YF Life Wins “Outstanding Annuity Product Award” at Metro Finance “GBA Insurance Awards 2023 - Hong Kong and Macau” for the Fourth Consecutive Year

June 19, 2023

YF Life Insurance International Ltd. (YF Life) has been honored with the “Outstanding Annuity Product Award” for its Infinity Saver 3 at the Metro Finance “Greater Bay Area Insurance Awards 2023 - Hong Kong and Macau” for the fourth consecutive year.

Ms. Jasmine Hui, Vice President - Product Strategy and Pricing, at YF Life, said, “We are delighted to have been honored once again with the ‘Outstanding Annuity Product Award’ at the fiercely competitive “GBA Insurance Awards 2023 - Hong Kong and Macau.” This recognition not only symbolizes the support and trust we inspire in the general public and customers, but also reaffirms our product development strategy. More than 20 years ago, YF Life recognized the huge development potential in the retirement market, understanding that additional expenses arising from longevity can lead to financial shortfalls. To help customers deal with the dilemma of 'living long but running out of money,' we were the first to launch a lifetime annuity plan in Hong Kong and Macau. 'Infinity Saver 3' not only provides guaranteed lifetime annuity payouts, but also has wealth inheritance functions, allowing customers to achieve the three major financial goals of capital accumulation, retirement planning, and wealth legacy with just one insurance savings plan. In the future, we will continue to adopt our 'People-centric and Technology-empowerment approach' and continuously innovate, actively respond to customers’ ever-changing needs, and help them look forward to a prosperous future, fulfilling our brand promise of 'Own the Future'” 

YF Life’s "Infinity Saver 3" is the only annuity product in the market that guarantees lifetime annuity payouts while offering 11 annuity payout options, truly catering to customers’ individual retirement planning needs of different customers. The plan also offers up to 8 policy currencies, allowing customers to choose their policy currency at the time of application and to switch policy currencies later on, helping them to seize global currency opportunities. Meanwhile, the plan features a benefit which allows customers to flexibly choose to split the policy into several policies by converting a portion of its cash value for higher potential returns. In addition, by changing the policyholder/insured arrangement, the accumulated wealth of the policy can be directly passed on to future generations.

Organized by Metro Finance, the winner of each category in the “GBA Insurance Awards 2023 -  Hong Kong and Macau” was selected by a panel of judges consisting of industry leaders in different professional fields. The awards bestow merit upon products and services provided by established insurance institutions with the aim of promoting innovation, which will in turn raise the professional standards of the industry and enhance the competitiveness of Hong Kong and Macau.