New Round of PDS Releases as Agreed Value IP Closes to New Business


APRA indicated late last year that it expected life companies to discontinue writing agreed value DII contracts by March 31 2020 (see: APRA Demands New Course for IP Sustainability).

Insurers have subsequently released new PDSs or SPDSs to reflect the cessation of offering new agreed value income protection policy options, as directed by the corporate regulator.

At the time of going to press those insurers releasing new PDSs include:

Meanwhile, insurers releasing Supplementary PDSs include: