Regulatory Alerts2025-02-28
Added · Updated
Practice Note on Illustration Rate Caps in Benefit Illustration for Participating Policies
The Insurance Authority issued this Practice Note on 28 February 2025 to establish caps on illustration rates used in benefit illustrations for participating policies. The regulation applies to all authorized institutions and aims to ensure that product illustrations remain realistic and prudent. This guidance standardizes the assumptions used in marketing materials to protect consumers from misleading projections.
CIR
Current
Issue Date:
28 Feb 2025
20250228-3-EN.pdf (136.6 KB)
Topic:
Wealth Management & MPF - Insurance products
Group:
All Authorized Institutions
Directly related Document
Cross referenced Document
Version History
Superseded Document
Directly related Document
CIR
Current
28 Feb 2025
Practice Note issued by the Insurance Authority (“IA”) on Illustration Rate Caps in Benefit Illustration for Participating Policies
Annex
Current
28 Feb 2025
Enclosure 2 - IA’s Practice Note
CIR
Current
28 Feb 2025
Practice Note issued by the Insurance Authority (“IA”) on Illustration Rate Caps in Benefit Illustration for Participating Policies
Annex
Current
28 Feb 2025
Enclosure 2 - IA’s Practice Note
Cross referenced Document
Version History
Superseded Document
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