How to use this page: source grades and dates

This page is the master list of sources for every figure and regulatory statement on xiaopoxian.si. Each entry gives the organisation, the title of the document or page, the date, the link, its main use on this site and its source grade. Most recent full check: 2026-10-24. Rules may change, and the organisation's latest documents prevail.

Dates are written in two ways. Where a document has a publication, revision or effective date, that date is given. Where a web page carries no date, "2026-10" is given, meaning the version this site accessed in October 2026. Where a web page shows a "last updated" date, that date is given.

Grade Meaning How it is cited on this site
Primary Original text from regulators, government departments, industry associations or statutes Quoted directly, with organisation and date
Mirror A third-party hosted copy of a primary document Marked "the latest version on the organisation's website prevails"
Example A single insurer's public document, used to illustrate common practice or market size Marked "an example from a single company only; rules differ between companies"
Secondary A summary of a primary document by a law firm or the media Marked "according to X", used only to indicate direction

Guidelines from the industry association (LIA) are self-regulatory industry standards, so this site describes them as "stated in LIA guidelines" rather than as legal requirements.

Singapore: regulation, consumer protection and dispute resolution

Organisation Title Date Link Use Grade
MAS Insurance — Types of Entities and Licences 2026-10 mas.gov.sg Insurance regulated under the Insurance Act 1966; types of entities such as licensed insurers Primary
MAS MAS Directories (Financial Institutions Directory, Register of Representatives) 2026-10 mas.gov.sg Checking institutions' licences and individual representatives' registration Primary
MAS Notice 318 Market Conduct Standards for Direct Life Insurer as a Product Provider 2018-06-29 mas.gov.sg Sales disclosure and warnings on policy replacement Primary
MAS MAS Notice 626 Prevention of Money Laundering and Countering the Financing of Terrorism – Banks 2024-03-28 mas.gov.sg Customer due diligence at account opening, non-face-to-face onboarding, source of funds and source of wealth for PEPs Primary
MAS MAS and financial industry launch Basic Financial Planning Guide 2023-10 mas.gov.sg References: emergency fund of 3–6 months, 15% of income on protection, death cover of 9 times and critical illness cover of 4 times annual income Primary
MoneySense (MAS) Insurance basics 2026-05-11 moneysense.gov.sg Free-look period of at least 14 days and exceptions Primary
MoneySense (MAS) Investment-linked policies: Guide to fees and pricing 2026-09-28 moneysense.gov.sg Types of ILP charges; bid-offer spread of about 5% Primary
MoneySense (MAS) Understanding specified investment products 2026-07-02 moneysense.gov.sg Customer Knowledge Assessment (CKA) rules Primary
MAS MAS Concludes Consultation on Enhancements to PHS and Streamlined Framework for Complex Products 2026-05-15 mas.gov.sg ILPs to be classed as Complex Products and require a Product Highlights Sheet; legislative amendments to be consulted on separately Primary
MoneySense (MAS) Understanding universal life insurance policies 2026-09-28 moneysense.gov.sg Structure and risks of universal life; consumer warnings on borrowing to pay premiums Primary
MoneySense (MAS) Buying Direct Purchase Insurance 2026-09-28 moneysense.gov.sg Direct Purchase Insurance (DPI) Primary
LIA Illustrated Investment Rate of Return for Par Policies 2021-07-01 lia.org.sg For Singapore dollar participating policies, the upper illustrated rate may not exceed 4.25% and the lower 3.00%, with the lower at least 1.25 percentage points below (from 2021-07-01) Primary
LIA Life insurance industry revising caps on Par PI 2021-06-02 lia.org.sg Announcement revising the caps above (previously 4.75% / 3.25%) Primary
LIA MU 22/24 Appendix IV(b): Main PI format – Investment-linked policy 2026-07-28 lia.org.sg Effect of deductions, the 0% scenario and Total Distribution Cost in the Policy Illustration Primary
LIA LIA Critical Illness Framework 2024 — Part 1 of 4 2025-05-13 lia.org.sg 37 critical illness definitions; products using the 2019 definitions withdrawn from sale from 2025-10-01 Primary
LIA When Things Go Wrong 2026-10 lia.org.sg Complaints acknowledged within 2 working days, final reply within 30 working days; FIDReC within 6 months Primary (industry guideline)
LIA Checking for unclaimed proceeds 2026-10 lia.org.sg The register of unclaimed life insurance proceeds has been permanently removed for data confidentiality; contact each insurer directly Primary
LIA FAQ: Policy Owners' Protection 2026-10 lia.org.sg Explanation of PPF coverage Primary
SDIC PPF Entitlement 2026-10 sdic.org.sg PPF limits of S$500,000 of guaranteed sum assured and S$100,000 of guaranteed surrender value Primary
FIDReC FIDReC website 2026-10 fidrec.com.sg Free filing; adjudication limit of S$150,000 per claim Primary
FIDReC Public Consultation Reflects Strong Support for Revisions to FIDReC's Terms of Reference 2024-06-24 fidrec.com.sg Adjudication limit raised from S$100,000 to S$150,000 for disputes filed from 2024-07-01 Primary
MAS / SSO Financial Advisers (Complaints Handling and Resolution) Regulations 2021 2022-01-03 sso.agc.gov.sg Final reply within 20 working days for financial adviser firms Primary

Singapore: national schemes, CPF and claims

Organisation Title Date Link Use Grade
MOH MediShield Life 2026-10 moh.gov.sg Covers citizens and PRs Primary
MOH Government accepts MediShield Life Council's recommendations 2024-10-15 moh.gov.sg Claim limit per policy year raised to S$200,000 Primary
MOH Comparison of Integrated Shield Plans / New IP Riders 2026-10 moh.gov.sg 7 IP insurers; rules for new IP riders Primary
MOH New Requirements for Integrated Shield Plan Riders 2025-11-26 moh.gov.sg Riders sold from 2026-04-01 may not cover the minimum deductible Primary
MOH Increasing MediSave Additional Withdrawal Limits for private insurance premiums 2022-07-04 moh.gov.sg Additional Withdrawal Limits for paying IP premiums from MediSave Primary
MOH Government accepts CareShield Life Council's recommendations to enhance CareShield Life 2025-08-27 moh.gov.sg Payouts rise by 4% a year from 2026 to 2030, then reviewed by the Council Primary
CPF Board CareShield Life 2026-09-21 cpf.gov.sg Citizens and PRs born in 1980 or later covered automatically; S$689 a month for claims starting in 2026; payouts rise each year until 67 or a successful claim Primary
CPF Board MediShield Life 2026-09-17 cpf.gov.sg MediShield Life premiums and coverage Primary
CPF Board CPF Board extends Great Eastern Life's contract as DPS administrator to 2028 2025-05-26 cpf.gov.sg DPS sum assured and administrator contract Primary
CPF Board DPS premium (premium table) 2026-07-23 cpf.gov.sg Annual DPS premiums of S$18 to S$298 Primary
CPF Board What is the purpose of the Dependants' Protection Scheme? / Who will be covered under DPS? 2026-10 cpf.gov.sg Automatic cover from the first CPF work contribution between ages 21 and 65 Primary
CPF Board Who should receive CPF contributions 2026-06-22 cpf.gov.sg CPF applies only to citizens and PRs earning more than S$50 a month Primary
CPF Board Must I contribute CPF at a higher rate for my SPR employee? 2026-10 cpf.gov.sg Graduated rates for new PRs in the first two years Primary
CPF Board I have already made a will, do I still need to make a CPF nomination 2024-06-18 cpf.gov.sg CPF savings are not part of the estate and need a separate nomination Primary
CPF Board Protect your home – insurance for your HDB flat 2024-03-01 cpf.gov.sg HPS required when using CPF for HDB flat instalments Primary
CPF Board Self-employed MediSave contribution (self-employed persons) 2026-10 cpf.gov.sg MediSave required where net trade income exceeds S$6,000 Primary
LIA Guide on Submission of Death Claims to Life Insurer for Assessment 2025-11 lia.org.sg Basic death claim documents and requirements for deaths overseas Primary
LIA Making a Claim 2026-10 lia.org.sg Typical claim timelines such as 7, 14 and 21 days Primary (industry guideline)
LIA and MoneySENSE Your Guide to Life Insurance 2020-05 lia.org.sg Grace period usually 30 days, reinstatement usually within 2 years (May 2020 guide); policy loan and automatic premium loan mechanisms Primary
LIA Singapore's life insurance sector achieves 11.3% growth for 2025 2026-02-11 lia.org.sg Weighted new business premiums of S$6.529 billion in 2025; about 71% of residents hold an IP Primary

Singapore: tax, residence and banking

Organisation Title Date Link Use Grade
IRAS Estate Duty 2026-10 iras.gov.sg Estate duty no longer levied from 2008-02-15 Primary
IRAS What is taxable, what is not: Gains from sale of property, shares and financial instruments 2026-10 iras.gov.sg Insurance payouts generally capital in nature Primary
IRAS What is taxable, what is not: Annuity 2026-10 iras.gov.sg Annuities received in Singapore generally not taxed Primary
IRAS Income received from overseas 2026-03-02 iras.gov.sg Foreign-sourced income received by individuals generally not taxed, and the exceptions Primary
IRAS Life Insurance Relief 2026-08-10 iras.gov.sg Available only if CPF contributions in the previous year were below S$5,000 Primary
IRAS SRS contributions and tax relief 2026-08-14 iras.gov.sg SRS contribution caps of S$15,300 / S$35,700; overall relief cap of S$80,000 Primary
IRAS Tax on SRS withdrawals 2026-09-03 iras.gov.sg 50% of withdrawals taxable after the statutory retirement age; 5% penalty on early withdrawals Primary
IRAS Working out my tax residency 2026-05-12 iras.gov.sg The 183-day rule and two administrative concessions Primary
IRAS Individual Income Tax rates 2026-04-27 iras.gov.sg Top marginal rate of 24%; non-resident employment income at 15% or progressive rates, whichever is higher Primary
IRAS CRS Overview and Latest Developments 2026-09-09 iras.gov.sg Specified insurance companies report cash values; amended CRS effective 2027-01-01 Primary
IRAS Basic information for account holders of Financial Institutions (CRS) 2021-10-19 iras.gov.sg Penalties for false self-certification: up to S$10,000 or 2 years' imprisonment Primary
IRAS / SSO Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016 2016 sso.agc.gov.sg Definition of "specified insurance company" Primary
IRAS e-Tax Guide: Deductibility of "Keyman" Insurance Premiums (Third Edition) 2026-01-30 iras.gov.sg Five conditions for deducting keyman insurance premiums; taxation of payouts Primary
IRAS Compulsory MediSave contributions 2026-10 iras.gov.sg Definition of net trade income for self-employed persons Primary
MOM Employment Pass eligibility 2026-04-28 mom.gov.sg EP minimum monthly salary and 2027 changes; COMPASS 40 points Primary
MOM Overseas Networks & Expertise Pass eligibility 2026-09-14 mom.gov.sg ONE Pass monthly salary of at least S$30,000; renewals of 5 years Primary
MOM S Pass medical insurance requirements 2026-09-18 mom.gov.sg Employers must buy medical insurance for S Pass holders Primary
MOM Insurance requirements for foreign domestic workers 2026-09-18 mom.gov.sg Helper medical insurance annual limit and personal accident sum assured of at least S$60,000 Primary
EDB Changes to Global Investor Programme will generate more spin-offs 2023-03-02 edb.gov.sg Three GIP options (from 2023-03-15) Primary
MAS FDD Cir 05/2026 Tax Incentive Schemes for Funds 2026-07-31 mas.gov.sg 13O / 13U thresholds for single family offices, private banking account and capital deployment requirements Primary
MAS Written reply on SFOs 2026-08-05 mas.gov.sg More than 2,000 single family offices enjoy 13O / 13U incentives Primary
MAS MAS Enhances Regulatory Safeguards for Investors 2015-09-22 mas.gov.sg Individual criteria for Accredited Investors and the opt-in mechanism Primary
MoneySense (MAS) Understanding deposit insurance 2026-09-28 moneysense.gov.sg Singapore dollar deposits insured up to S$100,000 per depositor per institution Primary

