Saturday, November 28, 2009

Buy term insurance directly through internet portals

Someone asked if it is possible to buy term insurance and family income benefit directly from an insurance company through an internet portal.

So far, the insurance companies in Singapore have been reluctant to offer this channel, as they are afraid of upsetting their insurance agents. I hope that this will become possible in the near future. There are many websites in USA that offers term insurance at very competitive rates, much lower than in Singapore.