Kathmandu. FWD Pvt. Bermuda has set a new Guinness World Record by issuing a life insurance policy of $318 million. This is the highest sum insured ever for such a product. <\/p>\n
The policy was issued by FWD Pvt. Ltd., the high networth arm of the Hong Kong-listed FWD Group. According to the company’s statement and reports published in the South China Morning Post and Habis, a certificate confirming the record was received in Hong Kong on November 9. <\/p>\n
This new figure surpasses the previous record of $300 million set by Manulife Singapore in February this year. Prior to that, HSBC Life Hong Kong had set a record by issuing a policy of $250 million in early 2024. <\/p>\n
FWD did not disclose the name of the customer. Company officials said that this cover was produced for one person. Its purpose is to protect the property and create a legacy plan for future generations. <\/p>\n
Hong Kong-based insurance brokerage firm Charles Monat Associates helped close the deal. According to Teddy Chuk, chief executive of the firm’s Hong Kong office, the same consultant played a key role in setting the previous record. “This deal is proof that Hong Kong is strengthening its position as a global hub for complex property and life insurance solutions for ultra-high net-worth families,” he said. <\/p>\n
FWD Private was established in 2023 to provide legacy planning products, especially to high-net-worth and ultra-high net-worth customers. Shaelyn Sham, the organization’s Chief Partnerships Distribution Officer, explained that the scale of the case required very close coordination between brokerage, a private bank, reinsurance companies, and FWD’s distribution, underwriting, and product design teams. She described this achievement as a milestone reflecting growing customer confidence in FWD Group’s ability to deliver high security and succession strategies across Asia. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. FWD Pvt. Bermuda has set a new Guinness World Record by issuing a life insurance policy of $318 million. This is the highest sum insured ever for such a product. The policy was issued by FWD Pvt. Ltd., the high networth arm of the Hong Kong-listed FWD Group. According to the company’s statement and […]<\/p>\n","protected":false},"author":16,"featured_media":322922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-322924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=322924"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322924\/revisions"}],"predecessor-version":[{"id":322925,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/322924\/revisions\/322925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/322922"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=322924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=322924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=322924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}