Important Notice
1. Encashment / Withdrawal is only allowed for client who has already made all ICP contributions.
For Blue Global Savings Account, the ICP is 18 months.
2. The minimum withdrawal amount if old GSA (before April 2008) is HKD12,000
The minimum withdrawal amount if GIA is HKD10,000 (updated: 24 April 2011)
3. The minimum account value after encashment of old GSA (before April 2008) is HKD25,000
The minimum account value after encashment of GIA is HKD100,000 (updated: 24 April 2011)
| Plan Type | Contract Currency | |||||
| HKD | USD | GBP | EUR | AUD | SGD | |
| Blue Global Saving Account | 10,000 | 1,500 | 1,000 | 1,500 | 3,000 | 3,000 |
| Blue Global Investment Account | 10,000 | 1,500 | 1,000 | 1,500 | 3,000 | 3,000 |
5. The below table is the minimum account value after encashment of new GSA (after April 2008)
| Plan Type | Contract Currency | |||||
| HKD | USD | GBP | EUR | AUD | SGD | |
| Blue Global Saving Account | 18,000 | 3,000 | 1,800 | 3,000 | 5,400 | 5,400 |
| Blue Global Investment Account | 100,000 | 15,000 | 10,000 | 15,000 | 30,000 | 30,000 |
6. No commission will be clawed backed and no surrender charge will be applied to client account.
7. Fill in the number of units for encashment/ withdrawal. Do NOT write "sell all", " sell 100%" or "sell all units" of any specified fund since this will trigger Blue to sell all units, including the ICP units. The early surrender charge (Exist Fee) will then applied.
8. The client can "sell all "A" Units" of a specific fund for Global Savings Account .
9. The submission of document must be within 1 month from the sign date
10. Withdrawal of initial / accumulation units
Please be reminded that accumulation and initial units can be withdrawn as stated below and in the Terms & Conditions of Global Savings Account.
(d) Partial Withdrawal of Initial Units can only be made after the Initial Contribution Period and shall be subject to the Exit Fee as stated in the Schedule of Fees;
(e) Partial Withdrawal of Accumulation Units can be made at any time while the Policy is in force and no Exit Fee is payable on such Partial Withdrawal;
(f) Initial Units will be withdrawn only after all Accumulation Units have been withdrawn; and
As such, withdrawal of initial units will be processed in the same way as accumulation units in which Blue will NOT seek further confirmation from either customer or broker unless outstanding or additional information or documents are required by us. All withdrawal transaction once processed, cannot be cancelled or reversed under normal circumstances.
For example, if the client indicated in the form to withdraw ALL units of a fund, we will then proceed to withdraw ALL units including both the initial and accumulation units, and exit fee will then be imposed on the initial units.
11. Concurrent fund switching and partial withdrawal request
According to Blue's current practice, whenever partial withdrawal and switching requests are submitted on the same business day or in one application form, partial withdrawal request will be processed ahead of fund switching under normal circumstances. Blue reserve the right to amend the above practice from time to time in accordance with change of business needs or internal procedures.
Checklist
1. Request for Policy Value Withdrawal Application ([R8])
Please kindly find the pictorial guide for reference.
2. Self-Certification Form (Individual) [S7] or Self-Certification Form (Entity) [S8] or Self-Certification Form (Controlling Person) [S9]
If this form has been submitted before, no need to submit again, (Updated: 2020-01-22)
3. CS eform
4. Client's certified ID copy
Blue Customer Hotline: 35509600 / 35509828 / 35509888