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FAQ

Question 1: What is Annuity Plan? What is HKMC Annuity Plan?
Question 2: What is the Premium limit of the HKMC Annuity Plan?
Question 3: Who is eligible to apply for the HKMC Annuity Plan? Is a person who is not living in Hong Kong eligible to apply for the HKMC Annuity Plan?
Question 4: Should I participate in the HKMC Annuity Plan?
Question 5: How can the applicant calculate the amount of the single premium contribution, so that the amount of Guaranteed Monthly Annuity Payments can be obtained?
Question 6: What is the Guaranteed Period of Guaranteed Monthly Annuity Payments?
Question 7: Will there be any impact on the eligibility for applying Old Age Living Allowance at the Social Welfare Department when receiving Guaranteed Monthly Annuity Payments from HKMC Annuity Plan?
Question 8: If the beneficiary(ies) choose(s) to receive the Lump Sum Death Benefit Payment, is there any financial loss?
Question 9: As an existing customer, am I able to benefit from the enhancement measures effective from 12 December 2018?
Question 10: How to determine the available value of Special Withdrawal for Medical and Dental Expenses?
Question 11: What kind of Medical and Dental Expenses shall be included in the Special Withdrawal for Medical and Dental Expenses?
Question 12: Is annual body check included in the Special Withdrawal for Medical and Dental Expenses?
Question 13: After the Special Withdrawal for Medical and Dental Expenses, will the Guaranteed Period be affected?
Question 14: How can I apply for the HKMC Annuity Plan if I am interested?
Question 15: Can the premium be paid by the proposed Policyowner’s family member?
Question 16: Does the applicant need to bring along a witness to the application meeting?
Question 17: When will the Policyowner receive the Policy Contract?
Question 18: Can the Policyowner change the bank account for receiving the Guaranteed Monthly Annuity Payments?