Anonymous

26 Aug 2020

∙

How much does SDIC cover for insurance plans?

Just realized there is a difference in the protection scheme for bank saving accounts and this

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PolicyPal

26 Aug 2020

Official Account at PolicyPal

In Singapore, owners of life and general Insurance policies issued by insurers registered by MAS are protected under the Policy Owner's Protection Scheme (PPF). Policy owners can be individuals or entities (e.g. companies).

However, the protection amount is subject to certain limits based on the type of policies.

Generally, for individual life and voluntary group life policies, there is a cap of $500,000 for aggregated guaranteed sum assured & $100,000 for aggregated guaranteed surrender value per life assured per insurer.

You can refer to the SDIC page for a list of the entitlement for all types of life and

Do get in touch with us if you require more assistance.

general policies.

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