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Sun Life unveils suite of enhanced savings insurance plans
SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II and Stellar Multi-Currency Insurance Plan II offer market-leading flexible Death Benefit Settlement Solution, multiple Contingent Policy Owner Arrangement and Interim Policy Owner Arrangement
HONG KONG SAR – Media OutReach Newswire – 3 July 2025 – Sun Life today announced the launch of an upgraded suite of savings insurance products. The upgraded products – SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II – are among Sun Life’s most popular offerings. Key enhancements include the introduction of a market-leading1 mix of multiple Death Benefit Settlement Options, multiple Contingent Policy Owner2 and Interim Policy Owner Arrangement2. These upgrades are designed to help Clients capture wealth growth while seamlessly planning their wealth legacy.
Christine Yeung, General Manager, Life and Health of Sun Life Hong Kong Limited, said: “At Sun Life, we’re committed to putting our Clients at the centre of everything we do. We understand their evolving needs in wealth accumulation and legacy planning for both the present and the future. The innovative and flexible design of the SunJoy Global and SunGift Global series, along with the Stellar Multi-Currency Insurance Plan, plays a pivotal role in helping Clients shape their wealth legacy and meet increasingly diverse needs. These three upgraded savings insurance plans are equipped with brand-new wealth legacy features, empowering Clients to achieve their financial goals while offering unparalleled flexibility in passing on their wealth to future generations. Moving forward, we will continue to drive product innovation, offering pioneering protection and wealth planning solutions to help the public achieve lifetime financial security.”
The three upgraded savings plans are participating insurance plans. The two major enhancements include:
Market-leading flexible Death Benefit Settlement Option
- Policy owners can mix and match multiple death benefit payout patterns with a Flexible Option, moving beyond package-based death benefit payment options.
- Policy owners can design their own payout patterns for each beneficiary or choose a designated lump-sum payout upon designated life events of the beneficiary – such as graduating from university, getting married or having a child.
- If the Designated Insured passes away, the Continuation Option3,4 allows the Original Policy to immediately terminate and a New Policy to be formed, with a beneficiary becoming both the New Insured and the new policy owner5 (if applicable).
Market-rare multiple Contingent Policy Owner Arrangement and Interim Policy Owner Arrangement
- Policy owners can designate up to three Contingent Policy Owners and designate up to three Interim Policy Owners for one of the Contingent Policy Owners6 in sequence, ensuring the policy’s value and wealth is seamlessly passing on to future generations.
- Interim Policy Owners will hold the policy on behalf of the Contingent Policy Owner until he/she attains the designated age or until the specified date is reached. They will have Restricted Administrative Rights to manage the policy, ensuring the wealth is transferred according to the policy owner’s plan.
The product upgrades enable Clients to tailor their wealth management and legacy plans according to their needs. The plans offer a variety of protections targeting different life stages, helping Clients cope with unexpected challenges, including:
| Upgraded Product Features |
| Early Value Lock-in Option7: Starting from the 5th policy anniversary, the policy owner can apply to transfer 10%-50% of the policy’s value to the Value Lock-in Account each policy year. |
| Whole life protection: The benefit term is extended to the whole life of the current insured (for single life) or the younger insured (for joint life). |
| Enhanced Guaranteed Death Benefit: 105%*/105%-120%** of total premium paid.
[*Only applicable to SunJoy Global Insurance Plan II and SunGift Global Insurance Plan II] [**Only applicable to Stellar Multi-Currency Insurance Plan II] |
| Extended Incapacity Benefit coverage8: In addition to being diagnosed as mentally incapacitated, policy owners diagnosed with coma9, major head trauma10 or paralysis11 can have a family member appointed as the Incapacity Benefit Recipient to file a claim. |
| Extended Waiver of Premium Benefit:
If the insured, who is also the policy owner, is diagnosed as suffering from Total Permanent Disability due to Injury or Sickness before age 70, Client can enjoy Waiver of Premium Benefit12. If the policy owner, who is not the insured, passes away or is diagnosed as suffering from Total Permanent Disability before age 70 due to Injury or Sickness, Client can enjoy Payor Benefit12. |
| Academic Achievement Awards: An award is paid based on the insured’s academic achievement in the Hong Kong Diploma of Secondary Education Examination, TOEFL, IELTS, International Baccalaureate Diploma Program, Mainland Gaokao, SAT, or upon receiving an unconditional offer of admission to a full-time undergraduate program of the world’s top 10 universities.
