1. Legal Status and Compliance Statement
Parnell Assurance Limited (“the Company”) is a 100% PNG-owned entity duly incorporated under the Companies Act 1997. We operate in strict accordance with the Insurance Act 1995 and the Life Insurance Act 2000 of Papua New Guinea.

The Company is committed to maintaining the highest standards of integrity, transparency, and professional skill as mandated by the Office of the Insurance Commissioner and the Bank of Papua New Guinea (BPNG).

2. Notice of Annullment of Prior Terms
Any and all prior digital agreements, website terms of service, or preliminary policy drafts issued under previous iterations of this web portal are hereby annulled and superseded by the current version of our Compliance Framework (effective as of May 2026).

Voided Agreements: This annulment specifically applies to any unauthorized or expired digital representations of our insurance products made by third-party aggregators or cached versions of this site.

Validity: Only policies issued directly through our verified portals or authorized agents at our Port Moresby headquarters (Waigani/Gordons) carry the full weight of Parnell Assurance’s indemnity.

3. Regulatory Adherence
In compliance with local data protection and financial services regulations:

Privacy: All client data is managed according to the confidentiality requirements of the Life Insurance Act 2000.

Consumer Rights: We adhere to the guidelines set forth by the Independent Consumer & Competition Commission (ICCC) regarding the fair treatment of policyholders.

Anti-Money Laundering (AML): Parnell Assurance Limited operates under the Anti-Money Laundering and Counter-Terrorism Financing Act 2015.

4. Contact for Compliance Inquiries
For verification of policy status or to report compliance concerns, please contact our legal and risk department:

Office Address: Unit 4A, Times Square Building, Wardstrip, Gordons, Port Moresby, NCD.

Phone: +675 342 1300 / +675 342 1301

Email: support@papngl.com