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Does MAS regulate insurance policy buyers?

No. MAS regulates insurers and financial advisers, but not the people and companies who buy or broker traded life and endowment policies. That includes us. Here is what MoneySense says, what protection you still have, and what we do about it.

Last reviewed 15 October 2026

What MoneySense says

Quoted from its page on traded life and traded endowment policies.

“MAS does not regulate the sale, purchase, or distribution of TLPs and TEPs.”
“[A]ny individual or company involved in buying or distributing these policies is not regulated or licensed by MAS.”
“The CPFTA allows consumers aggrieved by unfair practices to pursue civil remedies before the courts.”
“MAS strongly encourages investors to deal only with individuals and companies that are regulated by MAS.”

TLP: traded life policy. TEP: traded endowment policy. CPFTA: Consumer Protection (Fair Trading) Act.

Who is regulated, and who isn't

Each party in a sale, and who oversees them.

PartyRegulated by MAS?What that covers
Your insurerYesHow it handles your policy, including surrenders and recording a new owner
Financial advisers and insurance representativesYesAdvice they give you about your policy
Policy buyers, including usNoBuying traded policies is not a regulated activity
Brokers and introducers of traded policiesNoArranging sales of traded policies is not regulated either

The protection you still have

  • Consumer protection law

    The Consumer Protection (Fair Trading) Act lets you pursue civil remedies in court for unfair practices.

  • Your written agreement

    The sale agreement is a contract. Its terms bind the buyer as well as you.

  • Data protection law

    A buyer must handle your personal data under the Personal Data Protection Act. Our privacy notice

  • Help with complaints

    The Consumers Association of Singapore (CASE) can help with a dispute. If you suspect fraud, report it to the police.

What we hold ourselves to

Because no regulator checks this activity, we publish our standards and stick to them.

Every offer in writing

With your net surrender value printed beside our price.

No fee to you

Nothing to pay for a check or an offer, and never a fee to release your money. Fees and payments

Paid only to you

From our company account, into an account in your own name.

A named business

SurrenderPolicy, with a published complaints process. Complaints

Regulation questions

Is it safe to sell to an unregulated buyer?

It can be, if you check who you deal with, get everything in writing, and only sign your insurer's own form. How to check any buyer

Can I complain to MAS about a buyer?

Because MAS does not regulate this activity, a complaint about a buyer usually goes to the buyer first, then to CASE, or to the police if you suspect fraud.

Does my insurer's regulation protect me in a sale?

It covers how your insurer handles the policy, such as recording the new owner. It doesn't cover the buyer's conduct.

Why does MoneySense warn investors?

Its warning is mainly for people buying traded policies as an investment, who take on risks such as delays and liquidity. Traded endowment policies

Sources

MoneySense: Traded life policies and traded endowment policies (checked 15 October 2026)

See our standards in practice

Tell us about your policy and get a straight answer in writing. No NRIC, no obligation.

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