You will require this registration if you intend to carry on business as a life insurance company.
Life insurance companies issue or undertake liability under life policies that provide some form of payment after death. They also issue sinking fund policies that issue several payments over a period of time that is not dependent on death. This registration does not enable businesses to act as a friendly society, trade union or other business that provides superannuation, pensions or payments for employees upon retirement.
Please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
Please consult the Contact Officer or view the attached guidelines for more information regarding eligibility requirements.
General application fee: $80 000.
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Application for Registration of a Life Insurance Company - Please consult the Contact Officer for information on forms to be submitted.
Australian Prudential Regulation Authority
Life Insurance Act 1995 (Australian Government)
Life Insurance Regulations 1995 (Australian Government)
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