72% of respondents believe insurance plays a significant role in creating and preserving wealth
- 52% of respondents said that insurance comprises more than 10% of their wealth and legacy planning, reflecting the importance that HNWIs in Asia place on insurance solutions.
- 75% of HNWIs use insurance for succession and legacy planning, reflecting the relatively high financial security of insurance companies.
- 33% of HNWIs' own medical or critical illness insurance policies, driven by a demand for coverage of medical costs as well as access to first-class healthcare support.
- 54% of HNW entrepreneurs have business protection through insurance solutions, encompassing a range of areas including business loan protection, health and illness income protection, business transfer and legacy planning and inheritance equalization.
- 76% of HNW entrepreneurs have previously heard about business wealth protection, but 52% of them do not have any kind of such protection in place.
- 92% of HNW professionals consider retirement planning as an important part of overall wealth management and essential to ensure a successful transition from working to retirement.
- Protection of family wealth and legacy planning: insurance can play an important role in protecting HNWIs' families from issues arising from illiquid estates or outstanding debt. It can also enable HNWIs to plan ahead to allow beneficiaries' to maintain their lifestyles.
- Portfolio diversification, leverage and growth: insurance solutions can help to diversify investment portfolio risk through tax deferred growth, stable returns and leveraging.
- Liquidity planning: life and health insurance can solve immediate liquidity needs through cash value withdrawal or policy loans.
- Tax benefits: Savings in tax for estate and legacy planning can be achieved through employing the appropriate life insurance propositions.
AIA Hong Kong and AIA Macau are subsidiaries of AIA Group Limited. AIA Group Limited established its operations in Hong Kong in 1931. To date, we have over 18,700 AIA financial planners1, as well as an extensive network of brokerage and bancassurance partners. We serve over 3 million customers2, offering them a wide selection of professional services and products ranging from individual life, group life, accident, medical and health, mandatory provident fund, personal lines insurance to investment-linked products with numerous investment options. We are also dedicated to providing superb product solutions to meet the financial needs of high net worth customers.
2 AIA Hong Kong internal data includes Hong Kong and Macau's individual life, group insurance and mandatory provident fund customers (as at 31 March 2020)
Ms. Esther Chan
+852 2100 1416
Mr. Ian Li
+852 3960 1905