Important Notice
1. All the form details must be filled in English
2. The outstanding term of the top-up amount should not be less than 5 years.
3. For single premium investment, 7% initial charge will be deducted from the investment amount.
4. The minimum monthly top up amount is USD50
5. For Premium Increase / Reinstatement a new DDA form must be submitted if a limit has been set on the original form or the original DDA has been cancelled.
6. If client change the BSO with his bank but not through Friends, please submit a certified true copy of the new BSO or the certified true copy of the amendment of the BSO. Otherwise, Friends need a Bank Confirmation letter stating that a Standing Instruction has been set-up quoting the account holders name, account number, amount/date of standing instruction. If the above is not available, Friends is willing to accept a certified copy of the client's bank statement showing the transaction. The bank statement must clearly show the account holder's name, account number and the debit transaction and date.
7. The no. of remaining months can be calculated by Remaining Term Calculator
8. Where a document submitted is not written in English, we require the certifier to explain on the document:
What the document is
Translate the applicant’s name and address into English
The certifier should also write a statement onto the document to the effect that:
| Translation wording: ‘I certify that the English translation provided is a true translation of the relevant part(s) of this document:
Signed: (the signature of the independent financial adviser) Name: (the printed name of the independent financial adviser) Capacity/position held: Date: (the date the independent financial adviser has certified the copy document) |
9. For Reserve plan,
The client should provide the illustration when applying lump sum top up for Reserve plan, if the charge character is different (Eg. The client’s chosen Initial Period is 5 years, if he or she wants to apply top up for 8 years, illustration should be submitted.)
The client No need to submit the illustration when applying lump sum top up for Reserve plan, if the charge character is same (Eg. The client’s chosen Initial Period is 5 years, if he or she wants to apply top up for 5 years, there is no need to submit illustration.)
If the client need to submit the illustration, please send the policy number to FPI by email for illustration generatiom. The email address is [email protected] (Updated: 2 Feb 2018)
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
Principal Document
"FPI Financial Needs Analysis Form" is required (if Top Up documents is submitted after 22 Sep 2020, based on submit to FPI date)
1. Application Form
Premium top up ([P5])
If client has filled up a new fund allocation in the top up form, the new fund allocation will ONLY apply to the Total Premium (existing + top up amount) .
2. Financial Needs Analysis Form [F1]
3. Certified Address Proof (If different from the original address)
4. RESERVE – Top Up Single Premium– Request illustration from Friends if required (Updated: 5 Feb 2018)
Existing DDA can be used if there’s no limit set on the DDA, new DDA form is required if there’s a limit set on the existing DDA.
New BSO form/BSO amendment form is required if BSO is the existing method of payment. If the bank doesn’t have a BSO amendment form, please submit a new BSO form and a BSO cancellation form to cancel the existing BSO setup.
6. Important Facts Statement and Applicant’s Declarations Investment-Linked Assurance Scheme ("ILAS") Policy
For Premier ([I1])
For Premier Ultra ([I2])
For Summit ([I3])
For Zenith ([I4])
For Summit II ([I5])
For Premier II ([I7])
Please note that client will need to tick the box in section III of AD if the applicant is aged 60 above.
For IFS and AD, please highlight the two unique requirements from FPIL on the Important Fact Statement.
7. FATCA-Supplementary application form ([S5]) [For Individual case] OR
FATCA-Declaration for an Entity ([S6]) [For Corporate case]
Please note that Account name is the name of the policy holder and Account number is the policy number.
8. Risk Profile Questionnaire ([R5])
9. Important Facts Statement for Mainland Policyholder ([I8])
Special Cases
-
- If the policy has more than one policy owner, and policy owners would like to authorize that Friends Provident to accept instruction, like fund switching, surrender, regular withdrawal, etc, with only one of the policy owners signature. You can request all policy owners to sign the Dual Authority Declaration ([D3]) . However, after setting the authorization, any one of the policy owners can surrender a maximum 20% of the whole policy without the signatures of other policy owners. But, if the policy is fully surrendered, all the policy owners must sign. If a policy consists of 2 or more policyholders, it is best to advise them to complete the dual authority form for them to able to place switch/redirection via the client online account. FPI will reject all switch/redirection orders from client online account if the policy consist of 2 or more policyholders and has not signed any dual authority form.
Friends Provident Customer Hotline: 35506188