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Anonymous

11 Jun 2022

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Is my money safe if insurance company go bust? are there high risk investments in the participating fund that insurers invest?

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Tan Choong Hwee

11 Jun 2022

Solutions Specialist at Providend

Please read about SDIC PPF scheme on policy owners' protection when a SDIC PPF member goes bust:

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

Specifically read about:

Scope of Coverage: https://www.sdic.org.sg/public/pp_scope_of_coverage
PPF Entitlement: https://www.sdic.org.sg/calc/pop_calc

Do take note that insurance par funds are not supposed to invest in high risk instruments. You should read the policy documents or ask the agents to explain what the par fund invests in.

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