Insurance Compare
Quickly compare HK insurance products' coverage, premiums, and terms
Select 2-4 products to view coverage and terms differences. Data sourced from public information for reference only.
Compare GlobalFlexi vs Entrust:Match timing constraints before return paths
This compare GlobalFlexi vs Entrust page uses official product pages, brochures, and regulatory documents across payment cadence, lock-in timing, conversion rules, liquidity tools, and regulatory boundaries. Core conclusion: execution first, return path second.
1-minute takeaways
- Budget first: Entrust supports single/3/5/10-year terms, while GlobalFlexi is single/5-year.
- Lock-in timing: Entrust from year 10, GlobalFlexi after year 15.
- Conversion timing: GlobalFlexi converts after year 2 (30 days after year-end), while Entrust converts after year 3 (generally 30 days before anniversary).
- Split boundary: Entrust split starts at the later of year 3 or premium-term completion; both products have no cooling-off after split.
- Return conclusion: Public evidence is asymmetric; normalized dual proposals are required.
- Promotion handling: Run promotion-stripped IRR comparison first, then model refunds/rewards as separate scenarios.
Six questions to answer before deciding
This step avoids the common pitfall of selecting first and rationalizing later.
Why it matters: Premium cadence drives first 5-10 year cash pressure and is the first eligibility filter.
Check first: GlobalFlexi offers single-pay/5-year; Entrust offers single-pay/3/5/10-year. Filter by executable cash flow first.
Why it matters: Lock-in start differences directly affect execution for education or retirement target years.
Check first: Entrust terminal-bonus lock-in starts from anniversary 10; GlobalFlexi bonus lock-in starts after policy year 15.
Why it matters: Conversion is not binary; timing windows determine whether your plan is executable.
Check first: GlobalFlexi starts after policy year 2 with applications within 30 days after year-end; Entrust starts after anniversary 3 with applications within 30 days before anniversary.
Why it matters: For complex family structures, beneficiary mechanics can matter more than IRR ranking.
Check first: Entrust supports up to 5 beneficiaries with distribution options, while GlobalFlexi emphasizes Flexi Withdrawal plus designated payees.
Why it matters: With leverage, comparison becomes product path plus financing cost plus call risk.
Check first: HKMA warns that rate rises and weaker non-guaranteed returns can cause losses; stress-test financing before product ranking.
Why it matters: Entrust and GlobalFlexi are both recent launches; normalized multi-year realization data is still limited.
Check first: Write “to be verified” into your checklist to avoid treating marketing examples as deterministic facts.
Stage1b gap audit
Expose high-risk decision gaps first, then define concrete reinforcements.
| Gap | Observed issue | Reinforcement |
|---|---|---|
| Entrust split timing was misread | Earlier draft treated Entrust split as year-1/2 access; brochure review confirms it starts at the later of anniversary 3 or premium-term end, and split policies have no cooling-off. | Core table, timeline, and FAQ are aligned to brochure wording, with explicit “no cooling-off after split” warning. |
| Conversion window direction missing | Previous content listed a generic 30-day window but missed directionality: Entrust is generally 30 days before anniversary while GlobalFlexi is 30 days after policy-year end. | Added side-by-side window-direction comparison and calendar actions to avoid execution mismatches. |
| Campaign terms mixed into return comparison | Entrust page contains “up to 19% refund + up to 60% first-year equivalent reward”; directly blending this into IRR comparison can overstate short-term conclusions. | Added a campaign-normalization boundary and cited IA Practice Note paragraph 2.4 on offers versus projected policy values. |
| Liquidity parameters were under-quantified | Prior text flagged loan risk without numeric caps (80%/90%) and termination triggers. | Added both loan-cap benchmarks and overloan termination triggers, plus stress-test actions. |
| Fulfillment-ratio interpretation boundaries were thin | Earlier version only noted existence of fulfillment-ratio pages, but did not sufficiently state “not directly comparable across products” and “not a sole decision factor”. | Added IA 2024-07 guidance boundary: use fulfillment ratios as historical reference and combine with suitability, affordability, and risk. |
Mid-step: get normalized dual proposals before comparing return claims
Before signing, lock currency, age, premium term, and budget cap, then request both proposals under the same assumptions with base/downside scenarios.
