Life Insurance
Retirement Planning
When it comes to planning for your golden years, don’t leave it to chance. Insurance plans suited for retirement provide stable returns and protection coverage. Here are the available plans for you:
Qualifying Deferred Annuity Policy
AIA Deferred Annuity Plan 2 is a Qualifying Deferred Annuity Policy (“QDAP”) which provides potential return and reliable annuity income stream with issue age up to 70. No matter you are 18 or 70 years old, AIA Deferred Annuity Plan 2 is designed to help you build the nest egg you need by converting your savings into a steady stream of annuity income to cover daily expenses when you retire.
Learn more on AIA Deferred Annuity Plan 2Stable returns to realise your ambition
AIA Simply Love Encore 5 provides stable returns in the form of guaranteed cash value, as well as non-guaranteed dividends that can potentially accelerate your long-term wealth accumulation.
Learn more on AIA Simply Love Encore 5Wealth Accumulation with Guaranteed Returns
AIA Fortune Promise 2 is a participating whole-life insurance plan that only requires a one-time premium payable in a lump sum while covering the entire lifespan of the insured. The plan provides you with guaranteed cash value, enabling you to accumulate wealth for future prosperity that you can enjoy with your family. It also helps you prepare for your retirement years and beyond. In addition, non-guaranteed Annual Dividends (if any) and non-guaranteed Terminal Dividend (if any), all of which form your policy values.
Learn more on AIA Fortune Promise 2Guaranteed Annual Income
AIA Spring Income Plan is a participating insurance plan that provides you guaranteed cash value, guaranteed death value, guaranteed annual income, non-guaranteed Annual Dividends (if any) as well as non-guaranteed Terminal Dividend (if any).
Learn more on AIA Spring Income Plan
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Qualifying Deferred Annuity Policy
AIA Deferred Annuity Plan 2 is a Qualifying Deferred Annuity Policy (“QDAP”) which provides potential return and reliable annuity income stream with issue age up to 70. No matter you are 18 or 70 years old, AIA Deferred Annuity Plan 2 is designed to help you build the nest egg you need by converting your savings into a steady stream of annuity income to cover daily expenses when you retire.
Key Features
- Success Stable returns for retirement
- Success 5-year premium payment term
- Success Your choice of annuity payment arrangement for your retirement
- Success Benefit received when policy matures
- Success If the worst should happen
- Success Terminal Illness Protection
- Success Delay premium payments in case of unemployment
| Stable returns for retirement |
AIA Deferred Annuity Plan 2 is a participating insurance plan that provides guaranteed cash value and Monthly Annuity Payment for retirement. The Monthly Annuity Payment is comprised of both guaranteed and non-guaranteed portions. You can specify a person to become the annuitant, who is the person to receive the Monthly Annuity Payment during the 10 years Annuity Period and who is also the insured under the policy. You may choose for the annuitant to start receiving Monthly Annuity Payment at age 50, 55, 60, 65, 70 or 75 (i.e. the Annuity Payment Start Age). The payment is under level pattern which means a fixed amount of guaranteed Monthly Annuity Payment will be paid monthly during the Annuity Period, giving the annuitant greater stability during retirement. Alternatively, you may choose to accumulate the Monthly Annuity Payment in your policy to potentially gain interest for your withdrawal later. If no annuity payment option has been chosen by you, AIA will pay the Monthly Annuity Payment to the annuitant monthly during the Annuity Period. You can change your annuity payment option without additional charge. Also, once the policy has been in force for a year, AIA may provide you with a one-off non-guaranteed cash amount (if any) called a Terminal Dividend upon the occurrence of the earliest of the following:
Monthly Annuity Payment is comprised of both guaranteed Monthly Annuity Payment and non-guaranteed Monthly Annuity Payment (if any). During the Annuity Period, the guaranteed cash value of this plan will decrease when the guaranteed Monthly Annuity Payment begins while non-guaranteed Monthly Annuity Payment (if any) will be credited into your policy on a monthly basis. Both the non-guaranteed Terminal Dividend (if any) and the non-guaranteed Monthly Annuity Payment (if any) are a share of divisible surplus (if any) from this insurance plan and related participating insurance plans. |
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| 5-year premium payment term | AIA Deferred Annuity Plan 2 is denominated in US dollars, the minimum annual premium is US$4,800. With a 5-year premium payment term, the premium amounts are guaranteed to remain stable throughout the entire period of your premium payment term. |
