Insurance

Sun Life Hong Kong introduces Stellar, the First ESG-focused Savings Plan in the Market.

Sun Life Hong Kong has announced the launch of Stellar, the first ESG-focused savings plan in the market that actively integrates environmental, social and governance (ESG) concepts into its own investment strategies, managing the risks and optimizing opportunities through focusing investment on those assets with high ESG rating.

Stellar is a participating insurance plan that focuses on investing assets that excel in ESG qualities, with a vision of enabling clients to build their wealth in a way that has a positive impact, while also ensuring a legacy for future generations.

 

Clement Lam, Chief Executive Officer, Sun Life Hong Kong Limited, said, “We are delighted to launch Stellar, the first ESG-focused savings plan1 in the market.  2022 marks our 130th anniversary in the city, a milestone not only celebrates our achievements over the years but also, more importantly, focuses on a future that contributes to the development of a healthier and more sustainable community. Stellar is designed to help our clients manage and grow their wealth while empowering them to make financial decisions that can impact the future positively. Stellar supports allocation to sustainable investments including, but are not limited to, green bonds, renewable energy, energy transition, etc. Furthermore, we pay particular attention to carbon profiles and selectively invest in assets with relatively lower carbon intensity, so that we can build a greener future together.” 

 

From now until June 30, 2022, clients who successfully apply Stellar and fulfill designated requirements not only can enjoy fabulous client offer, a donation of HKD130 will also be made on clients’ behalf to support “Rethink Plastic” Education Campaign organized by The Green Earth, an environmental charity organization2. The campaign is a long-term initiative designed to raise public awareness of plastic pollution issues in Hong Kong and encourage the public to use plastic and manage plastic waste responsibly.

 

Key features of Stellar also include:

  • It serves as an excellent legacy planning tool that enables long-term savings to pass across multiple generations. With 2 years of premium payment only, Stellar enables clients to enjoy potential long-term wealth growth without committing to long-term payments.
  • Stellar also offers clients flexibility in their legacy planning. Clients can choose to cover 1 insured (Single Life) or 2 insureds (Joint Life) from age 0 to 80 under the policy at the time of application3. Whenever necessary, clients may request to change from Joint Life to Single Life or from Single Life to Joint Life by exercising the Change of Coverage Option4 under the policy. Further, clients can opt for the Change of Insured Option4 to change the insured according to their needs.