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:

1. Implementation of standards on Minimum Allocation Rates to protect the account values of IL policy/certificate owners;
2. Minimum standards on sustainability tests and communication to policy/certificate owners to improve long term persistency of IL policies/certificates and consumer awareness; and
3. Strengthened disclosure standards on product illustration to facilitate more informed decision-making by consumers.

 
See also:

Investment-linked Business

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