... cooling-off period, levy paid is fully refundable irrespective of the amount of premium refund. Insurer may net-off the refund of levy already remitted to the Authority in the subsequent levy remittance and report this in the remittance return as mentioned in paragraph 16 below. 14. Insurers must maintain...

... measures like enhanced upfront information disclosure and a longer cooling-off period. Up to the end of October, 20, 800 policies have been issued through TFMs, producing $320 million of annualized new premiums. According to the data collected so far, the customers taking advantage of TFMs are younger...

... measures like enhanced upfront information disclosure and a longer cooling-off period. Up to the end of October, 20, 800 policies have been issued through TFMs, producing $320 million of annualized new premiums. According to the data collected so far, the customers taking advantage of TFMs are younger...

... Qualifying Deferred Annuity Policy (QDAP) What is your current age? Which currency you wish to pay for the premiums? How long (the period of time) would you choose to pay the premiums? What...

.../offshore", "premium term" and "distribution channel" as shown in the Forms HKLQ1-1(e), HKLQ1-1(f), HKLQ1-1(g) and HKLQ1-1(h) respectively. NO. OF POLICIES ^ AMOUNT OF SUMS ASSURED Single Premiums Receivable in Revenue Account in the Period * OR ANNUITIES PER ANNUM * Please provide further breakdown of the...

..., etc.) and how these aspects may have adverse impacts on the outcome of the insurance policy. 20. Insurers and insurance intermediaries must clearly explain to the customers the impact of their use of premium financing on the customers’ rights to cancel the policy within the Cooling-off Period...

... Such requirement is considered important for safeguarding the clients’ rights to cancel their new long term insurance policies issued by insurers within the 21-day cooling-off period under the Hong Kong Federation of Insurers’ initiative on “Cooling-off Period”. Annex Page 3 of 11 However, it was noted...

... savings into a stable stream of income over a period of time to address the financial risks arising from longevity. There are a variety of deferred annuity products in the market. You should understand the policy structure in order to choose one that suits your individual needs. Deferred...

... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...

... The basic concept is fairly simple: you pay a premium (in a lump sum or by instalments) to an insurance company, which in turn, provides you with a regular annuity immediately, or after a designated period of time, or when you reach a certain age for the period specified in the contract. Since this...