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  • August 31, 2014
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  1. Business - Money - INSURANCE

    Hong Kong consumers angry after being sold complex insurance product ILAS

    Posted Jun 17th 2013, 12:00am by Nicky Burridge, Jasper Moiseiwitsch

    ... In February last year, Leung Chung-yan, 27, had some potentially cancerous masses removed from her breasts. The kindergarten teacher did not have medical insurance to cover the operation and had ... Knowing little about investing, Leung met a friend, Cat Lau, who worked at Convoy Financial Services, an advisory firm. Lau recommended Leung take out Standard Life's "Harvest 101 ...

  2. Insurance deals make classic cars come to life

    Posted Jul 17th 2009, 12:00am by Staff Reporter

    ... The dream of owning a classic car can be a frustrating one because the costs can prove prohibitive. But there is a range of niche insurance products that can bring that dream of driving ... general rule with motor insurance is that older cars attract a loading cost. And classic cars tend to be sporty or open-top cars which result in even higher premiums. So it can be costly when you ...

  3. Business - Companies

    Ping An’s new business value rebounds as premium sales rise

    Posted Dec 10th 2012, 01:47pm by Bloomberg

    ... Yamaichi International. Ping An’s agents averaged 7,316 yuan (US$1,175) in new business per month in the first half of this year, compared with 4,800 yuan at larger China Life Insurance and 4,400 ... China Life’s and China Pacific’s, according to Xia. “When we look at life insurers’ capital strength in real terms, we would also consider the impact of profits their business can generate ...

  4. Business - Banking & Finance - REGULATION

    Sales of traditional insurance products benefit from tighter rules on investment-linked policies

    Posted Mar 31st 2014, 11:51am by Enoch Yiu

    ... traditional life policies, which allow insurance companies to decide how to invest the premiums and pay guaranteed dividends to policyholders. MassMutual also focuses on annuity products, a type ... Enoch Yiu enoch.yiu@scmp.com Insurers back to basics amid new rules A tightening of the regulations on investment-linked insurance policies since July has made insurers shift focus ...

  5. Prudential may enter yuan insurance fray

    Posted Jan 14th 2011, 12:00am by Enoch Yiu

    ... 20 per cent since 2004. If it launches such products, Prudential will join Bank of China Life, HSBC, MetLife and MassMutual Asia, which have introduced yuan life insurance policies ... Enoch Yiu British insurer Prudential, which is listed in Hong Kong and is the fourth largest in the city, is studying plans to introduce yuan insurance products in the second quarter ...

  6. Mother fights insurer for refund on life policy

    Posted Jun 11th 2012, 12:00am

    ... Nicky Burridge moneypost@scmp.com Qidi Aixinjueluo Whitaker bought an expensive life insurance plan from Prudential in 2009. She has tried, in vain, to get a refund on the policy. Her ... a savings or investment plan. The specifics of what happened next are disputed. Whitaker says Prudential sold her a life insurance plan, even though she did not want it. Rick Adkinson, ...

  7. Life-cover licence a first for general insurer Huatai

    Posted Jun 09th 2004, 12:00am by Christine Chan

    ... Christine Chan Huatai Insurance, China's fourth-largest property and casualty insurer, will become the first mainland firm to operate both general and life insurance divisions. A Huatai executive confirmed yesterday that it had the go-ahead from the China Insurance Regulatory Commission (CIRC) to set up a life insurance joint venture. This will make it the first company ...

  8. Magazines - Money - INVESTMENT: INSURANCE

    Your life in the balance

    Posted Sep 17th 2012, 12:00am by Nicky Burridge

    ... Ensuring the right level of life insurance is the foundation to all sensible- and pre-emptive- financial planning, writes Nicky Burridge Your life in the balance The thought of not being ... benefit, we ask who needs life insurance and what to consider when buying a policy.   Who needs life insurance? Sheila Dickinson, senior wealth manager at independent financial advisor the Fry ...

  9. Why we urgently need an insurance authority in HK

    Posted Nov 22nd 2011, 12:00am

    ... only half that of traditional policies, when the market was hurt by the global financial crisis. In the first half of this year, 30 per cent of all life insurance policies sold were investment ... Enoch Yiu The increasing popularity of investment-linked policies shows Hong Kong has an urgent need for an insurance authority to regulate the salespeople who market these products. ...

  10. China Life vows to contest lawsuit by US shareholders

    Posted Mar 19th 2004, 12:00am by Christine Chan

    ... Christine Chan Faced with its first taste of United States litigation, China Life Insurance said it would 'vigorously' contest a class-action shareholder lawsuit filed against ... fraud to the tune of US$652 million' at unlisted parent firm China Life Insurance Co. The parent also engaged in allegedly 'criminal acts' involving fraudulent premium payments, ...




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