Compare QDAP (Savings)

QDAP Quick Guide

We found 5 QDAP product(s) matching your selected filters.

Assumptions

BOC Life | 中銀人壽

BOC Life Deferred Annuity (Fixed Term)

Stable Fulfillment Ratio Insurer

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

9.8

/ 10

Guaranteed Return Ratio at Age 60

127.5%

Guaranteed Breakeven Year

WhatsApp Enquiry

Well Link Life | 立橋人壽

Well Enjoy Deferred Annuity Plan (Supreme) 2

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

9.8

/ 10

Guaranteed Return Ratio at Age 60

126.2%

Guaranteed Breakeven Year

WhatsApp Enquiry

Hang Seng Insurance | 恒生保險

eIncomePro Deferred Annuity Life Insurance Plan (100% Guaranteed)

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

9.7

/ 10

Guaranteed Return Ratio at Age 60

127.5%

Guaranteed Breakeven Year

WhatsApp Enquiry

AIA | 友邦香港

AIA Deferred Annuity Plan 2

Stable Fulfillment Ratio Insurer

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

8.9

/ 10

Guaranteed Return Ratio at Age 60

106.7%

Guaranteed Breakeven Year

WhatsApp Enquiry

FWD | 富衛

RetireFun Deferred Annuity Plan

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

8.7

/ 10

Guaranteed Return Ratio at Age 60

105.1%

Guaranteed Breakeven Year

WhatsApp Enquiry

BOC Life | 中銀人壽

BOC Life Deferred Annuity (Fixed Term)

Stable Fulfillment Ratio Insurer

5-year Premium

Age 50 Start

10-year Annuity

9.8

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 4,971   
Guaranteed Return Ratio at Age 60
 127.5%   
Projected Return Ratio at Age 60
 127.5%   
Guaranteed Breakeven Year  
 8   

WhatsApp Enquiry

Well Link Life | 立橋人壽

Well Enjoy Deferred Annuity Plan (Supreme) 2

5-year Premium

Age 50 Start

10-year Annuity

9.8

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 4,922   
Guaranteed Return Ratio at Age 60
 126.2%   
Projected Return Ratio at Age 60
 126.2%   
Guaranteed Breakeven Year  
 8   

WhatsApp Enquiry

Hang Seng Insurance | 恒生保險

eIncomePro Deferred Annuity Life Insurance Plan (100% Guaranteed)

5-year Premium

Age 50 Start

10-year Annuity

9.7

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 4,971   
Guaranteed Return Ratio at Age 60
 127.5%   
Projected Return Ratio at Age 60
 127.5%   
Guaranteed Breakeven Year  
 8   

WhatsApp Enquiry

AIA | 友邦香港

AIA Deferred Annuity Plan 2

Stable Fulfillment Ratio Insurer

5-year Premium

Age 50 Start

10-year Annuity

8.9

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 4,163   
Guaranteed Return Ratio at Age 60
 106.7%   
Projected Return Ratio at Age 60
 120.9%   
Guaranteed Breakeven Year  
 10   

WhatsApp Enquiry

FWD | 富衛

RetireFun Deferred Annuity Plan

5-year Premium

Age 50 Start

10-year Annuity

8.7

/ 10

10Life Score

Guaranteed Initial Annual Income  

              USD
            
 4,098   
Guaranteed Return Ratio at Age 60
 105.1%   
Projected Return Ratio at Age 60
 118.1%   
Guaranteed Breakeven Year  
 9   

WhatsApp Enquiry

BOC Life | 中銀人壽

BOC Life Deferred Annuity (Fixed Term)

Stable Fulfillment Ratio Insurer

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

9.8

/ 10

Guaranteed Initial Annual Income

USD 4,971

Guaranteed Return Ratio at Age 60

127.5%

Projected Return Ratio at Age 60

127.5%

Guaranteed Breakeven Year

WhatsApp Enquiry

Well Link Life | 立橋人壽

Well Enjoy Deferred Annuity Plan (Supreme) 2

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

9.8

/ 10

Guaranteed Initial Annual Income

USD 4,922

Guaranteed Return Ratio at Age 60

126.2%

Projected Return Ratio at Age 60

126.2%

Guaranteed Breakeven Year

WhatsApp Enquiry

Hang Seng Insurance | 恒生保險

eIncomePro Deferred Annuity Life Insurance Plan (100% Guaranteed)

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

9.7

/ 10

Guaranteed Initial Annual Income

USD 4,971

Guaranteed Return Ratio at Age 60

127.5%

Projected Return Ratio at Age 60

127.5%

Guaranteed Breakeven Year

WhatsApp Enquiry

AIA | 友邦香港

AIA Deferred Annuity Plan 2

Stable Fulfillment Ratio Insurer

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

8.9

/ 10

Guaranteed Initial Annual Income

USD 4,163

Guaranteed Return Ratio at Age 60

106.7%

Projected Return Ratio at Age 60

120.9%

Guaranteed Breakeven Year

WhatsApp Enquiry

FWD | 富衛

RetireFun Deferred Annuity Plan

5-year Premium

Age 50 Start

10-year Annuity

10Life Score

8.7

/ 10

Guaranteed Initial Annual Income

USD 4,098

Guaranteed Return Ratio at Age 60

105.1%

Projected Return Ratio at Age 60

118.1%

Guaranteed Breakeven Year

WhatsApp Enquiry

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合作夥伴

QDAP vs Deferred Annuity

Tax deductible

Payment period

Age

Certified by the Insurance Authority

QDAP

Yes

Minimum 5 years

Annuity income commences from age 50

Yes

Deferred Annuity

Different choices

No limitation

QDAP Glossary

Tax deductible

Upto HKD60,000 premiums paid to a QDAP policy is eligible for tax deduction. Based on a marginal tax rate of 17%, the maximum tax deduction is HKD10,200. The actual amount depends on individual circumstances.

Surrender Value

QDAP is a long-term insurance product, which spans across many years from making premium payments to receiving annuity income. One may surrender for cash value during the policy term but the value may be much lower than the premiums paid if surrendering in early years.

Death Benefit

Should the insured dies, the policyholder will receive a guaranteed death benefit after deducting the annuity income received.

Who should consider QDAP?

Those planning for Retirement

Those savings for retirement may select QDAP (retirement) which will start paying an income at retirement age for 10 to 20 years

Longevity risk

Living too long is a risk that cannot be overlooked as living expenses continue to rise without a sustainable income. Some deferred annuity products provide lifetime income, which may help to alleviate longevity risk

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Compare QDAP

Frequently Ask Questions

What are the factors to look out for in choosing QDAP?

You should first understand whether the policy structures including premium payment period, accumulation period and annuity income period suit your needs. Then you can compare the guaranteed and projected returns of different products, and be aware of the early surrender values.

Is the non-guaranteed return of QDAP reliable?

The Insurance Authority requires insurance companies to disclose the fulfillment ratio of participating insurance (including annuity) against the projected amount in the proposal illustrations. If the fulfillment ratio is 100%, it means that the insurer has achieved its projected non-guaranteed return.

What is the maximum tax deduction of QDAP?

Up to HKD60,000 annual premium paid to a QDAP policy is eligible for a tax deduction. Based on a marginal tax rate of 17%, the maximum tax deduction is HKD10,200 per policy per year. The actual tax savings would depend on individual circumstances.

How to choose QDAP?

10Life has categorised QDAP into 3 groups based on of different target segments: savings, retirement and longevity. We evaluate and rate the products based on a set of criteria including guarantee return, projected return and surrender value, etc.

How to choose QDAP?