YF Life Wins “Outstanding Annuity Product Award” at Metro Finance “GBA Insurance Awards - HK Region” for the third consecutive year

May 31, 2022

MY Lifetime Annuity, the flagship product of YF Life Insurance International Ltd. (YF Life), has been honored with the “Outstanding Annuity Product Award” at the Metro Finance “Greater Bay Area Insurance Awards 2022—HK Region” for three consecutive years—this in recognition of its unique advantages, including guaranteed lifelong annuity income with 11 annuity options.

Mr. Victor Yip, Co-Chief Executive Officer at YF Life, said, “We are truly honored to have now received the ‘Outstanding Annuity Product Award’ at the highly competitive GBA Insurance Awards for three consecutive years, thanks to ‘Innovation’ which is the driving force that motivates the development of our business. Some 20 years ago, through the analysis of demographic change in Hong Kong, we saw that life expectancy here had been increasing, and based on this finding we launched the first lifetime annuity plan in Hong Kong. Since then we have been successively optimizing the plan to become an integrated insurance solution that helps customers achieve capital accumulation, retirement planning, and wealth legacy. Looking forward, YF Life will continue to focus on constant innovation and leverage advanced FinTech capabilities, in order to help customers plan a worry-free future and ‘own the future,’ as our brand promises.”

Recognized by the “GBA Insurance Awards – HK Region”, the YF Life “MY Lifetime Annuity” is unique in the market, offering both guaranteed lifelong annuity income and 11 annuity options to cater for the personal retirement needs of different customers. As an annuity pioneer in the local insurance market, YF Life, with the unique advantage of its “genuine lifetime annuity plan”, guarantees lifelong monthly income to ensure a worry-free retirement for customers, effectively relieving the financial risks caused by extended longevity. On top of that, customers may take advantage of the flexibility of the plan by changing the Insured to grow and share the accumulated wealth across generations.

Organized by Metro Finance, the winner of each category in the “GBA Insurance Awards 2022—HK Region” was carefully selected by a professional panel of judges consisting of industry leaders in different fields. The awards bestow merit upon products and services provided by professional 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 as a regional insurance hub.

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited, whose major shareholders include Yunfeng Financial Holdings Limited¹ and Massachusetts Mutual Life Insurance Company¹, one of the “Five Largest US Mutual Life Insurance Companies”². Leveraging our robust financial background and solid reliability, YF Life is committed to helping customers “own the future” by providing professional and technology-enhanced one-stop risk- and wealth-management consulting services, as well as MPF services.

Notes:

1.    Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company have an indirect shareholding in Yunfeng Financial Group Limited.
2.    The “Five Largest US Mutual Life Insurance Companies” is ranked according to the results of “Insurance: Life, Health (Mutual)” on total revenues for 2021, and based on the FORTUNE 500 as published on May 23, 2022.