Par funds managed according to rules

WE refer to the articles "Life insurers urged to show they can meet bonus forecasts" and "Par fund clarity - full bonus history is quite reasonable" (BT, Dec 14, 2015).

In our efforts to continue enhancing disclosures of par policies, the Life Insurance Association of Singapore (LIA Singapore) will be including two projected yields to maturity or net returns in the benefit illustration of par policies in the near future.

It is our priority to ensure fair dealings and integrity in the way business is conducted within the industry so that policies offered are sustainable and to the benefit of customers. Accordingly, all our members adhere to regulatory requirements, governance processes and the Insurance Act which safeguard the interests of all parties involved.