A projected annual investment returns figure that has been used to market life insurance products for more than 11 years might be coming down.
From July this year, the figure could drop from its current 5.25% by possibly half a percentage point to 4.75%.
Furthemore, an annual review might take place on this figure in line with the push to improve standards in the financial advisory industry.
The change will not affect the actual values of existing or future insurance policies. But it will give a more realistic picture of how life insurance policy cash values grow over time.
Source: Business Times
