According to a survey by Manulife, the vast majority of respondents (92%) said they are willing to spend more to prolong their health span. Investing in exercise and healthier diet are the main ways people seek to improve their health. Furthermore, with mental health issues on the rise, mindfulness activities, such as yoga and brain training, are also popular ways of self-help.
Hongkongers expect their later years to be dogged by poor health, a period many think will start when they enter their early-to-mid sixties, according to the Manulife Asia Care Survey 2023. These findings show there is a compelling need for people in Hong Kong to have a savings plan in place to help with the medical costs in later life.
Max Life Insurance Company has unveiled the findings of its first-ever rural edition of its flagship survey India Protection Quotient survey (IPQ) which indicate, among several things, that only 22% of India's rural population own life insurance products, compared to 73% across urban India.
The Australian Securities and Investment Commission (ASIC) has highlighted several areas where superannuation trustees should be making meaningful improvements to deliver better insurance outcomes for members.
Ping An Insurance (Group) Company of China's net profit attributable to shareholders of the parent company amounted to CNY83.8bn ($12.1bn) in 2022, dropping by CNY17.8bn or 17.6% year on year, according to the Group's audited financial statements for the year ended 31 December 2022 released on 15 March.
Five major A-share listed insurance groups have reported a cumulative combined premium income of CNY757.7bn ($109.8bn) for the first two months of this year, representing an increase of 3.1% over the corresponding period in 2022.
Someone in poor health or with medical problems should have an entirely different plan from a person who is healthy, said certified financial planner Carolyn McClanahan.
China is eyeing a "progressive, flexible and differentiated path to raising the retirement age", a senior expert from China's Ministry of Human Resources has said.
Spending on life insurance, retirement savings, investment in property, children's education, top the list of how the majority of UAE residents plan to use their annual bonuses, according to the findings of a survey commissioned by Zurich International Life (Zurich), part of Zurich Insurance Group.
Financial planning, money management, and investments have traditionally been male-dominated and male-oriented. Even with women excelling in all fields of life and becoming increasingly independent, their financial planning still takes a backseat.