Policy Document on Investment-linked BusinessRelease Date: 14 Jan 2019
This policy document sets out strengthened requirements on the conduct of investment-linked (IL) business with the primary objective to protect the interests of consumers. The salient requirements are as follows:
- Implementation of standards on Minimum Allocation Rates to protect the account values of IL policy/certificate owners;
- Minimum standards on sustainability tests and communication to policy/certificate owners to improve long term persistency of IL policies/certificates and consumer awareness; and
- Strengthened disclosure standards on product illustration to facilitate more informed decision-making by consumers.
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