Start planning today for your next prosperous chapter of life
Apply for PrimeLife Deferred Annuity Life Insurance Plan to enjoy up to 10% first-year premium discount.
PrimeLife Deferred Annuity Life Insurance Plan (“the Plan”) is a life insurance plan and is not a bank deposit. It is underwritten by Hang Seng Insurance Company Limited (“Hang Seng Insurance”).
Every stage of life could be a right time to plan for a fruitful retirement. “Hang Seng Insurance” specially designed the Plan. Besides offering flexible premium payment schedules, Annuity Income pay-out options and life protection, the Plan also offers Annual Guaranteed Bonus and Special Guaranteed Bonus, which let you reap the rewards of advanced planning and enjoy the kind of retirement you’ve always wanted. 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.
During the Annuity Period, the Plan will pay you Annuity Income which is made up of a Monthly Guaranteed Annuity Income and a Monthly Non-guaranteed Annuity Income (if any), Annual Guaranteed Bonus (if any) and Special Guaranteed Bonus (if any). The amount of Annual Guaranteed Bonus (if any) is equivalent to the Monthly Guaranteed Annuity Income, it is payable on each Policy Anniversary after the commencement of Annuity Period; the amount of Special Guaranteed Bonus (if any) is equivalent to five times of the Monthly Guaranteed Annuity Income, it is payable on the 10th and 20th Policy Anniversary after the commencement of Annuity Period.
The Plan provides flexible annuity options. Customers can choose among different payment terms and accumulation period to enjoy an Annuity Period of 20 years. Customers may choose to receive Annuity Income or to retain the Annuity Income in the Policy for accumulating interest, and reaping potential upside returns over a period of time.
As long as you are eligible for applying the Plan, regardless of your underwriting history, occupation, health and financial status, you will not be required to undergo medical examination and acceptance is guaranteed.
Free Supplemental Benefits, including: Accidental Death Benefit, Unemployment Benefit, and Terminal Illness Benefit
Find details on how to submit your claim and more.
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