# ilp.com.sg — 投资连结保险 ILP 百科

> 新加坡投资连结保险（ILP）中文百科：保费如何变成子基金单位、费用从哪里扣、101 ILP 与保障型 ILP 的差别、保单内定投与再平衡、基金平台与保险公司基金池、与 VUL / IUL / 分红保单的区别、适合谁与常见争议。数字均注明来源与日期。

- 运营方: 小坡险助手 / Xiaopoxian Advisory Desk
- 内容发起人: Stella 武晓旭 (Stella Wu Xiaoxu), Associate Director, Everest Group — a group of financial consultants representing Great Eastern Financial Advisers Private Limited
- 联系: WhatsApp +6580670032 · Email wuxiaoxu1020@gmail.com · WeChat sgwealth888
- 资料更新: 2026-10-23

## 先弄懂结构
- [什么是 ILP（投资连结保险）：结构、运作、费用与风险](/overview/): 投资连结保险（ILP）是同时含有人寿保障与投资成分的长期保单：保费扣除费用后买入子基金单位，保险成本靠卖出单位支付，保单价值随单位价格涨跌，通常没有保证现金价值。本文讲清资金流、三层费用、101 ILP 与保障型 ILP、主要风险、新加坡监管框架、与相邻产品的区别及适合谁。
- [ILP 的结构与运作：保费如何变成子基金单位，单位如何被卖掉付费](/structure/): ILP 的核心机制是“单位”：保费扣除保费费用后按资产净值买入子基金单位，保险成本与保单费再按期卖出单位支付，剩余单位的市值就是账户价值。本文解释子基金、单一定价与远期定价、前端与后端收费、保费类型与资金进出、保单报表，以及单位不足以付费时保单如何失效。
- [ILP 的费用：保费费用、保险成本、基金管理费、退保费用与红利单位](/charges/): ILP 的费用分三层：保单层（保费费用、保单费、退保与提取费、转换费）、保障层（随年龄上升的保险成本）与基金层（基金管理费与费用比率）。本文逐项解释计费基数与收取方式，说明 2021-10-08 起新保单为何改用单一“保费费用”，红利单位的真实含义，费用可否调整，以及去哪份文件核对。
- [101 ILP 与保障型 ILP：两类 ILP 的差别、身故利益公式与利益演示规则](/ilp-types/): “101 ILP”是市场俗称，指身故利益常见为已缴保费的 101% 与账户价值两者取高的投资型 ILP；保障型 ILP 则另设较高保额。本文对照两类产品的身故利益公式与费用重心，解释 LIA 为何只对保障高于趸交保费 150% 的趸交 ILP 允许利益演示、三栏演示怎么读，以及报表频率的差别。

## 投资方法与渠道
- [ILP 里的基金定投与再平衡：定期保费、平均成本、基金转换与再平衡](/regular-investing/): 定期保费 ILP 本质上是在保单结构内做基金定投：每期保费扣除费用后按当时单位价格买入，长期摊平买入成本，但不保证盈利。本文说明平均成本法的作用与边界、ILP 定投与券商或银行 RSP 的差别、如何用基金转换与再平衡维持目标配置，以及保费假期、追加与提取对定投节奏的影响。
- [基金平台与保险公司基金池：iFAST 等平台、保险公司子基金与“谁管钱”](/platforms/): 买 ILP 时接触的基金有两种来源：保险公司自己的子基金池，以及通过独立基金平台（如 iFAST）持有的单位信托或包管账户。本文解释两条路径的法律结构、合同对手方、费用层级、报表与保护机制差别，平台在顾问体系中的角色与公开规模，以及两者为何不是非此即彼。
- [用 CPF 或 SRS 买 ILP：资格、费用上限、风险分类与税务处理](/cpf-srs/): CPFIS 与 SRS 都允许购买符合条件的 ILP，但规则不同：CPFIS 要求 OA 超过 S$2 万或 SA 超过 S$4 万、2001 年起只接受趸交 ILP，并设费用比率上限；SRS 只接受趸交且限制保障倍数。本文核对资格、费用、机会成本与税务处理。
- [ILP vs VUL vs IUL vs 分红保单 vs 单位信托/RSP vs 定期寿+自投：同口径对比](/compare/): 同样是“保险里带投资”或“投资外加保险”，ILP、VUL、IUL、分红保单、直接买单位信托（含 RSP）与“定期寿险加自行投资”在投资决定权、风险承担、保证成分、费用层级、流动性、披露与保护机制上差异很大。本文用一张十二维对比表加逐项解释，帮读者先定位要哪一类。

## 判断适合与否
- [ILP 的监管框架：MAS Notice 307、CKA、复杂产品分类、冷静期、PPF 与 FIDReC](/regulation/): 新加坡 ILP 由 MAS 监管：产品层以 Notice 307 规定子基金估值、披露与报表，销售层以 CKA 与 FAA-N16 约束推荐，售后有冷静期、PPF 与 FIDReC。MAS 已于 2026 年 5 月决定把 ILP 列为复杂产品，立法待出，本文逐层说明各项规则。
- [围绕 ILP 的常见争议：费用、佣金、失效、投诉数据与监管回应](/criticisms/): ILP 的批评集中在前几年费用高、保险成本随年龄侵蚀单位、销售激励、复杂度与“以为是储蓄其实是投资”。本文逐条对照可核验事实：FIDReC 案件数与占比、佣金分摊规则、2026 年复杂产品改革，并区分哪些批评是结构性的、哪些可通过选结构避免。
- [ILP 适合谁、不适合谁：五个典型场景与三类不适合的情形](/scenarios/): ILP 不是对所有人都合适，也不是对所有人都不合适。本文用五个匿名、假设化的场景——刚工作的年轻人、有保障缺口的家庭、考虑用 CPF 投资的人、想要单一账户与再平衡的专业人士、临近退休的持有人——说明在什么目标、期限与费用承受力下 ILP 可能成立，并列出三类通常不适合的情形与替代路径。
- [买 ILP 前的 15 项核对清单](/checklist/): 买 ILP 前应在签字前拿到书面答案的 15 个问题：目的与期限、FNA 与 CKA、产品类型与签发口径、身故利益公式、保险成本、保费费用与退保费用、费用比率、红利单位条件、子基金风险类别、转换规则、0% 情景、保费假期、冷静期、PPF 与顾问身份核验，并注明每项去哪份文件找。

## 落地与管理
- [ILP 投保流程：从财务需求分析、CKA 到保单生效与年度检视](/process/): 在新加坡购买 ILP 通常经过七步：目标与期限确认、财务需求分析与客户知识评估（CKA）、选择产品类型与子基金、投保申请与核保、签署付款（现金 / CPF / SRS）、14 天冷静期、报表与年度检视。本文逐步说明所需文件、时间、谁来做与常见卡点，以及弱势客户与指定客户的额外安排。
- [已持有 ILP 怎么办：看报表、保费假期、部分提取、减保、退保与替换](/existing-policy/): 已持有一张 ILP 时的检视顺序：先读保单报表，算清已缴保费、账户价值、退保价值与每年卖掉多少单位付费；再比较继续缴、保费假期、减保额、部分提取、退保与替换的费用和保障后果，并说明替换保单的监管要求与投诉时限。适用于定期保费与趸交保单，具体以产品摘要为准。

## 参考与资料
- [ILP 常见问题（44 问）](/faq/): 新加坡投资连结保险（ILP）最常被问到的 44 个问题，按结构、费用、101 与保障型、定投与平台、CPF / SRS / 税务、监管争议与已持有保单六组整理，涵盖保费费用、保险成本、利益演示、CKA、冷静期、PPF 与 FIDReC；每条先给结论，再给依据、日期与来源。
- [ILP 术语表（60 个，中英对照）](/glossary/): 新加坡投资连结保险（ILP）相关术语的中英对照与简明定义，按基础概念、费用、文件与条款、监管与渠道四组排列，覆盖子基金、单位、单一定价、保费费用、费用比率、101 ILP、保障型 ILP、CKA、复杂产品、PPF、CPFIS、SRS 等 60 个术语。
- [资料来源总表](/sources/): ilp.com.sg 引用的官方文件与页面清单：MAS 通告、媒体稿、咨询与国会答复，MoneySense 教育页，LIA 消费者指南与行业数据，CPF Board、MOF、IRAS、SDIC、FIDReC，保险公司、银行与平台公开资料，香港监管资料；含机构、标题、日期、链接与用途，二手来源单列标注。

## EN edition
- [ILP charges: premium charge, insurance charges, fund management fees, surrender charges and bonus units](/en/charges/): ILP charges sit in three layers: policy (premium charge, policy fee, surrender and withdrawal charges, switching fee), cover (insurance charges that rise with age) and fund (management fee and expense ratio). This guide explains the basis and method of each charge, why new policies from 8 October 2021 use a single premium charge, what bonus units really are, whether charges can change, and which document to check.
- [The 15-point checklist before buying an ILP](/en/checklist/): 15 questions to answer in writing before signing for an ILP, from FNA and CKA to charges, death benefit, the 0% scenario, free-look and PPF, and where to find each answer.
- [ILP vs VUL vs IUL vs participating policies vs unit trusts/RSPs vs term plus investing: a like-for-like comparison](/en/compare/): Whether it is "investment inside insurance" or "insurance alongside investment", ILPs, VUL, IUL, participating policies, unit trusts bought directly (including RSPs) and term insurance plus separate investing differ widely in investment control, risk-bearing, guarantees, layers of charges, liquidity, disclosure and protection. A 12-dimension comparison table with item-by-item notes helps readers work out which type they need.
- [Buying an ILP with CPF or SRS: eligibility, fee caps, risk classification and tax treatment](/en/cpf-srs/): Both the CPFIS and SRS allow eligible ILPs, under different rules: the CPFIS requires more than S$20,000 in the OA or S$40,000 in the SA, has accepted only single-premium ILPs since 2001 and caps expense ratios; SRS accepts only single premiums and limits the cover multiple. This guide checks eligibility, fees, opportunity cost and tax.
- [Common criticisms of ILPs: charges, commission, lapse risk, complaints data and the regulatory response](/en/criticisms/): ILP criticisms checked against the facts: front-loaded charges, rising insurance charges, commission, complexity, FIDReC complaints data and the 2026 complex-product reforms.
- [Already holding an ILP: statements, premium holidays, partial withdrawals, reducing cover, surrender and replacement](/en/existing-policy/): Reviewing an ILP you hold: read the statement, then compare continuing, premium holidays, reducing cover, withdrawals, surrender and replacement, with complaint deadlines.
- [ILP FAQ: investment-linked policies in Singapore](/en/faq/): 18 questions on Singapore ILPs: structure, charges, 101 ILPs, illustrations, CPF and SRS, tax, complex-product rules, complaints and existing policies.
- [ILP glossary (60 terms, English and Chinese)](/en/glossary/): 60 Singapore ILP terms in English and Chinese with concise definitions: core concepts, charges, documents and terms, and regulation and channels.
- [101 ILPs and protection ILPs: how the two types differ, death benefit formulas and illustration rules](/en/ilp-types/): "101 ILP" is market shorthand for an investment-oriented ILP whose death benefit is typically the higher of 101% of premiums paid and the account value; a protection ILP sets a higher sum assured. This guide compares death benefit formulas and where the charges fall, explains why the LIA allows illustrations only for single-premium ILPs whose cover exceeds 150% of the single premium, how to read the three illustration columns, and how statement frequency differs.
- [What an ILP is: investment-linked policies in Singapore](/en/): How investment-linked policies (ILPs) work in Singapore: sub-fund units, three layers of charges, 101 vs protection ILPs, risks, MAS rules and suitability.
- [Fund platforms and insurer fund ranges: iFAST-type platforms, insurer sub-funds and "who manages the money"](/en/platforms/): The funds you meet when buying an ILP come from two sources: the insurer's own sub-fund range, and unit trusts or wrap accounts held through an independent fund platform such as iFAST. This guide explains how the two routes differ in legal structure, counterparty, layers of charges, statements and protection, the platform's role in the advisory system and its published scale, and why the two are not either-or.
- [Buying an ILP: from financial needs analysis and CKA to policy issue and annual review](/en/process/): Buying an ILP in Singapore in seven steps: needs analysis and CKA, product choice, underwriting, payment by cash, CPF or SRS, the 14-day free-look period and annual review.
- [Regular investing and rebalancing inside an ILP: regular premiums, dollar-cost averaging, fund switching and rebalancing](/en/regular-investing/): A regular-premium ILP is essentially regular investing in funds inside a policy: each premium, after charges, buys units at the prevailing price, averaging out purchase costs over time without guaranteeing a profit. This guide explains what dollar-cost averaging can and cannot do, how ILP regular investing differs from a broker or bank RSP, how to keep a target allocation through fund switching and rebalancing, and how premium holidays, top-ups and withdrawals affect the rhythm.
- [How ILPs are regulated: MAS Notice 307, the CKA, complex product classification, free-look period, PPF and FIDReC](/en/regulation/): ILPs in Singapore are regulated by MAS: at product level, Notice 307 governs sub-fund valuation, disclosure and statements; at point of sale, the CKA and FAA-N16 govern recommendations; after sale come the free-look period, PPF and FIDReC. In May 2026 MAS decided to classify ILPs as complex products, pending legislation. This guide explains each layer of rules.
- [Who an ILP suits and who it does not: five typical scenarios and three poor fits](/en/scenarios/): Five hypothetical scenarios showing when an ILP can work given goals, time horizon and charges, plus three situations where it is usually a poor fit and the alternatives.
- [Sources](/en/sources/): 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.
- [How an ILP works: how premiums become sub-fund units and how units are sold to pay charges](/en/structure/): An ILP runs on units: premiums, after any premium charge, buy sub-fund units at net asset value; insurance charges and policy fees are paid by selling units; the market value of the units left is the account value. This guide covers sub-funds, single and forward pricing, front-end and back-end loading, premium types and money flows, policy statements, and how a policy lapses when units run short.

