, Hong Kong

Hong Kong Insurance Authority extends TFM to end-2020

The TFM removes the need for face-to-face insurance sales.

The Hong Kong Insurance Authority has extended the second phase of temporary facilitative measures (TFM) for non-face-to-face meetings to 31 December.

The phase two of TFM removes the need to conduct physical interactions in order to reduce the risk of virus transmission during the sale of insurance products.

Products covered by the TFM include Qualifying Deferred Annuity Policy (QDAP), Voluntary Health Insurance Scheme (VHIS) plans, term life policies and refundable policies with no savings or renewable policies with no cash value.

The scope of products covered and the implementation details remain unchanged, the regulator said.
 

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

BMS CEO’s key to success is communication
Asking for support shows self-awareness and commitment to growth.
Insurance
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
Singapore moms juggle family tasks and money matters
Their finances have improved relative to when their mothers were their age.
Insurance