international wealth account product key facts statement...

Zurich International Life

International Wealth AccountProduct key facts statement

Product brochure

Global choice personal preferences

2

Product key factsInternational Wealth Account – investment linked assurance scheme

05/2014

This statement provides you with key information about theInternational Wealth Account (IWA).

This statement is part of the offering document.You should not invest in this product based on this statement alone.

Zurich International Life

Important• This investment-linked assurance scheme (“ILAS policy”) is a long-term investment-cum-life insurance

product. It is only suitable for investors who:

– understand that the principal will be at risk;

– have both investment and estate planning objectives as it is a packaged product that includes both investment and insurance elements with death benefits payable to third party beneficiaries.

• This ILAS policy is not suitable for investors with short- or medium- term liquidity needs.

Quick factsName of insurance company: Zurich International Life Limited (“Zurich International Life”)

Single or regular contribution: Single and additional single contribution

Regular contribution frequency: Not applicable

Minimum contribution payment term: Not applicable

Plan currency: HKD, USD, GBP, EUR, SGD, JPY, CHF, AUD

Minimum investment: Initial contribution HKD250,000/USD30,000

Each additional single contirbution HKD60,000/USD7,500

Maximum investment: Not applicable

Death benefit: 101% of the plan surrender value

Period with surrender charge: No charge on partial surrenders. A charge of up to 8.25% of each contribution paid is applied in the following instances:

•full surrender in the first five years of the plan

•full surrender during the five years after making any additional contribution

•if, following a partial surrender, the plan value is less than HKD120,000/USD15,000 or twice the outstanding surrender charge.

Governing law of policy: Isle of Man

3

International Wealth Account – investment linked assurance scheme

Important (Cont.)• Fees and charges –

Up to 21.4% of your contributions will be paid to Zurich International Life to cover all the fees and charges at the ILAS policy level, of which 0% is the cost of life protection, and this will reduce the amount available for investment.

Please note that the above figures are calculated based on the following assumptions:

(a) the payment of a single contribution of HKD1,000,000;

(b) you hold your ILAS policy for 20 years;

(c) an assumed rate of return of 3% per annum throughout 20 years; and

(d) there is no early withdrawal/termination of the ILAS policy.

You must understand that these ILAS level charges are on top of, and in addition to, the underlying fund level charges. The above figures do not take into account any surrender charge.

The above percentage of your contributions for covering the total fees and charges are calculated based on the assumptions above for illustration purposes. The actual percentage may change depending on the individual circumstances of each case, and will be significantly higher if the contribution amount is lower.

• Long-termfeatures–

Early surrender/withdrawal charge:

(a) There will be a surrender charge of up to 8.25% of each contribution paid, in case of full surrender in the first five years of the plan or full surrender during the five years after making any additional contribution (the surrender charge will apply to each contribution made during the previous five years), or, if you make a partial surrender during the five years following a contribution and the remaining plan value is either less than HKD120,000/USD15,000 or twice the outstanding surrender charge (whichever is greater).

• Insurance consultant's /Financial professional's remuneration

Although you may pay nothing directly to the insurance consultant/financial professional who sells/distributes this ILAS policy to you, the insurance consultant/financial professional will receive remuneration which, in effect, will be borne out of the charges you pay. You should ask your insurance consultant/financial professional before taking up your ILAS policy to know more about the level or amount of the remuneration that the insurance consultant/financial professional will receive in respect of your ILAS policy. If you ask, your insurance consultant/financial professional should disclose the requested information to you.

4


What is the IWA and how does it work?• TheIWAisaninvestmentlinkedassurancescheme(ILAS).ItisalifeinsurancepolicyissuedbyZurich

International Life Limited (‘Zurich International Life’). It is not a fund authorised by the SFC pursuant to the Code on Unit Trusts and Mutual Funds (‘UT code’).

• Thecontributionsyoupay,subjecttothedeductionofanyapplicablefeesandchargesofyourIWAplan, will be invested by Zurich International Life in the underlying funds you select and will go towards accretion of the value of your IWA plan. The value of your IWA plan will be calculated by Zurich International Life based on the performance of your selected underlying funds from time to time and the ongoing fees and charges which will continue to be deducted from your IWA plan value.

