LIA News

If you are unsure when it comes to buying a life insurance policy, an improved consumer guide will help to ensure that the policy you buy is appropriate based on your financial need.

With effect from October 1, a new edition of the compulsory consumer guide, Your Guide to Life Insurance*, will be issued. Your financial adviser or insurance representative will provide you with a copy at the point of purchase.

Produced by the Life Insurance Association (LIA) and...

-- Published 25 September 2007 --

Policyholders who have nominated a spouse and/or child at any time may refer to FAQ to understand the implications of such nomination. If there are further queries, policyholders can call their insurers' hotlines.

For your reference:

-- Published 16 August 2007 --

LIA Guidelines on Participating Life Policies (1 Mar 08)

For your reference, MAS has issued Notice on Enhanced Governance and Disclosure Framework for Participating Life Insurance Business on 29 Jun 07:

MAS Press Release

MAS Consultation Paper 2005

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-- Published 29 June 2007 --

Attached is the media release and the survey results for the LIA consumer survey 2006.

-- Published 10 November 2006 --

Consumers will now be better assured that the representatives they deal with from financial firms possess clean track records and conduct themselves professionally. Industry and professional bodies in the financial sector have joined together to implement standardised reference checking across the different financial industry sectors. Starting October 2, 2006, persons applying for jobs to conduct regulated activities within the financial services industry can expect their prospective...

-- Published 27 September 2006 --