In view of the COVID-19 pandemic, Hong Kong’s Insurance Authority (IA) has extended the temporary facilitative measures for non-face-to-face distribution of certain protective insurance products until December 31.
According to a statement by the IA, the products covered by the temporary facilitative measures are qualifying deferred annuity policy (QDAP), Voluntary Health Insurance Scheme (VHIS) products, and term life policies, as well as refundable policies without a substantial savings component or renewable policies without cash value that provide insurance protection.
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