ilas.hk — Investment-linked assurance schemes in Hong Kong

ilas.hk is an independently run information site about one subject: investment-linked assurance schemes (ILAS) in Hong Kong. It covers policy structure and notional-unit accounting, investment options and fund choice, policy-level and fund-level fees, the sales and disclosure rules under Insurance Authority guidelines GL15, GL26, GL29 and GL30 and the SFC Code on Investment-Linked Assurance Schemes, the death-benefit differences between protection-type and 101/105 plans, comparisons with direct fund investing and universal life, compliance points for Mainland Chinese residents, plus an FAQ, a glossary and a sources list.

It does not cover product parameters or quotations, illustrated-return comparisons, fund picks, tax or legal advice, or any application or referral service. The site is not an insurer, a licensed insurance intermediary or a bank, accepts no applications and carries on no sales activity in Mainland China.

Sources are the public documents of the Insurance Authority, the SFC, the HKMA, the IFEC, the Legislative Council and government press releases, and the Insurance Complaints Bureau; media reports are flagged as such. Every figure carries a currency, a date and a source; where a figure cannot be verified the page describes the mechanism instead and points to the latest official document. Content was last updated on 4 November 2026.

Operator

ILAS Observer Editorial — ILAS Observer Editorial is an independent editorial desk covering investment-linked assurance schemes in Hong Kong. It works only from public documents of the Insurance Authority, the SFC, the HKMA and the IFEC, explains structure, fees, sales rules and risks in checkable pages with sources and dates, and sells nothing.

This site is run by ILAS Observer Editorial, an independent insurance information site providing general education and comparison. It is not an insurer, licensed insurance intermediary or bank, sells no insurance product and accepts no application. Content has not been reviewed, approved or endorsed by the Insurance Authority (IA). For applications, quotations and policy servicing, consult a Hong Kong insurer or licensed insurance intermediary.

Regulators and industry bodies cited on this site

Our material relies on regulations, guidelines and statistics published by the bodies below, cited page by page with dates. This site has no affiliation with, authorisation from, or endorsement by any of them.

Editorial principles

  1. We compile only public material from insurers, banks, regulators and official statistics, citing source and date per item; where the source is silent, we do not infer.
  2. We separate guaranteed from non-guaranteed, fact from opinion, regulation from practice; illustrations, back-tests and past performance do not indicate future results.
  3. We do not recommend products or promise returns, approvals or tax outcomes; personalised advice is the responsibility of licensed or exempt institutions and their appointed representatives.
  4. Cross-border content states the applicable jurisdiction; readers should obtain advice in their own jurisdiction.
  5. If you spot an error or outdated figure, tell us via the contact page; corrections are dated.

Editorial policy

Every article follows one process: define a single question, consult public documents from regulators, insurers and official statistics and record each source with its date, then have a second editor cross-check figures, terminology and the version of the rules cited. Pages are dated when updated. Guaranteed and non-guaranteed items, and facts and opinions, are labelled separately; nothing is inferred where sources are silent.