Critical Illness

Medical Insurance

Personal Accident

Endowment

Term Life Insurance

Whole Life

Saving Plan

Universal Life

Annuity

Medical Insurance

Medical cost inflation in Hong Kong is much higher than the Consumer Price Index (CPI). If you want to have quality medical treatment in the future, you should have a medical insurance cover. A comprehensive medical insurance can reimburse your medical expenses arising from accident or sickness, and also costs such as medical appliances, targeted therapy and hormonal therapy etc. You may purchase additional coverage on labouring and dental treatment for your needs.

Critical Illness

Medical treatment of dread disease can be costly. Different from traditional insurance, a critical illness will pay a lump-sum when the insured is diagnosed with a specified dread disease. This lump-sum help the insured afford medical treatment and living expenses. Meanwhile, some critical illness insurance can be claimed multiple times, safeguarding the insured continuously.

Personal Accident

Most personal accident policies pay out lump sum benefits when the policy terms are satisfied - which usually means when the consumer dies or suffers bodily injury as a result of an accident or unforeseen event.
Personal accident policies usually state that the consumer is not covered if the death or injury is caused by “sickness, disease or any naturally occurring condition or process”.

Endowment

Endowment life insurance is a specialized insurance product that's often dressed up as a college savings plan. Based on your monthly contributions, you're guaranteed a certain payout, called an endowment, when the policy matures. The endowment life insurance policy promises a risk-free, guaranteed return on a guaranteed date as long as you make the fixed monthly payments.

Term Life Insurance

Term life insurance is a type of life insurance policy that provides coverage for a certain period of time, or a specified "term" of years. If the insured dies during the time period specified in the policy and the policy is active, or in force, then a death benefit will be paid.
Term life insurance is initially much less expensive when compared to permanent life insurance. Unlike most types of permanent insurance, term insurance has no cash value. There is certain term life insurance with refund of premium function.

Whole Life

A traditional whole life policy is a type of life insurance contract that provides for insurance coverage of the contract holder for his/her entire life. Unlike term life insurance, which covers the contract holder until a specified age limit, a traditional whole life policy never runs out. Upon the inevitable death of the contract holder, the insurance payout is made to the contract's beneficiaries. These policies also include an investment component, which accumulates a cash value that the policyholder can withdraw or borrow against.

Saving Plan

Saving plan is a type of participating policy that participates in the profits and losses of insurance company With-Profits Fund in which your premium is invested together with premiums of other with-profits policies. The return depends on the share of profits made by the With-Profits Fund that is attributable to the Plan, and the timing of the distribution of these profits. The decision to distribute profits is at the insurance company's discretion. If they elect to distribute profits, you shall be given a share of such profits in the following form of bonuses: Reversionary Bonus and Terminal Bonus.

Universal Life

Universal life insurance is a permanent life insurance with an investment savings element and low premiums like term life insurance. Most universal life insurance policies contain a flexible premium option. However, some universal life insurance policies require a single premium (single lump-sum premium) or fixed premiums (scheduled fixed premiums). A universal life insurance option provides more flexibility than whole life insurance. Policyholders have the flexibility to adjust their premiums and death benefits. Universal life insurance premiums consist of two components: a cost of insurance (COI) amount, and a saving component, known as the cash value.

Annuity

Annuities were designed to be a reliable means of securing a steady cash flow for an individual during their retirement years and to alleviate fears of longevity risk, or outliving one's assets.
Annuities can be structured according to a wide array of details and factors, such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that, upon annuitization, payments will continue so long as either the annuitant or their spouse (if survivorship benefit is elected) is alive. Alternatively, annuities can be structured to pay out funds for a fixed amount of time, such as 20 years, regardless of how long the annuitant lives. Furthermore, annuities can begin immediately upon deposit of a lump sum, or they can be structured as deferred benefits.