- Lifestyle Insurance for Expats in Hong Kong

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Lifestyle Insurance
for expats in Hong Kong

Lifestyle Insurance offer both a personal or online quotation service to suit your individual preference. It’s easy – to save you time and money we aim to deliver the most competitive, comprehensive and affordable insurance solutions to protect you, your family and your business.

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Provide me with a quotation
Business Protection guide
Medical Insurance guide
Life Insurance guide

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Our Lifestyle Insurance Products Benefiting You and Your Family

Life Insurance
Business Protection
Critical Illness

Life Insurance

Life insurance is an absolute must for everybody who has others who are dependent on them and their income, and also for those with debt. For those who have dependent loved ones and debt, it’s doubly important to make sure there is sufficient protection in place to take care of the futures of those left behind.

If you have a wife, children, dependent parents and any type of loan, such as a mortgage, then you should review your provisions regularly. If you haven’t yet made any, then it’s time you should

Benefits of Life Insurance

  • Gives your family complete long-term protection
  • Choose a term to suit your individual circumstances
  • Choose a lump sum at the start of your plan
  • Payment can be made monthly or annually
  • Payment remains the same for the plan duration
  • Terminal illness cover is standard in most policies

Life Insurance FAQ

Why do I need Life Insurance?

To make sure that your loved ones have adequate resources in the event of your death. The insurance amount can be used to provide a regular income in substitute for the one you currently have, or to pay off any debts you might have and reduce the liabilities that may be passed to them upon your death. Having sufficient life insurance in place ensures that any liabilities become assets which can then be used to provide a good standard of living for those left behind.

Why do I need to get a quote?

To make sure that you know how much it will cost you each year and also so we can give you comparisons between the various providers. Only once that research process has been completed, and you are satisfied that we are recommending the most appropriate and competitively priced solution, should you go ahead and make application to have cover.

How does Life Insurance work?

The cost of life insurance is determined by a number of factors, these being your gender, your age, your health and the level of cover that you require. We are able to provide standard quotes once we have this information to hand. Each application goes through a process called underwriting whereby, along with the above, your medical history, your smoking and drinking consumptions, as well as any dangerous pastimes which you may engage in, can influence your premium to be ‘loaded’ or increased from standard. If your rates are loaded it means that is a greater chance of you dying earlier than those applicants whose lifestyle is considered ‘normal.’

Will I need to provide my medical history or have a medical exam before taking out a policy?

That depends on the level of cover that you require. The application process is a very simple one, with certain insurers able to underwrite new policies with cover of up to US$750,000 without the need to access your medical records, or undergo any medical tests.

Life Insurance guide

Business Protection

Is it wise to leave one of your most prized assets uninsured and exposed? You’d be surprised how many business owners unintentionally put themselves and their clients at risk by not making adequate arrangements. Some owners make a conscious decision to overlook insurance, whereas others don’t necessarily understand the true value of having it in place. Some lines of business protection are intricate and specialist, whereas others are much more simple and run of the mill – we deal with them all.

Benefits of Business Protection

  • Give your business complete protection
  • Insulate it from tortuous claims and third-party liabilities
  • Demonstrate to your clients that all eventualities are catered for
  • Protect key personnel and staff members help staff retention
  • Improve retention and internal relationships
  • Protect physical assets and increase business value

Business Protection FAQ

Why do I need Business Protection?

All businesses, irrespective of their size, encounter risk within their daily operations. These risks come in different shapes and sizes and from many different directions, each of them putting the business, and its owners, in varying degrees of danger. Nearly all business risks can be easily offset with the use of insurance. The products used are sometime very simple and there to satisfy statutory Government or regulatory requirements, whereas others are more intricate and used give the business a competitive edge, to attract and retain top talent, give an added value to shareholders and lots, lots more.

What do I need to get a quote?

We can’t give you a quote until we understand your business, but once we know you it’s really very simple. The easiest way for us to assess your exact requirements is for you to tell us what your business does. Give us an insight as to who you interact with on the buy and sell chains, and how your product or service is consumed. Having knowledge of that information will allow us to highlight some of the dangers you might encounter and provide quotes with levels of cover tailored to your exact requirements.

How does Business Protection work?

It works on the very simple principle of you paying a premium to an insurance company. In turn they agree to accept your risk and to pay an amount of money if or when that risk becomes a reality and you make a claim from them. The premium you pay is determined by the size of the risk (the cover amount) and the probability of it happening (low, medium, high). Insurance premiums are typically paid on an annual basis, with cover set in place for that 12 month period, at the end of 12 months the policy can be renewed with the same level of cover or premium, or the cover and premium might be varied based on a number of factors. If you encounter lots of claims or the risk is determined to be higher than it was originally, then there is a likelihood that you premium will go up. Whereas, if you have a very good or no claims record, it is likely that we will be able to reduce your annual premiums.

