- Policy currencies
- USD
- Premium payment terms
- 5 years
Prosperous Deferred Annuity Plan 2
Last checked
At a glance
- Insurer
- Chow Tai Fook Life Insurance Co Ltd
- Product category
- QDAP annuity
- Policy currencies
- USD
- Premium payment terms
Premium payment terms (2)
Premium payment terms 5 years 9 years - Issue ages & basis
Issue ages & basis (3)
Issue ages & basis Recorded information Premium payment terms / Age basis 40 years to 68 years Applicable option / payment term: 10-year accumulation.
Age basis: Not confirmed30 years to 60 years Applicable option / payment term: 20-year accumulation.
Age basis: Not confirmed20 years to 50 years Applicable option / payment term: 30-year accumulation.
Age basis: Not confirmed- Minimum premium & basis
- USD 24,000 / Total
- Death benefit is subject to the policy terms.
- Guaranteed cash value follows the policy schedule.
- Dividends or bonuses may include non-guaranteed amounts.
Decision sheet
10 of 14 known · 4 not published · 0 not yet checked
- What it pays and when
Benefit term: Until the annuity period endsPublic source · Checked: Public source · Checked:
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:
- Benefit limits
Third-party worldwide emergency assistance has a maximum benefit of USD1m per incident, subject to the service terms.Public source · Checked:
- Premium and payment term
Premium payment terms: 5 years / 9 yearsPublic source · Checked: Public source · Checked:
Minimum premium & basis: USD 24,000 / TotalPublic source · Checked: Public source · Checked:
- How premiums can change
- not publishedDocuments checkedPublic source · Checked:
- Guaranteed / non-guaranteed
Guaranteed / non-guaranteed components: Guaranteed cash value follows the policy schedule.Public source · Checked:
Dividend / bonus types: Dividends or bonuses may include non-guaranteed amounts.Public source · Checked:
Guaranteed cash value follows the policy schedule.Public source · Checked:
Dividends or bonuses may include non-guaranteed amounts.Public source · Checked:
- Waiting periods
Suicide within one year of the later policy effective or last reinstatement date limits liability to premiums paid less the stated debt, annuity, dividend, interest-withdrawal and paid-claim deductions.Public source · Checked:
- Main exclusions
Travel Accidental and Terminal Illness benefits exclude illness/injury arising from self-inflicted injury, including suicide or attempted suicide, and other listed causes.Public source · Checked:
- Surrender / cancellation
Early surrender may return less than the premiums paid.Public source · Checked:
- Cooling-off
The document states a 21-day cooling-off period; cancellation and refund conditions apply.Public source · Checked:
- Riders
- not publishedDocuments checkedPublic source · Checked:
- Claims steps
Insurer claims guide · Annuity
not publishedDocuments checkedPublic source · Checked:- Policy servicing from abroad
- not publishedDocuments checkedPublic source · Checked:
- Complaints and dispute routes
1. First contact the insurer through its published complaint channel; retain its written reply.Public source · Checked:
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:
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:
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:
- Annuity timing / QDAP
IA QDAP certification evidence: Certified as a qualifying deferred annuity policy; tax deductions depend on eligibility.Public source · Checked:
Known means partial sourced information. Not published refers to checked documents. Unchecked details do not imply no cover or restrictions.
Questions to ask before buying
Questions to ask before buying (7)
Ask the insurer or a licensed Hong Kong broker. These questions do not imply that cover or restrictions exist.
- When and how can premiums change?
- Which riders are available, and what are their costs and terms?
- What are the claim steps, documents and deadlines?
- How can I service the policy from abroad, and what restrictions apply?
- Can you provide the key facts statement and policy provisions for this product?
- What is the cooling-off period, and how do I cancel during it?
- Which benefits and values are guaranteed, and which are not?
How the value of this kind of plan works
How the value of this kind of plan works
Read this before any illustration. It describes these plans in general; the policy contract decides.
- Guaranteed part
- Guaranteed cash value is specified in the contract. Early values are usually low; non-guaranteed values may change.
- Non-guaranteed part
- Dividends and bonuses depend on the insurer’s results and can be cut. Fulfillment ratios show past payouts.
- Stopping early
- Early surrender usually returns less than premiums paid. The break-even year depends on the individual illustration.
- Currency
- Values are paid in the policy currency. If you spend in another currency, exchange rates can add to or erase the return.
Belongs to
Belongs to
Similar products share a type, currency and premium term band. Clusters describe published features, not suitability or ranking.
More product information from this insurer:
- QDAP annuity
- USD
- Premium term band: Up to 5 years
- Premium term band: Over 5 to 10 years
- Issue-age band: Adults (18–64)
- Issue-age band: Older adults (65+)
- CTF Life
Goals and audience categories described by product type
Insurers (13)
- AIA International Limited
- AXA China Region Insurance Company (Hong Kong) Limited
- BOC Group Life Assurance Company Limited
- China Life Insurance (Overseas) Company Limited
- China Taiping Life Insurance (Hong Kong) Company Limited
- Chow Tai Fook Life Insurance Co Ltd
- FWD Life Insurance Company (Bermuda) Limited
- Generali Life (Hong Kong) Limited
- HSBC Life (International) Limited
- Manulife (International) Limited
- Prudential Hong Kong Limited
- Sun Life Hong Kong Limited
- YF Life Insurance International Limited
Similar products from other insurers
Similar products from other insurers
- Policy currencies
- HKD / CNY / USD
- Premium payment terms
- 5 years
- Policy currencies
- HKD / CNY / USD
- Premium payment terms
- 5 years
- Policy currencies
- HKD / USD
- Premium payment terms
- 5 years / 10 years
- Policy currencies
- HKD / USD
- Premium payment terms
- 5 years / 10 years / 15 years / 20 years
- Policy currencies
- USD
- Premium payment terms
- 5 years / 10 years
Comparison groups
Comparison groups
All published facts
All published facts
| Field | Recorded information | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Product category | QDAP annuity | ||||||||
| Policy currencies | USD | ||||||||
| Premium payment terms | 5 years 9 years | ||||||||
| Benefit term | Until the annuity period ends | ||||||||
| Issue ages & basis |
| ||||||||
| Minimum premium & basis | USD 24,000 / Total | ||||||||
| 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. | ||||||||
| Guaranteed / non-guaranteed components | Guaranteed cash value follows the policy schedule. | ||||||||
| Dividend / bonus types | Dividends or bonuses may include non-guaranteed amounts. | ||||||||
| IA QDAP certification evidence | Certified as a qualifying deferred annuity policy; tax deductions depend on eligibility. |
Names in other languages
- English
- Prosperous Deferred Annuity Plan 2
- 繁體中文
- 「裕享」延期年金計劃2
- 简体中文
- 「裕享」延期年金计划2
Verified names follow insurer labels. Unconfirmed translations use English for navigation.
Sources & verification dates
Sources & verification dates
Checked:
- Prosperous Deferred Annuity Plan 2 — official product page
Source date: Not confirmed
- Prosperous Deferred Annuity Plan 2 — official product page
Source date: Not confirmed
- Prosperous Deferred Annuity Plan 2 — official product page
Source date: Not confirmed
- Prosperous Deferred Annuity Plan 2 — official brochure
Source date: Not confirmed