Is the Chinese people buying AXA insurance in Hong Kong is legal?
2 thoughts on “Is the Chinese people buying AXA insurance in Hong Kong is legal?”
Priscilla
If I go to Hong Kong to buy insurance, is it "smuggling policy/underground policy"? The residents of mainland China went to Hong Kong to sign the insurance letter and go through the relevant procedures, which is not "smuggling insurance policies/underground insurance policies". Signed a contract for insurance in Hong Kong is protected by Hong Kong's insurance.
This depreciation of the RMB, the relatively complete insurance system in Hong Kong, and the seek allocation of overseas assets. In recent years, Hong Kong insurance policies have popularized mainland customers. Seeing that Hong Kong policy is favored by mainlanders, the China Insurance Regulatory Commission recently issued a "warm reminder", reminding mainlanders to come to Hong Kong to buy insurance. The argument 1. Hong Kong policy is not protected by mainland laws
Izon -China Insurance Regulatory reminders that the mainlanders insure Hong Kong policy and need to go to Hong Kong to insure and sign relevant contracts. If there is a dispute, a lawsuit shall be carried out in accordance with Hong Kong law. The China Insurance Regulatory Supervisor proposes that the cost of law litigation in Hong Kong is high and may face higher time and cost costs, and large insurance policies disputes of more than 1 million yuan may not be able to pass the insurance claim complaints.
The curve doubt: Hong Kong law trusts the mainlanders
The first say a fact. Since the number in 2015 has not been announced, reviewing the number of insurance complaints in 2014. In 2014, a total of 27,902 valid complaints received a total of 27,902 complaints, and the actual settlement was 27,227. In the Hong Kong side, the Insurance Cost Calculation Bureau handled 700 complaints in 2014, of which 275 were beyond the scope of authority of the Complaints Bureau. As for the remaining 425 acceptance cases, 344 have been concluded.
Direct comparison, Hong Kong received 40 times less complaints.
What about the complaint content? Mainland insurance complaints are mainly concentrated in property insurance and life insurance. Property and insurance claims disputes account for 75.11%of contract disputes, which mainly reflect issues such as insurance liability identification, fixed loss prices, cumbersome procedures, and unreasonable claims materials. The main complaint of life insurance is about exaggerating product income, confusing the concept of financial savings of insurance and bank wealth management, concealing the exemption clauses, surrender losses, and uncertainty of interests. Misling insurance types are mainly concentrated in dividend insurance.
The on Hong Kong, the dispute mainly involves the interpretation of the policy terms, non -insurance matters, no disclosure of facts, compensation amounts, and violations of guarantee terms or policies. Life insurance and property insurance account for only a few.
In fact, mainlanders are keen on coming to Hong Kong for insurance, mainly due to the long history of the Hong Kong insurance system (insured and compensation), compared with mainland insurance companies, and Hong Kong law also trusted the mainlanders. "Hong Kong policy is not protected by mainland laws" is true, but it is "risk" or "advantage" varies from person to person.
The argument 2. The risk of exchange rates and foreign exchange policies
Izon insurance regulators reminded that mainlanders buy insurance policies in Hong Kong, compensation, insurance premiums pay Hong Kong dollars, US dollars and other foreign currency settlement. Consumers need to bear the risk of foreign currency exchange by themselves. To buy life insurance and return dividend insurance in Hong Kong, it is a transaction under financial and capital. The current foreign exchange management policy has not yet opened this project and has certain policy risks.
Curve doubts: But the vast majority of the settlement currency of the Hong Kong insurance policy is the US dollar in the depreciation of the RMB The circulation is circulating, but the proportion is very small. In the Mainland, its local currency is RMB, and the insurance bills are naturally RMB.
The key point is coming. It is indeed a exchange rate risk at non -local purchase insurance policy in other places, but the focus is on the current depreciation of the RMB, and the depreciation trend seems to have a period of time. The value is actually increased! Although the premiums paid will follow the appreciation, I believe the risk of not paying premiums due to changes in exchange rates should not be great.
It does pay attention to policy risks, but it is necessary to depend on the future of the foreign exchange management policy in the future. At present, Mainlanders can also insure Hong Kong Life Insurance and Investment Return to Reduction. Local insurance agents even clamored that the open order should not be affected, but in the future, the new order will be seen in the stage.
The argument 3. Increased pollution income
Im insurance regulatory reminders, the dividend distribution of the policy dividend insurance guarantee income is uncertain, and the dividend itself has compared Whether it can achieve great uncertainty depends mainly on whether insurance companies can maintain high investment yields for a long time.
Curve doubt: Any dividend policy has uncertainty
positive solution! But this is common sense. The agency will clearly explain the difference between guarantee and non -guaranteed dividends, and reminds non -guarantee dividends depending on the company's investment income.
The key is here again. The reason why mainlanders like to buy Hong Kong dividend insurance policies, because Hong Kong's dividend insurance policies have high returns, especially AIA's abundant XX and Guo Cheng's XX. It is said that basically they are basically both It can achieve non -guaranteed dividends, so some mainlanders believe that the policy income is uncertain, and the most important thing is to be closer to reward expectations.
The argument 4. Large surrender losses in the preliminary insurance policy
Izon insurance regulators reminded that the insured person can only get the cash value of the policy. The early cash value is very low, and the previous two years or even zero.
The curve doubt: Losses in the early stage of surrender are common sense
The questions are common sense questions. Indeed, the early insurance customers will lose heavy losses, but if the insurance policy is insured, I believe that most people will not choose to surrender early? Intersection
The argument 5. You need to carefully read the insurance product terms
The last prompt is really important! It is the use of traditional Chinese characters in Hong Kong's insurance product clauses, which are different from the mainland.
Turned doubts: Insurance agents have mainlanders; Books have simplified characters
It many insurance agents in Hong Kong are mainlanders, and insurance companies have a booklet for simplified characters It is not difficult to understand the content of the policy. Of course, I asked Ming Ming ...
In fact, the mainlanders went to Hong Kong to insure the more common. The data of the Insurance Supervision Office showed that last year, the mainland customers made a new premium of 31.6 billion yuan. Yuan, accounting for 24.2%of the new insurance premiums of 130.9 billion yuan in personal business, an increase of 2.8 percentage points year -on -year. If the quarterly increase is even more severe, the new premiums in mainland customers in the fourth quarter of last year have soared 40%to 10.5 billion yuan, and the recent depreciation of the RMB will promote the sales of US dollars and Hong Kong dollars. But I do n’t know why, the warm reminder of the China Insurance Supervisory Supervisor seems to praise the Hong Kong policy?
The response from the above documents is not difficult to see that Hong Kong as a world financial center, and anyone to complete the insurance in Hong Kong is in line with the requirements.
Similarly, we think in turn. Domestic insurance companies are also insured by foreign people. It is also legal to buy insurance.
In overall, mainlanders go to Hong Kong to choose the insurance product that suits them. The method of swiping cards will be more restricted in the control of the card. This kind of supervision is to all foreign exchange channels, rather than restricting Hong Kong insurance alone.
The last added, Hong Kong insurance credit card payment is just to facilitate mainland customers. Insurance can also be completed through various methods such as remittances, online banking, transfer, and check. It is still recommended that you take advantage of the card to quickly purchase, buy a product at the same time to run a Hong Kong bank card, which will be more convenient in the future.
It must be understood that the mainland residents go to Hong Kong to insure insurance.
If in accordance with my country's laws and regulations, the mainland residents to buy insurance from Hong Kong insurance companies during their visit to Hong Kong are in compliance with the law. As early as 2010, the Guangdong Provincial Insurance Regulatory Bureau made it clear that if the insured in the Mainland went out of the country and voluntarily purchased Hong Kong insurance, then these insurance policies were legal and protected by law.
It, in addition to the regulations of the insurance company in Chapter 41 of the Hong Kong Law, any insurance company authorized in Hong Kong is legal in promoting life insurance in Hong Kong. Mainlanders.
I Hong Kong's insurance is open to the world. Insurance companies around the world can apply for Hong Kong to operate. Anyone in the world can go to Hong Kong to buy insurance. As long as the process is in compliance with Hong Kong law, This is the free market economy.
This Hong Kong is a well -known free economy in the world. It has a perfect normal legal rule of law system left over from the United Kingdom and is valid. The nationality is supervised by the Hong Kong Insurance Supervision Department and is also protected by Hong Kong law.
The legal insurance policy signed by mainland residents (mainland residents) in Hong Kong, with the policy signed by local people in Hong Kong, has the same equity.
The in fact, Hong Kong Insurance Corporation is very strict for a series of processes for customers to insurance.
The Hong Kong Insurance Company usually has a signing certification center. When mainland residents go to Hong Kong for insurance, they must go to handle (minors under the age of 18 may be handled by the guardian with the information). When customers go through the Hong Kong insurance purchase procedures, they will witness the three parties and records the records of the insurance company and record the records as a record for customers to insure in Hong Kong. In addition, the Hong Kong and Macau Pass, and even the pass of the Hong Kong and Macau residents will be preserved as insurance vouchers. All these insured documents signed in Hong Kong are recognized and protected by Hong Kong law.
Residents of mainland China are not protected by mainland laws in Hong Kong, but they are protected by Hong Kong law. Inspection of Hong Kong Insurance Insurance, I personally go to Hong Kong to insure the insurance, otherwise it is an underground policy. It is neither by mainland law nor protection from Hong Kong law. I am full -time Hong Kong Insurance. If you have any questions, you can ask him for consultation.
