Amendments to Guidelines on the Online Distribution of Life Policies with No Advice [ID 01/17]

Circular No. ID 07/24 26 March 2024 To Chief Executives All Direct Life and Composite Insurers Dear Sir/Madam AMENDMENTS TO GUIDELINES ON THE ONLINE DISTRIBUTION OF LIFE POLICIES WITH NO ADVICE [ID 01/17] The Guidelines on the Online Distribution of Life Policies with No Advice [ID 01/17] set out the Authority’s expectations on the safeguards that direct life insurers should put in place for the online distribution of life policies without the provision of advice. 2 The Monetary Authority of Singapore (MAS) has revised the guidelines to remove or amend outdated references. 3 The amended Guidelines are available on MAS’ website at this link. 4 If you have further queries, please contact your company’s liaison officer in MAS. Thank you. Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT