Regulatory Alerts2025-03-13
Added · Updated
Application of Existing Guidelines to Indexed Universal Life Insurance Products for Professional Investors in Hong Kong
The Insurance Authority issues this annex to apply existing guidelines to Indexed Universal Life (IUL) products offered exclusively to Professional Investors in Hong Kong. It mandates strict suitability assessments, PI verification, and clear disclosure of mechanisms and risks while permitting authorized insurers and intermediaries to opt out of standard Financial Needs Analysis and Risk Profile Questionnaire processes. The document further specifies governance expectations, investment strategy requirements, and modified benefit illustration scenarios to ensure fair treatment of customers and adequate post-sale controls.