Asset Owners

Insurance investment proxy for some in Hong Kong

By Rita Raagas De Ramos | 1 December 2007
Keywords: insurance | hsbc | hong kong

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An HSBC survey shows 73% of respondents say they purchase investment-linked life policies for wealth accumulation.

Insurance penetration rates in Hong Kong are rising, but are still relatively low, according to a recent HSBC survey.

Although gaps in insurance protection exist, a trend within the life insurance sector in Hong Kong is emerging, and that’s the increasing popularity of investment-linked insurance.

The market penetration rate of investment-linked life insurance in Hong Kong is now at 21%, compared with 18% last year and 13% in 2005, according to the HSBC survey. Around 73% of the respondents say their purpose for buying life policies is for wealth accumulation.

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