What is pds in insurance?

Pds refers to or stands for the Product Disclosure Statement is in insurance which provides you the information of insurance policy whether what is covered in policy or not under the insurance policy. It contains all the terms and conditions which will show you the power and effectiveness of that policy which you have purchased. It is a document which recommends you the information of the products. The main motive of the product disclosure statement is to reveal the information about the policy which helps the people to make decisions about buying a product financially.
The main feature of the product disclosure statement is that it is the government policy which is very effective in making the fast and right decision. The other feature of the product disclosure statement is to help in supplying the food and other required things in some states and places of the country. And the food and required things supplied to them is from the surplus money.