{"release_id":5,"data":{"id":12725,"release_id":5,"source_id":"sgkb.economy-finance.insurance-and-mas-supervision","kind":"article","fingerprint":"591e1a1cb456a5902528d555e3d76912b376cac9e8ae64307aba00ff4cd0f48b","title_en":"Insurance and MAS Supervision","title_zh":"\u4fdd\u9669\u4e0e MAS \u76d1\u7ba1","domain":"economy-finance","status":"verified","date":"2026-10-14","payload":{"data":{"path":"economy-finance\/insurance-and-mas-supervision.md","tags":["finance-sector","regulation","policy","concept"],"title":"Insurance and MAS Supervision","domain":"economy-finance","facets":["business","geography","institution","law","policy"],"status":"verified","topics":["sgtopic.economy","sgtopic.economy.banking-fintech","sgtopic.economy.insurance-regulation"],"aliases":["MAS insurance regulation","Singapore insurance supervision","PPF Scheme","Policy Owners Protection"],"related":[],"sources":[{"url":"https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133","title":"MAS \u2014 Notice 133 Valuation and Capital Framework for Insurers","accessed":"2026-10-14"},{"url":"https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance","title":"MAS \u2014 Financial Institutions Directory: Insurance sector","accessed":"2026-10-14"},{"url":"https:\/\/www.sdic.org.sg\/","title":"SDIC \u2014 Deposit Insurance and Policy Owners' Protection schemes","accessed":"2026-10-14"},{"url":"https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf","title":"MAS \u2014 Compliance Toolkit for Direct Insurers and Reinsurers","accessed":"2026-10-14"},{"url":"https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html","title":"EDB \u2014 Why Singapore is Asia's economic powerhouse","accessed":"2026-10-14"},{"url":"https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf","title":"MAS \u2014 Notice 133 (8 December 2025)","accessed":"2026-10-14"}],"summary":"MAS licenses and supervises life, general, composite, reinsurance, captive and broker institutions in Singapore under the Insurance Act, using a risk-based capital framework (Notice 133); SDIC runs separate deposit-insurance and policy-owner protection schemes that apply only on insurer or bank failure.","entities":["sg.agency.mas","sg.organisation.sdic"],"language":"en","volatility":"slow","document_id":"sgkb.economy-finance.insurance-and-mas-supervision","jurisdiction":"SG","document_type":"article","last_verified":"2026-10-14","temporal_scope":"current","document_sha256":"f2cf212a10b0961dbd94158de077ff373a510821f476c0277594cd6905f8d2de","geographic_scope":["national","international"],"classification_source":"domain-default","classification_confidence":"medium"},"date":"2026-10-14","kind":"article","wiki":{"path":"economy-finance\/insurance-and-mas-supervision.md","domain":"economy-finance","locales":{"en":{"title":"Insurance and MAS Supervision","summary":"MAS licenses and supervises life, general, composite, reinsurance, captive and broker institutions in Singapore under the Insurance Act, using a risk-based capital framework (Notice 133); SDIC runs separate deposit-insurance and policy-owner protection schemes that apply only on insurer or bank failure.","markdown":"# Insurance and MAS Supervision\n\n**Insurance in Singapore** is both a major financial-sector activity and a distinct prudential perimeter: the **Monetary Authority of Singapore (MAS)** licenses insurers, reinsurers, captives and insurance brokers, sets solvency and conduct requirements under the **Insurance Act**, and supervises institutions alongside banks and capital-markets firms ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133); [banking and financial hub](\/en\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)). Retail products range from **life and general insurance** sold by licensed insurers to **national healthcare schemes** administered under MOH and CPF rules ([medishield life](\/en\/knowledge\/article\/sgkb.healthcare.medishield-life), [careshield life](\/en\/knowledge\/article\/sgkb.healthcare.careshield-life)). This article covers **prudential regulation and failure-protection schemes**, not product comparison or claims handling.\n\n## Insurance as part of the financial hub\n\nEDB presents Singapore's financial centre as spanning banking, wealth and asset management, **insurance**, capital markets, payments and treasury activity for a regional and global client base ([EDB, accessed Oct 2026](https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html)). Insurers use Singapore as a hub for underwriting, reinsurance, captive structures, regional headquarters functions and specialist brokers. MAS lists insurance-sector institutions in its **Financial Institutions Directory** under licence categories such as **Direct Insurer (Life)**, **Direct Insurer (General)**, **Direct Insurer (Composite)**, **Reinsurer**, **Captive Insurer**, **Approved Insurance Broker**, **Registered Insurance Broker**, **Authorised Reinsurer** and **Representative Office (Insurance)** ([MAS FID insurance sector, accessed Oct 2026](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)). As with banking, **institution listings, licence types and corporate groups answer different questions**; a single group may hold multiple permissions.\n\n## MAS licensing and what it does not guarantee\n\nMAS admission as a **licensed insurer** or **broker** means the firm must meet ongoing capital, governance, reporting and conduct rules \u2014 not that every policy sold is government-guaranteed or that investment returns are assured. MAS's **Compliance Toolkit for Direct Insurers and Reinsurers** maps licensing applications, prudential returns, valuation and capital reporting, and related submissions, and states that many filings moved to the **MAS\u2013Financial Institutions Transactions Platform (MAS-Tx)** from 2024 ([MAS compliance toolkit, revised 12 November 2025](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf)). Supervision sits in the same integrated authority as monetary policy and banking oversight ([mas and monetary policy](\/en\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)), but **insurance product terms** (premiums, exclusions, riders) remain contract law between policyholder and insurer unless a separate statute applies.\n\n## Risk-based capital: Notice 133 (RBC 2)\n\n**MAS Notice 133 \u2014 Valuation and Capital Framework for Insurers** is the principal risk-based capital (RBC) notice for licensed insurers after the RBC 2 review. MAS states it sets mandatory requirements and guidelines on **supervisory intervention levels**, **valuation of policy liabilities** for life and general business, and calculation of **total risk requirements** and **financial resources**, consolidating material that previously sat in the Insurance (Valuation and Capital) Regulations 2004, Notice 319 and related guidance ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)). The notice applies to **direct insurers, reinsurers and captives** as listed on the MAS page, with differentiated sections for captives, marine mutual insurers and special purpose reinsurance vehicles.\n\nMAS published **MAS 133 (Amendment) 2025**, effective **1 January 2026**, and a further **MAS 133 (Amendment) 2026** taking effect **31 March 2026** ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)). At the higher intervention level, insurers must meet **prescribed capital requirements (PCR)** calibrated at **99.5% value-at-risk over one year**; at the lower level, **minimum capital requirements (MCR)** use **90% VaR**, with **MCR set at 50% of PCR** under the December 2025 notice text ([MAS Notice 133 PDF, 8 December 2025](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf)). Meeting PCR on a statutory return is **solvency regulation**, not a promise that an individual policy will pay a particular claim on time.\n\n## SDIC: deposit insurance versus policy owners' protection\n\nThe **Singapore Deposit Insurance Corporation (SDIC)** administers two schemes that apply **only when a member institution fails**, and must not be confused with everyday claims against a solvent insurer. Under the **Deposit Insurance (DI) Scheme**, insured deposits with a **member bank or finance company** are aggregated and insured up to **S$100,000** per depositor per member; CPFIS and CPFRS placements with a member bank are **separately** insured up to **S$100,000** ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). That protection covers **deposits**, not life policies.\n\nThe **Policy Owners' Protection (PPF) Scheme** covers **life** and certain **general** insurance policies when a **member life or general insurer fails**. SDIC states that life coverage is based on **guaranteed benefits** subject to **caps** (with exceptions for accident and health policies and riders), while general insurance coverage is **not capped** except where statute limits compulsory policies or specified motor and property-damage claims ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). SDIC is a company limited by guarantee whose board is accountable to the Minister in charge of MAS ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). **PPF is not MediShield Life, CareShield Life or CPF insurance** \u2014 those schemes have their own statutes and administrators ([medishield life](\/en\/knowledge\/article\/sgkb.healthcare.medishield-life), [careshield life](\/en\/knowledge\/article\/sgkb.healthcare.careshield-life), [cpf overview](\/en\/knowledge\/article\/sgkb.cpf-social-security.cpf-overview)).