đ Quick Start Guide
Welcome to PolicyEase äŋåŽæ! Get started in 3 easy steps:
1. Enter Policy Details
Input your insurance policy information including premiums, payment frequency, and payout details.
2. Calculate IRR
Tap "Calculate" to instantly see your guaranteed and non-guaranteed Internal Rate of Return.
3. Save & Compare
Save up to 2 policies and compare them side-by-side to find the best option.
⨠Key Features
Advanced IRR Calculation
- Industry-Standard Precision: Uses Newton-Raphson iterative method for accurate calculations
- Multiple Payment Frequencies: Supports Yearly, Half-Yearly, Quarterly, Monthly, and Single Payment
- Guaranteed & Non-Guaranteed Returns: Calculate both scenarios to understand realistic projections
- Age-Based Planning: Calculate returns based on your current age for retirement planning
Multi-Currency Support
Analyze policies in 9 major currencies:
- HKD (Hong Kong Dollar)
- USD (US Dollar)
- CNY (Chinese Yuan)
- EUR (Euro)
- GBP (British Pound)
- JPY (Japanese Yen)
- SGD (Singapore Dollar)
- AUD (Australian Dollar)
- CAD (Canadian Dollar)
Market Benchmarking
Compare your policy returns against Hong Kong market rates:
- Inflation rate (~2.5% p.a.)
- Savings account rates (~0.1-1% p.a.)
- Bond market returns (~3-4% p.a.)
- Equity market performance
đ How to Use
Entering Policy Information
- Policy Name: Give your policy a memorable name (e.g., "AIA Wealth Builder")
- Currency: Select the policy currency from the dropdown
- Annual Premium: Enter the amount you pay per year
- Payment Years: How many years you'll be paying premiums
- Payment Frequency: How often you pay (Yearly, Monthly, etc.)
- Guaranteed Payout: Enter the guaranteed amount and when you'll receive it
- Non-Guaranteed Payout: Enter the projected amount (if applicable)
Interpreting Results
After calculation, you'll see:
- Guaranteed IRR: The definite return rate you'll receive
- Non-Guaranteed IRR: The potential return if projections materialize
- Performance Indicators: Visual comparison against market benchmarks
- Total Premium vs Payout: Summary of your investment
Comparing Policies
- Save your first policy by tapping "Save Policy"
- Enter details for your second policy
- Save the second policy
- Tap the "Compare" tab to see side-by-side comparison
- Policies are ranked by guaranteed IRR (highest first)
â Frequently Asked Questions
IRR (Internal Rate of Return) is the annual percentage return you earn on your insurance policy, accounting for all payments and payouts over time. It's the true measure of your policy's performance, unlike simple interest calculations that don't account for timing of cash flows.
The iOS app allows you to save up to 2 policies locally on your device. If you need to analyze more policies, consider upgrading to our Web Pro version which offers unlimited storage.
Absolutely! All your policy data is stored exclusively on your device using secure iOS UserDefaults storage. We never transmit your data to our servers. Your financial information never leaves your phone.
Yes! The app works completely offline. All calculations are performed locally on your device. No internet connection required.
All your saved policies will be permanently deleted. Since data is stored locally without cloud backup, we cannot recover deleted data. Export or screenshot important policies before deleting the app.
The iOS app does not support cloud synchronization. Each device stores data independently. For cross-device sync, use our Web Pro version.
As an iOS app user, you get a special discount code IOS16OFF for HK$16 off our Web Pro version. The web version offers unlimited policies, cloud sync, advanced analytics, FX impact analysis, and PDF export. Visit wealth-pulse-hk.vercel.app
Yes! We use the industry-standard Newton-Raphson iterative method, the same algorithm used by financial professionals and Excel's IRR function. However, accuracy depends on the correctness of data you enter. Always verify with your insurance provider.
We support: Yearly, Half-Yearly, Quarterly, Monthly, and Single Payment (one-time premium). The app automatically adjusts calculations based on your selected frequency.
The app is designed for savings-type insurance policies with defined premiums and payouts, including:
- Endowment plans
- ILAS (Investment-Linked Assurance Schemes)
- Whole life savings policies
- Universal life with projected values
It's NOT suitable for pure protection policies (term life, medical) that don't have cash value returns.
Many insurance policies show projected returns that include non-guaranteed dividends or bonuses. These are estimates that may or may not materialize. The guaranteed IRR shows your definite return, while non-guaranteed IRR shows potential returns if projections come true.
Go to Settings â Language and select from English, Traditional Chinese (įšéĢä¸æ), or Simplified Chinese (įŽäŊä¸æ).
First, verify that all input data is correct:
- Premium amount matches your policy
- Payment years is the actual payment period (not policy term)
- Payout years is measured from today, not from policy start date
- Currency is correct
If results still seem wrong, contact support with your policy details (no personal info needed).
đ§ Troubleshooting
App Crashes or Freezes
- Force quit the app and reopen
- Restart your device
- Ensure iOS is updated to latest version (iOS 16.0+ required)
- Check available storage (app needs minimal space)
Cannot Save Policy
- Check if you've already saved 2 policies (maximum limit)
- Delete an existing policy to make room
- Ensure all required fields are filled
Calculation Shows "Error"
- Verify all numeric fields contain valid numbers
- Ensure payout year is greater than payment years
- Check that payout amount is greater than total premiums paid
- Try using different values to isolate the issue
Language Not Changing
- Restart the app after changing language
- Check iOS system language settings
Comparison View Shows Blank
- Ensure you have saved at least 1 policy
- Try deleting and re-saving policies
đą System Requirements
- Platform: iOS 16.0 or later
- Devices: iPhone, iPad, iPod touch
- Storage: ~5 MB
- Internet: Not required (offline capable)
- Compatibility: Optimized for iPhone 12 Pro and later
đ Upgrade to Web Pro
Need more power? Our Web Pro version offers:
Unlimited Policies
Store and compare as many policies as you need
Cloud Sync
Access your policies from any device
PDF Export
Generate professional reports
FX Impact Analysis
Analyze foreign exchange scenarios
Fulfillment Rate Analysis
See if non-guaranteed projections are realistic
Advanced Analytics
Deeper insights and benchmarking
Web Pro Pricing:
- Premium: HK$88 (HK$72 with your discount)
- Professional: HK$188 (HK$172 with your discount)
đ Privacy & Security
Your privacy is our priority:
- No Data Collection: We don't collect, track, or transmit your personal data
- Local Storage Only: All policy data stays on your device
- No Account Required: Use the app anonymously
- No Analytics: We don't use Google Analytics, Firebase, or any tracking tools
- Complete Offline: The app works entirely offline
For full privacy details, see our Privacy Policy.
đ§ Need More Help?
Our support team is here to assist you!
Visit Web Support Terms of Service Privacy Policy