1. 1. MoneyOwl Private Limited holds a Capital Markets Services Licence from the Monetary Authority of Singapore (“MAS”) and is an Exempt Financial Adviser and Exempt Insurance Broker. You can find us under the MAS Financial Institutions Directory at https://eservices.mas.gov.sg/fid.
   2. Our activities and services are as follows:
      (a) Regulated Activities:
      • Capital Markets Services Licensee Fund Management
      • Exempt Financial Adviser Advising on Investment Products
        1. Life Policies
        2. Securities other than Collective Investment Schemes
        3. Collective Investment Schemes
        4. Structured Deposits
      • Issuing or Promulgating Analyses/Reports on Investment Products
        1. Life Policies
        2. Securities other than Collective Investment Schemes
        3. Collective Investment Schemes4. Structured Deposits
      • Marketing of Collective Investment Schemes
      • Arranging of Life Policies
      • Exempt Insurance Broker

      We provide comprehensive financial planning services.

      (b) Other Services:

      • Financial education
      • Estate planning, including will writing

      Please note that these Other Services are non-regulated activities.

      (c) Referral Activities: 

      We may conduct referral activities with Financial Institutions licensed by the Monetary Authority of Singapore or permitted businesses under the relevant regulations. In carrying out such activities, MoneyOwl and its representatives will not give advice or provide any recommendation on any product or service in relation to any non-financial advisory service provided to you; and MoneyOwl may receive a referral fee.

   3. Our current external product providers are:
      • Singlife with Aviva Ltd
      • Etiqa Insurance Pte Ltd
      • FWD Singapore Pte Ltd
      • Manulife (Singapore) Pte Ltd
      • Income Insurance Ltd
      • Raffles Health Insurance Pte Ltd
      • Tokio Marine Life Insurance Singapore Ltd
   4. Referral Activity for non-financial advisory service
      • We may refer you to SimplyWills Pte Ltd for simple or complex Will Writing, Safekeeping and Probate & Letters of Administration Services
      • We may also receive from SimplyWills a referral fee of 20% of the fee collected for Will Writing, Safekeeping services and 10% of the fee collected for Probate & Letters of Administration Services.

Insurance-Related Disclosures

1. Where we offer a rebate of basic commission (also known as “agent’s commission”) for any product:
   • If premiums are paid yearly, we will make payment of the rebate due to you as soon as practicable after we receive it from the relevant insurer(s). As a general guide, we receive our commission from the insurer 2-3 months after the date of inception/anniversary date of the insurance policy.
   • If your premiums are paid monthly, we will make payment of the rebate due to you once a year, generally at the end of the calendar year.
   • If an insurer does not provide a breakdown showing the amount of basic commissions comprised in the total commissions received by us from the insurer at the time that such commissions are received by us, then the amount of basic commissions shall be deemed to be 45% of the total commissions received by us, for the purpose of computing the amount of rebate to be paid to you (if any).
2. All rebates will be credited directly into your designated bank account less any applicable taxes (including without limitation, goods and services tax) at the prevailing rate, and administrative and bank charges. It is your obligation to inform us if you wish to use another bank account to receive rebates, and to inform us of changes to your contact details. Although we will endeavour to notify you if the rebates cannot be to be paid into your designated account for whatever reason, we are under no obligation to do so.
3. The various insurers have a right to clawback commissions paid on any insurance policy if the policy is cancelled within the contractual period stipulated by the insurer. MoneyOwl reserves the right to require you to repay up to the full amount of the commissions paid out by the insurer in the event where you cancel any particular insurance policy during such contractual period and the insurer proceeds to exercise its rights to clawback any commissions paid out on the policy.
4. Medical expenses may be incurred in connection with medical examinations which may be required in connection with insurance policy applications. You will need to bear the medical expenses if (a) you cancel or fail to take up a policy after the proposal has been accepted by the insurer, or (b) the proposal lapses or is deemed withdrawn by the insurer because you failed to submit all necessary documents required by the insurer. If you cancel any insurance policy within the cancellation period set out in the policy document, any insurance premium paid by you will be refunded only after deduction of the applicable medical expenses and administrative fees.