\n\n## Common mistakes when answering insurance questions\n\nRetrieval errors include treating **MAS licensing** as **full government backing of investment-linked returns**, assuming **SDIC PPF** pays claims while the insurer is still solvent, or quoting **bank deposit insurance limits** for **life policies**. Consumers who conflate **CASE mediation** with **insolvency protection** may expect a non-profit association to guarantee payouts when the real question is whether the insurer remains solvent and whether PPF membership applies ([case and dispute resolution](\/en\/knowledge\/article\/sgkb.consumer.case-and-dispute-resolution); [SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). Another mistake is blending **Notice 133 capital ratios** with **MOH healthcare insurance premiums**, **MediSave** balances, or **Integrated Shield Plan** rider rules \u2014 hospital financing sits under MOH and CPF administration, not insurer RBC returns ([integrated shield plans](\/en\/knowledge\/article\/sgkb.healthcare.integrated-shield-plans), [healthcare financing](\/en\/knowledge\/article\/sgkb.healthcare.healthcare-financing)). Finally, **authorised reinsurers** and **captives** serve different roles from retail **direct insurers**; directory labels in the MAS FID insurance sector should be read with their licence type, not collapsed into \u201call insurers are the same\u201d ([MAS FID insurance sector, accessed Oct 2026](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)). For banking licences and payment apps use [banking and financial hub](\/en\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub); for monetary policy use [mas and monetary policy](\/en\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)."},"zh":{"title":"\u4fdd\u9669\u4e0e MAS \u76d1\u7ba1","summary":"MAS \u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u65b0\u52a0\u5761\u7684\u4eba\u5bff\u3001\u4e00\u822c\u3001\u7efc\u5408\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\u5e76\u8fdb\u884c\u76d1\u7ba1\uff0c\u91c7\u7528\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\u6846\u67b6\uff08\u901a\u77e5 133\uff09\uff1b\u65b0\u52a0\u5761\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08SDIC\uff09\u5206\u522b\u7ba1\u7406\u5b58\u6b3e\u4fdd\u9669\u548c\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\u8ba1\u5212\uff0c\u8fd9\u4e9b\u8ba1\u5212\u4ec5\u5728\u4fdd\u9669\u516c\u53f8\u6216\u94f6\u884c\u5012\u95ed\u65f6\u9002\u7528\u3002","markdown":"# \u4fdd\u9669\u4e0e MAS \u76d1\u7ba1\n\n**\u65b0\u52a0\u5761\u4fdd\u9669\u4e1a**\u65e2\u662f\u91d1\u878d\u9886\u57df\u7684\u91cd\u8981\u6d3b\u52a8\uff0c\u4e5f\u662f\u4e00\u4e2a\u72ec\u7acb\u7684\u5ba1\u614e\u76d1\u7ba1\u8303\u56f4\uff1a**\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09**\u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u4fdd\u9669\u516c\u53f8\u3001\u518d\u4fdd\u9669\u516c\u53f8\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\uff0c\u5236\u5b9a\u507f\u4ed8\u80fd\u529b\u548c\u4e1a\u52a1\u884c\u4e3a\u8981\u6c42\uff0c\u5e76\u4e0e\u94f6\u884c\u548c\u8d44\u672c\u5e02\u573a\u516c\u53f8\u4e00\u540c\u76d1\u7ba1\u8fd9\u4e9b\u673a\u6784\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff1b[\u94f6\u884c\u4e1a\u4e0e\u91d1\u878d\u4e2d\u5fc3](\/zh\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)\uff09\u3002\u96f6\u552e\u4ea7\u54c1\u5305\u62ec\u6301\u724c\u4fdd\u9669\u516c\u53f8\u9500\u552e\u7684**\u4eba\u5bff\u4fdd\u9669\u548c\u4e00\u822c\u4fdd\u9669**\uff0c\u4ee5\u53ca\u6839\u636e\u536b\u751f\u90e8\uff08MOH\uff09\u548c CPF \u89c4\u5219\u7ba1\u7406\u7684**\u56fd\u5bb6\u533b\u7597\u4fdd\u5065\u8ba1\u5212**\uff08[\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.medishield-life)\uff0c[\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.careshield-life)\uff09\u3002\u672c\u6587\u4ecb\u7ecd**\u5ba1\u614e\u76d1\u7ba1\u548c\u5012\u95ed\u4fdd\u969c\u8ba1\u5212**\uff0c\u4e0d\u6d89\u53ca\u4ea7\u54c1\u6bd4\u8f83\u6216\u7406\u8d54\u5904\u7406\u3002\n\n## \u4fdd\u9669\u4e1a\u4f5c\u4e3a\u91d1\u878d\u4e2d\u5fc3\u7684\u4e00\u90e8\u5206\n\n\u65b0\u52a0\u5761\u7ecf\u6d4e\u53d1\u5c55\u5c40\uff08EDB\uff09\u4ecb\u7ecd\uff0c\u65b0\u52a0\u5761\u91d1\u878d\u4e2d\u5fc3\u6db5\u76d6\u94f6\u884c\u4e1a\u3001\u8d22\u5bcc\u4e0e\u8d44\u4ea7\u7ba1\u7406\u3001**\u4fdd\u9669\u4e1a**\u3001\u8d44\u672c\u5e02\u573a\u3001\u652f\u4ed8\u548c\u8d44\u91d1\u7ba1\u7406\u6d3b\u52a8\uff0c\u670d\u52a1\u533a\u57df\u548c\u5168\u7403\u5ba2\u6237\uff08[EDB\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html)\uff09\u3002\u4fdd\u9669\u516c\u53f8\u4ee5\u65b0\u52a0\u5761\u4e3a\u67a2\u7ebd\u5f00\u5c55\u627f\u4fdd\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u67b6\u6784\u3001\u533a\u57df\u603b\u90e8\u804c\u80fd\u548c\u4e13\u4e1a\u7ecf\u7eaa\u4e1a\u52a1\u3002MAS \u5728\u5176**\u91d1\u878d\u673a\u6784\u76ee\u5f55**\u4e2d\u6309\u6267\u7167\u7c7b\u522b\u5217\u51fa\u4fdd\u9669\u4e1a\u673a\u6784\uff0c\u4f8b\u5982**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u4eba\u5bff\uff09**\u3001**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u4e00\u822c\uff09**\u3001**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u7efc\u5408\uff09**\u3001**\u518d\u4fdd\u9669\u516c\u53f8**\u3001**\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\u3001**\u83b7\u6279\u51c6\u4fdd\u9669\u7ecf\u7eaa\u516c\u53f8**\u3001**\u6ce8\u518c\u4fdd\u9669\u7ecf\u7eaa\u516c\u53f8**\u3001**\u83b7\u6388\u6743\u518d\u4fdd\u9669\u516c\u53f8**\u548c**\u4ee3\u8868\u5904\uff08\u4fdd\u9669\uff09**\uff08[MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)\uff09\u3002\u4e0e\u94f6\u884c\u4e1a\u4e00\u6837\uff0c**\u673a\u6784\u540d\u5f55\u3001\u6267\u7167\u7c7b\u578b\u548c\u4f01\u4e1a\u96c6\u56e2\u56de\u7b54\u7684\u662f\u4e0d\u540c\u95ee\u9898**\uff1b\u4e00\u4e2a\u96c6\u56e2\u53ef\u80fd\u6301\u6709\u591a\u9879\u8bb8\u53ef\u3002\n\n## MAS \u53d1\u724c\u53ca\u5176\u4e0d\u4ee3\u8868\u4ec0\u4e48\n\n\u83b7 MAS \u51c6\u8bb8\u6210\u4e3a**\u6301\u724c\u4fdd\u9669\u516c\u53f8**\u6216**\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784**\uff0c\u610f\u5473\u7740\u8be5\u516c\u53f8\u5fc5\u987b\u6301\u7eed\u9075\u5b88\u8d44\u672c\u3001\u6cbb\u7406\u3001\u62a5\u544a\u548c\u4e1a\u52a1\u884c\u4e3a\u89c4\u5219\uff1b\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u6240\u552e\u6bcf\u4efd\u4fdd\u5355\u90fd\u7531\u653f\u5e9c\u62c5\u4fdd\uff0c\u4e5f\u4e0d\u4fdd\u8bc1\u6295\u8d44\u56de\u62a5\u3002MAS \u7684**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\u548c\u518d\u4fdd\u9669\u516c\u53f8\u5408\u89c4\u5de5\u5177\u5305**\u8bf4\u660e\u53d1\u724c\u7533\u8bf7\u3001\u5ba1\u614e\u76d1\u7ba1\u7533\u62a5\u3001\u4f30\u503c\u548c\u8d44\u672c\u62a5\u544a\u53ca\u76f8\u5173\u63d0\u4ea4\u8981\u6c42\uff0c\u5e76\u6307\u51fa\u8bb8\u591a\u7533\u62a5\u81ea 2024 \u5e74\u8d77\u8f6c\u5230**MAS\u2014\u91d1\u878d\u673a\u6784\u4ea4\u6613\u5e73\u53f0\uff08MAS-Tx\uff09**\uff08[MAS \u5408\u89c4\u5de5\u5177\u5305\uff0c2025 \u5e74\u5341\u4e00\u6708 12 \u65e5\u4fee\u8ba2](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf)\uff09\u3002\u4fdd\u9669\u76d1\u7ba1\u4e0e\u8d27\u5e01\u653f\u7b56\u548c\u94f6\u884c\u76d1\u7ba1\u7531\u540c\u4e00\u7efc\u5408\u76d1\u7ba1\u673a\u6784\u8d1f\u8d23\uff08[MAS \u4e0e\u8d27\u5e01\u653f\u7b56](\/zh\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)\uff09\uff0c\u4f46**\u4fdd\u9669\u4ea7\u54c1\u6761\u6b3e**\uff08\u4fdd\u8d39\u3001\u9664\u5916\u8d23\u4efb\u3001\u9644\u52a0\u9669\uff09\u4ecd\u662f\u4fdd\u5355\u6301\u6709\u4eba\u4e0e\u4fdd\u9669\u516c\u53f8\u4e4b\u95f4\u53d7\u5408\u540c\u6cd5\u7ea6\u675f\u7684\u4e8b\u9879\uff0c\u9664\u975e\u53e6\u6709\u6cd5\u89c4\u9002\u7528\u3002\n\n## \u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\uff1a\u901a\u77e5 133\uff08RBC 2\uff09\n\n**MAS \u901a\u77e5 133\u2014\u2014\u4fdd\u9669\u516c\u53f8\u7684\u4f30\u503c\u548c\u8d44\u672c\u6846\u67b6**\u662f RBC 2 \u68c0\u8ba8\u540e\u6301\u724c\u4fdd\u9669\u516c\u53f8\u7684\u4e3b\u8981\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\uff08RBC\uff09\u901a\u77e5\u3002MAS \u8868\u793a\uff0c\u8be5\u901a\u77e5\u89c4\u5b9a\u4e86\u5173\u4e8e**\u76d1\u7ba1\u5e72\u9884\u6c34\u5e73**\u3001\u5bff\u9669\u548c\u4e00\u822c\u4fdd\u9669\u4e1a\u52a1\u7684**\u4fdd\u5355\u8d1f\u503a\u4f30\u503c**\uff0c\u4ee5\u53ca**\u603b\u98ce\u9669\u8981\u6c42**\u548c**\u8d22\u52a1\u8d44\u6e90**\u8ba1\u7b97\u7684\u5f3a\u5236\u8981\u6c42\u548c\u6307\u5f15\uff0c\u5e76\u6574\u5408\u4e86\u5148\u524d\u8f7d\u4e8e\u300a2004 \u5e74\u4fdd\u9669\uff08\u4f30\u503c\u4e0e\u8d44\u672c\uff09\u6761\u4f8b\u300b\u3001\u901a\u77e5 319 \u53ca\u76f8\u5173\u6307\u5f15\u4e2d\u7684\u6750\u6599\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff09\u3002\u6839\u636e MAS \u9875\u9762\u6240\u5217\uff0c\u8be5\u901a\u77e5\u9002\u7528\u4e8e**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\u3001\u518d\u4fdd\u9669\u516c\u53f8\u548c\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\uff0c\u5e76\u5bf9\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8\u3001\u6d77\u4e8b\u4e92\u4fdd\u4fdd\u9669\u516c\u53f8\u548c\u7279\u6b8a\u76ee\u7684\u518d\u4fdd\u9669\u5de5\u5177\u8bbe\u6709\u4e0d\u540c\u7ae0\u8282\u3002\n\nMAS \u53d1\u5e03\u4e86**MAS 133\uff082025 \u5e74\u4fee\u8ba2\uff09**\uff0c\u81ea**2026 \u5e74\u4e00\u6708 1 \u65e5**\u8d77\u751f\u6548\uff0c\u5e76\u8fdb\u4e00\u6b65\u53d1\u5e03\u4e86**MAS 133\uff082026 \u5e74\u4fee\u8ba2\uff09**\uff0c\u81ea**2026 \u5e74\u4e09\u6708 31 \u65e5**\u8d77\u751f\u6548\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff09\u3002\u5728\u8f83\u9ad8\u5e72\u9884\u6c34\u5e73\uff0c\u4fdd\u9669\u516c\u53f8\u5fc5\u987b\u6ee1\u8db3\u6309**\u4e00\u5e74\u671f 99.5% \u98ce\u9669\u4ef7\u503c**\u6821\u51c6\u7684**\u89c4\u5b9a\u8d44\u672c\u8981\u6c42\uff08PCR\uff09**\uff1b\u5728\u8f83\u4f4e\u6c34\u5e73\uff0c**\u6700\u4f4e\u8d44\u672c\u8981\u6c42\uff08MCR\uff09**\u91c7\u7528**90% VaR**\uff0c\u5e76\u6839\u636e 2025 \u5e74\u5341\u4e8c\u6708\u7684\u901a\u77e5\u6587\u672c\uff0c**MCR \u5b9a\u4e3a PCR \u7684 50%**\uff08[MAS \u901a\u77e5 133 PDF\uff0c2025 \u5e74\u5341\u4e8c\u6708 8 \u65e5](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf)\uff09\u3002\u5728\u6cd5\u5b9a\u7533\u62a5\u4e2d\u8fbe\u5230 PCR \u5c5e\u4e8e**\u507f\u4ed8\u80fd\u529b\u76d1\u7ba1**\uff0c\u5e76\u4e0d\u4ee3\u8868\u627f\u8bfa\u67d0\u4efd\u4fdd\u5355\u7684\u7279\u5b9a\u7d22\u8d54\u4f1a\u5728\u7279\u5b9a\u65f6\u95f4\u83b7\u8d54\u3002\n\n## 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\u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002\u8be5\u4fdd\u969c\u6db5\u76d6**\u5b58\u6b3e**\uff0c\u4e0d\u6db5\u76d6\u4eba\u5bff\u4fdd\u5355\u3002\n\n**\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\uff08PPF\uff09\u8ba1\u5212**\u5728**\u6210\u5458\u4eba\u5bff\u6216\u4e00\u822c\u4fdd\u9669\u516c\u53f8\u5012\u95ed\u65f6**\uff0c\u4fdd\u969c**\u4eba\u5bff\u4fdd\u9669**\u548c\u67d0\u4e9b**\u4e00\u822c\u4fdd\u9669**\u4fdd\u5355\u3002SDIC \u8868\u793a\uff0c\u4eba\u5bff\u4fdd\u9669\u4fdd\u969c\u4ee5**\u4fdd\u8bc1\u5229\u76ca**\u4e3a\u57fa\u7840\u5e76\u8bbe\u6709**\u4e0a\u9650**\uff08\u610f\u5916\u548c\u5065\u5eb7\u4fdd\u5355\u53ca\u9644\u52a0\u9669\u9664\u5916\uff09\uff1b\u4e00\u822c\u4fdd\u9669\u4fdd\u969c**\u6ca1\u6709\u4e0a\u9650**\uff0c\u4f46\u6cd5\u5f8b\u5bf9\u5f3a\u5236\u4fdd\u9669\u6216\u6307\u5b9a\u673a\u52a8\u8f66\u548c\u8d22\u4ea7\u635f\u5931\u7d22\u8d54\u8bbe\u6709\u9650\u5236\u7684\u60c5\u51b5\u9664\u5916\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002SDIC \u662f\u4e00\u5bb6\u62c5\u4fdd\u6709\u9650\u516c\u53f8\uff0c\u5176\u8463\u4e8b\u4f1a\u5411\u8d1f\u8d23 MAS \u7684\u90e8\u957f\u8d1f\u8d23\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002**PPF \u4e0d\u7b49\u540c\u4e8e\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212\u3001\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212\u6216 CPF \u4fdd\u9669**\u2014\u2014\u8fd9\u4e9b\u8ba1\u5212\u5404\u6709\u81ea\u5df1\u7684\u6cd5\u89c4\u548c\u7ba1\u7406\u673a\u6784\uff08[\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.medishield-life)\uff0c[\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.careshield-life)\uff0c[CPF \u6982\u89c8](\/zh\/knowledge\/article\/sgkb.cpf-social-security.cpf-overview)\uff09\u3002\n\n## \u56de\u7b54\u4fdd\u9669\u95ee\u9898\u65f6\u7684\u5e38\u89c1\u9519\u8bef\n\n\u68c0\u7d22\u9519\u8bef\u5305\u62ec\u628a **MAS 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Reinsurers","accessed":"2026-10-14"}]},{"chunk_id":"sgkb.economy-finance.insurance-and-mas-supervision#risk-based-capital-notice-133-rbc-2","document_id":"sgkb.economy-finance.insurance-and-mas-supervision","citation_urls":["https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133","https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf"],"content_sha256":"a3c7cf21e3378c42d09a7277ba0833463f59ce91744acd8fd57984ec11eabca1","document_sha256":"f2cf212a10b0961dbd94158de077ff373a510821f476c0277594cd6905f8d2de","section_sources":[{"url":"https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133","title":"MAS \u2014 Notice 133 Valuation and Capital Framework for Insurers","accessed":"2026-10-14"},{"url":"https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf","title":"MAS \u2014 Notice 133 (8 December 2025)","accessed":"2026-10-14"}]},{"chunk_id":"sgkb.economy-finance.insurance-and-mas-supervision#sdic-deposit-insurance-versus-policy-owners-protection","document_id":"sgkb.economy-finance.insurance-and-mas-supervision","citation_urls":["https:\/\/www.sdic.org.sg\/"],"content_sha256":"897065e39cd471f22bd83d0445ba9bf1e9679cdccbcaaf35cf4865728dbaaebc","document_sha256":"f2cf212a10b0961dbd94158de077ff373a510821f476c0277594cd6905f8d2de","section_sources":[{"url":"https:\/\/www.sdic.org.sg\/","title":"SDIC \u2014 Deposit Insurance and Policy Owners' Protection schemes","accessed":"2026-10-14"}]},{"chunk_id":"sgkb.economy-finance.insurance-and-mas-supervision#common-mistakes-when-answering-insurance-questions","document_id":"sgkb.economy-finance.insurance-and-mas-supervision","citation_urls":["https:\/\/www.sdic.org.sg\/","https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance"],"content_sha256":"cb3b498f99773f72f85000ff4da9e201d47d2fd4307b742170fd627ec866a96f","document_sha256":"f2cf212a10b0961dbd94158de077ff373a510821f476c0277594cd6905f8d2de","section_sources":[{"url":"https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance","title":"MAS \u2014 Financial Institutions Directory: Insurance sector","accessed":"2026-10-14"},{"url":"https:\/\/www.sdic.org.sg\/","title":"SDIC \u2014 Deposit Insurance and Policy Owners' Protection schemes","accessed":"2026-10-14"}]}],"locales":{"en":{"title":"Insurance and MAS Supervision","summary":"MAS licenses and supervises life, general, composite, reinsurance, captive and broker institutions in Singapore under the Insurance Act, using a risk-based capital framework (Notice 133); SDIC runs separate deposit-insurance and policy-owner protection schemes that apply only on insurer or bank failure.","markdown":"# Insurance and MAS Supervision\n\n**Insurance in Singapore** is both a major financial-sector activity and a distinct prudential perimeter: the **Monetary Authority of Singapore (MAS)** licenses insurers, reinsurers, captives and insurance brokers, sets solvency and conduct requirements under the **Insurance Act**, and supervises institutions alongside banks and capital-markets firms ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133); [banking and financial hub](\/en\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)). Retail products range from **life and general insurance** sold by licensed insurers to **national healthcare schemes** administered under MOH and CPF rules ([medishield life](\/en\/knowledge\/article\/sgkb.healthcare.medishield-life), [careshield life](\/en\/knowledge\/article\/sgkb.healthcare.careshield-life)). This article covers **prudential regulation and failure-protection schemes**, not product comparison or claims handling.\n\n## Insurance as part of the financial hub\n\nEDB presents Singapore's financial centre as spanning banking, wealth and asset management, **insurance**, capital markets, payments and treasury activity for a regional and global client base ([EDB, accessed Oct 2026](https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html)). Insurers use Singapore as a hub for underwriting, reinsurance, captive structures, regional headquarters functions and specialist brokers. MAS lists insurance-sector institutions in its **Financial Institutions Directory** under licence categories such as **Direct Insurer (Life)**, **Direct Insurer (General)**, **Direct Insurer (Composite)**, **Reinsurer**, **Captive Insurer**, **Approved Insurance Broker**, **Registered Insurance Broker**, **Authorised Reinsurer** and **Representative Office (Insurance)** ([MAS FID insurance sector, accessed Oct 2026](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)). As with banking, **institution listings, licence types and corporate groups answer different questions**; a single group may hold multiple permissions.\n\n## MAS licensing and what it does not guarantee\n\nMAS admission as a **licensed insurer** or **broker** means the firm must meet ongoing capital, governance, reporting and conduct rules \u2014 not that every policy sold is government-guaranteed or that investment returns are assured. MAS's **Compliance Toolkit for Direct Insurers and Reinsurers** maps licensing applications, prudential returns, valuation and capital reporting, and related submissions, and states that many filings moved to the **MAS\u2013Financial Institutions Transactions Platform (MAS-Tx)** from 2024 ([MAS compliance toolkit, revised 12 November 2025](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf)). Supervision sits in the same integrated authority as monetary policy and banking oversight ([mas and monetary policy](\/en\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)), but **insurance product terms** (premiums, exclusions, riders) remain contract law between policyholder and insurer unless a separate statute applies.