Volatile markets dent bonuses for some participating policyholders

Singapore

THE prolonged low-interest-rate environment and volatile markets spell bad news for a fraction of participating (par) policyholders here, who can expect to receive lower non-guaranteed bonus payouts than projected.

Most of the major life insurance players here have completed their annual bonus declaration exercise; seven of the nine have completed their reviews.

Of the seven, four of them - AIA Singapore, Great Eastern Life, HSBC Insurance Singapore and Tokio Ma…