It is actually unreliable for mainlanders to buy insurance in Hong Kong. First of all, if mainlanders go to Hong Kong to buy insurance, they need to go to Hong Kong in person to sign the relevant insurance contract.
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And purchasing a Hong Kong policy in the mainland is actually an "underground policy" and will not be protected by either mainland law or Hong Kong law.
If you don’t have a bank account in Hong Kong, you still need to go to Hong Kong to pay your premium every year, which is really troublesome.
I have previously written a product comparison article about Hong Kong insurance and Mainland insurance. Friends who are interested can take a look: Hong Kong Insurance and Mainland Insurance PK!
In addition, the timeliness of claim settlement of Hong Kong insurance may not be guaranteed. Because Hong Kong insurance has a relatively high degree of marketization, it may take three to six months to reach a conclusion. This is for those who urgently need this money to save their lives. It's really not very friendly to people.
Compared with the mainland, insurance companies are subject to the eight major supervisions of the China Banking and Insurance Regulatory Commission, and the clauses usually state that the claim settlement results must be provided within thirty days. In comparison, mainland insurance appears to be more Normative and humane.
Therefore, I don’t recommend that everyone go to Hong Kong to buy insurance. Not only does it increase the time and money costs of traveling to and from Hong Kong, but it is also not friendly to the insured in terms of legal protection and claims settlement. , in fact, you can just buy insurance in the mainland. Products like these are quite good: ten mainland insurances that are much more cost-effective than Hong Kong insurance
Hope to adopt them!
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