... insurance policies with single or annualised premiums at or above $100,000, policy holders will pay only $403 at most per policy year. For general insurance policies with annual premiums at or above $5 million, the cap will be $2,000 per policy year. Details of the levy rates and caps are set out...

... underwriting a medical policy. Generally, a younger, healthier, non-smoking policy holder who is not a heavy drinker will enjoy a lower premium. Most policies have age limits for first-time applications and renewals. Normally, the maximum entry age is 65, while the maximum renewal age is 75 or even 100. This...

... have achieved 100% compliance across their Individual Licensees. This proves that with the right culture nurtured and robust controls established through its intermediary management function (as indicated in the December 2022 edition of Conduct in Focus), a principal can achieve a perfect result...

... Mar 2021 revised 2021年3月修訂 Item 項 Section of Insurance Ordinance 保險業條例的條次 Insurance (Prescribed Fees) Regulation (L.N. 57 of 2017) (Cap. 41, section 128(1)) 保險業(訂明費用)規例》 (2017年第57號法律公告) (第41章第128(1)條) Fee $ 費用 $ 1 Section 5H(3)(a) 第5H(3)(a)條 6 2 Section 5H(3)(b) 第5H(3)(b)條 100 3 Section 13A(2)(b...

... projection at x% investment return, your policy will remain in force up to an attained age of xx of the individual insured. The policy will terminate afterwards.” Please kindly note that above statement should cover the respective 0%, 3%, 6% and 9% investment return scenarios if applicable. For example...

... form as policy endorsement, is not considered as a top up. Q 3. For refundable insurance policies under 1(a)(ii), does it have to be 100% or more “refundable” in order for the FNA requirement be exempted? A 3. Yes. For those refundable insurance policies which are not 100% refundable (e.g. the amount...

... non-guaranteed benefits against the illustrated aggregate amounts for all relevant policies at the point of sale. A ratio close to 100% means the insurer has come close to achieving its projected non-guaranteed benefits. If the ratio is higher than 100%, it means that the actual payout was higher than the...

... the period from January 2018 to July 2020: Convoy Financial Services Limited paid $1,870,060.40 of its client monies into the client account of Convoy Financial Solutions Limited; Convoy Financial Solutions Services Limited paid $100,974.76 of its client monies into the...

... Between 25 to 30 years >30 years (0, 5] (5, 10] (10, 15] (15, 20] (20, 25] (25, 30] 30+ 1 95 85 75 70 65 60 55 2 110 100 90 85 75 70 60 3 175 145 130 120 110 100 90 4 275 220 200 180 165 150 135 5 425 390 355 325 295 265 245 6 640 585 530 485 440 400 365 7 640 585 530 485 440 400 365 For unrated fixed...

... Between 25 to 30 years >30 years (0, 5] (5, 10] (10, 15] (15, 20] (20, 25] (25, 30] 30+ 1 95 85 75 70 65 60 55 2 110 100 90 85 75 70 60 3 175 145 130 120 110 100 90 4 275 220 200 180 165 150 135 5 425 390 355 325 295 265 245 6 640 585 530 485 440 400 365 7 640 585 530 485 440 400 365 For unrated fixed...