Whether you are raising a family and are far from retirement, or if you are middle aged and looking to invest your savings with more certainty, HSBC Income Goal Deferred Annuity Plan (“Deferred Income Goal”) offers a deft combination of payment and annuity options that empower you to enjoy your senior years on your terms.

It’s a matter of good timing – enrolling now with Deferred Income Goal is superb, but being able to benefit tomorrow with this same plan is even better.

Key features

Deferred Income Goal is a deferred annuity insurance policy offering features certified by the Insurance Authority (“IA”) to be compliant with its Guideline on Qualifying Deferred Annuity Policy2

Deferred Income Goal is a long-term participating life insurance product with a savings element and is not equivalent or similar to any kind of deposit. It is a deferred annuity insurance policy offering features certified by the IA to be compliant with its Guideline on Qualifying Deferred Annuity Policy.

You can receive below benefits until the end of the policy term: 

  • Stability - Receive steady annuity payments* in the form of a Monthly Annuity Payment3 for 10 years to suit your evolving needs and achieve your personal aspirations. A Special Bonus4 may be declared at the commencement of annuity period and accumulated with interest (if any) in your policy.
  • Satisfaction - Enjoy the flexibility of tailoring your retirement income by creating a monthly stream of payments or accumulate as a lump-sum retirement amount that suits your desired lifestyle.
  • Security - Protect against life’s uncertainties to help you fulfil your promise to your loved ones with a Death Benefit in the unfortunate event of your passing.
  • Savings - If you are a taxpayer in Hong Kong, you can apply for tax deduction under salaries tax and personal assessment with Inland Revenue Department from your premiums paid with an allowance of up to HKD60,000 for a particular fiscal year2. For details, please refer to the “Important information for Qualifying Deferred Annuity Policy” section.

* Annuity payments include both a guaranteed annuity payment and a non-guaranteed annuity payment (if any). Please refer to the “Example” and “Product Summary” sections in Product Brochure for details.

Product Discount Offer

Enjoy at least 7% discount off first year premium upon successful application for HSBC Income Goal Deferred Annuity Plan.

This offer is valid from 16 September to 5 October 2019. Promotional terms and conditions apply. Please visit branch for details.

Need to make a claim?

Fax us with the completed claim form.

A couple is dancing

Enjoy tax deduction benefit while you save for your retirement.

Additional benefits

More benefits from Deferred Income Goal

Whatever your desired retirement style, these plans provide you the following supplementary benefits5 (also known as “rider”) during the policy term, subject to eligibility, with no additional premiums. These benefits protect you against unexpected events along your life journey.

  1. Additional accidental death cover6
  2. Terminal illness benefit6
  3. Unemployment benefit7

 

Please refer to the respective Policy Provisions of the Supplementary Benefits5 for their detailed terms and conditions and relevant exclusions. 

HSBC Income Goal Deferred Annuity Plan video

Whether you are raising a family and are far from retirement, or if you are middle aged and looking to invest your savings with more certainty, HSBC Income Goal Deferred Annuity Plan offers a deft combination of payment and annuity options that empower you to enjoy your senior years on your terms.

Manage your policy

Manage your policy online

At HSBC, we understand life never stands still. Which is why you can make changes to your policy online anytime.

 

It's easy to:

  • check or review your policy details
  • change premium payment instructions, including your premium payment account, payment method or payment frequency
  • request for withdrawal from dividends or cash bonus of selected life policies and select your preferred settlement option

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).

Have you considered

 
about HSBC EarlyIncome Deferred Annuity Plan

Saving up for your retirement whilst apply for tax deduction on premium paid for the plan under salaries tax and personal assessment with Inland Revenue Department.


Note: Tax deduction is at Inland Revenue Department’s discretion. HSBC EarlyIncome Deferred Annuity Plan is a long-term participating life insurance product with a savings element and is not equivalent or similar to any kind of deposit.

 
about Goal Access Universal Life Plan

Needs and goals can change as you move through life. Our life insurance plan with a savings element that can adapt to help you at each and every stage.

