1. This maximum tax deduction limit is the aggregate limit for Mandatory Provident Fund Tax Deductible Voluntary Contribution and qualifying annuity premiums. It is also based on the information on allowance published by the Inland Revenue Department (“IRD”) as of the Jul 2026 and is subject to change from time to time. Each taxpayer can enjoy a maximum tax deductible limit of HKD60,000, which is the aggregate limit for qualifying annuity premiums and Mandatory Provident Fund Tax Deductible Voluntary Contribution. Only the qualifying annuity premiums paid in relation to the annuity payments can be tax deductible. Please note any premiums paid for any supplements attached to IncomeBliss or any premium refund/discount will not be qualified for tax deduction. For more information, please refer to www.ird.gov.hk or seek independent tax advice.
2. For VHIS, each taxpayer can enjoy a maximum tax deductible limit of HKD8,000 for qualifying VHIS premiums paid for each insured person. For more information, please refer to www.ird.gov.hk or seek independent tax advice.
3. Full cover shall mean no itemised benefit sub-limit and is only applicable to the reimbursement of the actual amount of eligible expenses and / or other expenses charged after deducting the remaining deductible (if any), and is subject to the annual benefit limit and other conditions as stated in the product brochure and the policy contract. Full cover applies to certain benefit items only. Further details of the terms, conditions, exclusions and limitations are provided in the policy contract.
4. The above illustrated examples are for reference only. The actual tax savings may be lower than the above examples. The final calculation is subject to the actual assessment results of the IRD. Moreover, the above examples are calculated based on the allowances, deductions, and tax rates for the year of assessment 2026/27 and assume that (i) the tax payable is calculated at progressive rates; and (ii) the taxpayer has no other allowances, deductions, or tax concessions, except for the allowances and deductions illustrated above.

*Remarks: The Digital Enrolment System is applicable to customer who fulfills the following conditions:

- Customer should be a Hong Kong Identity Card holder

- Customer lives in Hong Kong and the application should be signed in Hong Kong

- The new application is not to replace any existing life policy(ies)

- The customer decides to apply for Deferred Annuity and VHIS Products, and does not require the Financial Consultant to provide product recommendations

- Due to outbreak of novel coronavirus, customer prefers not to have face-to-face sales interview

- No supplementary benefits to be attached to the application 

You must meet all the eligibility requirements set out under the Inland Revenue Ordinance and any guidance issued by the IRD of HKSAR before you can claim the tax deductions.

Any general tax information provided is for your reference only, and you should not make any tax-related decisions based on such information alone. You should always consult with an independent professional tax advisor if you have any doubts. Please note that the tax law, regulations or interpretations are subject to change and may affect related tax benefits including the eligibility criteria for tax deduction. We do not take any responsibility to inform you about any changes in the laws and regulations or interpretations, and how they may affect you. Please contact the IRD directly for any tax related enquiries.

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.

(Only for use in Hong Kong Special Administrative Region)