The Securities and Exchange Commission of Pakistan has issued a directive establishing requirements for selling life insurance savings products through technology-based distribution channels, setting out updated onboarding, pricing and investment conditions for digitally distributed products. The framework rationalises customer onboarding requirements, mandates a low charge structure, and requires investments to be made in low-risk instruments. Insurers must offer at least one life insurance savings product via a website or mobile app and also through an independent platform within one year, enabling distribution through channels such as digital banks, telecommunication operators and web aggregators. The directive is issued via S.R.O. 356(1)/2025.
Securites & Exchange Commission of Pakistan 2025-03-13
Securities and Exchange Commission of Pakistan issues directive governing digital sales of life insurance savings products
The Securities and Exchange Commission of Pakistan has issued a directive for selling life insurance savings products through technology-based channels, detailing updated onboarding, pricing, and investment conditions. The framework mandates low charge structures and investments in low-risk instruments, requiring insurers to offer products via websites, mobile apps, and independent platforms within a year. The directive is issued via S.R.O. 356(1)/2025.