Life is a long journey, where each day brings new surprises and opportunities. We work hard not only to enjoy the present, but also to protect our loved ones from the uncertainties of tomorrow.
True peace of mind comes only when you live healthily, love deeply, and always have a strong layer of protection standing behind you.
The Yearly Renewal Term Life is designed to deliver maximum peace of mind: flexible, easy to maintain, and cost‑optimized — helping protect you and your beloved family through every stage of life.
Key Highlights
- 100% Face Amount paid in case of death
- Extended protection age: up to 99 years old
- Simple product design with affordable premium
Important Notes for Customers
I. INSURANCE BENEFITS
100% of the Face Amount upon the death of the Life Assured.
If the Life Assured dies before reaching 4 years old, Chubb Life will pay the insurance benefit based on the Face Amount adjusted according to the following scale:
Age of the Life Assured at time of death |
Adjustment Rate (% of Face Amount) |
Under 1 year old |
20% |
From 1 year to under 2 years old |
40% |
From 2 years to under 3 years old |
60% |
From 3 years to under 4 years old |
80% |
II. GENERAL INFORMATION
1. Entry Age and Maximum Age at Maturity
Product Underwriting Method |
Entry Age |
Maximum Age at Product Maturity |
Full Underwriting |
From 1 month old to 65 years old |
99 years old |
Simplified Underwriting |
From 18 to 55 years old
|
65 years old
|
Guaranteed Issue Option |
2. Policy Term:1 year from the Effective Date, renewable annually.
3. Premium Term: Equal to the Policy Term.
4. Premium Payment mode: shall follow the payment mode of the Policy.
5. Disclosure Obligation: The Policy Owner is obliged to provide and declare fully and accurately all necessary information for Chubb Life to assess and consider acceptance of insurance as the basis for participate in the Policy. Inaccurate or incomplete information may result in insurance benefits not being paid and the Policy being canceled.
6. Downloading the Insurance Policy: Please visit www.baohiemchubblife.vn to: (i) review the Policy information, and (ii) confirm receipt of the ePolicy.
III. INSURANCE EXCLUSIONS
Chubb Life will not pay insurance benefits if an insured event occurs under any of the following circumstances or due to any of these causes:
a) Suicide within 24 months from the date the first premium of this product is paid or from the latest Reinstatement Date (whichever is later). For any increased Face Amount (if applicable), the suicide exclusion applies for 24 months from the effective date of the increase.
b) HIV infection, AIDS, or conditions related to HIV/AIDS, except for HIV infection acquired while performing duties as a healthcare worker or a police officer.
c) Illegal use of drugs or other addictive substances.
d) Execution of the Life Assured under a death penalty.
e) Intentional acts of the Life Assured, the Policy Owner, or the Beneficiary.
f) Additional exclusions notified by Chubb Life to the Policy Owner if the Life Assured is approved with special conditions.
References
- Detailed Terms & Conditions – Yearly Renewal Term Life (Part of Chubb – Tự Do An Lành policy)
- Terms & Conditions – Yearly Renewal Term Life Insurance (Partner Distribution Channel)
- Premium Table
Contact us: Visit www.baohiemchubblife.vn or call hotline: (028) 3827 8123 for more details.