Retirement Planning and Insurance

PRURetirement Deferred Annuity Plan

Secure your retirement annuity income now with just 5 or 10 years of premiums

Limited offer

Enrol to enjoy a 20% premium refund

Terms and conditions apply

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Product Brochure

Prime of Life

About to retire? Do you have enough savings for retirement? Now is the time to make sure! Find out how this plan can help you better prepare for your upcoming soon retirement.

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Dream Chaser

Want to retire in your early 50s? You can make this dream a reality! Find out how this plan can help make your retirement dreams come true.

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Family Life

With only 1 Qualifying Deferred Annuity Policy ("QDAP"), it may not be enough to build a comfortable life after retirement, especially considering inflation. Find out how this plan can provide 3 benefits.

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合資格延期年金保單

PRURetirement Deferred Annuity Plan is a Qualifying Deferred Annuity Policy (“QDAP”) certified by the Insurance Authority. On top of giving you a stable annuity income in the form of 10 or 20 years of monthly annuity in the future, the plan helps you with tax relief now as you save for your retirement.

Build your retirement fund flexibly with a range of premium payment, accumulation and annuity period options

Choose to pay your premiums over 5 or 10 years, then let them accumulate over 5, 10, 15, 20 or 30 years, and we will pay you a monthly annuity for 10 or 20 years

Different death benefit settlement options to safeguard your family

If the life assured passes away, we will pay at least 105% of the total premiums due and paid as a Death Benefit, less any total monthly annuity we already paid you.

You can choose how you would like us to pay the death benefit while the life assured is still alive through the Death Benefit Settlement Option; as a lump sum, in monthly instalments or a mix of both.

Please refer to here for more details of the Death Benefit Settlement Options

Smart Care Cover

If you are unfortunately diagnosed with a specific covered disease, such as mental incapacity, we will pay a Smart Care Cover equal to the surrender value to your designated family member for immediate financial relief

Enjoy tax relief on your premiums

While you are saving for your retirement, you can also enjoy a tax deduction on your qualifying premiums of up to HKD 60,000 for the plan per taxpayer each year if applicable. For more information on tax deductions, please refer to the Inland Revenue Department.

Extra features

Financial protection against accidental death

If the life assured dies from an accident, we will pay 50% of the total premiums due and paid as Extra Accidental Death Cover

Unemployment Cover

You can defer your premiums for a maximum of 365 days if you become unemployed in Hong Kong

Sign and go – no need for health information

You do not need to give us any health information to sign up for this plan

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Plan options

Premium payment period	Accumulation period (this starts as soon as you pay your first premium)	Annuity period	Benefit term	Issue age (ANB)	Currency option	Minimum annual premium (rounded up to the nearest 10)
5 years	5 years	20 years	25 years	46-75	USD	USD 6,120
	10 years		30 years	41-70		USD 6,180
	15 years		35 years	36-65		USD 6,100
	20 years		40 years	31-60		USD 6,100
	20 years	10 years	30 years	31-60		USD 6,090
	30 years	10 years	40 years	21-50		USD 6,070
10 years	20 years	10 years	30 years	31-60		USD 3,060
10 years	30 years	10 years	40 years	21-50		USD 3,040

Important information

Please also refer to our brochure on Shareholder-backed Participating Plans for more information including our investment and bonus philosophies and the operation of the Shareholder-backed Participating Fund.

During the sales process, this document should be read in conjunction with the relevant product brochure. For full terms and conditions, and risk disclosures of the relevant insurance plan, please refer to relevant product brochure and policy document and read carefully.

Notes

PRURetirement Deferred Annuity Plan is underwritten by Prudential Hong Kong Limited (“Prudential”). You can always choose to take out this plan as a standalone plan without enrolling with other type(s) of insurance product at the same time. This document does not contain the full terms and conditions of this plan and is for reference only. It does not represent a contract between Prudential and anyone else. You should read carefully the risk disclosures and key exclusions (if any) contained in this brochure. For further details and the full terms and conditions of this plan, please ask Prudential for a sample of the policy document.

Prudential has the right to accept or decline any application based on the information provided by the policyholder and/or life assured in the application.

Please cross your cheque and make it payable to “Prudential Hong Kong Limited”.

This document is for distribution in Hong Kong only. It is not an offer to sell or solicitation to buy or provide any insurance product outside Hong Kong. Prudential does not offer or sell any insurance product in any jurisdictions outside Hong Kong where such offering or sale of the insurance product is illegal under the laws of such jurisdictions.