Important Notice
1. Please refer to New Business Administrative Manual section 7 for details and updated requirement (updated: 24 Apr 2013)
2. YF Life can accept third party payment by DDA only.
It is not necessary to provide either HKID copy of payee or proof of relationship between payee & owner.
3. It is prohibited to use other bank account for renewal premium except the bank account holder is the direct family member of the policy owner (ie parent, son/daughter, spouse, brother, sister). For this case, must fill the supplementary information in Direct Debit Authorisation (G07) ([D1])
4. Only accept the credit cards of the policy owner, insured or policy owner’s immediate family members (i.e. parent, son/daughter, spouse, brother, sister). The company does not accept the credit cards of other parties. (updated: 27 April 2011)
5. YF Life does not accept consultant’s cheques, for other cheques, please provide the identification information on the payer.
In order to protect client’s interest and to prevent money laundering and terrorist financing, YF Life reserves the right to refuse the third-party cheques and will not accept cash payment where no identification information on the payer is provided on Payment Slip (G04) ([P1]).
YF Life