\n\n## Risk-based capital: Notice 133 (RBC 2)\n\n**MAS Notice 133 \u2014 Valuation and Capital Framework for Insurers** is the principal risk-based capital (RBC) notice for licensed insurers after the RBC 2 review. MAS states it sets mandatory requirements and guidelines on **supervisory intervention levels**, **valuation of policy liabilities** for life and general business, and calculation of **total risk requirements** and **financial resources**, consolidating material that previously sat in the Insurance (Valuation and Capital) Regulations 2004, Notice 319 and related guidance ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)). The notice applies to **direct insurers, reinsurers and captives** as listed on the MAS page, with differentiated sections for captives, marine mutual insurers and special purpose reinsurance vehicles.\n\nMAS published **MAS 133 (Amendment) 2025**, effective **1 January 2026**, and a further **MAS 133 (Amendment) 2026** taking effect **31 March 2026** ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)). At the higher intervention level, insurers must meet **prescribed capital requirements (PCR)** calibrated at **99.5% value-at-risk over one year**; at the lower level, **minimum capital requirements (MCR)** use **90% VaR**, with **MCR set at 50% of PCR** under the December 2025 notice text ([MAS Notice 133 PDF, 8 December 2025](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf)). Meeting PCR on a statutory return is **solvency regulation**, not a promise that an individual policy will pay a particular claim on time.\n\n## SDIC: deposit insurance versus policy owners' protection\n\nThe **Singapore Deposit Insurance Corporation (SDIC)** administers two schemes that apply **only when a member institution fails**, and must not be confused with everyday claims against a solvent insurer. Under the **Deposit Insurance (DI) Scheme**, insured deposits with a **member bank or finance company** are aggregated and insured up to **S$100,000** per depositor per member; CPFIS and CPFRS placements with a member bank are **separately** insured up to **S$100,000** ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). That protection covers **deposits**, not life policies.\n\nThe **Policy Owners' Protection (PPF) Scheme** covers **life** and certain **general** insurance policies when a **member life or general insurer fails**. SDIC states that life coverage is based on **guaranteed benefits** subject to **caps** (with exceptions for accident and health policies and riders), while general insurance coverage is **not capped** except where statute limits compulsory policies or specified motor and property-damage claims ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). SDIC is a company limited by guarantee whose board is accountable to the Minister in charge of MAS ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). **PPF is not MediShield Life, CareShield Life or CPF insurance** \u2014 those schemes have their own statutes and administrators ([medishield life](\/en\/knowledge\/article\/sgkb.healthcare.medishield-life), [careshield life](\/en\/knowledge\/article\/sgkb.healthcare.careshield-life), [cpf overview](\/en\/knowledge\/article\/sgkb.cpf-social-security.cpf-overview)).\n\n## Common mistakes when answering insurance questions\n\nRetrieval errors include treating **MAS licensing** as **full government backing of investment-linked returns**, assuming **SDIC PPF** pays claims while the insurer is still solvent, or quoting **bank deposit insurance limits** for **life policies**. Consumers who conflate **CASE mediation** with **insolvency protection** may expect a non-profit association to guarantee payouts when the real question is whether the insurer remains solvent and whether PPF membership applies ([case and dispute resolution](\/en\/knowledge\/article\/sgkb.consumer.case-and-dispute-resolution); [SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). Another mistake is blending **Notice 133 capital ratios** with **MOH healthcare insurance premiums**, **MediSave** balances, or **Integrated Shield Plan** rider rules \u2014 hospital financing sits under MOH and CPF administration, not insurer RBC returns ([integrated shield plans](\/en\/knowledge\/article\/sgkb.healthcare.integrated-shield-plans), [healthcare financing](\/en\/knowledge\/article\/sgkb.healthcare.healthcare-financing)). Finally, **authorised reinsurers** and **captives** serve different roles from retail **direct insurers**; directory labels in the MAS FID insurance sector should be read with their licence type, not collapsed into \u201call insurers are the same\u201d ([MAS FID insurance sector, accessed Oct 2026](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)). For banking licences and payment apps use [banking and financial hub](\/en\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub); for monetary policy use [mas and monetary policy](\/en\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)."},"zh":{"title":"\u4fdd\u9669\u4e0e MAS \u76d1\u7ba1","summary":"MAS \u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u65b0\u52a0\u5761\u7684\u4eba\u5bff\u3001\u4e00\u822c\u3001\u7efc\u5408\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\u5e76\u8fdb\u884c\u76d1\u7ba1\uff0c\u91c7\u7528\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\u6846\u67b6\uff08\u901a\u77e5 133\uff09\uff1b\u65b0\u52a0\u5761\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08SDIC\uff09\u5206\u522b\u7ba1\u7406\u5b58\u6b3e\u4fdd\u9669\u548c\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\u8ba1\u5212\uff0c\u8fd9\u4e9b\u8ba1\u5212\u4ec5\u5728\u4fdd\u9669\u516c\u53f8\u6216\u94f6\u884c\u5012\u95ed\u65f6\u9002\u7528\u3002","markdown":"# \u4fdd\u9669\u4e0e MAS \u76d1\u7ba1\n\n**\u65b0\u52a0\u5761\u4fdd\u9669\u4e1a**\u65e2\u662f\u91d1\u878d\u9886\u57df\u7684\u91cd\u8981\u6d3b\u52a8\uff0c\u4e5f\u662f\u4e00\u4e2a\u72ec\u7acb\u7684\u5ba1\u614e\u76d1\u7ba1\u8303\u56f4\uff1a**\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09**\u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u4fdd\u9669\u516c\u53f8\u3001\u518d\u4fdd\u9669\u516c\u53f8\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\uff0c\u5236\u5b9a\u507f\u4ed8\u80fd\u529b\u548c\u4e1a\u52a1\u884c\u4e3a\u8981\u6c42\uff0c\u5e76\u4e0e\u94f6\u884c\u548c\u8d44\u672c\u5e02\u573a\u516c\u53f8\u4e00\u540c\u76d1\u7ba1\u8fd9\u4e9b\u673a\u6784\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff1b[\u94f6\u884c\u4e1a\u4e0e\u91d1\u878d\u4e2d\u5fc3](\/zh\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)\uff09\u3002\u96f6\u552e\u4ea7\u54c1\u5305\u62ec\u6301\u724c\u4fdd\u9669\u516c\u53f8\u9500\u552e\u7684**\u4eba\u5bff\u4fdd\u9669\u548c\u4e00\u822c\u4fdd\u9669**\uff0c\u4ee5\u53ca\u6839\u636e\u536b\u751f\u90e8\uff08MOH\uff09\u548c CPF \u89c4\u5219\u7ba1\u7406\u7684**\u56fd\u5bb6\u533b\u7597\u4fdd\u5065\u8ba1\u5212**\uff08[\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.medishield-life)\uff0c[\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.careshield-life)\uff09\u3002\u672c\u6587\u4ecb\u7ecd**\u5ba1\u614e\u76d1\u7ba1\u548c\u5012\u95ed\u4fdd\u969c\u8ba1\u5212**\uff0c\u4e0d\u6d89\u53ca\u4ea7\u54c1\u6bd4\u8f83\u6216\u7406\u8d54\u5904\u7406\u3002\n\n## \u4fdd\u9669\u4e1a\u4f5c\u4e3a\u91d1\u878d\u4e2d\u5fc3\u7684\u4e00\u90e8\u5206\n\n\u65b0\u52a0\u5761\u7ecf\u6d4e\u53d1\u5c55\u5c40\uff08EDB\uff09\u4ecb\u7ecd\uff0c\u65b0\u52a0\u5761\u91d1\u878d\u4e2d\u5fc3\u6db5\u76d6\u94f6\u884c\u4e1a\u3001\u8d22\u5bcc\u4e0e\u8d44\u4ea7\u7ba1\u7406\u3001**\u4fdd\u9669\u4e1a**\u3001\u8d44\u672c\u5e02\u573a\u3001\u652f\u4ed8\u548c\u8d44\u91d1\u7ba1\u7406\u6d3b\u52a8\uff0c\u670d\u52a1\u533a\u57df\u548c\u5168\u7403\u5ba2\u6237\uff08[EDB\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html)\uff09\u3002\u4fdd\u9669\u516c\u53f8\u4ee5\u65b0\u52a0\u5761\u4e3a\u67a2\u7ebd\u5f00\u5c55\u627f\u4fdd\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u67b6\u6784\u3001\u533a\u57df\u603b\u90e8\u804c\u80fd\u548c\u4e13\u4e1a\u7ecf\u7eaa\u4e1a\u52a1\u3002MAS \u5728\u5176**\u91d1\u878d\u673a\u6784\u76ee\u5f55**\u4e2d\u6309\u6267\u7167\u7c7b\u522b\u5217\u51fa\u4fdd\u9669\u4e1a\u673a\u6784\uff0c\u4f8b\u5982**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u4eba\u5bff\uff09**\u3001**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u4e00\u822c\uff09**\u3001**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u7efc\u5408\uff09**\u3001**\u518d\u4fdd\u9669\u516c\u53f8**\u3001**\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\u3001**\u83b7\u6279\u51c6\u4fdd\u9669\u7ecf\u7eaa\u516c\u53f8**\u3001**\u6ce8\u518c\u4fdd\u9669\u7ecf\u7eaa\u516c\u53f8**\u3001**\u83b7\u6388\u6743\u518d\u4fdd\u9669\u516c\u53f8**\u548c**\u4ee3\u8868\u5904\uff08\u4fdd\u9669\uff09**\uff08[MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)\uff09\u3002\u4e0e\u94f6\u884c\u4e1a\u4e00\u6837\uff0c**\u673a\u6784\u540d\u5f55\u3001\u6267\u7167\u7c7b\u578b\u548c\u4f01\u4e1a\u96c6\u56e2\u56de\u7b54\u7684\u662f\u4e0d\u540c\u95ee\u9898**\uff1b\u4e00\u4e2a\u96c6\u56e2\u53ef\u80fd\u6301\u6709\u591a\u9879\u8bb8\u53ef\u3002\n\n## MAS \u53d1\u724c\u53ca\u5176\u4e0d\u4ee3\u8868\u4ec0\u4e48\n\n\u83b7 MAS \u51c6\u8bb8\u6210\u4e3a**\u6301\u724c\u4fdd\u9669\u516c\u53f8**\u6216**\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784**\uff0c\u610f\u5473\u7740\u8be5\u516c\u53f8\u5fc5\u987b\u6301\u7eed\u9075\u5b88\u8d44\u672c\u3001\u6cbb\u7406\u3001\u62a5\u544a\u548c\u4e1a\u52a1\u884c\u4e3a\u89c4\u5219\uff1b\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u6240\u552e\u6bcf\u4efd\u4fdd\u5355\u90fd\u7531\u653f\u5e9c\u62c5\u4fdd\uff0c\u4e5f\u4e0d\u4fdd\u8bc1\u6295\u8d44\u56de\u62a5\u3002MAS \u7684**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\u548c\u518d\u4fdd\u9669\u516c\u53f8\u5408\u89c4\u5de5\u5177\u5305**\u8bf4\u660e\u53d1\u724c\u7533\u8bf7\u3001\u5ba1\u614e\u76d1\u7ba1\u7533\u62a5\u3001\u4f30\u503c\u548c\u8d44\u672c\u62a5\u544a\u53ca\u76f8\u5173\u63d0\u4ea4\u8981\u6c42\uff0c\u5e76\u6307\u51fa\u8bb8\u591a\u7533\u62a5\u81ea 2024 \u5e74\u8d77\u8f6c\u5230**MAS\u2014\u91d1\u878d\u673a\u6784\u4ea4\u6613\u5e73\u53f0\uff08MAS-Tx\uff09**\uff08[MAS \u5408\u89c4\u5de5\u5177\u5305\uff0c2025 \u5e74\u5341\u4e00\u6708 12 \u65e5\u4fee\u8ba2](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf)\uff09\u3002\u4fdd\u9669\u76d1\u7ba1\u4e0e\u8d27\u5e01\u653f\u7b56\u548c\u94f6\u884c\u76d1\u7ba1\u7531\u540c\u4e00\u7efc\u5408\u76d1\u7ba1\u673a\u6784\u8d1f\u8d23\uff08[MAS \u4e0e\u8d27\u5e01\u653f\u7b56](\/zh\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)\uff09\uff0c\u4f46**\u4fdd\u9669\u4ea7\u54c1\u6761\u6b3e**\uff08\u4fdd\u8d39\u3001\u9664\u5916\u8d23\u4efb\u3001\u9644\u52a0\u9669\uff09\u4ecd\u662f\u4fdd\u5355\u6301\u6709\u4eba\u4e0e\u4fdd\u9669\u516c\u53f8\u4e4b\u95f4\u53d7\u5408\u540c\u6cd5\u7ea6\u675f\u7684\u4e8b\u9879\uff0c\u9664\u975e\u53e6\u6709\u6cd5\u89c4\u9002\u7528\u3002\n\n## \u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\uff1a\u901a\u77e5 133\uff08RBC 2\uff09\n\n**MAS \u901a\u77e5 133\u2014\u2014\u4fdd\u9669\u516c\u53f8\u7684\u4f30\u503c\u548c\u8d44\u672c\u6846\u67b6**\u662f RBC 2 \u68c0\u8ba8\u540e\u6301\u724c\u4fdd\u9669\u516c\u53f8\u7684\u4e3b\u8981\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\uff08RBC\uff09\u901a\u77e5\u3002MAS \u8868\u793a\uff0c\u8be5\u901a\u77e5\u89c4\u5b9a\u4e86\u5173\u4e8e**\u76d1\u7ba1\u5e72\u9884\u6c34\u5e73**\u3001\u5bff\u9669\u548c\u4e00\u822c\u4fdd\u9669\u4e1a\u52a1\u7684**\u4fdd\u5355\u8d1f\u503a\u4f30\u503c**\uff0c\u4ee5\u53ca**\u603b\u98ce\u9669\u8981\u6c42**\u548c**\u8d22\u52a1\u8d44\u6e90**\u8ba1\u7b97\u7684\u5f3a\u5236\u8981\u6c42\u548c\u6307\u5f15\uff0c\u5e76\u6574\u5408\u4e86\u5148\u524d\u8f7d\u4e8e\u300a2004 \u5e74\u4fdd\u9669\uff08\u4f30\u503c\u4e0e\u8d44\u672c\uff09\u6761\u4f8b\u300b\u3001\u901a\u77e5 319 \u53ca\u76f8\u5173\u6307\u5f15\u4e2d\u7684\u6750\u6599\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff09\u3002\u6839\u636e MAS \u9875\u9762\u6240\u5217\uff0c\u8be5\u901a\u77e5\u9002\u7528\u4e8e**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\u3001\u518d\u4fdd\u9669\u516c\u53f8\u548c\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\uff0c\u5e76\u5bf9\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8\u3001\u6d77\u4e8b\u4e92\u4fdd\u4fdd\u9669\u516c\u53f8\u548c\u7279\u6b8a\u76ee\u7684\u518d\u4fdd\u9669\u5de5\u5177\u8bbe\u6709\u4e0d\u540c\u7ae0\u8282\u3002\n\nMAS \u53d1\u5e03\u4e86**MAS 133\uff082025 \u5e74\u4fee\u8ba2\uff09**\uff0c\u81ea**2026 \u5e74\u4e00\u6708 1 \u65e5**\u8d77\u751f\u6548\uff0c\u5e76\u8fdb\u4e00\u6b65\u53d1\u5e03\u4e86**MAS 133\uff082026 \u5e74\u4fee\u8ba2\uff09**\uff0c\u81ea**2026 \u5e74\u4e09\u6708 31 \u65e5**\u8d77\u751f\u6548\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff09\u3002\u5728\u8f83\u9ad8\u5e72\u9884\u6c34\u5e73\uff0c\u4fdd\u9669\u516c\u53f8\u5fc5\u987b\u6ee1\u8db3\u6309**\u4e00\u5e74\u671f 99.5% \u98ce\u9669\u4ef7\u503c**\u6821\u51c6\u7684**\u89c4\u5b9a\u8d44\u672c\u8981\u6c42\uff08PCR\uff09**\uff1b\u5728\u8f83\u4f4e\u6c34\u5e73\uff0c**\u6700\u4f4e\u8d44\u672c\u8981\u6c42\uff08MCR\uff09**\u91c7\u7528**90% VaR**\uff0c\u5e76\u6839\u636e 2025 \u5e74\u5341\u4e8c\u6708\u7684\u901a\u77e5\u6587\u672c\uff0c**MCR \u5b9a\u4e3a PCR \u7684 50%**\uff08[MAS \u901a\u77e5 133 PDF\uff0c2025 \u5e74\u5341\u4e8c\u6708 8 \u65e5](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf)\uff09\u3002\u5728\u6cd5\u5b9a\u7533\u62a5\u4e2d\u8fbe\u5230 PCR \u5c5e\u4e8e**\u507f\u4ed8\u80fd\u529b\u76d1\u7ba1**\uff0c\u5e76\u4e0d\u4ee3\u8868\u627f\u8bfa\u67d0\u4efd\u4fdd\u5355\u7684\u7279\u5b9a\u7d22\u8d54\u4f1a\u5728\u7279\u5b9a\u65f6\u95f4\u83b7\u8d54\u3002\n\n## SDIC\uff1a\u5b58\u6b3e\u4fdd\u9669\u4e0e\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\n\n**\u65b0\u52a0\u5761\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08SDIC\uff09**\u7ba1\u7406\u4e24\u9879\u8ba1\u5212\uff0c**\u4ec5\u5728\u6210\u5458\u673a\u6784\u5012\u95ed\u65f6**\u9002\u7528\uff0c\u4e0d\u80fd\u4e0e\u5bf9\u4ecd\u6709\u507f\u4ed8\u80fd\u529b\u7684\u4fdd\u9669\u516c\u53f8\u63d0\u51fa\u7684\u65e5\u5e38\u7d22\u8d54\u6df7\u4e3a\u4e00\u8c08\u3002\u6839\u636e**\u5b58\u6b3e\u4fdd\u9669\uff08DI\uff09\u8ba1\u5212**\uff0c\u5b58\u653e\u4e8e**\u6210\u5458\u94f6\u884c\u6216\u91d1\u878d\u516c\u53f8**\u7684\u53d7\u4fdd\u5b58\u6b3e\u6309\u6bcf\u4f4d\u5b58\u6b3e\u4eba\u3001\u6bcf\u5bb6\u6210\u5458\u673a\u6784\u6c47\u603b\u8ba1\u7b97\uff0c\u4fdd\u969c\u4e0a\u9650\u4e3a **S$100,000**\uff1b\u5b58\u653e\u4e8e\u6210\u5458\u94f6\u884c\u7684 CPFIS \u548c CPFRS \u6b3e\u9879\u5219**\u53e6\u884c**\u53d7\u4fdd\uff0c\u4fdd\u969c\u4e0a\u9650\u4e3a **S$100,000**\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002\u8be5\u4fdd\u969c\u6db5\u76d6**\u5b58\u6b3e**\uff0c\u4e0d\u6db5\u76d6\u4eba\u5bff\u4fdd\u5355\u3002\n\n**\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\uff08PPF\uff09\u8ba1\u5212**\u5728**\u6210\u5458\u4eba\u5bff\u6216\u4e00\u822c\u4fdd\u9669\u516c\u53f8\u5012\u95ed\u65f6**\uff0c\u4fdd\u969c**\u4eba\u5bff\u4fdd\u9669**\u548c\u67d0\u4e9b**\u4e00\u822c\u4fdd\u9669**\u4fdd\u5355\u3002SDIC \u8868\u793a\uff0c\u4eba\u5bff\u4fdd\u9669\u4fdd\u969c\u4ee5**\u4fdd\u8bc1\u5229\u76ca**\u4e3a\u57fa\u7840\u5e76\u8bbe\u6709**\u4e0a\u9650**\uff08\u610f\u5916\u548c\u5065\u5eb7\u4fdd\u5355\u53ca\u9644\u52a0\u9669\u9664\u5916\uff09\uff1b\u4e00\u822c\u4fdd\u9669\u4fdd\u969c**\u6ca1\u6709\u4e0a\u9650**\uff0c\u4f46\u6cd5\u5f8b\u5bf9\u5f3a\u5236\u4fdd\u9669\u6216\u6307\u5b9a\u673a\u52a8\u8f66\u548c\u8d22\u4ea7\u635f\u5931\u7d22\u8d54\u8bbe\u6709\u9650\u5236\u7684\u60c5\u51b5\u9664\u5916\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002SDIC \u662f\u4e00\u5bb6\u62c5\u4fdd\u6709\u9650\u516c\u53f8\uff0c\u5176\u8463\u4e8b\u4f1a\u5411\u8d1f\u8d23 MAS \u7684\u90e8\u957f\u8d1f\u8d23\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002**PPF \u4e0d\u7b49\u540c\u4e8e\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212\u3001\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212\u6216 CPF \u4fdd\u9669**\u2014\u2014\u8fd9\u4e9b\u8ba1\u5212\u5404\u6709\u81ea\u5df1\u7684\u6cd5\u89c4\u548c\u7ba1\u7406\u673a\u6784\uff08[\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.medishield-life)\uff0c[\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.careshield-life)\uff0c[CPF \u6982\u89c8](\/zh\/knowledge\/article\/sgkb.cpf-social-security.cpf-overview)\uff09\u3002\n\n## \u56de\u7b54\u4fdd\u9669\u95ee\u9898\u65f6\u7684\u5e38\u89c1\u9519\u8bef\n\n\u68c0\u7d22\u9519\u8bef\u5305\u62ec\u628a **MAS \u53d1\u724c**\u5f53\u6210**\u653f\u5e9c\u5bf9\u6295\u8d44\u6302\u94a9\u56de\u62a5\u7684\u5168\u9762\u62c5\u4fdd**\uff0c\u5047\u8bbe **SDIC PPF** \u4f1a\u5728\u4fdd\u9669\u516c\u53f8\u4ecd\u6709\u507f\u4ed8\u80fd\u529b\u65f6\u652f\u4ed8\u7d22\u8d54\uff0c\u6216\u628a**\u94f6\u884c\u5b58\u6b3e\u4fdd\u9669\u9650\u989d**\u7528\u4e8e**\u4eba\u5bff\u4fdd\u5355**\u3002\u628a **CASE \u8c03\u89e3**\u4e0e**\u5012\u95ed\u4fdd\u969c**\u6df7\u4e3a\u4e00\u8c08\u7684\u6d88\u8d39\u8005\uff0c\u53ef\u80fd\u4f1a\u8bef\u4ee5\u4e3a\u975e\u8425\u5229\u534f\u4f1a\u4f1a\u4fdd\u969c\u8d54\u4ed8\uff1b\u5b9e\u9645\u8981\u770b\u7684\u662f\u4fdd\u9669\u516c\u53f8\u662f\u5426\u4ecd\u6709\u507f\u4ed8\u80fd\u529b\uff0c\u4ee5\u53ca\u662f\u5426\u9002\u7528 PPF \u4f1a\u5458\u8d44\u683c\uff08[CASE \u4e0e\u4e89\u8bae\u89e3\u51b3](\/zh\/knowledge\/article\/sgkb.consumer.case-and-dispute-resolution)\uff1b[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002\u53e6\u4e00\u4e2a\u9519\u8bef\u662f\u5c06**\u901a\u77e5 133 \u8d44\u672c\u6bd4\u7387**\u4e0e**\u536b\u751f\u90e8\u533b\u7597\u4fdd\u9669\u4fdd\u8d39**\u3001**\u4fdd\u5065\u50a8\u84c4\u6237\u5934\uff08MediSave\uff09\u4f59\u989d**\u6216**\u7efc\u5408\u5065\u4fdd\u8ba1\u5212\uff08Integrated Shield Plan\uff09\u9644\u52a0\u9669\u89c4\u5219**\u6df7\u4e3a\u4e00\u8c08\u2014\u2014\u4f4f\u9662\u533b\u7597\u878d\u8d44\u7531\u536b\u751f\u90e8\u548c CPF \u7ba1\u7406\uff0c\u5e76\u975e\u4fdd\u9669\u516c\u53f8 RBC \u7533\u62a5\u7684\u4e00\u90e8\u5206\uff08[\u7efc\u5408\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.integrated-shield-plans)\uff0c[\u533b\u7597\u4fdd\u5065\u878d\u8d44](\/zh\/knowledge\/article\/sgkb.healthcare.healthcare-financing)\uff09\u3002\u6700\u540e\uff0c**\u83b7\u6388\u6743\u518d\u4fdd\u9669\u516c\u53f8**\u548c**\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\u7684\u804c\u80fd\u4e0d\u540c\u4e8e\u9762\u5411\u96f6\u552e\u5ba2\u6237\u7684**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8**\uff1b\u9605\u8bfb MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\u7684\u6807\u7b7e\u65f6\u5e94\u7ed3\u5408\u5176\u6267\u7167\u7c7b\u578b\uff0c\u4e0d\u8981\u4e00\u6982\u79f0\u4e3a\u201c\u4fdd\u9669\u516c\u53f8\u90fd\u4e00\u6837\u201d\uff08[MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)\uff09\u3002\u5173\u4e8e\u94f6\u884c\u6267\u7167\u548c\u652f\u4ed8\u5e94\u7528\uff0c\u8bf7\u53c2\u9605[\u94f6\u884c\u4e1a\u4e0e\u91d1\u878d\u4e2d\u5fc3](\/zh\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)\uff1b\u5173\u4e8e\u8d27\u5e01\u653f\u7b56\uff0c\u8bf7\u53c2\u9605[MAS \u4e0e\u8d27\u5e01\u653f\u7b56](\/zh\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)\u3002"}},"title_en":"Insurance and MAS Supervision","title_zh":"\u4fdd\u9669\u4e0e MAS \u76d1\u7ba1","source_id":"sgkb.economy-finance.insurance-and-mas-supervision","input_hash":"8f9f234b19a9aa62f8ebf3af94b7f46d88560b487b48c620886c953e91fea5ea","summary_en":"MAS licenses and supervises life, general, composite, reinsurance, captive and broker institutions in Singapore under the Insurance Act, using a risk-based capital framework (Notice 133); SDIC runs separate deposit-insurance and policy-owner protection schemes that apply only on insurer or bank failure.","summary_zh":"MAS \u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u65b0\u52a0\u5761\u7684\u4eba\u5bff\u3001\u4e00\u822c\u3001\u7efc\u5408\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\u5e76\u8fdb\u884c\u76d1\u7ba1\uff0c\u91c7\u7528\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\u6846\u67b6\uff08\u901a\u77e5 133\uff09\uff1b\u65b0\u52a0\u5761\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08SDIC\uff09\u5206\u522b\u7ba1\u7406\u5b58\u6b3e\u4fdd\u9669\u548c\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\u8ba1\u5212\uff0c\u8fd9\u4e9b\u8ba1\u5212\u4ec5\u5728\u4fdd\u9669\u516c\u53f8\u6216\u94f6\u884c\u5012\u95ed\u65f6\u9002\u7528\u3002","bundle_sha256":"a40766305abc16909d8c0ebc8231c31596ff8547264a43ae958159f718ddfa5e","evidence_paths":["source\/economy-finance\/insurance-and-mas-supervision.md","artefacts\/retrieval-chunks.jsonl","artefacts\/document-classification.jsonl"],"expected_version":0},"search_text":"Insurance and MAS Supervision\n\u4fdd\u9669\u4e0e MAS \u76d1\u7ba1\nMAS licenses and supervises life, general, composite, reinsurance, captive and broker institutions in Singapore under the Insurance Act, using a risk-based capital framework (Notice 133); SDIC runs separate deposit-insurance and policy-owner protection schemes that apply only on insurer or bank failure.\nMAS \u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u65b0\u52a0\u5761\u7684\u4eba\u5bff\u3001\u4e00\u822c\u3001\u7efc\u5408\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\u5e76\u8fdb\u884c\u76d1\u7ba1\uff0c\u91c7\u7528\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\u6846\u67b6\uff08\u901a\u77e5 133\uff09\uff1b\u65b0\u52a0\u5761\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08SDIC\uff09\u5206\u522b\u7ba1\u7406\u5b58\u6b3e\u4fdd\u9669\u548c\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\u8ba1\u5212\uff0c\u8fd9\u4e9b\u8ba1\u5212\u4ec5\u5728\u4fdd\u9669\u516c\u53f8\u6216\u94f6\u884c\u5012\u95ed\u65f6\u9002\u7528\u3002\n{\"aliases\":[\"MAS insurance regulation\",\"Singapore insurance supervision\",\"PPF Scheme\",\"Policy Owners Protection\"],\"classification_confidence\":\"medium\",\"classification_source\":\"domain-default\",\"document_id\":\"sgkb.economy-finance.insurance-and-mas-supervision\",\"document_sha256\":\"f2cf212a10b0961dbd94158de077ff373a510821f476c0277594cd6905f8d2de\",\"document_type\":\"article\",\"domain\":\"economy-finance\",\"entities\":[\"sg.agency.mas\",\"sg.organisation.sdic\"],\"facets\":[\"business\",\"geography\",\"institution\",\"law\",\"policy\"],\"geographic_scope\":[\"national\",\"international\"],\"jurisdiction\":\"SG\",\"language\":\"en\",\"last_verified\":\"2026-10-14\",\"path\":\"economy-finance\\\/insurance-and-mas-supervision.md\",\"related\":[],\"sources\":[{\"accessed\":\"2026-10-14\",\"title\":\"MAS \u2014 Notice 133 Valuation and Capital Framework for Insurers\",\"url\":\"https:\\\/\\\/www.mas.gov.sg\\\/regulation\\\/notices\\\/notice-133\"},{\"accessed\":\"2026-10-14\",\"title\":\"MAS \u2014 Financial Institutions Directory: Insurance sector\",\"url\":\"https:\\\/\\\/eservices.mas.gov.sg\\\/fid\\\/institution?count=0&sector=Insurance\"},{\"accessed\":\"2026-10-14\",\"title\":\"SDIC \u2014 Deposit Insurance and Policy Owners' Protection schemes\",\"url\":\"https:\\\/\\\/www.sdic.org.sg\\\/\"},{\"accessed\":\"2026-10-14\",\"title\":\"MAS \u2014 Compliance Toolkit for Direct Insurers and Reinsurers\",\"url\":\"https:\\\/\\\/www.mas.gov.sg\\\/-\\\/media\\\/mas-media-library\\\/regulation\\\/guidance\\\/id\\\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf\"},{\"accessed\":\"2026-10-14\",\"title\":\"EDB \u2014 Why Singapore is Asia's economic powerhouse\",\"url\":\"https:\\\/\\\/www.edb.gov.sg\\\/en\\\/why-singapore\\\/an-economic-powerhouse.html\"},{\"accessed\":\"2026-10-14\",\"title\":\"MAS \u2014 Notice 133 (8 December 2025)\",\"url\":\"https:\\\/\\\/www.mas.gov.sg\\\/-\\\/media\\\/mas-media-library\\\/regulation\\\/notices\\\/id\\\/notice-133\\\/mas-notice-133_8-dec-2025.pdf\"}],\"status\":\"verified\",\"summary\":\"MAS licenses and supervises life, general, composite, reinsurance, captive and broker institutions in Singapore under the Insurance Act, using a risk-based capital framework (Notice 133); SDIC runs separate deposit-insurance and policy-owner protection schemes that apply only on insurer or bank failure.\",\"tags\":[\"finance-sector\",\"regulation\",\"policy\",\"concept\"],\"temporal_scope\":\"current\",\"title\":\"Insurance and MAS Supervision\",\"topics\":[\"sgtopic.economy\",\"sgtopic.economy.banking-fintech\",\"sgtopic.economy.insurance-regulation\"],\"volatility\":\"slow\"}\n# Insurance and MAS Supervision\n\n**Insurance in Singapore** is both a major financial-sector activity and a distinct prudential perimeter: the **Monetary Authority of Singapore (MAS)** licenses insurers, reinsurers, captives and insurance brokers, sets solvency and conduct requirements under the **Insurance Act**, and supervises institutions alongside banks and capital-markets firms ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133); [banking and financial hub](\/en\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)). Retail products range from **life and general insurance** sold by licensed insurers to **national healthcare schemes** administered under MOH and CPF rules ([medishield life](\/en\/knowledge\/article\/sgkb.healthcare.medishield-life), [careshield life](\/en\/knowledge\/article\/sgkb.healthcare.careshield-life)). This article covers **prudential regulation and failure-protection schemes**, not product comparison or claims handling.\n\n## Insurance as part of the financial hub\n\nEDB presents Singapore's financial centre as spanning banking, wealth and asset management, **insurance**, capital markets, payments and treasury activity for a regional and global client base ([EDB, accessed Oct 2026](https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html)). Insurers use Singapore as a hub for underwriting, reinsurance, captive structures, regional headquarters functions and specialist brokers. MAS lists insurance-sector institutions in its **Financial Institutions Directory** under licence categories such as **Direct Insurer (Life)**, **Direct Insurer (General)**, **Direct Insurer (Composite)**, **Reinsurer**, **Captive Insurer**, **Approved Insurance Broker**, **Registered Insurance Broker**, **Authorised Reinsurer** and **Representative Office (Insurance)** ([MAS FID insurance sector, accessed Oct 2026](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)). As with banking, **institution listings, licence types and corporate groups answer different questions**; a single group may hold multiple permissions.\n\n## MAS licensing and what it does not guarantee\n\nMAS admission as a **licensed insurer** or **broker** means the firm must meet ongoing capital, governance, reporting and conduct rules \u2014 not that every policy sold is government-guaranteed or that investment returns are assured. MAS's **Compliance Toolkit for Direct Insurers and Reinsurers** maps licensing applications, prudential returns, valuation and capital reporting, and related submissions, and states that many filings moved to the **MAS\u2013Financial Institutions Transactions Platform (MAS-Tx)** from 2024 ([MAS compliance toolkit, revised 12 November 2025](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf)). Supervision sits in the same integrated authority as monetary policy and banking oversight ([mas and monetary policy](\/en\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)), but **insurance product terms** (premiums, exclusions, riders) remain contract law between policyholder and insurer unless a separate statute applies.\n\n## Risk-based capital: Notice 133 (RBC 2)\n\n**MAS Notice 133 \u2014 Valuation and Capital Framework for Insurers** is the principal risk-based capital (RBC) notice for licensed insurers after the RBC 2 review. MAS states it sets mandatory requirements and guidelines on **supervisory intervention levels**, **valuation of policy liabilities** for life and general business, and calculation of **total risk requirements** and **financial resources**, consolidating material that previously sat in the Insurance (Valuation and Capital) Regulations 2004, Notice 319 and related guidance ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)). The notice applies to **direct insurers, reinsurers and captives** as listed on the MAS page, with differentiated sections for captives, marine mutual insurers and special purpose reinsurance vehicles.