You should first understand whether the policy structures including premium payment period, accumulation period and annuity income period suit your needs. Then you can compare the guaranteed and projected returns of different products, and be aware of the early surrender values.

The Insurance Authority requires insurance companies to disclose the fulfillment ratio of participating insurance (including annuity) against the projected amount in the proposal illustrations. If the fulfillment ratio is 100%, it means that the insurer has achieved its projected non-guaranteed return.

Up to HKD60,000 annual premium paid to a QDAP policy is eligible for a tax deduction. Based on a marginal tax rate of 17%, the maximum tax deduction is HKD10,200 per policy per year. The actual tax savings would depend on individual circumstances.