Raymond Fong said:
May I share my thoughts on this? I feel that our regulator needs to be more stringent and active in the regulating the insurance industry, particularly the low sum assured and payouts for products that have a savings component and the complete removal of the non-guaranteed portion in the illustrations table. Regulators should also look into how agents are pushing products that are high in commissions rather than helping their clients conduct proper financial planning.
May I share my thoughts on this? I feel that our regulator needs to be more stringent and active in the regulating the insurance industry, particularly the low sum assured and payouts for products that have a savings component and the complete removal of the non-guaranteed portion in the illustrations table. Regulators should also look into how agents are pushing products that are high in commissions rather than helping their clients conduct proper financial planning.
No comments:
Post a Comment