... of Insurtech, the IA strikes a balance carefully – while life insurance products offered through digital channels must be simple and contain high protection elements, we are also mindful that innovation should not be stifled by over regulation. Second, we endeavour to cultivate a healthy ecosystem...

... of Insurtech, the IA strikes a balance carefully – while life insurance products offered through digital channels must be simple and contain high protection elements, we are also mindful that innovation should not be stifled by over regulation. Second, we endeavour to cultivate a healthy ecosystem...

... surrender charges - for business introduced by insurance agents) 5. Appendix C2: Important Facts Statement and the Applicant’s Declarations (Simple charge structure version for upfront and surrender charges - for business introduced by insurance agents) 6. Appendix D1: Post-sale Call Content for Vulnerable...

... IFS Versions  Fundamentally, there are two versions of the IFS to reflect the complexity of the Fees & Charges of the specific product being sold;  These versions are referred to as “Simple” and “Complex”. It is the Member Company’s responsibility to match the more appropriate IFS with its...

... Procedures will be kept as simple as possible. The Code also sets out procedures for review or complaint if any person considers that the Code has not been properly applied. 2 (Aug 2018) Part 1 Scope 1.1 This Code applies to all IA staff. Courts, tribunals and inquiries 1.2 The existing legal rules governing...

... Examination Questions The examination will consist of 75 multiple-choice questions. The majority of the questions will be very straightforward, involving a simple choice from four alternatives. These we may call Type ‘A’ Questions. A selection of the questions (probably between 10% and 15%) will be slightly...

... of other projects, are encouraged and made possible partly because insurance is available. - o - o - o - 1/5 Representative Examination Questions The examination will consist of 75 multiple-choice questions. The majority of the questions will be very straightforward, involving a simple choice from...

... versions are referred to as “Simple” and “Complex”. It is the Member Company’s responsibility to match the more appropriate IFS with its associated information, i.e. details of the fees and charges, to the ILAS product being sold;  For ILAS products with “complex” charging structure, it is recognized that...

... can use part of their savings to purchase an immediate annuity and start receiving a steady stream of income. Purchasing an annuity only requires a one-o� transaction and a policyholder does not need to spend much time managing the annuity in the future. It is a simple retirement financial arrangement...

... sales channels such as mobile apps available for consumers to take out simple and standardised insurance products. We don’t know how this development may impact the role of insurance intermediaries. But we need to get prepared for changes that may come earlier than we expect. In any case, the Authority...