... in order to encourage voluntary savings for retirement, the required legislative process has been completed. This Update serves to set out the textual updates to the Study Notes for the Long Term Insurance Examination (2017 Edition) to reflect the aforesaid developments. 1. The following items are...

... association of underwriters approved by the IA or Lloyd’s. 3.2. A service provider shall also provide information whereby it can be contacted, including its full name, office address, e-mail address, telephone number and fax number. 4. Authorization Status 4.1. Regardless of the media used in conducting...

... disclosed and do not have any undisclosed liabilities 6 In other words, the requirements stipulated under the “Additional measures for customers with risk of over-leveraging” are not applicable if the customer has own funds available to pay the policy in full without the use of the premium financing...

... to facilitate certain products to be distributed through non-F2F methods as soon as possible. Phase 1 In order for the tax deduction to be claimed in respect of Qualifying Deferred Annuity Policy (“QDAP”) and Voluntary Health Insurance Scheme (“VHIS”) for the assessment year 2019-20, the relevant...

... to facilitate certain products to be distributed through non-F2F methods as soon as possible. Phase 1 In order for the tax deduction to be claimed in respect of Qualifying Deferred Annuity Policy (“QDAP”) and Voluntary Health Insurance Scheme (“VHIS”) for the assessment year 2019-20, the relevant...

..., to the extreme, technology may even help identify the protection needs and prompt customers before they realize. Ultimately, we think technology will also help narrow protection gaps, promote financial inclusion, and enhance financial connectivity. In order to achieve a healthier and more sustainable...

... coverage with a relatively low premium. Some traditional plans offer similar coverage as group medical insurance plans, with a maximum limit for each medical benefit item. Some products offer “full cover benefit”, which...

... intermediaries’ remuneration, the need to complete the post-sale call, the 21-day cooling-off period etc. The IFS/AD must be duly signed by the client. 5.3 Member has the duty to put in place a proper mechanism to ensure full understanding of the above by the client, as evidenced in the IFS/AD. 6. Post-sale...

... define and support its objectives; (b) define the roles and responsibilities of persons accountable for management and oversight; (c) set out requirements relating to how decisions and actions are taken; (d) provide for effective means of communicating matters relating to the management and oversight of...