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Anonymous

19 Jul 2020

∙

Is it always cheaper to buy CI insurance (without ECI) from MoneyOwl than buying it directly from the insurer (direct purchase insurance)?

As above. Thank you!

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Duane Cheng

19 Jul 2020

Financial Consultant at Prudential Assurance Company Singapore

Hi there,

If you actually look at the options provided by MoneyOwl vs direct purchase insurance (DPI), there is a big difference in terms of the offerings provided.

DPIs that are usually bought direct from the insurer, are listed as DIRECT, in their policy name. In the case of MoneyOwl, those are still normal term policies, where you will be advised by a representative.

When there are no intermediaries involved, the cost will be lower compared to advisory based insurance. You can look here, to find out more details with regards to DPI, and the difference between the two.

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