Vista 1.0% to 4.5% total bonus* on new policies

Vista 1.0% to 4.5% total bonus* on new policies Promotional period from 1 June to 29 June 2012.

Important notes 1. Vista is an investment-linked assurance scheme. It is a regular and/or single premium insurance policy issued by Zurich International Life Limited (‘Zurich’). 2. Your investments are therefore subject to the credit risk of Zurich. 3. The premiums paid by you towards the insurance policy will become part of the assets of Zurich. You do not have any rights or ownership over any of those assets. Your recourse is against Zurich only. 4. Your return on investment choices linked to the scheme is calculated or determined by Zurich with reference to the performance of the underlying fund/assets, and is subject to the charges of the policy and may be lower than the return of the corresponding SFC-authorised fund. 5. Any early termination/surrender/partial surrender of the policy or reduction in premium may result in significant loss of the principal and any bonus awarded. Poor performance of underlying funds/assets may further magnify your investment losses, while all charges are still deductible. 6. Each investment choice will have very different features and risk profiles; some may be of high risk. 7. You should not purchase this policy unless you understand it and it has been explained how it is suitable for you. The final decision is yours. 8. You should not invest based on this promotional leaflet alone. This leaflet must be read in conjunction with the Vista Product key facts statement and the Principal brochure which consists of the Vista Product brochure and Your guide to investment choices, copies of which are available on request. 9. Investment involves risks, and the value of investments may go up as well as down. Investment returns are not guaranteed. Past performance is not indicative of future performance. * Please note the following terms and conditions of the offer: · It applies to new policies only and the policies must be issued on or before 31 July 2012. · It applies to regular premiums only and not on increased premiums or single premiums. · It only applies to policies with a minimum policy term of ten years. · The bonus payable is calculated as regular premiums paid during the first 12 months, multiplied by the bonus rate, multiplied by the policy term. · The bonus is paid as unit allocation in the first 12 months upon premiums due and paid. · It is available at inception of the policy only. · It is subject to bonus reclaim conditions. For details, please refer to ‘What is the offer?’ section and ‘Table 4 Example calculation of bonus reclaim’ of this leaflet. · Zurich has the right to withdraw the offer at any time. · In case of dispute, Zurich’s decision shall be final. Zurich International Life

Vista – Key product features Payment term The minimum premium payment term of Vista is 5 years. The policy cannot continue beyond a life insured’s 80th birthday, and the policy will automatically terminate when the life insured reaches his/her 80th birthday. For details, please refer to ’Termination of the policy’ section of the Vista Product brochure. Minimum investment Regular premium

Single premium

Yearly Half-yearly Quarterly HKD24,000 HKD14,400 HKD7,200 USD3,000 USD1,800 USD900 · initial single premium HKD96,000/USD12,000 · each additional single premium HKD48,000/USD6,000

Monthly HKD2,400 USD300

Policy bonus You can calculate your policy bonus by using the formula below: Policy bonus = Premiums paid during the first 12 months of regular premiums x bonus allocation percentage x remaining policy term. Note that ‘remaining policy term’ is the number of years up to the earlier of your policy maturity date or the 25th policy anniversary. Policy bonuses apply to policies with regular premiums of HKD5,600/USD750 per month or more (or currency and payment frequency equivalent). There are three bonus types, namely Bronze, Silver and Gold, with different qualifying levels of premium. The bonus is paid as additional Initial units1 of your selected investment choices. If you reduce or stop your regular premiums during the first 18 months from the effective date when you start paying your regular or increased amount of premiums, any bonus allocated to your policy will be reclaimed accordingly by cancellation of units from your investment account. The bonus reclaimed is the amount of the bonus paid and the new bonus will be reduced to represent the bonus level due on the premium level you have reduced to. For example, if a Gold bonus of HKD10,000/USD1,250 was paid and the premium was reduced to the Silver level where the bonus payable was HKD4,000/USD500, then the bonus reclaim will be HKD6,000/USD750. Units to the value of the reclaim will be cancelled at the current investment choice price as of the date of unit redemption proportionate to the value of the investment choices, and is independent of the account value. For details, please refer to ‘Reaping the rewards’ section of the Vista Product brochure. Partial surrenders and regular withdrawals For regular premium policies, partial surrenders and regular withdrawals can only be made 18 months after the policy has started, and if your policy has a surrender value. The surrender value is made up of the value your investment account less the surrender charge and the surrender value is available from your relevant financial professional on request. For a single premium policy, a surrender or regular withdrawal can be made at any time following policy inception. The maximum partial surrender is the value of your Accumulation units2 and cannot exceed the surrender value. If, following a partial surrender, the policy value falls to zero, then the policy will lapse without value. For detail, please refer to the ‘Surrender’ section of the Vista Product brochure. Death benefit An amount equal to 100% of the account value following notification of the death of the life insured or the first to die where there are two lives insured. Fees and charges The following fees and charges may be applicable, please refer to the ‘Summary of charges’ in the Vista Product brochure for details. Charges of the policy

Charges on underlying funds

Policy fee Policy management charge Expense recoupment charge Surrender charge Currency exchange rate cost Investment choice management charges Underlying fund management charges

1 Initial units are units allocated as regards all regular premiums paid within the primary or any secondary initial contribution period (ICP), together with any bonus allocation. The ICP is the first 18 months from the effective date of the policy and of any increased amount of regular premiums paid into the policy. 2 Accumulation units are units allocated as regards regular premium paid outside of an ICP and for all single premiums.

