Fulfillment Ratio

The Fulfillment Ratio for annual dividends is calculated as the ratio of the aggregate actual accumulated non-guaranteed annual dividends against the aggregate illustrated accumulated non-guaranteed annual dividends at the point of sale for all the relevant inforce participating policies at that policy year. The accumulated non-guaranteed monthly incomes (if applicable) and the non-guaranteed interests, if any, earned on accumulated dividends and interest, accumulated guaranteed coupons and/or annuities (if applicable) as well as accumulated non-guaranteed monthly incomes (if applicable) are also included and aggregated with the amount of annual dividends in the calculation of Fulfillment Ratio.

Assume Product X contains the following 4 HKD policies as of reporting year 2025:

The calculations of Fulfillment Ratios for HKD policies for reporting year 2025 are shown below:

Note: The figures shown in the above example are for illustrative purpose only.

The Fulfillment Ratio for terminal dividends is calculated as the ratio of the aggregate actual payout of non-guaranteed terminal dividends against the aggregate illustrated non-guaranteed terminal dividends at the point of sale for all the relevant participating policies which were actually terminated in the reporting year.

Assume Product X has the following 4 HKD policies terminating in reporting year 2025:

The calculations of Fulfillment Ratios for HKD policies for reporting year 2024 are shown below:

Note: The figures shown in the above example are for illustrative purpose only.