... Selection Made Easy guides users on their QDAP selection journey by having them answer five designated questions on the current age, preferred policy currency, duration of premium payment period, annuity commencement age and duration of annuity payment options. Based on the information they provide, users...

... sale but becomes relevant after policy issuance, insurers should determine whether policyholders should be informed or not with due regard to the situation and materiality of the risk involved. - 2 - Q 5. Section 6.8 specifies that for policies to be used as collateral assignment (e.g. for premium...

... customers) and that there are no mismatch (i.e. needs, risks, affordability etc) identified. For the purposes of this Circular, top-up includes increase in investment (single or regular premium). RPQ is not required for top-up that includes increase in premiums for addition or variation of non-ILAS riders...

... for 26.4% of the total new office premiums for individual business. Among these new policies, about 97% were medical or protective in nature, such as critical illness, medical, whole life, term life and annuity products. In terms of premium payment pattern, about 99% of the policies were paid at...

... insured event has occurred, no claims will be accepted. The coverage, benefit limit, exclusions and premium levels of travel insurance products offered by insurers vary. Travellers must understand the policy details and the terms and conditions clearly before taking out a policy and choose a...

... Property Damage business resulting from the absence of any major typhoons. As at 31 December 2019, gross and net claims incurred by authorized insurers due to the social events were HK$1,292 million and HK$411 million respectively. Premium growth was mainly driven by the growth in Property Damage business...

... willing to bear the investment risk should ILAS be recommended. 3 4.6 Suitability assessment includes assessing the investment horizon of client, with due regard to the financial circumstances, planned retirement age etc. 4.6.1 Premium payment term – The client’s age at the time of policy inception as...

... understands and accepts the highlighted features of the product. (b) The customer and the licensed insurance intermediary must sign and date the declaration in “Section II: Affordability Declaration” under the Applicant’s Declarations for a policy in respect of which regular premium payments are required. (c...

... understands and accepts the highlighted features of the product. (b) The customer and the licensed insurance intermediary must sign and date the declaration in “Section II: Affordability Declaration” under the Applicant’s Declarations for a policy in respect of which regular premium payments are required. (c...

... understands and accepts the highlighted features of the product. (b) The customer and the licensed insurance intermediary must sign and date the declaration in “Section II: Affordability Declaration” under the Applicant’s Declarations for a policy in respect of which regular premium payments are required. (c...