Anonymous

11 Jun 2022

∙

Hi. I read under PFF scheme SDIC will compensate if my insurance policy matured before the issuer fails. what if my policy maturity is after issuer fails does that mean i dun get any compensation?

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Tan Choong Hwee

11 Jun 2022

Solutions Specialist at Providend

If your policy maturity is after the issuer fails, it means that your policy is still intact, and there is no maturity benefits yet, therefore nothing to compensate. This situation would be dealt with under the "Transfer, Run-off or Termination" section of PPF Entitlement.

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