PPF Scheme: Overview

Singapore consumers enjoy the benefits of a sound financial system. Insurers licensed in Singapore are supervised by the Monetary Authority of Singapore (MAS). It is MAS’ aim to ensure the stability of the financial system in Singapore and to require financial institutions to have sound risk management systems and adequate internal controls.

However, MAS does not guarantee the soundness of individual financial institutions. Therefore, a Policy Owners’ Protection (PPF) Scheme has been set up to protect policy owners in the event of a failure of a life or general insurer  which is a PPF Scheme member.