News Coronavirus watch20 May 2020

Singaporeans flood life insurers with premium deferment applications

| 20 May 2020


On 31 March, the Monetary Authority of Singapore (MAS) released guidelines on how life and health policyholders in Singapore could defer premium payments by up to six months, in response to the financial hit many Singaporeans took due to COVID-19. Since then, insurers have received thousands of applications for deferment.

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