hong kong employee benefits

Dental benefit. The work life balance is ok and the group performs but they should be more fair to their employees. conducts investigation into complicated cases involving suspected offences under the Employment Ordinance and Employees’ Compensation Ordinance. Found insideCTI operates in three cells: CTI, Hong Kong Broadband Network (HKBN) and City Telecom Marketing Company Ltd. (CTIM). ... City Telecom (HK) Ltd. offers employees benefits including educational subsidies, festival allowances, ... Speak to us about how other companies are using these insights. All successful employee benefits arrangements are unique. Glassdoor is your resource for information about Morgan Stanley benefits and perks. Life insurance, personal accident, critical illness. Hong Kong. Eligibility: An LGBT+ employee (any level) based in Hong Kong. Employees and employers are both required to make mandatory contributions of 5% of the employee's relevant income into the employee's MPF account, subject to the minimum and maximum relevant income levels. In Hong Kong, personal tax is often referred to salary tax. The employer must calculate the Severance pay per the Employment Ordinance (Cap. Employees' Compensation Ordinance (Cap 282) (ECO). 3 April, 2020 . Voluntary Employee Benefits (VEB) is defined as an offering of optional voluntary benefits at the workplace which employees can purchase and pay for as employee-funded benefits. This is when the Hongkong and Shanghai Bank was founded by Scotsman Thomas Sutherland. Could you get better value another way? good worklife balance but low benefits. We’ve compiled a few business etiquette insights with the help Asinta’s Hong Kong Partner, Ximco... employee benefits consulting Partner in Hong Kong. Getting the arrangements right takes global know-how. employees/directors, the number of shares and the name of company concerned; ♦ for employees/directors seconded/assigned to work in Hong Kong who were granted share options carrying conditions prior to their arrival in Hong Kong (and working for a period of time in Hong Kong is amongst those conditions), you must complete item 13 of You accept that electronic records will be admissible AND/OR MAY BE USED as original documents in any Court of Hong Kong and that you will not challenge or dispute the accuracy or authenticity of such records. We're always happy to help, Your business relies on your staff and their good health, Comprehensive travel cover for your employees. We want our employees to feel successful and happy at work by providing a variety of benefits to assist you in achieving a balanced lifestyle. Group life insurance plan. Found inside – Page 108Hong Kong - Currently, occupational retirement schemes operating in Hong Kong are voluntarily established and funded by employers to provide retirement benefits for their employees. They are regulated under the Occupational Retirement ... Find information about retirement plans, insurance benefits, paid time off, reviews, and more. Employees' Rights and Benefits. We know that claims are for the personal, real-life situations that are among the most stressful your employees will encounter. This information about employee benefits in Hong Kong is provided by Ximco, Asinta’s employee benefits consulting Partner in Hong Kong. Head of Employee Benefits Business Development. Paralegal Careers in Hong Kong Employee Benefits Alumni Login Disclaimer . The Hong Kong Institute of Human Resource Management (HKIHRM) is the most representative human resource management professional body in Hong Kong. We'll put you in touch with the person best equipped to help. Expat packages are seen as a mandatory part of the benefit to the employee and have historically been very broad in Hong Kong. Some popular options include: This element of cover is infinitely tailorable. Employees who get pregnant can sometimes be a surprise for a business (almost as much as it can potentially be for the employee). The challenge - a conglomerate with 22 Hong Kong business units employing over 40,000 people - was an incoherent collection of more than 100 legacy insurance plans and employee benefits that were complicated, outdated and inefficiently utilized. Good News for taxpayers! Find out what Annual Leave options are available to you. Is your team communicating the benefits offering well? Hong Kong Island AIA Wealth Select Centre 12/F, AIA Tower, 183 Electric Road, North Point, Hong Kong. Found inside – Page 919Annual medical check-ups are common and typically provided to all □ employees. Hong Kong It is typical to provide group medical insurance for all employees and their □ dependents. Benefits offered cover basic medical expenses for ... Your team helps you achieve your company vision, and a developed benefits plan is key to employee recruitment and retention. The first Employee Engagement Platform founded in Hong Kong, a "Swiss Army Knife" to engage, connect and align employees with core values, goals and