Important Notice
1. Please refer to Policy Administration Manual section 3.5 and 3.29 or Top-up procedures for details and updated requirement (updated: 14 Apr 2014)
- As Sum Insured (SI) is not applied for TAS and PCF, section 3.1 (Increase in Basic Sum Insured) is not applicable. (updated: 12 Aug 2013)
- Section 3.14 (Unscheduled Premium / Unscheduled Premium for Back-Dating Policy) is not applied for Top-up on Regular Premium Plan) (updated: 12 Aug 2013)
2. All signed document should be returned to SOD within 10 days from the sign date (updated: 27 April 2011)
3. For PCF, any increase in the Target Yearly Premium of Basic Plan will be subject to the prevailing administration requirements (e.g. minimum / maximum requirements of increase in Target Yearly Premium of Basic Plan). Currently, the minimum remaining Investment Term for such an increase is 5 years, while the insured should be aged 70 or below. The maturity date of the policy will remain unchanged after an increase in the Target Yearly Premium of Basic Plan. (updated: 12 Aug 2013)
4. For TAS / TES, the target yearly premium of the basic plan may be increased before the insured reaches age 50 provided the premium payment term still has at least 5 years to run. (updated: 12 Aug 2013)
5. If YF Life receives all documents required for change of Regular Planned Premium and the required deposit for change 10 days prior to Autopay Date, YF Life will not collect the renewal premium from client's bank account on the next autopay date. (updated: 11 Feb 2014)
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
NO ICP in YF Life Plan |
| 4 | Risk Profile Questionnaire |
| 5 | Acknowledgement Letter of Specific Services Agreement for Investment-Linked Assurance Scheme Policies |
Principal Document
HK Applicants - Permanent HKID
1. Request for Policy Change Form (A01B) ([R3])
- Please tick item 1 and complete
1) New Planned Modal Premium is ________ effective on_____ MM/YY
2) New Target Yearly Premium of Basic Plan is _____________
- Please also complete Part II (Statement of Insurability) on page 2. (Updated: 5 Mar 2014)
- 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;
- 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.
2. Certified identity document copy (if a copy of valid identity document has not been provided before)
香港永久性居民
- 香港永久性居民身份證
香港居民（非永久性居民）
- 有效旅遊證件；或
- 香港居民身份證及載有個人照片並可證實其國籍之有效文件（如護照、國家駕駛執照等）
非香港居民之人士
- 有效旅遊證件；或
- 載有個人照片的身分證
3. Important Fact Statement [only applied to ILAS Plan] (Updated: 18 Sept 2013)
- Generated by AES YF Life website, consultant can request the top up IFS via service log.
- The date of signature of the IFS must be NOT later than that on the policy service request form (Updated: 11 Feb 2014)
- IFSB-POS Q.1: 投資, 連同小額人壽保障/ Investment with minor life protection
4. If the total annual planned premium is HKD 500,001 or above (including all policies and applications with YF Life), please also submit the below forms and documents as well: (Updated: 19 Nov,2012)
- Confidential Consultant's Report - Client's Background (F01) ([C7])
- Financial Statement of the Proposed Insured / Payor (F02) ([F1])
- Business Card
- financial proof. For details, please refer to the attached New Business Admin Manual - General financial underwriting guidelines (section 5.4.2) for reference. An income statement produced by the Applicant's employer is not accepted.
- 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)
- Please submit two months new premium payment for deposit for change [ONLY for policy with monthly payment mode]
- Please submit 1 Modal of Revised Planned Premium for other payment mode (updated: 12 Aug 2013)
- Consultant Code:
- For PRC Policy – Consultant’s Individual TR Code
- For HK Policy – LY455 or Consultant’s Individual TR Code
Reminder:
- LY455 is a company code which cannot be used for PRC policy, please use the individual TR code of the servicing consultant instead.
- If you want to apply individual TR code, please contact service log for details.
6. Declaration of Individual Tax Residence (POS-G03CRS) Chi Version / Eng version ([D4]) - If applicable and subject to principal
7. Deposit for Change
Please refer to the below "Payment Method".
8. GL30 - Financial Needs Analysis Form (G43) [ENG]/[CHI] ([F2]) (As OnePlatform FNA is a must form for top up 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)
- [Product Mapping Table]
9. Risk Profile Questionnaire (G43-RPQ) ([R12]) [Eng][Chi] for ILAS case only (Updated: 1 Jun 2021)
10. Illustration (SIS) for Non-ILAS case only (must be submitted after 29 June 2017)
For PRC client (Additional documents) (Updated: 14 Apr 2015)
1.Please refer to Top-up Procedures for PRC clients
2. Important Facts Statement for Mainland Policyholder(G26) ([I6])
For PRC Applicants who "Top Up" Premier Choice Flexi Plan (Updated: 19 Nov 2012)
For PRCR polices, increase in Target Yearly Premium of Basic Plan of PCF > or = HK$100,000 MUST submit the acceptable financial documents. Acceptable Financial Documents Include:
1) Copy of personal income-tax return for the past twelve months if the policy owner is an employed person and intends to finance the regular premium from salary.
2) (a) Proof of company ownership; (b) audited company financial statement or similar company financial report for the past twelve months if the policyowner is a business owner
3) If the regular premium is justified by the proposed policy owner’s assets, copy of asset proof for the past twelve months is needed, such as bank statement or property-ownership document. The consultant is required to arrange a meeting for the policyowner and the insured (if applicable) with the Company to complete the procedures for verification of client’s travel documents. (Updated: 12 Aug 2013)
Payment Method
Deposit for change
1. Personal Cheque and payable to "YF Life Insurance International Ltd"
2. Bank Draft
Please provide the receipt which can proof the relationship between the payer and the policy owner and declare in Payment Slip (G04) ([P1])
Subsequence Payment
1. Direct Debit
Direct Debit Authorisation (G07) ([D1]), see the Bank Code Table to check the bank code
2. Cheque (For annual contribution ONLY)
If the client pays contribution annually, he should submit cheque from the policy owner bank account with the investment amount should be payable to YF Life Insurance International Ltd. The debit amount is in HK currency.
YF Life