• PleasenotethatthecontributionsyoupaytowardsyourIWAplan,andanyinvestmentsmadebyZurich International Life in the underlying funds you select, will become and remain the assets of Zurich International Life. You do not have any rights or ownership over any of these assets. Your recourse is against Zurich International Life only.

• DuetothevariousfeesandchargesleviedbyZurichInternationalLifeonyourIWAplan,thereturnonyour plan as a whole may be lower than the return on the underlying funds you select. Please refer to pages12 – 14 of the product brochure for details of the fees and charges payable by you.

• The underlying funds available for selection are the funds listed in the ‘Investment details brochure’. These include funds authorised by the SFC pursuant to the UT code.

• Although your IWA plan is a life insurance plan, because the death benefit is linked to the performance of the underlying funds you select, your death benefit is subject to investment risks and market fluctuations. The death benefit payable may be may be significantly less than your contributions paid and may not be sufficient for your individual needs.

What are the key risks?Investment involves risk. Please refer to the principal brochure for more details including risk factors.

• Credit and insolvency risks – IWA is an insurance plan issued by Zurich International Life Limited. Your investments are subject to the credit risks of Zurich International Life.

• Theinvestmentchoicesavailableunderthisplanhavedifferentfeaturesandriskprofiles.Somemaybehigh risk. Please read the principal brochure and the offering documents of the underlying funds involved for details.

• Early surrender charge – IWA is designed to be held for the long-term. Early surrender may result in significant loss of principal. Poor performance of the underlying funds may further magnify your investment losses, while all charges are still deductible.

• Market risks – The investment returns of your IWA plan are dependent on the performance of the underlying funds and there is a risk of loss of capital.

• ThelifecoverageofthisILASpolicymaybeequaltoorlessthanyourILASpolicyvalueduetosurrender charge. This means that the beneficiary(ies) may not receive any additional payment from Zurich International Life on top of the prevailing value of your ILAS policy upon the death of the life insured.

• Currency exchange risks – The investment returns of your IWA may be subject to currency exchange rate risks, as some of the underlying funds may be denominated in a currency which is different to your plan currency.

Is there any guarantee?• TheIWAproductdoesnotofferaguaranteeoftherepaymentofprincipal.Youmaynotgetbackthe

full amount of the contribution you pay and may suffer investment losses.

5


What are the fees and charges?ZurichInternationalLifereservestherighttovarytheplanchargesorapplynewchargeswithnot less than three month’s prior written notice, or such shorter period of notice in compliance with the relevant regulatory requirements.

Scheme level

Applicable charge How is it charged or deducted?

Establishment charge

2% per year of each contribution paid in years one and two, 1% per year of each contribution paid in years three to five.

Deducted on a pro-rata basis by cancellation of units proportionate to the value of the investment choices at the start of each month.

Yearly management charge

0.2% to 0.5% of the plan value, depending on the total contributions paid.


Yearly plan charge A fixed charge of HKD1,200/USD150.


Surrender charge 8.25% reducing to 0% of each contribution paid, depending on when the surrender is made.

Deducted from the amount paid upon surrender as at the date the surrender request is processed.

Details of surrender charge

A surrender charge will apply to each contribution paid in the following instances:

• full surrender in the first five years of the plan

• full surrender during the five years after making any additional contribution. The surrender charge will apply to each contribution made during the previous five years

• if you make a partial surrender during the five years following a contribution and the remaining plan value is either less than HKD120,000/USD15,000 or twice the outstanding surrender charge (whichever is greater).

The surrender charges decrease on a monthly pro-rata basis according to the following scale:

Start of year one 8.25%

Start of year two 6.00%

Start of year three 4.00%

Start of year four 2.00%

Start of year five 1.00%

Please refer to page 13 of the product brochure for the full details of surrender charges.

6


What are the fees and charges? (Cont.)

Scheme level

Applicable charge How is it charged or deducted?

