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SEA Invest SHIPPING AGENCY

HSBC Insurance Hong Kong has broken the Guinness World Records record for the highest value life policy by issuing a US$250 million life policy. Issued and fully underwritten by HSBC Insurance, the policy was issued earlier this year and sold to an ultra-high-net-worth client through insurance intermediary Charles Monat Group. The policy is an HSBC Global Life Plan, a whole life protection life insurance plan with wealth preservation and inheritance functions. In addition to this policy, HSBC Insurance has issued 10 other policies with a sum assured value of US$50 million or above to individual customers in the past 12 months. These large policies demonstrate the growing demand from the ultra-high net worth segment for life insurance solutions as a wealth transfer and estate planning tool. Mr. Edward Man, Chief Executive Officer of HSBC Insurance Hong Kong and Macau, said: "Asia is the fastest growing region in the world in terms of ultra-high net worth population, and we have seen a significant increase in the demand for insurance solutions for business succession, estate management and wealth transfer in the region. Our issuance of these large life policies demonstrates that Hong Kong has re-established itself as the market of choice for wealth management and as an international insurance center." Edward Man said that looking ahead, it would continue to invest in talent training as well as product and service development. #letsconnect #finance #financial #news 

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