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Own Your Retirement

BOC Life Deferred Annuity (Fixed Term) (Apply via mobile banking)




Eligible for tax deduction1


5 years’ premium payment for 100% guaranteed annuity income2 every month in 10 years

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Annualized Guaranteed Internal Rate of Return upon policy maturity: 2.20% - 3.05%3


Multiple options of policy currency : HKD | RMB | USD


Monthly premium from HKD3,500 only


Apply via mobile, quick and easy


Limited Offer

Promotion Period: From now until 30 September 2020
You can enjoy up to 6% first year premium discount upon successful application for this Plan!


First Year Premium Discount%#

All policy application


Basic Plan that achieves the First Year Premium requirement below

Annual: USD15,000 or HKD/RMB100,000 or above

Monthly: USD1,250 or HKD/RMB10,000


Extra 3% (i.e. 6% in total)

# The premium amount deducted from First Year Premium Discount will not be considered as premium paid and is not eligible for tax deduction.

Note: First year premium discount offer is subject to terms and conditions. Please refer to product leaflet for details.


1. Please note that the Qualifying Deferred Annuity Policy (“QDAP”) status of this product does not necessarily mean you are eligible for tax deduction available for QDAP premiums paid. This product’s QDAP status is based on the features of the product as well as certification by the IA and not the facts of your own situation. You must also meet all the eligibility requirements set out under the Inland Revenue Ordinance and any guidance issued by the Inland Revenue Department of HKSAR before you can claim these tax deductions. Any general tax information provided is for your reference only, and you should not make any tax-related decisions based on such information alone. You should always consult with a professional tax advisor if you have any doubts. Please note that the tax law, regulations or interpretations are subject to change and may affect related tax benefits including the eligibility criteria for tax deduction. BOC Life does not take any responsibility to inform you about any changes in the laws and regulations or interpretations, and how they may affect you. Further information on tax concessions applicable to QDAP may be found at the website of IA

2. If you wish to accumulate the relevant annuity income in BOC Life, you may submit the relevant application to BOC Life after policy issuance. The accumulated Guaranteed Monthly Annuity Income and /or interest accrued thereon (if any) withdrawn under any circumstances will no longer be accumulated as part of the total cash value, surrender value and the total Death Benefit of the policy. For details, please refer to the benefit illustration summary of the policy and contact BOC Life for enquiry.

3. The annualized guaranteed internal rate of return at policy maturity is calculated based on the Guaranteed Monthly Annuity Income payable and assuming that (i) you choose to cash out all the Guaranteed Monthly Annuity Income monthly on time when they are payable at each Monthiversary during the Annuity Income Period, (ii) levy and premium discount (if any) are not included, and (iii) all premiums are paid in full when due. If you cancel the policy before the end of the policy term, the actual annualized guaranteed internal rate of return will be lower than expected, and the sum of the surrender value and the Guaranteed Monthly Annuity Income withdrawn may be less than the total premiums you have paid. These percentages are rounded to 2 decimal places, and depend on your chosen policy term, policy currency and premium payment mode.

Grasp this opportunity! Act Now!

Bank of China (Hong Kong) Limited

The above material is for reference only and must be read in conjunction with the product brochure / coverage details and is intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any products of BOC Life outside Hong Kong. The above Plan and the supplementary riders (if any) are subject to the formal policy documents and provisions issued by BOC Life. Please refer to the policy documents and provisions issued by BOC Life for details (including but not limited to insured items and coverage, detailed terms, key risks, conditions, exclusions, policy costs and fees) of the Plan and the supplementary riders (if any).