Notice 302 Product Development and Pricing
Requirements for the development and pricing of life insurance products and investment-linked policy sub-funds.
This notice applies to all direct insurers licensed to carry on life business.
It sets out:
- Requirements on management oversight, controls and policies and procedures on pricing and product development.
- Prohibited payout features.
- Requirements on procedure for approval of new products.
- Guidelines for notifying MAS of new products launched.
Amendment Notes
- 29 Jun 2018
- Notice 302 (Amendment) 2018 (295.5 KB) takes effect on 2 Jul 2018.
- 30 Mar 2015
- Notice 302 (287.6 KB)[last revised on 30 Mar 2015]
Related to this Notice
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