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.