Fortis Insurance is a wholly-owned subsidiary of the newly established Group Limited and one of the largest life insurance companies in Hong Kong. On June 30, 2022, the solvency adequacy ratio of Fortis Insurance was 342% (audited). You should know that the minimum solvency adequacy ratio required by Hong Kong laws is not less than 150%, and Fortis Insurance exceeds this index, so friends can still buy it with confidence.
No matter where you buy insurance, you need to master these basics: super protection! Everything you want to know about insurance is here.
However, as mainlanders, there are many differences in buying insurance in Hong Kong and the Mainland, such as claims settlement, coverage of insurance products and insurance rules. I believe many friends want to buy insurance in Hong Kong, mostly because it has the advantages of cheap premium and many dividend policies compared with mainland insurance. However, if you want to buy insurance in Hong Kong, you need to pay attention to certain exchange rate risks, because the premium of insurance in Hong Kong is generally settled in Hong Kong dollars, and the exchange rate between RMB and Hong Kong dollars will change. Once the Hong Kong dollar depreciates, the value of the insurance premium we get may be lower than when we insure it.
If you want to further understand the difference between Hong Kong insurance and mainland insurance, you can continue to understand through this article: Hong Kong insurance and mainland insurance pk!
However, as mainlanders, there are many differences in buying insurance in Hong Kong and the Mainland, such as claims settlement and insurance rules. In terms of claim settlement, the claim settlement process of insurance products in Hong Kong will be more complicated than that in Chinese mainland, and the claim settlement time may be longer. Therefore, senior sister thinks it is better for mainland residents to buy insurance in the mainland. If you want to choose Hong Kong insurance, you need to consider it.
Sister Xue has compiled some excellent mainland insurance products here. Let's take a look: ten types of mainland insurance with much higher cost performance than Hong Kong insurance.
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