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Prime of Life

About to retire? Do you have enough savings for retirement? Now is the time to make sure! Find out how this plan can help you better prepare for your upcoming soon retirement.

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Prime of Life

Dream Chaser

Want to retire in your early 50s? You can make this dream a reality! Find out how this plan can help make your retirement dreams come true.

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Dream Chaser

Family Life

With only 1 Qualifying Deferred Annuity Policy ("QDAP"), it may not be enough to build a comfortable life after retirement, especially considering inflation. Find out how this plan can provide 3 benefits.

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Family Life
合資格延期年金保單

Qualifying Deferred Annuity Policy

PRURetirement Deferred Annuity Plan is a Qualifying Deferred Annuity Policy (“QDAP”) certified by the Insurance Authority. On top of giving you a stable annuity income in the form of 10 or 20 years of monthly annuity in the future,  you can enjoy a tax deduction on your qualifying premiums of up to HKD 60,000 for the plan per taxpayer each year if applicable. For more information on tax deductions, please refer to the Inland Revenue Department.

Benefits you can count on

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    Build your retirement fund flexibly

    Choose to pay your premiums over 5 or 10 years, then let them accumulate over 5, 10, 15, 20 or 30 years, and we will pay you a monthly annuity for 10 or 20 years

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    3 different death benefit settlement options to safeguard your family

    Choose how you would like us to pay the death benefit - as a lump sum, in monthly instalments or a mix of both (please refer to the Death Benefit Settlement Option leaflet below for details)

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    Smart Care Cover to help you and your family through difficult times

    Appoint your family member to receive a lump sum for immediate financial relief if you are unfortunately diagnosed with a specific covered disease

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    Financial protection against accidental death

    Pay an extra accidental death benefit if the person covered by the plan (i.e. life assured) passes away in an accident

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    Unemployment Cover

    Defer your premiums for a maximum of 365 days if you become unemployed in Hong Kong

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Premium payment periodAccumulation period (this starts as soon as you pay your first premium)Annuity periodBenefit termIssue age (ANB)Currency option

 

Minimum annual premium (rounded up to the nearest 10)

 

5 years

5 years

   20 years 

25 years46-75

    USD

USD 6,120
10 years30 years41-70USD 6,180
15 years35 years36-65USD 6,100
20 years40 years31-60USD 6,100
20 years

   10 years

30 years31-60USD 6,090
30 years40 years21-50USD 6,070

10 years

20 years

   10 years 

30 years

31-60

USD 3,060

30 years40 years21-50USD 3,040

Please also refer to our brochure on Shareholder-backed Participating Plans for more information including our investment and bonus philosophies and the operation of the Shareholder-backed Participating Fund.

During the sales process, this document should be read in conjunction with the relevant product brochure. For full terms and conditions, and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy document and read carefully.

PRURetirement Deferred Annuity Plan is underwritten by Prudential Hong Kong Limited (“Prudential”). You can always choose to take out this plan as a standalone plan without enrolling with other type(s) of insurance product at the same time. This document does not contain the full terms and conditions of this plan and is for reference only. It does not represent a contract between Prudential and anyone else. You should read carefully the risk disclosures and key exclusions (if any) contained in the product brochure. For further details and the full terms and conditions of this plan, please ask Prudential for a sample of the policy document.

Prudential has the right to accept or decline any application based on the information provided by the policyholder and/or life assured in the application.

Please cross your cheque and make it payable to “Prudential Hong Kong Limited”.

This document is for distribution in Hong Kong only. It is not an offer to sell or solicitation to buy or provide any insurance product outside Hong Kong. Prudential does not offer or sell any insurance product in any jurisdictions outside Hong Kong where such offering or sale of the insurance product is illegal under the laws of such jurisdictions.

 

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