## 关于与披露
- [关于本站](/about/)
- [联系我们](/contact/)
- [重要披露](/disclosures/)
- [知识网络](/network/): 小坡险知识网络 26 站导航

## 知识网络
- [iul.sg](https://iul.sg/): iul.sg｜新加坡指数型寿险专业比较平台
- [iul.com.sg](https://iul.com.sg/): IUL 学院｜指数型万能寿险原理与百问
- [vul.sg](https://vul.sg/): vul.sg｜新加坡可变万能寿险知识平台
- [vul.com.sg](https://vul.com.sg/): VUL Singapore｜可变万能寿险英文指南
- [vul.hk](https://vul.hk/): vul.hk｜港新可变万能寿险对比
- [term.com.sg](https://term.com.sg/): 新加坡定期寿险百科
- [term.hk](https://term.hk/): term.hk｜港新定期寿险对比
- [wholelife.com.sg](https://wholelife.com.sg/): 新加坡终身寿险百科
- [wholelife.hk](https://wholelife.hk/): wholelife.hk｜港新终身寿险对比
- [ppli.com.sg](https://ppli.com.sg/): PPLI 私募寿险知识平台
- [saving.sg](https://saving.sg/): saving.sg｜新加坡储蓄保险百科
- [saving.com.sg](https://saving.com.sg/): Savings Plans Singapore｜储蓄方案英文指南
- [savings.sg](https://savings.sg/): savings.sg｜新加坡储蓄与现金管理全景
- [xiaopoxian.sg](https://xiaopoxian.sg/): 小坡险助手｜新加坡保险与财富知识网络
- [xiaopoxian.com.sg](https://xiaopoxian.com.sg/): 小坡险百科｜新加坡保险入门与常见问题
- [vccfund.sg](https://vccfund.sg/): vccfund.sg｜新加坡 VCC 可变资本公司基金指南
- [vccfund.com.sg](https://vccfund.com.sg/): VCC Fund Singapore｜可变资本公司英文指南
- [hnw.sg](https://hnw.sg/): hnw.sg｜新加坡高净值财富规划总览
- [hnwi.sg](https://hnwi.sg/): hnwi.sg｜高净值人士新加坡落地手册
- [hnwsolution.sg](https://hnwsolution.sg/): hnwsolution.sg｜高净值一站式解决方案
- [hnwsolution.com.sg](https://hnwsolution.com.sg/): HNW Solutions Singapore｜高净值方案英文站
- [privatebank.hk](https://privatebank.hk/): privatebank.hk｜私人银行指南 · 香港 × 新加坡
- [bankaccount.sg](https://bankaccount.sg/): bankaccount.sg｜新加坡银行开户指南
- [bankaccount.com.sg](https://bankaccount.com.sg/): Singapore Bank Account Guide｜开户英文指南
- [bankaccount.hk](https://bankaccount.hk/): bankaccount.hk｜香港银行开户指南与港新对比

## 数据与边界
- 每页标注资料来源与日期；资料未列明的项目不作推断；保证与非保证分开标注；演示值与历史表现不代表未来结果。
- 本站由小坡险助手内容团队运营，提供一般教育、比较与资料整理，并协助登记咨询需求。本站不是保险公司、银行、持牌财务顾问机构或保险经纪；网站内容未经新加坡金融管理局（MAS）审阅、批准或认可。个性化建议、正式报价、开户与投保服务由实际持牌或获豁免机构及其获委任代表负责。