Informs direct life and composite insurers on amendments to MAS Notice 307 (Investment-Linked Policies).
Notice 307 Investment-Linked Policies
Requirements and standards in relation to disclosure, investment guidelines, borrowing limits and operational practices for investment-linked policies.
This notice applies to all direct life insurers who offer investment-linked policies.
It sets out:
- Mandatory requirements on notifications to MAS, valuation of units, audit of ILP sub-funds, disclosures and other operational practices.
- Non-mandatory standards on investment guidelines, borrowing limits, valuation errors and compensation, and other operational practices.