It will act as an agent for ZA Insure.
The Hong Kong Insurance Authority has awarded ZA Bank with an insurance agency licence, allowing it to act as an agent for fully-digital ZA Insure, a statement read.
ZA Insure is a joint venture between ZhongAn Technologies International Group and Fubon Life Insurance (Hong Kong).
ZA Bank will on-board a suite of ZA Insure products in due course. Users can enjoy a one-stop service from quotation, application, underwriting to payment through the ZA Bank App.
Clients can also view their policy details in the app upon policy issuance.
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