Product sales data: policy and business FAQs

• top-up premiums (on existing policies), increments or policy renewals
• re-investments to an existing contract
• future policy alterations such as converting a critical illness contract to a long-term care insurance contract in the future

If your company only writes general insurance contracts, or is only involved in writing top-up business, effecting policy renewals, or altering policies, you will not need to report PSD.
In addition, firms closed to new business are also excluded from PSD reporting, although for mortgages PSD007 will still need to be reported.
 

Further guidance on the products and their definitions can be found in the Handbook, SUP 16.11 Annex 20G and in the Handbook Glossary.

The required reporting fields can be found in the relevant data reference guides.