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| Your choice of annuity payment arrangement for your retirement | AIA Deferred Annuity Plan 2 offers Annuity Period of 10 years and allows you to select the Annuity Payment Start Age, helping you to take control of the retirement life you deserve. To provide you with a greater flexibility, you may apply to change the Annuity Payment Start Age once during the following period:
The values of subsequent guaranteed Monthly Annuity Payment, non-guaranteed Monthly Annuity Payment (if any), guaranteed cash value and non-guaranteed Terminal Dividend (if any) will be adjusted according to your newly selected Annuity Payment Start Age. Different premium payment modes (annually, semi-annually, and monthly) are available for this plan. You can decide the amount of guaranteed Monthly Annuity Payment at the time of your application. The amount of non-guaranteed Monthly Annuity Payment (if any) may fluctuate during the Annuity Period. AIA will deduct all outstanding debt under the policy before AIA make any payments, including Monthly Annuity Payment, surrender benefit, maturity benefit, death benefit and Terminal Illness Benefit. |
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| Benefit received when policy matures | Provided that the insured is alive at the end of the benefit term, the policy will mature and AIA will pay you any accumulated Monthly Annuity Payment with any interest accrued (if accumulation has been chosen as the annuity payment option of Monthly Annuity Payment) in a lump sum. |
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| If the worst should happen | If the insured passes away, AIA will pay the Death Benefit to the person whom you select in your policy as beneficiary in a lump sum. The amount of death benefit will be calculated according to the table below.
Instead of the above lump sum payment as Death Benefit, you can choose in advance during the insured’s lifetime to allow the beneficiary to receive any unpaid Monthly Annuity Payment commencing from the insured’s death (provided the death of the insured occurs on or after the commencement of the Annuity Period) until the end of the Annuity Period as Death Benefit. If there is any accumulated Monthly Annuity Payment accrued before the insured passes away, such amount with any interest will be paid in a lump sum to the beneficiary upon the insured’s death. In all of the cases above, AIA will deduct all outstanding debt under your policy before AIA makes the payment of death benefit to the beneficiary. ^ Total premiums paid refers to the total amount of premium(s) due and paid. For policy with premium prepayment, the prepaid premium will be credited to your future premium deposit account and accumulate at the prevailing non-guaranteed interest rate on daily basis. The prepaid premium in future premium deposit account will not be included in the total premiums paid. You can withdraw the full amount of the prepaid premiums including any interest accumulated from the future premium deposit account at any time without any charges. |
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| Terminal Illness Protection | AIA Deferred Annuity Plan 2 also helps alleviate the financial burden of medical expenses by providing the Terminal Illness Benefit. In the unfortunate event that the insured is diagnosed with a terminal illness and is expected to pass away within 12 months due to the terminal illness, AIA will pay you a one-off advance payment of the death benefit. |
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| Delay premium payments in case of unemployment | Unemployment may cause a significant impact on your finances. Hence, the Unemployment Benefit helps ease your financial burden during tough times while keeping the insured protected, even if life takes an unexpected turn. Subject to terms and conditions and AIA’s approval, if you as the policy owner are laid off and become involuntarily unemployed during the premium payment term of your basic plan, you may claim for the Unemployment Benefit. Once it is approved, the grace period for late premium payment under the basic plan and any add-on plans will be extended from 31 days up to 365 days to give you a safe buffer. Your Unemployment Benefit claim needs to be submitted within 30 days of your involuntary unemployment. The Unemployment Benefit is available once per policy and relevant proof is required. |
AIA Deferred Annuity Plan 2 is a qualifying deferred annuity policy where you can apply to deduct your premiums paid from your annual taxable income (if eligible). This means if you are taxpayer in Hong Kong, you can apply for tax deduction of up to HK$60,000* per taxpayer each year which may allow you to plan ahead to grow wealth for your retirement while also enjoying a tax deduction.
* HK$60,000 is the maximum tax deductions per taxpayer per year for qualifying annuity premiums and MPF tax deductible voluntary contributions. For details on tax deductions, please visit the website of Inland Revenue Department (IRD) of HKSAR or contact IRD for tax related enquiries. You can also consult your tax and accounting advisors for tax advice.
