Get the free Product Disclosure Statement - Online Travel Insurance

Combined Product Disclosure Statement (including Policy Wording) and Financial Services Guide EFFECTIVE 20 October 2015 I Content PART 1: PRODUCT DISCLOSURE STATEMENT 2 OUR DEFINITIONS 3 PURCHASING

How to fill out product disclosure statement

How to fill out a product disclosure statement:

1. Gather all relevant information: Before starting to fill out a product disclosure statement (PDS), collect all the necessary information about the product or service being disclosed. This may include details about the features, benefits, risks, fees, and terms and conditions associated with the product.
2. Identify the target audience: Determine the specific audience for whom the PDS is intended. This could include potential customers, investors, or stakeholders who need to be informed about the product or service.
3. Structure the PDS: Organize the PDS in a clear and logical way. Start with an introduction, followed by sections that cover different aspects of the product or service. Use headings, subheadings, and bullet points to highlight important information and improve readability.
4. Describe the product or service: Provide a comprehensive and accurate description of the product or service being disclosed. Explain its purpose, benefits, and potential risks or limitations. Use clear and straightforward language to ensure easy understanding by the intended audience.
5. Outline the terms and conditions: Clearly outline the terms and conditions associated with the product or service. Include details about any fees, charges, payment options, and duration of the offering. Make sure to disclose any limitations or exclusions that may apply.
6. Highlight risks and disclaimers: Clearly state any potential risks or uncertainties associated with the product or service. This helps set realistic expectations for the audience and ensures transparency. Include any disclaimers or warnings that may be necessary.
7. Provide contact information: Include contact details for further inquiries or assistance. This could be a phone number, email address, or website where customers or investors can reach out for more information or clarifications.
8. Review and revise: Before finalizing the PDS, review it thoroughly to ensure accuracy, completeness, and compliance with relevant regulations or guidelines. Seek feedback from experts or colleagues if necessary. Revise any sections that may require clarification or improvement.

Who needs a product disclosure statement?

1. Financial Institutions: Banks, insurance companies, and other financial institutions are required to provide a product disclosure statement when offering financial products or services to their customers. This ensures that customers are well-informed about the features, benefits, fees, and risks associated with the offered products.
2. Investment Companies: Companies involved in offering investment opportunities, such as mutual funds, stocks, or bonds, need to provide a product disclosure statement to potential investors. This helps investors make informed decisions by providing them with relevant information about the investment products.
3. Service Providers: Businesses offering services such as telecommunications, energy, or subscription-based services may also need to provide a product disclosure statement. This ensures that customers are aware of the terms, conditions, fees, and limitations associated with the services they are availing.

In summary, filling out a product disclosure statement involves gathering relevant information, structuring the document effectively, providing accurate descriptions and terms, highlighting risks and disclaimers, and including contact information. Financial institutions, investment companies, and service providers are among those who typically need to provide a product disclosure statement.

For pdfFiller’s FAQs

How can I manage my product disclosure statement directly from Gmail?

It's easy to use pdfFiller's Gmail add-on to make and edit your product disclosure statement and any other documents you get right in your email. You can also eSign them. Take a look at the Google Workspace Marketplace and get pdfFiller for Gmail. Get rid of the time-consuming steps and easily manage your documents and eSignatures with the help of an app.

How can I send product disclosure statement for eSignature?

When you're ready to share your product disclosure statement, you can send it to other people and get the eSigned document back just as quickly. Share your PDF by email, fax, text message, or USPS mail. You can also notarize your PDF on the web. You don't have to leave your account to do this.

Can I sign the product disclosure statement electronically in Chrome?

Yes. By adding the solution to your Chrome browser, you may use pdfFiller to eSign documents while also enjoying all of the PDF editor's capabilities in one spot. Create a legally enforceable eSignature by sketching, typing, or uploading a photo of your handwritten signature using the extension. Whatever option you select, you'll be able to eSign your product disclosure statement in seconds.

What is product disclosure statement?

A product disclosure statement is a document that provides information about a financial product or service to help consumers make informed decisions.

Who is required to file product disclosure statement?

Financial institutions and organizations offering financial products or services are required to file a product disclosure statement.

How to fill out product disclosure statement?

To fill out a product disclosure statement, gather all relevant information about the financial product or service being offered and follow the guidelines provided by the regulatory authorities.

What is the purpose of product disclosure statement?

The purpose of a product disclosure statement is to ensure that consumers have access to important information about a financial product or service before making a decision to purchase or invest.

What information must be reported on product disclosure statement?

Information such as fees, charges, risks, and terms and conditions of the financial product or service must be reported on a product disclosure statement.