MAS looking into misleading insurance advertisements

One online ad offers extraordinary payouts, asks for personal details, but insurer's name not disclosed

An ad on YouTube offering critical illness cover that lets policy holders "claim up to 500 per cent" if diagnosed with over 100 types of illnesses. PHOTO: YOUTUBE
An ad on YouTube offering critical illness cover that lets policy holders "claim up to 500 per cent" if diagnosed with over 100 types of illnesses. PHOTO: YOUTUBE
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The financial watchdog is closing in on insurance agents who have been putting out misleading online advertisements to target customers.

One ad widely available on YouTube offered critical illness cover with the extraordinary offer that policy holders could "claim up to 500 per cent" if diagnosed with over 100 types of illnesses.

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A version of this article appeared in the print edition of The Sunday Times on January 24, 2021, with the headline MAS looking into misleading insurance advertisements. Subscribe