Regulatory Alerts2025-09-19
Added · Updated
Circular on the Naming Requirements for Insurance Products
The Insurance Authority and the Hong Kong Monetary Authority mandate that insurance products with savings features must include the words 'insurance' and '保險' in their English and Chinese names respectively. This requirement applies to new products launching from January 2026 and existing products continuing sales after January 2027, with exemptions for Investment-Linked Assurance Scheme and Qualifying Deferred Annuity Policy products. Regulators require insurers to update marketing materials and policy documents to prevent customer confusion regarding the nature of these savings-oriented insurance policies.