If I go to Hong Kong to buy insurance, is it "smuggling policy/underground policy"? The residents of mainland China went to Hong Kong to sign the insurance letter and go through the relevant procedures, which is not "smuggling insurance policies/underground insurance policies". Signed a contract for insurance in Hong Kong is protected by Hong Kong's insurance.
This depreciation of the RMB, the relatively complete insurance system in Hong Kong, and the seek allocation of overseas assets. In recent years, Hong Kong insurance policies have popularized mainland customers. Seeing that Hong Kong policy is favored by mainlanders, the China Insurance Regulatory Commission recently issued a "warm reminder", reminding mainlanders to come to Hong Kong to buy insurance.
The argument 1. Hong Kong policy is not protected by mainland laws
Izon -China Insurance Regulatory reminders that the mainlanders insure Hong Kong policy and need to go to Hong Kong to insure and sign relevant contracts. If there is a dispute, a lawsuit shall be carried out in accordance with Hong Kong law. The China Insurance Regulatory Supervisor proposes that the cost of law litigation in Hong Kong is high and may face higher time and cost costs, and large insurance policies disputes of more than 1 million yuan may not be able to pass the insurance claim complaints.
The curve doubt: Hong Kong law trusts the mainlanders
The first say a fact. Since the number in 2015 has not been announced, reviewing the number of insurance complaints in 2014. In 2014, a total of 27,902 valid complaints received a total of 27,902 complaints, and the actual settlement was 27,227. In the Hong Kong side, the Insurance Cost Calculation Bureau handled 700 complaints in 2014, of which 275 were beyond the scope of authority of the Complaints Bureau. As for the remaining 425 acceptance cases, 344 have been concluded.
Direct comparison, Hong Kong received 40 times less complaints.
What about the complaint content? Mainland insurance complaints are mainly concentrated in property insurance and life insurance. Property and insurance claims disputes account for 75.11%of contract disputes, which mainly reflect issues such as insurance liability identification, fixed loss prices, cumbersome procedures, and unreasonable claims materials. The main complaint of life insurance is about exaggerating product income, confusing the concept of financial savings of insurance and bank wealth management, concealing the exemption clauses, surrender losses, and uncertainty of interests. Misling insurance types are mainly concentrated in dividend insurance.
The on Hong Kong, the dispute mainly involves the interpretation of the policy terms, non -insurance matters, no disclosure of facts, compensation amounts, and violations of guarantee terms or policies. Life insurance and property insurance account for only a few.
In fact, mainlanders are keen on coming to Hong Kong for insurance, mainly due to the long history of the Hong Kong insurance system (insured and compensation), compared with mainland insurance companies, and Hong Kong law also trusted the mainlanders. "Hong Kong policy is not protected by mainland laws" is true, but it is "risk" or "advantage" varies from person to person.
The argument 2. The risk of exchange rates and foreign exchange policies
Izon insurance regulators reminded that mainlanders buy insurance policies in Hong Kong, compensation, insurance premiums pay Hong Kong dollars, US dollars and other foreign currency settlement. Consumers need to bear the risk of foreign currency exchange by themselves. To buy life insurance and return dividend insurance in Hong Kong, it is a transaction under financial and capital. The current foreign exchange management policy has not yet opened this project and has certain policy risks.
Curve doubts: But the vast majority of the settlement currency of the Hong Kong insurance policy is the US dollar in the depreciation of the RMB
The circulation is circulating, but the proportion is very small. In the Mainland, its local currency is RMB, and the insurance bills are naturally RMB.
The key point is coming. It is indeed a exchange rate risk at non -local purchase insurance policy in other places, but the focus is on the current depreciation of the RMB, and the depreciation trend seems to have a period of time. The value is actually increased! Although the premiums paid will follow the appreciation, I believe the risk of not paying premiums due to changes in exchange rates should not be great.
It does pay attention to policy risks, but it is necessary to depend on the future of the foreign exchange management policy in the future. At present, Mainlanders can also insure Hong Kong Life Insurance and Investment Return to Reduction. Local insurance agents even clamored that the open order should not be affected, but in the future, the new order will be seen in the stage.
The argument 3. Increased pollution income
Im insurance regulatory reminders, the dividend distribution of the policy dividend insurance guarantee income is uncertain, and the dividend itself has compared Whether it can achieve great uncertainty depends mainly on whether insurance companies can maintain high investment yields for a long time.
Curve doubt: Any dividend policy has uncertainty
positive solution! But this is common sense. The agency will clearly explain the difference between guarantee and non -guaranteed dividends, and reminds non -guarantee dividends depending on the company's investment income.
