It is expected that some of the 70,000 insurance brokers registered with the Hong Kong Federation of Insurers will be affected as many rely on the sale of upfront commission paying products to support their business costs and personal income. Photo: Dickson Lee

City insurance authority bans indemnity commissions

Sales of savings plans will be hit as brokers are prohibited from earning commission on long-term policies upfront in move to protect clients

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It is expected that some of the 70,000 insurance brokers registered with the Hong Kong Federation of Insurers will be affected as many rely on the sale of upfront commission paying products to support their business costs and personal income. Photo: Dickson Lee
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