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Question: What are the risks of life insurance in Hong Kong? What is the biggest advantage of life insurance in Hong Kong?

Answer: The biggest advantage of Hong Kong people's life insurance is that there are no "exemption clauses" and "uninsured items"! Nothing can be saved within a year except suicide and shooting.

Hong Kong's insurance advantages: high insurance coverage (if there is no insurance problem in life insurance policy), low premium, high guaranteed return, exemption from inheritance tax, comprehensive medical insurance, many critical illness insurance projects, strict industry supervision, strict insurance coverage, standardized claims settlement, overseas investment (funds entering and leaving Hong Kong legally and freely), global joint guarantee (global guarantee), perfect insurance products, RMB appreciation in recent years, and higher cost performance of Hong Kong insurance. The Privacy Ordinance of the HKSAR protects the personal privacy of the insured.

Question: What are the advantages of the Hong Kong insurance policy?

A: Compared with the same insurance coverage in China, the insurance premium in Hong Kong is cheaper, the return is high, the coverage is wide, and the claim terms are loose. Because Hong Kong is one of the three largest financial centers in the world, including Los Angeles, London and Hong Kong in Asia. So you can enjoy lower insurance premium and higher return on investment in Hong Kong. At the same time, most insurance companies operating in Hong Kong are top multinational insurance companies in the world. Coupled with the complete legal system in Hong Kong and the strict supervision of the British legal system, it has given the insured a high degree of integrity and comprehensive protection. Buying insurance in Hong Kong is a legal document.

1. For the insured of the same age, the premium in Hong Kong is usually 60%-70% of the domestic policy.

2. If it is a major disease, it will cover more diseases, covering 52 early serious diseases and covering more comprehensively.

3. After the policy expires for five years, the cash value has been higher than that of the domestic policy.

Question: Why do you say that buying Hong Kong insurance can avoid taxes and pay off debts?

Answer: Hong Kong itself is a tax haven, and there is no need to levy inheritance tax since 2006. Even in the United States, where taxes are levied all over the world, as long as you pay for life insurance, no matter where you buy it, you can avoid taxes and liabilities.

Rich people go to Hong Kong to buy insurance, mostly for the asset transfer function of "tax avoidance", "debt avoidance" and "hedging". Insurance is an invisible asset with high confidentiality. According to informed sources, some small and medium-sized owners who are on the verge of bankruptcy actually mortgaged their industries to mainland banks for cash, changed hands to buy insurance in Hong Kong, and smuggled huge assets overseas. It is hoped that under the legal framework of "insurance right is greater than creditor's rights" overseas, even if the company is liquidated, the insurance policies in their hands will not be squandered, so as to achieve the purpose of preserving assets.

Problem: The insurance period is long and needs long-term service. Is it inconvenient to go to Hong Kong to settle claims?

A: General daily outpatient medical insurance has a high claim rate, so you can consider buying it locally, while products with less after-sales service and obvious advantages such as critical illness insurance, life insurance and dividend insurance are best bought in Hong Kong. For claims service, customers themselves do not need to make claims in Hong Kong. Just send the original claim documents to Hong Kong. Insurance in Hong Kong is open to the whole world, which is very convenient. For example, some high-end medical insurance is directly settled with world-renowned hospitals, and customers can go in for treatment without any money, which is far from being comparable to domestic insurance. (Generally, in the case of complete documents, the claim settlement time is generally 3-4 working days. )

Q: The names of diseases in Hong Kong are different from those in the Mainland. Does it have an impact on claims?

Answer: Due to language translation, the two places have different translations of the same disease, such as Parkinson's disease, which is translated into Parkinson's disease in the Mainland and Parkinson's disease in Hong Kong, but both refer to the same disease. Therefore, the difference in the translation of disease names has no effect on claims!

Question: How to pay the annual fee for insurance in Hong Kong?

A: Customers can open a bank account in Hong Kong and pay the premium through bank autopay. There is no handling fee for online bank transfer, and the transfer amount is settled at the exchange rate of the day. For accounts opened in Hong Kong, transfer, remittance and audit can be conducted through the Internet, and remittance can also be directly transferred from domestic banks to insurance company accounts. (RMB 138 is charged for domestic bank remittance, and 65 yuan dollars is charged for Hong Kong bank transfer) If you come to Hong Kong every year, you can pay the premium in cash by the way, depending on your personal choice.