Please refer to product brochure and Additional Important Facts for details including “Key Product Risks”, “Warning Statement” and “Additional Important Facts”.
Stable returns to realise your ambition
AIA Simply Love Encore 5 provides stable returns in the form of guaranteed cash value, as well as non-guaranteed dividends that can potentially accelerate your long-term wealth accumulation.
Key Features
- Success Life protection with stable returns
- Success Change of Insured Option and Contingent Insured Option to pass your legacy across future generations unlimitedly
- Success Unemployment Benefit for extra flexibility during tough times (applicable for a 5-year or 10-year premium payment policy only)
- Success Flexible premium payment terms
- Success Terminal Dividend Lock-in Option to realise potential returns
- Success Death Benefit Settlement Option to allow for flexible legacy planning
- Success Simply apply with no medical examination required
| Life protection with stable returns | Simply Love Encore 5 provides guaranteed cash value, non-guaranteed Annual Dividends (if any) and non-guaranteed Terminal Dividend (if any). If the insured passes away and no contingent insured has become the new insured, AIA will pay the death benefit to the person whom you select in your policy as beneficiary. The death benefit will include the higher of:
plus
All outstanding debt under the policy will be deducted before making the above payment to the beneficiary. In addition to the death benefit, if the insured passes away due to a covered accident within the first 12 months of the policy, the accidental death benefit will equal the total premiums paid or one-time premium paid (if applicable) for the basic plan. The maximum aggregate amount of the accidental death benefit with respect to the same insured under all Simply Love Encore 5 polices is US$100,000 / HK$750,000 and the benefit payable under each policy will be prorated according to its total premiums paid or one-time premium paid (if applicable) for the basic plan. |
| Terminal Dividend Lock-in Option to realise potential returns | Through the Terminal Dividend Lock-in Option, Simply Love Encore 5 enables you to realise potential returns by transferring the latest value of the non-guaranteed Terminal Dividend into a Terminal Dividend Lock-in Account to earn interest at a non-guaranteed rate. This is available once per policy year, starting from the end of the 15th policy year. To provide further flexibility for your financial needs throughout various life stages, subject to AIA ’s rules and regulations, you can also withdraw cash from the Terminal Dividend Lock-in Account anytime without reducing the principal amount of your policy, where the principal amount is used to calculate the premium and relevant policy values and will not be payable as death benefit. Any balance of your Terminal Dividend Lock-in Account may accumulate at a non-guaranteed accumulation interest rate that may be declared by AIA from time to time. |
| Change of Insured Option and Contingent Insured Option to pass your legacy across future generations unlimitedly | During the lifetime of the current insured after the end of the 1st policy year, the Change of Insured Option allows you to change the insured to another loved one, in whom you and the beneficiary have insurable interest. That way, the value of your policy can be inherited by later generations, adding extra flexibility to your legacy planning. With the Contingent Insured Option, during the lifetime of the current insured, you can designate another loved one as a contingent insured, in whom you and the beneficiary have insurable interest. There is no limit on the number of times you can designate, modify or remove a contingent insured, as long as it is done during the lifetime of the current insured, but you may only have one contingent insured per policy at any time during the benefit term. Upon the passing of the current insured, the contingent insured may become the new insured without affecting your policy values so as to protect your legacy for the next generation. You may change the insured under the Change of Insured Option and / or the Contingent Insured Option as many times as you wish, subject to AIA’s approval. |
| Death Benefit Settlement Option to allow for flexible legacy planning | During the lifetime of the insured, you can select specific benefit amounts to be paid to your beneficiary at regular intervals chosen by you, provided that the total annual payment is equal to at least 2% of the sum of the death benefit and accidental death benefit. The remaining amount of benefits will be left with AIA to accumulate interest at a non-guaranteed interest rate determined by AIA, until the full amount of benefits has been paid to the beneficiary. The Death Benefit Settlement Option is not available if the sum of the death benefit and accidental death benefit payable is less than US$50,000*. *If the policy is issued in a currency other than US$, the amount would be available in the respective policy currency and the prevailing exchange rate will be used to calculate the above amount. |
| Unemployment Benefit for extra flexibility during tough times (applicable for a 5-year or 10-year premium payment policy only) | Unemployment may cause a significant impact on your finances. To help ease your financial burden while keeping the insured protected, you may claim for the Unemployment Benefit if you are laid off and become involuntarily unemployed during the premium payment term of the basic plan. Once your application approved, the grace period for late premium payment under the basic plan and any add-on plans will be extended from 31 days up to 365 days. The Unemployment Benefit is available once per policy and relevant proof is required. |
| Simply apply with no medical examination required | No medical examination is required for your application as long as the total annual premiums or one-time premium payment (if applicable) does not exceed the aggregate limit set for each insured, subject to AIA’s prevailing rules and regulations. |
| Flexible premium payment terms | With Simply Love Encore 5, you can select from three premium payment terms according to your personal financial needs. You can choose a one-time premium payment, or you can spread payments over a 5-year or 10-year period. |
This is a participating life insurance product underwritten by AIA International Limited (Incorporated in Bermuda with limited liability)
Please refer to product brochures for details including “Key Product Risks”, “Key Exclusions to Accidental Death Benefit”, “Note for Unemployment Benefit for a 5-year or 10-year premium payment policy”, “Warning Statement” and “Additional Important Information”.
