Insurance industry extending premium deferment relief measures for policyholders

📆 9/18/2020 5:05 AM
📰 The Straits Times

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

SINGAPORE - Policyholders feeling the effects of the Covid-19 pandemic now have more time to pay their premiums with the extension of relief measures by the insurance industry.. Read more at straitstimes.com.

SINGAPORE - Policyholders feeling the effects of the Covid-19 pandemic now have more time to pay their premiums with the extension of relief measures by the insurance industry.

Policyholders who are not already on DPP can apply to their respective life insurers for a premium deferment of up to six months. Policyholders on DPP who remain unable to pay the deferred premiums in full at the end of their deferment period should approach their respective life insurers to find out about available options, said LIA.

Meanwhile, the General Insurance Association of Singapore said policyholders have till Dec 31, 2021, to apply to their insurers for flexible premium instalment payment plans while maintaining their insurance protection for the paid-up period.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Customers to have easier access to insurance plans after Singlife-Aviva merger: Singlife CEOSINGAPORE - Customers will have easier access to products such as health insurance and long-term investment and savings plans once Aviva and Singapore Life complete the $3.2 billion merger announced late last week.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »