Insurance
Is My Policy Affected By An Insurance Company Being Bought Over? (and other related questions)
By Money Maverick  •  January 27, 2021
A lil hullaboo was caused last year over Aviva's sale to SingLife - and a even bigger hullaboo was caused recently when a Financial Consultant posted the article in question onto Insurance Discussion SG (a Facebook Group) with a caption insinuating that consumers would suffer due to the acquisition. When questioned on the rationale, the post mysteriously disappeared along with the stream of comments that included both gentle and harsher demands for elaboration, and even a threat to be reported to MAS. Life is rough. But yes, as suspected for a while now: AXA Singapore has made it's position clear to the rest of the country that they're looking to sell. This was the article in reference. History of (Insurance Company) Buyovers in Singapore To be clear whether or not your policy is affected by an insurance company being bought over, we must first look at the history of such incidences in Singapore....
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By Money Maverick
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