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What is the offer? · The offer is an additional bonus allocation of units on all new Vista policies in addition to any existing gold, sliver or bronze bonus. Please refer to Table 1 for details of the existing bonus, and table 2 for details of the total bonus, table 3 for an example calculation of the allocation amount, and table 4 for an example calculation of bonus that may be reclaimed. · The bonus payable is calculated as: total regular premiums paid during the first 12 months x bonus rate in percentage x policy term in years. · The bonus will be allocated as additional Initial units1 of your investment choices during the first 12 months. The bonus is paid in the first 12 months upon regular premiums due and paid. The units are allocated in such investment choices as indicated in your latest allocation instructions. The bonus is subject to all relevant charges; please refer to the ‘Summary of charges’ section of the Vista Product brochure. · Additional bonus allocation is earned over the first 18 months from the effective date when you start paying your regular premium, that is the primary 18 months Initial contribution period (ICP) 1. You must continue to pay the regular premium at the same level for at least 18 months. If the policy is surrendered, partially surrendered, paid up or premiums are decremented within the primary 18 months ICP1, the bonus allocated to the policy will be reclaimed accordingly by the cancellation of units from your investment account. The bonus reclaimed is the amount of the bonus paid and the new bonus will be reduced to represent the bonus level due on the premium level you have reduced to. Units to the value of the reclaim will be cancelled at the current investment choice price as of the date of unit redemption proportionate to the value of the investment choices, and is independent of the account value. For details, please refer to ‘Reaping the rewards’ section of the Vista Product brochure. The existing and additional bonus rates set out in the tables do not represent the rate of return or performance of your investments.

How do you qualify? · To qualify, all applications must be submitted and received by Zurich’s Hong Kong office from 1 June to 29 June 2012 inclusive. · The policies must be issued on or before 31 July 2012. Table 1 Existing bonus for gold, silver and bronze bonus types Bonus type

Gold

Silver

Bronze

Regular monthly Premium*

HKD15,000/USD2,000 or above

HKD10,000–HKD14,999/ USD1,250 –USD1,999

HKD5,600–HKD9,999 USD750–USD1,249

Existing bonus rate

2.5%

1.5%

0.5%

Existing premium allocation of units calculation with existing bonus

(2.5% x policy term in years) + 100%



Existing premium allocation of units with existing bonus for different policy terms in years for illustrative purpose

25

162.5%

137.5%

112.5%

20

150%

130%

110%

15

137.5%

122.5%

107.5%

10

125%

115%

105%

* To calculate quarterly and half-yearly qualifying levels, multiply the monthly currency figures by 3 and 6 respectively. To calculate the yearly ‘qualifying level’, multiply by 10.

1 Initial units are units allocated as regards all regular premiums paid within the primary or any secondary initial contribution period (ICP), together with any bonus allocation. The ICP is the first 18 months from the effective date of the policy and of any increased amount of regular premiums paid into the policy.

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Table 2 Total bonus for gold, silver, bronze and standard bonus types Bonus type

Gold

Silver

Bronze

Standard

Regular monthly Premium*

HKD15,000/ USD2,000 or above

HKD10,000– HKD14,999/ USD1,250– USD1,999

HKD5,600– HKD9,999 USD750– USD1,249

HKD2,400– HKD5,599 USD300– USD749

Existing bonus rate

2.5%

1.5%

0.5%

0%

Additional bonus rate

2%

3%

4%

1%

Total bonus rate

4.5%

4.5%

4.5%

1%

Total premium allocation of units calculation with existing and additional bonuses




(1% x policy term in years) + 100%

Total premium allocation of units with existing and additional bonuses for different policy term in years for illustrative purpose

25

212.5%

212.5%

212.5%

125%

20

190%

190%

190%

120%

15

167.5%

167.5%

167.5%

115%

10

145%

145%

145%

110%

* To calculate quarterly and half-yearly qualifying levels, multiply the monthly currency figures by 3 and 6 respectively. To calculate the yearly ‘qualifying level’, multiply by 10. Table 3 Example calculation of total premium allocation amount You take out a Vista policy with monthly premiums of HKD15,000/USD2,000 for a policy term of 20 years. The total premium allocated to your policy with existing and additional bonuses during the first 12 months can be calculated as follows: Policy term in years

20 years

Monthly premium

HKD15,000/USD2,000

Regular monthly premiums paid for the first 12 months

HKD15,000/USD2,000 x 12 = HKD180,000/USD24,000

Total bonus entitlement rate with existing and additional bonuses

2.5% + 2.0% = 4.5%

Total premium allocation calculation with existing and additional bonuses

(4.5% x 20 years) + 100% = 190%

Total premium allocation amount with existing and additional bonuses during the first 12 months

HKD180,000/USD24,000 x 190% = HKD342,000/USD45,600

Monthly premium allocation amount with existing and additional bonuses during the first 12 months

HKD342,000/USD45,600 ÷ 12 months = HKD28,500/USD3,800 The premium is allocated as Initial units1, while the bonuses are paid as additional Initial units1 in the first 12 months, upon the monthly regular premiums due and paid.


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Table 4 Example calculation of bonus reclaim You take out a Vista policy with monthly premiums of HKD15,000/USD2,000 for a policy term of 20 years. You have been paying the premium level of HKD15,000/USD2,000 for 14 months only, and you wish to reduce your monthly premium to HKD2,400/USD300 starting from the 15th month. As the premium level is not maintained at the level started for at least 18 months, your bonus will be reclaimed and your bonus level will be reduced to represent the bonus level due on the premium level you have reduced to. The reclaim of any unearned bonus is calculated as follows: Policy term in years

20 years

Previous monthly premium

HKD15,000/USD2,000

Previous bonus payable with existing and additional bonuses

(HKD15,000/USD2,000 x 12) x 4.5% x 20 years = HKD162,000/USD21,600

Reduction of monthly premium

Monthly premium reduced to HKD2,400/USD300 starting from the 15th month. You do not continue to pay the monthly premium at the same level for at least 18 months, so the original bonus payable HKD162,000/ USD21,600 is reduced. The revised bonus entitlement is calculated using the new lower monthly premium of HKD2,400/USD300 which is the Standard level.

Revised bonus entitlement rate with existing and additional bonuses

0% + 1% = 1% (for Standard level, the existing bonus rate is 0% and the additional bonus rate is 1%)

Revised bonus payable with existing and additional bonuses

(HKD2,400/USD300 x 12) x 1% x 20 years = HKD5,760/USD720

Reclaim calculation in terms of amount

= a – b, where: a = amount of bonus paid at previous premium level but not earned b = amount of bonus to be paid at the new premium level Bonus to be reclaimed is HKD162,000/USD21,600 – HKD5,760/USD720 = HKD156,240/USD20,880 The bonus allocated to your policy will be reclaimed accordingly by the cancellation of units from your investment account. The bonus reclaimed is the amount of the bonus paid and the new bonus will be reduced to represent the bonus level due on the premium level you have reduced to.

Reclaim calculation in terms of a percentage of the Initial units1

The bonus reclaim in terms of a percentage of the Initial units1 can be calculated as follows: The bonus amount to be reclaimed after reduction of premium ÷ the total previous bonus payable x 100% Thus, the bonus reclaimed is: HKD156,240/USD20,880 ÷ HKD162,000/USD21,600 x 100% which equates to 97% of the Initial units1. The above units to the value of the reclaim will be cancelled at the current investment choice price as of the date of unit redemption proportionate to the value of the investment choices, and is independent of the account value. For details, please refer to ‘Reaping the rewards’ section of the Vista Product brochure.


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Other terms and conditions · The offer is not available in conjunction with any other offers from Zurich, other than the waiver of credit card charges. Please refer to separate flyer for full details. · If an application is received before the promotion is available and is cancelled, or if an existing issued policy is cancelled from inception, then any subsequent (replacement) applications received during the offer period will not qualify for these terms.

Important information Zurich International Life is a business name of Zurich International Life Limited. Zurich International Life is only able to give information on the products of Zurich International Life Limited. Zurich International Life Limited is fully authorised under the Isle of Man Insurance Act 2008 and is regulated by the Isle of Man Government Insurance and Pensions Authority which ensures that the company has sound and professional management and provision has been made to protect policy owners. For life assurance companies authorised in the Isle of Man, the Isle of Man’s Life Assurance (Compensation of Policyholders) Regulations 1991, ensure that in the event of a life assurance company being unable to meet its liabilities to its policy owners, up to 90% of the liability to the protected policy owner will be met. The protection only applies to the solvency of Zurich International Life Limited and does not extend to protecting the value of the assets held within any unit-linked funds linked to your policy. Not for sale to residents or nationals of the United States including any United States federally controlled territory. Calls may be recorded or monitored in order to offer additional security, resolve complaints and for training and quality purposes.

Zurich International Life Limited provides life assurance, investment and protection products and is authorised by the Isle of Man Government Insurance and Pensions Authority.

MSP12147 (06/12)

Registered in the Isle of Man number 20126C. Registered office: 43-51 Athol Street, Douglas, Isle of Man, IM99 1EF, British Isles. Telephone +44 1624 662266 Telefax +44 1624 662038 Hong Kong office: 24/F One Island East, 18 Westlands Road, Island East, Hong Kong. Telephone +852 3405 7150 Telefax +852 3405 7268 www.zurichinternational.com