- Home
- Personal
- Insurance
- Retirement
- RetireEnrich Protection Plus
You are not logged on.
RetireEnrich Protection Plus
Information
What is RetireEnrich Protection Plus?
RetireEnrich Protection Plus is an annuity plan that provides a guaranteed fixed return to give you an additional source of fund in your retirement. To help you plan for your retirement with total confidence, it comes with a life cover that your capital invested is totally protected during the accumulation period.
Features
An annuity plan with an accumulation period of 8 or 12 years plus life cover
A fixed or increasing* monthly annuity payment** for an annuity period of 10 years, 15 years or up to age 99
Fixed premium during the term of the policy
Receive a guaranteed cash bonus at the end of the accumulation period
Choose how you would like to receive your proceeds: fixed or increasing income, rollover, or lump sum
Fund your plan by making a one-off payment***, by paying through the first three years of the plan, or by paying throughout the full accumulation period.
Death benefit to be paid in advance if you suffer from a terminal illness
Future premiums will be waived until recovery in case of temporary disability for more than six months
For unemployment over 30 consecutive days, payment of premiums can be delayed for 365 days
Provide the designated beneficiary with a choice of continuing to receive the annuity payment till the end of the annuity period or receiving the death benefit in lump sum upon the life insured's death
Persons aged between 19 and 65 are eligible to apply
*You may choose to increase your monthly guaranteed annuity payment by 5% (based on the amount at the time of policy issue) each year in the first 10 years of the annuity period.
**Annuity payment is consisted of guaranteed and non-guaranteed payment. The guaranteed payment is determined at the time of application while the non-guaranteed portion is determined by the amount of dividends accumulated by the end of the accumulation period and any projected dividend payable during the annuity period.
***If you cancel or change the policy, the balance of the single payment will be paid subject to a surrender charge at a scale determined by us from time to time.
Notes:
All ages mentioned refer to the age of the insured at the next birthday
The above insurance plan is underwritten by HSBC Life (International) Limited, which is part of HSBC Insurance, the identity under which the HSBC Group’s insurance underwriting subsidiaries operate. HSBC Life (International) Limited is authorised and regulated by the Autoridade Monetaria de Macau to carry out long-term insurance business in the Macau SAR. The Hongkong and Shanghai Banking Corporation Limited is an insurance agent authorised by HSBC Life (International) Limited