Key conclusions: conclusion-evidence-action chain
Each conclusion is source-linked with an explicit next action.
Evidence: GlobalFlexi discloses single-pay/5-year, while Entrust discloses single-pay/3/5/10-year terms.
Implication: If you only accept <=5 years, Entrust’s 10-year mode has no practical decision value for you.
Action: Lock your executable premium term first, then request normalized proposals.
Evidence: Entrust lock-in starts at anniversary 10, while GlobalFlexi lock-in starts after policy year 15.
Implication: For plans targeting years 10-14 profit protection, Entrust is often more executable.
Action: Write earliest lock-in year into your pre-sign checklist and obtain advisor confirmation.
Evidence: GlobalFlexi converts after year 2 with applications within 30 days after policy-year end, while Entrust converts after year 3 with applications generally within 30 days before anniversary.
Implication: Missing the window can delay an otherwise valid strategy by one policy year.
Action: Add window dates to your calendar and prepare documentation two months before anniversary.
Evidence: Entrust emphasizes multi-beneficiary settlement and flexible tools, while GlobalFlexi emphasizes Flexi Withdrawal and Value Safeguard.
Implication: Multi-beneficiary and single-beneficiary families may need different optimal structures.
Action: Model at least two payout paths (flat versus step-up).
Evidence: AIA discloses a GlobalFlexi sample of up to 6.5% 30-year total IRR and breakeven as early as year 7, while Entrust public pages do not provide a normalized matrix.
Implication: You cannot derive a deterministic winner from one-sided public samples.
Action: Use dual proposals under identical assumptions to close the evidence gap.
Evidence: Entrust page discloses “up to 19% premium refund for 5-year terms and up to 60% first-year equivalent reward for lump-sum prepay”, while IA Practice Note 2.4 clarifies offers not reflected in projected values sit outside the cap framework.
Implication: Blending campaign amounts directly into long-run IRR can overstate breakeven speed and distort relative ranking.
Action: Run a promotion-stripped normalized comparison first, then model offers as separate cash-flow scenarios.
Evidence: Regulatory guardrails (GL30/FNA, GL29 cooling-off, 2025 illustration caps) reduce room for single-metric selling narratives.
Implication: The larger the premium decision, the more you need a full chain of evidence, boundaries, and actions.
Action: Complete the action checklist item by item before signing.
Evidence Table 1: core terms and features (21 dimensions)
Only first-source traceable points are included; version conflicts are explicitly marked.
| Dimension | Prudential Entrust | AIA GlobalFlexi | Source |
|---|---|---|---|
| Product positioning | Entrust Multi-Currency Plan (whole-life participating savings) | GlobalFlexi Savings Insurance Plan (whole-life participating savings) | Official product pages |
| Launch timeline | Prudential plc Q1 2025 update mentions Entrust launch in Hong Kong | AIA launch press release date: 2025-07-08 | Prudential plc Q1 2025 / AIA 2025-07-08 release |
| Insurer rating snapshot (not a return guarantee) | Prudential HK release discloses S&P AA- / stable (2024-01-12) | AIA 2025-12 Fact Sheet discloses AIA International ratings: S&P AA, Moody’s Aa2, Fitch AA (as at 2025-12-04) | Prudential rating release + AIA fact sheet |
| Premium payment terms | Single-pay / 3-year / 5-year / 10-year | Single-pay / 5-year | Product pages and brochures |