[Only applicable to Stellar Multi-Currency Insurance Plan II] |
| Flexible choice of withdrawal currency: SunWallet supports currency exchange in up to 17 currencies, enabling easier 24/7 policy management |
From now until July 31, 2025, Clients successfully apply upgraded series of savings insurance products can enjoy the following offers:
- SunJoy Global Insurance Plan II/SunGift Global Insurance Plan II (5-pay) – Up to 74% of the annualized first year premium#;
- SunJoy Global Insurance Plan II/SunGift Global Insurance Plan II (2-pay) – Up to 10% of the annualized first year premium#;
- Stellar Multi-Currency Insurance Plan II – Up to 93% of the annualized first year premium^.
Remarks
1 “Market-leading” refers to the services provided by Sun Life, the data of savings plans of new policies offered by composite and long-term insurers on the Register of Authorised Insurers of the Insurance Authority, and market conditions as of July 1, 2025.
2 This is an administrative arrangement and is not part of the product features. Please see the relevant leaflet and prescribed form for more details on the policy owner rights and the restrictions applicable to the designation of Contingent Policy Owner and the designation of Interim Policy Owner for the Contingent Policy Owner.
3 If this option is selected, the beneficiary must be a living individual.
4 Requests are subject to our approval. The New Policy will take effect from the Continuation Option Effective Date.
a. The Policy Date and the policies years of the New Policy will be the same as the Original Policy.
b. The Notional Amount, total premiums due and paid, outstanding amount of any loans and interest, and the policy values of the Original Policy, including Guaranteed Cash Value, accumulated Reversionary Bonus (if any), Terminal Bonus (if any) and the amount in the Value Lock-in Account (if any) will be allocated to the New Policy according to the designated percentage to the corresponding beneficiary according to the policy owner’s instructions.
c. There is no cooling-off period for the New Policy, and
d. For the purpose of counting the applicable period under the Incontestability provision, the relevant period will commence from the Continuation Option Effective Date for the New Insured.
5 The beneficiary will become both the New Insured and the new policy owner if (i) the designated insured who is also the policy owner has died; or (ii) the designated insured is not the policy owner, and the policy owner and the designated insured die at the same time; or (iii) the policy owner dies within 14 days after the death of the designated insured.
6 He/she must be the Designated Insured.
7 The Notional Amount after the Value Lock-in Option is exercised cannot be less than the minimum amount requirement.
8 The irrevocable beneficiary(ies) (if any) and the assignee (if any) must agree in writing to the requested designation of (a) the Incapacity Benefit Recipient; and (b) the Incapacity Benefit Percentage. Any existing Incapacity Benefit Recipient will be automatically revoked when (a) the policy owner designate a new Incapacity Benefit Recipient and the policy owner’s request is approved by us; (b) the policy owner is changed; (c) Sun Life HK has been notified that there is a guardian or committee appointed under the Mental Health Ordinance (Cap. 136 Laws of Hong Kong SAR) (or if there is a guardian or committee appointed under similar laws in another jurisdiction); or (d) Sun Life HK has been notified that the policy owner has an enduring power of attorney covering the policy. In the event that there is a dispute between the Incapacity Benefit Recipient and any other person, including but not limited to the insured’s guardian, committee, attorney, beneficiary(ies), assignee or in our reasonable belief that there is such a dispute, Sun Life HK reserves the right to withhold the payment of the Incapacity Benefit until such dispute is resolved.
9 Coma means a state of unconsciousness with no reaction to external stimuli or internal needs persisting continuously with the use of life support systems for a period of at least 1 week and resulting in a neurological deficit, which in our medical officer’s opinion is of a permanent nature.
10 Major Head Trauma means major trauma to the head with disturbance of the brain function confirmed by definite diagnosis by a consultant neurologist acceptable to us. The disturbance must result in a permanent bedridden situation or the inability to perform without assistance 3 or more Activities of Daily Living.
11 Paralysis means permanent loss of muscular power of both arms or both legs due to the disorder of the brain and nervous system and confirmed by a Specialist in the relevant medical field.
12 This benefit is subject to maximum amount, terms and conditions, pre-existing conditions and exclusions listed in the policy document.
# It includes basic rebate and green offer (guaranteed prepayment interest rate applies and only applicable to policies in United States Dollars). Terms and conditions apply. Please refer to the promotional leaflet for details.
^ It includes basic rebate, Enhanced Rebate and green offer (guaranteed prepayment interest rate applies and only applicable to policies in United States Dollars). Terms and conditions apply. Please refer to the promotional leaflet for details.
