eIncomePro Deferred Annuity Plan (100% Guaranteed) ("eIncomePro" or "the Plan") is a life insurance plan and is not equivalent or similar to any kind of bank deposit. This product information does not contain the full terms of the policy and the full terms can be found in the relevant policy document. It is underwritten by Hang Seng Insurance Company Limited ("Hang Seng Insurance"). "eIncomePro" has been certified by the Insurance Authority ("IA") as Qualifying Deferred Annuity Policy ("QDAP"). For more information about "QDAP", please visit
Apply for our eIncomePro Deferred Annuity Plan (100% Guaranteed)(1) to enjoy 10 years of guaranteed passive income and save up to HKD10,200 in tax(1)(6). Now, upon successful application, you can also enjoy 10X cash dollars / yuu Points(8) worth up to HKD2,400.
Provides 10-year extra fixed income(2) with a guaranteed internal rate of return of 1.73%-2%(3)
The Plan is certified by the Insurance Authority ("IA") as a Qualifying Deferred Annuity Policy and the relevant premiums may be eligible for a tax deduction(1)
. The maximum limit is HKD60,000(6)
per assessment year.
If you choose to pay an annual premium
HKD60,000 x tax rate of 17%
Each taxpayer can save tax for
up to HKD 10,200 in each tax assessment year(1)(6)
Breakeven year: at the end of 8th policy year(4) at the earliest
Policy currency: HKD / USD
Premium Payment method: Annual / Monthly
Annual mode: HKD38,000-HKD180,000 / USD4,760-USD22,500
Monthly mode: HKD3,230-HKD15,300 / USD405-USD1,913
# There will be within 0.5% difference between the actual premium figures and the premium options selection due to rounding up of the system setting.
For details of the plan features and the relevant product risks, please refer to the product brochure.
For the terms and conditions of the plan, please refer to the policy.
Apply with [the designated promotion code 3ANX10]
and pay the premiums with Annual Payment Mode with your Hang Seng Credit Card to enjoy 10X / Points(8)
If you choose to pay an annual premium of HKD 60,000, you can enjoy rewards worth up to HKD 2,400.
Inclusive of the basic Cash Dollars Rebate / yuu Points.
The must-knows about QDAPs
- Are all annuity products eligible for a tax deduction?
No, only the premiums paid for Qualifying Deferred Annuity Policies (“QDAPs”) are eligible for a tax deduction.
- What is the potential tax savings upon application for a QDAP?
The potential tax savings can be up to HKD10,200 in a tax assessment year for each taxpayer(1)(6), the actual tax savings depends on your personal circumstances (e.g. income, eligible tax deductions and allowances, QDAP premiums/tax deductible MPF voluntary contributions, etc).
In addition, taxpayer may claim deduction for qualifying annuity premiums paid under one or more than one policy. However, the deduction allowable to each taxpayer should not exceed the aggregate of qualifying annuity premiums and tax deductible MPF voluntary contributions paid during the tax assessment year or the specified maximum deduction HKD60,000, whichever is lower.
- Married couple could flexibly allocate qualifying deferred annuity premiums for tax deductions of up to HKD120,000 in total?
Married taxpayers may claim a tax deduction for the qualifying deferred annuity premiums paid by himself/herself and his/her spouse not living apart, they may allocate the qualifying deferred annuity premiums for tax deductions of up to HKD120,000 in total (potential tax savings of up to HKD20,400 per tax assessment year(1)(7)).
However, the amount of deductions claimed by each taxpayer cannot exceed the individual limit (i.e. a maximum of HKD60,000 per individual).
to get a free quote and apply online now!
For more details, please call
After successful application, your life, medical and general insurance policies can be easily viewed and managed at anytime, anywhere with the Hang Seng Personal e-Banking or Hang Seng Personal Mobile App.
In addition, you can download the Hang Seng Olive WellnessApp to gain access to an array of wellness information and services. Enjoy up to 10,000 Olive Points
when you upgrade to an Olive VIP member(10)
Find out more at