Hong Kong's new government-backed programmes to encourage individuals to buy private health insurance and save more for retirement, officially launched on April 1, 2019, have been positively received by Hong Kongers, with analysts saying the schemes could have a positive long-term effects for the insurance sector. The two schemes are tax-deductible, and encourage Hong Kongers to participate in private health insurance and retirement savings. Insurers, including AIA, AXA, HSBC Life, Manulife, and Prudential, have revealed that following the schemes' launch on April 01, sales have been st...
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