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Generally speaking, you must pass [Chinese subject and Mathematics] or [English subject and Mathematics] so you fulfil the lowest licensing requirement (Reference: Guidelines on Competence
According to the SFC FAQ #7: For former practitioners who have left the industry for between 3 and 8 years, they may be exempted from the relevant competence examinations (including both industry qualification and local regulatory framework papers) when they re-apply for a licence or seek to be re-engaged by a registered institution as a relevant individual.
To obtain a license, apart from getting a pass in the relevant exam(s), you also have to fulfil other requirements on the GL23: Guideline on "Fit and Proper" Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41) Appendix 1 and to be employed by a licensed corporation/ registered institution so as to get your own license through your employer company.