Prudential EvergreenComplete Guide
Multi-Currency Plan 2026 In-Depth Review
Dividend fulfillment rate105%, 6-currency free conversion, 25-year expected IRR exceeds6%. Policy split, bonus lock, contingent insured—wealth transfer made easy.
Dividend Rate
105%
First disclosed 2025
25-Year IRR
6%+
Steady long-term growth
Currencies
6
Global diversification
Credit Rating
AA-
S&P Global Rating
PrudentialCompany Background
Prudential plcFounded in1848, with over 175 years of history, it is one of the world's leading international financial services groups.
Prudentialentered Hong Kong in 1964, providing comprehensive services to over1.4 millionHong Kong customers through Prudential Hong Kong Limited, including life insurance, investment-linked insurance, retirement solutions, and health & medical protection. Asia headquarters in Hong Kong, the largest British life insurer in Asia.
In January 2024, Prudential received S&P Global"AA-"local currency long-term issuer credit rating with stable outlook, recognizing its position as a leading life insurer in Hong Kong.
Founded
1848 (London, UK)
HK Entry
1964, 60+ years presence
HK Customers
Over 1.4 million
Credit Rating
AA- (S&P 2024)
Business
Life/ILIP/Retirement/Medical
Asia Position
Largest British life insurer
EvergreenProduct Positioning
Whole-life Participating Plan · Flexible Multi-Currency Savings
| Item | Details |
|---|---|
| Product Name | Evergreen Multi-Currency Plan |
| Insurer | Prudential Hong Kong |
| Product Type | Whole-life Participating Plan |
| Coverage Period | Whole Life |
| Payment Term | 3 Years / 5 Years |
| Policy Currency | RMB/USD/HKD/GBP/CAD/AUD (6 types) |
| Entry Age | 1-75 (age next birthday) |
| Launch Date | May 2022 |
| Dividend Rate | 105% (First disclosed 2025) |
Children Education
Build education fund for overseas study and future expenses
Retirement & Legacy
Retirement savings with generational wealth transfer
Asset Allocation
USD and overseas assets for risk diversification
6 CurrenciesSelection Strategy
Evergreen supports 6 policy currencies, unlimited conversions from the 3rd policy anniversary
| Currency | Code | Use Case | Conversion Timing |
|---|---|---|---|
| US Dollar | USD | Global use, hedge RMB risk | Best for long-term hold |
| Hong Kong Dollar | HKD | HK local spending, property | USD-pegged, stable rate |
| Renminbi | RMB | Mainland spending, avoid FX | Short-term withdrawal |
| British Pound | GBP | UK study, immigration | Convert 1-2 years before UK move |
| Canadian Dollar | CAD | Canada study, immigration | Convert 1-2 years before Canada move |
| Australian Dollar | AUD | Australia study, retirement | When planning Australia life |
💡 Currency Conversion Tips
- • Timing：From 3rd policy anniversary, once per year
- • Application：Apply within 30 days before each anniversary
- • Value Unchanged：Convert at market rate, total cash value unchanged
- • No Medical：No health documents required for conversion
- • Same Inception：Original policy date remains unchanged
Core FeaturesExplained
Policy Split · Bonus Lock · Currency Conversion · Wealth Transfer
Policy Split (Branching)
From Year 5, split policy into portions for different family members, flexible wealth transfer
Bonus Lock Option
From Year 10, lock 10%-50% of terminal bonus, reduce market volatility risk
Currency Conversion
From Year 3, unlimited currency conversion to adapt to life stages
Unlimited Insured Change
Change insured anytime, wealth transfers across generations
Contingent Insured
Designate backup insured, auto-succession upon original insured's passing
Death Benefit Options
Lump sum or installments, similar to trust functionality
