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

762 - Pension and life insurance products

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

76211 - Pension and annuity products

This class comprises underwriting services of plans which provide income payments at regular intervals to individuals or members of groups. Plans may require a single contribution or a series of contributions; may be compulsory or optional; may have nominal benefits determined in advance or dependent on the market value of aspects supporting the plan; and, if related to employment, may or may not be portable with a change in employment. The duration of the period during which benefits are paid may be fixed in terms of a minimum or maximum; there may or may not be survivors' benefits.

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)