... stage of our struggle against COVID-19, and I am impressed by the solidarity and determination with which industry stakeholders have strived to deliver quality service and timely protection for policyholders. Let us rally with this spirit to tackle the emerging challenge. Yours faithfully, Clement...

... validity period does not exceed three years and the express levels of fee or brokerage remuneration to be received by the Member are not included; or (b) for each and every other insurance transaction, in either the formal proposal or the quotation, cover note, the premium debit note or covering letter...

... form of a catastrophe bond by the World Bank (International Bank for Reconstruction and Development) in Hong Kong with a size of US$350 million (equivalent to about HK$2.75 billion), offering protection against losses related to earthquake risks in Chile over the next three years. “Hong...

... your policy at the end of the 1st policy year, you will receive only $1,000, even though you paid a total premium of $5,000. The amount you receive will be less than what you paid. In contrast, if you surrender your policy at the end of the 5th policy year and paid a total premium of $25,000, you may...

... from Retirement Scheme business (decreased by 47.6%). This was mainly caused by isolated transactions concerning Retirement Scheme business for the same period in 2022 and the premium payment pattern of some products related to Individual Life and Annuity (Non-Linked) business. Meanwhile, total claims...

... insurer on matters of policy maintenance or premium payment of a life insurance policy held by the applicant; (7) Correspondence from a general insurer on matters of policy maintenance or premium payment of a home insurance policy held by the applicant; (8) Correspondence from a recognized tertiary...

... intermediaries can consider to include such scenario as an example in the questions in Appendix A of the Guideline as appropriate. Q9 With respect to paragraph 5.2(c) of the Guideline, would a customer who intends to reduce the premium payable under the existing life insurance policy, but does not intend to use...

... intermediaries can consider to include such scenario as an example in the questions in Appendix A of the Guideline as appropriate. Q9 With respect to paragraph 5.2(c) of the Guideline, would a customer who intends to reduce the premium payable under the existing life insurance policy, but does not intend to use...

... insurance practitioners and Self-Regulatory Organisations in devising the Guideline. The Guideline was published for public consultation from 26 October to 27 December 2018. The respondents generally welcomed the introduction of unified penalty standards across the industry for protection of policy holders...

... 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. Insurers and intermediaries adopting TFM are required to make...