Monthly Reward Annuity Plan

Guaranteed monthly retirement income for your peace of mind

Why you will love this

Receive stable Guaranteed Monthly Income and extra Non-guaranteed Monthly Income for 18 years or until the life insured age 100

Enjoy the flexibility to tailor your plan

Who can apply (Please refer to “Eligibility requirements” for details)

Issue Age*: Customers aged 18 to 85

Features and benefits
Flexible Premium Payment Options

Flexible Premium Payment Options

Pay the premium in as little as 1 year or up to 3 years, depending on your financial situation, to enjoy a hassle-free retirement.

Pay the premium in as little as 1 year or up to 3 years, depending on your financial situation, to enjoy a hassle-free retirement.

Flexible Income Period and Option to Earn Interest

Flexible Income Period and Option to Earn Interest

Choose to receive income for 18 years or until age 100 of the Life Insured. Receive Monthly Income1 in cash or keep the annuity in the policy to earn interest2.

Choose to receive income for 18 years or until age 100 of the Life Insured. Receive Monthly Income1 in cash or keep the annuity in the policy to earn interest2.

Prepare for the Unexpected with Accidental Death Benefit

Prepare for the Unexpected with Accidental Death Benefit

Complimentary accidental death benefit for the first policy year.

Complimentary accidental death benefit for the first policy year.

Simple Application Process

Simple Application Process

Easy application without medical examination.

Easy application without medical examination.

Eligibility Requirements

  Monthly Reward 18 Monthly Reward Whole Life
Premium Payment Term 1 Year 3 Years 1 Year 3 Years
Issue Age* Age 18 to 80 Age 50 to 85 Age 50 to 80

Before you apply

Remarks

* Age means age of the Life Insured at the last birthday.

1 Monthly Income includes Guaranteed Monthly Income and Non-guaranteed Monthly Income. Non-guaranteed Monthly Income is not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life Insurance Limited reserves the right to change it from time to time. The Guaranteed Monthly Income withdrawn will no longer be accumulated as part of the Total Surrender Value and the Total Death Benefit of the Policy. The Total Surrender Value and the Total Death Benefit of the Policy will be reduced accordingly.

2 The annual interest accumulation rate is not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life Insurance Limited reserves the right to change it from time to time.


Important notes

Monthly Reward Annuity Plan is the product underwritten by Hong Kong Life Insurance Limited (“Insurer”) but not by OCBC Bank (Hong Kong) Limited (“Bank”). The Bank is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agency and is the authorised insurance agency of the Insurer for distribution of the insurance plan in Hong Kong Special Administrative Region(“HKSAR”). The insurance plan is authorised and regulated by the Insurance Authority of HKSAR. The Insurer will be responsible for providing your insurance coverage and handling claims under the insurance plan.

The information, examples and materials contained in this webpage are provided for reference only and do not provide any suggestion or recommendation of any insurance products nor constitute any part of the related insurance policy. You should not rely solely on this webpage to make decisions on applying for the insurance product. Before applying for any insurance plan, you should read carefully and fully understand the leaflet, proposal and policy provisions of the relevant plan (including but not limited to terms and conditions, coverage, exclusions and risk disclosures), and when necessary, you should also seek independent and professional advice before making any decision.   

 


WAYS TO APPLY

Apply for Monthly Reward Annuity Plan