Regulatory Alerts2025-09-29
Added
Notice 321 Direct Purchase Insurance Products
The Monetary Authority of Singapore issued Notice 321 to establish requirements for direct life and composite insurers to manufacture and offer direct purchase insurance products. The notice specifies the conditions under which these products must be offered, along with strict guidelines for naming, pricing, re-pricing, and necessary product features. These regulations apply to all direct life insurers except those classified with defined market segments in the Financial Institution Directory.
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