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 to establish caps on illustration rates used in benefit illustrations for participating policies. The regulation applies to all authorized institutions and aims to ensure consistency and appropriateness in product disclosures. It serves as a direct follow-up to the IA circular dated 28 February 2025 regarding wealth management and insurance products.