Regulatory Alerts2025-03-13
Added · Updated
Guidelines on Indexed Universal Life Insurance Products for Professional Investors
The Insurance Authority and the Hong Kong Monetary Authority issued these guidelines to clarify the regulatory framework for Indexed Universal Life (IUL) products sold exclusively to professional investors. The regulators recognize that while IUL products are classified as linked long-term business, certain standard requirements may be amended or offset to ensure practical application without compromising policyholder protection. Authorized insurers and licensed intermediaries must adhere to the specific provisions outlined in the Annex when designing, offering, and selling these products to professional investors.