2021-11-10

INS.R.2.3 – Amount of Protection Afforded Life Policies

The Financial Conduct Authority issued INS.R.2.3 to define the required amount of protection for life insurance policies, establishing clear coverage thresholds and calculation standards. The rule mandates that insurers apply updated valuation methodologies to determine policyholder protection levels, ensuring consistent financial safeguards across the sector. Updated on November 1, 2024, these provisions standardize compliance reporting and clarify eligibility criteria for existing life policy contracts.

Namibia

Namibia Financial Institutions Supervisory Authority

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Create Date November 10, 2021

Last Updated November 1, 2024

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