As a Qualifying Deferred Annuity Policy (‘QDAP’) certified by the Insurance Authority, this plan gives you not only a stable stream of income in your golden years, but also tax benefits when you’re building your retirement reserves.

Important Note:

ManuWise Deferred Annuity is a long term participating life insurance plan underwritten by Manulife (International) Limited (incorporated in Bermuda with limited liability) (‘Manulife’). DBS Bank (Hong Kong) Limited is acting as an insurance agent of Manulife.

Key Features

  • Reap the tax benefits as you save for your retirement
  • Enjoy a blissful retirement with a steady stream of income
  • Be prepared with Critical Illness Advance Benefit
  • No medical examination

Please see the leaflet for details

Click here to download


How to Apply

  • Call our customer service hotline 2290 8888 for enquiry
  • Call to enquire the Manulife Customer Service Hotline at 2510 3383

Important Notes:

  1. ManuWise Deferred Annuity is a long term participating life insurance plan underwritten by Manulife (International) Limited (incorporated in Bermuda with limited liability) (‘Manulife’). The Bank is acting as an insurance agent of Manulife.
  2. The below is provided to you in the Bank’s capacity as an authorized institution regulated by the Hong Kong Monetary Authority.
    • ManuWise Deferred Annuity is a long-term participating life-insurance plan with a savings element. Part of the premium pays for the insurance and related costs. The savings element is reflected in the surrender value and may not be guaranteed. The product is aimed at customers who can pay the premiums for the whole of the premium payment period. As a result, you are advised to save enough money to cover the premiums in the future. You should be prepared to hold this product for the long term to achieve the savings target.
    • Qualifying Deferred Annuity Policy (‘QDAP’) status - Please note that the 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 Insurance Authority 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.
    • Certification by Insurance Authority – The Insurance Authority certification is not a recommendation or endorsement of the policy, nor does it guarantee the commercial merit of the policy or its performance. It does not mean that the policy is suitable for all policyholders, nor is it an endorsement of its suitability for any particular policyholder or class of policyholders. The policy has been certified by the Insurance Authority but this certification does not imply official recommendation. The Insurance Authority does not take any responsibility for the content of the product leaflet of the policy, makes no representation as to its accuracy or completeness, expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the content of the product leaflet of the policy.
    • Credit Risk - Any premiums you paid would become part of Manulife’s assets and so you will be exposed to Manulife’s credit risk. Manulife’s financial strength may affect its ability to meet the ongoing obligations under the insurance policy.
    • Risk from cashing in (surrender) early - If you cash in the policy, the amount Manulife will pay is the surrender value worked out at the time you cash in the policy, less any amount you owe Manulife. Depending on when you cash in your policy (whether in full or part), this may be considerably less than the total premiums you have paid. You should refer to the proposal for the illustrations of the surrender value Manulife project.
  3. This webpage is only a reference. You should not base solely on this website to make decision on applying for the product. The risks disclosed above are not exhaustive and you should refer to the product leaflet, proposal and policy provision for the risk disclosures and exact terms and conditions and if in doubt, seek independent professional advice.
  4. This webpage is only for use in Hong Kong Special Administrative Region.

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