Who can help me introduce the knowledge about Hong Kong insurance? Does anyone know about Hong Kong National Guard AXA Insurance? How does it compare to mainland insurance?

Many people in Shenzhen are keen to buy insurance in Hong Kong. Picture source: Guangzhou Daily

Experts remind that buying insurance in Hong Kong will cause trouble and the exchange rate risk should not be underestimated

Focus on buying insurance in Hong Kong

“Among the tour groups we send to Hong Kong every month, there will be several who go to Hong Kong specifically to buy insurance and make deposits. Not long ago, some group members spent a fortune of 50 Ten thousand yuan bought an insurance for the whole family," Ms. Lin, a tour guide from a large travel agency in Shenzhen, told reporters.

The reporter learned that due to low investment and high returns, more and more people in Shenzhen choose to buy insurance in Hong Kong. In particular, according to the newly implemented "Clearing Agreement for RMB Business of Hong Kong Banks", Hong Kong insurance products that were originally settled in Hong Kong dollars can also be purchased in RMB, which has triggered a "trend" in Shenzhen to buy insurance in Hong Kong.

The reporter found during the interview that most of the people from Shenzhen who go to Hong Kong to buy insurance are mainly middle-class families with relatively affluent lives. In addition to buying popular critical illness insurance and life insurance for themselves, many Shenzhen residents After a person goes to Hong Kong to give birth to a child, he or she directly purchases Hong Kong insurance for their newborn in Hong Kong. Among them, although there are many who invest by purchasing insurance, more people are interested in the reputation and services of Hong Kong insurance companies.

However, experts remind that when buying insurance in Hong Kong, you should pay attention to whether it is an "underground policy". While enjoying high returns, you should also consider that you need to go to Hong Kong in person to settle claims, and that you need to hire a Hong Kong lawyer if you have a dispute over the policy. Exchange rate and other risks. Moreover, once the insurance company in Hong Kong goes bankrupt, the policy holder may lose all his money.

Text/Reporters Ruan Xiaoguang, Gong Yifeitu/Reporter Gao Hetao

People in Shenzhen are keen to buy insurance in Hong Kong. Buying insurance in Hong Kong has become a "trend"

Hong Kong is the insurance industry highly developed areas. In Hong Kong, there is a saying that “there are more insurance companies than rice stores”. According to statistics, there are currently more than 260 insurance companies in Hong Kong. Including branches, agencies and brokerage companies, the total number of insurance institutions exceeds 2,800. The annual premium income of these insurance companies reaches as much as HK$10 billion.

In recent years, it is nothing new for mainlanders to go to Hong Kong to buy insurance. The reporter learned from the latest data released by the Hong Kong Insurance Regulatory Commission that in 2009, mainland residents *** invested 3 billion Hong Kong dollars to purchase insurance in Hong Kong. "Judging from the mainland documents I have made, 80% are from Guangdong Province and half are from Shenzhen." Mr. Jin, a Hong Kong insurance broker, told reporters, "Many mainlanders buy insurance policies from friends in Hong Kong. It was completed with the persuasion of the government because the government does not encourage cross-border insurance buying.” Xiao Jin explained to reporters that the law explicitly prohibits Hong Kong brokers from selling insurance policies to mainland residents. The Hong Kong policies sold are so-called "underground policies", and mainlanders are allowed to come to Hong Kong to buy insurance. According to the regulations of the Hong Kong Insurance Regulatory Authority, policies that are not endorsed in Hong Kong are invalid.

A staff member of the Shenzhen Insurance Institute told reporters that if the policy is signed in the jurisdiction of a Hong Kong insurance company, its legal effect is not protected by mainland law, but it is recognized by Hong Kong law and is a valid policy. . And if you sign an "underground policy", not only will the agent's sales behavior be severely investigated and punished, but the signed policy will also be invalid.

People in the industry also help

Lisa, who has been an insurance broker at AIA Insurance Company in Hong Kong since 1997, told reporters that the types of insurance that Shenzhen people come to Hong Kong to buy are mainly education and medical. There are more of the two types. She even encountered many cases where people in the industry who were insurance brokers in the Mainland chose to buy medical insurance in Hong Kong.

