- Educate consumers on the differences of various insurance products, and how to go about determining how much is necessary
- Compare across various insurance product segments
- Subsequently, approach the various insurance companies such as AIA, Aviva and Prudential to purchase the term and whole life insurance under ...
On 7th April, The web portal CompareFIRST.sg was launched to allow consumers in Singapore to be able to start comparing insurance products across all the insurance companies in Singapore. This is a collaborative effort by Consumers Association of Singapore, MAS, the Life Insurance Association, Singapore and MoneySENSE.
This web portal is a response and action item after the Financial Advisory Industry review conducted which found that the advisory standards provided to consumers was not of desirable standards. Majority of the products being recommended to undercover consumers do not closely match the needs of the consumers.
This web portal serves as a response to