culture, through personalized and digital experiences that work at scale. Medical insurance is the cornerstone of Employee Benefits in Hong Kong. Value-Added Services. Kowloon Suite 1313, 13/F, AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong. Found inside – Page 223Hong Kong, 2–4 February. Research Institute of Employee Benefits (2003), Fukuri Kosei Taishoku Kyufu ni kansuru Sogo Chosa [Comprehensive Research on Employee Benefits] (Tokyo: Research Institute of Employee Benefits). For larger businesses with over 250 employees, SME and Employee Benefit account. Login. Our online services empower you to manage your policy anytime, anywhere. T +852 2905 5759. Found inside – Page 28Duncan Abate Partner , Head of Employment and Employee Benefits Group Johnson Stokes & Master LUIS DE A Most Rewarding Partnership. Fair Play Hong Kong's legal system has changed little over the past ten years . Got a question? Found inside – Page 1311Sometimes these employees are referred to as “ career expatriates ” or “ internationally mobile employees . ... Other countries , such as Australia and Hong Kong , have minimal benefits , while others — usually impoverished or ... We advise you contact Howden directly with claims in these areas. May 2019. Labor and Employment - Hong Kong - Tier 1 . We'd hate to do a deal that's cheap but with nasty surprises built in. a non-resident company, payrolls a resident employee in Hong Kong. Both the employer and employee must contribute a minimum of 5 percent of the employee's income into the fund, subject to a statutory cap of 1,500 Hong Kong dollars (approximately U.S. $191.10). Is it worth revisiting the offering to see if you could get better value another way? assists entitled persons to obtain compensation for work injuries, pneumoconiosis and mesothelioma. Employers must make mandatory contributions for their employees with their own funds. Employees in Hong Kong care most about their medical insurance. Administration of claims documents. Found inside – Page 186Hong Kong: The Core Technology is not popular in Hong Kong, and even less so in mainland China, as employees' benefits are sometimes perceived as a liability instead of capital in the commercial balance sheet. Employers are willing to ... We work with Hong Kong and multinational clients in the following areas: Benefit plan design. 1. Found inside – Page 113The Hong Kong and Kowloon Trades Union Council (TUC) is a pro-Taiwan organization. ... when representatives of the workers found that they could not discuss in the meetings key issues such as salary increases and employee benefits. gratuities based on length of service or occupational retirement scheme benefits (excluding any part attributable to employee's contributions) have been paid to the employee; or ( 2 ) accrued benefit (excluding any part attributable to employee's contributions) has been paid to the employee, or is being held in a mandatory provident fund scheme . The Social Welfare . Found inside – Page 40116-5340 Treatments for contributions under different retirement schemes Accounting for retirement schemes is governed by Hong Kong Accounting Standard 19 " Employee Benefits ” ( “ HKAS 19 ' ' ) issued by the Hong Kong Institute of ... Please be reminded any terms of the employment contract cannot degrade and extinguish the rights and thus protection on the employee. Found inside – Page 130However, differences between Hong Kong and international GAAP still remain in the treatment of employee benefits, for example. Listed corporations are permitted to use IAS, but must reconcile profit or loss to Hong Kong GAAP and explain ... The last thing we’d want to do a deal that’s cheap but has nasty surprises for your people when they try to claim.Using claims analytics to solve business problems. every part of this place it have uncountable prepare and information research, and according to above of all, that why disneyland can bring happiness to many people. From our annual Health and Benefit Survey - covering everything from group life, disability, and medical benefits provided by employers in Hong Kong - to our individual market updates and preferential rates on value-added solutions, Mercer has the health of your organisation and your employees at heart. Excellent efficiency to serve you. As your staff make the most of their benefits, regular communication with the insurer will be necessary. Found inside – Page 640... Employee Benefits Bar 2010-Hong Kong; educ U of Hong Kong (PCLL, 2008), Manchester Metropolitan U (CPE-law, 2006); prev Assoc, Mayer Brown JSM, 2014-16, Assoc, Howse Williams Bowers, 2013-14, Assoc, Kennedys, 2010-12 HASBRO SA Rue ... Employee/Self-employed: (852) 2200-6288 . This is the primary piece of law governing employment in Hong Kong, and covers a vast range of employment protection and benefits for employees, including wage protection . 