01/03/2026 | 1 minute read
MyPace Life Limited Completes Section 24 Portfolio Transfer from The Canada Life Assurance Company and Canada Life Limited
Important Notice: Hong Kong Portfolio Transfer
MyPace Life Limited (“MyPace Life” or “the Company”) has successfully completed the transfer of the Hong Kong long-term insurance businesses of The Canada Life Assurance Company (“CLA”) and Canada Life Limited (“CLL”), with effect from 1 March 2026.
The portfolio transfer was conducted pursuant to Section 24 of the Insurance Ordinance (Cap. 41) and was sanctioned by the Court of First Instance of the High Court of Hong Kong on 13 February 2026. Under the sanctioned Scheme of Transfer, MyPace Life has assumed insurance liabilities and policy obligations previously held by CLA and CLL in respect of the transferred Hong Kong long-term insurance policies.
Policyholder Protection and Continuity
All policyholders can be assured that:
- No action is required – The transfer has been completed automatically
- All coverage remains unchanged – Policy terms, benefits, and coverage continue exactly as before
- Full regulatory protection continues – Policies remain governed by Hong Kong’s insurance regulatory framework and supervised by the Hong Kong Insurance Authority
- All policyholder rights are preserved – Every entitlement under your policy remains in full effect
MyPace Life is now responsible for all policy administration, customer service, claims processing, and meeting all contractual obligations to policyholders. The Company operates as a fully authorized Hong Kong insurer under the complete supervision of the Hong Kong Insurance Authority.
Customer Portal Now Live
Our online customer portal is now live! You can now register and access your policy details anytime on MyPace Online.
Our team is always here to assist you, so please do not hesitate to contact us directly.