Long-term wealth accumulation Long-term Capital Growth with Life Protection
AIA Fortune Promise 2 is a participating whole-life insurance plan that only requires a one-time premium payable in a lump sum while covering the entire lifespan of the insured. The plan provides you with guaranteed cash value, enabling you to accumulate wealth for future prosperity that you can enjoy with your family. It also helps you prepare for your retirement years and beyond. In addition, non-guaranteed Annual Dividends (if any) and non-guaranteed Terminal Dividend (if any), all of which form your policy values.
Key Features
- Success Stable returns to realise your ambition
- Success Choice of Death Benefit Settlement Option, either in a lump sum payment or in regular instalments to be paid to your beneficiary
- Success Additional accidental death benefit
- Success One-time payment for whole life protection
- Success Realise potential returns with the Terminal Dividend Lock-in Option
- Success Easy to join
| Stable returns to realise your ambition |
The plan’s guaranteed cash value enables you to accumulate wealth for future prosperity that you can enjoy with your family. It also helps you prepare for your retirement years and beyond. Once the policy has been in force for 2 years, we will provide you with a non-guaranteed cash amount distributed on a yearly basis, called Annual Dividends (if any). You may choose to receive the non-guaranteed Annual Dividends in cash, or leave them to accumulate in your policy, potentially earning interest. Once the policy has been in force for 2 years, we will also provide you with a one-off non-guaranteed cash amount, called a Terminal Dividend (if any), if:
Payment of the Terminal Dividend is not guaranteed. We determine the amount at our sole discretion and may be zero. The non-guaranteed Terminal Dividend (if any) does not form a permanent addition to the policy and it may be increased or decreased at subsequent declarations. |
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| Realise potential returns with the Terminal Dividend Lock-in Option | Through the Terminal Dividend Lock-in Option, Fortune Promise 2 helps you to realise potential returns by transferring a percentage of the latest value of the non-guaranteed Terminal Dividend (if any) into a Terminal Dividend Lock-in Account to earn interest at a non-guaranteed rate. This is available once per policy year, starting from the end of the 15th policy year. To provide further flexibility for your financial needs throughout various life stages, subject to our rules and regulations, you can also withdraw cash from the Terminal Dividend Lock-in Account anytime without reducing the principal amount of your policy, where the principal amount is used to calculate the premium and relevant policy values and will not be payable as death benefit. Any balance of your Terminal Dividend Lock-in Account may accumulate at a non-guaranteed accumulation interest rate that may be declared by us from time to time. |
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| Choice of Death Benefit Settlement Option, either in a lump sum payment or in regular instalments to be paid to your beneficiary | If the insured, who is the person protected under the policy, passes away, AIA will pay the death benefit to the person whom you select in your policy as beneficiary. The death benefit will include:
Plus any remaining balance of the Terminal Dividend Lock-in Account (if applicable). The percentage of your one-time premium paid that may be payable under your death benefit will differ by policy year, as shown in the table below:
AIA will deduct all outstanding debt (if any) under your policy before it makes the payment to the beneficiary. During the lifetime of the insured, you can select specific benefit amounts to be paid to your beneficiary at regular intervals chosen by you, provided that the total annual payment is at least equal to 2% of the sum of the death benefit and accidental death benefit, subject to AIA’s prevailing rules. The remaining amount of benefits will be left with insurer to accumulate interest at a non-guaranteed interest rate determined by them, until the full amount of benefits has been paid to the beneficiary. The Death Benefit Settlement Option is not available if the sum of the death benefit and accidental death benefit payable is less than US$50,000. |
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| Additional accidental death benefit | In addition to the death benefit, if the insured passes away due to a covered accident within the first 36 months of the policy, the accidental death benefit will be equal to 15% of the one-time premium paid for your basic plan. The maximum aggregate amount of the Accidental Death Benefit with respect to the same insured under all Fortune Promise 2 policies is US$150,000 and the benefit payable under each policy will be prorated according to its one-time premium paid for your basic plan. |