| Issue-age boundary | Issue age 1-80; if next birthday age is >=76, a backup insured aged <=75 next birthday must be appointed | 15 days to 80 years old (single-pay/5-year terms) | Coverage-info sections in both brochures |
| Policy currencies | 6 currencies: USD/HKD/RMB/GBP/AUD/CAD | 9 currencies: USD/HKD/MOP/RMB/GBP/EUR/AUD/CAD/SGD (MOP for Macau) | Entrust page + GlobalFlexi brochure |
| Currency conversion start | After policy anniversary 3 | After end of policy year 2 | Both brochures |
| Conversion frequency and window | Once per policy year, generally within 30 days before policy anniversary | Once per policy year, apply within 30 days after policy-year end | Both brochure conversion clauses |
| Lock-in start point | Terminal bonus lock-in: after anniversary 10 | Bonus lock-in: after end of policy year 15 | Lock-in sections in both brochures |
| Lock-in percentage | Up to 60% of terminal bonus per lock-in exercise | 10%-70% for both reversionary and terminal bonus each year | Both brochures |
| Income/withdrawal start | Flexi Income can start after anniversary 3 | Flexi Withdrawal starts after year 5 and premium-term completion (later of the two) | Both brochures |
| Policy split start | Starts at the later of policy anniversary 3 or premium-term completion | After year 1 or premium-term completion, whichever is later | Policy-split clauses in both brochures |
| Cooling-off after split | No cooling-off period applies to split policies | Split Policy likewise has no cooling-off period | Split and cancellation sections in both brochures |
| Change of insured | Supported, subject to underwriting and policy rules | Supported after year 1 with multiple changes (subject to underwriting) | Product pages and brochures |
| Death benefit settlement | Supports up to 5 beneficiaries with distribution arrangements | Supports installment and designated recipient arrangements | Entrust page / GlobalFlexi brochure |
| Mental incapacity/health impairment option | Mental Incapacity Option for ownership transfer | Health Impairment Option for designated payment/ownership transfer | Product pages and brochures |
| Extended grace period | General grace mechanism is disclosed; details depend on policy version | Can extend grace period up to 365 days under specified conditions | Both brochures |
| Policy-loan cap and termination trigger | Loan up to 80% of guaranteed cash value plus reversionary-bonus cash value; policy may terminate when total outstanding reaches 100% | Loan up to 90% of guaranteed cash value plus reversionary-bonus cash value; policy may terminate if overloan is unpaid within 1 month | Policy-loan and overloan-risk sections in both brochures |
| Public premium-discount threshold | 1% premium discount when notional amount meets currency thresholds (e.g. USD 1,000,000 / HKD 8,000,000); threshold still applies if notional is changed during cooling-off | No equivalent fixed public discount-threshold table is shown in GlobalFlexi brochure (proposal verification required) | Entrust detailed brochure terms + GlobalFlexi public brochure disclosure |
| Public return sample | No normalized 30-year IRR/breakeven matrix found publicly | Official sample: 30-year total IRR up to 6.5%, breakeven as early as year 7 (non-guaranteed) | AIA 2025-07-08 press release |
| Comparability of realization history | Historical ratio pages exist, but Entrust-specific comparable history is still limited | Historical ratio pages exist, while GlobalFlexi launch is later than current reporting windows | Prudential/AIA fulfillment-ratio pages |
Evidence Table 2: execution constraints (high-risk points)
Feature availability does not guarantee executability; this table is for pre-sign risk elimination.
