North American Product Classification System (NAPCS) Canada 2017 Version 2.0

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North American Product Classification System (NAPCS) Canada 2017 Version 2.0
Introduction
Hierarchical structure

762 - Pension and life insurance products

This group comprises pension and annuity products; and life insurance products.

76212 - Life insurance products

This class comprises underwriting services of insurance policies which provide for the payment of claims to beneficiaries contingent upon the death of the insured individual or upon the maturation of the policy. Policies may provide pure protection or may also contain a savings component. Policies may cover individuals or members of groups.

  • Exclusion(s)

    • accidental death insurance services (See 7631121 Accident insurance products)

762121 - Life insurance products

This subclass comprises underwriting services of insurance policies which provide for the payment of claims to beneficiaries contingent upon the death of the insured individual or upon the maturation of the policy. Policies may provide pure protection or may also contain a savings component. Policies may cover individuals or members of groups.

  • Exclusion(s)

    • accidental death insurance services (See 7631121 Accident insurance products)
7621211 - Life insurance products

Underwriting services of insurance policies which provide for the payment of claims to beneficiaries contingent upon the death of the insured individual or upon the maturation of the policy. Policies may provide pure protection or may also contain a savings component. Policies may cover individuals or members of groups.

  • Illustrative example(s)

    • credit balance life insurance policy underwriting services
    • key person life insurance policy underwriting services
    • mortgage life insurance policy underwriting services
    • participating life insurance policy underwriting services
    • permanent life insurance policy underwriting services
    • term life insurance policy underwriting services
    • universal life insurance policy underwriting services
    • whole life insurance policy underwriting services

    All examples

  • Exclusion(s)

    • accidental death insurance services (See 7631121 Accident insurance products)
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