Switching and redirection of contributions

Currently no charge on the first 25 switches each plan year, although switching to an investment choice which differs from your investment currency will involve a currency exchange rate cost. The cost is 0.175% of the net amount moved between each pair of different currencies during the overall switch transactions.

Deducted from the plan value by cancellation of units of the investment choice immediately after the switch has been processed.

Please refer to pages 12 – 14 of the product brochure for details of the charges.

Underlying fund level

You should note that the underlying funds of the investment choices have separate charges to cover management and performance fees, bid-offer spread and/or any switching fee. You do not pay these fees directly – either (1) the fees will be deducted and such reduction will be reflected in the unit price of the underlying funds or (2) units will be redeemed from your investment choices to pay these fees.

For details, please refer to the offering documents of the underlying funds and/or the principal brochure of IWA which are available from Zurich International Life upon request.

Additional information• Youcanpayadditionalsinglecontributionsatanytime,subjecttotheminimuminvestmentfor

additional single contributions at the time. Please refer to page 9 of the product brochure for the full details of the minimum investment.

• YoucaninsureuptofivelivesonyourIWA.

What if you change your mind?Cooling-offperiod

• The cooling-off period is a period during which life insurance planholders may cancel their plans and get back their original investments (subject to market value adjustment) within the earlier of 21 days after the delivery of the plan or issue of a notice to you or your representative. Such notice should inform you of the availability of the plan and expiry date of the cooling-off period. Please refer to the cooling-off initiative issued by the Hong Kong Federation of Insurers from time to time for reference.

• You have to tell your insurer by giving a written notice. Such notice must be signed by you and received directly by Zurich International Life at 25-26/F, One Island East, 18 Westlands Road, Island East, Hong Kong.

• You may get back the amount you paid, or less if the value of the investment options chosen has gone down.

7


How to contact usIf you need to contact us you can phone us, send a fax, email us or write to us:

Write to:

Zurich International Life LimitedCustomer Care Team 25-26/F, One Island East 18 Westlands Road Island East Hong Kong

Phone: +852 3405 7150Fax: +852 3405 7268Email: [email protected]

ImportantZurich International Life Limited is subject to the prudential regulation of the Insurance Authority. However the Insurance Authority does not give approval to individual insurance products, including the IWA plan referred to in this statement.

If you are in any doubt, you should seek professional advice.

The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.

8

The International Wealth Account is a long-term, single contribution, unit linked plan. It is a whole of life plan, with between one and five lives insured and the plan pays out when we receive a request to make a full surrender or the last surviving life insured dies.

We have selected the investment choices to include a comprehensive range of investment styles, asset types and risk levels from some of the world’s most highly regarded underlying fund management companies. The range also includes some of the lesser known investment choices popular with investment professionals.

To start your plan, the minimum single contribution is HKD250,000/USD30,000. You can top up your investment by additional contributions of HKD60,000/USD7,500 or more.

The International Wealth Account is an investment linked assurance scheme. It is a single contribution insurance policy issued by ZurichInternationalLife.

Your investments are therefore subject to the creditriskofZurichInternationalLife.

The International Wealth Account is under ClassClinkedlong-termbusinessasdefinedinthe Insurance Companies Ordinance.

This brochure should be read in conjunction with the ‘Investment details brochure’ and ‘International Wealth Account – Product key facts statement’.

Introduction

The key elements of the International Wealth Account are flexibility and choice. It acts as a ‘wrapper’ within which you can construct your own investment portfolio from an extensive and comprehensive range of investment choices.

9

Introduction How does International Wealth Account work?

TermThe International Wealth Account is a whole of life plan.

OwnershipThe International Wealth Account can be issued in just your name or in joint names if you would like to invest with someone else. The International Wealth Account can also be owned by trustees or a company. The minimum age for a planholder is 18 years, with no maximum age.

If you place the plan in trust and appoint Zurich Trust Limited as trustee, a charge will apply.

Please call our Customer Care Team on +852 3405 7150 or contact your relevant financial professional for details.

LifecoverThe International Wealth Account can be held as a single life, joint life second death, multiple life last death or life of or lives of another plan. You can specify that the planholders are to be lives insured (‘own life’) or you can request to have different lives insured to the planholders (‘life or lives of another’).

