AIA launches lifetime annuity amidst Hong Kong retirement gap

It provides guaranteed monthly payments alongside potential dividends and flexible beneficiary arrangements.

AIA Hong Kong & Macau has launched the EverBliss Annuity Insurance Plan, a whole life insurance product providing lifelong income and health support for retirees.

The product addresses significant retirement gaps in Hong Kong, where research shows over 70% of people lack sufficient savings—potentially delaying retirement by 12.8 years—and cite mobility issues (47%), vision decline (47%), and cognitive deterioration (44%) as major ageing concerns.

EverBliss offers guaranteed lifetime monthly income, alongside potential non-guaranteed income and dividends. 

For policyholders diagnosed with Alzheimer’s, Parkinson’s, or degenerative brain disorders after five years, an Extra Income Benefit adds 50% to guaranteed monthly payouts for up to 120 months. 

Policyholders can also transfer income to designated recipients or withdraw up to 24 months of guaranteed income in advance for major life events.

The policy includes access to the RetireSmart Health Service, offering preventive screenings and support for cognitive, vision, and mobility health across Hong Kong and select Mainland China cities, with coverage extendable to spouses and parents.