Unique identification numbers for insurance products are mandatory before marketing, with separate numbers required for revised products.

Marketing of an insurance product is prohibited unless a Unique Identification Number (UIN) has been allotted. A modified or revised existing product must receive a separate UIN that clearly identifies it as a revised version of an earlier product. Each IIO must devise and submit its methodology or algorithm for issuing UINs, and that methodology or algorithm cannot subsequently be changed.

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