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Online purchase of LIC policies in Hong Kong is facilitated

According to the regular act published by the Insurance Authority (IA) of Hong Kong, online distribution of all life insurance products to the public is facilitated, writes Insurance Asia Awards.
Online purchase of LIC policies in Hong Kong is facilitated

In order to meet the growing needs in life insurance products people can purchase them through a special regulator’s website. Insurance Authority set up rapid processing of customer applications. The LIC clients can also claim insurance or report any problems. People’s identification on the site is carried out through video communication and face recognition system.

“Remote selling of life insurance policies will bring new customers into the market,” said Carol Hui, Long-term Business Executive Director at IA.

Source: https://www.asiainsurancereview.com/News/View-NewsLetter-Article/id/79548/Type/eDaily/Hong-Kong-More-measures-introduced-to-facilitate-online-purchase-of-life-insurance-products

Photos are from open sources.

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