LIA News

Guidelines on Benefit Illustrations (1 Jul 12)

The revised Guidelines take effect on 1 July 2012.

- Cover for the Guidelines

- LIA Guidelines on Benefit Illustrations (1 July 2012)

-- Published 26 January 2012 --
LIA Minimum Standard for Continuing Professional Development of Life Insurance Representatives (w.e.f. 1 April 2012)

The amended revised Guidelines will take effect from 1 April 2012.

-- Published 10 January 2012 --
NEW! Find out how the fact-find process can benefit you as a consumer?

View a video at http://www.lia.org.sg/consumers/fact_find/know_the_client

-- Published 28 December 2011 --
Revised LIA Guidelines on Minimum Standard for Life Insurance Advisory Process

The revisions will take effect from 1 July 2012.

-- Published 01 December 2011 --
ASEAN Insurance Regulators Meeting (24 November 2011)
-- Published 25 November 2011 --
Singapore hosts the 37th ASEAN Insurance Council Meeting (23 to 25 November 2011)
-- Published 22 November 2011 --
Revised LIA Guidelines on Training & Competency Plan and Continuing Professional Development

The revisions for LIA Guidelines on T&C and CPD will take effect from 1 April 2012.

-- Published 20 October 2011 --
Policy Owners' Protection Scheme

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 2011: Keynote Address and Daily Newsletters

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 --
LIA Statement

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 --