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Regulatory and risk disclosures

Who we are in law, who regulates what, and the risks of selling a policy, set out plainly before you decide.

Last updated 17 October 2026

Our role

SurrenderPolicy buys life and endowment policies as principal, with its own money. When it buys, it becomes the owner of the policy and receives its benefits.

We act only as a buyer. We do not broker policies, introduce owners to other buyers, take introduction fees from other buyers or sell policies on to investors. How we make money

Regulatory status

MoneySense, the national financial education programme, states that the Monetary Authority of Singapore does not regulate intermediaries or distributors of traded life policies and traded endowment policies. We are not licensed or regulated by MAS for buying policies. MoneySense on traded policies

Your policy itself was issued by an insurer licensed in Singapore, and it stays with that insurer after a sale; only its owner changes. Your policy may be protected by the Policy Owners' Protection Scheme, within its limits, if the insurer fails. That scheme does not cover our business or our offers.

Ownership passes by absolute assignment, a transfer recognised under the Policies of Assurance Act 1867, and the insurer records the notice of assignment.

The risks of selling

You lose the policy's cover, including any death benefit. It is paid to the new owner.
You give up the maturity payout and any future bonuses.
Keeping the policy to maturity may pay you more than selling it.
A sale cannot be undone once the assignment is recorded.
Any nomination on the policy generally ends when it is assigned.
Replacing the cover later may cost more, or may not be possible.
There may be tax or estate consequences for you.

If a transfer cannot be completed

An insurer may decline to record an assignment, for example because of a restriction in the policy. Our purchase agreement sets out what happens then.

Not financial advice

We do not give financial advice, and nothing on this site is a recommendation to sell, keep or surrender your policy. For advice on your situation, speak to a licensed financial adviser.

If you have a concern about us, see Complaints and feedback.