Media Releases
Published Date: 18 September 2008

Comments from MAS on AIA's Policy Conservation Programme

Comments from MAS on AIA's Policy Conservation Programme:

"MAS welcomes AIA's statement offering policyholders who surrendered their whole life and endowment policies between 15 and 19 September 2008 the option to reinstate their policies without penalties. AIA currently has sufficient assets in its insurance funds to meet its liabilities to policyholders. Policyholders should not to act hastily to terminate their insurance policies as they may suffer losses from the premature termination and lose the insurance protection they may need. " - Mr Low Kwok Mun, Executive Director (Insurance Supervision), Monetary Authority of Singapore