Singapore life insurers to cut 'unrealistic' projected policy yields

clock • 2 min read
Singapore life insurers to cut 'unrealistic' projected policy yields

Life insurers in Singapore will have to show a more realistic range of projected investment returns for policies from July, the City state's Life Insurance Association (LIA) said on 2 June. The revised caps on participating policy illustrations for Singapore-dollar denominated Participating (Par) policies will go live 1 July 2021 amid what the association called the "prevailing low interest rate environment". Life insurers will be required to illustrate at least two scenarios; an upper ...

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