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HSBC Flourish Income Annuity Plan

Empower your retirement, embrace the future

Now you can choose to pay your premium over just a few years and enjoy the freedom of steady annuity payments in the future. Our HSBC Flourish Income Annuity Plan gives you all-round retirement planning through income generation and wealth accumulation, with flexibility to adapt to your evolving needs.

Flexibility for enhancing security

  • Option of receiving monthly annuity payments1 after as little as 1 year - or simply accumulate savings by leaving the monthly annuity payments in the policy to earn non-guaranteed interest.
  • Enjoy a 3% per year increment on monthly guaranteed annuity during the first 10 years of the annuity period, and monthly non-guaranteed annuity supported by accumulated dividends that will kick in starting from the 11th years for coping with inflation
  • Annuity period of up to 25 years or till the age2 of 99 to safeguard your retirement.
  • Protect your loved ones with a death benefit in a lump sum or in the form of monthly payments
  • A choice to enhance your basic coverage with additional premium for extra protection against severe dementia3.

HSBC Flourish Income Annuity Plan is a life insurance plan with a savings element underwritten by HSBC Life (International) Limited ("HSBC Life"). It is not a bank deposit or bank savings plan. Policyholders are subject to HSBC Life's credit risk and early surrender loss. Please refer to the product brochure for details.

  • HSBC Life - The no. 1 provider of new annuity business in Hong Kong4
    Well placed to attend to the broad spectrum of customers' retirement needs

Get more peace of mind with supplementary benefits

Add optional supplementary benefits to your policy, at an additional premium.


Dementia Protection

Dementia is one of the major causes of disability and dependency among the elderly8. It has a financial impact not only on the sufferers, but also family members who are providing care. With this supplementary benefit, you can enhance your basic plan coverage to protect yourself and your family against the financial consequences of this disease.

Speak with us

Book an appointment for face-to-face or video-enabled meeting:

  • (Mon to Fri: 11:00am - 7:30pm, except public holidays)

HSBC Jade and Premier customers

  • Contact your Relationship Manager

Limited time offer:

  • Get up to 7% off your first-year premium.
    Offer ends 31 December 2022. T&Cs apply.
  • Get an extra 1.5% off for first-time insurance buyer
    Enjoy an extra 1.5% off your first-year premium if you are new to insurance. Selected customers can get an extra 1% off.
    Offer ends 31 December 2022. T&Cs apply.
old couple enjoy coffee together

About dementia

Dementia is a progressive disease of the brain. In the later stages of the disease, dementia sufferers may rely heavily on others to help them with their daily needs.

Old man and woman running on a street

How can Dementia Protection help?

Protect yourself and your family against financial worries if the life insured is diagnosed with severe dementia. You can also enjoy a suite of services to take care of you.

How does it work

Are you eligible?

To apply, you need to:

  • be aged2 between 19 and 75 years old (depending on the annuity period selected)
  • meet our criteria for nationality (country/region/territory), address and residency (subject to change at the time of your application)

Additional information

Start your application

Contact us

Book an appointment by contacting us via (852) 2233 3130. The service hours are 11:00a.m. – 7:30p.m., Monday to Friday, except public holidays.

For HSBC Jade and Premier customers, please contact your Relationship Manager.

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Explore our qualifying deferred annuity plans that can provide you with a steady income stream after you retire, and enable you to claim tax deduction.

Manage your policy

Manage your policy online

Access your policy details anytime, anywhere on both your HSBC HK Mobile Banking app and our Personal Internet Banking webpage, so you can check your benefits, coverage, premium due dates and much more at your fingertips.

Make a claim

Sometimes life doesn't go according to plan and you'll want to make an insurance claim as soon as possible.


Simply call our Tele-Consultants at (852) 31280122 who will assist you in preparing your relevant claim request(s).

1 A monthly annuity payment means a monthly guaranteed annuity payment, plus a monthly non-guaranteed annuity payment (if any).

2 Age means the age of the life insured or the policyholder where applicable at his/her next birthday.

3 The dementia protection is an optional supplementary benefit requiring additional premiums. It is not applicable for aggregate premium policies and policies with 1-year accumulation period and can only be enrolled together with the application for the basic plan by any life insured aged2 between 55 and 70 years. Please refer to the respective concept flyer and supplementary benefit factsheet for details.

4 Source: Annual Statistics for Long-term Business 2020 issued by the Insurance Authority (Individual Insurers' Statistics: Total Individual Annuity New Business)

5 Additional accidental death benefit will terminate upon the end of premium payment period or payout of the relevant benefits or the policy is terminated (whichever is earlier), subject to a maximum benefit limit of HKD24,000,000/USD3,000,000 per life insured across all additional accidental death benefit issued by HSBC Life. Your policy will terminate once we pay this benefit.

6 Total basic plan premium refers to the total amount of premiums expected to be paid for the Basic Plan within the premium payment term. Please refer to the Policy Provisions for detailed terms and conditions.

7 Unemployment Benefit is only applicable to policyholder aged2 between 19 and 64 who is the holder of the Hong Kong Identity Card. The benefit will terminate on the policy anniversary at which the policyholder attains the age2 of 65 or all due premiums have been paid or your policy is terminated (whichever is the earliest). Such benefit is not applicable for aggregate premium policy.

8 News release (14 May 2019) - World Health Organisation

*To borrow or not to borrow? Borrow only if you can repay!

HSBC Flourish Income Annuity Plan is a life insurance plan underwritten by HSBC Life (International) Limited ("HSBC Life") which is authorised and regulated by the Insurance Authority ("IA") to carry on long-term insurance business in the Hong Kong SAR. Please refer to the product brochure for detailed features and the policy provisions for the detailed terms and conditions.

HSBC Life is incorporated in Bermuda with limited liability, and is one of the HSBC Group's insurance underwriting subsidiaries. The Hongkong and Shanghai Banking Corporation Limited ('HSBC') is registered in accordance with the Insurance Ordinance (Cap. 41 of the Laws of Hong Kong) as an insurance agent authorised by HSBC Life. This product is a product of HSBC Life but not HSBC and it is intended only for sale through HSBC in the Hong Kong SAR. Your benefit is subject to the credit risk of HSBC Life. If the policyholder discontinues and / or surrenders the insurance plan in the early policy years, the amount of the benefit he / she will get back may be considerably less than the amount of the premium he / she has paid. Your premiums paid will form part of HSBC Life's assets. You do not have any rights or ownership over any of those assets. Your recourse is against HSBC Life only.

In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between HSBC and you out of the selling process or processing of the related transaction, HSBC is required to enter into a Financial Dispute Resolution Scheme process with you; however, any dispute over the contractual terms of the above insurance product should be resolved between HSBC Life and you directly.