Singapore
MOST of the 10 major life insurers here now have less of an excuse not to pay out non-guaranteed benefits or bonuses on their products linked to participating funds - because they are all in a position to do so, the latest filings show.
In a participating or Par insurance product, a reversionary bonus is an annual bonus that cannot be reduced once it is added; a terminal bonus is added on top of the reversionary bonus and allocated to policyholders when they make claims or when their policies mature.
Neither of these bonuses are guaranteed.
A rough measure of whether an insurer is in a position to pay out future non-guaranteed bonuses - based on publicly available data - is the size of...