Successfully apply to enjoy first-year premium discount.
FortuneLife Deferred Annuity Life Insurance Plan is a life insurance plan and is not a bank deposit. It is underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”). The Plan has been certified by the Insurance Authority (“IA”) as Qualifying Deferred Annuity Policy (“QDAP”). For more information about QDAP, please visit www.ia.org.hk.
FortuneLife Deferred Annuity Life Insurance Plan (“FortuneLife”) will provide a Monthly Guaranteed Annuity Income, during the Annuity Period. The Monthly Guaranteed Annuity Income, which will increase by a fixed amount each year.
Annual Guaranteed Bonus equivalent to the prevailing Monthly Guaranteed Annuity Income will be payable at the end of each Policy Year after the commencement of Annuity Period.
Special Guaranteed Bonus equivalent to 5 times of the prevailing Monthly Guaranteed Annuity Income will be payable at the end of every 10 completed Policy Years from and after the commencement of Annuity Period.
You may choose to receive Annuity Income in cash or to retain it in the Policy for accumulating interest, and reaping potential upside returns over a period of time.
During the Annuity Period, FortuneLife expects to pay a non-guaranteed Annual Dividend to your policy at each policy anniversary. You may accumulate these dividends in the policy account to earn interest or withdraw them for a fruitful life.
In the event of policy termination, a lump-sum non-guaranteed Terminal Dividend (if any) may become payable to you or the Beneficiary(ies), providing extra potential returns.
Enjoy tax deductions of up to HKD60,000 for the premium paid if you are taxpayer in Hong Kong. Tax savings can be up to HKD10,200 per taxpayer each year (assuming applicable tax rate is 17%).
If the Life Insured passes away while the policy is in force, the Beneficiary(ies) will receive a Death Benefit which helps relieve the financial burden.
Free Supplementary Benefits, including: Accidental Death Benefit, Accelerated Death Benefit and Unemployment Benefit.
As long as you are eligible for applying FortuneLife, you will not be required to undergo medical examination regardless of your underwriting history, occupation, health and financial status. Acceptance is guaranteed.
Find details on how to submit your claim and more.
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