

- General
- Commission Rebate
- Buying Process and Comparison
- Prices & Payment
- My Insurance Policy
- Supplementary Retirement Scheme (SRS)
- Privacy and Security
General


- Aviva Ltd
- FWD Singapore Pte Ltd
- Manulife (Singapore) Pte Ltd
- NTUC Income Insurance Cooperative Ltd
- Raffles Health Insurance Pte Ltd
- Singapore Life Pte Ltd
- Tokio Marine Life Insurance Singapore Ltd
Commission Rebate
- Private Integrated Shield plans
- Local Hospitalization plans
- CareShield Life/ElderShield Supplements
- Plans using CPF monies
- Personal Accident Plans
Buying Process and Comparison
Course | Country | Nationality | Tuition Fee | Living Cost | Total |
Non-medicine | Singapore | Singaporean | $49,600.00 | $48,000.00 | $97,600.00 |
Singapore - PR | PR | $69,400.00 | $48,000.00 | $117,400.00 | |
Singapore - Foreigner | Foreigner | $106,200.00 | $48,000.00 | $154,200.00 | |
Australia | SG/PR/FGN | $168,000.00 | $120,900.00 | $288,900.00 | |
UK | SG/PR/FGN | $201,600.00 | $81,200.00 | $282,800.00 | |
USA | SG/PR/FGN | $283,000.00 | $131,600.00 | $414,600.00 | |
Medicine | Singapore | Singaporean | $157,500.00 | $60,000.00 | $217,500.00 |
Singapore - PR | PR | $220,600.00 | $60,000.00 | $280,600.00 | |
Singapore - Foreigner | Foreigner | $277,100.00 | $60,000.00 | $337,100.00 | |
Australia | SG/PR/FGN | $490,600.00 | $241,700.00 | $732,300.00 | |
UK | SG/PR/FGN | $469,000.00 | $132,100.00 | $601,100.00 | |
USA | SG/PR/FGN | $614,600.00 | $263,100.00 | $877,700.00 |
Prices & Payment
Product enquiries through MoneyOwl are absolutely free. You only pay your insurance premiums if you subsequently purchase a policy from us.
During the insurance application, you will be able to indicate your preferred payment option namely, by cheque or credit card (Visa or MasterCard). For subsequent yearly premium payments, it will be through GIRO. These payments are made to the insurer.
Except for a few types of policies, such as Integrated Shield plans and single-premium products, premium payment frequency for regular premium plans typically include yearly, half-yearly, quarterly and monthly. There is usually a small discount if you pay your premium yearly as compared to other types of frequency modes.
Yes, for most regular premium policies, you can use your credit card (Visa or MasterCard) for the first premium payment.
Yes, all prices reflected are inclusive of GST.
All prices reflected are before commission rebates and new promotions.
When buying through MoneyOwl, you enjoy lower cost and up to 50% of the agent's commissions is rebated to you in cash. We take care of all your needs. You have access to our team of licensed Client Advisers and our Client Service Management team is on hand for you to contact if you require any after-sales service or claims with any of your policies. There is no difference with regards to the policy contract, benefits, coverage or premium offered whether the same policy is bought via MoneyOwl or through the insurance company directly.
My Insurance Policy
The insurance company will mail the policy documents to you directly.
You can approach us for any enquiry, administrative requirements or actions pertaining to the insurance policies bought through us. We are happy to assist you in submitting instructions to the insurance company for surrender.
Alternatively, you may contact the insurance company of your policy directly if you wish to.
We stand ready to assist you on claims. Do contact us via email at clientsupport@moneyowl.com.sg or give us a call at 6329 9188 for all enquiries between Mondays-Fridays, 9am-6pm (excluding public holidays). Our friendly team of Client Service Managers will assist you.
For all insurance policies, the policy owner will be given a 14 days "free look" period from receipt of policy document as stated in the policy terms and conditions.
Cancelling your policy within the "free look" period will mean that the whole policy is cancelled and there will not be any insurance coverage from the particular policy thereafter. If you have gone for a medical examination for the policy, any medical cost incurred will be borne by you.
The terms and coverage of your policy will not be affected in any way. In the event that the MoneyOwl representative who has been serving you leaves the company, we will assign another adviser to take over your account so that you will always have a trusted adviser to go to.
Supplementary Retirement Scheme (SRS)
*The statutory retirement age is the prevailing age when you made your first SRS contribution. Currently, it is 62.
- are at least 18 years old;
- are not undischarged bankrupts; and
- are not of unsound mind.
- Only 50% of the withdrawal amount for the year are taxable as income
- No penalty on the amount withdrawn
- 100% of the withdrawal amount for the year are taxable as income
- 5% penalty on the amount withdrawn
- Death or Terminal Illness
- 50% of net withdrawal amount (after deducting up to a limit of $400,000) are taxable
- Medical grounds
- 50% of withdrawal amount are taxable
- Bankruptcy
- 100% of withdrawal amount are taxable
- Full withdrawal by a foreigner, provided he/she must have maintained the SRS account for at least ten years from the date of the first contribution and have been a non-Singaporean for a continuous period of ten years before the date of withdrawal.
- 50% of withdrawal amount are taxable
*The statutory retirement age is the prevailing age when you made your first SRS contribution. Currently, it is 62.
- Singapore Savings Bonds
- Insurance products
- Managed Investments
- How to Save on Taxes Using the SRS
- Here’s How to Use Your Funds in the SRS
- A Visual Guide to SRS Part I
- A Visual Guide to SRS Part II
Privacy and Security
The terms and coverage of your policy will not be affected in any way.
In the very unlikely event that MoneyOwl closes down, you may still proceed directly to the insurance company for your policy to be serviced.
Your privacy is our priority. We will not pass on your particulars or information to any third party, financial institutions or salespeople.
It is important that we hear from you about your questions. Do let us know about your queries via email at enquiries@moneyowl.com.sg or give us a call at 6329 9188 between Mondays-Fridays (excluding public holidays), 9am-6pm.
