General Insurance to Offer Unit-linked Products Soon

By Editorial Team 14/08/2019
Summary

General insurance companies may soon offer unit-linked products, which combine insurance and investment, as the Financial Services Authority (OJK) had formulated regulations related to the general insurance business in the Investment-Related Insurance Products (PAYDI).

The financial watchdog has completed the circular letter draft related to PAYDI in April 2019 and has received feedback from the general insurance industry. The draft only needs approval from OJK Chief Executive of Non-Bank Financial Industry, Riswinandi, to be passed.

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