Good news for direct purchase of insurance, though at the expense of agents!
Premium Rebates for Purchasing Insurance Covers Directly from Insurers
As part of the Government’s efforts to enhance productivity, efficiency and access to financial products and services, the financial sector has over the years developed more cost-efficient delivery channels. This is also to enhance the ability of consumers to have wider access to financial products and services. In line with this, insurance companies have also increasingly introduced direct delivery channels to market their products and services which provide consumers with the options that will best suit their needs. Policy owners who purchase insurance cover directly will receive premium savings in arranging their own insurance through dealings directly with the insurance companies.