Hashtag: #SunLife永明 #永明金融 #SunLife #儲蓄保險 #分紅保險 #財富傳承 #萬年青 #星河尊享 #星河傳承 #永越 #身故保障 #後補保單主權人 #保單暫托人 #savingsinsurance #participatinginsurance #wealthlegacy #SunJoy #SunGift #Stellar #deathbenefit #policyowner #contingentpolicyowner #interimpolicyowner
The issuer is solely responsible for the content of this announcement.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.
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Vinova Recognised by The Straits Times as a Top 100 Fastest-Growing Company for the Third Consecutive Year
This recognition marks the third consecutive year Vinova has been named among Singapore’s fastest-growing companies, following its previous rankings in 2024 and 2025
A Track Record of Consistent Growth
Over the past 15 years, Vinova has earned a strong reputation for digital craftsmanship, delivering high-end mobile and web solutions alongside enterprise-level applications. This sustained growth has been driven by a clear strategic focus, disciplined execution, and a strong commitment to quality.
Our unwavering focus on quality and innovation enables us to serve over 300 clients worldwide. From fast-scaling startups to established Fortune 500 corporations, each benefiting from our dedication to delivering cutting-edge solutions with Singapore-standard excellence.
As we scale, Vinova remains committed to integrating ESG principles into our core operations, striving toward a Net Zero carbon footprint to ensure our innovation contributes to a sustainable future.
“We are honored to be recognized among Singapore’s fastest-growing companies once again in 2026,” said Mike Nguyen, CEO of Vinova. “This achievement belongs to our dedicated team, whose commitment and professionalism continue to drive our growth. We remain focused on delivering Singapore-standard excellence to our clients and partners worldwide.”
Strategic Expansion and Global Presence
In 2024, from our headquarter in Singapore, we took a significant step forward by successfully establishing operations in Thailand, strengthening our presence across the APAC region. At the same time, we are actively expanding our global reach through high-impact strategic partnerships.
These alliances seamlessly combine our signature artisan design standards with large-scale engineering capabilities, while ensuring Vinova continues to lead and innovate at the forefront of the international IT industry.
Hashtag: #Vinova, #Business, #Technology
https://vinova.sg/
https://vn.linkedin.com/company/vinova-sg?trk=ppro_cprof
https://www.facebook.com/vinova.sg
The issuer is solely responsible for the content of this announcement.
VINOVA Pte Ltd.
Vinova is a leading digital transformation agency and technology solutions provider based in Singapore. With a focus on crafting beautiful, functional, and impactful digital products, Vinova offers services in UX/UI design, web and mobile application development, and enterprise system integration. Known for its agile methodology and client-centric approach, Vinova helps businesses innovate and excel in the digital age.
At the press conference, it was announced that the Games would feature 14 sports, 15 disciplines, and 63 events, including established Olympic and Asian Games programs like swimming and sailing, as well as emerging sports such as teqball and beach kabaddi.
Eight competition venues (clusters) have been planned to support the event. Five are located along the Sanya Bay — renowned for its “Coconut Dream Promenade,” one is situated alongside the Sanya River, and two are within the Sanya Sports Center. This layout integrates the coastal beauty with the urban landscape. Construction is well underway as scheduled, and all venues are ready to welcome elite athletes from across the Asian continent.
To ensure service support for the Games, the organizing committee has designated 24 official reception hotels, capable of accommodating over 4,000 athletes and team officials. The catering services feature “dining islands” that offer Chinese cuisine, Western-style meals, and authentic Hainan specialties to satisfy the varied culinary preferences of all participating nations and regions.
According to the press conference, the opening and closing ceremonies will be held at Yasha Park within the Tianya Haijiao Scenic Area. By making the sky a backdrop, the sea a setting, and the beach a stage, both ceremonies will blend the beach sports with Hainan’s unique cultural elements. The performances will incorporate the natural beauty of Tianya Haijiao and the captivating local legend of “Luhuitou,” demonstrating the exchange and mutual learning of Asian civilizations in a multidimensional way.
Notably, the medal design for the Sanya Asian Beach Games was officially unveiled on the day. Titled “Tianya Moment,” the medal design draws inspiration from the classic Song Dynasty verse: “As the bright moon rises over the sea, we share this moment from the ends of the earth.” This poetic symbolism extends Sanya’s warm welcome to friends from across Asia. It is reported that a total of 189 medals (63 gold, 6 silver, and 63 bronze) will be awarded during the Games.
