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  1. Mainlanders' life premiums worth only $400m

    Posted Aug 30th 2005, 12:00am by Staff Reporter

    ... Maria Chan Life insurance policies issued to mainland visitors amounted to $400 million in the second quarter, accounting for only 3.5 per cent of premiums for individual business, according to figures released for the first time by the Office of the Commissioner of Insurance yesterday. ' It won't become a main stream of business for Hong Kong insurers ...

  2. BEA boosts its mainland push with China Life deal

    Posted Nov 05th 2005, 12:00am by Staff Reporter

    ... Maria Chan The Bank of East Asia will sell insurance products for China Life Insurance in the mainland to help the bank expand its client base before the market's full opening in 2008. BEA yesterday signed a co-operative business agreement in Beijing under which the bank becomes the first foreign lender to act as a mainland insurance agent for China Life. BEA will sell ...

  3. Pacific Century drops joint venture plans

    Posted Aug 09th 2005, 12:00am by Enoch Yiu

    ... in June to pay $508 million for exchangeable notes issued by two shareholders of Sinolife, China's seventh-largest life insurer. The notes, if fully exercised, would give the insurer a 22.09 ... Enoch Yiu Insurer decides to concentrate on Sinolife investment which would give the company a 22pc stake Pacific Century Insurance Holdings has withdrawn its application to China's ...

  4. New products

    Posted Apr 10th 2005, 12:00am by Staff Reporter

    ... After two successful offers last year, HSBC is again marketing its capital-guaranteed product LifeBond Plus to Hong Kong investors. The bond offers a 20 per cent return over eight years, a capital guarantee, plus the potential for additional returns. 'LifeBond Plus is an all-in-one life insurance, savings and investment product,' says HSBC spokeswoman Ann Pearce. The bond ...

  5. [Life insurers go head to head]

    Posted Oct 08th 2005, 12:00am by Staff Reporter

    ... Life insurance, like almost everything else in the world of business, is a matter of calculating risks and rewards, and these must be assessed on a daily basis. Firms doing business ... long-term potential. One factor is competition. Most insurance companies with a presence in China are offering life policies while they weigh up how and when to introduce other products. 'There ...

  6. AXA seeks marketer with zest for life insurance

    Posted Oct 15th 2005, 12:00am by Elizabeth Horscroft

    ... Elizabeth Horscroft Extrovert life insurance experts looking for a career change should consider this lively option in the industry. AXA China Region Insurance is hiring a senior marketing ... said. This golden opportunity exists for banking or insurance professionals with two to four years' experience. Ideally, bullet points on your resume should include knowledge of marketing, ...

  7. Hong Kong provides rich pickings for global life insurers

    Posted May 14th 2005, 12:00am by Richard Latker

    ... Richard Latker Term life insurance in Hong Kong is among the most expensive in the developed world. Simple term life coverage lasting 20 years with a US$1 million death benefit from HSBC ... in the US- charge so much in Hong Kong? 'US margins are very thin- no one makes money on term life policies in the US anymore,' explained Charles Monat, chairman of insurance broker Charles ...

  8. It pays to read the fine print before you commit yourself

    Posted Aug 18th 2005, 12:00am by Bianca Reyes

    ... can just get your money whenever you want it,' she said. There are several charges involved in such a product, including an insurance charge for life protection, an initial charge ... Bianca Reyes DESPITE WIDESPREAD advice to think carefully before committing to investment-linked insurance plans, Hong Kong consumers are continuing to snap up this type of product. ...

  9. Sun Life sets sights on top five

    Posted May 04th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Insurer to double the number of agents in five years to bolster its expansion drive Sun Life Financial (Hong Kong) plans to almost double the number of its agents- from 536 to more than 1,000- within five years as part of its new chief's plan to push the firm into the top five. Sun Life- ranked 19th among the city's 48 life insurers- would hire 100 agents ...

  10. Insurance firm accused of delaying tsunami payouts

    Posted Mar 21st 2005, 12:00am by Winnie Yeung

    ... yet?' Ms Tong said another company with which her sister's family had taken out life insurance paid out an amount that was several times more than the value of the Blue Cross policy only a month after the December 26 tragedy. The Blue Cross policy amounted to about $300,000 for each of the insured. 'Although the life insurance company has to pay a lot more, it's been ...




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