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South China Morning Post

South China Morning Post

Business

Business & Economics

Why wealthy individuals prefer Hong Kong insurance policies for inheritances

South China Morning Post
Summary
Nutrition label

89% Informative

Insurance policies becoming popular choice for wealthy individuals in Asia , including the Greater Bay Area , for estate planning to avoid family disputes and achieve stable growth.

Nearly 60 per cent of high-net-worth individuals (HNWIs) in mainland China , Hong Kong , Macau and Taiwan preferred insurance policies to transfer their wealth to future generations.

Manulife, the largest pension provider in Hong Kong and Macau , has seen growing demand for insurance products for legacy and succession planning purposes.

Yu said FWD would like to be among the first batch of insurers to launch index-linked policies.

The type of investment-linked policy that pays dividends to policyholders based on major stock market indices.

Index-linked insurance has been a popular investment choice for high-net-worth customers in overseas markets.

VR Score

94

Informative language

96

Neutral language

56

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

Affiliate links

no affiliate links

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