| Constraint | Entrust | GlobalFlexi | Impact | Source |
|---|---|---|---|---|
| 30-day window-direction discipline | Conversion and certain key options are generally requested within 30 days before anniversary | Conversion and lock-in also follow 30-day post-year-end windows | Missing the window can delay strategy execution by one year. | Operational clauses in both brochures |
| No cooling-off rollback after split | After Wealth-Split, split policy has no cooling-off period | GlobalFlexi Split Policy likewise has no cooling-off period | If you split first and discover assumption errors later, cooling-off cannot be used as a simple rollback. | Split and cancellation sections in both brochures |
| Promotion amounts and illustration basis are separate | Product page shows limited offers: up to 19% refund for 5-year terms and up to 60% first-year equivalent reward for lump-sum prepay | GlobalFlexi public pages do not show the same offer formula; net cashflow should be proposal-verified | Without stripping promotion effects first, IRR/breakeven comparisons can be biased by short-term campaigns rather than long-term policy terms. | Entrust product page + IA Practice Note paragraph 2.4 |
| Post-conversion version drift | Converted policy parameters and notional amounts can change and require re-modeling | May convert into latest available version; worst case can reduce conversion to a one-time option | Old proposal conclusions may become invalid after conversion. | Risk sections in both brochures |
| Post-lock credited rate is not fixed | Post-lock account rates are set by insurer from time to time | Bonus lock-in and value-safeguard account rates are also non-guaranteed | Treating lock-in as fixed yield overstates cash-flow certainty. | Account sections in both brochures |
| Approval dependencies for split and insured-change | Split and insured-change are subject to underwriting and insurer approval | Split and insured-change also require insurer rules and underwriting conditions | “Feature exists” does not mean your policy can execute it automatically. | Terms and approval disclaimers |
| Policy loan and lapse trigger | Loan mechanism exists; caps and triggers must be confirmed via proposal/policy wording | Brochure explicitly states overloan risk: no repayment within one month can terminate policy | Loans are liquidity tools but can become lapse triggers. | GlobalFlexi risk section + Entrust brochure |
| Corporate-owned policy applicability differences | Some advanced options may be restricted for corporate-owned policies | Some add-on covers are unavailable under corporate ownership | Corporate buyers should apply corporate-scope filtering before product comparison. | Corporate-policy clauses in both brochures |
Evidence Table 3: key timeline map
A single map of when each action is executable to avoid timing mismatches.
| Time stage | Entrust | GlobalFlexi | Decision hint | Source |
|---|---|---|---|---|
| Policy year 1 | Legacy setup such as subsequent owner / backup insured is available, but split is not executable yet | Can plan insured-change and subsequent split path (subject to wording) | If you require split execution in years 1-2, reassess feasibility on both products. | Product pages and brochures |
| Policy years 2-3 | Conversion becomes available after year 3 (typically requested within 30 days before anniversary); split starts at the later of year 3 or premium-term completion | Conversion available after year 2; withdrawals only after year 5 and premium completion | Early conversion needs often favor GlobalFlexi. | Both brochures |
| Policy year 5 | Can enter more advanced cash-flow planning if conditions are met | Can combine Flexi Withdrawal and Value Safeguard after premium term completion | Year-5 review should emphasize cash-flow tools rather than pure IRR. | Feature sections in both brochures |
| Policy year 10 | Terminal bonus lock-in window starts | Bonus lock-in not yet available | For lock-in targets in years 10-14, Entrust offers earlier timing. | Lock-in clauses |
| Policy year 15 | Transitions into later-stage distribution and legacy management | GlobalFlexi bonus lock-in becomes available | Long-horizon holders should compare lock-and-unlock strategy here. | GlobalFlexi lock-in clause |
Evidence Table 4: return-disclosure boundaries
This table defines which return claims are supportable and which are not.
| Metric | Entrust public data | GlobalFlexi public data | Boundary | Source |
|---|---|---|---|---|
| Public 30-year IRR sample | No normalized public matrix available | Official release sample indicates up to 6.5% (non-guaranteed) | This cannot be used to conclude that Entrust is lower than GlobalFlexi. | AIA 2025-07-08 release |
| Public breakeven sample | No normalized public breakeven matrix available | Official sample indicates as early as year 7 (non-guaranteed) | Use as GlobalFlexi sample context only, not as head-to-head conclusion. | AIA 2025-07-08 release |