Singapore: succession, nominations and trusts

Organisation Title Date Link Use Grade
LIA Your Guide to Nomination of Insurance Nominees (YGTNIN v1.0) 2026-03 lia.org.sg Trust and revocable nominations; effect of assignment on nominations; S$150,000 under section 150 Primary
SSO Insurance (Nomination of Beneficiaries) Regulations 2009 2009 sso.agc.gov.sg Statutory procedure for nominations Primary
MoneySense (MAS) Intestacy: What if you don't have an estate plan? 2026-09-28 moneysense.gov.sg Distribution shares under intestacy Primary
MSF / Office of the Public Guardian Where to find a Certificate Issuer 2026-10 msf.gov.sg Three types of LPA certificate issuer: doctors accredited by the Public Guardian, practising lawyers, registered psychiatrists Primary
MAS Licensed trust companies 2023-09-29 mas.gov.sg Trust companies licensed under the Trust Companies Act 2005 Primary
SSO Wills Act 1838 2026-10 sso.agc.gov.sg Section 4: aged 21 or above; section 6: in writing, signed, with two witnesses present at the same time; section 10: gifts to a witness or the witness's spouse are void Primary

Hong Kong and mainland China

Organisation Title Date Link Use Grade
Insurance Authority (IA), Hong Kong GL29 Guideline on Cooling-off Period 2019-09-23 (effective date) ia.org.hk Cooling-off period of 21 calendar days for Hong Kong life policies Primary
Insurance Authority (IA), Hong Kong Practice Note on Illustration Rate Caps in Benefit Illustration for Participating Policies (copy circulated by HKMA) 2025-02-28 hkma.gov.hk Caps the customer's internal rate of return in the point-of-sale benefit illustration: 6.0% for HKD, 6.5% for non-HKD, from 2025-07-01; measured differently from LIA's illustrated investment rate of return in Singapore Primary (the IA website returns 403 to automated access, so checked against the HKMA copy)
Hong Kong Monetary Authority (HKMA) Illustration Rate Caps in Benefit Illustration for Participating Policies (circulating the IA circular) 2025-02-28 hkma.gov.hk As above, covering letter Primary
Insurance Authority (IA), Hong Kong 2025 年香港保险业临时统计数字 (Provisional statistics on Hong Kong insurance business for 2025) 2026-04-24 ia.org.hk Gross premiums of HK$827 billion in 2025 Primary
Insurance Authority (IA), Hong Kong 2024 年香港保险业临时统计数字 (Provisional statistics on Hong Kong insurance business for 2024) 2025-04-25 ia.org.hk New office premiums from mainland visitors of HK$62.8 billion in 2024 Primary
Hong Kong Monetary Authority (HKMA) Important Facts Statement – Premium Financing 2022-04-01 hkma.gov.hk Four core risks of premium financing Primary
Hong Kong Monetary Authority (HKMA) Linked Exchange Rate System 2026-10 hkma.gov.hk Hong Kong dollar convertibility zone of 7.75–7.85 Primary
Information Services Department, HKSAR Government 财经事务及库务局发表保单持有人保障计划咨询总结 (FSTB publishes consultation conclusions on the Policy Holders' Protection Scheme) 2023-12-28 info.gov.hk Most recent official document on Hong Kong's PPS; as at 2026-10, no public record of a bill having been introduced into the Legislative Council Primary
Investor and Financial Education Council (IFEC), Hong Kong Insurance complaints 2026-10 ifec.org.hk Insurance Complaints Bureau and complaint channels Primary
State Administration of Foreign Exchange, Xiamen Branch 个人外汇业务服务小贴士 (Tips on personal foreign exchange services) 2021-10 safe.gov.cn Personal currency purchases may not be used to buy life insurance; dividends or interest from overseas life and investment-type, return-of-premium or participating insurance cannot be remitted into domestic accounts; accident and health insurance are current account items Primary (branch information material)
State Administration of Foreign Exchange (SAFE) 关于印发《个人外汇管理办法实施细则》的通知(汇发〔2007〕1 号)(Notice issuing the Implementing Rules of the Measures for the Administration of Individual Foreign Exchange, Huifa [2007] No. 1) 2007-01-05 safe.gov.cn Article 2: annual total for personal currency conversions and purchases of the equivalent of US$50,000 per person (now called the annual facilitation quota); Article 10: documents for converting foreign currency insurance receipts Primary (full text reproduced on a branch website)
State Taxation Administration law database 中华人民共和国个人所得税法(2018 年修正)(Individual Income Tax Law of the PRC, 2018 amendment) 2018-08-31 chinatax.gov.cn Definition of resident individual (Article 1); overseas income reported between 1 March and 30 June of the following year (Article 13) Primary

