(22 August 2011 - Hong Kong) The Prudential Assurance Company Limited ('Prudential Hong Kong') has launched a Renminbi ('RMB')-denominated endowment plan, Golden Harvest RMB Endowment Plan II, to provide customers with the benefits of a guaranteed cash return#1 and at the same time, seize the potential appreciation of the RMB#2.Golden Harvest RMB Endowment Plan II is a single premium five-year endowment product offered to customers between the age of 1 and 65. It guarantees to pay customers 111.5%#1 of the single premium paid in RMB at the end of the five-year policy period, which is equivalent to an interest rate of 2.2%#1 per annum in RMB. To allow flexibility to customers, the minimum single premium payment of RMB 80,000#3 can be paid in either RMB or in an equivalent amount of HKD.Mr. Iain McConnachie, Chief Marketing Officer of Prudential Hong Kong says, "High confidence in the robust mainland China economy and potential RMB appreciation has driven strong demand for RMB endowment products. Adhering to our credo of "Always Listening, Always Understanding", we are launching this product to meet consumer demand for an RMB endowment product that comes with guaranteed returns in times of high market volatility and uncertainty. The plan also helps consumers achieve their medium term financial goals with the added protection of life cover."The plan is easy to start and does not require medical underwriting#4 if the total Sum Assured#5 does not exceed the maximum limit of equivalent of HK$10,000,000 per Life Assured. The plan also features a life cover of 101% of the Sum Assured#5 or the Guaranteed Cash Value in RMB, whichever is higher#1.The plan is only available during the promotional period. The information listed above is for reference only. For more product information, terms and conditions and important notes of this plan, customers are welcome to call the Prudential Hong Kong hotline on 2281 1333.
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