How to buy the insurance in Hong Kong

							How to buy the insurance in Hong Kong

How to buy the insurance in Hong Kong 2007-8-12 9:18:00 Source: Morning News
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As to Hong Kong travel, study, rapid increase of people, buying an
"insurance policy in Hong Kong" also included in the choice of
many people. So, to which the public can buy legitimate "policy in Hong
Kong?" What processes need insurance? Current Insurance Edition on
trying to give you a preliminary answer.
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"Hong Kong policy" insuring process elements
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Signed in the Mainland of Hong Kong insurance are "underground
insurance policies", the Hong Kong insurance agents to sell insurance in
China is illegal, not legal protection of such policy, future claims will run into
problems and complaints.
So if Mainland residents to visit Hong Kong, in school insurance, this policy legal? In
fact, there is no clear legal requirement for Mainland residents may not purchase the
insurance within Hong Kong. In addition, study or work in Hong Kong long term
mainland residents, most of the city "Hong Kong Identity Card"
(as opposed to "permanent citizen"), to purchase insurance in
Hong Kong are also common. According to the Commissioner of Insurance
Department data released in the first quarter, revenue insurance market in Hong Kong,
mainland visitors to create the office premiums to reach 8.35 billion, accounting for
5.2%.
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AXA Hong Kong, the staff explained to reporters yesterday that if consumers in the
mainland, then they can not sell the insurance to consumers, but when the Mainland to
Hong Kong residents to be able to display all of their insurance policy. But
HSBC's Hong Kong insurance can only be sold to Hong Kong residents,
that is, those holding Hong Kong Identity Card, Hong Kong and Macao passport
holders light of mainland tourists can not buy.
So if people want to buy "policy in Hong Kong", first of all
should understand clearly the company's policy is fully compliant. The
next interview to a specific case for you introduction.
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Example: Xiao Xu insurance
Xiao Xu to students studying in Hong Kong as an example. Little Alex in Shanghai,
was admitted to a university in Hong Kong, then Hong Kong would like to buy
insurance policy.
Carrying out the school in time to prove, Xiao Xu at the Immigration Department to
do the "Hong Kong Identity Card", and opened in Hong Kong
HSBC account.
Xiao Xu select an HSBC Term Life Insurance. In order to do elsewhere, and Xiao Xu
a specially-line searching for the "Hong Kong Federation of
Insurers" website, enter the name of the agent, the agent directly relevant
information, including the appointment of the insurance company name,
agent's license and business registration and set aside time range.
He signed with the sales of the insurance contract, the initial premium payment.
Subsequently, each year the HSBC account from Xiaoxu deduct an annual fee, annual
insurance dividends are automatically deposited into his account. Monthly bank
statements in, can see the "Life" column for the data.
Xiao Xu also noted "the Commissioner of Insurance of Hong Kong Special
Administrative Region Government" in contact, what questions ask in time.
(Www.oci.gov.hk, Tel :00852-28690252)
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Many reports say that the policy of Hong Kong has a high return and high security,
and the relative advantages of large mainland, then the return rate is actually higher
than the Mainland to provide insurance protection to what advantage?
Three kinds of advantages are attractive
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Advantage of a high security
Some insurance companies in Hong Kong life insurance generally offers savings of
10% to 20% return rate, additional annual cash bonus or fund balances, dividend 0%
-30%, according to company conditions.
But the mainland's life is scheduled to set interest rate of 2.5%, although
many reports recently that the regulatory authorities have the intention to relax the
current cap, but the official document has not yet been introduced. However, if the
next scheduled interest rate life Insurance Regulatory Commission to be open, with
the market mechanism, then the life insurance policy will definitely favored the
Mainland has doubled.
Lack of high policy Mainland and Hong Kong policies often MN coverage, which is a
major reason to attract consumers.
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Edge 2 with a family and I guarantee
Hong Kong, accident insurance, not only for accidental death or disability
compensation, it also provides outpatient and inpatient medical costs of subsidies. If
the family unit, to bring their spouses and children with insurance, the premium is
more favorable. In addition, no claims for 5 years, 30% of the insured can get cash
back paid the premium.
Mainland's accident insurance usually does not provide family services
co-insurance, for insured more than 500,000 yuan of policy, often to an additional
audit procedures.
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Advantage 3 "incontestable" clause
As     for    protection,    the    Hong     Kong     insurance    policy     has    a
"non-controversy" provision that insurance companies can not
be any reason, declared effective by more than two years of the life insurance policy
"void."
In short, the insurance company to the insured concealed, omitted, falsely accused of
other reasons to defend a two-year period, more than two years, the insurance
company may not invoke the non-payment of compensation.
Mr. Wang signed the policy in the following example, two years, suddenly found
themselves with a disease of the insured passed away, his family wants to apply for
claims, but the Mainland insurance companies are likely to "hide the
person who closed the disease situation" and refused to claim In Hong
Kong, once after a two-year contestability period, "non-controversial
provisions," dismissed the insurance company this reason, Mr.
Wang's family could receive compensation.
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