| Guaranteed-return disclosure | Public pages do not provide guaranteed-return sample in the same format as GlobalFlexi | Officially disclosed sample guaranteed annualized return up to 3.48% (sample-specific) | A single sample does not represent all ages/currencies/payment terms. | AIA 2025-07-08 release |
| Fulfillment ratio history | Public fulfillment page is available for report-year eligible series | Public fulfillment page available; products launched after reporting year are excluded from that year | IA explicitly states fulfillment ratios are not directly cross-comparable and should not be used as the sole decision factor. | Prudential/AIA fulfillment-ratio pages |
| Regulatory illustration-rate caps | Subject to post-2025-07-01 caps (6.0%/6.5%) | Also subject to post-2025-07-01 caps (6.0%/6.5%) | Any new proposal illustration above caps should be treated as an exception requiring explanation. | IA Practice Note (2025-02-28) |
| Scope of illustration-rate caps | Applies to point-of-sale illustrations (including tool-generated outputs), with separate boundary for re-illustrations under paragraph 3.7 | Same scope for sales documents and analysis tools, while in-force re-illustrations are not required to apply caps | For new-sales comparison, use point-of-sale versions; re-illustrations are stress references only and cannot replace sales-version evidence. | IA Practice Note paragraphs 2.1-2.4 and 3.7 |
| Campaign offer versus IRR basis | Official page discloses limited offer: up to 19% refund for 5-year terms and up to 60% first-year equivalent reward for lump-sum prepay | No same-format campaign formula is publicly displayed on GlobalFlexi pages | IA paragraph 2.4 notes offers not reflected in projected values are outside cap scope; promotion cashflows should be stripped first when comparing long-horizon IRR. | Entrust product page + IA Practice Note paragraph 2.4 |
| Post-lock credited rate | Set by insurer from time to time | Set by insurer from time to time | Lock-in is volatility management, not fixed-yield guarantee. | Account notes in both brochures |
Evidence Table 5: current evidence gaps and closure path
Explicit uncertainty labeling prevents assumptions from becoming pseudo-facts.
| Gap topic | Current evidence | Why it matters | Next action | Status |
|---|---|---|---|---|
| Entrust normalized IRR matrix | No first-source public matrix found with normalized 30-year IRR/breakeven comparable to GlobalFlexi. | Without normalized matrix, “which is higher” claims are not reproducible. | Obtain dual proposals and rerun under identical assumptions before signing. | No reliable public data yet |
| New-product multi-year realization history | Both products entered market in 2025; current public realization windows are still centered on earlier reporting years. | Directly extrapolating legacy ratios to new products can mislead decisions. | Track new-product realization as an annual review item and update when official data appears. | Pending future disclosure |
| Entrust marketing page lacks split-start timing | The product page only states that split is available; brochure terms specify start at the later of anniversary 3 or premium-term completion. | Relying on marketing copy alone may misread split as always available, causing timing mismatches. | Archive both proposal version IDs and brochure wording pages before signing to avoid baseline drift. | Public wording found; proposal version still requires final check |
| Premium-financing safety carry threshold | Regulators provide principles, but no universal public product-level safety threshold exists. | Leveraged scenarios are most vulnerable to rising-rate cash-flow stress. | Run dual stress tests: +2% loan rate and lower return assumptions. | Case-by-case modeling required |
| AIA public discount-threshold gap under normalized basis | Entrust brochure publicly discloses a 1% discount threshold, while GlobalFlexi brochure does not show an equivalent fixed public threshold table. | Without normalized discount/rebate assumptions, breakeven and IRR comparisons can be distorted by upfront cashflow differences. | Require both proposals to provide a discount/rebate breakdown and a promotion-stripped cashflow version. | To be verified |
| Historical credited-rate series on lock-in accounts | Public disclosures explain mechanisms but do not provide unified downloadable historical series. | Missing historical series can understate repricing sensitivity in income plans. | Request credited-rate history from advisors; if unavailable, model with downside assumptions. | To be verified |
Evidence Table 6: regulatory guardrails (GL28/29/30 + Practice Note + HKMA)
These are hard execution constraints, not optional background notes.
