Building a Solid Wealth Foundation
Most people believe that wealth management is simply about pursuing the highest returns. In fact, the first step in wealth management is risk management. By safeguarding your wealth, you can prevent unexpected life events from undermining your original quality of life.
We understand that your wealth management needs at different life stages go beyond this. We are here to listen carefully to your goals and provide you with more comprehensive financial advice. Contact our wealth management team today.
There is a wide variety of insurance products available in the market, each offering different coverage, returns, and compensation. It is advisable to compare options carefully before purchasing. Skywalker Wealth Limited can help you select the most suitable insurance company and plan based on your actual goals, aligning with both your financial objectives and protection needs.
Features
Accidents are unpredictable, but protection can be prepared in advance. With suitable coverage, your financial risks can be reduced. In the event of the unexpected, personal accident insurance ensures you receive sufficient financial protection to cover medical expenses. Beyond meeting individual needs, it also provides more comprehensive protection for your family's personal and property insurance.
Personal accident insurance provides compensation when the insured encounters an accident, though the method of compensation varies by product. In cases where an accident results in disability or death, some policies offer a lump-sum payout. Other products may reimburse the insured on an actual-expense basis for medical and hospitalization costs arising from the accident, and even subsequent treatment expenses. Therefore, policyholders should carefully choose a plan that best suits their own needs before purchasing.
Insurance companies determine premiums based on the policyholder's occupational category; once insured, the coverage must be renewed annually.
Life insurance provides protection for your loved ones in the unfortunate event of your passing. Our company offers different types of life insurance, including whole life, term life, and universal life policies. Each has its own unique features, ensuring that we can meet your specific needs.
Key Features:
The original purpose of critical illness protection is to provide financial security to the policyholder once a critical illness has been diagnosed. Due to the demands of busy work schedules, people often face problems such as irregular working hours, stress, inconsistent meal times, poor dietary habits, and lack of exercise. All these factors increase the likelihood of developing critical illness such as heart disease and cancer, while the age of onset for such illnesses is also becoming progressively younger.
Key Features:
Medical insurance helps share the burden of expensive and rising medical costs.
In today's fast-paced urban lifestyle, people often overlook minor health issues and fail to plan adequately for medical protection. Illnesses are unpredictable—when sickness strikes, one not only has to fight the disease but also face the heavy burden of medical expenses. By arranging a lifetime medical protection plan in advance, you can ease the financial pressure of healthcare costs during illness and at the same time relieve your family's worries.
Coverage Includes:
Participating policies are classified as medium-to long-term insurance plans, combining both protection and dividend features. In addition to the insurance protection provided by the policy itself, policyholders can also participate in the performance of the dedicated participating account, thereby receiving bonus distributions. The allows them to benefit from the investment results managed by the insurance company, bringing clients advantageous and long-term stable investment returns.
Key Features:
Participating policies are classified as medium-to long-term insurance plans, combining both protection and dividend features. In addition to the insurance protection provided by the policy itself, policyholders can also participate in the performance of the dedicated participating account, thereby receiving bonus distributions. The allows them to benefit from the investment results managed by the insurance company, bringing clients advantageous and long-term stable investment returns.
Key Features:
Beyond personal protection, a comprehensive financial plan must also ensure that key personal assets—such as a home, car, or office premises—are safeguarded against unforeseen circumstances.
General protection plans fall into three categories:
Features
According to the Employees' Compensation Ordinance, employers are legally liable under the Ordinance and common law to provide compensation for employees who are injured or die in the course of employment. Employers are prohibited from hiring any employee—regardless of contract duration, working hours, or whether full-time or part-time—without such coverage.
If an employee is injured at work, medical expenses may range from several thousand dollars for minor treatment to tens or even hundreds of thousands in cases of serious injury requiring prolonged sick leave and long-term care. To protect the rights and interests of both parties, all employers are required to purchase employees' compensation insurance—including for part-time domestic helpers—so that they can meet their obligations under the Ordinance and common law to provide compensation in the event of work-related injury or death.
Whether you are planning renovations for your home, shop, or office, it is essential to have an insurance plan in place before work begins to provide comprehensive protection for the upcoming project. In fact, most property management companies require property owners, unit occupants, or contractors to present valid proof of insurance before renovation work can be carried out.
