Promotion Offer
Successfully apply for LionHarvest Prime Deferred Annuity, a Qualifying Deferred Annuity Policy certified by the Insurance Authority, from 1 April to 30 June 2026, you can enjoy a up to Total Premium Discount of 20%*. For details, please refer to the promotion flyer.
*The premium discount amount is not eligible for tax deduction.
LionHarvest Prime Deferred Annuity
After decades of diligent work, you deserve to enjoy a fulfilling retirement. Composing your ideal next chapter requires wise financial planning early on.
LionHarvest Prime Deferred Annuity (the "Plan"), a Qualifying Deferred Annuity Policy certified by Insurance Authority, to assist you in preparing for your future and help you start saving for your retirement with tax deduction (if eligible).
Key Highlights:
The Plan will provide you with Monthly Annuity Income1 for a period of 10 years, starting from the Annuity Income Period Start Age you have chosen. With the assurance of a reliable income during retirement, you can embrace your life to the fullest.
Upon expiry of the Policy, to further raise your reserve, the Plan will pay a Maturity Bonus2 which includes both Guaranteed Maturity Bonus2 and Non-guaranteed Maturity Bonus2
Tailor your retirement plan with different premium payment and annuity start age options.
The plan provides the Death Benefit and Accidental Death Benefit8 for protection.
This Plan is a Qualifying Deferred Annuity Policy ("QDAP") certified by the Insurance Authority. If you are a Hong Kong taxpayer, you may claim a concessionary deduction under salaries tax or personal assessment of up to HKD 60,000 per taxpayer9 (or up to HKD 120,000 per Policy for a taxpaying couple) per year for the qualifying premiums paid for this Plan, if eligible. For further details, please refer to the website of the Inland Revenue Department at www.ird.gov.hk.
The minimum and maximum Internal Rate of Return (“IRR”) for illustration purposes, based on a non-smoking male at the age of 45. Please note that the IRR may vary for individuals with different issue ages and annuity start ages.
· 5-year Plan provides guaranteed IRR of 1.05%-2.60% and total projected IRR of 2.15%-3.60%.
· 10-year Plan provides guaranteed IRR of 1.40%-2.55% and total projected IRR of 2.80%-3.40%.
Case Sharing
30 years old – 5-year premium payment term, more flexibility
Ms. Wong is 30 years old, works as an auditor. She plans to get married and have one child within the next 5 years, and to immigrate overseas in 8–10 years. To prepare for retirement planning for herself before family responsibilities increase, she chose the 5-year “LionHarvest Prime Deferred Annuity” from Generali.
Product Advantages:
• Short-term payment: A short 5-year payment term for hassle-free completion
• Total projected IRR of 5-year Plan: 2.15%-3.60%
• Tax benefits: Enjoy up to HK$60,000 tax deduction per year*
Ms. Wong’s 5-Year LionHarvest Prime Deferred Annuity:
• Premium payment term: 5 years
• Annual premium: Approx HK$61,000
• Starting from age 61, receive 10 years of Monthly Annuity Income1 plus maturity bonus2: Total approx. HK$1,050,000
• Maximum tax savings: HK$10,200* × 5 = HK$51,000
10-year premium payment term, The Final Push Before Retirement
Mr. Chan, aged 50, plans to retire at 65. Realizing that his retirement savings are insufficient, he hopes to build a stable retirement income over the next 10 years. To ensure a worry-free retirement and enjoy tax saving, Mr. Chan compared Qualifying Deferred Annuity Policy from the insurers in the market and ultimately chose Generali’s 10-year “LionHarvest Prime Deferred Annuity,” which also offers tax deduction benefits that he could save up to HK$10,200 in tax per year*.