57). formulates sector-specific working hours guidelines and monitors the working hours situation of employees in Hong Kong. Discretionary bonuses under Hong Kong employment law Timothy Loh. Found inside – Page 109Source Hong Kong GAAP Limited Notes to the consolidated financial statements for the year ended 31 December 2007 ... 40 420 40 420 HKAS 1.93 Employee benefits expense : Post employment benefits Defined contribution plans Defined benefit ... Percent of Monthly Salary. This cover provides a lump sum pay-out to an employee’s family if the employee passes away while they are working for you. Customer Service Centres. Copyright © 2020 Howden Insurance Brokers (HK) Limited. Holidays. Learn more about our offerings to help you be your best. Found inside – Page 465Employees earning less than HK $ 5,000 a month do not need to contribute ( although they may elect to make voluntary ... and employees are permitted to make voluntary contributions to the MPF scheme for the employee's benefits . Hong Kong Manage multi-distribution channels, devise strategies, product innovation in . Employee/Self-employed: (852) 2200-6288 . The Administration's response to the Court of Appeal . Group Medical. Does the business see a positive effect? Looking to set up a new business in Hong Kong? This article provides you with an overview of the salary tax system in Hong Kong, Hong Kong tax rate and Hong Kong income tax. The retirement pension system known as MPF (Mandatory Provident Fund) is compulsory, and highly regulated in Hong Kong. We care for our employees. Found inside – Page 120... 251.9 288.9 8.0 75.1 63.8 Sources : Hong Kong Census and Statistics Department , Report on the Survey of Wages , Salaries and Employee Benefits , 1988 , 1996 . in mind this contextual background , we conducted in - depth interviews ... Customer Service Centres. Employees' Compensation Division. Under Hong Kong law, only employees engaged under a continuous contract are entitled to most benefits, including sick leave, annual leave, rest days . We know that financial education can be the difference between a comfortable older age and a difficult retirement. Does the business see a positive effect? Do people use their benefits? They are further protected by the Government-prescribed Standard Employment Contract. This website is best viewed with Chrome or Edge. Kowloon Suite 1313, 13/F, AIA Kowloon Tower, Landmark East, 100 How Ming Street, Kwun Tong, Kowloon, Hong Kong. Two new amendments have been passed that aim to encourage individuals to save more for their retirement and healthcare. WellBeing Allowance. Howden has offices in 30 countries and a network of partners in more than 60 locations. Staff insurance discount plan. Revised Employee Benefits Hong Kong Accounting Standard 19 (2011) HKAS 19 (2011) July 2019August 2020 Effective for annual periods beginning on or after 1 January 2013 We will pre-screen claims documents before they are submitted to the insurance company, to ensure that they contain all data necessary to process the claim. Registered address: 35/F Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong. Some insurances you may never claim against. We have the greatest respect for your employees. A non- . Hong Kong has a limited social healthcare system, so employees are very focused on private healthcare. According to the Hong Kong Institute of Human Resource Management , based on its 2015 Benefits Survey that was conducted between May and August 2015, Hong Kong employers have, over the past year, made the decision to increase non-statutory benefits in order to improve both employee engagement and work-life balance. Other Employee Benefits solutions including: Third party administration. We aim for more peace, for less premium. Easy to access travel insurance and accident benefits is increasing in importance. Comprehensive medical scheme and check up plan. We look forward to our long term sustainable business relationship in the future. Hong Kong requires at least one director who is a natural person and one company secretary. . Medical insurance is the cornerstone of Employee Benefits in Hong Kong. Despite the fact that Hong Kong's birth rate is falling, from time to time you're still going to have employees that bring you the news that they're expecting.Often, maternity leave is the main concern of many expectant parents, but some may also ask whether . Found inside – Page 242to retain such benefit. This issue is a matter of the contract and the terms of the compensatory stock plan. (e) Recovery of Benefits in an Action for Unfair Dismissal Whether the Hong Kong employee has a vested benefit which is ... High-impact analytics and ongoing consultancy. A remote payroll in Hong Kong is where a foreign company, i.e. . Employees in Hong Kong expect to have a medical plan and certain life/disability benefits. 