HKMC Annuity 3% Discount: What Is It Actually Worth in HK$?
HKMCA's promotion window runs a 3% premium discount for eligible applicants who book a sales appointment by 31 August 2026 and complete the application by 30 September 2026. Enter your numbers below to see exactly what the discount is worth in HK$, not just the headline percentage.
Your discount, in HK$
The discount lowers the premium you pay for the same guaranteed income - it does not top up your monthly payment by 3%. If you instead kept your premium fixed, that same discount is worth an equivalent payout-rate uplift of about 3.09% (roughly HK$179/month extra), slightly more than the headline 3%. That is not compounding - it is simple division: 1/(1-3%) is a bigger number than 1+3%, because the same HK$ saving is measured against a smaller premium base.
Scope note: this only answers "how much does the 3% discount save in HK$" - it does not tell you whether an annuity itself suits your situation (liquidity needs, health, inflation, other retirement income). For breakeven age, internal rate of return and cumulative-income analysis, see the ManuWealth vs HKMC Annuity comparison tool linked below.
Two deadlines, not one
Schedule a sales appointment with HKMCA on or before this date to qualify for the discount.
Your application must be submitted and successfully processed within this window, subject to HKMCA eligibility terms.
Eligibility: Hong Kong permanent residents aged 60 or above, single premium between HK$50,000 and HK$5,000,000 per insured individual. This tool has not been reviewed by HKMCA - confirm your exact eligibility and how the discount is applied on your specific quote by calling the HKMCA hotline (2512 5000) or visiting hkmca.hk before applying.
Frequently Asked Questions
Is the HKMC Annuity 3% premium discount really 3% more money?
No - it is a 3% reduction in the premium you pay for the same guaranteed monthly income, not a 3% top-up on your payout. Because the discount lowers the denominator (premium) while the numerator (income) stays the same, the effective payout-rate uplift works out to about 3.09%, slightly more than the headline 3%. See the calculator above for your own numbers.
What exactly is the deadline for this offer?
Two dates matter. You must schedule your sales appointment with HKMCA on or before 2026-08-31, and you must successfully apply for the Plan between 2026-06-01 and 2026-09-30. Booking the appointment does not itself lock in the discount - the application still needs to complete within the window, subject to HKMCA's eligibility terms.
Who is eligible for the HKMC Annuity Plan?
Hong Kong permanent residents aged 60 or above. The single premium is between HK$50,000 and HK$5,000,000 per insured individual. Confirm the current full eligibility list with HKMCA directly (hotline 2512 5000 or www.hkmca.hk) before booking, since promotional terms can carry extra conditions beyond the base product rules.
Does this calculator use HKMC's official numbers?
Yes. The guaranteed monthly payment table (age 60-85, male and female, per HK$1,000,000 premium) is taken directly from the HKMCA product brochure. The 3% discount rate comes from the HKMA press release dated 2026-05-29. This tool has not been reviewed or endorsed by HKMCA - always confirm your personal quote with HKMCA before applying.
How does the HKMC Annuity compare with a private insurer like Manulife?
HKMC is a government-backed statutory corporation, so the guaranteed monthly payment table is published and fixed. Private insurers quote case-by-case and may offer different structures (e.g. deferred start, currency options). We run that side-by-side comparison, including breakeven age and internal rate of return, in our ManuWealth vs HKMC Annuity comparison tool.