Check my policyHome / Your options / Review your policies
Start with one list: every policy you own, what it covers, what it costs each year and what it is worth today. Then sort each one into keep, adjust, sell or surrender, beginning with the cover you still need.
Last reviewed 15 October 2026 · General information, not financial advice.
Find them all first. Since November 2022, SGFinDex can pull your life, accident and health policies from participating insurers into MyMoneySense, or a participating bank's or insurer's app, once you consent through Singpass.
| Policy | What it is | Covers | Premium a year | Worth today | Ends |
|---|---|---|---|---|---|
| Endowment, from 2012 | Savings, participating | Death benefit S$40,000 | S$3,000 | S$30,000 net surrender value | 2030 |
| Whole life, from 2008 | Life cover with a cash value | Death and disability S$100,000 | S$2,400 | S$18,000 net surrender value | For life |
| Critical illness rider | Attached to the whole life | S$50,000 | S$600 | No cash value | With the policy |
| Term life, from 2018 | Life cover only | Death S$500,000 to age 65 | S$900 | No cash value | 2048 |
Figures are an illustration. Use the numbers on your own statements, and ask each insurer for a dated net surrender value.
A policy is worth keeping for its cover only if someone still needs that cover. Replacing cover
A partner, children or parents, and for how many more years.
A home loan is the usual one. Some loans carry their own cover.
Group cover through an employer counts, but usually ends when you leave the job.
Two policies, or two riders, paying for the same risk. Overlap is the most common reason a review finds money to save.
Every policy goes into one of four groups. Keep, sell or surrender: the full comparison
Cover you still need, or a savings plan close to maturity, where ending it now gives up the most.
Lower the sum assured, drop a rider, or make it paid-up to stop premiums without ending it. Paid-up policies
A participating endowment or whole life policy you no longer need, paid in cash and past about a third of its term. Sell or surrender?
When no buyer will pay more than the insurer. A term plan with no cash value simply ends once you stop paying, after the grace period.
If you are replacing cover, wait until the new policy is in force before ending the old one.
A missed premium can lapse a policy you meant to keep or sell.
A trust nomination or a pledge to a lender limits what you can do. Nominations and assignment
Ask each insurer for a current net surrender value, so you compare like with like.
Keep a record of each request and each insurer's confirmation.
We are a buyer, not an adviser, so we don't review portfolios. For a full review, a licensed financial adviser can look at your whole situation. If one of your policies is one we buy, we give you a written offer beside its net surrender value, and you decide. Useful resources
There is no set number. It is too many when policies overlap, or when the premiums pay for cover nobody needs any more.
Use SGFinDex through MyMoneySense or a participating app, with your consent through Singpass, then fill any gaps from each insurer's portal or customer service.
Only after checking the cover you still need, and comparing every option for each policy. Selling or making a policy paid-up may give a better result than surrender.
Yes. Each policy is separate. Selling one has no effect on the rest.
The lender usually has to release it before you can sell or surrender it, because the lender's rights come first.
No. Checking whether we would buy a policy is free and carries no obligation.
Check whether we would buy it. No NRIC, no obligation.