Feature Timeline
Policy Inception
Life coverage begins, designate contingent insured
Currency Conversion Opens
Convert policy currency once per year
Policy Split Opens
Split policy into portions for different beneficiaries
Bonus Lock Opens
Lock 10%-50% terminal bonus, secure partial gains
ReturnsAnalysis
Expected IRR Returns
| Holding Period | Expected IRR | 30-Year Cash Value Ratio |
|---|---|---|
| 15 Years | 4.65% | - |
| 25 Years | 6%+ | - |
| 30 Years | 5.8% | 111% |
| 60 Years | 6.8% | - |
| 100 Years | - | 112% |
*Data based on April 2024 upgrade, includes 0.5% guaranteed IRR
2025 Dividend Fulfillment
Total Cash Value Ratio
105%
First disclosed Feb 2025, exceeding expectations
- • Expected policy value from Year 4fully upgraded
- • 30-year cash value ratio increased to111%
- • 100-year cash value ratio reaches112%
- • Earlier product "Evergreen Legacy" also outperformed expectations
Return Structure Explained
| Component | Type | Characteristics |
|---|---|---|
| Guaranteed Cash Value | Guaranteed | Grows with policy years, paid on surrender or termination |
| Non-guaranteed Terminal Bonus | Non-guaranteed | Declared from Year 3, one-time bonus, subject to investment performance |
| Bonus Lock Account | Guaranteed after lock | Locked bonus earns non-guaranteed interest |
Total Cash Value = Guaranteed Cash Value + Non-guaranteed Terminal Bonus
Evergreen vs Entrust Tomorrow
Prudential launched "Entrust Tomorrow" in 2025, a comprehensive upgrade of Evergreen
| Comparison | Evergreen | Entrust Tomorrow (2025 New) |
|---|---|---|
| Launch Date | May 2022 | 2025 |
| 25-Year IRR | 6%+ | 6.09%-6.35% |
| Long-term IRR | 6.8% | Up to 7.2% |
| Bonus Structure | Terminal Bonus | Dual Bonus (Reversionary + Terminal) |
| Terminal Bonus Lock | Up to 50% | Up to 75% |
| Reversionary Bonus | No | Yes (locked once declared) |
| FlexIncome Option | No | Yes (Market First) |
| FlexLegacy Option | No | Yes (Trust-like feature) |
| Disability Protection | No | Yes |
| Academic Award | Up to USD 2,500 | Up to USD 5,000 |
✅ Choose Evergreen if...
- • Already have Evergreen policy, satisfied with performance
- • Prefer mature, stable product (3-year track record)
- • 105% dividend fulfillment rate verified
- • Don't need FlexIncome or advanced features
✅ Choose Entrust Tomorrow if...
- • Seeking higher expected returns (7.2%)
- • Need FlexIncome regular income feature
- • Need FlexLegacy trust-like wealth transfer
- • Want higher bonus lock percentage
💡 Important Note
Entrust Tomorrow is a 2025 new product with no dividend fulfillment data yet. Evergreen has a 3-year track record, and the 105% dividend fulfillment rate in 2025 proves it exceeded expectations. Consider the trade-off between "higher expectations" and "verified performance".
Advanced FeaturesExplained
In-depth analysis of Evergreen series features, including market-first innovations in Entrust Tomorrow
FlexIncome Option
Entrust Tomorrow NewMarket-first feature allowing scheduled income for yourself or family members.
- • Frequency: Yearly or Monthly
- • Amount Mode: Fixed or Escalating
- • Use Case: Education, Retirement, Living Expenses
- • Flexibility: Modify arrangements anytime
FlexLegacy Option
Entrust Tomorrow NewTrust-like feature with death benefit payments tied to life events (not just age).
- • Life Event Triggers: Marriage, Property, Business
- • Installment Payment: Prevent lump-sum spending
- • Policy Trustee: Designate backup holder for minors
- • Fine Control: Beyond traditional trust flexibility
Incapacity Option
Entrust Tomorrow NewImmediate financial assistance if policyholder loses capacity due to covered illness.
- • Trigger: Mental or physical incapacity from covered illness
- • Option A: Designated family receives lump sum
- • Option B: Designated family takes over policy
- • Age Limit: Available until policyholder turns 75
双重红利结构
信守明天新增新增归原红利，与终期红利组成双重红利结构，提升收益确定性。
- • 归原红利：每年公布后即被锁定
- • 终期红利：保留至退保/身故时支付
- • 锁定比例：终期红利可锁75%（隽富50%）
- • 提取灵活：归原红利可随时提取
隽富现有功能回顾
🌳
开枝散叶
第5年起保单分拆
🔒
红利锁定
第10年起锁10-50%
💱
货币转换
第3年起6种货币
👨👩👧
更换受保人
无限次更换
🛡️
后备受保人
无间断传承
🎓
学术优异奖
最高2,500美元
2025/2026Year-Opening Promotions
Prepayment rate up to 5%, combined with premium rebates, save up to 63% on first-year premium
Guaranteed Prepayment Rate
5%
Guaranteed interest offsets premium
Limited Early Bird Rebate
17%
First-year premium rebate
Maximum Combined Savings
63%
First-year premium savings
| Insurer | Flagship Product | Prepay Rate | Rebate | Expires |
|---|---|---|---|---|
| Prudential | Evergreen | 5% | 17% | Jan 2025 |
| AIA | Envision | 4.3% | 21% | Jan 2025 |
| Manulife | Genesis | 6.5%×2yr | 8% | Mar 2025 |
| AXA | Heritage | 4.5% | 31% | Jan 2025 |
| CTF Life | YingBao 2 | 10.1% | - | Jan 2026 |
Evergreen vs AIA Signature
Complete comparison of two flagship savings plans
| Comparison | Prudential Evergreen | AIA Signature 3 |
|---|---|---|
| Payment Terms | 3Y / 5Y | 1Y / 3Y / 5Y |
| Currency Count | 6 | 9 (+MOP) |
| Currency Conversion Start | Year 3 | Year 2 |
| Bonus Lock Start | Year 10 | Year 15 |
| Lock Ratio | 10%-50% | 10%-70%+unlock |
| Policy Loan Limit | 80% Guaranteed CV | 90% Guaranteed+Reversionary |
| Equity Allocation | Up to 70% | Up to 75% |
| Bonus Structure | Terminal Bonus | Reversionary+Terminal |
| Insured Change Conditions | Spouse/Children/Employee | Insurable interest only |
| Application Location | Hong Kong only | HK or Macau |
| Dividend Fulfillment (2025) | 105% | 101-102% |
✅ Choose Prudential Evergreen if...
- • Value dividend fulfillment (105% exceeds expectations)
- • Want earlier bonus lock (from Year 10)
- • Prefer British conservative investment style
- • Lower tolerance for equity volatility
✅ Choose AIA Signature if...
- • Need more currency options (9)
- • Want earlier currency conversion (Year 2)
- • Need single premium option
- • Want to apply in Macau
Evergreen vs Manulife Genesis
Legacy King vs Speed King
| Comparison | Prudential Evergreen | Manulife Genesis Centurion |
|---|---|---|
| Positioning | Legacy King · Steady Growth | Speed King · Quick Breakeven |
| Expected IRR | 25Y 6%+ | 27Y 6.5% |
| Breakeven | ~7-8 years | ~6 years |
| Dividend Fulfillment | 105% | 96.8% (Manulife avg) |
| Payment Terms | 3Y/5Y | Single/3Y/5Y |
| Currency Count | 6 | 7 |
| Bonus Lock | From Year 10 | From Year 10 |
| Special Feature | Contingent Insured | Easy Withdrawal (Market First) |
| Mental Illness Advance | Yes | Yes (5 types) |
| Riders | None | None |
💡 Selection Advice
- • Higher long-term returns: Manulife Genesis Centurion (6.5% IRR)
- • Value dividend stability: Prudential Evergreen (105% fulfillment)
- • Need quick breakeven: Manulife Genesis (~6 years)
- • Prefer British legacy brand: Prudential Evergreen (175 years)
566 WithdrawalStrategy Explained
Classic "566 Plan": 5-year payment, withdraw 6% annually from year 6, sustainable for life
566 Plan Mechanics
5-Year Payment
Complete premium payment over 5 years
Start Withdrawing Year 6
Begin withdrawals the year after completing payments
Withdraw 6% Annually
Withdraw 6% of total premium each year, sustainable for life
566 Plan Demonstration
Example: $100,000 USD total premium (5 years × $20,000)
| Item | Data |
|---|---|
| Total Premium | 100,000 USD |
| Payment Method | 5 years × 20,000 USD |
| Start Withdrawal | From Year 6 |
| Annual Withdrawal | 6,000 USD (6%) |
| Duration | Sustainable for life |
| Total Withdrawn at Age 100 | ~570,000 USD |
| Remaining Value at Age 100 | ~5,000,000 USD+ |
| Total Return Multiple | ~62x |
*Above are projected figures, actual returns depend on dividend performance
🎓
Education Fund
Withdraw from Year 6, perfect timing for college
🏖️
Retirement Supplement
Lifelong withdrawals to supplement retirement income
💎
Wealth Growth
Remaining value continues growing even while withdrawing
Evergreen vs JunShengHistorical Dividend Comparison
JunSheng was Prudential's classic product launched in 2010 (discontinued 2019), Evergreen is the 2022 upgrade
JunSheng Series Historical Performance
| Product/Year | Total Cash Value Ratio |
|---|---|
| JunSheng (2010 launch, 2019 discontinued) | |
| - Pre-2013 policies | Up to 109% |
| - 2014-2018 policies | 79%-94% |
| Premium JunSheng (2017 launch, 2019 discontinued) | |
| - 2017 policies | 82% |
| - 2018 policies | 91% |
| Premium JunSheng II (2018 launch) | |
| - 2018-2022 policies | 92%-100% |
*Total Cash Value Ratio data published in 2024
Evergreen Latest Performance
First disclosed in 2025
105%
Total Cash Value Ratio
- ✓Exceeding expectations
- ✓USD/HKD policy projections increased 3 consecutive years
- ✓30-year total cash value ratio reaches 111%
- ✓100-year total cash value ratio reaches 112%
💡 Why Does Evergreen Perform Better?
Product Design Upgrades
- • More currency options (6 types)
- • More flexible bonus lock
- • Enhanced policy split
Investment Strategy Optimization
- • Partnerships with BlackRock, Blackstone, 50+ institutions
- • Eastspring professional asset management
- • Global asset allocation
Cash ValueGrowth Demo
Using $50,000 total premium (5 years × $10,000) to illustrate long-term policy value growth
| Years Held | Expected Cash Value | Premium Multiple | Expected IRR |
|---|---|---|---|
| Year 5 (Payment Complete) | Approx. $48,000 | 0.96x | - |
| Year 7-8 (Breakeven) | Approx. $50,000+ | 1.0x+ | - |
| Year 10 | Approx. $58,000 | 1.16x | ~3% |
| Year 15 | Approx. $80,800 | 1.62x | 4.65% |
| Year 20 | Approx. $115,000 | 2.3x | ~5.4% |
| Year 25 | Approx. $164,000 | 3.28x | 6%+ |
| Year 30 | Approx. $235,000 | 4.7x | ~5.8% |
*Above are projected figures including guaranteed and non-guaranteed portions. Actual returns depend on dividend performance.
