Graceful Life Deferred Annuity Plan II

Benefit term: To age 108Public source · Checked: 13 Oct 2026Public source · Checked: 13 Oct 2026

Recorded features: Death benefit is subject to the policy terms. / Guaranteed cash value follows the policy schedule. / Dividends or bonuses may include non-guaranteed amounts. / Certified as a qualifying deferred annuity policy; tax deductions depend on eligibility.Public source · Checked: 13 Oct 2026

Accidental death benefit is capped at HKD500,000/USD62,500 per policy and HKD1m/USD125,000 in aggregate per insured across the insurer’s policies, subject to conditions.Public source · Checked: 13 Oct 2026

Premium payment terms: 5 years / 10 yearsPublic source · Checked: 13 Oct 2026Public source · Checked: 13 Oct 2026

Minimum premium & basis: HKD 18,000 / Annual / For the 10-year premium payment term.Public source · Checked: 13 Oct 2026Public source · Checked: 13 Oct 2026

Qualifying accidental total-and-permanent disability waives plan premiums from the first policy monthiversary after diagnosis under the stated conditions.Public source · Checked: 13 Oct 2026

Guaranteed / non-guaranteed components: Guaranteed cash value follows the policy schedule.Public source · Checked: 13 Oct 2026

Dividend / bonus types: Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: 13 Oct 2026

Guaranteed cash value follows the policy schedule.Public source · Checked: 13 Oct 2026

Dividends or bonuses may include non-guaranteed amounts.Public source · Checked: 13 Oct 2026

The accidental total-and-permanent-disability premium waiver requires continuous disability for at least 180 days from diagnosis, both dates inclusive.Public source · Checked: 13 Oct 2026

Accidental death and accidental-disability premium waiver exclude congenital illness/infirmity existing before application, war, self-injury/suicide and the other listed causes.Public source · Checked: 13 Oct 2026

Early surrender may return considerably less than total premiums paid.Public source · Checked: 13 Oct 2026

Signed written cancellation within 21 calendar days after the earlier policy or issuance-notice delivery refunds premiums and levy if no claim has been made.Public source · Checked: 13 Oct 2026

Insurer claims guide · Annuity

Annuity — Required documents: A Beneficiary Withdraw Annuity Benefit form is published; this is beneficiary benefit collection, not a universal annuity setup.Public source · Checked: 13 Oct 2026

1. First contact the insurer through its published complaint channel; retain its written reply.Public source · Checked: 12 Oct 2026

2. Insurance Authority: submit the signed complaint form with supporting documents by email, post or fax. It handles insurer/intermediary conduct; it cannot adjudicate claim disputes or order compensation. Eligible claim disputes can go directly to ICB; an IA referral requires the complainant’s consent.Public source · Checked: 13 Oct 2026

3. Insurance Complaints Bureau: eligible monetary disputes under personal policies with member insurers, up to HK$1,500,000. A policyholder, beneficiary, insured or rightful claimant must file within six months of notification of the insurer’s final decision. Industrial, commercial and third-party insurance and cases undergoing or having completed litigation/arbitration are excluded. Non-claim complaints exclude service quality, underwriting decisions, investment performance and levels of fees, premiums, charges or interest. Similar rejected claims across policies are aggregated; periodic/long-tail claims use a five-year total.Public source · Checked: 13 Oct 2026

ICB accepts written complaints by post, fax or email using its complaint form. Include policy and application documents, claim form, relevant evidence and the insurer’s final written decision; no reception counter service.Public source · Checked: 13 Oct 2026

IA QDAP certification evidence: Certified as a qualifying deferred annuity policy; tax deductions depend on eligibility.Public source · Checked: 13 Oct 2026