Who is suitable to buy insurance in Hong Kong?

Hong Kong insurance is suitable for people with high budgets.

Hong Kong insurance is so popular that it is necessary to talk about the advantages of Hong Kong insurance:

1. High dividend: Many critical illness insurances in Hong Kong have dividends. The insured amount and dividends will increase with time, and the future medical expenses will undoubtedly be higher and higher. Therefore, Hong Kong insurance with dividends can resist inflation.

For more detailed information about dividend insurance, this article is full of dry goods:

Why is the complaint about dividend insurance so high?

2. Loose claims: Hong Kong insurance underwriting will be stricter, but claims will be looser and claims will not be too difficult.

However, I still can't help but talk about the shortcomings of insurance in Hong Kong:

1. The journey is long and the cost is high: the insurance contract must be signed in Hong Kong in person, otherwise the contract will be invalid, and it is not cost-effective to include the round-trip fare and hotel accommodation in the signing fee.

2. High exchange rate risk: If mainlanders buy long-term savings insurance in Hong Kong, they need to bear higher exchange rate risk. After all, the Hong Kong dollar is directly linked to the US dollar through the linked exchange rate. When the RMB continues to appreciate against the US dollar, the Hong Kong dollar will also depreciate.

3. Health notification is close to unlimited notification: the principle of "limited notification" is adopted in the mainland, and you can answer whatever you ask, and you don't have to answer whatever you don't ask. Hong Kong insurance adopts "unlimited notification", and insurance companies must answer questions truthfully. If your illness will affect underwriting, you need to take the initiative to inform even if the insurance company does not ask you. Don't tell me, once there is a claim dispute, the "fault" is almost personal.

If you don't know the steps of health notification, the following articles can help you:

What are the tips for health notification when applying for insurance?

In short, if you have enough budget, it is good to open a Hong Kong insurance financing, but if you just want to buy health insurance, mainland insurance is also very good! Here's a cost-effective mainland insurance for you, free of charge:

Ten mainland insurances worth buying.

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