Lonpac Insurance Bhd (Singapore Branch) is a member of the Policy Owners' Protection (PPF) Scheme. The PPF Scheme is an additional safety net that protects the interests of general insurance policy holders in the event a general insurer fails. This scheme is administered by the Singapore Deposit Insurance Corporation (SDIC).
The PPF Scheme provides added assurance that there is a compensation scheme for policy owners to reduce the financial impact on individuals should a general insurer which is a PPF member fails. This cover for your policy is automatic and no further action is required from you. You can get more information on the types of general insurance policies covered and the benefits that are covered under the scheme from the PPF Scheme Brochure or the GIA website at www.gia.org.sg and SDIC website at www.sdic.org.sg.