Assign policy to a financial institution
Assign your policy to a financial institution as additional security for a loan.
Instructions
You can assign your policy to a financial institution as additional security for a loan. The policy can be reassigned to you as the Policyowner once the loan is repaid.
To perform an assignment, please complete the Collateral Assignment Form and mail it back to us with the necessary document(s) requested.
What you need to provide
1. Completed Collateral Assignment Form
2. Copy of ACRA certificate (with three months validity)
3. Board Resolution
4. Copy of NRIC / passport / identity card of authorised signatory
FAQ
Who can I assign the Policy to?
You can only make a collateral assignment to financial institutions, i.e. banks.
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Transfer ownership of a policy
Transfer ownership of your policy to another person or company.