\n\nMAS published **MAS 133 (Amendment) 2025**, effective **1 January 2026**, and a further **MAS 133 (Amendment) 2026** taking effect **31 March 2026** ([MAS Notice 133 page, accessed Oct 2026](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)). At the higher intervention level, insurers must meet **prescribed capital requirements (PCR)** calibrated at **99.5% value-at-risk over one year**; at the lower level, **minimum capital requirements (MCR)** use **90% VaR**, with **MCR set at 50% of PCR** under the December 2025 notice text ([MAS Notice 133 PDF, 8 December 2025](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf)). Meeting PCR on a statutory return is **solvency regulation**, not a promise that an individual policy will pay a particular claim on time.\n\n## SDIC: deposit insurance versus policy owners' protection\n\nThe **Singapore Deposit Insurance Corporation (SDIC)** administers two schemes that apply **only when a member institution fails**, and must not be confused with everyday claims against a solvent insurer. Under the **Deposit Insurance (DI) Scheme**, insured deposits with a **member bank or finance company** are aggregated and insured up to **S$100,000** per depositor per member; CPFIS and CPFRS placements with a member bank are **separately** insured up to **S$100,000** ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). That protection covers **deposits**, not life policies.\n\nThe **Policy Owners' Protection (PPF) Scheme** covers **life** and certain **general** insurance policies when a **member life or general insurer fails**. SDIC states that life coverage is based on **guaranteed benefits** subject to **caps** (with exceptions for accident and health policies and riders), while general insurance coverage is **not capped** except where statute limits compulsory policies or specified motor and property-damage claims ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). SDIC is a company limited by guarantee whose board is accountable to the Minister in charge of MAS ([SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). **PPF is not MediShield Life, CareShield Life or CPF insurance** \u2014 those schemes have their own statutes and administrators ([medishield life](\/en\/knowledge\/article\/sgkb.healthcare.medishield-life), [careshield life](\/en\/knowledge\/article\/sgkb.healthcare.careshield-life), [cpf overview](\/en\/knowledge\/article\/sgkb.cpf-social-security.cpf-overview)).\n\n## Common mistakes when answering insurance questions\n\nRetrieval errors include treating **MAS licensing** as **full government backing of investment-linked returns**, assuming **SDIC PPF** pays claims while the insurer is still solvent, or quoting **bank deposit insurance limits** for **life policies**. Consumers who conflate **CASE mediation** with **insolvency protection** may expect a non-profit association to guarantee payouts when the real question is whether the insurer remains solvent and whether PPF membership applies ([case and dispute resolution](\/en\/knowledge\/article\/sgkb.consumer.case-and-dispute-resolution); [SDIC, accessed Oct 2026](https:\/\/www.sdic.org.sg\/)). Another mistake is blending **Notice 133 capital ratios** with **MOH healthcare insurance premiums**, **MediSave** balances, or **Integrated Shield Plan** rider rules \u2014 hospital financing sits under MOH and CPF administration, not insurer RBC returns ([integrated shield plans](\/en\/knowledge\/article\/sgkb.healthcare.integrated-shield-plans), [healthcare financing](\/en\/knowledge\/article\/sgkb.healthcare.healthcare-financing)). Finally, **authorised reinsurers** and **captives** serve different roles from retail **direct insurers**; directory labels in the MAS FID insurance sector should be read with their licence type, not collapsed into \u201call insurers are the same\u201d ([MAS FID insurance sector, accessed Oct 2026](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)). For banking licences and payment apps use [banking and financial hub](\/en\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub); for monetary policy use [mas and monetary policy](\/en\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy).\n# \u4fdd\u9669\u4e0e MAS \u76d1\u7ba1\n\n**\u65b0\u52a0\u5761\u4fdd\u9669\u4e1a**\u65e2\u662f\u91d1\u878d\u9886\u57df\u7684\u91cd\u8981\u6d3b\u52a8\uff0c\u4e5f\u662f\u4e00\u4e2a\u72ec\u7acb\u7684\u5ba1\u614e\u76d1\u7ba1\u8303\u56f4\uff1a**\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09**\u6839\u636e\u300a\u4fdd\u9669\u6cd5\u300b\u5411\u4fdd\u9669\u516c\u53f8\u3001\u518d\u4fdd\u9669\u516c\u53f8\u3001\u81ea\u4fdd\u4fdd\u9669\u673a\u6784\u548c\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784\u53d1\u724c\uff0c\u5236\u5b9a\u507f\u4ed8\u80fd\u529b\u548c\u4e1a\u52a1\u884c\u4e3a\u8981\u6c42\uff0c\u5e76\u4e0e\u94f6\u884c\u548c\u8d44\u672c\u5e02\u573a\u516c\u53f8\u4e00\u540c\u76d1\u7ba1\u8fd9\u4e9b\u673a\u6784\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff1b[\u94f6\u884c\u4e1a\u4e0e\u91d1\u878d\u4e2d\u5fc3](\/zh\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)\uff09\u3002\u96f6\u552e\u4ea7\u54c1\u5305\u62ec\u6301\u724c\u4fdd\u9669\u516c\u53f8\u9500\u552e\u7684**\u4eba\u5bff\u4fdd\u9669\u548c\u4e00\u822c\u4fdd\u9669**\uff0c\u4ee5\u53ca\u6839\u636e\u536b\u751f\u90e8\uff08MOH\uff09\u548c CPF \u89c4\u5219\u7ba1\u7406\u7684**\u56fd\u5bb6\u533b\u7597\u4fdd\u5065\u8ba1\u5212**\uff08[\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.medishield-life)\uff0c[\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.careshield-life)\uff09\u3002\u672c\u6587\u4ecb\u7ecd**\u5ba1\u614e\u76d1\u7ba1\u548c\u5012\u95ed\u4fdd\u969c\u8ba1\u5212**\uff0c\u4e0d\u6d89\u53ca\u4ea7\u54c1\u6bd4\u8f83\u6216\u7406\u8d54\u5904\u7406\u3002\n\n## \u4fdd\u9669\u4e1a\u4f5c\u4e3a\u91d1\u878d\u4e2d\u5fc3\u7684\u4e00\u90e8\u5206\n\n\u65b0\u52a0\u5761\u7ecf\u6d4e\u53d1\u5c55\u5c40\uff08EDB\uff09\u4ecb\u7ecd\uff0c\u65b0\u52a0\u5761\u91d1\u878d\u4e2d\u5fc3\u6db5\u76d6\u94f6\u884c\u4e1a\u3001\u8d22\u5bcc\u4e0e\u8d44\u4ea7\u7ba1\u7406\u3001**\u4fdd\u9669\u4e1a**\u3001\u8d44\u672c\u5e02\u573a\u3001\u652f\u4ed8\u548c\u8d44\u91d1\u7ba1\u7406\u6d3b\u52a8\uff0c\u670d\u52a1\u533a\u57df\u548c\u5168\u7403\u5ba2\u6237\uff08[EDB\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.edb.gov.sg\/en\/why-singapore\/an-economic-powerhouse.html)\uff09\u3002\u4fdd\u9669\u516c\u53f8\u4ee5\u65b0\u52a0\u5761\u4e3a\u67a2\u7ebd\u5f00\u5c55\u627f\u4fdd\u3001\u518d\u4fdd\u9669\u3001\u81ea\u4fdd\u4fdd\u9669\u67b6\u6784\u3001\u533a\u57df\u603b\u90e8\u804c\u80fd\u548c\u4e13\u4e1a\u7ecf\u7eaa\u4e1a\u52a1\u3002MAS \u5728\u5176**\u91d1\u878d\u673a\u6784\u76ee\u5f55**\u4e2d\u6309\u6267\u7167\u7c7b\u522b\u5217\u51fa\u4fdd\u9669\u4e1a\u673a\u6784\uff0c\u4f8b\u5982**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u4eba\u5bff\uff09**\u3001**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u4e00\u822c\uff09**\u3001**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\uff08\u7efc\u5408\uff09**\u3001**\u518d\u4fdd\u9669\u516c\u53f8**\u3001**\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\u3001**\u83b7\u6279\u51c6\u4fdd\u9669\u7ecf\u7eaa\u516c\u53f8**\u3001**\u6ce8\u518c\u4fdd\u9669\u7ecf\u7eaa\u516c\u53f8**\u3001**\u83b7\u6388\u6743\u518d\u4fdd\u9669\u516c\u53f8**\u548c**\u4ee3\u8868\u5904\uff08\u4fdd\u9669\uff09**\uff08[MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)\uff09\u3002\u4e0e\u94f6\u884c\u4e1a\u4e00\u6837\uff0c**\u673a\u6784\u540d\u5f55\u3001\u6267\u7167\u7c7b\u578b\u548c\u4f01\u4e1a\u96c6\u56e2\u56de\u7b54\u7684\u662f\u4e0d\u540c\u95ee\u9898**\uff1b\u4e00\u4e2a\u96c6\u56e2\u53ef\u80fd\u6301\u6709\u591a\u9879\u8bb8\u53ef\u3002\n\n## MAS \u53d1\u724c\u53ca\u5176\u4e0d\u4ee3\u8868\u4ec0\u4e48\n\n\u83b7 MAS \u51c6\u8bb8\u6210\u4e3a**\u6301\u724c\u4fdd\u9669\u516c\u53f8**\u6216**\u4fdd\u9669\u7ecf\u7eaa\u673a\u6784**\uff0c\u610f\u5473\u7740\u8be5\u516c\u53f8\u5fc5\u987b\u6301\u7eed\u9075\u5b88\u8d44\u672c\u3001\u6cbb\u7406\u3001\u62a5\u544a\u548c\u4e1a\u52a1\u884c\u4e3a\u89c4\u5219\uff1b\u8fd9\u5e76\u4e0d\u610f\u5473\u7740\u6240\u552e\u6bcf\u4efd\u4fdd\u5355\u90fd\u7531\u653f\u5e9c\u62c5\u4fdd\uff0c\u4e5f\u4e0d\u4fdd\u8bc1\u6295\u8d44\u56de\u62a5\u3002MAS \u7684**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\u548c\u518d\u4fdd\u9669\u516c\u53f8\u5408\u89c4\u5de5\u5177\u5305**\u8bf4\u660e\u53d1\u724c\u7533\u8bf7\u3001\u5ba1\u614e\u76d1\u7ba1\u7533\u62a5\u3001\u4f30\u503c\u548c\u8d44\u672c\u62a5\u544a\u53ca\u76f8\u5173\u63d0\u4ea4\u8981\u6c42\uff0c\u5e76\u6307\u51fa\u8bb8\u591a\u7533\u62a5\u81ea 2024 \u5e74\u8d77\u8f6c\u5230**MAS\u2014\u91d1\u878d\u673a\u6784\u4ea4\u6613\u5e73\u53f0\uff08MAS-Tx\uff09**\uff08[MAS \u5408\u89c4\u5de5\u5177\u5305\uff0c2025 \u5e74\u5341\u4e00\u6708 12 \u65e5\u4fee\u8ba2](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/guidance\/id\/compliance-toolkit-for-direct-insurers-and-reinsurers_12112025.pdf)\uff09\u3002\u4fdd\u9669\u76d1\u7ba1\u4e0e\u8d27\u5e01\u653f\u7b56\u548c\u94f6\u884c\u76d1\u7ba1\u7531\u540c\u4e00\u7efc\u5408\u76d1\u7ba1\u673a\u6784\u8d1f\u8d23\uff08[MAS \u4e0e\u8d27\u5e01\u653f\u7b56](\/zh\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)\uff09\uff0c\u4f46**\u4fdd\u9669\u4ea7\u54c1\u6761\u6b3e**\uff08\u4fdd\u8d39\u3001\u9664\u5916\u8d23\u4efb\u3001\u9644\u52a0\u9669\uff09\u4ecd\u662f\u4fdd\u5355\u6301\u6709\u4eba\u4e0e\u4fdd\u9669\u516c\u53f8\u4e4b\u95f4\u53d7\u5408\u540c\u6cd5\u7ea6\u675f\u7684\u4e8b\u9879\uff0c\u9664\u975e\u53e6\u6709\u6cd5\u89c4\u9002\u7528\u3002\n\n## \u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\uff1a\u901a\u77e5 133\uff08RBC 2\uff09\n\n**MAS \u901a\u77e5 133\u2014\u2014\u4fdd\u9669\u516c\u53f8\u7684\u4f30\u503c\u548c\u8d44\u672c\u6846\u67b6**\u662f RBC 2 \u68c0\u8ba8\u540e\u6301\u724c\u4fdd\u9669\u516c\u53f8\u7684\u4e3b\u8981\u57fa\u4e8e\u98ce\u9669\u7684\u8d44\u672c\uff08RBC\uff09\u901a\u77e5\u3002MAS \u8868\u793a\uff0c\u8be5\u901a\u77e5\u89c4\u5b9a\u4e86\u5173\u4e8e**\u76d1\u7ba1\u5e72\u9884\u6c34\u5e73**\u3001\u5bff\u9669\u548c\u4e00\u822c\u4fdd\u9669\u4e1a\u52a1\u7684**\u4fdd\u5355\u8d1f\u503a\u4f30\u503c**\uff0c\u4ee5\u53ca**\u603b\u98ce\u9669\u8981\u6c42**\u548c**\u8d22\u52a1\u8d44\u6e90**\u8ba1\u7b97\u7684\u5f3a\u5236\u8981\u6c42\u548c\u6307\u5f15\uff0c\u5e76\u6574\u5408\u4e86\u5148\u524d\u8f7d\u4e8e\u300a2004 \u5e74\u4fdd\u9669\uff08\u4f30\u503c\u4e0e\u8d44\u672c\uff09\u6761\u4f8b\u300b\u3001\u901a\u77e5 319 \u53ca\u76f8\u5173\u6307\u5f15\u4e2d\u7684\u6750\u6599\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff09\u3002\u6839\u636e MAS \u9875\u9762\u6240\u5217\uff0c\u8be5\u901a\u77e5\u9002\u7528\u4e8e**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8\u3001\u518d\u4fdd\u9669\u516c\u53f8\u548c\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\uff0c\u5e76\u5bf9\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8\u3001\u6d77\u4e8b\u4e92\u4fdd\u4fdd\u9669\u516c\u53f8\u548c\u7279\u6b8a\u76ee\u7684\u518d\u4fdd\u9669\u5de5\u5177\u8bbe\u6709\u4e0d\u540c\u7ae0\u8282\u3002\n\nMAS \u53d1\u5e03\u4e86**MAS 133\uff082025 \u5e74\u4fee\u8ba2\uff09**\uff0c\u81ea**2026 \u5e74\u4e00\u6708 1 \u65e5**\u8d77\u751f\u6548\uff0c\u5e76\u8fdb\u4e00\u6b65\u53d1\u5e03\u4e86**MAS 133\uff082026 \u5e74\u4fee\u8ba2\uff09**\uff0c\u81ea**2026 \u5e74\u4e09\u6708 31 \u65e5**\u8d77\u751f\u6548\uff08[MAS \u901a\u77e5 133 \u9875\u9762\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.mas.gov.sg\/regulation\/notices\/notice-133)\uff09\u3002\u5728\u8f83\u9ad8\u5e72\u9884\u6c34\u5e73\uff0c\u4fdd\u9669\u516c\u53f8\u5fc5\u987b\u6ee1\u8db3\u6309**\u4e00\u5e74\u671f 99.5% \u98ce\u9669\u4ef7\u503c**\u6821\u51c6\u7684**\u89c4\u5b9a\u8d44\u672c\u8981\u6c42\uff08PCR\uff09**\uff1b\u5728\u8f83\u4f4e\u6c34\u5e73\uff0c**\u6700\u4f4e\u8d44\u672c\u8981\u6c42\uff08MCR\uff09**\u91c7\u7528**90% VaR**\uff0c\u5e76\u6839\u636e 2025 \u5e74\u5341\u4e8c\u6708\u7684\u901a\u77e5\u6587\u672c\uff0c**MCR \u5b9a\u4e3a PCR \u7684 50%**\uff08[MAS \u901a\u77e5 133 PDF\uff0c2025 \u5e74\u5341\u4e8c\u6708 8 \u65e5](https:\/\/www.mas.gov.sg\/-\/media\/mas-media-library\/regulation\/notices\/id\/notice-133\/mas-notice-133_8-dec-2025.pdf)\uff09\u3002\u5728\u6cd5\u5b9a\u7533\u62a5\u4e2d\u8fbe\u5230 PCR \u5c5e\u4e8e**\u507f\u4ed8\u80fd\u529b\u76d1\u7ba1**\uff0c\u5e76\u4e0d\u4ee3\u8868\u627f\u8bfa\u67d0\u4efd\u4fdd\u5355\u7684\u7279\u5b9a\u7d22\u8d54\u4f1a\u5728\u7279\u5b9a\u65f6\u95f4\u83b7\u8d54\u3002\n\n## SDIC\uff1a\u5b58\u6b3e\u4fdd\u9669\u4e0e\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\n\n**\u65b0\u52a0\u5761\u5b58\u6b3e\u4fdd\u9669\u516c\u53f8\uff08SDIC\uff09**\u7ba1\u7406\u4e24\u9879\u8ba1\u5212\uff0c**\u4ec5\u5728\u6210\u5458\u673a\u6784\u5012\u95ed\u65f6**\u9002\u7528\uff0c\u4e0d\u80fd\u4e0e\u5bf9\u4ecd\u6709\u507f\u4ed8\u80fd\u529b\u7684\u4fdd\u9669\u516c\u53f8\u63d0\u51fa\u7684\u65e5\u5e38\u7d22\u8d54\u6df7\u4e3a\u4e00\u8c08\u3002\u6839\u636e**\u5b58\u6b3e\u4fdd\u9669\uff08DI\uff09\u8ba1\u5212**\uff0c\u5b58\u653e\u4e8e**\u6210\u5458\u94f6\u884c\u6216\u91d1\u878d\u516c\u53f8**\u7684\u53d7\u4fdd\u5b58\u6b3e\u6309\u6bcf\u4f4d\u5b58\u6b3e\u4eba\u3001\u6bcf\u5bb6\u6210\u5458\u673a\u6784\u6c47\u603b\u8ba1\u7b97\uff0c\u4fdd\u969c\u4e0a\u9650\u4e3a **S$100,000**\uff1b\u5b58\u653e\u4e8e\u6210\u5458\u94f6\u884c\u7684 CPFIS \u548c CPFRS \u6b3e\u9879\u5219**\u53e6\u884c**\u53d7\u4fdd\uff0c\u4fdd\u969c\u4e0a\u9650\u4e3a **S$100,000**\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002\u8be5\u4fdd\u969c\u6db5\u76d6**\u5b58\u6b3e**\uff0c\u4e0d\u6db5\u76d6\u4eba\u5bff\u4fdd\u5355\u3002\n\n**\u4fdd\u5355\u6301\u6709\u4eba\u4fdd\u969c\uff08PPF\uff09\u8ba1\u5212**\u5728**\u6210\u5458\u4eba\u5bff\u6216\u4e00\u822c\u4fdd\u9669\u516c\u53f8\u5012\u95ed\u65f6**\uff0c\u4fdd\u969c**\u4eba\u5bff\u4fdd\u9669**\u548c\u67d0\u4e9b**\u4e00\u822c\u4fdd\u9669**\u4fdd\u5355\u3002SDIC \u8868\u793a\uff0c\u4eba\u5bff\u4fdd\u9669\u4fdd\u969c\u4ee5**\u4fdd\u8bc1\u5229\u76ca**\u4e3a\u57fa\u7840\u5e76\u8bbe\u6709**\u4e0a\u9650**\uff08\u610f\u5916\u548c\u5065\u5eb7\u4fdd\u5355\u53ca\u9644\u52a0\u9669\u9664\u5916\uff09\uff1b\u4e00\u822c\u4fdd\u9669\u4fdd\u969c**\u6ca1\u6709\u4e0a\u9650**\uff0c\u4f46\u6cd5\u5f8b\u5bf9\u5f3a\u5236\u4fdd\u9669\u6216\u6307\u5b9a\u673a\u52a8\u8f66\u548c\u8d22\u4ea7\u635f\u5931\u7d22\u8d54\u8bbe\u6709\u9650\u5236\u7684\u60c5\u51b5\u9664\u5916\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002SDIC \u662f\u4e00\u5bb6\u62c5\u4fdd\u6709\u9650\u516c\u53f8\uff0c\u5176\u8463\u4e8b\u4f1a\u5411\u8d1f\u8d23 MAS \u7684\u90e8\u957f\u8d1f\u8d23\uff08[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002**PPF \u4e0d\u7b49\u540c\u4e8e\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212\u3001\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212\u6216 CPF \u4fdd\u9669**\u2014\u2014\u8fd9\u4e9b\u8ba1\u5212\u5404\u6709\u81ea\u5df1\u7684\u6cd5\u89c4\u548c\u7ba1\u7406\u673a\u6784\uff08[\u7ec8\u8eab\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.medishield-life)\uff0c[\u7ec8\u8eab\u62a4\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.careshield-life)\uff0c[CPF \u6982\u89c8](\/zh\/knowledge\/article\/sgkb.cpf-social-security.cpf-overview)\uff09\u3002\n\n## \u56de\u7b54\u4fdd\u9669\u95ee\u9898\u65f6\u7684\u5e38\u89c1\u9519\u8bef\n\n\u68c0\u7d22\u9519\u8bef\u5305\u62ec\u628a **MAS \u53d1\u724c**\u5f53\u6210**\u653f\u5e9c\u5bf9\u6295\u8d44\u6302\u94a9\u56de\u62a5\u7684\u5168\u9762\u62c5\u4fdd**\uff0c\u5047\u8bbe **SDIC PPF** \u4f1a\u5728\u4fdd\u9669\u516c\u53f8\u4ecd\u6709\u507f\u4ed8\u80fd\u529b\u65f6\u652f\u4ed8\u7d22\u8d54\uff0c\u6216\u628a**\u94f6\u884c\u5b58\u6b3e\u4fdd\u9669\u9650\u989d**\u7528\u4e8e**\u4eba\u5bff\u4fdd\u5355**\u3002\u628a **CASE \u8c03\u89e3**\u4e0e**\u5012\u95ed\u4fdd\u969c**\u6df7\u4e3a\u4e00\u8c08\u7684\u6d88\u8d39\u8005\uff0c\u53ef\u80fd\u4f1a\u8bef\u4ee5\u4e3a\u975e\u8425\u5229\u534f\u4f1a\u4f1a\u4fdd\u969c\u8d54\u4ed8\uff1b\u5b9e\u9645\u8981\u770b\u7684\u662f\u4fdd\u9669\u516c\u53f8\u662f\u5426\u4ecd\u6709\u507f\u4ed8\u80fd\u529b\uff0c\u4ee5\u53ca\u662f\u5426\u9002\u7528 PPF \u4f1a\u5458\u8d44\u683c\uff08[CASE \u4e0e\u4e89\u8bae\u89e3\u51b3](\/zh\/knowledge\/article\/sgkb.consumer.case-and-dispute-resolution)\uff1b[SDIC\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/www.sdic.org.sg\/)\uff09\u3002\u53e6\u4e00\u4e2a\u9519\u8bef\u662f\u5c06**\u901a\u77e5 133 \u8d44\u672c\u6bd4\u7387**\u4e0e**\u536b\u751f\u90e8\u533b\u7597\u4fdd\u9669\u4fdd\u8d39**\u3001**\u4fdd\u5065\u50a8\u84c4\u6237\u5934\uff08MediSave\uff09\u4f59\u989d**\u6216**\u7efc\u5408\u5065\u4fdd\u8ba1\u5212\uff08Integrated Shield Plan\uff09\u9644\u52a0\u9669\u89c4\u5219**\u6df7\u4e3a\u4e00\u8c08\u2014\u2014\u4f4f\u9662\u533b\u7597\u878d\u8d44\u7531\u536b\u751f\u90e8\u548c CPF \u7ba1\u7406\uff0c\u5e76\u975e\u4fdd\u9669\u516c\u53f8 RBC \u7533\u62a5\u7684\u4e00\u90e8\u5206\uff08[\u7efc\u5408\u5065\u4fdd\u8ba1\u5212](\/zh\/knowledge\/article\/sgkb.healthcare.integrated-shield-plans)\uff0c[\u533b\u7597\u4fdd\u5065\u878d\u8d44](\/zh\/knowledge\/article\/sgkb.healthcare.healthcare-financing)\uff09\u3002\u6700\u540e\uff0c**\u83b7\u6388\u6743\u518d\u4fdd\u9669\u516c\u53f8**\u548c**\u81ea\u4fdd\u4fdd\u9669\u516c\u53f8**\u7684\u804c\u80fd\u4e0d\u540c\u4e8e\u9762\u5411\u96f6\u552e\u5ba2\u6237\u7684**\u76f4\u63a5\u4fdd\u9669\u516c\u53f8**\uff1b\u9605\u8bfb MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\u7684\u6807\u7b7e\u65f6\u5e94\u7ed3\u5408\u5176\u6267\u7167\u7c7b\u578b\uff0c\u4e0d\u8981\u4e00\u6982\u79f0\u4e3a\u201c\u4fdd\u9669\u516c\u53f8\u90fd\u4e00\u6837\u201d\uff08[MAS \u91d1\u878d\u673a\u6784\u76ee\u5f55\u4fdd\u9669\u4e1a\uff0c\u67e5\u9605\u4e8e 2026 \u5e74\u5341\u6708](https:\/\/eservices.mas.gov.sg\/fid\/institution?count=0&sector=Insurance)\uff09\u3002\u5173\u4e8e\u94f6\u884c\u6267\u7167\u548c\u652f\u4ed8\u5e94\u7528\uff0c\u8bf7\u53c2\u9605[\u94f6\u884c\u4e1a\u4e0e\u91d1\u878d\u4e2d\u5fc3](\/zh\/knowledge\/article\/sgkb.economy-finance.banking-and-financial-hub)\uff1b\u5173\u4e8e\u8d27\u5e01\u653f\u7b56\uff0c\u8bf7\u53c2\u9605[MAS \u4e0e\u8d27\u5e01\u653f\u7b56](\/zh\/knowledge\/article\/sgkb.economy-finance.mas-and-monetary-policy)\u3002"},"related":[{"id":12719,"source_id":"sgkb.economy-finance.banking-and-financial-hub","kind":"article","title_en":"Banking and the Financial Hub","title_zh":"\u94f6\u884c\u4e1a\u4e0e\u91d1\u878d\u4e2d\u5fc3"},{"id":12569,"source_id":"sgkb.data.insurance-regulation-anchors","kind":"dataset","title_en":"Insurance Regulation and Protection 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