... decrease of 3.4% to HK$133,194 million in 2018, with single premium business decreasing by 22.7% and regular premium business increasing by 8.2%. The number of policies increased by 0.5% to 1,243,004. Non-Linked business can be classified into with-profits and without-profits business, which represented...

... Suitability assessment includes assessing the investment horizon of the potential policyholder, with due regard to the financial circumstances, planned retirement age etc. (a) Premium payment term – The clients’ age at the time of policy inception as well as his/her target retirement age are relevant to the...

... reinsurer is required to give only one set of financial projections on a “realistic estimate” basis. As regards a captive insurer, only projections on premium income and claims outstanding for the first three years of operation are required. 4.6. For an insurer, not being a pure reinsurer, who applies for...

... reinsurer is required to give only one set of financial projections on a “realistic estimate” basis. As regards a captive insurer, only projections on premium income and claims outstanding for the first three years of operation are required. 4.6. For an insurer, not being a pure reinsurer, who applies for...

... reinsurer is required to give only one set of financial projections on a “realistic estimate” basis. As regards a captive insurer, only projections on premium income and claims outstanding for the first three years of operation are required. 4.6. For an insurer, not being a pure reinsurer, who applies for...

... $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...

... billion, on top of 28.8% in the third quarter. Critical illness, whole life and medical products remained to be most popular, representing 57%, 34% and 3% of new policies taken out by Mainland visitors respectively. On mode of premium payment, about 99% of policies were settled at regular intervals, i.e....

... the first quarter of 2021, showing a decline of total gross premiums by 4.6% to $157.4 billion over the corresponding period of 2020. This phenomenon is the direct consequence of a temporary impact caused by the premium payment pattern embedded in some short-term endowment products....

... the first half of 2021, showing a decline of total gross premiums by 2.2% to $307 billion over the corresponding period of 2020, resulting again from the premium payment pattern embedded in some short-term endowment products. (Percentage figures shown in brackets represent year-on-year...

... appropriate for adopting the TFM. 1 The upfront disclosure should include, where applicable, objective(s); type and nature of the policy; target benefit period; payment period; level of premiums payable; prominent warning to the customer concerning affordability of the policy during the entire premium payment...