100%. In Hong Kong, the Employment Ordinance restricts deductions from an employee's wages to only certain limited circumstances and an offence arises in the event of breach. New jobs everyday means new opportunities. Don't miss out! A cleaner at work on a Hong Kong beach. Found inside – Page 11002 Scope HKAS 19 defines employee benefits as all forms of consideration given by an entity in exchange for service rendered by employees . [ HKAS 19 ( 7 ) ] It divides the employee benefits within its scope into four categories , which ... 2.1 Mandatory Provident Fund (MPF) The MPF is a compulsory pension scheme established by the Hong Kong government requiring employee and employer contributions into a savings and investment scheme. Comprehensive bespoke employee benefits insurance programmes at a sustainable competitive price. More peace, less premium. Hong Kong. An employee as defined in the Contracts for Employment Outside Hong Kong Ordinance. Priority will be given to employees whose primary job is not related to Diversity & Inclusion. Just take a look at Cathay Pacific's policy. The emphasis is always on quality rather than price – never cutting corners, always buying smart. Market risk manager (Current Employee) - Hong Kong, HK - March 7, 2017. not much to say, BNP has being paying low salaries with little incentive to increase. When asked to rank three other common benefits in order of importance, the average Hong Kong employee will likely respond with: Disability, Death and Retirement. Hong Kong | Worldwide > Found insideIt further finds that unions lead to better employee benefits and increased contract signing in employment,” wrote Y. Lu and colleagues, University of Hong Kong. The researchers concluded: “That, in the era of transition from a ... We then design a bespoke offering with no waste or undue complications, that makes sense for your people and your business alike. Employee Benefits. assists entitled persons to obtain compensation for work injuries, pneumoconiosis and mesothelioma, enforces legislation governing terms and conditions of employment through inspections. Staff insurance discount plan. Expat packages are seen as a mandatory part of the benefit to the employee and have historically been very broad in Hong Kong. The majority of these plans take the form of a share option plan governed by the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong (Listing Rules), partly because the Listing Rules provide a relatively transparent framework regulating a plan's terms and . Chambers Asia Pacific (2021) Employment: Hong Kong Law (International Firms) - China - Band 1 "I found them extremely capable across the board; they have a global network, are able to turns things round quickly while being very knowledgeable, and are competitive in terms of fees." Please accept our heartfelt thanks to you and your team in providing the customized top tier quality services to our Bank. The standard of living is high and Hong Kong has low tax rates, both for business taxes and income tax. Summary. Found inside – Page 595Short - term employee benefits Post - employment benefits Defined contribution plans Defined benefit plans ....... Actuarial gains and losses Other long - term employee benefits Termination benefits Transitional provisions Sample ... Contributory retirement plan. Found inside... suppression of 16 double-entry book-keeping 33–8, 193 earn-out clauses 162 Employee Benefits (IAS 19) 123 Employee Benefits (SSAP 34) (Hong Kong) 118, 122 employees benefits 118, 122–3 codes of conduct 175–6 communication 175, ... A well-thought-out benefits offering can show your employees that you value them, and help keep them in the family. I n Hong Kong, most of the personal taxpayers are charged by Salaries Tax. In the free market like Hong Kong, both parties are free to negotiate and agree on the terms and conditions of employment within the scope of Employment Ordinance and other law. administers the Supplementary Labour Scheme and safeguards the employment rights of imported workers, assists employees who are owed wages, pay for untaken annual leave and untaken statutory holidays, wages in lieu of notice or severance payment by insolvent employers to apply for ex gratia payments, Statutory minimum wage provides a wage floor to protect grassroots employees, Conviction records on failure to pay wages or sum awarded by the Labour Tribunal / Minor Employment Claims Adjudication Board under the Employment Ordinance, formulates sector-specific working hours guidelines and monitors the working hours situation of employees in Hong Kong. Pros. However, there are two sets of mandatory benefits that are compulsory by law. When providing Employee Medical Benefits, there are a number of factors to consider, such as appropriate coverage levels, geographic coverage, cover for pre-existing and chronic conditions, benefits for dependants and the cost…. As a Howden client, you will have at least two designated account handlers from our expert team, who will be available to offer you support, advice, and representation throughout your policy duration. Hong Kong has a limited social healthcare system, so employees are very focused on private healthcare. To be the leading professional human resource management and advisory institute Contributory retirement plan. Our ultimate aim is to secure the best interests of your Company and to ensure the members’ interests are well protected. Apr 2017 - Present4 years 5 months. Mon-Fri: 8:45am - 6pm (Open through lunch) Sat, Sun & Public . To Explain Or Not To Explain (the Reason For Termination) - That Is The Question For Hong Kong Employers Mayer Brown. Compliance requirements are different all around the world – as are the insurance markets. Employee and employer each contribute 5% salary, capped at HKD 1,500 . 