Bus 310 Financial Institutions in HK Section 4

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Bus 310 Financial Institutions in HKSection 4
Group 2 043142 Lam Ka Wai 043175 Tsang Yuen
Yan 043176 Ang Tin Chor
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Agenda

1. Insurance Industry in Hong Kong
2. Introduction of Manulife
3. How to buy Insurance
4. Case Study
5. Manulife vs Asymmetric Information
6. Conclusion

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Insurance Industry
Source http//www.oci.gov.hk/stat/index.html
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About Manulife
Significant increase was primarily as a result of
the John Hancock merger.
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About Manulife HK

• Started in 1897
• Manulife (International) Limited
• Manulife Asset Management (HK)
• Manulife Provident Funds Trust Company Limited

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Business Operations

• Individual Insurance
• Employee Benefits
• Wealth Management

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About Manulife HK
Date 12-99 12-00 12-01 12-02 12-03 12-04 12-05 6-06 9-06
Return 100 258 231 194 240 323 406 424 437
Source http//www.manulife.com/corporate/corporat
e2.nsf/LookupFiles/
DownloadableFileFactSheetCompany/File/FactSheetCo
mpany.pdf
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How to Buy Insurance

• Basic Plan
• - term life, whole life, universal life
• -saving life
• Riders
• - Hospital Benefits
• - Critical Illness
• - Accidents

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Case Study
Agent
Doctor ??
??
Jun
Ethel
Karen
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Case Study

• a) 0
• b) 500,000
• c) 1,000,000
• d) 1,500,000

?ANS
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Manulife vs Asymmetric Information

• IF Manulife do STH
• Medical check
• Underwriting Process
• Application Form
• Claim Form

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Conclusion

• to trace all bad
  clients
• Review regularly
• Legislation
• Seminars and Exhibitions

Impossible
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Q A
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