Cut in policyholder's bonus

Read the letter.

My comment.
This criticism is not confined to one insurer. Many insurers have cut their bonus during a difficult time but are rather slow in restoring their bonus when the market recovered. This is unfair to policyholders, especially those whose policies have matured while the bonus are still not restored.

I agree with the call to MAS to investigate if the insurers have been fair in their treatment of the policyholders.

To avoid this type of unfair treatment, the public should invest in a low cost investment fund, which is transparent and give a better yield, over the long term. This is explained in my book, Practical Guide on Financial Planning.