Part 4: Investment-linked LT Insurance Policies
Paper V — Investment-linked Long Term Insurance · Part 4: Investment-linked LT Insurance Policies
Further reading: Investment-linked LT Insurance Policies study notes →
Which authority primarily regulates investment-linked assurance schemes in Hong Kong?
Why: ILAS are insurance products primarily regulated by the Insurance Authority (IA). Since ILAS involves an investment component, the Securities and Futures Commission (SFC) also has regulatory oversight over related intermediaries. HKMA primarily regulates the banking sector; HKEX oversees exchanges and related markets.
What does the 'policy administration charge' in an ILAS policy typically refer to?
Why: The policy administration charge is an administrative fee periodically (usually monthly) deducted from the policy value by the insurer. This fee covers administrative expenses related to policy management. The fee structure of ILAS is complex, including premium allocation charges, policy administration charges, mortality charges, fund management fees, and switching fees.
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