A construction insurance policy provides coverage for accidents, property damage, and even legal liabilities arising from the project. The coverage amount can also be flexibly adjusted according to the contract value, third-party liability, or specific requirements under the Employees' Compensation Ordinance.
Owning a home is the goal of many, but a safe and secure home is what every family truly needs. In the unfortunate event of severe household property loss or repair costs caused by typhoons, fire, burglary, flooding, or burst pipes, a home insurance policy provides comprehensive protection for both your property and household belongings—giving you complete peace of mind.
Many tenants assume that if they do not own the property, they do not need to purchase home insurance. In fact, tenants also need to protect their own belongings. Even if the furniture belongs to the landlord, tenants should obtain home contents insurance if the tenancy agreement specifies that they are responsible for the furniture within the premises.
Joining a working holiday program allows you to learn from your journey, experience the cultures of different countries, broaden your horizons, and enrich your life. At the same time, it is equally important to provide young people in such programs with comprehensive protection, enabling them to explore new cultures and lifestyles abroad with peace of mind and pursue their dreams. The AIG Working Holiday Protection Plan also offers 24-hour, highly efficient emergency support, delivering immediate assistance and professional medical advice in the event of an emergency.
Travel insurance provides peace of mind during your journey by protecting you and your belongings while traveling. Coverage may include accidents, flight delays, loss of personal property, and unforeseen incidents that result in financial loss. Depending on the scope of coverage, some travel insurance policies also cover emergency medical expenses, trip cancellations, baggage loss or damage, and third-party liability.
You can choose between a single-trip policy and an annual travel policy, depending on how frequently you travel.
The Mandatory Provident Fund (MPF) Scheme is a retirement protection system established by legislation for all working individuals in Hong Kong. According to the law, with certain exemptions, all employees and self-employed persons between the ages of 18 and 65 are required to participate, and employers must enroll their employees in an MPF scheme. The statutory contribution is calculated at 5% of an employee's relevant income, with the employer making an additional 5% contribution, amounting to a total of 10%. Contributions are generally made on a monthly basis. Employees may also choose to make additional voluntary contributions if they wish.
Features
The Integrated Trust Scheme is the most common type of MPF scheme. It is open to employees of participating employers, self-employed individuals, and persons who transfer their accrued benefits from other schemes.
Key Feature: By pooling contributions from different employers, their employees, and self-employed individuals, the scheme leverages economies of scale to enhance management efficiency.
Participation is restricted to employees who are employed by the same employer or its affiliated companies.
Key Features: Due to the participation requirements, the scheme is cost-effective only when the employer has a large number of employees. It offers a variety of fixed contribution periods.
Specifically designed for employees in the catering and construction industries, particularly casual employees (those hired on a daily basis or for a period of less than 60 days).
Key Feature: Casual employees who change jobs within the catering or construction industries are not required to switch schemes, provided that both their former and new employers participate in the same Industry Scheme.
The MPF forms part of an employee's retirement assets, offering five main types of constituent funds: equity funds, mixed asset funds, bond funds, guaranteed funds, and MPF conservative funds. In general, the higher the expected return of a fund, the higher the potential risk.
The general withdrawal age for MPF is 65. Young People may have an investment horizon of 30 to 40 years. With relatively higher risk tolerance and a longer time frame to ride out short-term market fluctuations, they may consider portfolios with a higher equity allocation to seek capital appreciation and hedge against inflation risk. Conversely, as individuals grow older, they should gradually reduce their equity holdings and increase investments in bonds or other low-risk assets to lower overall risk. Alternatively, diversifying across MPF funds in different regions or allocating to various asset classes can also help mitigate risk.
If you do not have the time to manage your MPF, or lack the knowledge to select appropriate funds, you may consider the Default Investment Strategy (DIS). The Default Investment Strategy (DIS) is a ready-made investment solution designed to address the challenges of high fees and complex fund choices in MPF schemes. It aligns with retirement investment principles and automatically adjusts investment risk according to your age. The DIS also adopts a globally diversified investment approach, with a fee cap in place, helping scheme members make effective use of their MPF savings.
If an MPF scheme member does not provide investment instructions to the trustee, the trustee will automatically invest the member's MPF account according to the Default Investment Strategy (DIS). You may also switch your existing fund investments to the Default Investment Strategy (DIS), or choose to invest in the constituent funds under the DIS.
