Secure a worry-free retirement in just 5 years
Relax and rest easy with a steady monthly income stream in your retirement, with tax savings[@taxdeduction] on premiums paid during premium payment period.
HSBC EarlyIncome Deferred Annuity Plan is underwritten by HSBC Life, Hong Kong's no. 1 provider of new annuity business[@no1annuityprovider], and certified by the Insurance Authority as a qualifying deferred annuity policy (QDAP).
What's best for your insurance needs? Get tailored guidance from our Insurance Specialists today.
Key benefits
Long-term income in just 5 years
Pay the premiums for just 5 years, and you can build up a monthly retirement income stream that lasts up to the age of 99[@birthdaydefinition]
Superior financial flexibility
From the sixth policy year onwards, you can choose to receive a regular monthly income or leave your money to accumulate with interest; switch freely anytime
Enjoy tax relief
You can apply for a tax deduction[@taxdeduction] on premiums paid of up to HKD60,000 per assessment year. Learn more about tax-savings tips
Special offer – Enjoy a total of 20%8 off the annualised premium over the first 5 years
- Enjoy total premium discount equivalent to 20% of the annualised premium over the first 5 years, broken down as follows:
- 1st policy year: 4% off
- 2nd policy year: 4% off
- 3rd policy year: 4% off
- 4th policy year: 4% off
- 5th policy year: 4% off
Please note discount of premiums is not tax deductible. T&Cs apply.
How to apply
Eligibility
To apply for the HSBC EarlyIncome Deferred Annuity Plan, you'll need to meet both of these requirements:
- be aged[@birthdaydefinition] between 46 and 70, depending on the annuity period you select
- our criteria for nationality (country/region/territory), address and residency, which are subject to change at the time of your application
HSBC EarlyIncome Deferred Annuity Plan is a long-term participating life insurance product with a savings element underwritten by HSBC Life (International) Limited("HSBC Life"). It is not equivalent or similar to bank deposit. Policyholders are subject to HSBC Life's credit risk and early surrender loss.
Talk with us
Get personalised support from our Insurance Specialists. Book a face-to-face appointment.
HSBC Premier Elite or Premier customer?
Contact your Premier Elite Director or Relationship Manager. HSBC Premier customers can also call us on (852) 2233 3322.
Find out more
You may also be interested in
Retirement income, health, tax savings
Enjoy both steady retirement income and medical coverage, while enjoying tax deduction of up to HKD68,000[@insurance-vhis-flexi-taxcombo]!
HSBC Income Goal Deferred Annuity Plan
A qualifying deferred annuity plan that provides a flexible accumulation and annuity period, with 5 or 10 years of tax-deductible premium payments
HSBC Flourish Income Annuity Plan
An annuity plan with 3 years’ premium payment period and steady monthly annuity payments after 1 or 3 years for your retirement years.
Your policy at your fingertips
Get easy access to your policy details, future policy projections, make changes to your policies and more, all via online or mobile banking.
Important information for Qualifying Deferred Annuity Policy:
- Tax implication of Qualifying Deferred Annuity Policy (QDAP) - While this plan carries a Qualifying Deferred Annuity Policy (QADP) status, it does not guarantee that you will be eligible for a tax deduction on QDAP premiums you have paid. This plan's QDAP status is based on its product features and Insurance Authority (IA) certification—not necessarily your personal situation. Before you can claim any tax deductions, you must meet all eligibility requirements set out under the Inland Revenue Ordinance and follow guidance issued by the Inland Revenue Department (IRD) of Hong Kong SAR. Any general tax information provided is for your reference only, and you should not make any tax-related decisions based solely on such information. Please note that the actual tax benefits of this policy would depend on your personal tax position. There may not be tax deduction benefits if you are not subject to salaries tax and personal assessment in the relevant year of assessment. You should always consult with a professional tax advisor if you have any questions or doubts. Please note that the tax law, regulations and/or interpretations are subject to change and may affect any related tax benefits, including the eligibility criteria for a tax deduction. HSBC Life is not responsible for informing you about any changes in laws, regulations or interpretations, and how they may affect you. You can find more information about tax concessions applicable to QDAP on the IA website: www.ia.org.hk
- Certification of Qualifying Deferred Annuity Policy (QDAP) - Please note that Insurance Authority (IA) certification is not a recommendation or endorsement of the policy. It does not guarantee the commercial merits of the policy or its performance either. It does not mean that the policy is suitable for all policyholders, or that it is an endorsement of its suitability for any particular policyholder or class of policyholders. While the policy has been certified by the IA, it does not imply official recommendation. The IA does not take any responsibility for the contents of the offering documents of this policy, makes no representation as to its accuracy or completeness. The IA expressly disclaims any liability whatsoever for any loss arising from or reliant upon the whole or any part of the contents of the offering documents of this policy.