facebookHi. is there a max amount i can claim for TPD and CI if i have fee policies with different insurers? - Seedly

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Anonymous

05 Jul 2022

Insurance

Hi. is there a max amount i can claim for TPD and CI if i have fee policies with different insurers?

Discussion (1)

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Elijah Lee

08 Jul 2022

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

Yes, there are absolute limits.

Assuming that you have declared your policies accordingly with the insurers when you were buying them over the years, there will tend to be an overall limit, any amount beyond which will be subjected to case by case approval.

If you are a Singapore resident, the limit varies by insurer but an example is as follows:

Insurer A:

TPD: $6M

CI: $3M

Another insurer B may have limits of

TPD: $5M

CI: $2M

These limits can be per insurer, or can be aggregated across all insurers. It all depends on the insurer's stance.

If in doubt, please check the specifics.

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