... manual procedures, reduce administrative costs, and create more room for innovation in different types of insurance. It also provides the market with more diversified premium levels and more personalised protection insurance products. This allows people of different ages and social strata to obtain the...

... ........................................... 12 1 1. Introduction 1.1 This Guideline is issued by the Insurance Authority (“IA”) pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”). The IA’s principal function is to regulate and supervise the insurance industry for the protection of existing and potential policy holders...

... ........................................... 12 1 1. Introduction 1.1 This Guideline is issued by the Insurance Authority (“IA”) pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”). The IA’s principal function is to regulate and supervise the insurance industry for the protection of existing and potential policy holders...

... Enforcement collaboration between IA and HKMA - Insurance Authority bans Chan Ka Hey for six months for fabrication of a client’s direct debit authorization form for premium payment 15 August 2023 This press release is issued jointly by the...

... personal property Electronic money (e.g. credit limit of a credit card or stored value of an octopus card), contact lenses, and fragile or brittle articles may be listed as excluded items for personal property protection. Note that many policies in the market provide protection against...

... Please clearly define what to display for the field of “[Initial] Sum Assured / Protection Amount”, especially on initial protection amount for products with insignificant sum insured (for example, savings product offering 105% of total premium paid as death benefit). A18 For products which do not...

... Please clearly define what to display for the field of “[Initial] Sum Assured / Protection Amount”, especially on initial protection amount for products with insignificant sum insured (for example, savings product offering 105% of total premium paid as death benefit). A18 For products which do not...

..., fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to...

..., fraudulent or unethical means). Representation of Information – refers to complaints relating to the presentation of an insurance product’s features, policy terms and conditions, premium payment terms or returns on investment, dividend or bonus shown on benefit illustrations, etc. Claims – refers to...

... above. By providing the annuitant with a steady stream of guaranteed monthly annuity payments (which are fixed 2 amounts) after receiving a single premium, the HKMC Annuity Plan enables the annuitant to better plan his retirement life. Interested persons can make sales appointments with the HKMCA...