To buy Hong Kong insurance, you must go to Hong Kong to sign the bill, otherwise signing the bill in the mainland is an "underground insurance policy" and is not protected by law. In addition, insurance in Hong Kong also faces exchange rate risks. Most insurance products in Hong Kong are purchased, settled or paid in Hong Kong dollars and US dollars. If something similar to the financial crisis happens again, the insured is likely to lose everything.
Next, what are the differences between Hong Kong insurance and mainland insurance? First of all, from the cost point of view, the rate of purchasing guaranteed insurance products in Hong Kong is lower than that in the Mainland. On the one hand, there is an exchange rate between RMB and Hong Kong dollar, and on the other hand, the insurance market in Hong Kong is fiercely competitive and the price is relatively cheap. For the same protection, the premium purchased in Hong Kong is 20% ~ 30% lower than that purchased in the Mainland.
In addition to low rates, Hong Kong's guaranteed insurance products usually have a wide range of coverage, which is beneficial to the interests of the insured and the insured. Take critical illness insurance as an example. Insurance products in Hong Kong are not only cheaper, but also have wider coverage. Another example is accident insurance, which usually includes not only compensation for accidental death and disability, but also compensation for emergency and hospitalization expenses.
Judging from the rate of return of savings insurance, because Hong Kong has more extensive investment channels for insurance funds, the probability of obtaining high returns is relatively high. Most savings life insurance companies in Hong Kong offer compound annual returns of more than 4%, even as high as 5% ~ 10%. Dividend policy also includes annual cash dividend or fund balance, with dividend of 0% ~ 30%, depending on the company's operation. Correspondingly, the predetermined interest rate of life insurance in Chinese mainland has been set at 2.5% for a long time, and it was not raised to 3.5% until August 20 13.
On the other hand, due to the strict physical examination, financial audit and other factors, it is not easy for the insured to buy a policy with a premium of more than one million yuan. However, the policy amount in Hong Kong is relatively high, and it is common to insure one million yuan, which is also a major reason to attract high-income people to go to Hong Kong for insurance.
For the insured who want to arrange family protection, the policy of "married children can be insured together" in Hong Kong is also an advantage. For example, if you take your spouse and children to insure accident insurance, the premium is usually favorable. In addition, products such as accident insurance have not been settled for five consecutive years, and the insured can enjoy "no settlement treatment" and get a cash return of 30% of the premium paid. The design of these details is more humanized. This article is from-Insurance Brother (983500 1 17).
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.