Disclaimer: This advertisement has not been reviewed by the Monetary Authority of Singapore. All information provided are correct as at 1st November 2024.
Pursuant to Section 25(5) of the Insurance Act, the requirement of full and frank disclosure of the above information and anything which may be material to the risk for which you seek cover (e.g. claims, whether founded or unfounded), or to the magnitude of the risk, is of the utmost importance with this type of insurance. It is better to err on the side of caution by disclosing anything which might conceivably influence the insurer’s consideration of your proposal, otherwise the policy issued may be void.
