What the policy actually returned, after charges
Investment-linked policies are harder to assess honestly than almost anything else an advisor deals with, and not because the funds inside them are complicated.
The difficulty is that the fund's published performance and the client's actual return are two different numbers, and the gap between them is made of charges, premium phases, and the way allocation changes over the life of the policy. A client looking at a fund factsheet showing a good year can be genuinely puzzled that their statement doesn't agree. Both numbers are correct. They're measuring different things.
What it tracks
Policy terms
The structure of each client's policy, held alongside the holdings rather than in a PDF in a folder.
Fees and charges
The charges that sit between fund performance and client outcome. This is the whole point of the module — a return figure that hasn't accounted for them isn't the client's return.
Premium phases
ILPs commonly treat money differently at different stages of the policy. Tracking those phases explicitly is what makes an early-years figure meaningful instead of misleading.
A product library across providers
Products from different insurers, held in one library so they can be compared on a consistent basis — rather than comparing one company's brochure against another's, each presenting its numbers in whichever way flatters it most.
Why this matters for the conversation
Two situations come up constantly.
A client asks whether their policy is doing well. Without fee-aware tracking, the available answers are the fund's number (not theirs) or a hand-wave. With it, there's an actual answer.
A client is deciding between products. Comparing headline illustrations across insurers is close to meaningless. Comparing on a consistent, charges-included basis is a real comparison, and it's one clients can follow.
Where it connects
Policies tracked here link into Portfolios, so a client's insurance-linked holdings appear in the same picture as everything else they own, and into the Planner, so projections account for what the policy will actually pay.
Questions advisors ask
Why doesn't the fund's published return match what my client actually got?
Because they measure different things. The published figure is the fund's performance. The client's return is that, minus the policy's charges, and adjusted for how much of each premium was actually invested at each stage of the policy. Both numbers can be correct and still disagree — which is exactly why fee-aware tracking is the point of this module.
Can I compare ILPs from different insurers?
Yes. That is what the product library is for — holding products from different providers so they can be assessed on a consistent basis, rather than comparing one company's illustration against another's.
What are premium phases and why do they matter?
ILPs commonly treat money differently at different stages of a policy's life. Ignoring that makes early-year figures misleading, so the phases are tracked explicitly.
Does CORVIX sell insurance or take commission?
No. It sells no products, receives no commission from any provider, and has no preferred list. It computes what the numbers say; the recommendation stays entirely with the advisor.
Is this only relevant in Singapore?
Investment-linked policies exist in many markets under different names, and the tracking isn't Singapore-specific. The category is simply more common in Singapore and the surrounding region, which is where most of the demand for this comes from.