Policy Assignment / Release of Policy Assignment
Servie Introduction
The policy assignment services allow customers to flexibly apply for using the policy as collateral based on the policy value, unlocking funds to support business development or personal needs. This simple, efficient service provides customers with an option for quick turnover of funds and financial flexibility.
The release of policy assignment service aims to allow the policyholder to restore the ownership of the policy after resolving related financial arrangements.
Other Application Methods
《Policy Assignment/Release of Policy Assignment Form》
Forms Download 
FAQs & Important Notes

No. If policy onwer want to pledge the policy, please check with the relevant bank whether the application can be accepted (subject to bank's approval).

Policy financing means customer borrows money from the bank to purchase the policy without purchasing the policy, and the policy will be used as collateral for the bank.

Policy assigment is customer using an purchased policy as collateral for a bank loan.

The policyholder wants to pledge the policy that client needs to fill in and submit the "Policy Assignment / Release of Policy Assignment Form " or Policy Assignment Declaration" and the relevant mortgage documents applied to the mortgage bank.

If you need to cancel the policy assigment, policyholder need to fill in and submit the "Policy Assignment / Release of Policy Assignment Form" with signed of policy holder and the relevant mortgage bank to application.

Yes. The policyholder can submit a completed and signed "Application for Reissue Policy Contract" form, pay the administrative fee based on the policy currency (HKD200 / RMB200 / USD25), and signature of assignee is required as well. (Note: Our company will only issue a copy of the policy contract to the policyholder)

Policy Assignment/ Release of Assignment is not available via oneline service now, policyholder should submit paper documents for application. Please check with the relevant intermediary or bank for details.