facebookRead in the news that AXA is selling Singapore business. What will happen to my shield plan if they are gone? - Seedly

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Anonymous

14 Aug 2020

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Insurance

Read in the news that AXA is selling Singapore business. What will happen to my shield plan if they are gone?

Do I have to undergo new underwriting from another insurer?

Discussion (5)

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Loh Tat Tian

13 Aug 2020

Founder at PolicyWoke (We Buy Insurance Policies)

Most likely case.

IF bought over by another insurer.

Terms and Conditions may change subject to the new insurerers, premium and all would change.

But generally the benefits would largely remain the same.

So there will be changes, but not a lot unless the insurer that bought over wants to make a lot of changes.

Underwriting unlikely to be done again as the plan is in force.

View 2 replies

Michael Wong

12 Aug 2020

Seedly Student Ambassador 2020/21 at Seedly

Your AXA Shield plan will not cancel. You will be serviced by whoever purchases the AXA business.

The company that will buy over AXA's business in Singapore will be the ones who will take over your ...

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