Hang Seng Insurance Introduces FortuneLife Deferred Annuity Life Insurance Plan with Enhanced Benefit to Support Stable Retirement [Yahoo! Finance]
HANG SENG BANK LTD S/ADR (HSNGY)
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Source: Yahoo! Finance
Insurance Plan ('FortuneLife'), a Qualifying Deferred Annuity Policy ('QDAP'). This updated plan features a projected Total Internal Rate of Returns ('IRR') ranging from 3.79% to 4.35% for HKD and USD policies, and from 2.60% to 3.19% for RMB policy, designed to help individuals secure a stable passive income for a comfortable retirement. In a recent survey conducted among 550 working professionals in Hong Kong aged 18-65, only about 22% expressed confidence in the adequacy of their retirement funds. Among those feeling confident, about 70% had begun their saving plans early for retirement, and about 61% had incorporated passive income strategies into their retirement plans. Among the total number of respondents, less than one third had purchased QDAP, but about 50% of respondents are now considering or planning to invest in QDAP to ensure a steady income in retirement, with interest particularly strong among the younger demographic, where nearly 60% are keen on these policies. Th
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News
- Millions of workers in China struggle to retire due to economic insecurity [FOX News]FOX News
- INSIGHT-In rapidly ageing China, millions can't afford to retire [Yahoo! Finance]Yahoo! Finance
- In rapidly ageing China, millions of migrant workers can't afford to retire [Reuters]Reuters
- Hang Seng Insurance Introduces FortuneLife Deferred Annuity Life Insurance Plan with Enhanced Benefit to Support Stable RetirementPR Newswire
- Hang Seng Introduces the New PayDay+: Enjoy up to 6% p.a. HKD Savings Rate on Payroll Service Transfers [Yahoo! Finance]Yahoo! Finance