Guidelines On Applications For Approval Of New And Repackaged Life Insurance Products

All life insurance contracts should provide for Settlement Options for the benefit proceeds payable at maturity or at death. This provision will describe the policy owner’s right to select the terms on which the insurer will pay a lump sum and/or periodic annuity benefit. 

Procedures to Follow

Not Avaiable

Responsible Institution

National Insurance Commission


Relevant Forms to Download

Not Available

Fees & Charges

Not Avaiable