You can insure the life of anyone aged two or over, with no maximum age.

ContributionsZurich International Life will invest the net contribution received from you into the underlying fund(s) corresponding to the investment choice(s) as selected by you for its asset liability management.

The contributions paid by you towards the insurance plan will become part of the assets of ZurichInternationalLife.Youdonothaveanyrights or ownership over any of those assets. Your recourse is against Zurich International Life only.

The minimum contributions are:

•initialsinglecontributionHKD250,000/USD30,000

•additionalsinglecontributionHKD60,000/USD7,500

Additional contributionsAdditional contributions can be made at any time.

Currency choicesYou can make your payments in a choice of currencies including Hong Kong dollars, US dollars, pounds sterling, euros, Singapore dollars, Japanese yen, Swiss francs and Australian dollars.

The plan currency chosen would normally apply for the life of the plan and determines the currency of charges and valuations.

Making your paymentsWe accept contributions by either:

• cheque, or

• telegraphic transfer.

Charges• Foreachcontributionmade,anestablishmentcharge of up to 7% applies. It is deducted over the first five years from the date each contribution is paid.

• Ayearlymanagementchargeofupto0.5%appliesfor the whole life of the plan to cover the ongoing management costs.

• AyearlyplanchargeofHKD1,200/USD150appliesfor the life of your plan.

Please refer to the ‘Summary of charges’ section for details on the plan and investment choices charges.

Your investment in the International Wealth Account is used to buy units in the investment choices held in your plan.

10

Making your investment choices

Before deciding where to invest, you will need to consider these questions:

• whatwouldyouliketoachieve?

• howlongdoyouplantoinvestfor?

• howmuchriskareyoupreparedtotakewith yourinvestment?

We have a range of over 200 investment choices for you to choose from which are all externally managed by the underlying fund managers as detailed in the ‘Investment details brochure’. You can invest in up to 30 investment choices at any one time.

With the International Wealth Account you can switch your investment choices at any time to reflect changes to your circumstances, your attitude to risk, your time horizon or your personal expectations. You may switch holdings between any of the investment choices outlined in the ‘Investment details brochure’.

You should note that switching to an investment choice in a currency which differs from your current investment choice currency will involve a currency exchange rate cost to you. This cost is calculated as 0.175% of the net amount that is moved between each pair of different currencies during the overall switch transaction. You are always advised to consult your relevant financial professional before making any switches.

The investment returns of your plan may be subject to foreign exchange risks as some of the underlying funds may be denominated in a currency different from that of your plan.

Please note that the units allocated to your plan are notional, and are solely for the purpose of determining the account value of your plan.

Your return on investment choices linked to the scheme is calculated or determined by ZurichInternationalLifewithreferencetotheperformance of the underlying fund/assets, and is subject to the charges of the plan and may be lower than the return of the corresponding SFC-authorisedfund.

Each investment choice will have very different features and risk profiles; some may be of high risk.

11

Surrender (also known as withdrawal)Regular or occasional withdrawalsIf you would like to receive an income from your plan, you can choose to receive regular payments at monthly, quarterly, half-yearly or yearly intervals – specified as a yearly amount either as a percentage or a fixed amount of your contribution or plan value.

The minimum monthly withdrawal amount is HKD2,000/ USD250 using Autopay. If you make a withdrawal or partial surrender, you must leave at least HKD120,000/USD15,000 or twice the current surrender charge, whichever is greater, in the plan. If, following a partial withdrawal request, the remaining plan value is less than the minimum stated amount then the plan will be fully surrendered and the surrender value returned to you.

Please refer to the ‘Summary of charges’ section for full details of the surrender charge.

Full surrenderYou can request a full surrender at any time. To fully surrender your plan, you need to submit a request to us in writing using the relevant form. Your plan will be surrendered, the surrender value paid to you and the plan will end.

If you surrender your plan in the early years you may not get back the original amount invested. In addition, the value of investments and the income from it can fall as well as rise as a result of market and currency fluctuations so that you may not get back the amount originally invested and may suffer a significant loss of principal.

Please refer to the ‘Summary of charges’ section for details of the surrender charge.

