Who we are

Our brand

We strive to help customers get more from life with HASL Asia

Company background

HASL Asia enjoys a unique blend of Eastern and Western heritage inherited from our Mainland China and UK background

Awards and recognition

Heng An Standard Life Asia earns industry recognition for its professional services and products

What we offer

Investment-linked insurance plans

Our investment-linked insurance plan may help you capture market potential and cater for your insurance needs

OneFuture

CareMore

Enjoy peace of mind for you and your family with extensive health coverage

Refundable Critical Illness Insurance Plan

Help and support

Interest rate

Calculate the interest rate from a range of currencies and dates

Exchange rate

Calculate the exchange rate from a range of currencies and dates

Download hub

Access forms to switch policies, sign up for investments, change personal information

Payment methods

Choose your preferred way to pay for policies, investments, and more

FAQ

Need more clarity? Read our selected list of questions to guide your understanding

Go green

Go green, go paperless Support environmental friendliness by moving away from paper to electronic notices

Investment information

Professional investment management

Our investment-linked insurance plans offer a wide range of investment choices linked to underlying funds managed by reputable investment managers

Notice in relation to investment choices

Stay fully informed on your investments with the up-to-date notices

Our Investment Choices

Investment involves risks. Past performance is not indicative of future performance. For details of the risk factors, fees and charges of the plan, please refer to the offering documents of the relevant plan.

MoreAcademy

Hong Kong New Capital Investment Entrant Scheme

Committed to offering more with wealth-focused insurance solutions, catering to customers’ financial needs under the New CIES

Education series

Gain more understanding about your insurance with our guides, from basic principles to managing investments over the long term

Market watch

Follow trends and get the latest information about various industry sectors and behaviours

Glossary

A lexicon of insurance-related words to help aid your understanding

News

Heng An Standard Life Asia expects at least one US interest rate cut in 2024

Company  |  2024-07-31

Elections in the world's major economies may increase short-term market volatility

Advisers achieve up to 11% growth in a single month at In+ Simulation Investment Game

Heng An Standard Life (Asia) Limited ("HASL Asia" or “the Company") has released its Q3 2024 economic outlook, in which it has cut the number of expected US interest rate cuts in 2024 from three to one in light of the unexpectedly strong US economic data and the Federal Reserve’s hawkish stance. But if US economic and employment data weaken in the 2H of the year, the pace of overall monetary policy shift may accelerate. Also, as 2024 is a "super election year", elections in the world's major economies may increase market volatility in the short term.

Harriet Zhang, Chief Investment Officer of HASL Asia, said, "The focus of the global economy in the Q3 this year is the correction of the recession predictions and the delay in an expected interest rate cut. The Federal Reserve has revised its inflation forecast for 2024 upward, with the core Personal Consumption Expenditure (PCE) forecast to rise from 2.6% in March to 2.8% in June, and the unemployment rate remaining at the 4% level forecast in March. This forecast is consistent with the recently disclosed actual operating data, supporting the expected delay in an interest rate cut. However, if the economic and employment data weaken in the second half, i.e., the Federal Reserve's economic forecast is proven to be too optimistic, the pace of the overall monetary policy shift may accelerate. In China, the manufacturing PMI fell into the contraction range in May after two months of growth, so that the recent recovery driven by the manufacturing sector remains to be seen.”

In terms of asset allocation, so far this year, the valuations of US and Hong Kong stocks have declined because of the downward revision of earnings growth expectations and the high level of US bond yields. The valuation of European equities has declined due to the rise in European bond yields. In light of the downward revision of regional growth expectations, the bond valuations look slightly better than equities for investors, with the renminbi as the base currency. In summary, the Company maintains a neutral-optimistic rating on bonds, as well as a neutral rating on the US and Chinese stock markets.

Announcement of In+ Simulation Investment Game results of financial advisers

To further enrich the investment experience of customers, HASL Asia recently launched the innovative online investment portfolio platform In+, which allows users to manage the investment choices of their investment-linked assurance scheme (ILAS). In May, the Company invited financial advisers to join the In+ Investment Simulation Game, enabling them to create the best ILAS investment portfolios through In+ from the Company's 300-plus investment options.

The results of the game are now out. 80% of investment portfolios recorded positive returns. The top-performing portfolios grew up to 11% in June, concentrating on technology and India. The 10 winners will each receive HK$2,500 vouchers as a token of appreciation. We are honoured that 90% of the surveyed participants said that In+ could help improve their ILAS portfolio management experience.

Zhang said: "Adhering to our brand proposition of ‘Get more from life’, we are committed to empowering customer experience with technology. Financial advisers actively participated in the In+ Simulated Investment Game, increasing our confidence in promoting In+ to the customer level. As the insurer* that provides the most investment options in Hong Kong’s ILAS market, HASL Asia is also the first* to offer ETF investment options#, providing customers with more than 300 investment choices from 25 renowned fund houses globally. We will continue to collaborate with more fund houses to expand ILAS investment choices across diverse themes and types.”

*Compared to the data from existing insurance companies that offer ILAS products in the Hong Kong market, as of 31 July 2024.
#Unlisted share class

This material is intended for general informational purposes only. The data and information contained and/or provided in this material are for general information and reference purposes. The material has been prepared without considering any specific client or purpose, nor taking into account any specific client‘s investment objectives, financial situation, or personal circumstances or needs. This material does not constitute, nor is it intended to be, construed as financial, investment, tax, or any other advice. Any data and information contained and/or provided cannot be construed as an offer, solicitation, recommendation, or persuasion to purchase any product (including but not limited to insurance products) or service. No one should use or rely on this material to make any decision. Investment involves risks. Past performance is not indicative of future performance. If you have any questions regarding the content of this material, you should seek independent professional advice.


More news