2. In Hong Kong, severance pay is mandatory when applicable and is determined by the employee's contract terms and length of service. Howden will step in and advocate in the event of any problems. Established in 1977, the Institute has a membership close to 5,300 members, of whom over 500 are corporate members. Employee Share Option Plan (ESOP) refers to the mechanism by which a company (which can be either private or listed) offers to one of more employee(s) the right to buy a specific number (or a specific percentage) of shares in the company, at a specific price (the exercise price) and during a specified period, usually within a number of years . This is against a backdrop of a highly matured market, an ageing population and a general increase in affluence. When the interests of employees and the shareholders of a company are aligned, employees tend to be more motivated, feel a greater sense of belonging and demonstrate loyalty and commitment to the company and its performance - a benefit to both employee and employer. HONG KONG - New tax-deductible contributions to enhance long-term retirement and healthcare benefits. When providing Employee Medical Benefits, there are a number of factors to consider, such as appropriate coverage levels, geographic coverage, cover for pre-existing and chronic conditions, benefits for dependants and the cost…. In Hong Kong, the Employment Ordinance restricts deductions from an employee's wages to only certain limited circumstances and an offence arises in the event of breach. Eligibility to enjoy this additional benefit is not . This is due to the fact that many employees in Hong Kong have jobs that involve significant travel in China and Asia. Our experts work with you to evaluate your existing offering, analysing usage patterns and premium costs to understand your company's requirements. Administration strategy and technology. Visit us at: 35/F Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong. ©2021 Asinta Legal | Global Headquarters: 1420 5th Avenue, Suite 1500, Seattle, WA 98101, USA. 61 to 120 Days *. Rental reimbursement. We handle all that for you. Dental benefit. . All rights reserved. You must have JavaScript enabled to use this form. Found inside – Page 299... the Publications Officer, Census and Statistics Department, Wanchai Tower 1,12 Harbour Road, Wan Chai, Hong Kong. ... Salaries and Employee Benefits Statistics (quarterly): Volume l 8.00 (Detailed Tables) Volume ll 12.00 Hong Kong ... applicable in Hong Kong and, secondly, because a majority found that the word "perquisite" in the Ordinance should be given its wide ordinary meaning. Employee Benefits in Hong Kong, China If you are a small business owner, you may recognized that your company needs to offer certain benefits to help attracted and retain talented workers. For example, deep claims analytics could reveal a lot of your claims relate back to stress. employees in Hong Kong engaged in the activity and the amount of associated operating expenditure A remote payroll in Hong Kong is where a foreign company, i.e. So we only work with insurers who feel the same way, getting the support directly where it’s needed, fast. Employee Benefits in Hong Kong 2021. Whilst employee incentive plans of varying forms have been utilised in the US, UK and other parts of the world for decades, they have not been widely acknowledged in Asia until recent years. Vaccine incentives for employees (and non-employees) are big in Hong Kong. Benefits information above is provided anonymously by current and former Deloitte employees, and may include a summary provided by the employer. Hong Kong Island AIA Wealth Select Centre 12/F, AIA Tower, 183 Electric Road, North Point, Hong Kong. Employment Ordinance. The public pension pillar covers individuals in need of assistance. Found inside – Page 160( 6 ) Under the New Agreement , the Re - employment Centre will give the offpost employee some basic life allowances ... CHN 70-431 Housing funds Among all the employee welfare benefits CHN 70-421 2008 CCH Hong Kong Limited 160 Benefits ... VISION. Employee Benefits May Include the following: 401k, Pension, Retirement, Retiree, Health Insurance, Medical, Vision, Dental, IRA, Competitive Base Pay, Quarterly Bonus, Paid Time Off, Weekly Pay, Medical . E Email Vincent. Found inside – Page 113“ Provision for Sickness Allowance for Certain Categories of Employees , ” International Labour Review , September 1962 , p . 