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Rising demand for ‘second-hand’ endowment, life insurance plans in Singapore
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Mr Peter Oh and his wife Deborah Ong are looking to build up an inventory of 100 policies of between $3 million and $5 million.
ST PHOTO: KEVIN LIM
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SINGAPORE - Even as more people seem to be surrendering endowment and life plans bought from insurance companies, there is a growing trade in such policies on the resale market.
There are some 10 companies offering sellers 5 per cent to 20 per cent more than the surrender value that insurers would pay.
