14 day free look period for insurance

If you have just bought an insurance policy, you are given 14 days of free look. You can cancel your policy during this period and get a full refund (subject to any price movement in an investment-linked policy). Most importantly, if you were not aware about the high upfront charges or was over-paying a high premium (compared to similar products sold by other companies), you can ask for a refund.

If you need assistance from FISCA on reviewing of this matter, go to www.fisca.sg. There is an administrative fee of $50, but you can save a few thousand dollars in fees charged on your insurance policy (that you might be unaware of).