1. Funds
Funds are pooled investment vehicles that collect money from multiple investors to invest in a diversified portfolio of assets, such as stocks, bonds, or other securities. They are typically managed by professional fund managers.
2. Fund manager
A fund manager is a professional responsible for making investment decisions , aiming to achieve the best possible returns.
3. Risk profile
Risk profile refers to your willingness and ability to take on risk in your investment portfolio. It helps determine the appropriate asset allocation and investment strategy for you.
4. Asset allocation
Asset allocation is the process of distributing money across different asset categories, such as stocks, bonds, and cash, based on your financial goals and risk tolerance. This strategy aims to maximise portfolio returns while minimising risk, in line with your risk profile.
5. Fund switching
Fund switching refers to the process of moving your investments from one fund to another within the same investment-linked plan, allowing you to adjust your investment strategy based on market conditions or personal preferences.
6. Dividends
Dividends are payments made by a company to its shareholders, typically from its profits.
7. Minimum investment period
The Minimum Investment Period (MIP) refers to the duration, during which you must stay invested before you can withdraw funds or sell the investment without incurring penalties, as specified by your selected policy.
8. Single premium
A single premium is a one-time lump sum payment made to purchase an insurance policy or investment, instead of making regular ongoing payments.
9. Regular premium
Regular premium refers to periodic payments made over time to maintain your insurance policy or investment, typically on a monthly, quarterly, bi-annual or annual basis.
10. Premium holiday
A premium holiday is a temporary pause in your premium payments, during which your investment-linked policy remains in force without requiring you to make payments.
11. Cash value
Cash value is the portion of your life insurance policy, such as whole life, universal life, or investment-linked policies, that accumulates over time. This amount can be accessed , providing you with financial flexibility. The available cash value typically depends on the premiums paid, the performance of the investments within the policy, and the duration for which the policy has been active.
12. Surrender value
Surrender value is the amount you may receive if you decide to terminate your policy before its maturity. It includes the cash value minus any applicable surrender charges.
13. Participating policy
A participating policy is a type of life insurance policy that allows policyholders to share in the profits or surplus of the insurance company’s participating fund. These profits are typically distributed as dividends or bonuses, which can increase the policy's cash value or death benefit over time. The amount of profit shared with policyholders depends on the performance of the insurer's investments and overall financial health. To align shareholders' profit objectives with policyholders' interests, profit distribution to shareholders is capped at 1/9th of the non-guaranteed bonuses allocated to policyholders. This prevents excessive profit distribution to shareholders.
14. Non-participating policy
A non-participating policy is a type of life insurance policy that does not provide policyholders with a share of the insurer's participating fund’s profits or surplus. The benefits of a non-participating policy are fixed and guaranteed, meaning the premiums, death benefit, and any other policy features remain constant throughout the policy's term. Policyholders do not receive dividends or bonuses from the insurer's profits.
15. Beneficiary
A beneficiary is the person or people you designate to receive the benefits from your insurance policy, such as the death benefit, in the event of your passing. | 
