• Short premium payment term with low entry fee and high long-term growth
• Market-exclusive
  no aggregate-limit Bonus Lock-in Option to best capture returns
• Unlimited times
  for changing the insured enables wealth accumulation across generations
• Up to 4% p.a. guaranteed preferential interest rate for premium prepayment

HONG KONG SAR -�Media
OutReach�- 8 February 2021 -�AXA Hong
Kong and Macau today
announced the launch of "Wealth Ultra Savings Plan (2-year Pay)"("Wealth Ultra
(2-year Pay)"), a participating life insurance plan with a short premium
payment term of two years. Customers can enjoy sustainable wealth growth with an
annual premium as low as USD10,000. If customers choose to pay the 2-year basic
plan premium
in
one go, they can also enjoy a 4% p.a. guaranteed
interest rate on the prepaid premium. Key features of Wealth Ultra (2-year Pay) include:

• Market-exclusive feature - Bonus Lock-in Option to lock in gains without an aggregate limit for the
  lock-in rate
• Market-exclusive feature - Flexi Continuation
  Option to support both life protection and legacy planning
• An unlimited number of times for changing the insured
  to pass on wealth across generations

"Wealth Ultra
(2-year Pay)"is a limited-time offer, available on a first-come-first-served
basis.

Short premium payment term and low
entry fee, projected total cash value doubles every 10 years

Wealth
Ultra (2-year pay) offers a premium payment term of just 2 years and an annual
premium as low as USD10,000, allowing customers to enjoy all benefits of the
plan without the burden of a long-term financial commitment. Premiums are
guaranteed to remain unchanged throughout the 2-year period. �If customers choose to pay the 2-year premium in
full at the time of application, they can enjoy up to 4% p.a. guaranteed interest rate on
the prepaid premium, generating attractive additional returns in the current
low interest rate environment.

�

Apart from the guaranteed cash value, Wealth Ultra
(2-year pay) also provides two types of non-guaranteed bonuses -- the reversionary
bonus and the terminal bonus. Starting from the 6^th policy year, the
total cash value^[1] is projected to double every 10 years
on average; and from the 82^nd policy year, the total Internal Rate
of Return (IRR) for each policy year is expected to exceed 7%^[2].

Market-exclusive
feature 1: �No aggregate limit for bonus lock-in rate to best capture
market returns

Wealth
Ultra (2-year pay) Bonus Lock-in Option allows customers to transfer the reversionary
bonus and terminal bonus to the bonus lock-in account, without partially
surrendering their policies. They can thus turn the non-guaranteed bonus into
guaranteed and earn up to 4% p.a. interest^[3] from it, avoiding potential
changes to the returns posed by market fluctuations and accelerating their wealth
accumulation.

�

Wealth
Ultra (2-year pay) is particularly unique in the market as it offers no
lifetime aggregate limit for the lock-in rate. Customers can pass on the policy
to future generations without having to worry about exhausting the lock-in
rate. The plan also provides flexibility for customers to withdraw part or all
of the value from the bonus lock-in account anytime according to their needs.

Market-exclusive
feature 2:� Flexi Continuation Option to support both life
protection and legacy planning

Wealth Ultra
(2-year pay) allows changing the
insured for an unlimited number of times without affecting the policy value. The
insured period can be updated to age 138 of the latest insured, enabling
passing on wealth across generations.

�

The market-exclusive Flexi Continuation Option takes
care of both the life protection and legacy planning needs of customers. They
can designate a contingent insured in advance, so in the unfortunate event that
the initial insured passed away, the designated contingent insured will become
the new insured, and the pre-assigned portion of the policy value will be
passed on accordingly for wealth accumulation; and the remaining portion will
be payable to the designated beneficiaries in the form of compassionate benefit
for immediate financial support.

Mr. Kevin Chor, Chief Life and Health Insurance
Officer, AXA Hong Kong and Macau, said, "Last year we launched Wealth Ultra Savings Plan and
received very positive feedback and a number of awards. COVID has affected the
global market environment, disrupting the wealth management plans of many. We
understand that customers are hoping to achieve long-term financial growth with
short-term commitments, therefore we launch Wealth Ultra Savings Plan (2-year
pay) this year, providing them with competitive returns without requiring a
long-term payment. The plan comes with a Bonus Lock-in Option which enables customers
to capture market returns and not be affected by market volatility. Together
with the unlimited times for changing the insured and Flexi Continuation Option,
customers can enjoy the benefits of protection and cross-generation wealth accumulation
all at the same time."

�

For more information on Wealth Ultra Savings Plan
(2-year pay) , please visit: www.axa.com.hk

The above is for reference only. For details of the
product, including terms and conditions, please refer to the product brochure.

�

About AXA Hong Kong and Macau

AXA Hong Kong and Macau, a member of the AXA Group, prides itself on serving over 1.5 million customers^[1] with our superior products and services. AXA is the top-tier life insurer in Hong Kong with the longest history^[2] and is ranked No. 2 in insurance - life, health (stock) category worldwide^[3]. In addition to being the No. 1 global Property & Casualty commercial lines insurer^[4], we are the No. 1 most considered insurance brand in Hong Kong^[5]. We are also one of the largest health protection providers in Hong Kong and Macau.�

AXA is one of the most diversified insurers, providing a full range of coverage for individual and commercial customers. We offer all-round, integrated solutions across Life, Health and Property & Casualty to address all our customers' insurance needs.�
As an innovative insurer, we leverage on Big Data and AI to transform the customer experience end-to-end, making insurance simpler and more personal. We continue to drive innovation notably in health and protection, supporting customers in prevention, treatment and recovery.�

We also believe it is our inherent responsibility to support the communities in which we operate. AXA Foundation is our flagship corporate social responsibility programme covering all our efforts in promoting holistic wellbeing and supporting the underprivileged to create a positive and lasting impact in the communities of Hong Kong and Macau.�

^[1] Including customers of AXA China Region Insurance Company Limited, AXA China Region Insurance Company (Bermuda) Limited (incorporated in Bermuda with limited liability), and AXA General Insurance Hong Kong Limited
^[2] Top tier insurers are defined based on the annualised premiums of Individual Direct New Business (Classes A to F) of Statistics on Hong Kong Long Term Insurance Business published by the Insurance Authority
^[3] 2020 Fortune Global 500�
^[4] AXA Corporate Solutions, AXA Matrix Risk Consultants, AXA Insurance Company, and AXA Art with AXA XL's insurance and reinsurance operations combined��
^[5] AXA Hong Kong Brand Preference Tracking Report 2019

THIS PRESS RELEASE IS AVAILABLE ON AXA'S WEBSITE:� AXA.COM.HK�

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA's actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 - "Risk factors and risk management" of AXA's Universal Registration Document for the year ended December 31, 2019, for a description of certain important factors, risks and uncertainties that may affect AXA's business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.� �