Termination of the planYour plan will be automatically terminated when:

(i) we receive notification of the death of the life insured/last life insured; or

(ii) your plan is fully surrendered; or

(iii) the plan value falls below the minimum stated amount.

Any early termination/surrender/partial surrender of the plan may result in significant loss of the principal. Poor performance of underlying funds/ assets may further magnify your investment losses, while all charges are still deductible.

Death benefitOn the death of the last surviving life insured we will pay out 101% of the plan’s surrender value.

Although your International Wealth Account is a life insurance plan, because part of your death benefit is linked to the performance of the underlying funds you selected from time to time, your death benefit is subject to investment risks and market fluctuations. The death benefit payable may be significantly less than your contributions paid and may not be sufficient for your individual needs.

12

Summary of charges

Charges of the plan

Establishment charge

Yearly management charge

Yearly plan charge

A charge based on the value of the plan will be applied on a monthly basis at a rate of up to 0.5% per year.

The charge reduces the higher the total contributions received:

A fixed yearly charge applies to the plan at the following rates:

•Hong Kong dollars – HKD1,200

•US dollars – USD150

•Euros – EUR150

•Swiss francs – CHF250

•Japanese yen – JPY20,000

•Australian dollars – AUD250

•Sterling – GBP100

•Singapore dollars – SGD250

Deducted on a pro-rata basis at the start of each month by cancellation of units in proportionate to the value of the investment choices.

Deducted on a pro-rata basis at the start of each month by cancellation of units in proportionate to the value of the investment choices.

A charge of up to 7% applies to each contribution received:

Deducted on a pro-rata basis at the start of each month by cancellation of units proportionate to the value of the investment choices. The charge is taken for up to five years from the date the relevant contribution is paid.

Applicable charge Deduction arrangement

Zurich International Life reserves the right to vary the plan charges or apply new charges with not less than three month’s prior written notice, or such shorter period of notice in compliance with the relevant regulatory requirements.

Year Establishment charge

1 2%

2 2%

3 1%

4 1%

5 1%

Total contributions

received (HKD)

Yearly management

change

Up to 1,799,999 0.5%

1,800,000 to2,999,999

0.35%

3,000,000 to5,999,999

0.25%

6,000,000+ 0.2%

13

Surrender charge The charge is deducted by cancellation of units as at the date the surrender is processed.

The charge decreases as follows :

We will apply a surrender charge of up to 8.25% of each contribution paid units in the following situations:

• you surrender all your plan in the first five years

• you surrender all your plan in the first five years following any contribution – the charge will apply to each contribution made during the previous five years

• you make a partial surrender during the five years following a contribution and the remaining plan value is either less than HKD120,000/USD15,000 or twice the outstanding surrender charge (whichever is greater).

For example:

You invest HKD1,000,000 in an International Wealth Account and then fully surrender in month ten, when the current value of the plan is HKD1,100,000.

The surrender charge will be calculated as follows:

HKD1,000,000 x 6.38% (the surrender charge in month ten) = HKD63,800

The amount that will be returned to you is:

HKD1,100,000 – HKD63,800 = HKD1,036,200

Start of year Charge

1 8.25%

2 6.00%

3 4.00%

4 2.00%

5 1.00%

The charge decreases on a monthly basis. The example below shows how this charge would decrease over the first 12 months of the plan:

Month aftercontribution

Total surrendercharge

0 8.25%

1 8.06%

2 7.88%

3 7.69%

4 7.50%

5 7.31%

6 7.13%

7 6.94%

8 6.75%

9 6.56%

10 6.38%

11 6.19%

12 6.00%

Switching and redirection of contributions

You can switch up to 25 times each plan year without charge, although switching to an investment choice which differs from your investment currency will involve a currency exchange rate cost. The cost is 0.175% of the net amount moved between each pair of different currencies during the overall switch transaction.

You should also note that some of the investment choices carry a small discounted initial charge. If you switch to an investment choice with an initial charge, this percentage will be deducted from the amount being switched by deduction of units.

The cost will be deducted from your plan value by cancellation of units immediately after the switch has been processed.

