Rising demand for ‘second-hand’ endowment, life insurance plans in Singapore

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.
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

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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.