Consolidated view of insurance policies now available on SGFinDex

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SINGAPORE — Users of the Singapore Financial Data Exchange (SGFinDex) will now be able to see at a glance all their insurance policies from different insurers.

The addition of this consolidated data was announced by the Monetary Authority of Singapore and the Smart Nation and Digital Government Group on Wednesday .

"The inclusion of insurance data adds to existing banking and investment data that individuals can retrieve via SGFinDex, making it easier for individuals to identify insurance protection gaps," said MAS and SNDGG. The inclusion of insurance policy information will allow users to access it through financial planning applications or websites of participating insurers, banks and MyMoneySense, a government-led financial planning digital service.

2) The individual has to choose the bank, insurer or SGX they want to add and give each institution consent to share information.

Source: Insurance Report (insurancereport.net)

 

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