What you need to know
An absolute assignment transfers full ownership of the policy from the current policyowner (Assignor) to another person or company (Assignee). Once the assignment is completed, the Assignee has full control of the policy, just like a new policyowner.
The Assignor may regain ownership only if the Assignee assigns the policy back.
- Both the Assignor and Assignee should be 18 years old or older.
- If the Assignor and/or Assignee is below 18 years old, please contact our Client Services team at (65) 6833-8188 for assistance.
Assigning a policy to an Individual
1. Download and complete the Absolute Assignment to an Individual Form.
2. Refer to the “Checklist” at the bottom of the form for the supporting documents required.
3. Mail the completed original hard copy form, along with any supporting documents (if applicable) to the following address:
Manulife (Singapore) Private Limited
8 Cross Street
#15-01 Manulife Tower
Singapore 048424
Please ensure that the form is signed in wet ink. Click here to obtain the Business Reply Envelope for your submission.
Assigning a policy to an Entity
1. Download and complete the following forms:
- Absolute Assignment to an Entity Form
- Corporate Owner Certification Form
- Corporate Policy Owner Authorised Signatory Form
2. Refer to the “Checklist” at the bottom of the form for the supporting documents required.
3. Mail the completed original hard copy form, along with any supporting documents (if applicable) to the following address:
Manulife (Singapore) Private Limited
8 Cross Street
#15-01 Manulife Tower
Singapore 048424
Please ensure that the form is signed in wet ink. Click here to obtain the Business Reply Envelope for your submission.
Can a Absolute Assignment form be performed for all policies?
Not all policies are eligible for a Absolute Assignment form. Please refer to the “Checklist” found in the Absolute Assignment form for the submission requirements.
