Macau insurance mainland visitors reached 2.3 billion in the first quarter of 2022
Data from the Macau Monetary Authority shows that from January 1, 2022 to March 31, 2022, Macau life insurance gross premiums were 11.4 billion patacas, compared with the same period in 2021 (106 billion) increased by 7.5% year-on-year!
Mainland visitors purchased insurance premiums of 2.3 billion (Macau Pataca) in Q1, three times that of the same period last year, indicating that the overseas insurance demand of mainland customers is still and growing. Although Hong Kong has not switched, the proportion of new insurance premiums for mainland visitors in Macau continues to rise. , accounting for 18.72% in the first quarter of last year, and climbed to 61.02% in the first quarter of this year.
At present, various insurance companies have successively launched multi-currency financial products, and critical illness insurance has also been continuously updated and upgraded to meet the needs of customers in many aspects. Looking at the currency types of policies , the most purchased policies are still U.S. dollar policies. The U.S. dollar is in a strong cycle, and the proportion of U.S. dollar policies has increased by 70%, and the U.S. dollar proportion will be 47% in 2021; the policy types are still mainly critical illness insurance and savings dividend insurance .
I believe that Macau insurance’s insurance data will definitely still rise a lot in the second half of 2022. Currently, Macau Friends has also opened a brokerage channel business, and the Macau branch of Baoke is also in preparation. I believe that Macau insurance will still be popular in 2022. Bundle.
At present, Hong Kong is relatively difficult to clear customs in the short term. Macau travel visas are gradually being liberalized across the country, provided that the domestic epidemic situation has stabilized.
Currently, all major insurance companies in Macau have launched promotional activities, and they are all very impressive. Although Hong Kong has not yet switched, in today's global economic integration , the importance of "not putting eggs in one basket" for diversified asset allocation has become increasingly prominent.
The slowdown in domestic economic growth will bring about a reduction in the rate of return on capital. If you want to keep your wealth, you need to rationally allocate some overseas assets. Overseas investment can not only enrich one's assets investment categories , but also improve the security of one's assets.
95% of investors in the mainland have 100% of their assets in RMB assets, and more than 70% of them are real estate assets. Asset allocation with this structure will be helpless in the face of systemic risks, so diversify the allocation of assets. , can the purpose of asset transfer, diversification and risk hedging be truly achieved.
The global asset allocation of households in developed countries is currently about 15%, while the global asset allocation of Chinese households is currently only about 4%-5%. The United States and Japan's global portfolio investment accounted for 53% and 85% of GDP, while China only accounted for 2.4%. Focusing on high-net-worth individuals , the global asset allocation ratio of China's high-net-worth individuals is not high. Data show that the average proportion of global high-net-worth individuals’ assets allocated outside their home countries is 24%, while in China, the proportion is only 5%.
From a single asset to a comprehensive asset allocation, it usually achieves "cross-asset class allocation" internationally, and the risk can be reduced by 46%. In the past few years, the investment methods of China's high-net-worth individuals have been relatively single. Once a " black swan " occurs in the future, a single investment method will cause investors to lose money. Therefore, more and more Chinese investors choose to invest. Global asset allocation, has a significant effect on hedging risks.
Several common insurance types in Hong Kong and Macau
01
Savings dividend insurance
The more common Hong Kong participating savings insurance has a high annualized rate of return. Some hot-selling products have an annualized return of more than 7% after entering the 15th investment year. This type of insurance is low-risk and very popular.
Most savings insurances have long protection periods and are flexible to withdraw after the payment period. They can be used as children’s education funds, wedding funds, your own pension, and estate planning. One policy can truly support three generations, and it is a rational choice for high-net-worth individuals to diversify risks.
02
Critical illness insurance
Critical illness insurance refers to major diseases designated by Hong Kong insurance companies, such as cancer, organ transplantation, stroke, etc., if the insured suffers from one of the major diseases during the coverage period, the insurance will Commercial insurance in which the company compensates for medical expenses.
The critical illness insurance products of Hong Kong insurance companies are mostly principal-return insurance products. If the insured person does not suffer from a insured major illness throughout his life, the insured person can obtain the return of principal and interest when he surrenders the policy. It also has life protection functions.
03
Life insurance
Life insurance is to protect the policyholder from the trauma and loss caused to his family due to unpredictable death. Hong Kong Life Insurance also has the function of saving dividends, so for policyholders who still survive during the protection period, Hong Kong Insurance will pay insurance retirement benefits regularly. Therefore, every family’s main source of income needs to purchase high-value life insurance, which is a kind of love and responsibility for the family.
For ordinary families, purchasing a fixed amount of life insurance can not only prevent risks, but also provide pension security. For wealthy families, high-value life insurance is the best way to inherit property to avoid debt and taxes.
It is difficult for ordinary individuals to achieve completely safe global asset allocation. Because it is difficult for us to have enough professional knowledge and professional information acquisition channels to analyze the entire market. This requires us to use some special channels and tools to achieve this configuration. Hong Kong and Macao financial management dollar insurance policies are a very good tool.
First of all, these mainstream insurance companies in Hong Kong are all foreign-funded companies, with an average of more than a century of investment experience. It can be said that he has rich experience and has survived countless crises. Secondly, because these companies are so large, they have relatively easy access to a lot of good assets, and not just dollar assets.
The products of Macau insurance and Hong Kong insurance are the same, and the promotions are also the same. The signing place is only in Macau. Beginning in August, those leaving Macau via Zhuhai-Macao Port (including Hengqin Port) must hold a 24-hour nucleic acid test certificate and complete a nucleic acid test immediately after exiting customs; entering Macau must hold a 48-hour nucleic acid test certificate Just have nucleic acid test certificate. Air tickets to Macau are also very cheap at the moment, making it a good time to travel.
reposted to "Hong Kong Insurance Ali"
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