Manulife Hong Kong has launched Genesis, a new participating life-insurance savings plan designed to help customers accelerate their long-term savings. With Genesis, customers only need to pay premiums for five years to enjoy a total internal rate of return (TIRR) of up to 4.29% at the end of the 10th policy year, and a TIRR of up to 7.19% at the end of the 100th policy year, allowing for potential wealth transfer to the next generation.
Prudential Hong Kong Limited has announced a new partnership with Shenzhen New Frontier United Family Hospital (UFH) to introduce a medical expenses direct billing service for its customers.
Sun Life has announced a new initiative that seeks to offer high-net-worth (HNW) clients in Hong Kong, Singapore, and Taiwan access to PinnacleCare's specialised private health advisory services.
AXA Hong Kong and Macau (AXA) has announced the upgrade of FortuneXtra Savings Plan (FortuneXtra) to provide customers with attractive potential returns, professional wealth continuation support, and more flexibility in financial planning to meet customers' ever-changing needs.
A new report indicates a positive trajectory for the life insurance sector in Hong Kong following a period of decline attributed to the COVID-19 pandemic and subsequent economic downturn.
With increased global mobility, more customers are exploring options such as studying abroad, remote working and even overseas retirement. In light of this growing demand, HSBC Life is introducing a brand-new savings plan - the HSBC Eminent Goal Multi-Currency Insurance Plan (the Plan) that can provide up to nine currency options, catering for customers' international needs across education and retirement planning.
Called SunJoy Global, the plan aims to offer long-term savings and growth potential with a focus on investment opportunities that excel in their environmental, social, and governance (ESG) qualities.
AIA Hong Kong has launched its "Global Power Multi-Currency Plan 3" that features enhancements that offer even higher returns and more flexibility - including a Total Internal Rate of Return (Total IRR) expected to exceed 7% for US dollar and HK dollar policies. The new plan's returns surpass those offered by similar products on the market.
Latest research from Cigna Healthcare has found that Hong Kong's vitality levels have significantly deteriorated during the first half of 2023, as the city continues to be plagued by high stress and burnout levels.
Financial advisers should closely monitor updates to laws like the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (AMLO) and ensure their clients' portfolios adhere to these regulations, said Mr Nigel Green, Chief Executive of the deVere Group, an advisory company which operates across the globe.
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