Tourists cross Hong Kong’s Victoria Harbour in a ferry. Of the two funds, the life insurance kitty will be worth HK$1.2 billion, and another, at HK$75 million, will cover general insurers. Photo: Bloomberg

HK$1m safety net per policy for Hong Kong policyholders in case of insurer collapse

City’s insurers to pay 0.07 per cent of income from premiums for two compensation funds

Topic |   Insurance

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Tourists cross Hong Kong’s Victoria Harbour in a ferry. Of the two funds, the life insurance kitty will be worth HK$1.2 billion, and another, at HK$75 million, will cover general insurers. Photo: Bloomberg
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