Charges of the plan (Cont.)


14

Charges at underlying fund level

You should note that the underlying funds of the investment choices have separate charges to cover management and performance fees, bid-offer spread and/or any switching fee. You do not pay these fees directly – either (1) the fees will be deducted and such reduction will be reflected in the unit price of the underlying funds or (2) units will be redeemed from your investment choices to pay these fees.

For details, please refer to the offering documents of the underlying funds and/or the principal brochure of IWA which are available from Zurich International Life upon request.

Valuation charge (optional)

We automatically send you two valuation statements each year, and will provide up to 12 valuation statements each year at your request.

We will make an additional charge of HKD360/USD45 for the 13th and any subsequent valuation each year.

The cost will be deducted by the cancellation of units immediately after the valuation has been processed.

Charges of the plan (Cont.)


15

Why choose Zurich?

Zurich is one of the world’s largest financial services companies, and one of the few to operate on a truly global basis. With more than 55,000 employees serving customers in more than 170 countries, we offer a comprehensive range of general and life insurance products and services for both individuals and businesses.

With headquarters in the renowned financial centre of Zurich, Switzerland, the Zurich Insurance Group, of which we are a part, can trace its roots back more than 140 years.

16

ZurichInternationalLifeZurich International Life is one of the world’s leading providers of international insurance and investment products:

• established in 1982, we have over 30 years experience dealing specifically with international business

• we offer life assurance, investment and protection solutions

• we are a truly global company with licensed operations in Europe, the Middle East and Asia

• we offer access to over 30 of the world’s leading investment companies

We are based on the Isle of Man, one of the world’s leading international life assurance centres The island has an AAA* rating from Standard and Poor’s and has one of the longest established parliaments anywhere in the world.

* The AAA rating is for long term sovereign credit and senior unsecured debt.

Planholder protectionInvestors receive worldwide protection through the Isle of Man's Life Assurance (Compensation of Policyholders) Regulations 1991 regardless of residency. In the event of insolvency, planholders of the Company are entitled to claim compensation of up to 90% of the liability to their plan under the Isle of Man regulations.

Notwithstanding such Isle of Man regulations, there is no guarantee that you will get back up to 90% of your contribution paid or the prevailing value of your plan. The final value you receive, if any, may be substantially less than the total contributions paid or the prevailing value of your plan.

This liability to planholders is administered by the Insurance and Pensions Authority who levy contributions from all participating insurers and these contributions are held in a Policy Owners' Compensation Fund. In the event that the fund is insufficient to sustain any claims made, the Insurance and Pensions Authority may defer, reduce or extinguish any amounts payable as compensation.

Full details of the regulations can be found on the Isle of Man Government’s website at www.gov.im.

The Company fully adheres to anti-money laundering laws and directives.

ConfidentialityYou can be sure that when you are legitimately investing with us we will only provide details of your plan to you or your adviser. We comply with the Isle of Man Data Protection Act which aims to safeguard your personal details so that they are not passed to anyone else without your permission.

17

Important documents

Your relevant financial professional will explain and give you the following documents before you make an application for an International Wealth Account plan:

• The principal brochure, which consists of this product brochure and the ‘Investment details brochure‘.

• An illustration showing the projected future surrender values.

• A copy of the ‘International Wealth Account – Product key facts statement‘.

A copy of the terms and conditions of the plan will be provided to planholder(s) upon plan issuance.

18

Cooling-offrights–yourrighttochangeyour mindIf you are not fully satisfied with this plan, you have the right to change your mind.

You should:

• return the plan; and

• attach a letter, signed by you, requesting cancellation.

The plan will then be cancelled and the contribution(s) paid will be refunded, less a deduction of the amount (if any) by which the value of your investment has fallen at the time when your cancellation letter is received by us. The deducted amount will not include any allowance for expenses or commissions in connection with the issuance of the contract.

These cancellation rights have the following conditions:

• your request to cancel must be signed by you and received directly by Zurich International Life Limited, 25-26/F, One Island East, 18 Westlands Road, Island East, Hong Kong within 21 days after the delivery of the plan or issue of a Notice (informing the availability of the plan and the expiry date of the cooling-off period) to the planholder or the planholder’s representative, whichever is the earlier.

