... offering Gifts ……………………………... 4 6. Premium Rebates and Commission Rebates ……………… 5 7. Procedures and Controls ………………………………….. 5 8. Commencement…………………………………………... 6 9. Transitional Provision…………………………………….. 6 Permitted Gifts Annex 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline...

... offering Gifts ……………………………... 4 6. Premium Rebates and Commission Rebates ……………… 5 7. Procedures and Controls ………………………………….. 5 8. Commencement…………………………………………... 6 9. Transitional Provision…………………………………….. 6 Permitted Gifts Annex 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline...

... into account the customers’ total protection needs, total disposable assets, financial outgoings and liabilities, as well as his/her willingness and ability to pay premium (and the duration of payment) in assessing the affordability of customer before making recommendation. The factors considered...

... gross premium and net premium of general business stood at $48.3 billion (increased by 6%) and $33.1 billion (increased by 5%). The overall retention slightly decreased from 69.2% to 68.5%. The gross premium growth was mainly driven by growth in Accident & Health business followed by Motor...

...%). Office premiums for new Individual Annuity business were $10.8 billion (increased by 40.5%). General business In 2018, the total gross premium and net premium of general business stood at $53.1 billion (increased by 10%) and $34.7 billion (increased by 5%). The overall retention...

... $10.1 billion in the third quarter of 2017. About 95% of the policies issued to Mainland visitors 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...

... Health Insurance Scheme (“VHIS”) (iii) Term insurance policies (iv) Refundable insurance policies without substantial savings component, or renewable insurance policies without cash value, that provide insurance protection (e.g. hospital cash, medical, critical illness, personal accident, disability or...

... Health Insurance Scheme (“VHIS”) (iii) Term insurance policies (iv) Refundable insurance policies without substantial savings component, or renewable insurance policies without cash value, that provide insurance protection (e.g. hospital cash, medical, critical illness, personal accident, disability or...

... Replacement Appendix B 1 1. Introduction 1.1 The Insurance Authority (“IA”) issues this Guideline pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“Ordinance”) and its principal function to regulate and supervise the insurance industry for the protection of existing and potential policy holders....