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Hang Seng Bank starts selling premium health insurance pack
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HONG Kong's biggest listed lender Hang Seng Bank started to sell premium global health insurance package in China yesterday, aiming a growing high net worth population with higher health consciousness in the world’s second largest economy.
The launch of this premium insurance package was in partnership with Shanghai-based Alltrust Insurance Co and healthcare company Bupa International Ltd, the lender said, targeting insurants from 30s to 50s in China.
"China is now the new home to 1 million super rich with more than 10 million yuan of investable assets. Nearly half of them taking health insurance as their most wanted service and the demand is far from satisfied," said Daniel Hou, head of Retail Banking and Wealth Management at Hang Seng Bank China.
"That gives space too high-end commercial health insurance products to fulfill the market," Hou said.
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