IncomeEnrich Deferred Annuity Plan (“IncomeEnrich”) is certified by the Insurance Authority as a Qualifying Deferred Annuity Policy. In addition to tax incentive and its 10 or 20-years steady stream of monthly annuity payment, whether you want to fund your lifestyle, reach your savings goals, or create a financial buffer against life’s misfortunes, IncomeEnrich can give you a head start.
Product Features
Flexibility to craft your retirement solution
Steady stream of income and potential wealth growth
Save on tax today while planning for tomorrow
Waiver or extended grace period for premium payments during difficult times
Peace of mind with life and dementia protection
Relish a hassle-free application experience
How does IncomeEnrich Deferred Annuity Plan work?
Your retirement is an important milestone that requires careful planning. A good solution gives you full control with flexibility to meet your financial needs. What you need is IncomeEnrich, for the retirement you’ve always dreamed of. Click here to watch video and learn more!
Flexibility to craft your retirement solution
With IncomeEnrich, you can craft your retirement solution according to your current and future needs by choosing:
- Premium payment term of 5 or 10 years
- Annuity period of 10 or 20 years
- Annuity start age can be as early as age 50¹
- Monthly annuity payments paid in cash to the annuitant or left with us to accumulate for interest²
Note: Please refer to the product brochure for further details on IncomeEnrich
Steady stream of income and potential wealth growth
IncomeEnrich provides a steady stream of monthly annuity payments consisting of two components:
- monthly guaranteed annuity payments that are fixed throughout your selected annuity period
- monthly non-guaranteed annuity payments³ which you can benefit from the upside potential return
Save on tax today while planning for tomorrow
IncomeEnrich is certified by the Insurance Authority as a Qualifying Deferred Annuity Policy eligible for the following tax deductions:
| Annual tax deductible limit for qualifying annuity premiums paid | |
|---|---|
| Individual applicants | Up to HKD60,0004 |
| Married couples | Up to HKD120,000 (Provided that the deduction claimed by each taxpayer does not exceed the individual limit of HKD60,0004) |
Extra buffer against life’s misfortunes
- Accident premium waiver benefit
- Dementia advance benefit
- Complimentary extended grace period benefit
- Life protection and flexible death benefit settlement option
- Optional protection including Accident Protector First 3 Years Free Supplement
Note: Please refer to the product brochure for further details on IncomeEnrich
Relish a hassle-free application experience
With no medical underwriting required⁵, IncomeEnrich takes the hassle out of the application process so you can start your saving journey with ease.
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Customer Hotline : (852) 2802 2812
Business hour:
Monday - Friday: 09:00 - 17:30
Saturday: 09:00 - 13:00
Except Public Holidays
Remarks
- Only applicable to policies with issue age of 18 - 40.
- The monthly annuity payment will be left with us to accumulate for interest. The interest rate is not guaranteed and shall be determined by the Company from time to time.
- We may review and adjust the monthly non-guaranteed annuity payment from time to time at our absolute discretion. Under some circumstances, the monthly non-guaranteed annuity payment can be zero. The actual amount of monthly non-guaranteed annuity payment may increase or decrease during the annuity period.
- As of April 1, 2019, this maximum tax deduction limit is the aggregate limit for Mandatory Provident Fund Tax Deductible Voluntary Contribution and deferred annuity premiums. It is also based on the information on allowance published by the Inland Revenue Department and is subject to change from time to time. Only qualified annuity premiums paid in relation to the annuity payments can be tax deductible. Please note any premiums paid for any supplements attached to IncomeEnrich Deferred Annuity Plan will not be qualified for tax deduction.
- Other than Accident Protector First 3 Years Free Supplement, the exemption from medical underwriting is not applicable to the optional supplement(s) (if any) attached to IncomeEnrich.
Information on this webpage is for reference only, and not intended to be a complete description of the applicable terms and conditions. Please refer to the product brochure and policy contract for detailed terms and conditions. You should not purchase a policy based on the information on this website alone.
