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You are here: Home / Frequently Asked Questions / FAQs on Insurance / What are unsuitable insurance?

What are unsuitable insurance?

18, June 2009 by Wilfred Ling Leave a Comment

Last Updated on 23, March 2014

An insurance product is considered unsuitable if it meets one of the two criterions:

  1. The products does not meet one’s needs OR
  2. The product meets one’s needs but there is an alternative product that is significantly superior in terms of cost or benefits or both.

The keyword is “significantly superior.” Marginally superior is not counted.

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