Official sources cited on ilp.com.sg: MAS, MoneySense, LIA, CPF Board, MOF, IRAS, SDIC, FIDReC, public firm materials and Hong Kong regulators, with secondary sources flagged.
Type：SourcesUpdated：2026-10-23About 10 min read
This page lists the sources cited in the text of ilp.com.sg, grouped by publishing body, with the title, date, link and how each is used on this site. Every figure and regulatory statement on the site should trace back to one of the sources below; where no source can be found for a figure, the text gives no specific value and instead describes the mechanism, noting that the latest documents from the insurer or the relevant authority prevail. The last full review was on 23 October 2026.
How to use this list: source hierarchy, dates and updates
Source hierarchy. This site draws on sources in the following order: (1) legislation and regulatory notices, such as MAS Notice 307, Notice 318 and Notice FAA-N16; (2) regulators' media releases, consultation responses, parliamentary replies and MoneySense education pages; (3) consumer guides, industry guidelines and business results from the Life Insurance Association Singapore (LIA); (4) pages from bodies such as the CPF Board, MOF, IRAS, SDIC and FIDReC; (5) public materials from insurers, banks and platforms, used only as examples of how things work; (6) law firm summaries, media and blogs, marked "secondary".
Dates. For legislation, the date shown is the publication or latest revision date; for web pages, the latest update date stated on the page; where a document or page has no date, it is marked "undated" or "no update date on page", with the date accessed (23 October 2026). Government and institutional pages change from time to time, and readers citing them should rely on the latest version.
Updates. CPF interest rates are reviewed quarterly, SRS, tax and CPFIS rules may change, and MAS's legislative amendments for complex products are still to be consulted on. This list is updated along with the text; if you find a broken link or changed content, the original institution's page prevails.
MAS: legislation, notices and guidelines
Body
Title
Date
Link
Use on this site
MAS
Notice 307 Investment-Linked Policies
Issued 23 Sep 2011, effective 1 Oct 2011; MAS Notice 307 (Amendment) 2021 issued 28 Jun 2021, effective 1 Jul 2021 (MAS notice page)
Unit valuation, the requirement to follow the LIA sub-fund pricing standard (paragraph 74A), the premium charge (paragraphs 27A/27B, applying to ILPs issued from 8 Oct 2021), mandatory documents, statement frequency, the definition of expense ratio, investment restrictions and redemption deadlines
MAS
Notice 318 Market Conduct Standards for Direct Life Insurer as a Product Provider
The CKA, selected clients and trusted individuals (paragraphs 10A–10D), pre-transaction call-backs (paragraph 41K) and rules on switching products (paragraphs 42–44)
MAS
Notice FAA-N20 Remuneration Framework for Representatives and Supervisors (Balanced Scorecard) and Independent Sales Audit Unit
ILPs to be classified as complex products and required to provide a PHS; selected clients; pre-transaction alerts; legislation to be consulted on separately
MAS
Consultation Paper on Enhancements to PHS Requirements and Complex Products Framework (P009-2025) and response
Sub-funds and the two types of ILP, front-end and back-end charging examples, premium holidays, risk categories and suggested holding periods, CPFIS limited to single premium, free-look refund basis, questions to ask your adviser, FIDReC
LIA Singapore
Enhancements to Policy Illustration (PI) of Investment-Linked Policy (ILP)
No policy illustration for single-premium ILPs from 1 Feb 2014, the 150% threshold for protection-oriented policies, the 0% column and lapse statement; the higher and lower illustrative rates "currently capped" at 8% and 4%
LIA Singapore
MU 22/24 Appendix IV (b): Main PI Format – Investment-Linked Policy (replacing the 7 Jun 2024 version)
Current ILP illustration template: rates shown as placeholders [0%]/[B%]/[C%], stated before the funds' annual management charges, and not representing upper or lower limits on performance
LIA Singapore
Full-year 2025 results media release (S$6.53 billion Total Weighted New Business Premiums)
50% of withdrawals taxable after retirement age, a 5% penalty on premature withdrawals, and an exemption of up to S$400,000 on death or terminal illness
SRS can buy single-premium insurance, with a cap on the multiple of life cover (operator bank material; the actual multiple is subject to current terms)
Hong Kong Investment-linked Assurance Schemes (ILAS) are regulated jointly by the Insurance Authority, the SFC and the HKMA, each with its own remit
Secondary sources and items to be verified
The sources below are law firm summaries, media reports or blogs, used only for background, opinion or timelines; the related figures follow the primary sources above.
Body
Title
Date
Link
Use on this site and notes
Allen & Gledhill
MAS responds to feedback on proposed enhancements to PHS requirements and complex products framework
Summary of MAS's 13 Mar 2019 decision on monthly statements for single-premium and recurrent single-premium ILPs; the final wording is in paragraphs 35 and 35A of Notice 307
The Straits Times (republished by Singapore Law Watch)
Concerns raised over investment-linked insurance plans as demand for them goes up in S'pore
FIDReC chief executive's view on the nature of complaints; the report's figure of 57 cases for the first half of 2025 differs from MAS's 60, and this site follows MAS
Asia Insurance Review
Singapore: LIA and MAS caution against use of 'capital guaranteed' label for ILPs
Typical wording of common criticisms (opinion, not used as charge data)
Items to be verified (described only in general terms in the text): the latest LIA circular on the caps for ILP illustration rates (8% / 4%; the current template uses placeholders); the primary text of MOF's limits on the coverage multiple and types of insurance that can be bought with SRS (the text gives no specific multiple); the final details of MAS's ILP-specific PHS template; the number of sub-funds at each insurer (refer to each insurer's website); and "101 ILP", which has no official definition and is treated on this site as market shorthand.
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