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Anonymous

13 Aug 2020

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Hi there, in light of LIA making the changes to the CI definition on 26 Aug 2020, is there a cut off date before that to sign and settle all the contracts?

Or is it safe to say that I can just get back to my insurance agent with the relevant documents before 26 Aug and I will still be under the old definition for CI?

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Hariz Arthur Maloy

13 Aug 2020

Independent Financial Advisor at Promiseland Independent

Hi Anon, these are just some of the cut off dates for the insurers I work with. Some have already moved to the new framework. So just take note.

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Samuel Don Oh

13 Aug 2020

Hey there!

Do note that some insurer have a cut off date to accept applications for the old definitions before 26th August. For example, AIA's last submission date for CI applications under old definitions will be on the 20th August.

Financial planning is an integral part of life. You can reach me here to find out more.

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