Q: How do Chinese mainland people enjoy after-sales and claim settlement services?

A: Once legally insured in Hong Kong, customers do not need to go to Hong Kong insurance companies in person for after-sales and claims service in the future. If necessary, customers can choose two ways to claim compensation: 1. Customers send claim documents or other service applications directly to agents and bring them back to the company. After the claim is settled, the company sends the cash check with the customer's name directly to the customer and confirms it by letter. 2. The customer directly contacts the service department of the insurance company, sends the claim data to the company, and the company sends the cash check to the customer after the claim is settled. In addition, every customer will have an online service account, and they can know their account information through the company website. And every year, we can receive letters of dividend information and service-related letters and notices.

Question: How to handle the litigation between domestic customers and insurance companies in Hong Kong?

A: Hong Kong insurance companies operate according to the highest principle of good faith, and the policies issued are transparent and fair, which minimizes the possibility of understanding differences and litigation with customers. Differences between customers and insurance companies are usually handled in a humane way by the Hong Kong Insurance Claims Bureau in line with the principle of "sticking to the rules and fair and reasonable negotiation", so as to protect the interests of customers as much as possible and avoid litigation. If the company's mistakes affect the claims, the customer's insurance agent will lodge a complaint with the company to safeguard the customer's rights and interests.

Question: Is it legally protected for Chinese mainland people (mainlanders) to buy insurance in Hong Kong?

A: Insurance in Hong Kong is open to the whole world. Insurance companies all over the world can apply to operate in Hong Kong. Anyone in the world can come to Hong Kong to buy insurance. As long as the process conforms to the laws of Hong Kong, this is a free market economy. Hong Kong is a world-renowned free economy, with a perfect common law system left over from Britain, which has been effectively implemented. Therefore, as long as the insurance policy is legally signed in Hong Kong, regardless of the nationality of the insured, it is supervised by the Office of the Commissioner of Insurance of Hong Kong and protected by the laws of Hong Kong. Legal insurance policies signed by mainland residents (mainland residents) in Hong Kong enjoy exactly the same rights and interests as those signed by local people in Hong Kong.

Question: Does the coverage of the Insurance Claims Complaints Bureau include non-Hong Kong residents? Are complaints from non-Hong Kong residents about purchasing insurance accepted?

A: The Complaints Bureau was established in February, 1990. Its purpose is to provide an effective free channel for individual policy holders or their beneficiaries to coordinate and resolve their claims disputes with the member companies of the Complaints Bureau on individual policies.

In the past few years, due to the significant increase in the number of insurance purchased by non-Hong Kong residents and local residents (Hong Kong), the Bureau decided to extend the service scope to non-Hong Kong residents (all foreigners, such as customers in Chinese mainland, Japan, Taiwan Province Province and Southeast Asia) from May 1 2003. The Consumer Council believes that as long as the policy is based on the laws of Hong Kong, all policy holders, no matter where they live in Hong Kong, can use the free service of the Complaints Bureau, which is fairer.

Q: What do you mean this plan is not suitable for use in Chinese mainland?

A: Chinese mainland's endorsement is invalid and not recognized. To buy Hong Kong insurance, you must sign the bill in Hong Kong, which is protected by Hong Kong laws.

Question: Does the insurance bought in Hong Kong have no tax avoidance function in China?

Answer: Since the insurance purchased in Chinese mainland is out of the control of the laws of, the China government has no right to interfere, so the function of tax avoidance and debt avoidance is definitely safer and more effective than that in China.

Question: In China, you can declare death after missing for two years, but in Hongkong, you can declare death after missing for seven years? If you are in danger in the Mainland, does the life-long compensation project of Hong Kong insurance require a Hong Kong lawyer to confirm your death?

Answer: The laws of the two places are really different. For example, according to the regulations of the China Insurance Regulatory Commission, if the insured dies as a minor, the maximum death insurance premium is 65,438+10,000, while the maximum compensation in Hong Kong is 3.2 million. Its life claim project does not need a Hong Kong lawyer to identify the death, but requires the beneficiary to come to Hong Kong to go through the formalities of receiving compensation.

The premise is that the death must be notarized by the domestic notary office. (In addition to the original documents required for notarization of death, other photocopies are enough. )

Q: Are insurance companies in Hong Kong also at risk of bankruptcy?

