Search
MY Deferred Annuity 3 offers you a steady stream of guaranteed and non-guaranteed Monthly Annuity Payments. You can flexibly choose a fixed term (for 10/20 years) or lifetime annuity payout options. Start a new chapter in your life with confidence!
What’s more, to help you realize your ideal retirement life, the Plan provides a range of flexible options for the accumulation period, the annuity period, and the Monthly Annuity Payments - just the way you like it.
The Plan offers various options to give you the freedom to tailor your individual retirement needs:
For details of tax deductions, please refer to the website of the Inland Revenue Department: https://www.ird.gov.hk.
*Source: 10Life Insurance Comparison Platform. MY Deferred Annuity 3 has achieved 5-Star QDAP Award (Growth Income) in 10Life 5-Star Insurance Award 2026 (As of 2 January 2026). For details, please visit www.10Life.com
Important Information 
Other Product Brochures A Qualifying Deferred Annuity Policy (QDAP) is a deferred annuity insurance product certified by the Insurance Authority to meet specific tax-deduction criteria. YF Life’s “MY Deferred Annuity 3” is a certified QDAP designed for retirement planning. It allows your policy value to grow during the accumulation period and provides a steady stream of Monthly Annuity Payment in cash during the annuity period to support your retirement life. Under each tax assessment year, every taxpayer can enjoy a maximum tax deduction of up to HK$60,0001 for the sum of qualifying deferred annuity premiums and mandatory provident fund (MPF) tax deductible voluntary contributions (TVC). It serves as an ideal tool to legally reduce your tax burden while building a long-term and reliable cash flow.
1. The tax deduction limit for each taxpayer in each year of assessment is the aggregate of qualifying deferred annuity premiums and MPF tax-deductible voluntary contributions (TVC), up to a maximum of HK$60,000. For details of tax deductions, please refer to the website of the Inland Revenue Department.
This plan is designed with greater flexibility in mind. You can choose an accumulation period of 10, 20, or 30 years to let your savings grow based on your personal financial goals. Once your annuity period begins, you can choose to receive a stable stream of annuity income for a fixed term of 10 or 20 years, or opt for lifelong payouts to protect your future. To provide you with stable retirement income, your annuity payments will consist of both Guaranteed and Non-guaranteed components.
No. One of the key features of this deferred annuity plan is its simple and hassle-free application process. With no medical underwriting needed, customers across different age groups—from age 20 to 70 (depending on the chosen accumulation period)—can easily enroll and start planning early for a secure, well-prepared retirement.
This plan includes an "Accident Waiver of Premium Benefit". In the unfortunate event that the Insured suffers total disability1 , as a direct result of an accident, for a continuous period of not less than six months before age 65, all premium payments will be waived under the Basic Plan2 while the Insured remains Totally Disable. This extra protection ensures your deferred annuity arrangements remain in force, providing additional reassurance.
1. Applicable if the Insured suffered from complete incapacity, resulting from accidental bodily injury, which occurs while this Policy is in force, on or after the Insured has attained the age of 18 and before the policy anniversary on or following the Insured's 65ᵗʰ birthday, and which prevents the Insured from engaging in any occupation or performing any work for remuneration or profit.
2. Applicable if the Insured is aged below 65. In the event that the Insured suffers total disability due to accident for a continuous period of not less than 6 months before the age of 65, all subsequent premium payments will be waived under the Basic Plan as long as the Insured remains totally disabled, payable under all MY Deferred Annuity, MY Deferred Annuity 2, and/ or MY Deferred Annuity 3 policies issued by the Company up to US$10,000 per annum per Insured. During the total disability of the Insured, if the premium is waived by the supplementary Waiver of Premium Benefit attached to this Policy, the Accident Waiver of Premium Benefit will not be payable. The total disability must be certified by a Doctor acceptable to us and have continued for a period of not less than 6 months.
You can flexibly choose between two options: "In Cash" or "Accumulate with Interest." Cash payouts can be used directly to cover living expenses. If you have no immediate need for the funds, you can choose to leave your annuity payment in the Policy to accumulate and generate interest; this not only maintains its potential for accumulation with interest but also retains the flexibility for future withdrawals.
The above information contains general information of the Plan and is for reference only. It does not form part of the policy and does not contain the full terms of the policy. To understand the details, full terms and conditions of this Plan, please refer to the policy document for benefit coverage, exact terms and conditions, key product risks and exclusions. The above information does not represent a contract between YF Life and anyone else.
The above information is intended to be distributed in Hong Kong only. It shall not be construed as an offer to sell or a solicitation of an offer or recommendation to purchase or sale or provision of any insurance product of YF Life outside Hong Kong. If you are not currently in Hong Kong, YF Life will not be able to provide you with related products and offers.
You and other interested parties should seek independent financial, tax, legal advice. All case studies and other illustrations or examples given in the above information are for information and illustrative purposes and do not predict future performance. Although care is taken in preparing the above information, YF Life disclaims any express or implied warranty as to the accuracy of the content and any liability with respect to it. In the event of any conflict or inconsistency between the contents of the above information and the relevant policy contracts, the relevant policy contract shall prevail.
Download Brochure
“Dividends Zoom-in” educational video