| Rule | Requirement | Impact | Action | Source date |
|---|---|---|---|---|
| GL28 (benefit illustration) | Participating policies should provide base/optimistic/pessimistic scenarios for non-guaranteed volatility. | Single best-case-only comparisons are neither compliant nor robust. | Require at least two scenario outputs for both products. | IA GL28 (commencement 2019-09-23) |
| GL29 (cooling-off) | Cooling-off is 21 calendar days, counted from earlier delivery of policy or notice. | Using signing date alone can misjudge cancellation eligibility. | Preserve delivery timestamps and immediately back-plan the deadline. | IA GL29 (commencement 2019-09-23) |
| GL30 (financial needs analysis) | Every new policy requires FNA including affordability and risk-tolerance assessment. | Without FNA, product comparison can detach from realistic affordability. | Obtain signed FNA and reconcile it line-by-line with proposal assumptions. | IA GL30 (commencement 2019-09-23) |
| IA Practice Note (illustration-rate caps) | From 2025-07-01, participating-policy illustration caps are 6.0% (HKD) and 6.5% (non-HKD). | Cross-vintage comparisons must verify whether new caps are applied. | Ask advisors to disclose proposal version date and cap-compliance notes. | Issued 2025-02-28, effective 2025-07-01 |
| IA Practice Note (scope boundary) | Caps apply to point-of-sale illustrations and sales-tool outputs; promotions not reflected in projected values are outside cap scope; in-force re-illustrations are not required to apply caps. | Using re-illustrations or campaign pages as new-sales baselines can create misleading “higher IRR” impressions. | Standardize all comparisons on point-of-sale proposal versions with dates, and model campaign amounts separately. | Practice Note paragraphs 2.1-2.4 and 3.7, effective 2025-07-01 |
| IA explanatory article (2025-03-30) | IA clarifies that illustration caps are not caps on actual policy returns. | Prevents misreading illustration caps as hard limits on actual returns. | Communicate both “illustration cap” and “actual non-guaranteed volatility” together. | IA speech article dated 2025-03-30 |
| HKMA premium-financing guidance | Emphasizes rate-rise, underperformance, and collateral-call risks. | Without stress tests, leveraged clients may face forced reduction or surrender. | Run +2% loan-rate and downside-return dual stress tests. | HKMA consumer page last revised 2024-01-24 |
| IA fulfillment-ratio interpretation boundary | Fulfillment ratios generally apply to post-2010 issued products still in-force in the reporting year; IA also states they are not directly cross-comparable and not a sole decision factor. | Relying on a single year or ratio can misread historical variation as future certainty. | Review full policy-year ratio series and read together with suitability, affordability, and risk tolerance. | IA fulfillment pages last updated 2024-07-24 |
Method and applicability boundaries
Clarifies what can be used directly and what needs proposal-level confirmation.
Data window: through 2026-03, using only first-party official sources (insurer pages, brochures, regulator documents/articles).
Comparison order: execution constraints first (payment/lock-in/conversion), return assumptions second (IRR/breakeven/realization).
Expression rule: all insufficient-public-evidence items are marked “to be verified”.
Use when you need a structured trade-off between GlobalFlexi and Entrust.
Not for deterministic “which one will definitely return the most” answers.
Minimum supplement: dual proposals + stress tests + version verification.
Evidence Table 7: risk matrix
Risk only has value when translated into executable mitigation steps.
| Risk | Trigger | Impact | Mitigation |
|---|---|---|---|
| Premium affordability mismatch | Selecting a premium term inconsistent with cash-flow ability | Mid-term cash stress may force lapse or surrender. | Model household cash-flow ceiling before choosing payment mode. |
| Lock-in year mismatch | Assigning year-10 to year-14 lock-in goals to GlobalFlexi without alternatives | Cannot execute lock-in at target year. | Choose by timing window first, then compare return illustrations. |
| Missed conversion windows | Treating Entrust’s “30 days before anniversary” as if it were GlobalFlexi’s “30 days after year-end” workflow | Strategy delayed by one policy year and FX window may be missed. | Use separate reminder templates for pre-anniversary and post-year-end windows. |
| Version drift risk | Post-conversion or servicing moves policy into a newer version | Original comparison assumptions become invalid. | Re-run normalized comparison after any major policy servicing event. |
| No cooling-off rollback after split | Executing split first and discovering assumption or allocation errors afterward | Split cannot be directly reversed through cooling-off, requiring additional servicing steps and time cost. | Run a pre-split dry run and obtain advisor confirmation on post-split cashflow and beneficiary settings. |
| Promotion basis distorts breakeven view | Directly blending limited-time refunds/rewards into long-horizon IRR and breakeven comparison | Short-term numbers may look better while long-term sustainability and contract risks are understated. | Produce a promotion-stripped baseline first, then model campaign benefits as separate scenarios. |
| Premium-financing negative carry | Loan rate increases or non-guaranteed returns drop | Net returns can turn negative and trigger collateral calls or forced exit. | Run +2% rate stress tests and predefine exit conditions. |
| Over-withdrawal or over-loan | Frequent withdrawals or loans erode policy value | Long-term outcomes deteriorate and may lead to lapse in severe cases. | Set annual withdrawal/loan limits and review sustainability yearly. |
| Incomplete evidence trail | Missing proposal version IDs, delivery timestamps, and written commitments | Difficult to prove communication baseline in disputes. | Maintain a minimum evidence package and review before signing. |
Action guidance by scenario
Do not ask “which is best” first; ask “which fits my constraints best”.