A: Regarding life insurance, the Hong Kong government has very strict supervision over the insurance industry in Hong Kong. Every time a copy is sold, the Hong Kong Office of the Commissioner of Insurance will require Hong Kong insurance companies to leave 80% of the assets of the policy in Hong Kong to better protect the interests of the policyholders. If a life insurance company in Hong Kong is on the verge of crisis due to poor management, the Hong Kong government will step in and let the insurance companies with financial strength merge with insurance companies to protect the life insurance policies sold in Hong Kong from losses. The Hong Kong government is also setting up the Hong Kong Life Insurance Reinsurance Fund to guarantee every life insurance policy sold in Hong Kong.

Q: Why is the exemption clause the most intuitive manifestation of the difference between insurance products in the Mainland and Hong Kong?

A: Comparison table of common exemption clauses between domestic and Hong Kong insurance companies.

Exemption clause of Ping An X life liability of mainland insurance company:

If the insured dies under any of the following circumstances, we shall not be liable for paying the insurance money:

(1) Intentional behavior of the applicant or beneficiary;

(2) The insured intentionally commits a crime or resists arrest, and intentionally hurts himself;

(3) The insured takes, smokes or * * *;

(4) The insured commits suicide within 2 years from the effective date (or final reinstatement) of this main insurance contract;

(5) The insured is drunk driving, driving without a valid driver's license or driving a motor vehicle without a valid driver's license;

(6) During the period when the insured suffers from AIDS or is infected with HIV;

(7) War, military action and armed rebellion;

(8) Nuclear explosion, nuclear radiation or nuclear pollution.

In case of the above (4), this main insurance contract is terminated and we will refund the cash value of this main insurance contract.

In case of the above other circumstances, this main insurance contract is terminated. If you have paid the insurance premium for more than 2 years, we will refund the cash value of this main insurance contract; If the insurance premium is not paid for 2 years, we will refund the insurance premium after deducting the handling fee.

There is no exemption clause in Hong Kong insurance. The insured commits suicide within one year from the effective date of the policy, and his death can be compensated under any circumstances except shooting.

Q: What is an "indisputable" clause?

A: The "indisputable" clause is that Hong Kong stipulates that insurance companies cannot declare life insurance policies that have been in effect for more than two years "invalid" for any reason. To put it simply, the time limit for an insurance company to defend against reasons such as concealment, omission and false accusation of the insured is two years. After more than two years, the insurance company shall not refuse to pay compensation on this ground. For example, two years after signing the insurance policy, Mr. Li suddenly found himself dying of an insured disease, and his family wanted to apply for compensation. If he is in the mainland, the insurance company may refuse to pay compensation on the grounds that "the insured concealed his illness at that time", but in Hong Kong, once the two-year dispute period has passed, the "indisputable clause" can reject the insurance company's reasons, thus protecting the rights and interests of the insured.

Question: Why is the policy premium in China higher than that in Hongkong, but the return is lower?

Answer: First of all, the domestic government's supervision of insurance companies is relatively conservative, and companies have more restrictions on investment, so they can't invest overseas and can't make the most effective investment; Moreover, the fee structure of insurance companies in the two places is also different. Because insurance companies in Hong Kong have better business quality and can invest in any country in the world, the rates and dividends are more beneficial to customers.

Hong Kong is one of the three largest international financial centers in the world. Financial services are fiercely competitive, and products are of course more advantageous. Domestic residents who take out insurance in Hong Kong can get higher protection, complete terms, convenient claims and more comprehensive protection (for example, some domestic insurance companies cover 40+ 10 major diseases, while Hong Kong's critical illness insurance covers 56+ 18).

Question: What should mainland guests bring when they come to Hong Kong to buy insurance?

A: Mainland guests need to bring their Hong Kong and Macao passes (or passports) and ID cards when they come to Hong Kong for insurance. If husband and wife protect each other, they need a marriage certificate or household registration book; If you insure your child, you need the child's birth certificate. (Pay by credit card with UnionPay logo)

Q: What are the requirements for domestic customers to insure in Hong Kong?

Answer:

A. Have legal documents to sign the insurance policy in Hong Kong.

B. Have a basic understanding of the system in Hong Kong.

The health of the insured meets the insurance requirements.

Question: What are the steps for mainland residents to apply for insurance in Hong Kong?

Answer:

1/ The applicant comes to Hong Kong to apply for insurance with complete documents (the whole process only takes about 2 hours).

2/ Sign the bill at the insurance company.

3/ Open an account in a bank near the insurance company (convenient for later payment and compensation).

Question: Why do you need to get an "entry paper" when you come to Hong Kong for insurance and take the self-service customs clearance channel?

Answer: When you come to Hong Kong for insurance and take the self-service customs clearance channel in Hong Kong, you must get the printed "entry paper" and hand it over to the insurance company for entry record!

Q: I already have social security and medical insurance in the mainland. Do I need to buy commercial insurance in Hong Kong?

Answer: Social security and medical insurance are the most basic and basic guarantees. Commercial insurance, on the other hand, can provide more extensive, relaxed and rich family protection. Choosing commercial insurance is a better way of life.

Insufficient social security:

A. When a customer leaves his family one day, social security can't provide a large sum of money to take care of his family and handle the funeral with dignity.

B. If the customer needs medical treatment, social security can only provide local minimum standard medical services, neither can we choose foreign hospitals that may be more suitable for us, nor can we use more advanced drugs that are not designated by social security, and we can only use minimum standard wards and medical equipment. At the same time, during the illness, nutrition expenses, nursing expenses, self-funded medical expenses, mortgage expenses and family living expenses must be borne by themselves. The maximum amount of social security medical care is not loose.

C. The operation and management of social security is not optimistic. With the decrease of the multiple of the young population in China, the pressure of social security payment will increase day by day, and there is no guarantee to provide a comfortable and decent retirement life in the future.

Question: Why tell the truth when insuring in Hong Kong? Why should I inform you to smoke?

Answer: Insurance is based on "the highest integrity", so it is very important to tell your living habits (such as smoking and drinking). ) and physical condition (whether you have suffered from major diseases, etc. ) truthfully, because these are the key factors for insurance companies to approve policy applications. If it is better to tell the truth about smoking habits, in case of lung cancer in the future, the insurance company will refuse to pay the insurance premium on the grounds of fraudulent insurance.

When you apply for insurance in Hong Kong, you must tell the truth about smoking, because the rates of non-smoking and smoking are different.

Question: What currency can I choose for my insurance policy in Hong Kong?

A: Hong Kong insurance can choose either a Hong Kong dollar policy or a US dollar policy. Now there is also a RMB policy. Among the above three policy currencies, Hong Kong dollar policy and US dollar policy have higher returns, while RMB policy has lower returns. In Hong Kong, RMB insurance policies are generally not recommended to customers, because both Hong Kong dollars and US dollars are freely convertible currencies, which are more international and have wider investment channels. However, at present, the RMB is not freely convertible, and the investment channels are relatively narrow, so the return rate of RMB insurance policies is relatively low.

Question: Why is the official insurance policy in Hong Kong not stamped with the official seal? Is it signed by the person in charge of the company?

Answer: Hong Kong is different from the mainland. In Hong Kong, it is not necessary to use the so-called official seal of the company to confirm the validity of the insurance policy, which is also a common practice in western countries. Verifying the authenticity of the insurance policy in Hong Kong is actually very simple. Customers can call the customer service of the insurance company in Hong Kong, and ask the customer service for personal information and policy number to confirm the authenticity. Another way is to log in to the online account assigned to customers by Hong Kong insurance companies.

Hong Kong society is still a relatively honest society, and there are no endless scams like mainland society. As long as the customer is insured in the way stipulated by the insurance company, everything will be fine.

On the second page of the formal policy contract in Hong Kong, there is the signature of the general manager of the operation department of the insurance company.

Question: Can I insure my newborn baby in Hong Kong? What is the insurance age of critical illness insurance?

Answer: No matter whether the baby is born in Hong Kong or in the Mainland, parents can insure the baby born in Hong Kong for more than 14 days! The age of critical illness insurance in Hong Kong is usually 0 years old (14 days later) -65 years old.

Question: Can Australian HBV-positive carriers be insured for serious illness in Hong Kong? Is it necessary to increase the premium?

A: As long as the liver function is normal and there is no need to take any drugs and follow-up treatment, Australian anti-hepatitis B carriers can usually apply for Hong Kong critical illness insurance or Hong Kong critical illness insurance. (It is usually necessary to check the liver function, and decide the underwriting result according to the inspection report, including normal approval, premium increase, exemption clause increase and insurance refusal).

