LIA News

The Policy Owners' Protection (PPF) Scheme protects existing and future policyowners should a life insurer, which is a Member of the PPF Scheme, fail. Policyowners receive 100% protection for the guaranteed benefits of their life insurance policies, subject to maximum caps where applicable. For full details, please click here.

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-- Published 29 September 2011 --

25th Pacific Insurance Conference (PIC) 2011
Marina Bay Sands Convention Centre, Singapore

- Keynote Address by Mr Lim Hng Kiang, Minister for Trade and Industry, and Deputy Chairman, Monetary Authority of Singapore

- Daily coverage of the 25th PIC by Asia Insurance Review:

-- Published 14 September 2011 --

Under the new MAS Notice on Recommendations on Investment Products (FAA-N16), which replaces FAA-N01, investment-linked life insurance policies (ILPs) are classified as an unlisted "Specified Investment Product" (SIP).
 
Representatives are required to conduct a "Customer Knowledge Assessment" (CKA) to assess whether the customer has the relevant knowledge or experience to understand the risks and features of an unlisted SIP....

-- Published 28 July 2011 --

The captioned guidelines take effect from 1 April 2011.

Attachment: MU5510.pdf

-- Published 01 April 2011 --

On 2 March 2011, the members of Life Insurance Association, Singapore re-elected Tan Hak Leh, Chief Executive Officer of Great Eastern Life Singapore, as President for a second one-year term.

Serving as Mr Tan's Deputy President again is Neal Armstrong, General Manager and Principal Officer of Zurich International Life's Singapore Branch. Assuming the other Deputy President's seat is Simon Newman, Chief Executive Officer of...

-- Published 02 March 2011 --