... Insurance Ordinance (Cap. 41) (“Ordinance”) and its principal function to regulate and supervise the insurance industry for the protection of policy holders and potential policy holders. This Guideline also takes account of the Insurance Core Principles, Standards, Guidance and Assessment Methodology (“ICP...

...……………………………………….….. 5 1 1. Introduction 1.1. This Guideline is issued pursuant to section 133 of the Insurance Ordinance (Cap. 41) (“the Ordinance”). 1.2. Under section 8(3)(c) of the Ordinance, an authorized insurer shall arrange adequate reinsurance protection unless there are justifications not to do so. An insurer...

... Appendix I IMPORTANT DOCUMENT! PLEASE READ AND COMPLETE CAREFULLY! 重要文件! 請小心閱讀及填寫! (1) CUSTOMER PROTECTION DECLARATION 閣下可向保險代理/經紀索取中文版本,本聲明書之中英文版均具同等效力 This is an IMPORTANT part of the Code of Practice for Life Insurance Replacement issued by the Hong Kong Federation of Insurers and the...

... digital distribution channels under the Fast Track, marking a significant milestone of Insurtech development in Hong Kong. “The first virtual insurer approved under the Fast Track is a local startup interested in providing products with simple structure, high protection element and low...

... You can select a currency other than HKD as the policy currency if available under the QDAPs, which means you will pay the premium and receive the annuity income payments in that currency. In addition to the impact on the internal rate of return (IRR) brought by the currency itself, the exchange rate...

... insurance options that are available to meet their specific needs and financial circumstances. Examples include: - clients wanting both insurance protection and “saving up for the future” should be presented with the option of procuring an endowment policy; and - clients wanting both insurance protection...

... : Smoker / Non Smoker 2. Benefit Summary Policy Currency: Benefit Description [Initial] Sum Assured / Protection Amount 1 [Initial] [M/Q/SA/A] Premium 2 Premium Payment Term 3 Benefit Term Basic Plan Supplementary Benefits e.g. Accidental Death Benefit Double Indemnity Hospital Income Total [Initial] [M/Q...

... : Smoker / Non Smoker 2. Benefit Summary Policy Currency: Benefit Description [Initial] Sum Assured / Protection Amount 1 [Initial] [M/Q/SA/A] Premium 2 Premium Payment Term 3 Benefit Term Basic Plan Supplementary Benefits e.g. Accidental Death Benefit Double Indemnity Hospital Income Total [Initial] [M/Q...

... : Smoker / Non Smoker 2. Benefit Summary Policy Currency: Benefit Description [Initial] Sum Assured / Protection Amount 1 [Initial] [M/Q/SA/A] Premium 2 Premium Payment Term 3 Benefit Term Basic Plan Supplementary Benefits e.g. Accidental Death Benefit Double Indemnity Hospital Income Total [Initial] [M/Q...

... allowed  to  show supplementary  illustrations, such as withdrawal or  premium offset?  A  3.   Insurers  are  allowed  to  show  supplementary  illustrations  on  optional  product  feature  (except  premium  offset where  the  requirement  under  section  4.1.3  of  Appendix I to the GN16 applies...