..., which in turn is reflected in the selection of insurance products. Life insurance products with savings and investment elements are popular amongst Asians. Life insurance in-force business premiums in Hong Kong are derived mainly from protection type products with savings elements. The business mix in...

..., which in turn is reflected in the selection of insurance products. Life insurance products with savings and investment elements are popular amongst Asians. Life insurance in-force business premiums in Hong Kong are derived mainly from protection type products with savings elements. The business mix in...

... was less dispersed in 2020, with the third quartile being 83.3%, down from 90.2% in 2019. Insurers above the second quartile in 2019 mostly had an improved or stable net loss ratio, with a few exceptions due to reserve strengthening. As with the direct EC market, the IA will continue to collaborate...

... number of policy year should not be illustrated higher than customer’s age at one-hundred (100). Besides, the last few lines should be illustrated by “at age 90”, “at age 95” and “at age 100" for the better understanding of customers. The declaration in the notes should include reference to the fact that...

... in the sales materials (e.g. product brochure, online promotional information) stating that -9- the product information does not contain the full terms of the policy and the full terms can be found in the policy document; (b) the name of the insurer; (c) the type of medical insurance product (e.g....

..., period, products, target customers, the type and arrangement of Gifts offered by the authorized insurer or the licensed insurance intermediary, and also information of the insurance products concerned should be maintained. If a reasonable assessment is required under Paragraph 5.3 of the Guideline...

..., period, products, target customers, the type and arrangement of Gifts offered by the authorized insurer or the licensed insurance intermediary, and also information of the insurance products concerned should be maintained. If a reasonable assessment is required under Paragraph 5.3 of the Guideline...

... in the sales materials (e.g. product brochure, online promotional information) stating that -9- the product information does not contain the full terms of the policy and the full terms can be found in the policy document; (b) the name of the insurer; (c) the type of medical insurance product (e.g....

... in the sales materials (e.g. product brochure, online promotional information) stating that -9- the product information does not contain the full terms of the policy and the full terms can be found in the policy document; (b) the name of the insurer; (c) the type of medical insurance product (e.g....

... investment-linked type of long term business, there are adequate accounting procedures to enable assets and liabilities to be identified and properly valued and timely reports to be furnished to the policy holders and that the applicant has available sufficient investment management expertise to manage the invested...