Points to Note
Points to Note
Points to Note
PLP is more suitable for individuals who intend to hold the policy for a long period of time and are familiar with investment.
PLP is more suitable for individuals who intend to hold the policy for a long period of time and are familiar with investment.
Complete the “Financial Needs Analysis”, “Risk Profile Questionnaire”, “Important Facts Statement” and other relevant documents before purchasing PLP.
Complete the “Financial Needs Analysis”, “Risk Profile Questionnaire”, “Important Facts Statement” and other relevant documents before purchasing PLP.
Evaluate your insurance and financial needs through a financial analysis.
Evaluate your insurance and financial needs through a financial analysis.
Consider factors such as the affordability of the premium, the premium payment term and any insurance charges.
Consider factors such as the affordability of the premium, the premium payment term and any insurance charges.
Carefully read the PLP’s offering documents and have a clear understanding of the details.
Carefully read the PLP’s offering documents and have a clear understanding of the details.
Pay attention to the risks disclosed by the insurance company in offering documents.
Pay attention to the risks disclosed by the insurance company in offering documents.
No matter whether you are purchasing a PLP with a single premium or a regular premium, PLP should not be considered as a short-term investment tool.
No matter whether you are purchasing a PLP with a single premium or a regular premium, PLP should not be considered as a short-term investment tool.
Insurance intermediaries are responsible for clearly explaining the content of the policy before the applicant signs it. Do not sign any blank forms.
Insurance intermediaries are responsible for clearly explaining the content of the policy before the applicant signs it. Do not sign any blank forms.
If the sales process for a PLP is not recorded as being completed in the insurance company's office, the insurance company must conduct a "post-sale call" and call the customer for confirmation within 5 working days after the policy issuance.
If the sales process for a PLP is not recorded as being completed in the insurance company's office, the insurance company must conduct a "post-sale call" and call the customer for confirmation within 5 working days after the policy issuance.
Policyholders have the right to cancel the policies during the “cooling-off period” and obtain the refund of the insurance premium and insurance levy (subject to any applicable market value adjustment). The “cooling-off period” is the period up to 21 calendar days immediately following the day of delivery of the policy, or the delivery of the Cooling-off Notice to the policyholder or the policyholder’s nominated representative (whichever is earlier).
Policyholders have the right to cancel the policies during the “cooling-off period” and obtain the refund of the insurance premium and insurance levy (subject to any applicable market value adjustment). The “cooling-off period” is the period up to 21 calendar days immediately following the day of delivery of the policy, or the delivery of the Cooling-off Notice to the policyholder or the policyholder’s nominated representative (whichever is earlier).
Consult your insurance intermediary or your insurance company for any questions.
Consult your insurance intermediary or your insurance company for any questions.
Updated on : 15 November 2024
Updated on : 15 November 2024
© Copyrights 2024. The Hong Kong Federation of Insurers. All rights reserved
© Copyrights 2024. The Hong Kong Federation of Insurers. All rights reserved