1. Loss of protection        

Choosing to surrender or cancel your policy means giving up the vital protection it offers, potentially exposing you and your family to uncertainties. The financial implications of unexpected events or illness can be unpredictable and may significantly affect your quality of life.

2. Financial impact

Surrendering a certified VHIS plan or a Qualifying Deferred Annuity Policy may result in the loss of eligibility for tax deductions.

Additionally, if your policy has accumulated cash value, an early surrender may result in a significant loss where you may get back considerably less than the total premiums you have paid.

3. Exclusion in future coverage

If you decide to purchase a new policy later, you may need to undergo reassessment based on your age and health at that time. This could present challenges in obtaining equivalent coverage under the same terms and premiums.

Regardless of your reasons for considering surrender, AXA offers alternatives to support your financial planning while ensuring your protection is upheld. Options¹ include:

• Applying for premium holiday
• Withdrawing dividends or cash value
• Lowering the sum insured
• Make a surrender on policy rider only

We encourage you to contact your Financial Consultants or call our Customer Service Hotline on (852) 2802 2812 to discuss the options that best align with your interests and needs.

1. The availability of these options may vary based on the specific features of your policy. Please refer to your policy contract for details to understand which alternatives are available to you.