Insurance Authority introduces temporary facilitative measures to reduce infection risk when selling deferred annuities and voluntary health insurance

The Insurance Authority announced a series of temporary facilitative measures to reduce the risk of insurance intermediaries contracting the novel coronavirus when meeting clients. The measures cover only qualifying deferred annuity policies and voluntary health insurance products. During sales, after clearly disclosing key information, there is no need to conduct a financial needs analysis. The cooling-off period is extended to no less than 30 days, and the measures will run until the end of the current year of assessment on 31 March 2020.