... by the temporary facilitative measures include Qualifying Deferred Annuity Policy (QDAP), Voluntary Health Insurance Scheme (VHIS) products, term life policies, and refundable policies without substantial savings component or renewable policies without cash value that provide insurance protection...

... protection in their third-party liability insurance. The coverage is not limited to the home; it covers anywhere outside home, including both liability and compensation for accidental death or bodily injury of a third party or accidental loss or damage to the property of a third-party resulting from...

..., after consulting the Insurance Authority, has introduced the following major initiatives/arrangements: Customer Protection Declaration Form The Customer Protection Declaration Form (“CPDF...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...

... 2 June 2020 Our ref: INS/TEC/6/20/5 By email only To: Chief Executives of all authorized insurers Dear Sirs, Updated Assessment on the Proposed Policy Holders’ Protection Scheme in Hong Kong We would like to enlist your support for and participation in an updated assessment on the proposed Policy...

... better protection of policy holders.” The IA has also embarked on a host of other regulatory reforms, such as the Risk-based Capital Regime, the Policy Holders’ Protection Scheme, the group-wide supervision framework, and the promotion of Insurtech development. The Annual...

...) products covered in the first phase of the temporary facilitative measures, the second phase now also covers additional protection type products, including term policies, and certain refundable or renewable policies that provide insurance protection (such as hospital cash, medical, critical illness...

...‐ups  include  any  addition  in  sum  assured  /  protection  level  /  additional  investment but exclude any prepayment,  increase of account value due to policy  bonuses, dividends or coupons.    Indexation option, which usually takes the form  as policy endorsement, is not considered as a top‐up....

...  inflation protector  option would be considered a top‐up.  A  2. Top‐ups  include  any  addition  in  sum  assured  /  protection  level  /  additional  investment but exclude any prepayment,  increase of account value due to policy  bonuses, dividends or coupons.    Indexation option, which usually takes...

...;The introduction of further facilitative measures aims to help address the need of potential policy holders in obtaining the necessary protection while minimising the risk of infection when taking out life insurance policies,” said Ms Carol Hui, Executive Director of Long Term Business of the...