No refund can be given if a claim payment has been made.

Should you have any further queries, please contact Zurich International Life and we will be happy to explain your cancellation rights further.

Applying for an International Wealth Account

If you wish to apply for the plan, please submit an application form and relevant identification documents, along with a valid method of payment to us via your relevant financial professional.

19

TaxationAs an Isle of Man based insurance company, Zurich International Life Limited is not liable to pay capital gains tax or income tax on investments held on behalf of its investors.

This means that your investment is not taxed at source and can therefore grow almost tax-free. There may be a certain amount of withholding tax taken from some investments held in certain countries.

The taxes that apply to your plan depend on the tax laws in your country of residence and domicile. Tax planning, and international tax planning in particular, is a complex area and we recommend that you seek professional financial advice

Borrowing powerInternational Wealth Account have no borrowing powers. For details of borrowing powers of the underlying fund corresponding to the investment choices managed by external managers, please refer to the offering document of the relevant underlying fund.

Complaints and enquiriesIf you are dissatisfied with our service you have the right to complain. If you have any enquiries you can also contact us. In the first instance, complaints and enquiries should be addressed to:

Zurich International Life Limited 25-26/F, One Island East 18 Westlands Road Island East Hong Kong Telephone: +852 3405 7150

Applicable lawThe plan is governed by and construed in accordance with the laws of the Isle of Man.

Although the place of law of the plan is always the Isle of Man, Zurich International Life agrees to submit to the non-exclusive jurisdiction of the Hong Kong courts in respect of any litigation arising out of the plan.

AuthorisationThe International Wealth Account plan and its principal brochure have been authorised by the Securities and Futures Commission (SFC).

SFC authorisation does not imply official recommendation or endorsement of a scheme nor does it guarantee the commercial merits of a scheme or its performance. It does not mean the scheme is suitable for all investors nor is it an endorsement of its suitability for any particular investor or class of investors.

ResponsibilityZurich International Life accepts responsibility for the accuracy of the information shown in the offering document at the date of publication, and confirms having made all reasonable enquiries, that to the best of our knowledge and belief there are no other facts the omission of which would make any statement misleading.

The information contained in this brochure is based on Zurich International Life’s understanding of relevant legislation, regulation and taxation issues as at September 2013 and may change in the future. The information will be kept as reasonably up-to-date as possible.

Zurich International Life limited is subject to the prudential regulation of the Insurance Authority. However, the Insurance Authority does not give approval to individual insurance products, including the International Wealth Account referred to in this statement.

If you are in any doubt, you should seek professional advice.

The SFC takes no responsibility for the contents of the offering document, makes no representation as to its accuracy or completeness, expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the offering document.

TheZurichInternationalLifeInternationalWealthAccount is an international life insurance plan. The planisdesignedtobeheldinthelong-termandissubject to minimum contribution levels. If you surrender the plan in the early years you may not get back the original amount invested and may result in substantial loss of principal.

Investments involve risks. Past performance is not a guide to future performance. The value of any investment and the income from it can fall as well as rise as a result of market and currency fluctuations so that you may not get back the amount originally invested and may suffer a significant loss of principal.

MSP

1200

5 (0

5/14

)

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

Registered in the Isle of Man number 20126C.

Registered office: 43-51 Athol Street, Douglas, Isle of Man, IM99 1EF, British IslesTelephone: +44 1624 662266 Telefax: +44 1624 662038

Hong Kong office: 25-26/F, One Island East, 18 Westlands Road, Island East, Hong KongTelephone: +852 3405 7150 Telefax: +852 3405 7268

www.zurichinternational.com

Important informationZurich International Life is a business name 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 planholders.

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 planholders, up to 90% of the liability to the protected planholders will be met.

TheprotectiononlyappliestothesolvencyofZurichInternationalLifeLimitedanddoesnotextendtoprotectingthevalueoftheassetsheldwithinanyunit-linkedfunds linked to your plan.

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, administrative and quality purposes.

international wealth account product key facts statement...

Documents