HKMC Annuity Plan

Product Type : Life Insurance

Insurer: HKMC Annuity Limited

HKMC Annuity Plan (the “Plan”) * is underwritten by HKMC Annuity Limited and is designed to provide you, as the annuitant, with a steady stream of GUARANTEED monthly annuity payments after paying a single premium. With this special feature, you can better plan your retirement life by turning your lump sum cash into a stable lifelong income stream.

We can now refer interested customers to HKMC Annuity Limited to conduct Financial Needs Analysis#.

Key Features of the Plan
Eligibility Criteria 

You can apply for the Plan if you

(i) hold a valid Hong Kong Permanent Identity Card; and

(ii) are 60 years old or above.

Policy Currency  HKD
Benefit Term Whole of Life 
Income Period  Whole of Life 
Premium Term  Single Premium 
Minimum Premium     HK$50,000   
Guaranteed Period  The period commencing from the premium start date of the policy during which guaranteed monthly annuity payments will be paid subject to the policy terms until the cumulative guaranteed monthly annuity payments paid reaches 105% of the premium paid.

*Customers who are interested to purchase the Plan must meet the eligibility criteria set out by HKMC Annuity Limited from time to time. The relevant terms and conditions are subject to the announcement and final approval of HKMC Annuity Limited. For details, please contact a Bank of China (Hong Kong) Limited licensed insurance intermediary. 

The Financial Needs Analysis aims to ascertain the suitability of the relevant retirement insurance solution provided by HKMC Annuity Limited to the customer, instead of by the agent bank.

Important Notes:

Bank of China (Hong Kong) Limited ("BOCHK") is an authorised intermediary of HKMC Annuity Limited.

HKMC Annuity Plan is underwritten by HKMC Annuity Limited. Apart from the sales representatives of HKMC Annuity Limited, HKMC Annuity Limited may appoint licensed insurance intermediary(ies) as the authorised intermediaries of HKMC Annuity Limited from time to time for referring interested customer to HKMC Annuity Limited to conduct a Financial Needs Analysis to ascertain the customer's suitability in subscribing to the Plan. You can call the Customer Service Hotline of HKMC Annuity Limited for details of HKMC Annuity Limited's authorised intermediaries.

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 you and an Agent Bank out of the selling process or processing of the related transaction, the Agent Bank is required to enter into a Financial Dispute Resolution Scheme process with you; however any dispute over the contractual terms of the Plan should be resolved between you and HKMC Annuity Limited directly.  

HKMC Annuity Limited is a wholly-owned subsidiary of The Hong Kong Mortgage Corporation Limited which, in turn, is wholly owned by the Hong Kong Special Administrative Region Government through the Exchange Fund. 

HKMC Annuity Limited is authorised and regulated by the Insurance Authority to carry on long term insurance business in or from the Hong Kong Special Administrative Region of the People’s Republic of China.

The information provided in this website is intended for eligible customers only.  It shall not be construed as an offer to sell or to provide any products of HKMC Annuity Limited outside Hong Kong.  HKMC Annuity Limited does not offer or sell any insurance products or other products or services in any other jurisdiction in which such offering or sale is illegal under the laws of such jurisdiction.  The content of this website is not legally binding.  

The Plan is subject to terms and conditions and all information provided herein is for reference only. HKMC Annuity Limited does not take any responsibility for updating the content and other aspects of this website.  Please refer to the latest versions of product leaflet and brochure on HKMC Annuity Limited’s website, for contact information of HKMC Annuity Limited and the details of the Plan (including the coverage and key features and risks, etc.). In the event of inconsistency between the information of this website and HKMC Annuity Limited’s website, the latter shall prevail.