 

Note: Goal Access Universal Life Plan (Protection) is not equivalent or similar to any kind of deposit.

Important information for Qualifying Deferred Annuity Policy:

  • Tax implication of Qualifying Deferred Annuity Insurance Policy - The Qualifying Deferred Annuity Policy (“QDAP”) status of Deferred Income Goal does not guarantee that you will be eligible for a tax deduction for QDAP premiums you have paid. Deferred Income Goal’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.

 

Disclaimer

  • HSBC Income Goal Deferred Annuity Plan s underwritten by HSBC Life (International) Limited (referred to the Company) which is authorised and regulated by the Insurance Authority (IA). The Hongkong and Shanghai Banking Corporation Limited (referred to as "HSBC") is an insurance agent authorised by the Company.
  • Policyholder's  benefit is subject to the credit risk of the Company. Your premiums paid will form part of the Company's assets. You do not have any rights or ownership over any of those assets. Your recourse is against the Company only.
  • 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. 
  • Past, current, projected and / or potential benefits and / or returns (e.g. bonuses, dividends and interest) presented herein are not guaranteed and are for illustrative purposes only. The actual future amounts of benefits and / or returns may be lower than or higher than the currently quoted benefits and / or returns.
  • For monetary disputes arising between HSBC and you out of the selling process or processing of the related transaction, HSBC will enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the product should be resolved between the Company and you directly.
  • Please refer to the respective product brochure for detailed features and the Policy Provisions for the detailed terms and conditions.

1 Application for Deferred Income Goal is subject to our relevant requirements on your nationality and/or addresses and/or residency as determined by us from time to time.

2 Tax deduction under salaries tax and personal assessment with Inland Revenue Department from premiums paid under Deferred Income Goal shall be subject to your individual circumstances. It is also at Inland Revenue Department’s discretion when your premiums are paid over the premium payment period. Please refer to the “Key Risks - Tax implication of Qualifying Deferred Annuity Insurance Policy” section in respective Product Brochure for details regarding key risk factors.

3 Monthly Annuity Payment means Monthly Guaranteed Annuity Payment plus Monthly Non-guaranteed Annuity Payment, if any. Monthly Non-guaranteed Annuity Payment is not guaranteed and is determined by the Company from time to time.

4 The amount of Special Bonus, if any, is not guaranteed and subjected to our absolute discretion.

5 An amendment to an insurance policy that becomes a part of the insurance contract which expands or limits the benefits payable.

6 Additional Accidental Death Benefit and Terminal Illness Benefit will terminate when the Life Insured attains the age9 of 80 or 65 respectively or payout of the relevant benefits or the Policy is terminated (whichever is earlier). Your policy will terminate once we pay this benefit.

7 Unemployment Benefit is applicable to policyholder age9 between 41 and 64 who is the holder of the Hong Kong Identity Card. The benefit will terminate on the policy anniversary at which the policyholder attains the age9 of 65 or all due premiums have been paid or your policy is terminated (whichever is the earliest).

For the same Life Insured, if the total premiums of all the pending Guaranteed Approval / Simplified Underwriting Applications and in-force policies of RetireEnrich Protection Plus, RetireIncome Annuity Plan, HSBC Wealth Goal Insurance Plan, EarlyIncome Annuity Plan, HSBC EarlyIncome Deferred Annuity Plan, Income Goal Insurance Plan and HSBC Income Goal Deferred Annuity Plan are:

  • more than the “guaranteed approval” limit of HKD40,000,000 / USD5,000,000, the Life Insured is required to complete a number of simple health questions; or
  • more than the simplified underwriting limit of HKD70,000,000 / USD8,750,000, the application will be further reviewed by the Company, and the acceptance of the application will be subject to the company’s discretion.

9 We consider your age to be how old you are on your next birthday. So, if you are 54 with a birthday in 6 months’ time, we consider you to be 55.