Company public documents and secondary sources

Organisation Title Date Link Use Grade
Manulife Singapore Manulife Singapore issues a single US$300 million life insurance policy 2026-02-24 manulife.com.sg Reference for the scale of jumbo life insurance (sum assured, not premium); the website restricts automated access, so it can be cross-checked against reports with the same headline in trade media such as Asia Insurance Review on 2026-02-24 Example
Etiqa Insurance Singapore Foreign Life and Residence / Travel Questionnaire 2025-03 etiqa.com.sg Common fields in questionnaires for foreign applicants Example
DLA Piper Hong Kong Insurance Authority issues guidance 2025-09 dlapiper.com Regulatory benchmark for referral fees on Hong Kong participating policies at 50% of total commission (IA circular of 2025-09-01, to be complied with from 2025-10-01) Secondary
DLA Piper Hong Kong Insurance Authority Issues Practice Note on Remuneration Structures and Commission Spreading for Participating Policies 2025-08-11 dlapiper.com IA practice note of 2025-07-30: first-year commission on regular-premium participating policies capped at 70% of total commission, from 2026-01-01 Secondary
South China Morning Post Report on the Hong Kong Insurance Authority's limits on referral fees 2025-09 scmp.com As above, for cross-checking Secondary
China News Service (chinanews.com.cn) 税务部门提醒境外所得申报与自查(报道)(Tax authorities remind taxpayers to report and self-check overseas income, news report) 2026-01-19 chinanews.com.cn Reminder to self-check overseas income for 2022–2024 Secondary
Rajah & Tann Asia MAS to Propose Legislative Changes to Effect Enhancements to Product Highlights Sheets and Complex Products Framework 2026-05-18 rajahtannasia.com CKA and CAR to be merged, "Specified Investment Products" renamed "Complex Products", CKA removed for transactions with adviser recommendations; transitional period awaiting a separate MAS consultation Secondary

Items awaiting verification and how they are checked

This site has not yet obtained verifiable original texts for the following items, so they are described only qualitatively in the text and do not appear as specific figures:

  1. Standard disclosure for premium financing in Singapore: Singapore has no mandatory standard disclosure document similar to Hong Kong's IFS-PF, while MoneySense provides consumer warnings on universal life policies paid for with borrowed money. The text says "approved independently by the lender under its credit policy; the loan agreement governs", with the HKMA's Important Facts Statement in Hong Kong as a reference.
  2. Other asset-based criteria for Accredited Investors (such as the cap on counting the primary residence and the net financial assets test): section 4A of the Securities and Futures Act in its current form prevails.
  3. Fees charged by LPA certificate issuers: set by each certificate issuer, with the latest information from MSF / the Office of the Public Guardian prevailing; the formal requirements for wills now cite the original text of the Wills Act 1838 on SSO.
  4. Tax treatment of employee benefit premiums: current IRAS rules and the company tax adviser's advice prevail.
  5. The Hong Kong Insurance Complaints Bureau's (ICB) jurisdictional limit and the legislative progress of Hong Kong's PPS: for the former, the ICB website prevails; for the latter, as at 2026-10 there is no public record of a bill having been introduced into the Legislative Council, and announcements by the Legislative Council and the IA prevail.
  6. Individual income tax treatment of overseas policies held by mainland residents: there is no specific statement from the State Taxation Administration, so consult a mainland tax professional.
  7. When CareShield Life cover starts for new PRs, and the percentages of the CPF graduated rates: the CPF Board's current pages and rate tables prevail.

How sources are checked: each time a page is updated, the links in the tables above are opened to check figures and dates. When an organisation updates its page, the latest version replaces the old one and the "most recent check" date on this page is revised. Where this site differs from an organisation's original text, the original text prevails.

Sources and dates

  1. Insurance basics — MoneySense (MAS) · 2026-05-11
  2. When Things Go Wrong — LIA Singapore · 2026-10
  3. CRS Overview and Latest Developments — IRAS · 2026-09-09
  4. 个人外汇业务服务小贴士 (Tips on personal foreign exchange services) — 国家外汇管理局厦门市分局 (State Administration of Foreign Exchange, Xiamen Branch) · 2021-10