As a working professional, you have been striving for career success to embrace a financially secure and worry-free future. But staying financially secure means having a dependable monthly income as well as a safety net. With IncomeEnrich Deferred Annuity Plan, you can enjoy a steady and guaranteed stream of income and additional protection, so you can lead your life comfortably without any financial worries.
Personalize your retirement solution flexibly for a worry-free future
IncomeEnrich Deferred Annuity Plan is a participating deferred annuity insurance plan eligible for tax deduction and offers up to 20-years steady stream of monthly annuity payment. Besides, you can enjoy additional protection to avoid financial pressure in the event of any unforeseen incidents!
Highlights of IncomeEnrich Deferred Annuity Plan:
- Flexibility to craft your retirement solution, premium payment term as short as 5 years
- Up to 20-years steady stream of monthly annuity payment
- Tax deductible¹
- Waiver or extended grace period for premium payments during difficult times
- Peace of mind with life and dementia protection
Embrace your protection with tax incentive
IncomeEnrich is a Qualifying Deferred Annuity Policy (“QDAP”) eligible for tax deduction which is certified by the Insurance Authority. Policy owner can enjoy a maximum tax deductible limit of HKD60,000¹ annually. If you successfully apply for IncomeEnrich and designated medical plan at the same time, each taxpayer can enjoy a tax deduction of up to HK$68,000¹ annually.
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 policy contract for detailed terms and conditions. You should not purchase a policy based on the information on this website alone.
¹ For eligibility of tax deductions or any tax related enquiries, please refer to the Inland Revenue Department (IRD) website or contact the IRD directly. Each taxpayer can enjoy a maximum tax deductible limit of HKD 60,000, which is the aggregate limit for qualifying annuity premiums and Mandatory Provident Fund Tax Deductible Voluntary Contribution. While for VHIS, each taxpayer can enjoy a maximum tax deductible limit of HKD 8,000 for qualifying VHIS premiums paid for each insured person.
For product details, please refer to the product brochure, proposal and policy contract.