Regulatory Alerts2022-03-03
Added · Updated
Circular 2 of 2022 – Growth Rate Scenarios for Life Insurance and Family Takaful Illustrations, 2022
The Securities and Exchange Commission of Pakistan mandates growth rate scenarios of 9%, 11%, and 13% with inflation-adjusted returns of 3%, 4%, and 5% for life insurance and family takaful illustrations effective February 15, 2022. All new illustrations issued on or after this date must utilize these specified rates. Additionally, life insurers and family takaful operators are required to submit sample illustrations for each product to the Commission on or before February 15, 2022.