Anonymous
Asked on 08 Dec 2020
Saw that DBS aims to have in the next few years a million retail customers insured and invested as it looks to tap a more consolidated trove of customer data to ramp up its digital financial advisory tool. Wondering how the insurance DBS provides is different from a regular insurance company?
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3 answers
Answers (3)
Jiayee, Salaryman at some company
Answered on 11 Dec 2020
It can be more convenient to purchase insurance from banks because of the number of branches they have. On the other hand, technology is disrupting this by making the whole process digital (e.g. MoneyOwl, PolicyPal).
1
Question Poster
21 Dec 2020
Thank You!
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Tan Siak Lim
Answered on 11 Dec 2020
There is no difference. DBS doesn't manufacture insurance product. They are a distributor, currently for Manulife policies. So the product is the same, but the advisory process can be quite different. That, i shall not comment.
1
Question Poster
21 Dec 2020
Ahh so they are simply a distributor... Thanks for this siak lim!
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Cheong Pei Lun, Finanical Services Consultant (CFP,ChFC) at AIA Singapore
Answered on 08 Dec 2020
Pros: Banks manage your saving and credit cards, therefore buying insurance from banks may make ...
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