Hong Kong insurance guide
Dividend Fulfillment Ratio Guide
Dividend fulfillment ratio compares actual non-guaranteed dividends against the amounts illustrated at sale. It helps policyholders review whether a participating policy has delivered close to its projected bonus performance.
This page summarizes public information for research and comparison. It is not personalized financial advice.
What the ratio means
A dividend fulfillment ratio shows how actual declared non-guaranteed benefits compare with the illustrated amount for a policy cohort. A ratio near 100% means the actual declared amount was close to the original illustration for the selected policy year.
The ratio is most useful when you compare like with like. Different issue years, dividend types, currencies, and product generations may reflect different investment assumptions and bonus philosophies.
How to read the table
Start with the insurer and product name, then confirm the currency and product type. Read each issue year separately, because older and newer policy cohorts can have different illustrated scales.
If a row uses a status label instead of a numeric ratio, read the disclosure note before comparing it with fully reported rows. Missing disclosure is different from weak performance.
How to use it in product research
Use the ratio to shortlist products for deeper review, then pair it with total cash value ratios, guarantee levels, premium terms, liquidity needs, and insurer financial strength.
A high historical ratio can be encouraging, but it does not remove product risk. Participating insurance remains dependent on future investment returns, claims, expenses, and insurer bonus decisions.
Dividend ratio FAQ
Is a 100% dividend fulfillment ratio guaranteed for the future?
No. The ratio describes historical declared performance against an illustration. Future dividends remain non-guaranteed.
Can I compare ratios across different insurers directly?
You can compare them as a signal, but only after checking product type, issue year, currency, dividend type, and disclosure basis.
Why do some products show no ratio?
Some products may be too new, closed to sales, not yet past the first policy anniversary, or not disclosed in the available source data.
Sources and methodology
Definitions and comparison frameworks reference the Hong Kong Insurance Authority and public insurer disclosures. Check the latest official documents before making a decision.
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