Tag Archives: comparefirst

Bancassurance – a threat to IFAs?

Last Wednesday 8 April, The Straits Times reported that DBS has successfully sealed a $1,2 billion exclusive regional distribution deal with Manulife for a 15 year period starting 2016 when the current contract with Aviva expires. What is Bancassurance? “The bancassurance model – which involves selling insurance through banks as opposed to the traditional agency… Read More »

How do DPI products match up to what IFAs represent?

What is a DPI? It stands for Direct Purchase Insurance. It is a suite of standardised whole life and term life insurance products offered by 12 insurers in the market. Consumers can choose to get coverage for death, total and permanent disability and/or critical illness (optional).  Premiums of DPI products can be obtained via the… Read More »

About Direct Purchase Insurance (DPI)

The much awaited online aggregator called compareFIRST.sg is launched today, 7 April 2015. Consumers can now ‘DIY’ and compare more than 200 life insurance plans from 12 insurers, including a new suite of basic life insurance solutions called Direct Purchase Insurance (DPI). It is the world’s first web aggregator by a regulator, the Monetary Authority… Read More »