Insurance reference
Hong Kong insurance glossary
Clear definitions for participating policies, guaranteed cash value, bonuses, surrender value, issue year, policy loans, and guarantee ratios.
Insurance glossary
Participating Policy
Understand what a participating policy means in Hong Kong insurance, how guaranteed and non-guaranteed benefits work together, and what to compare before buying.
Insurance glossary
Guaranteed Cash Value
Learn what guaranteed cash value means in Hong Kong insurance, how it differs from illustrated value, and why it matters when comparing savings and participating policies.
Insurance glossary
Non-Guaranteed Bonus
Learn what non-guaranteed bonus means in Hong Kong insurance, why illustrated benefits can change, and how to compare bonus-heavy products more carefully.
Insurance glossary
Terminal Bonus
Understand what terminal bonus means in Hong Kong insurance, when it may be payable, and why surrender timing matters when comparing savings products.
Insurance glossary
Surrender Value
Understand what surrender value means in Hong Kong insurance, how it differs from premium paid, and how to use it when comparing policy flexibility and downside risk.
Insurance glossary
Issue Year
Understand what issue year means in Hong Kong insurance disclosures, how it differs from policy year, and why mixing cohorts can distort product comparisons.
Insurance glossary
Guarantee Ratio
Learn what guarantee ratio means in Hong Kong insurance, why it changes downside protection analysis, and how to compare it without ignoring total value.
Insurance glossary
Policy Loan
Learn what a policy loan means in Hong Kong insurance, how it differs from surrendering a policy, and why loan access does not make every plan equally liquid.
Insurance glossary
Guaranteed Surrender Value
Understand what guaranteed surrender value means in Hong Kong insurance, how it differs from total surrender value, and why it matters for downside protection analysis.