7-8 Years
Expected Breakeven
4.7x
30-Year Multiple
6%+
25-Year IRR
Pros &Cons
✅ Pros
- •Dividend Exceeds Expectations
2025 first disclosure: 105% total cash value ratio, 111% at 30 years
- •6-Currency Free Conversion
Unlimited conversions from Year 3, adapts to life stages
- •Earlier Bonus Lock
Available from Year 10, 5 years earlier than AIA
- •Complete Wealth Transfer
Policy split, contingent insured, unlimited insured changes
- •Established British Insurer
175 years history, AA- rating, trustworthy
- •Academic Excellence Award
TOEFL 110+/IELTS 8+/Top10 university qualifies for bonus
❌ Cons
- •Longer Breakeven Period
~7-8 years to breakeven, not for short-term needs
- •High Non-Guaranteed Portion
Most expected returns are non-guaranteed, depends on investment performance
- •No Single Premium Option
Only 3/5-year payment terms, no lump sum option
- •Fewer Currency Options
6 currencies vs AIA's 9
- •No Premium Financing
Policy pledging for bank loans not accepted
- •Hong Kong Signing Only
Macau not supported, must visit Hong Kong in person
PolicyCase Studies
Case 1: Education Fund
5-year payment term
Case 2: Retirement Planning
5-year payment term
Case 3: Wealth Transfer
Multi-generational
PurchaseProcess
Mainland residents must visit Hong Kong in person to purchase Evergreen. Here is the complete signing process
Signing Steps
Consultation
Contact licensed advisor for personalized proposal
Prepare Documents
ID + Travel Permit + Address Proof
Visit Hong Kong
Go to Prudential Service Center for signing
Payment & Underwriting
Pay via Visa/Mastercard/UnionPay
Policy Issuance
Simple applications take ~3-5 business days
Required Documents
| Document Type | Requirements |
|---|---|
| ID Proof | Mainland ID + HK/Macau Travel Permit |
| Address Proof | Recent 3-month utility bill or bank statement |
| Income Proof | Payslip/Tax receipt/Bank statement (for large policies) |
| Health Info | Simple underwriting waives health declaration (within limits) |
| Payment Method | Visa/Mastercard/UnionPay |
💡 Simple Underwriting
If total annualized premium is within administrative limits, no health documentation required, streamlined signing process.
SuitableFor
✓ Education Planning
Build education fund for children, currency for future overseas study
✓ Retirement Planning
Long-term accumulation, regular withdrawals during retirement
✓ Overseas Asset Allocation
Diversify away from RMB risk, allocate to USD and other currencies
✓ Wealth Transfer Planning
Policy split, contingent insured for multi-generational transfer
✓ Immigration Planning
Convert to destination currency to support immigrant life
✓ Long-term Steady Growth
Seeking 5-6% long-term returns, not short-term high yields
✗ Short-term Speculation
May incur losses if funds needed within 5 years
✗ High Risk/High Reward
Expecting 10%+ annual returns
✗ Premium Financing Needed
Evergreen does not support policy pledging for loans
