With the popularization of insurance awareness, more and more people have begun to value insurance products as a tool for risk management and financial planning. However, some people do not fully understand the specific benefits and potential returns of the products they want to purchase when choosing insurance, and the actual benefits may deviate greatly from expectations. Therefore, here are three key principles to keep in mind when applying for insurance
First of all, it is very important to understand the background of the insurance company. A company's history, market reputation, and financial soundness are all factors that potential policyholders need to consider. To understand the investment strength of an insurance company, you can refer to the company's total assets under management and investment portfolioSecond, potential policyholders can take a closer look at the fulfillment ratio, which is a measure of whether an insurer has been able to achieve its expected "non-guaranteed benefits"2 in the pastFinally, when choosing a participating policy, you can refer to the company's investment strength.
So what exactly is the fulfillment ratio?In Hong Kong, when you apply for a participating policy, the insurance company will set out the benefits that your policy is expected to pay in the future, including "guaranteed benefits" and "non-guaranteed benefits", in the benefit illustration document (i.e. proposal). Guaranteed benefits, such as guaranteed cash value, will not be affected by market conditions;Non-guaranteed benefits, such as annual dividends or terminal dividends, are affected by the return on investment of the insurer. Therefore, when buying a participating policy, you can check the fulfillment ratio of each participating policy of the insurance company over the years to understand the investment strength of an insurance company as a reference to gauge whether a policy meets your expectations.
Among the companies that provide participating insurance products, Manulife Hong Kong's performance in 2022 is particularly outstanding in exceeding expectations. Specifically, the fulfillment ratio of the "HTC Savings Protection Plan" has reached more than 100% for three consecutive years, and the fulfillment ratio of the "Premier Protection Plan Series" has also reached more than 100% for four consecutive years. Manulife Hong Kong's strong investment strength and robust investment strategy are committed to delivering sustainable long-term returns to our clients.
Manulife, as a financial services institution with a history of more than 125 years in Hong Kong, has provided a wide range of protection and wealth management products and services to more than 2.5 million customers in Hong Kong and Macau. This strong investment strength provides solid support for its products and safeguards the long-term interests of customers.
If you want to understand the investment strength of an insurance company, you can refer to the company's total assets under management and investment portfolio, and when choosing a participating policy, you can refer to the company's investment strength and dividend fulfillment ratio. These and other factors together affect the expected future benefits of an insurance product, such as annual dividends. Therefore, as a beginner, it is important to have an in-depth understanding and comparison of different insurance companies and products to ensure that the income under your insurance participating policy meets your personal needs and expected goals. Manulife Hong Kong's fulfillment ratio report clearly shows how an insurance company can provide stable returns to its customers through its investment strength, such as the fulfillment ratio of the "HTC Savings Protection Plan" reaching more than 100% for three consecutive years, and the "Premier Protection Plan Series" also reaching over 100% for four consecutive years, both of which provide returns that exceed expectations.