Why is Hong Kong’s insurance so attractive? LISA analyzed to reporters, "First of all, Hong Kong's insurance industry has a long history and a relatively solid foundation; secondly, Hong Kong is the world's financial center, and its high efficiency, high transparency and strict financial regulatory system is well-known in the world; and Yes, Hong Kong insurance companies use a wide range of investment channels to carry out investment activities in places with the highest investment return potential, so that they can earn higher returns for customers. "

LISA analysis said that Hong Kong insurance companies High security is particularly evident in medical insurance. "In Hong Kong, teeth are also covered by insurance, but not in the mainland. In addition, there are some items that are not insurable in the mainland but can be insured in Hong Kong, such as carcinoma in situ for men and women that are excluded from the mainland's critical illness insurance catalog. AIDS, etc. "

"Hong Kong policy terms pay more attention to protecting the interests of customers." LISA emphasized that in the Mainland, insurance is basically a long-term plan, and customers are always vulnerable during the entire insurance contract. And insurance companies are in a strong position. As an "indisputable" clause in Hong Kong policy terms, it is clearly stipulated that insurance companies cannot refuse life insurance claims for more than two years, thereby restricting the power of insurance companies and protecting the interests of customers to the maximum extent.

Low investment and high returns are very attractive

Ms. Zhong, who lives in Dongmen, has been buying insurance in Hong Kong since 2004. She told reporters that the reason why she chose to buy insurance in Hong Kong is that I am interested in low investment and high returns.

Ms. Zhong told reporters that since she has no descendants, she bought critical illness insurance in Hong Kong. She only needs to pay HK$5,000 per year. However, after 10 years of payment, she will be covered in the event of a major illness or death. , receive a premium of HK$200,000 from yourself or your designated heir. "I compared it and found that if you buy the same type of critical illness insurance in the mainland, you have to pay 3,000 yuan more."

Ms. Zhong said that in addition, there are many cash bonuses for buying insurance in Hong Kong. "The insurance company will refund one year's premium every three years, which means I only need to pay premiums for seven years." Ms. Zhong said, "In addition, the interest rate for buying insurance in Hong Kong is also very objective and very cost-effective. , the rate of return is far beyond the reach of mainland insurance.”

The reporter learned during the interview that when purchasing life insurance with critical illness insurance in Hong Kong, the rate is sometimes only 1/2 to 1/3 of that in the mainland. Moreover, critical illness insurance covers 38 diseases except skin cancer, which is far more than in the mainland, and is based on standard medical expenses in Hong Kong.

According to data obtained by the reporter from the Hong Kong insurance industry, Hong Kong insurance’s return rate for savings life insurance is mostly between 5% and 10%. With annual cash dividends, etc., the rate of return can reach up to about 30%. The return rate of ordinary life insurance in the Mainland generally remains around 2.5%. "The difference in return rate of more than ten times had to make many Shenzhen people weigh it, and finally went to Hong Kong to buy insurance, so there were many tour groups buying insurance." Miss Lin, a tour guide from a travel agency in Shenzhen, told reporters that half A few months ago, a real estate developer in Shenzhen spent 500,000 yuan to buy a critical illness insurance for his whole family. "Of course, he must have investment considerations, because his family has bought insurance in the mainland."

Go to Hong Kong to give birth and buy insurance directly

According to LISA, as mainlanders go to Hong Kong, The number of births in Hong Kong has skyrocketed. Many mothers come to Hong Kong to purchase Hong Kong insurance for their newborns directly after giving birth.

Mrs. Li has given birth to a son and a daughter in Hong Kong. Although the couple are both from Jiangsu, they have settled in Shenzhen. Mrs. Li believed that since both children were born in Hong Kong, she also applied for two medical insurances for her children through an agency in Hong Kong.

Mrs. Li said that Hong Kong insurance claims are actually very convenient. I don’t have to go to Hong Kong at all. I can prepare the documents as required, and then ask the salesperson of the Hong Kong insurance company to come and pick them up.

“I pay almost HK$1,000 in hospitalization medical insurance for each of my two children every year. My eldest daughter is more sick. The insurance has paid out more than 20,000 yuan in less than 4 years, and as long as she is hospitalized Just provide the invoice and the doctor to fill out a form, and the insurance company will reimburse you in full, eliminating the worry of restrictions on the types of drugs insured in the mainland.

”