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| Easy to join | No medical examination is required for your application as long as the one-time premium payment does not exceed the aggregate limit set for each insured, subject to AIA’s prevailing rules and regulations. |
This is a participating life insurance product underwritten by AIA International Limited (Incorporated in Bermuda with limited liability)
Please refer to product brochures for details including “Key Product Risks”, “Key Exclusions to Accidental Death Benefit”, “Warning Statement” and “Additional Important Information”.
Guaranteed Annual Income
AIA Spring Income Plan is a participating insurance plan that provides you guaranteed cash value, guaranteed death value, guaranteed annual income, non-guaranteed Annual Dividends (if any) as well as non-guaranteed Terminal Dividend (if any).
Key Features
- Success Stable returns for a brighter future
- Success Short premium payment terms for a prompt income
- Success Guaranteed annual income
- Success Life Protection
- Success Benefit received when policy matures
- Success Easy to join
- Success US dollars or HK dollars as policy currency
| Stable returns for a brighter future | Provides you with guaranteed cash value, guaranteed death value, guaranteed annual income, as well as non-guaranteed Annual Dividends (if any). Once the policy has been in force for 5 years or more, it will also provide you with a one-off non-guaranteed Terminal Dividend (if any) if:
You may also choose to receive the guaranteed annual income and non-guaranteed Annual Dividends (if any) in cash or allow these sums to accumulate in your policy with potential interest (if any), and withdraw them at any time on or before the maturity of your policy in a lump sum. |
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| Short premium payment terms for a prompt income | You can choose a one-time premium payment, or you can spread payments over a 3-year or 5-year period and receive the guaranteed annual income from the end of the policy year after the policy paid up, until the end of the income period (the income period is the period during which you will receive guaranteed annual income). |
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| Guaranteed annual income | Offers guaranteed annual income throughout the income period.
You can also choose to receive your guaranteed annual income under the level mode or the increasing mode when applying for this plan:
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| Life Protection | If the insured passes away within the first 3 policy years (for one-time premium payment policy) / prior to the commencement of the Income Period (for 3-year or 5-year premium payment policy)
If the insured passes away after the end of the 3rd policy year (for one-time premium payment policy) / after the start of the income period (for 3-year or 5-year premium payment policy), but before the policy matures
If the insured passes away due to a covered accident within the first 3 policy years (for one-time premium payment policy)/ prior to the commencement of the Income Period (for 3-year or 5-year premium payment policy), AIA Spring Income Plan also pays an additional benefit equal to the total annual premiums paid for the basic plan with no extra premium loading. The maximum aggregate amount payable relating to this benefit is US$1,000,000 / HK$7,500,000 taking into account all policies issued with any benefit of a similar nature paid or payable for the same insured. |
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| Benefit received when policy matures | At the end of the benefit term, the policy will mature and a maturity benefit will be paid to you. This benefit will include:
AIA will deduct all outstanding debt under your policy before making payment to you and provided that the insured lives till the end of the benefit term. |
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| Easy to join | No medical examination is required, subject to the prevailing rules and regulations |
This is a participating life insurance product underwritten by AIA International Limited (Incorporated in Bermuda with limited liability)
Please refer to product brochure for details including “Key Product Risks”, “Key Exclusions to Accidental Death Benefit”, “Warning Statement”, and “Additional Important Information”.
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Explore other Life Plans
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