Private-sector life insurers are preparing to adjust commission structures for distribution channels, following regulations that came into effect on 1 October requiring insurers to offer higher surrender values for endowment policies.
Chow Tai Fook Life Insurance Co (CTF Life) recently celebrated its upcoming 40th anniversary with the launch of its MyWealth Savings Insurance Plan 2, which empowers customers with faster and higher projected returns, greater autonomy and greater flexibility in inheritance planning.
HSBC Life has introduced Life Treasure III, a regular premium, participating whole life insurance plan which allows clients to multiply their coverage by up to six times, provides financial safeguards for accidental death, and offers broader protection against critical illnesses.
ABL Life Insurance's newly launched product, called the 'ABL The Double Whole Life Insurance,' offers double the basic death benefit if a policyholder passes away after being diagnosed with cancer or other serious diseases.
Manulife is integrating GenAI with agent operations in Singapore and enhancing capabilities in contact centres and underwriting processes.
AIA Singapore has expanded inpatient coverage for mental health care for its corporate insurance policies, at no additional premium.
Nine out of 10 advised clients believe the benefits of financial advice outweigh the costs, the Value of Advice Index has found.
The Reference Checking Scheme for Insurance Intermediaries has entered into effect on 1 September 2024, the Hong Kong Federation of Insurers (HKFI) says.
The life insurance provider has announced the recipients of the inaugural MDRT Grant Programme for New Zealand's Independent Financial Adviser (IFA) channel. The grants are designed to support advisers to develop innovative ways to support customers and accelerate their service provision.
Called Life Advantage, it provides coverage equal to 200% of the sum insured and guaranteed annual income payouts of 5% of the sum insured, EastWest Ageas said in a statement.