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In Hong Kong, the Insurance Authority has introduced the Qualifying Deferred Annuity Policy (“QDAP”) to help encourage people to make more voluntary retirement savings contributions and create long-term stability. With QDAP, you1 can apply for a tax deduction of up to HKD60,0002 per taxpayer each year of assessment for the premiums paid with minimum premium payment period of 5 years. Ultimately, the more you save, the bigger the potential for growth over time, which will help provide greater peace of mind in your retirement years.
Our Foresight Deferred Annuity Plan is a QDAP certified by the Insurance Authority that helps you save more for retirement through tax deductions. The plan provides stable annuity payments and a promising growth potential up to age 100, helping you to achieve your retirement goals and lifelong financial security.
The above information is a product summary only and does not contain the full terms and benefits of the policy, please contact your Advisor for details. Please refer to the product brochure and sample Policy Document for details including definitions and full terms and conditions including key product risks. If there is any conflict between the Policy Document and this product summary, the Policy Document shall prevail.
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