Frequently AskedQuestions
Basic Questions
What is the dividend fulfillment rate for Prudential Evergreen?▼
Which currencies does Evergreen support?▼
What is the expected rate of return?▼
How do mainland residents purchase Prudential Evergreen?▼
Can Evergreen be used for premium financing?▼
Product Features
When can I start locking in bonuses?▼
How does policy split work?▼
What is the contingent insured for?▼
How to earn the Academic Excellence Award?▼
Does currency conversion affect policy value?▼
Comparison & Selection
Which is better: Evergreen or AIA Signature?▼
What is the difference between Evergreen and JunSheng?▼
What is the loss from early surrender?▼
Coverage Details
What is the policy loan limit?▼
What are the 2025 year-opening promotions?▼
How is death benefit calculated?▼
Is there extra coverage for accidental death?▼
What payment options are available?▼
Summary &Recommendations
Key Points Review
Product Highlights
- ✓ Dividend fulfillment rate 105% (first disclosed 2025, exceeds expectations)
- ✓ 6-currency free conversion from Year 3
- ✓ Bonus lock from Year 10, earlier than competitors
- ✓ Policy split for flexible asset distribution to family
- ✓ Contingent insured for seamless wealth transfer
Notes
- ⚠ Long-term product, 7-8 years to breakeven
- ⚠ Early surrender incurs losses
- ⚠ Must visit Hong Kong in person to sign
- ⚠ Premium financing not supported
👍
强烈推荐
追求稳健分红、重视财富传承、认可英资品牌的长期投资者
🤔
审慎考虑
需要更多货币选择、希望趸缴、或需要保单融资的客户
👎
不太适合
短期资金需求、追求高风险高回报、无法长期持有的客户
投资策略与风险
资产配置组合
| 资产类别 | 比例上限 | 说明 |
|---|---|---|
| 股票类证券 | 70% | 全球股票、私募股权等 |
| 固定收益 | ~30% | 政府债券、投资级企业债 |
| 其他资产 | 视情况 | 房地产、基础设施等 |
*股票投资比例上限70%，低于友邦的75%，波动相对较小
🏛️ 英式稳健投资
保诚采用英式长期投资策略，注重资产的稳健增值。175年历史积累的投资经验， 使其在全球资产配置方面具有独特优势。
⚠️ 分红影响因素
- • 投资表现 — 资产投资回报、利息收入、股息等
- • 索赔经验 — 身故赔偿及其他保障权益的索赔
- • 费用因素 — 发出和管理保单的直接及间接费用
- • 续保率 — 保单续保率及部分退保情况
风险提示
货币转换风险
保单价值受股票类证券结算货币与保单货币之间的外汇变动影响，汇率波动可能较大。
非保证利益风险
终期红利为非保证，受投资表现、索赔经验等因素影响，金额可能下调。
提早退保风险
保单为长期持有而设，提早退保（特别是前5年）可能导致严重损失。
额外保障详解
延伸意外身故保障
- •于第5个保单周年日前因意外身故
- •额外赔偿已缴总保费的100%
- •赔偿上限：125,000美元（同一受保人所有保单合计）
投保人意外身故保障
- •于保费供款年期结束前因意外身故
- •一笔过支付相等于剩余保费的赔偿
- •款项可用于缴付往后保费，赔偿上限125,000美元
失业保障
- •适用于19至65岁保单持有人
- •非自愿性失业最少连续30日
- •最长可延长保费宽限期365日
学术优异奖
| 学业成就 | 奖金金额 |
|---|---|
| TOEFL 110分或以上 | 625美元 |
| IELTS 8分或以上 | 625美元 |
| IBDP 41分或以上 | 625美元 |
| 全球排名首10位大学录取 | 2,500美元 |
*受保人须于投保时18岁或以下，于25岁保单周年日前考获
身故赔偿详解
身故赔偿计算
身故赔偿 = 以下较高者
选项A
保证现金价值 + 终期红利
选项B
已缴总保费 × 105%
+ 红利锁定户口款项（如适用）- 未偿还贷款及利息
身故赔偿支付选择
💵
一笔过支付
全额一次性支付
📅
每月分期支付
定期定额发放
🔀
综合两种形式
部分一次+部分分期
💡 可在受保人在世时订立身故赔偿支付安排，具有类似信托的功能，防止受益人一次性挥霍。
保单贷款详解
贷款基本信息
| 项目 | 详情 |
|---|---|
| 贷款额度 | 保证现金价值的80% |
| 利息计算 | 按年复息 |
| 贷款期间 | 保单维持生效 |
| 还款方式 | 随时部分或全额偿还 |
⚠️ 注意事项
- • 贷款仅计算保证现金价值，不含非保证红利
- • 贷款额度低于友邦盈御（保证+复归的90%）
- • 目前不支持保单质押到银行融资
贷款利率对比
| 保险公司 | 贷款额度 | 参考利率 |
|---|---|---|
| 保诚隽富 | 保证CV的80% | P+1%左右 |
| 友邦盈御 | 保证+复归的90% | P+1%左右 |
| 宏利Genesis | 保证CV的80% | P+1%左右 |
*P = 最优惠利率，目前约5.5%-6%左右