2023-11-27
Added
The Monetary Authority of Singapore issued Notice 322 to mandate direct life insurers to submit specific product information for inclusion in the web aggregator. The notice details the required product disclosures, submission timelines, and methods for participating insurers. It applies to all direct life insurers except those classified with defined market segments in the Financial Institution Directory.
Notices
Last Revised Date: 27 November 2023
Notice 322 Information to be Submitted Relating to the Web Aggregator
Requirements on information that life insurers have to submit to the web aggregator.
Insurance Products and Business Types
Disclosures
Notifications
Issued pursuant to:
Insurance Act 1966 section 39
Applies to:
Direct Insurer (Life)
,
Direct Insurer (Composite)
View Notice
Notice 322 Information to be Submitted Relating to the Web Aggregator
(220 KB)
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:
The products for which an insurer should submit the required information for the purposes of the web aggregator.
When and how the insurer has to submit this information.
27 Nov 2023
Notice 322 (Amendment) 2023 (224.8 KB) takes effect.
29 Jun 2018
Notice 322 (Amendment) 2018 (322.5 KB) takes effect.
06 Apr 2015
Notice 322 dated 06 Apr 2015 (304.6 KB) [Cancelled with effect from 1 Jan 2016]
Informs insurers on the amendments to MAS Notice 322.
Informs all direct life and composite insurers on the finalisation of the FAIR changes and the key changes that have been implemented in relation to enhanced product disclosure.
Requirements and standards for life insurers as product providers.
Sets out the applicable fees for all direct life and composite insurers that participate in the web aggregator or compareFIRST.