Friends Provident Launches Term Assurance Plan For Hong Kong Residents

by Carla Johnson, Investors Offshore.com

08 August 2006

Friends Provident International is expanding its presence in Asia by launching a term assurance plan for Hong Kong.

The new plan, International Protector, provides protection to residents of Hong Kong, with a choice of currencies including Hong Kong dollars. It is also available in selected territories.

Through International Protector, Friends Provident International offers:

• Cover to both local residents and expatriates;
• A wide range of currencies - HKD, GBP, USD, or EUR;
• Terminal Illness Benefit;
• A high level of cover for a guaranteed premium;
• Competitive premiums starting from HK$150/GBP10/US$17.50/EUR15/a month;
• Single and joint life plans;
• A choice of whole year terms ranging from 5 years to 35 years; and
• On-line policy tracking and servicing.

International Protector can cover a wide range of protection needs, from family, mortgage, school fees, inheritance plans or business protection, including key man cover.

Paul Tunnicliffe, director of Friends Provident International, explained that:

"We have designed International Protector with IFAs and their clients in mind. It offers valuable and cost effective protection with competitive and guaranteed premiums."

"Our term assurance offering reinforces Friends Provident International's commitment in producing a broad range of products in Hong Kong and the wider Asia region."

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