Hello Mr. Tan,
In Singapore law, can insurance salesmen sell insurances to NS man below age of 21 (say only 20 years of age)? Is there a regulation for this?
When they bought the policy is like signing a formal contract with the insurance companies. I am afraid they are too young to understand the contract or terms and benefits of policy which are long and complicated.
My view is that NS men or Poly students about 20 years of age are too young to understand the contracts and complexities of insurance benefits sold to them.
Read my reply here:
http://www.fisca.sg/ArticleDisplay.aspx?ID=529
In Singapore law, can insurance salesmen sell insurances to NS man below age of 21 (say only 20 years of age)? Is there a regulation for this?
When they bought the policy is like signing a formal contract with the insurance companies. I am afraid they are too young to understand the contract or terms and benefits of policy which are long and complicated.
My view is that NS men or Poly students about 20 years of age are too young to understand the contracts and complexities of insurance benefits sold to them.
Read my reply here:
http://www.fisca.sg/ArticleDisplay.aspx?ID=529
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