Index-Linked Insurance for Public Sale by Year-End? FSC Says It's Still Undecided
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The Financial Supervisory Commission (FSC) is considering approving index-linked insurance products like Indexed Universal Life (IUL) and Fixed Indexed Annuities (FIA), with the industry hoping for a launch by the end of the year. The FSC stated that while it has received proposals from the Life Insurance Association covering five key areas such as product design and sales qualifications, it is still under review. Related regulations and supporting measures are yet to be finalized, so there is no definite timeline. These policies feature principal protection, with returns linked to market indices, and their risk level falls between traditional interest-sensitive policies and investment-linked policies.