Generali has unveiled the Agency Builder Club, a new initiative designed to recognise and incentivise managers who actively recruit and develop new agents.
Kotak Mahindra Life has launched Kotak Signature Term Plan, a protection-focused term insurance product aimed at emerging affluent salaried professionals and entrepreneurs in India.
AXA Philippines has launched Emma DigiZone at the AXA Service Center Makati branch - new self-service kiosks designed to make insurance services more accessible and empower customers to manage their policies with greater ease and convenience through the Emma by AXA PH mobile application.
The number of Singaporeans who indicated that they have of life insurance and investment products has decreased by 19% and 18%, respectively, compared to that a year ago.
Prudential Indonesia has launched PRUSmart Plan, its latest protection innovation which provides certainty of benefits with a minimum monthly premium of IDR2 million in the form of annual cash benefits of up to 25% of the annual premium along with its increase, and the end of accountability benefits at the end of accountability date in the 20th policy year to 920% of the annual premium in accordance with the chosen premium payment period.
Bharti AXA Life Insurance has launched the Bharti AXA Life Guaranteed Bachat Plan, a new savings and protection product designed for middle-income Indians.
AIA Hong Kong has introduced its GlobalFlexi Savings Insurance Plan, aimed at customers looking for long-term wealth growth and financial flexibility.
HSBC Life has launched HSBC Aspire Prime Indexed Universal Life to cater to professional investors seeking flexible investment options, with downside protection features to support legacy planning.
Sun Life Hong Kong has upgraded its flagship savings insurance products - SunJoy Global Insurance Plan II, SunGift Global Insurance Plan II, and Stellar Multi-Currency Insurance Plan II - with enhanced legacy planning and policy flexibility features.
These are the updates on insurance regulatory developments in China.