First step: Start with normalized dual proposals for GlobalFlexi (single/5-year) and Entrust (single/3/5-year).
Why: Both can be short-pay, but lock-in and withdrawal mechanics differ.
Watchouts:
- Do not look at one IRR point only; confirm lock-in executability at target year first.
- If conversion is planned, separately mark Entrust (30 days before anniversary) and GlobalFlexi (30 days after year-end) windows.
First step: Prioritize verification of Entrust year-10 lock-in path, with GlobalFlexi as longer-horizon alternative.
Why: Timing-window difference is the hard constraint here.
Watchouts:
- Credited rate is not fixed and needs sensitivity testing.
- Confirm Entrust split starts at the later of year 3 or premium-term completion, and record that split policies have no cooling-off.
First step: Design beneficiary distribution architecture first, then map product fit.
Why: In such families, settlement and distribution tools often dominate single return metrics.
Watchouts:
- Check option conflicts and approval conditions.
- Model at least two distribution paths (flat/step-up).
First step: Complete financing fit and stress testing before product ranking.
Why: Negative carry and collateral-call risk are typically under-estimated under financing.
Watchouts:
- Obtain IFS-PF and loan-to-own-resources disclosures.
- Confirm financing settlement workflow for cooling-off cancellation.
Minimum executable pre-sign checklist (copy to advisor)
- Lock target currency, issue age, and premium term before comparison.
- Request normalized dual proposals for GlobalFlexi and Entrust.
- Include base and downside scenarios; add stress scenarios for higher-risk cases.
- List earliest lock-in, conversion, and withdrawal years in side-by-side view.
- Set separate reminders for “Entrust: 30 days before anniversary” and “GlobalFlexi: 30 days after policy-year end”.
- Confirm Entrust split start using brochure wording (later of year 3 or premium-term completion) and archive it in the signing package.
- Confirm both products have no cooling-off after split; do not treat split as reversible.
- Validate policy-loan caps (Entrust 80% / GlobalFlexi 90%) and overloan termination triggers.
- Confirm GL30/FNA is signed and consistent with proposal assumptions.
- Record policy/notice delivery timestamps and back-plan GL29 21-day deadline.
- Run sensitivity checks for withdrawal/loan impact on long-term values.
- Create a separate “to be verified” table with evidence deadlines.
- If financed, run +2% loan-rate and downside-return dual stress tests.
- Strip campaign refunds/rewards from long-horizon IRR comparison and model them as separate promotion scenarios.
- Require point-of-sale proposal dates and avoid substituting in-force re-illustrations for new-sales comparison.
- Ask advisors to confirm compliance with post-2025-07-01 illustration caps.
- Corporate buyers should first filter non-applicable corporate-policy features.
- Archive version IDs, receipt timestamps, meeting notes, and key written commitments.
- Sign only when blocker/high gaps are cleared.
Frequently asked questions (15)
Focused on real decision questions, not glossary filler.
Sources and update policy
All key conclusions are traceable and time-sensitive items include dates.
