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).

This notice applies to all direct life insurers, except those that are classified as life insurers with defined market segments in MAS' Financial Institution Directory.

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.

Amendment Notes

30 Mar 2015
Notice 321 dated 30 Mar 2015 (433.9 KB) [Cancelled with effect from 13 May 2016]