North American Product Classification System (NAPCS) Canada 2022 Version 1.0
- 762 - Pension and life insurance products
- 76211 - Pension and annuity products
- 762111 - Pension and annuity products
7621111 - Pension and annuity products
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.
Illustrative example(s)
- sale of annuities related to group pension plans
- sale of annuities related to individual pension plans
- underwriting services of group pension plans and annuities
- underwriting services of individual pension plans and annuities
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