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How to check if the decreased have life insurance in Singapore

I understand that dealing with the aftermath of a loved one’s passing can be overwhelming, and managing their life insurance policy may be the last thing on your mind. However, it’s important to know that your loved one’s life insurance policy may provide valuable financial support for you and your family.

In order to access the benefits of the policy, it’s important to contact the insurance company and inform them of the policyholder’s passing. The insurance company will then guide you through the process of filing a claim and provide you with the necessary paperwork.

If a loved one has passed away, it is important to check if they had life insurance to ensure that any beneficiaries receive the coverage they are entitled to.

Here are some steps you can take to check if a deceased person had life insurance in Singapore:

  1. Check personal documents: The first step is to review any personal documents of the deceased, such as their bank statements, financial records, and any insurance documents they may have kept. Look for any evidence of life insurance policies, such as premium payment receipts or policy documents.
  2. Check with the deceased’s employer: If the deceased had a job, contact their employer’s human resources department to inquire about any group life insurance policies they may have had. They may also be able to provide information about any other insurance policies the deceased had through work.
  3. Check by logging in to every insurance company: If you have the deceased mobile phone/Singpass access, you can try to log in to every major insurer to see if the decrease has an account or any unclaimed policies.
  4. Check with the deceased’s insurance agent or financial advisor: If the deceased had an insurance agent or financial advisor, contact them to inquire about any life insurance policies the deceased may have had. They may have access to the deceased’s policy information or be able to contact the insurer on your behalf.
  5. Check with the Life Insurance Association (LIA) of Singapore: The LIA maintains a database of life insurance policies in Singapore. You can contact them to inquire about any policies held by the deceased. You will need to provide the deceased’s full name, identification number, and date of birth.
  6. Check with the Monetary Authority of Singapore (MAS): The MAS maintains a public registry of unclaimed life insurance policies. You can search the registry to see if the deceased had any unclaimed policies.
  7. Check with the insurer: If you have the deceased’s policy number, you can contact the insurer directly to inquire about the policy. You will need to provide proof of the deceased’s death, such as a death certificate or obituary notice.

Maintaining Your Family’s Insurance Coverage: A Guide to Stay on Track

If you desire a comprehensive overview of your insurance coverage or prefer not to engage in an annual review with your insurance agent(s), the latest advancement in SGFinDex offers a personal finance solution that may surprise you. This enhancement provides a consolidated view of your insurance policies, serving as a valuable tool for managing your financial well-being.

SGFinDex, also known as the Singapore Financial Data Exchange, is a collaborative effort between the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Group (SNDGG), supported by the Ministry of Manpower (MOM). Functioning as a centralized gateway, SGFinDex utilizes Singpass for authentication.

With the introduction of SGFinDex, Singaporeans can now conveniently and securely access their consolidated personal financial information. This comprehensive dataset includes details such as cash balances, credit card information, loan amounts from various banks, investment holdings including equities managed by the Central Depository (CDP), insurance policies from different insurers, and Central Provident Fund (CPF) balances provided by the government.

It’s important to note that while SGFinDex acts as a data exchange, an additional financial planning application is required to access and utilize this financial data. Popular options for accessing such data include bank applications like DBS NAV Planner, OCBC OneView, and UOB Mighty. These applications provide the necessary tools and features to effectively manage and plan finances based on the data obtained through SGFinDex.

There are several steps you can take to check if a deceased person had life insurance in Singapore. By following these steps, you can ensure that any beneficiaries receive the coverage they are entitled to.

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