... insured property. The sum insured for life insurance should be su�cient to maintain your living standard or cover your financial burdens such as support those of your loved ones for a certain period of time. 5 6 8 7 Tips on buying insurance Replace a policy Policy values Read details Decide on the amount...

... payment system will generally be provided for online self-services insurance. If you agreed or chose to renew your policy automatically every year, your bank account or credit card will be automatically debited to pay the premium for policy renewal before the policy expires. 6. Cooling-off...

... avoided. 2.5. A pecuniary penalty should not have the likely effect of putting the insurance institution concerned in financial jeopardy. In considering this factor, the IA will take into account the size and financial resources of the insurance institution. 2.6. The more serious the contravention, the...

... institution. 2.6. The more serious the contravention, the greater the likelihood that the IA will impose a pecuniary penalty and that the size of the penalty will be larger. In determining the seriousness of a contravention, the IA will consider all of the circumstances of the case and take into account but...

... effect of putting the insurance institution concerned in financial jeopardy. In considering this factor, the IA will take into account the size and financial resources of the insurance institution. 2.6. The more serious the contravention, the greater the likelihood that the IA will impose a pecuniary...

... intermediary, approach the insurer of your existing policy for a balanced view. 6 Don’ts 1. Don’t just look at the premium amount in deciding to replace your insurance policy. The difference in premiums normally reflects the difference in policy coverage and terms. 2. Don’t take the information contained in...

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