In conjunction with the implementation of the new legal provisions in the Insurance Act on beneficiary nominations, the Life Insurance Association Singapore (LIA) issued a consumer guide, Your Guide to the Nomination of Insurance Nominees, in 2009.
The Guide has since been revised, with effect from 1 January 2013, to reflect the FATWA ruling that Muslim policy owners may make both Trust and Revocable nominations over their life policies or accident and health insurance policies with death benefits.
The revised Guide can be found here.
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