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Anonymous

09 Jun 2022

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Hi. The Guaranteed Surrender Value of my endowment plan is 100%. Does that mean even if the insurance company go bust, i will get my principal back?

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Tan Choong Hwee

10 Jun 2022

Investor/Trader at Home

100% guaranteed surrender value simply means capital guaranteed.

When the insurance company goes bust, it is handled under the SDIC PPF Scheme:

https://www.sdic.org.sg/public/pp_overview

Whether you get back your principal is subjected to SDIC PPF entitlement:

https://www.sdic.org.sg/calc/pop_calc

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Does Raffles Health insurance shield plans only cover hospitalization claims for Raffles Medical? Can I get this plan even if I don't go to raffles medical in case I get hospitalized?

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