News Snapshot:
The Insurance Authority (IA) of Hong Kong has announced the extension of temporary facilitative measures for non-face-to-face distribution of specific protective insurance products to 31 March 2021 in view of the latest developments of the pandemic. The scope of products covered and the implementation details of the measures remain unchanged. Products covered by the temporary facilitative measures include qualifying deferred annuity policy, voluntary health insurance scheme products, term life policies and refundable policies without substantial savings component or renewable policies without cash value that provide insurance protection. Insurers and intermediaries can distribute these products via different non-face-to-face means such as...
