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Anonymous

20 Oct 2019

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What happens to the policies and death payouts if left unclaimed?

Policyholder bought some insurance policies, passed away but none of the family members knows what policies bought. The policyholder is single with no children, parents are no longer around but have 2 siblings. Did not make any will. Does this mean it will be absorbed by the insurance companies? Thank you in advance.

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Leslie Koh

20 Oct 2019

Associate Financial Services Manager at Prudential Assurance Company Singapore

Insurance compaines will not absorb the payouts.

The siblings can visit this website to retrieve if there's any unclaimed death proceeds of deceased relations or unclaimed maturity proceeds that have been outstanding for more than 12 motnhs.

Link: https://www.lia.org.sg/tools-and-resources/chec...

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