Key Product Advantages:
• Monthly Annuity Income: Ensures a stable retirement life and reduces market volatility risk
• Total projected IRR of 10-year Plan: 2.80%-3.40%
• Secure financial choice: Ideal for retirees seeking stability and tax efficiency
• Tax benefits: Save up to HK$10,200* in tax annually
Mr. Chan’s 10-Year LionHarvest Prime Deferred Annuity Plan:
• Premium payment term: 10 years
• Annual premium: Approx HK$65,000
• Starting from the age 66, receive 10 years of Monthly Annuity Income1 plus maturity bonus2: Total approx. HK$1,055,000
• Maximum tax savings: HK$10,200* per annual x 10 years= HK$102,000
Remark:
The above case studies are hypothetical examples created to illustrate the features and potential benefits of LionHarvest Prime Deferred Annuity. They do not constitute financial advice, investment recommendations, or guarantees of future performance. Actual returns may vary depending on individual circumstances, policy terms, and market conditions.
The returns and features of LionHarvest Prime Deferred Annuity are subject to the final terms and conditions of the policy. Customers are advised to read the relevant product documents carefully and consult a professional financial advisor to determine whether the product suits their personal needs.
All figures are based on a USD-denominated policy, converted to HKD at an exchange rate of 1 USD = 7.8 HKD and rounded to the nearest whole number. All projected returns are based on current assumptions and are not guaranteed. The projections assume full premium payment at maturity, with no premium prepayment, policy loans, or exercise of policy options.*Assuming that during the 5 years or 10 years premium payment period, each taxpayer’s salaries tax and personal income tax rate is up to 17%, and the annual tax deduction amount is up to HK$60,000, you could save HK$10,200 in tax. Tax rates may change. For details, please visit the Inland Revenue Department website at www.ird.gov.hk and consult a professional tax advisor for tax advice. Certification by the Insurance Authority for qualifying deferred annuity policies does not guarantee eligibility for tax deductions, as additional tax-related criteria may apply depending on the policyholder’s personal circumstances.
Remarks:
1. Monthly Annuity Income comprises of Guaranteed Monthly Annuity Income and Non-guaranteed Monthly Annuity Income (if any) which will be paid on monthly basis during the Annuity Income Period. The Non-guaranteed Monthly Annuity Income can be adjusted on each Policy Monthiversary and the actual amount during the Annuity Income Period may vary. The amount of Nonguaranteed Monthly Annuity Income will be determined based on Generali’s dividend philosophy. You may choose to cash out (default option) the Monthly Annuity Income and/or keep the Monthly Annuity Income in the Policy for interest accumulation at an interest rate which is not guaranteed and shall be determined by Generali from time to time at its absolute discretion. If no option is elected, cash out option will be applied to the payment of Monthly Annuity Income.
2. During the lifetime of the Insured, provided that all the premiums due have been fully paid and while the Policy is in force upon the Expiry Date, Generali shall pay the Maturity Bonus. The amount of Guaranteed Maturity Bonus and Non-Guaranteed Maturity Bonus may be adjusted if there is any change of the Annuity Income period Start Age.
3. The Policyholder may change the Annuity Income Period Start Age with a written request at least 1 month before the original Annuity Income Period Start Date or the new Annuity Income Period Start Date (whichever is earlier). Once the request is approved, the Guaranteed Cash Value, Terminal Dividend (if any), Annuity Income Period Start Date, Annuity Income Period End Date, Monthly Annuity Income, Expiry Date of the Basic Plan and Maturity Bonus shall be adjusted in accordance with the new Annuity Income Period Start Age.
4. The start date of the Premium Holiday must be on the Policy Anniversary. To apply for the Premium Holiday Option, Policyholder is required to submit a written request to Generali on Generali’s prescribed form at least 1 month before the start of the premium holiday. Any Indebtedness must be repaid before the premium holiday is effective.
Upon the start of the premium holiday, all supplementary benefit(s) (if any) attached to the Policy will be terminated. No policy change or policy loan is allowed during the premium holiday. Generali will postpone the schedule of the policy values and premium. Annuity Income Period Start Date and Expiry Date will also be deferred. The policy values may be adjusted. The Terminal Dividend is not guaranteed and is subject to change during the premium holiday. Generali will issue an endorsement to update the relevant information upon approval.
Taking a premium holiday may affect your eligibility for tax deduction, please consult with the Inland Revenue Department of HKSAR or a professional tax advisor if you have any doubts.
The Premium Holiday Option shall automatically terminate on the occurrence of the earliest of (i) the aggregate period of premium holiday taken is equal to 2 years; (ii) on the date the Basic Plan is paid up; and (iii) the Policy Anniversary at which the Insured attains Age 70.
