BUYING A POLICY

SELLING YOUR POLICY

frequently asked questions

  • 1.Who are eazi Capital ?

    We are Traded Endowment specialist that can buy over your premature life insurance policy and pay you more than surrender values given by the life insurance company.

  • 2.What types of policies does eazi Capital assess/purchase?

    We buy traditional whole of life and endowment policies issued by life insurance companies based in Singapore. Get a Free Policy Quotation from us.

  • 3. How can eazi Capital take over my policy?

    Once policy quotation is approved and you agreed to proceed, we will prepare the necessary insurance documents and complete the policy assignment at the insurance company counter. The whole process may takes approx. 20-30 minutes.

  • 4. How long does it take to evaluate/assess my policy?

    From the day we received your completion of the Free Policy Quotation form, we will assess the policy and provide you our offer within 2-3 working days.

  • 5.Does eazi Capital advise decision to sell my policy?

    eazi do not provide any advice to you in relation to your decision of selling your policy. We only provide you our buying offer. Should you require advice, you could approach a licensed Financial Consultant.

  • 6.Does any of my details be shown on contract/document after I sell off my policy?

    Yes. Because once we take over your plan, we will continue the plan to its maturity thus your name as the life assured or original owner will still be on the policy document even though you are no longer the legal owner.

  • 7. Do I still need to pay for future premiums?

    Your obligation to the policy ends immediately once the policy is assigned into the name of eazi Capital Private Limited. We will fund the premium thereafter, if any.

  • 8.How soon can I get paid to sell away my policy?

    Once the Life Insurance Company confirm of policy ownership transfer, you will receive cash cheque from eazi Capital on the spot.

  • 9.What happens after I get paid from eazi Capital for my policy?

    The policy is assigned/transferred into the name of eazi Capital Private Limited. You have no further rights and obligation to the insurance policy.

  • 10.What happens if I die after I’ve sold the policy?

    eazi Capital does not pass your personal information to the Investor who buys over your policy. In the event of your death, one of the following would happens:

    (I)Neither the Life Insurance Company and Investor knows of your passing, which means the policy will runs to its maturity date and the maturity value will be paid out to the Investor (Assignor).

    (II)If your family member inform the Life Insurance Company that you have passed away, the life insurance company will contact the Investor (Assignor), and ask them to complete necessary paper work which will pay-out the Maturity value to the Investor earlier than scheduled.

If any of the above did not answer your question(s), you can write to us at enquiry@eazicapital.com.sg or call us at +65 9668 3342.