Friends Provident's international arm is expanding its presence in Asia by launching a term assurance plan for Hong Kong.
The new plan, International Protector, provides protection to residents of Hong Kong, with a choice of currencies including Hong Kong dollars. It is also available in selected territories and for a range of lives in Asia.
Through International Protector, Friends Provident International offers cover to both local residents and expatriates, terminal illness benefit, a choice of whole year terms ranging from 10 years to 35 years, and online policy tracking and servicing, among other features.
International Protector can cover a wide range of protection needs, from family, mortgage, school fees, inheritance plans to business protection including keyman cover, Friends Provident says.
We have designed International Protector with IFAs and their clients in mind. It offers valuable and cost effective protection with competitive and guaranteed premiums. Our term assurance offering reinforces Friends Provident International’s commitment in producing a broad range of products in Hong Kong and the wider Asia region, the firm’s international director Peter Tunnicliffe says.