Hong Kong people are very busy, with their work, family, friends, entertainment, and they are always occupied by all sorts of activities. And thus, multi-purpose products, eg 3 in 1 coffee and 2 in 1 shampoo may be welcomed by the busy Hong Kong people. As for personal finance, you may have heard from insurance agents or financial planning managers of the banks that there are some products that offer both insurance protection and investment opportunities. While you may think that it is convenient to handle investment and insurance in one go, there are also pros and cons for such kind of hybrid product.
Generally speaking, investment-linked assurance scheme (ILAS) which combine both insurance and investment could be a choice if you have a long-term investment horizon and a dual objective of investment and estate planning. Before making a purchase decision, you should think carefully your own circumstances and the reason why you want to get an ILAS policy. Consider if there are other options (eg buying a life insurance policy and invest in funds separately) that may better achieve the same objective.
What is ILAS
Read the following sections to learn more about ILAS. Do not purchase or invest in any products that you do not understand.
Latest PromotionClick here >
Welcome to The Chin Family!
The Chin Family is an independent and impartial financial education platform providing free information, resources and programmes. The Chin Family is managed by the Investor and Financial Education Council (IFEC), which is supported by the Education Bureau and all four financial regulators.