Many see the general retirement age of 65 as something in the distant horizon. But living a longer life may no longer feel like a gift if it outpaces our ability to enjoy the lifestyle we've come to cherish.
As the countdown to your retirement continues, the time to plan ahead for a worry-free retirement is now. Our HSBC EarlyIncome Deferred annuity Plan can help you reap benefits today and tomorrow, so you can maintain the lifestyle you want.
EarlyIncome Deferred Annuity Plan is certified by the Insurance Authority as qualifying deferred annuity policy.
Enter a worry-free retirement with regular income
While you can receive a monthly income after just 5 years of payments, you can also opt to leave your proceeds in your plan to accumulate with interest during the annuity period.
Apply for a tax deduction1 of up to HKD60,000 for a particular fiscal year on premiums paid under a salaries tax and personal assessment with the Inland Revenue Department (IRD) if you're a taxpayer in Hong Kong.
HSBC EarlyIncome Deferred Annuity Plan is a long-term participating life insurance product with a savings element underwritten by HSBC Life (International) Limited. It is not equivalent or similar to any kind of bank deposit. Policyholders are subject to HSBC Life's credit risk and early surrender loss. For details, please refer to the product brochure.
HSBC Life - The no. 1 provider of new annuity business in Hong Kong2
Well-placed to attend to the broad spectrum of customers’ retirement needs.
Speak with us
Book an appointment for face-to-face or video-enabled meeting:
HSBC Jade and Premier customers
Contact your Relationship Manager
Limited time offers:
Get up to 10% off your first year premium
Get a 8% off your first-year premium, with an extra 2% if you apply together with VHIS Flexi.
Offer ends 31 March 2022. T&Cs apply.
Earn up to an extra $6,000 RewardCash!
Pay new policy’s premium to HSBC Life with HSBC Premier Mastercard® Credit Card* to enjoy the offer.
Offer ends 30 June 2022. T&Cs apply.
Get more peace of mind with supplementary benefits
How does it work
Are you eligible?
To apply, you need to:
- be aged4 between 46 and 70 years (depending on the annuity period selected)
- meet our criteria for nationality (country/region/territory), address and residency (subject to change at the time of your application)
Additional information
You may also be interested in
HSBC Income Goal Deferred Annuity Plan
Pay for 5 or 10 years and receive a monthly retirement income for 10, 15 or 20 years after the accumulation period and a potential tax deduction in Hong Kong.
T&Cs apply.
HSBC Flourish Income Annuity Plan
Receive monthly annuity payments after the accumulation period and paying premiums for 3 years. Enjoy an annuity period of up to 25 years or age 99, with a choice of adding Dementia Protection to your policy.
T&Cs apply.
Savings insurance plans
Explore the list of plans to help you on saving and prepare for a promising future.
The above plans are life insurance plan underwritten by HSBC Life (International) Limited. Policyholders are subject to the credit risk of HSBC Life and early surrender loss.
Manage your policy
Manage your policy online
Access your policy details anytime, anywhere on both your HSBC HK Mobile Banking app and our Personal Internet Banking webpage, so you can check your benefits and coverage, premium due dates, projected future values and much more at your fingertips.
You can also request for a dividends and/or bonus withdrawal from your policy (if applicable) and submit other service requests on our Personal Internet Banking webpage.
Make a claim
Sometimes life doesn’t go according to plan and you’ll want to make an insurance claim as soon as possible.
Simply call our Tele-Consultants at (852) 3128 0122 who will assist you in preparing your relevant claim request(s).
Important information for Qualifying Deferred Annuity Policy:
- Tax implication of Qualifying Deferred Annuity Insurance Policy - The Qualifying Deferred Annuity Policy (“QDAP”) status of Deferred EarlyIncome does not guarantee that you will be eligible for a tax deduction for QDAP premiums you have paid. Deferred EarlyIncome’s QDAP status is based on the features of the product as well as its certification by the Insurance Authority (“IA”); not necessarily matters regarding your personal situation. Before claiming any tax deductions, you must meet all eligibility requirements set out under the Inland Revenue Ordinance, while following the guidance issued by the Inland Revenue Department of the Hong Kong SAR. Any general tax information provided is for your reference only, and you should not make any tax-related decisions based on such information alone. Please note that the actual tax benefits of this policy would depend on your personal tax position and there might not be tax deductions 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. The Company is not responsible for informing you about any changes in laws, regulations or interpretations, and how they may affect you. Further information regarding tax concessions applicable to QDAP may be found at the webpage of the IA: www.ia.org.hk.
- Certification of QDAP – Please note that IA’s certification is not a recommendation or endorsement of the policy nor does it guarantee the commercial merits of the policy or its performance. It does not mean the policy is suitable for all policyholders nor is it an endorsement of its suitability for any particular policyholder or class of policyholders. The policy has been certified by the IA but such certification does not imply official recommendation. The IA does not take any responsibility for the contents of the product brochure of the policy, makes no representation as to its accuracy or completeness, expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of the product brochure of the policy.
*To borrow or not to borrow? Borrow only if you can repay!
Disclaimer
HSBC EarlyIncome Deferred Annuity Plan is a life insurance plan underwritten by HSBC Life (International) Limited (“HSBC Life”) which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.
HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent authorised by HSBC Life. This product is a product of HSBC Life but not HSBC and it is intended only for sale through HSBC in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.
In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly.