My wife and I have both purchased foreign life insurance policies in Hong Kong before becoming tax residents or permanent residents of Australia. I would like to confirm whether the policies we have purchased are considered "eligible policies" under section 26AH of the Income Tax Assessment Act 1936. Here are the policies I have bought:
1 . ManuGlobal Saver: [ https://www.manulife.com.hk/en/individual/products/save/savings/manuglobal-saver.html ]. The below foreign life insurance is an investment-linked life insurance scheme that provides both life insurance protection and investment options. It also offers a switching option, which I believe matches the description in the following link [ https://www.ato.gov.au/law/view/view.htm?docid=TXD/TD9482/NAT/ATO/00001&PiT=99991231235958 ].
2.AIA Capital Saver: [ Unfortunately, this policy is no longer listed on the insurance company's website ]
3.AIA Asset Whole Life Plan: [ Similarly, this policy is no longer listed on the insurance company's website ]
4.OneFuture: [ https://hengansl.com.hk/en/what-we-offer/investment-linked-insurance-plans/onefuture ].
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