SBI 65.11.1—Activities of life insurance companies (not reinsurance)

Where 65.11.1 sits

1. L Financial and insurance activities
2. 65 Insurance, reinsurance and pension funding, except compulsory social security
3. 65.1 Insurance
4. 65.11 Life insurance
5. 65.11.1 Activities of life insurance companies (not reinsurance)

What 65.11.1 includes

• Temporary life insurance
• Permanent life insurance
• Taking out annuity and life insurance policies, disability insurance, term life insurance, funeral insurance (with a savings element) and accident insurance (with and without a substantial savings element)
• Supplementary insurance policies taken out in conjunction with life insurance, in particular insurance against personal injury, including disability, insurance against death resulting from an accident and insurance against invalidity resulting from an accident or illness
• Types of permanent health insurance policies that cannot be cancelled

What 65.11.1 excludes

• Activities of in-kind funeral insurers, 65112

65.11.1 in other systems