Etiqa Insurance Singapore has clarified its position on investment-linked policies (ILPs), following the publication of an article in the Singapore newspaper, The Business Times, on 1 June 2026.
The insurer, referring to the term ‘capital guaranteed’ in relation to ILPs, as mentioned in The Business Times article, said, “Etiqa does not position or market our investment-linked policies as capital guaranteed products, nor approve of or endorse any comparisons between ILPs and CPF LIFE. CPF LIFE is a national annuity scheme that provides lifelong payouts and is fundamentally different in nature, objective and risk profile from market-linked insurance products,” said the insurer.
“ILPs are inherently market-linked instruments designed to provide both insurance protection and investment exposure, and their values may fluctuate depending on underlying fund performance. Any comparison between the two may lead to misunderstanding and does not reflect the intended purpose of either offering.”
The insurer also noted that their official sales and marketing materials do not contain such comparisons.
“We have also reminded our financial representatives not to use unauthorised sales and marketing materials and to ensure that all product explanations accurately reflect the nature, risks and features of the plans being recommended,” Etiqa Insurance Singapore added.
“We are fully aligned with the Monetary Authority of Singapore (MAS) and the Life Insurance Association (LIA) on the importance of clear, accurate and responsible communication to customers.”
The insurer also reiterated its support for ongoing industry efforts to strengthen transparency and ensure that customers have a proper understanding of product features, risks and limitations before making any financial decisions, in its statement.