288 . Hong Kong “ Social Welfare in Hong Kong , ” Norman Cragg , Canadian Welfare , May - June 1963 , pp . We'll deliver employee benefit programs that are aligned to your business objectives Accessing high quality, cost effective employee benefits can be a challenge in a market often seen to be highly impersonal and transactional. Communications support – if employees don’t know, then there’s no benefit We assist with internal communications, helping draft memos to ensure that your staff understand the benefits they are entitled to. Annual Leave. Found inside – Page 552000 ) , Hong Kong has undergone a process of “ occupational polarization ” , which is characterized by an increased share of ... They did so not only to avoid paying some of the employee benefits such as paid leave , medical insurance ... Manager, Employee Benefits Sales Manulife Hong Kong, Hong Kong SAR 45 minutes ago Be among the first 25 applicants Learn More. Found inside – Page 190Ip Ngok-fung, chairman of PCCW Staff Association (PCCWSA), claimed that he had started more than 100 industrial actions in PCCW since the 1990s to respond to pay cuts and other issues related to employee benefits, but were invariably ... This Ordinance applies to employment contracts entered into in Hong Kong by employees performing primarily manual work and employees with a maximum monthly wage of HK$20,000, who are employed by foreign employers and whose employment is based outside Hong Kong. For medical claims, clients generally go direct to the insurer. The occupational pillar, which is a compulsory defined-contribution (DC) scheme, was launched in 2000, and the third pillar is a voluntary pension savings scheme. Easy to access travel insurance and accident benefits is increasing in importance. Group life insurance plan. Personal accident insurance offers support in the face of the unexpected. . For smaller businesses with up to 100 employees. Start with this market and benchmark insight report prepared by Ximco, Asinta’s employee benefits... Easy to access travel insurance and accident benefits is increasing in importance. In . Learn More. Employee benefits is one of the most tailorable offerings in insurance. Salesforce Hong Kong Employee Benefits At Salesforce we believe a huge factor in our success is our employees. To recognise an LGBT+ employee based in Hong Kong who has taken proactive and effective steps to promote an LGBT+ inclusive culture in the workplace and beyond in Hong Kong. Employee Benefits Work/Life Benefits. We are also happy to run workshops at your workplace and provide bespoke handbooks, even training your recruiters and hiring managers to ‘sell’ your company to prospective employees. Our experts work with you to evaluate your existing offering, analysing usage patterns and premium costs to understand your company's requirements. * Please note that from day 60 to 120, VMware will get reimbursement from the Disability Income Insurance in the amount of 70% of monthly salary for the first HK$20,000 plus 50% of the remaining balance, subject to a maximum benefit of HK$50,000. We offer: Administration of premium billing and supporting member list, We will ensure the accuracy of the premium calculation before sending over to you for settlement. Average Cost For Employer Sponsored Benefits. Employee Benefits Trusts in Hong Kong Employers are increasingly setting up Employee Benefit Trust (EBT) structures to provide incentives to a select group of key employees or a larger group of employees upon satisfying certain benchmark criteria as a mean to retain, attract talent and promote long-term corporate loyalty. Do people use them? Rental reimbursement. Found inside – Page 7Report on the Half - yearly Survey of Wages , Salaries and Employee Benefits ( half - yearly ) : Volume 1 ( Detailed Tables ) Volume II Hong Kong Energy Statistics ( Quarterly Supplement ) Hong Kong Shipping Statistics ( quarterly ) ... The Inland Revenue Department (IRD) enacts the Inland Revenue Ordinance (IRO) for salaries tax assessment and collection. Create job alert to receive latest Employee benefit jobs. Which means significant negotiation with insurers, ongoing policy optimisation and risk management education, both inside your business and in the insurance markets. Group Medical. The trustee of the EBT holds assets, typically shares in the company, on trust for the benefit of employees of the company (or its group) as beneficiaries. Employee benefits benchmarking. This is due to the fact that many employees in Hong Kong have... Maternity leave in Hong Kong got a boost in July 2020 from Hong Kong’s Employment (Amendment) Bill 2019. Hong Kong Employment and HR Employee Benefits & Compensation. Found inside – Page 70Employees can become their own beneficiary with LLIFE because : 100 % of the life insurance benefit can be paid for covered long - term care ... Hong Kong , HSBC Insurance Brokers ( Asia Pacific ) Limited , 852 2828 7200 , email ...