- AIA GlobalFlexi product page (Hong Kong)
Used for: Overview, issue age, feature index, and document paths
Date: retrieved 2026-03-01
- AIA GlobalFlexi brochure (EN)
Used for: Premium terms, conversion, lock-in, withdrawal, split, and overloan clauses
Date: document code PTA001386.0725, retrieved 2026-03-01
- AIA press release: GlobalFlexi launch (2025-07-08)
Used for: Public sample returns (30-year total IRR up to 6.5%, breakeven as early as year 7)
Date: published 2025-07-08, retrieved 2026-03-01
- Prudential Entrust product page (Hong Kong)
Used for: Currency scope, premium terms, legacy features, and campaign-offer wording
Date: retrieved 2026-03-01
- Prudential Entrust brochure (trst-product-brochure)
Used for: Conversion, income, lock-in, split, loan, discount-threshold, and cooling-off clauses
Date: document code MKTX/QB0363SC (02/25), retrieved 2026-03-01
- Prudential plc Q1 2025 business update
Used for: Launch-timeline context for Entrust in Hong Kong
Date: published 2025-04-29, retrieved 2026-03-01
- Prudential fulfillment ratio page
Used for: Fulfillment ratio definition and product scope
Date: retrieved 2026-03-01
- AIA fulfillment ratio page
Used for: Fulfillment calculation method and reporting-year boundary notes
Date: retrieved 2026-03-01
- IA: How to choose a participating policy
Used for: Boundary that fulfillment ratio is not a sole indicator and must be read with suitability/affordability
Date: last updated 2024-07-24, retrieved 2026-03-01
- IA: Fulfillment Ratio overview and interpretation
Used for: Applicability condition (post-2010 new issues with in-force policies in reporting year) and “not directly comparable” reminder
Date: last updated 2024-07-24, retrieved 2026-03-01
- IA: How to interpret fulfillment ratio
Used for: Guidance on multi-year reading, individual-policy variance, and limits of historical performance
Date: retrieved 2026-03-01
- IA GL28 (benefit illustration)
Used for: Base/optimistic/pessimistic scenarios and illustration rules
Date: commencement 2019-09-23
- IA GL29 (cooling-off)
Used for: 21-day cooling-off and delivery-based start rule
Date: commencement 2019-09-23
- IA GL30 (financial needs analysis)
Used for: Mandatory FNA and suitability-evaluation framework
Date: commencement 2019-09-23
- IA Practice Note (illustration-rate caps)
Used for: 6.0% HKD / 6.5% non-HKD caps and effective date
Date: issued 2025-02-28, effective 2025-07-01
- IA article explaining illustration caps (2025-03-30)
Used for: Clarifies that illustration caps are not caps on actual returns
Date: published 2025-03-30, retrieved 2026-03-01
- HKMA premium-financing page
Used for: Premium-financing risk, margin-call, and rising-rate warnings
Date: last revised 2024-01-24
- Prudential HK rating release (S&P AA-)
Used for: Timestamped insurer-strength reference
Date: published 2024-01-12, retrieved 2026-03-01
- AIA Hong Kong & Macau Fact Sheet (2025-12)
Used for: AIA International rating snapshot (S&P AA / Moody’s Aa2 / Fitch AA) with disclosure date
Date: fact sheet dated 2025-12, retrieved 2026-03-01
Methodology & Sources
E-E-A-T notes: methodology, sources, and author details.
Methodology
We normalize by currency, payment term, and sample age using official brochures/proposals. IRR and returns are illustrative (non-guaranteed) and used for relative comparison only.
Authoritative Sources
- Insurance Authority (HK) Annual Report
- Insurance Authority (HK) Statistics
- AIA Hong Kong
- Manulife Hong Kong
- Prudential Hong Kong
- FWD Hong Kong
- Sun Life Hong Kong
For other insurers, please refer to their official sites and latest product materials.
Author
Author: Su Jiang (GXBIBI research team). Content is based on public materials and policy terms.
Need Professional Analysis?
Everyone's financial situation and goals are different. Contact us for personalized advice.
Scan to add WeChat for consultation
• Free product proposal
• One-on-one Q&A
• HK visit booking assistance
Calibration note: first-party official sources are prioritized; unsupported items are marked as “to be verified”.