The key is here again. The reason why mainlanders like to buy Hong Kong dividend insurance policies, because Hong Kong's dividend insurance policies have high returns, especially AIA's abundant XX and Guo Cheng's XX. It is said that basically they are basically both It can achieve non -guaranteed dividends, so some mainlanders believe that the policy income is uncertain, and the most important thing is to be closer to reward expectations.
The argument 4. Large surrender losses in the preliminary insurance policy
Izon insurance regulators reminded that the insured person can only get the cash value of the policy. The early cash value is very low, and the previous two years or even zero.
The curve doubt: Losses in the early stage of surrender are common sense
The questions are common sense questions. Indeed, the early insurance customers will lose heavy losses, but if the insurance policy is insured, I believe that most people will not choose to surrender early? Intersection
The argument 5. You need to carefully read the insurance product terms
The last prompt is really important! It is the use of traditional Chinese characters in Hong Kong's insurance product clauses, which are different from the mainland.
Turned doubts: Insurance agents have mainlanders; Books have simplified characters
It many insurance agents in Hong Kong are mainlanders, and insurance companies have a booklet for simplified characters It is not difficult to understand the content of the policy. Of course, I asked Ming Ming ...
In fact, the mainlanders went to Hong Kong to insure the more common. The data of the Insurance Supervision Office showed that last year, the mainland customers made a new premium of 31.6 billion yuan. Yuan, accounting for 24.2%of the new insurance premiums of 130.9 billion yuan in personal business, an increase of 2.8 percentage points year -on -year. If the quarterly increase is even more severe, the new premiums in mainland customers in the fourth quarter of last year have soared 40%to 10.5 billion yuan, and the recent depreciation of the RMB will promote the sales of US dollars and Hong Kong dollars. But I do n’t know why, the warm reminder of the China Insurance Supervisory Supervisor seems to praise the Hong Kong policy?
The response from the above documents is not difficult to see that Hong Kong as a world financial center, and anyone to complete the insurance in Hong Kong is in line with the requirements.
Similarly, we think in turn. Domestic insurance companies are also insured by foreign people. It is also legal to buy insurance.
In overall, mainlanders go to Hong Kong to choose the insurance product that suits them. The method of swiping cards will be more restricted in the control of the card. This kind of supervision is to all foreign exchange channels, rather than restricting Hong Kong insurance alone.
The last added, Hong Kong insurance credit card payment is just to facilitate mainland customers. Insurance can also be completed through various methods such as remittances, online banking, transfer, and check. It is still recommended that you take advantage of the card to quickly purchase, buy a product at the same time to run a Hong Kong bank card, which will be more convenient in the future.
It must be understood that the mainland residents go to Hong Kong to insure insurance.
If in accordance with my country's laws and regulations, the mainland residents to buy insurance from Hong Kong insurance companies during their visit to Hong Kong are in compliance with the law. As early as 2010, the Guangdong Provincial Insurance Regulatory Bureau made it clear that if the insured in the Mainland went out of the country and voluntarily purchased Hong Kong insurance, then these insurance policies were legal and protected by law.
It, in addition to the regulations of the insurance company in Chapter 41 of the Hong Kong Law, any insurance company authorized in Hong Kong is legal in promoting life insurance in Hong Kong. Mainlanders.
I Hong Kong's insurance is open to the world. Insurance companies around the world can apply for Hong Kong to operate. Anyone in the world can go to Hong Kong to buy insurance. As long as the process is in compliance with Hong Kong law, This is the free market economy.
This Hong Kong is a well -known free economy in the world. It has a perfect normal legal rule of law system left over from the United Kingdom and is valid. The nationality is supervised by the Hong Kong Insurance Supervision Department and is also protected by Hong Kong law.
The legal insurance policy signed by mainland residents (mainland residents) in Hong Kong, with the policy signed by local people in Hong Kong, has the same equity.
The in fact, Hong Kong Insurance Corporation is very strict for a series of processes for customers to insurance.
The Hong Kong Insurance Company usually has a signing certification center. When mainland residents go to Hong Kong for insurance, they must go to handle (minors under the age of 18 may be handled by the guardian with the information). When customers go through the Hong Kong insurance purchase procedures, they will witness the three parties and records the records of the insurance company and record the records as a record for customers to insure in Hong Kong. In addition, the Hong Kong and Macau Pass, and even the pass of the Hong Kong and Macau residents will be preserved as insurance vouchers. All these insured documents signed in Hong Kong are recognized and protected by Hong Kong law.
Residents of mainland China are not protected by mainland laws in Hong Kong, but they are protected by Hong Kong law. Inspection of Hong Kong Insurance Insurance, I personally go to Hong Kong to insure the insurance, otherwise it is an underground policy. It is neither by mainland law nor protection from Hong Kong law. I am full -time Hong Kong Insurance. If you have any questions, you can ask him for consultation.