Requirements for the development and pricing of life insurance products and investment-linked policy sub-funds.
Last Revised Date: 13 May 2016
Notice 321 Direct Purchase Insurance Products
Requirements for life insurers to manufacture and offer of direct purchase insurance (DPI).
It sets out:
- When a life insurer should manufacture and offer a direct purchase insurance (DPI).
- The requirements for naming, pricing, re-pricing and the necessary product features.