The life insurance arm of HSBC has enhanced its IUL offering in Singapore following its initial launch last year.

HSBC Life has added three new indices as part of its upgraded indexed universal life (IUL) offering in Singapore, with the deployment of multi-asset risk control indices. Launched in May, the S&P U.S. Tactical Multi-Asset 4.5% TCA 0.65% Decrement Index (USD) ER tracks the S&P 500 as the equitiy component and the 10-Year US Treasuries as the fixed income component to their target weights of 40% and 60%, respectively, with a monthly rebalancing. The index has a 4.5% volatility target and