In order to foster the deep integration of culture, sports, and tourism, the organizing committee plans to host interactive experiences to promote Hainan’s intangible cultural heritage, Li and Miao ethnic folk performances, and beach concerts in key places such as the Athletes’ Village and the Yasha Park inside the Tianya Haijiao Scenic Area during the event, immersing global visitors in Hainan’s one-of-a-kind cultural charm.
Hainan is fully prepared to embrace the Games as a valuable link to connect the island’s unique tourism offerings. The premium “Competition & Leisure” round-the-island itineraries will invite athletes and visitors to discover Hainan through the Games, allowing them to be immersed in the island’s stunning natural beauty, the wonders of its tropical rainforests, the rich charm of Li and Miao ethnic cultures, and the excitement of duty-free shopping.
The issuer is solely responsible for the content of this announcement.
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Hainan FTP’s first month of island-wide special customs operations boosts economic vitality, sets global benchmark
Hainan Heren Pearl Co., Ltd., which mainly imports pearls from overseas, has emerged as a direct beneficiary of Hainan FTP policies.
Under the value-added processing policy, the company can sell its high-value products to the mainland duty-free, cutting its overall tax burden from about 52 percent to roughly 26 percent and redirecting the savings into research and development, said Zhang Shizhong, the company’s chairman.
“The FTP holds great promise, with more policy dividends set to be released in the future,” Zhang said.
One notable special customs policy is offering “freer access at the first line,” referring to freer trade between Hainan and areas outside China’s customs borders, and “regulated access at the second line,” which involves applying standard customs controls for goods moving from Hainan to the mainland.
According to Haikou Customs, from Dec. 18, 2025 to the early hours of Jan. 18, 2026, the value of “first line” imported zero-tariff goods was 753 million yuan (about 107 million U.S. dollars); the value of processed and value-added goods sold domestically through the “second line” was about 85.9 million yuan.
In Wanning City, production lines at Chia Tai (Hainan) Xinglong Coffee Industry Development Co., Ltd. are running at full capacity. The company imports green coffee beans from Colombia and processes them in Hainan before shipping the finished products to the mainland, enjoying an 8 percent tariff reduction under the FTP policies.
“After the launch of island-wide special customs operations, Hainan will gradually become a value-added processing center and trade hub with global resource allocation capabilities,” said Ye Jian, the company’s general manager. “Enterprises will not only pass through Hainan, but also be able to put down roots here and create higher value.”
Drawn by the policy incentives, a growing number of companies are choosing to do business in Hainan. The General Administration of Customs said a total of 5,132 new foreign trade enterprises completed registration in Hainan over the past month, an increase in a month roughly equivalent to the total registrations in an entire quarter of 2024.
The total number of registered foreign trade market entities in Hainan has surpassed 100,000, according to official data.
As the policy came into force, major ports across Hainan saw a surge in activity.
Days after Hainan began island-wide special customs operations, a flight from Prague carrying 115 European passengers touched down in the tourist city of Sanya, marking a breakthrough in the high-level opening up of the aviation sector at the Hainan FTP.
The arrival marked the launch of China’s first official passenger route operated under the Seventh Freedom of the Air, which allows foreign carriers to operate flights between two foreign countries without having to land in their home country.
The route is operated by Kazakhstan’s Scat Airlines, with one round-trip scheduled each week.
At Yangpu Port, the largest cargo port in the Hainan FTP, mega-ships berthing in quick succession, gantry cranes operating around the clock, and container trucks moving in tightly coordinated flows have become a routine sight.
“Yangpu will shoulder the role of the main logistics gateway of the Hainan FTP,” said Yang Xiaobin, deputy head of the Transportation, Port and Waterway Bureau of Yangpu Economic Development Zone. “The port aims to build a smart and green international shipping hub and logistics center.”
Container throughput at Yangpu reached 3.31 million twenty-foot equivalent units (TEUs) in 2025, up more than 65 percent from a year earlier.
“It is particularly noteworthy that the Hainan FTP launched island-wide special customs operations at a time of intensifying deglobalization and rising global uncertainty,” said Cui Weijie, deputy director of the Chinese Academy of International Trade and Economic Cooperation, a think tank with the Ministry of Commerce.
“It not only demonstrates China’s unwavering commitment to high-standard opening up, but also injects greater certainty and positive momentum into the global economy and international trade cooperation,” Cui said.
Hashtag: #HainanFreeTradePort #HainanFTP #CustomsReform #FreeTradePort #DutyFreeTrade
The issuer is solely responsible for the content of this announcement.
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