It should be noted that some insurance companies in Hong Kong charge the insured for hepatitis B virus at the standard rate, without attaching any premium or exemption clauses; However, some companies need to increase premiums or exemption clauses.

Question: Can I get the insurance contract on the spot when I apply for insurance in Hong Kong?

Answer: Not available at the scene. You can't get the policy contract until the policy passes the underwriting procedure.

Question: Do I need a medical examination to buy Hong Kong insurance?

A: Whether to have a medical examination usually depends on the insured's insurance coverage, age and physical condition. If a medical examination is required, the insurance company will arrange a medical examination in a clinic in Hong Kong, and the expenses will be borne by the insurance company.

Q: Why is there a column "Signature of the Insured's Close Relatives" on the application form for insurance claims in Hong Kong?

Answer: When claiming compensation from the insurance company, the insured's relatives are allowed to sign at the "signature place of the insured's close relatives" considering that the insured's body is not allowed to sign.

Question: Does the critical illness insurance in Hong Kong conflict with the critical illness insurance bought in the Mainland?

A: There is no conflict between the critical illness insurance purchased by the insured in Hong Kong and the Mainland at the same time, because the claims are paid independently.

Question: Why is good health the biggest capital for buying insurance in Hong Kong?

A: The purpose of buying insurance is to transfer various risks such as disease risk to insurance companies, so the underwriting procedures of insurance companies, especially Hong Kong insurance companies, are very strict. If you are in poor health, you usually can't buy insurance, so good health is the biggest capital to buy insurance.

Question: Why is critical illness health insurance the most effective insurance?

A: There are many types of insurance, such as critical illness, life insurance, savings, pension, education, fixed investment and so on. I always think that critical illness health insurance is the most secure insurance. There are two reasons: first, people nowadays, whether children, teenagers or adults, are much more likely to get sick, especially seriously ill; Second, the cost of diagnosis and treatment of diseases has greatly increased, which has become a huge potential economic burden for individuals and families. Therefore, in order to protect themselves and their families, it is necessary to establish a "firewall" for critical illness protection as soon as possible.

Question: Can I insure my brothers and sisters in Hong Kong?

Answer: No! Because there is no insurable interest. Insurable interests only exist between parents and children or between husband and wife. That is, husband and wife can insure each other, parents can insure their children, and children can insure their parents.

Question: Why do you say that "critical illness insurance" protects yourself and your family?

A: With the modernization of medical diagnosis and treatment, more and more diseases can be cured, and the cost of treatment increases accordingly. For example, at present, the more effective targeted cancer treatment costs tens of thousands of yuan each time, usually hundreds of thousands of yuan for a course of treatment. Therefore, buying critical illness insurance is an effective way to protect yourself and your family.

Question: What is the difference between the cooling-off period, grace period and waiting period of an insurance policy?

A: The cooling-off period means that within a certain period after the policy takes effect, the insured can apply to terminate the policy contract, and the insurance company must return all the premiums to the guests (except linked insurance). Grace period means that the insurance company allows the insured to pay the premium within a certain grace period (usually 30 days) after the payment date. The waiting period refers to a certain observation period after the hospitalization or critical illness insurance policy takes effect, and these guarantees can only take effect after the observation period.

Question: Can the accumulated dividends of insurance in Hong Kong be withdrawn at any time? Does withdrawal affect the amount of protection?

A: The accumulated bonus can be withdrawn at any time, and it has no effect on the guaranteed amount after withdrawal.

Question: How to understand the guaranteed cash value in the Hong Kong insurance proposal? Will the policy be terminated after it is taken away?

A: "Cash value" is the policy benefit that the insurance company guarantees to return to the guests when surrendering; After surrender, the policy is terminated.

Question: After the Hong Kong insurance policy comes into effect, can the insured check their insurance information online?

Answer: absolutely! As long as you go to the website designated by the company and enter the customer number and password, you can check the policy information online, and even change your phone number and mailing address online. If you buy Hong Kong investment-linked insurance, you can also change your portfolio online.

Problem: dividends are not guaranteed. Will there be far fewer customers in the future?

A: Although dividends are not guaranteed, the dividend forecast listed in the motion is calculated according to the current dividend situation and dividend accumulation rate. The current dividend rate is the lowest in the last decade, and the dividend forecast in the proposal is actually very conservative.