Hong Kong Insurance Authority mandates labeling of savings products

This is to avoid confusion with bank deposits.

Hong Kong’s Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA) will require insurers to clearly label savings-type insurance products to avoid confusion with bank deposits.

From 1 January 2026, new products must include the word “insurance” in English and “保險” in Chinese in their names. 

The rule will extend to existing products still on sale from 1 January 2027. Products withdrawn before then are exempt.

The requirement applies to basic plans with savings features but excludes Investment-Linked Assurance Schemes (ILAS) and Qualifying Deferred Annuity Policies (QDAP). Insurers must also update product documents and marketing materials to comply.