Business Protection guide

Critical Illness Insurance

Critical illness insurance was designed to provide protection to those who suffer from life changing medical conditions that aren’t necessarily life ending, the most common of which are heart attacks and cancer. A high percentage of people survive their first heart attack, and most cancers are now treatable. Having encountered serious health problems, the last thing you need is the added stress of having to get back to work before you are fully recovered, just so you can pay your bills. Whereas life insurance pays out when you die, critical illness pays out when you are diagnosed as having any of the 60+ conditions that are covered under the policy. Suffering a critical illness is a life changing event, something that might force you to rethink your lifestyle. Maybe you make a recovery after a prolonged period and would like to slow down, work part time, pay off your mortgage, make sure education costs are covered, and lots of other considerations that having a lump sum now would allow you to decide on. Without critical illness protection the future doesn’t look as rosy.

Benefits of Critical Illness insurance

  • Pays you a lump sum if you suffer from a long list of critical
    illnesses
  • Choose the lump sum amount and number of years you want cover
  • Pay an affordable annual premium which remains the same
  • Gives you and your family long term protection
  • Allows you to make lifestyle choices upon claim
  • The perfect insurance for single people

Critical Illness insurance FAQ

Why do I need Critical Illness insurance?

To make sure that you are in a position to pay any ongoing or long term medical fees, to be able to pay off any mortgages or debt you have, to allow you the luxury of making certain lifestyle choices around where you live and work, or to supplement income if unable to do your same job or professions because of the illness. Critical illness protection is a modern day insurance, which allows you do lots of things that traditional insurances don’t cater for and a must for everybody, irrespective of marital and dependent status.

Why do I need to get a quote?

So that you can understand exactly what you are paying for and consider its value. The cost of critical illness is higher than life insurance because it is normal that you suffer some form of debilitation and have a short, medium or long period of illness before you die. The funds realised from a claim can be used to make this period much more comfortable and enjoyable that it would be without the cover.

How does Critical Illness insurance work?

The cost of life insurance is determined by a number of factors, these being your gender, your age, your health and the level of cover that you require. We are able to provide standard quotes once we have this information to hand. Each application goes through a process called underwriting whereby, along with the above, your medical history, your smoking and drinking consumption, as well as any dangerous pastimes which you may engage in, can influence your premium to be ‘loaded’ or increased from standard. If your rates are loaded it means that is a greater chance of you dying earlier than those applicants whose lifestyle is considered ‘normal.’

Will I need to provide my medical history or have a medical exam before taking out a policy?

Yes, in much the same way as described above with life insurance. Each applicant needs to complete an application and health questionnaire, the information and answers given determine whether your Doctor needs to be consulted for further information or whether some tests and/or a medical examination is required. These things are determined on a case by case basis and so we will advise you accordingly at the application stage

Critical Illness insurance guide

Get a Free Quote

Get a consultation with our Lifestyle Insurance experts and download free guide





Select option:

Provide me with a quotation
Business Protection guide
Medical Insurance guide
Life Insurance guide

Thank you for contacting us. One of our consultants will be in touch. Please check your mail
Error ! Please fill the all details

What people say about us

The real test came when I made a claim. Thanks to the team at Lifestyle it was sorted in next to no time.
Penelope F
After some uneasy experiences elsewhere, the guys at LFS now look after all my personal and business insurance needs, and they do a great job of it.
Peter B
I was able to get a better policy that also included my jewellery items without any fuss or increase in cost.
Elaine G in HK
The insurance team listened to what I wanted and were able to provide me with more cover and reduce the renewal premium I was being offered from my old provider …..
Tod B In HK
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Lifestyle Insurance is a registered trade name of Platinum Financial Services Limited (PFS) for General Insurance Business. PFS is an authorised insurance broker company registered with the Insurance Authority of Hong Kong Registration Number FB1187 to transact General and Life (including Linked Long Term) Insurance business.

15/F, Skyway Centre, 23 Queen's Road West, Sheung Wan, Hong Kong. Hotline: (852) 3115 7620 Fax: (852) 3115 7630, Email:info@lfsinsurance.com

Please click here for a copy of PFS/LFSI General Insurance Terms of Business (TOB). These terms and conditions shall apply and PFS/LFSI will become your independent insurance broker upon one of the following actions: (1) Upon signing our TOB Agreement (2) You provide consent to us via email or other electronic means (3) Upon payment of premium.

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