AIA International Limited 友邦保險(國際)有限公司
MPFA disqualifies Jordan Chu Jun En, ex-AIA, for 20 months
MPF Schemes Authority, 31-May-2023
At a roadshow in Mei Foo, he approached an MPF holder and told her he was conducting a questionnaire in return for a HK$50 supermarket voucher. She signed forms not realising they were to transfer her MPF funds to AIA. He then got someone else to impersonate her to get her account details from the original MPF trustee.
MPF Schemes Authority, 31-May-2023
At a roadshow in Mei Foo, he approached an MPF holder and told her he was conducting a questionnaire in return for a HK$50 supermarket voucher. She signed forms not realising they were to transfer her MPF funds to AIA. He then got someone else to impersonate her to get her account details from the original MPF trustee.
Senior District Director of insurer AIA charged with accepting HK$360k luxury gifts from down-liners for clients
ICAC, 9-Dec-2022
Two Hermes handbags purportedly worth over HK$160k each and a Bvlgari necklace - but she's not accused of poor taste. Once again, the takeaway for life insurance clients should be "insurers can afford such large commissions out of my money - so why am I buying this"?
ICAC, 9-Dec-2022
Two Hermes handbags purportedly worth over HK$160k each and a Bvlgari necklace - but she's not accused of poor taste. Once again, the takeaway for life insurance clients should be "insurers can afford such large commissions out of my money - so why am I buying this"?
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.
Ms Shek Wai Yan, of AIA, suspended for 2 months
MPF Schemes Authority, 11-Aug-2016
She was earlier convicted and fined HK$9,200 for making a false and misleading statement to the MPFA to obtain account information without an MPF member's authorisation. She appealed against being named by the MPFA in a press release; the appeal was dismissed and she was ordered to pay HK$10k of costs, much less than the MPFA had asked for, as the Appeal Board "finds it difficult to accept the requirement for counsel's attendance in this case".
MPF Schemes Authority, 11-Aug-2016
She was earlier convicted and fined HK$9,200 for making a false and misleading statement to the MPFA to obtain account information without an MPF member's authorisation. She appealed against being named by the MPFA in a press release; the appeal was dismissed and she was ordered to pay HK$10k of costs, much less than the MPFA had asked for, as the Appeal Board "finds it difficult to accept the requirement for counsel's attendance in this case".
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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