AIA International Limited 友邦保險(國際)有限公司
Ex-AIA District Manager guilty of fraud over signing fee
ICAC, 28-Apr-2022
She received a signing-on fee of HK$860k by inflating her income at the previous insurer by HK$1.5m. We note that signing fees and high commissions are a common practice in this industry, in which salespeople are not so much selling you a product as selling you to the insurer.
ICAC, 28-Apr-2022
She received a signing-on fee of HK$860k by inflating her income at the previous insurer by HK$1.5m. We note that signing fees and high commissions are a common practice in this industry, in which salespeople are not so much selling you a product as selling you to the insurer.
Winnie Shum Ngo Sheung v Stella Tsoi Yan Wah
HK District Court, 28-Dec-2012
A spat between two insurance agents who have worked their way through MassMutual, then AIA and on to Manulife in the course of 6 years.
HK District Court, 28-Dec-2012
A spat between two insurance agents who have worked their way through MassMutual, then AIA and on to Manulife in the course of 6 years.
American International Assurance Co (Bermuda) Ltd v Cheung Sin Man
HK Court of First Instance, 4-Jan-2012
The impressive thing about this case is the numbers: for selling investment-linked plans and policies which produced premiums of $20.26m in 2011, the agent received commissions of US$789k (HK$6.15m), or about 30.4%. How do the customers of insurance companies expect a decent return with such costs?
HK Court of First Instance, 4-Jan-2012
The impressive thing about this case is the numbers: for selling investment-linked plans and policies which produced premiums of $20.26m in 2011, the agent received commissions of US$789k (HK$6.15m), or about 30.4%. How do the customers of insurance companies expect a decent return with such costs?
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