HONG KONG, Dec. 11, 2013 /PRNewswire/ -- ACE Life Insurance Company Ltd. (Incorporated in Bermuda with Limited Liability) ("ACE Life in Hong Kong"), part of the ACE Group of Companies, was honored with the "Outstanding Achiever" title in the "Critical Illness Product" and "Retirement Product" categories of the Benchmark Wealth Management Awards 2013. These awards demonstrate ACE Life's leadership and excellence in life insurance product development in Hong Kong.
Anthony Mak, Country President of ACE Life in Hong Kong said: "It is very encouraging for us to win these awards for the first time since ACE Life commenced its operations in Hong Kong only in 2011. At ACE Life, we are committed to helping our customers and their families secure long-term protection for their financial future. We strive to achieve these through the offering of a diverse range of life insurance products and services. These awards are testament of our product strategy and the quality in meeting customers' changing needs."
According to the judging panel, the Retirement Product of ACE Life in Hong Kong has many compelling features. It maintains high health insurance ratings to ensure customers are dealing with a valid and trustworthy business, and a clear pricing and fee structure with detailed explanations about benefits, exclusions, inclusions, terms and conditions. As for Critical Illness series, its features are innovative and competitive in giving customers financial protection that they need. The tutorial literature is engaging as well.
Organized by Benchmark Magazine, the Benchmark Wealth Management Awards recognize a company's accomplishments and its products. It also takes into account the company's financial strength, support and service systems for distributors and customers; and its pricing structure, creativity, innovation, simplicity, usability, flexibility, capabilities, confidentiality and unique product features. The competition comprised 26 industry's best practice categories, with winners selected by a panel of jurors with criteria including the quality of the submission, the brand popularity index and the professional expertise of the jurors.
