First, what unionpay international said above refers to buying insurance in Hong Kong with UnionPay cards, not that Hong Kong insurance cannot be bought! If you use visa, check, cash, wire transfer, etc. Then it will not be restricted by the above regulations of UnionPay! However, according to the regulations of SAFE, there is no problem that the foreign exchange does not exceed 50,000 US dollars within one year.

Secondly, I consulted the relevant people in the insurance industry earlier, and the current account insurance related to tourism consumption such as accidents and diseases was not affected by yesterday's news. Life insurance and savings insurance can still be purchased today (29th), but the premium (note, it is not the insured amount! ) It is required that under $5,000, a UnionPay card can only be charged a limit of $5,000 a day. Because the foreign exchange administration had no restrictions on the number of credit cards before, it is still very common to exchange soft credit cards for large insurance policies in Hong Kong.

3. What should I do if I bought a large life insurance before? Will renewal be affected? As mentioned in the first point, payment can be made by means other than UnionPay, including VISA, check, cash and telegraphic transfer, and the amount cannot exceed 50,000 US dollars in the same year. Or you can use multiple UnionPay cards or pay in multiple days.

In any case, yesterday's news has proved that the door to buying insurance in Hong Kong has gradually tightened.

According to the latest statistics released by the Office of the Commissioner of Insurance of Hong Kong on August 3rd, 2008, the premium of new policies purchased by mainland residents in Hong Kong in the first half of this year was HK$ 30 1 billion, accounting for 36.9% of the total new policies for personal business in the first half of this year, which was close to the total amount of last year (HK$ 301600 million), while that of mainland residents in 20 1 year.

An earlier friend went to Hong Kong to buy insurance last month, saying that the situation was like mainlanders robbing houses. Take a look at the picture below.

This situation has intensified recently.

First, since June 5438+00, the pressure of RMB depreciation has continued to increase, and the decline of RMB against the US dollar is obviously more violent than before. 1October 28th 10, the onshore RMB fell below the 6.78 mark against the US dollar, and the offshore RMB even fell below the 6.79 mark, reaching 6.8. The continuous depreciation of RMB undoubtedly accelerated the outflow of RMB through insurance channels in Hong Kong.

Second, Hong Kong insurance can provide insurance policies denominated in US dollars, which can realize global resource allocation and reduce asset impairment caused by exchange rate fluctuations, which is very attractive to high-net-worth people. Some people also use insurance as one of the means of tax avoidance.

Third, through the experience of buying Hong Kong earlier, Hong Kong insurance policies have several advantages over mainland insurance policies.

1. Under the same conditions, the underwriting cost of insurance in Hong Kong is lower and the compensation conditions are relatively better than those in the Mainland. For example, critical illness insurance, some types of insurance can be paid as long as the hospital issues an insurance certificate, and can be paid multiple times;

2. Under the same conditions, the coverage of insurance in Hong Kong is wider, and the same amount of insurance may cover more diseases;

3. The income from dividend insurance is relatively high;

It is said that the average life expectancy of Hong Kong people is longer than that of the mainland, so the odds offered by actuaries when making models are more generous, which means it is cheaper to buy critical illness insurance in the mainland.

Based on the insurance fire in Hong Kong, in June this year, the China Insurance Regulatory Commission issued five risk warnings about mainland residents going to Hong Kong to buy insurance, emphasizing that Hong Kong insurance policies are not protected by mainland laws.

At the same time, Wang Yungui, director of the General Department of the State Administration of Foreign Exchange, publicly stated during the year: "If you buy life insurance or return dividend insurance abroad, it is a transaction under finance and capital. For this insurance product, the current foreign exchange management policies and regulations do not explicitly allow it. At present, capital account convertibility is progressing in an orderly manner, and there are a lot of risks in operating such unopened overseas insurance products. "

Therefore, you must choose the right insurance, and at the same time, you must choose reliable insurance companies and insurance agents, communicate well and go to Hong Kong for an interview! Okay, this is very important.

However, I want to remind you in advance that buying insurance belongs to a negative sum game to some extent. The premium you pay itself includes risk probability, sales commission, operating cost and profit of insurance company. PICC and actuaries checked, so how to calculate that the insurance company should not lose money. Therefore, the more insurance, the better, especially for those low-income people who still have problems in their own lives. Whether to buy commercial insurance is not recommended here.

Negative sum game refers to the result of conflict and struggle between the two sides, that is, the gain is less than the loss, that is, the sum of the results we usually say is negative. It includes both lose-lose situations, and both sides have different degrees of losses; He also includes another game, in which the "winner" gets less loss than the "loser".

What about insurance? If you die, the insurance company can't bring you back. If you have an incurable disease, the insurance company can't cure you. There is nothing to do but give you money.

But why buy it? For example, if you are seriously ill, you can buy it. At least when you are sick, the amount of compensation can treat you. If you get sick, what can you do with technological progress? ! ! In addition, it will not cause too much burden to the family. In many cases, a serious illness will bring down the whole family.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.