PolicyPal

[KaiserBreath]

Hi, anyone used this platform before? Their insurance products like got another layer of bonuses compared to buying from the actual insurers itself.

Got any review? Looking to buy endowment insurance.

 

[oceanicmanta]

yes, have used them for travel insurance and some insurance savings plan.

they r like an insurance broker, products are not their own ...ultimately, plans are with the insurer

for endowment savings before making payment, would be good to call the insurer to verify account details & if PP is authorised distributor etc

also read up on SDIC's Policy Owners Protection Scheme to understand & be comfortable with the risk when buying endowment plans

 

[lim.tina]

ohh.. if i buy insurance through them, got any discounts or rebates??

 

[KaiserBreath]

I think have. They like not selling for specific insurer so can compare all kinds of insurance. So far see like got sell from Tiq, Aviva, MSIG, etc all these ah.

Now seeing this:
https://www.policypal.com/endowment-insurance/flow/tiq/elastiq?c=FREECREDIT

Seems like gd for this downtime since its quite safe for investment now.

Withdraw without penalty or interest claw back after 90 days. Top-up at any time.

What you all think?

 

[oceanicmanta]

ohh.. if i buy insurance through them, got any discounts or rebates??

for General Insurance, most times it is just 5% in credits which can be offset against next purchase (valid for 1 year)

for Insurance products, they may offer cash & shopping vouchers in partnership with insurer

 

[lim.tina]

Just went to see their website, got some referral program, how does it work?

 

[oceanicmanta]

Just went to see their website, got some referral program, how does it work?

it depends on what u buy ... eg for travel insurance, Referrer & Referee get 5% credits (not cash rebate) for future purchase

for savings, Refer & Referee get cash now ... amounts vary ...

 

[KaiserBreath]

Was sharing in another thread. Here like really can compare all products. There are a few similar local sites but not all are able to show quotes like PolicyPal.

I think Income Capital Plus also not bad. 3 years only. Now must look for short term to minimize loses..

 

[lim.tina]

wa, got straight through application? means I buy online and can get it?

 

[KaiserBreath]

I think for some can. For endowment is Elastiq. Not sure about the rest can check. I see some other sites all only consultation. This one can directly apply online. Not bad..

 

[drowningfish101]

did yall try the new life stage feature? how is it?

i checked out the life stages feat. seems like i'm only limited to health and critical illness leh

https://web.policypal.com/life-stage

 

[lifeislame]

Was sharing in another thread. Here like really can compare all products. There are a few similar local sites but not all are able to show quotes like PolicyPal.

I think Income Capital Plus also not bad. 3 years only. Now must look for short term to minimize loses..

elastiq can get 2.1%(1.8%+0.3% bonous) if u dun withdraw for 3 year

Sent from Samsung SM-A705MN using GAGT

 

[oceanicmanta]

elastiq can get 2.1%(1.8%+0.3% bonous) if u dun withdraw for 3 year

Sent from Samsung SM-A705MN using GAGT

it's not 1.8 + 0.3

it's 0.3% bonus applied at the end of 3 years (not +0.3% every year)

this bonus is not material IMO