... 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...

... 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...

... 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...

... 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...

... 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...

... increase in investment (single or regular premium) but does not include increase in premiums for addition or variation of non-ILAS riders (e.g. term, critical illness, accidental death benefits etc). 4.4 Important Facts Statement and Applicant’s Declaration Every application (new or top-up) for an ILAS...

... product risks in the interest of customers, including the areas (where applicable) below: (a) Key exclusion – The insurers should disclose key exclusion of the policy in the product brochure and marketing materials alongside description of policy coverage. (b) Premium adjustment – If the insurer has the...

...; Episode 2: The Unveiling of Relationship Blind Spots   Episode 3: The Strange Case of Premium Payments   Episode 4: The Enigmas of Life Policy Replacement Comic Series: The Insurance Casebook of Detective Lun (Chinese only...