5. The Guaranteed Cash Value is guaranteed and is payable upon policy surrender or death of the Insured.
6. Total Premiums Paid refers to all premiums due and paid to Generali before the Expiry Date excluding substandard premiums (if any) and premiums of any supplementary benefits.
7. Terminal Dividend (if any) is a not guaranteed and may be altered by Generali at any time. It may be payable upon surrender (whether in full or part), death of the Insured, or lapse of the Policy. Generali will update you the amount of Terminal Dividend (if any) on the respective anniversary statement every year. The actual amount of Terminal Dividend (if any) will only be determined at Generali’s absolute discretion when it is payable.
8. Before the Policy Anniversary on which the Insured attains age 80, if the Insured dies due to an Accident within 180 days, Accidental Death Benefit will be payable instead of Death Benefit. The Policy shall automatically terminate once the claim is approved.
9. HKD60,000 is the maximum tax deductions per taxpayer per year for qualifying annuity premiums and MPF tax deductible voluntary contributions. For details on tax deductions, please visit Inland Revenue Department (IRD) of HKSAR website and consult professional tax advisors for tax advice.
10. Prepayment is allowed upon application only. If prepayment is selected, premiums and levy payable for the whole premium payment term must be fully paid upon application. If the balance of the Premium Deposit Fund (“PDF”) after prepayment of premium and levy exceeds the total required premium and levy for the remaining Premium Payment Term, the prepayment will not be accepted.
Simple daily interest applies to the balance of prepayment amount from the Interest Effective Date and compounds on each Policy Anniversary. The interest
rate is subject to change at Generali’s absolute discretion. Levy is subject to the prescribed rate as published by Insurance Authority from time to time and may
be changed in the future.
Generali will debit the amount of annual premium and levy from PDF on a premium due date until the balance of PDF is insufficient to settle the same. Remaining balance in PDF will be used to settle part of the premium due. Premium notice will be sent to the Policyholder and the remaining premium and levy shall be paid under the then current payment methods determined by the Generali.
Not all prepaid premiums are eligible for tax deduction. Only the prepaid premium used for the subsequent settlement of premium due would be allowed for tax deduction in the corresponding year of assessment. Please consult with the Inland Revenue Department of HKSAR or a professional tax advisor if you
have any doubts.
Policyholder may apply for withdrawal from the PDF without charges. Any balance of PDF will be refunded when the Policy is paid up or terminated.
If the Insured passes away, the balance of PDF (if any) together with the Death Benefit will be payable to the policy beneficiary.
The Plan is underwritten by Generali Life (Hong Kong) Limited. This Plan may serve as standalone plan(s) without bundling with other type(s) of insurance product. You are required to read the relevant product brochure, the Policy Provisions and the proposals presented by your Insurance Advisers or the Company’s Representatives in order to fully understand the details of the definitions, charges, product features, exclusions, and conditions of payment of claims, etc. plus complete terms and conditions.
LionAchiever Elite
LionAchiever Elite (“the Plan”), a long-term savings and participating life insurance plan underwritten by Generali Life (Hong Kong) Limited (“Generali”), supports you in building a financial foundation with high potential returns to reach your goal. The Plan offers flexible wealth management and a comprehensive legacy solution to maximise the protection for your loved ones, build greater wealth, and secure legacies beyond your lifetime. With a blend of savings and protection, you can achieve your goals with peace of mind at every stage of your journey.
LionTycoon Beyond 2
LionTycoon Beyond 2 (the “Plan”) is a long-term savings and participating life insurance plan underwritten by Generali Life (Hong Kong) Limited (“Generali”). The Plan offers high projected returns for you to achieve your life milestones in your prosperous future. The Plan helps you to grow your wealth, provides flexibility and ease for you to create a legacy for your future generations.
LionPrima
A long-term savings and participating life insurance plan, which allows you to grow wealth with potential returns as well as financial flexibility to accomplish your goals.
LionPromise Pro
Choose a savings insurance plan with guaranteed monthly annuity payment until age 100. Build a solid financial foundation for your retirement and make your dream life a reality.