signatures are required for Joint owners policy. For Fund Switching, if clients want either one signature to carry out fund switching instruction, a letter attention to Zurich with both policy owner's signature

10.  Customer Protection Declaration Form ([C5]) – This form should be submitted if client declares “Yes” in the Replacement Declaration on the Application Form.

11. Origin of wealth guidelines and questionnaire (HK00143)([O1]) – Please refer to this guideline and complete this form for high risk customers, income proof is needed.

12.  Supplemental Document - Declaration for Data Protection for Zurich International Life Limited (HK00274) ([S5]) (If new application form version 01/19 is used, no need to submit this form.)

PRC Resident (Additional documents)

1.     Entry proof

 PRC residents must submit the following documents as entry proof.  For details, please refer to points to note

• the certified true copy of Travel Permit 《通行證》;
• landing slip

A proof of entry is required for further submission of the following outstanding requirements for Mainland China new business unless the outstanding requirement submitted was signed and dated within 7 days from entry to Hong Kong.  (Update: 7 Sep 2015)

• Supplementary/forms/documents which require client's signature, for example, signed illustration, questionnaires, declarations, Customer Protection Declaration, etc
• Any certified true copy documents, for example, proof of address, proof of identity, Financial Needs Analysis (FNA), etc

2.     Declaration for residents of mainland China ([D3])

3.     Declaration for intermediaries in relation to business conducted with residents of mainland China ([D2]) (China applicants only)

4.     Important facts statement for Mainland Policyholder (IFS-MP) ([I15]) – required for application signed on/after 1 Sep 2016

(Additional documents if applicable)

1.    Financial requirement

Income proof is needed to support the information given in the Origin of Wealth if the premium exceeds the amount below:

Please note: the premium indicated above include any contributions to existing policies.

For Detail, please refer to Origin of wealth guidelines and questionnaire (HK00143) ([O1])

2.  Important facts statement for Mainland Policyholder Requirement

Point to note:

• applicable to all new applications, policy assignment and top up where the policy owners / assignees are holders of Resident Identity Card (PRC);
• IFS-MP needs be conducted once for one policy;
• the customer needs to sign on every page of the form and the one signed by the Mainland customers must be in Simplified Chinese which the font size must not be smaller than 12;
• policy applications from Mainland customers to insurers must be within 7 working days of the signing of the policy application (including the declaration signed by policyholder confirming that the selling process is conducted in Hong Kong);

• for ILAS product, Mainland customers have to sign both IFS-MP and IFS-ILAS; sign date of both IFS must be on or before the application sign date.

FAQ / Supplementary guideline 

• Zurich Q & A
• Funds code can be found in the below:
• Fund Center in ZIO https://online.zurichinternationalsolutions.com/
• Zurich website: http://www.zurich.com/international/hk/hk-eng/funds/fund+introduction.htm
• Monthly Investment Bulletin (MIB)
• A customer guide for anti-money laundering requirements for details.
• For Details of Foreign Account Tax Compliance Act, please refer to Zurich FATCA FAQ

Special Case 

For the following cases, New Application Supplementary Form is needed.

• If client's residential address is the same as his office address; please state the reason for that.
• If the country of residential address of client is different from the address of employer (includes places among Hong Kong, Mainland and Macau), please explain the details.

For Beneficiary, Zurich suggest appointing beneficiary after policy issue.

Zurich Customer Hotline: 3405 7150 (for general enquiries ONLY)