When taking a bank loan, are you required to take the bank's preferred fire insurance partner?

I'm looking to take up a bank loan for financing my HDB resale. I read about a "Mortgagee interest policy", which reads like fire insurance (external facade). The T&C also seems to indicate I do not have to opt for the bank's (minus some hoops to jump for the bank's approval).

The bank advisor say "Nope, u get fire insurance w the bank affiliated insurance company" (quote his). That sounds... wrong. It sounds like I could still get HDBs approved insurer (FWD Insurance)?