This paper mainly introduces the renewal premium of Hong Kong insurance! Because both Hong Kong residents and non-Hong Kong residents will pay the down payment at the same time when they go through the insurance purchase procedures. The way can be credit card or UnionPay card swiping and cash payment.
As for the renewal premium, usually the insurance company will send the Notice of Premium Maturity to the insured one month before the premium due date. At the same time, the insured also enjoys a 30-day payment "grace period", that is to say, the insured has enough time to pay the renewal premium for nearly two months.
If the insured has opened an account with a Hong Kong bank, he can pay the renewal premium in any of the following ways:
1) Authorized insurance company to automatically withhold: the applicant authorizes the insurance company to automatically withhold the renewal premium from the bank where the applicant is located on the policy payment date. As long as the applicant fills in the relevant authorization and gives it to the agent after the policy takes effect, it can be handled.
2) Online payment: the insured pays the premium directly through the "online transfer" function of the Bank of Hong Kong.
3) Cash payment in the bank: the insured will deposit cash into the account of the insurance company in any bank where the insurance company opens an account. .
4)ATM payment: the insured pays the premium at any ATM of the insurance company bank.
5) Cheque: The applicant sends the bank cheque directly to the insurance company or agent.
If the customer has not opened an account in a Hong Kong bank and is not in Hong Kong, he can go through the formalities of premium remittance (DD) or telegraphic transfer (TT) in a mainland bank. It is suggested that the method of draft (DD) is the best, because it can save money. Usually, banks only charge a handling fee of one thousandth, which can be handled by branches of ordinary banks.
It is recommended to bring the insurance policy and the "Notice of Premium Maturity" of the insurance company for the bank to check when making remittance or telegraphic transfer.