... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...

... customers have taken up the top-up option. Q2 Referring to paragraph 4.2 of the Guideline, please clarify if there is any minimum requirement to classify a product as having refundable feature. For example, does a product refunding 30% (or even smaller) of total premium paid fall into the scope? 2 A2...

... to specify the  protection period of the chosen rider benefits.        Q  6. Intermediaries  are  required  to  take  into  account  the  customers’  total protection  needs, total disposable assets, financial outgoings and liabilities etc before making  recommendation.    How  detailed  such...

... by  the  customers,  the  intermediary should add remark(s)  in the FNA Form as appropriate to specify the  protection period of the chosen rider benefits.        Q  6. Intermediaries  are  required  to  take  into  account  the  customers’  total protection  needs, total disposable assets, financial...

... from 1 April 2016 to 31 March 2017, a total of eight board meetings were held. Membership of the IA is at Appendix B. 保監局主席及七位非執行董事。後排左起 : 郭振華先生，姚建華先生，陳家殷先生，陳偉森教授； 前排左起 : 馬豪輝先生，鄭慕智博士 (主席 )，王建國先生，張鳳婷女士。 The IA Chairman and the seven Non-Executive Directors. Rear (from left): Mr Kenneth Kwok, Mr Stephen...

... from 1 April 2016 to 31 March 2017, a total of eight board meetings were held. Membership of the IA is at Appendix B. 保監局主席及七位非執行董事。後排左起 : 郭振華先生，姚建華先生，陳家殷先生，陳偉森教授； 前排左起 : 馬豪輝先生，鄭慕智博士 (主席 )，王建國先生，張鳳婷女士。 The IA Chairman and the seven Non-Executive Directors. Rear (from left): Mr Kenneth Kwok, Mr Stephen...

... from 1 April 2016 to 31 March 2017, a total of eight board meetings were held. Membership of the IA is at Appendix B. 保監局主席及七位非執行董事。後排左起 : 郭振華先生，姚建華先生，陳家殷先生，陳偉森教授； 前排左起 : 馬豪輝先生，鄭慕智博士 (主席 )，王建國先生，張鳳婷女士。 The IA Chairman and the seven Non-Executive Directors. Rear (from left): Mr Kenneth Kwok, Mr Stephen...

... from 1 April 2016 to 31 March 2017, a total of eight board meetings were held. Membership of the IA is at Appendix B. 保監局主席及七位非執行董事。後排左起 : 郭振華先生，姚建華先生，陳家殷先生，陳偉森教授； 前排左起 : 馬豪輝先生，鄭慕智博士 (主席 )，王建國先生，張鳳婷女士。 The IA Chairman and the seven Non-Executive Directors. Rear (from left): Mr Kenneth Kwok, Mr Stephen...

... the policy assignment agreement to terminate or surrender the policy, or withdraw cash value before the end of policy term: • the amount of benefits receivable under the policy may be substantially less than the sum of total premium paid, interest expenses incurred and early repayment penalty imposed...

... premiums will decline by 3 0.1%, while total sum of related claims could eventually balloon to a mind- boggling US$100 billion. The insurance industry in Hong Kong is not immune, with latest statistics showing that premium growth for the first three quarters of 2020 had slowed down to 5.5%. New business...