Sell to Us

If you are planning to sell your insurance policy to us, provide the following information for each policy and email to :

Reason(s) for selling [Declaration-only]

Endowment / Whole Life / Universal Life

  • Life insurer name

  • Policy name

  • Policy type

  • Inception date ['dd MMM yyyy' format]

  • Premium frequency

  • Premium amount

  • Premium paid to-date

  • Surrender value to-date

  • List of riders attached to the policy

  • Accumulated cash benefit plus interest [For policies with cash benefit e.g. PRUFlexicash]

  • Policy loan plus interest

  • Number of months of premium deferred and/or lapsed

  • Revised/post-sales policy illustration [PDF, file attachment]

101 ILP and Hybrid (101 ILP + savings)

  • Information listed in "Endowment / Whole Life / Universal Life"

  • Premium holiday (Yes/No)

  • Face value (Investment holdings) [Screenshot, file attachment]

  • Product summary [PDF, file attachment]

  • Fee structure, if not included in product summary [PDF, file attachment]

  • Early encashment charge table or early surrender penalty table, if not included in product summary [PDF, file attachment]

For file attachments, you may hide the policyholder name and life assured name.

We will then reply if we are buying-over the policy(s) with an offer price for each policy.


  • We do NOT buyover protection ILPs and term policies.

  • We do NOT buyover ILPs that have partial withdrawals to-date.

The following image is the overview of the flowchart for the policy buy-over:

Flowchart on how to sell your insurance policy to PolicyWoke.

For each policy, if we have replied you with a quotation, you can decide whether to accept the offer or not. If you accept the offer, the following is the basic procedural flow in steps:

  1. Click on the PolicyWoke Assignment-in Form for you to read and decide if you agree to the terms.

  2. If you agree to the terms stated in the PolicyWoke Assignment-in Form, we will schedule and book an appointment with the insurer to meet at their customer service centre.

  3. On appointment day outside the customer service centre, we will show you the hard-copy of the same PolicyWoke Assignment-in Form for you to confirm that the terms are the same as the soft-copy one.

  4. After confirmation in step 3), we will proceed to enter the customer service centre to do the absolute assignment of the policy.

  5. After the absolute assignment of the policy, we will complete and sign off the PolicyWoke Assignment-in Form, and we will transfer you the funds equal to our buy-over price via cheque, PayNow or FAST. We will also give you a copy of the completed PolicyWoke Assignment-in Form.

©2020 by PolicyWoke Pte. Ltd. 
PolicyWoke Pte. Ltd. (201936556K) is not licensed, approved, registered or otherwise regulated by the Monetary Authority of Singapore or any other applicable regulator in Singapore or otherwise in respect of any of its activities, nor does it hold itself out as being so licensed, approved, registered or otherwise regulated.
PolicyWoke Pte. Ltd. does not hold itself out to be carrying on any activities which would require them to be so licensed, approved, registered or otherwise regulated (including but not limited to regulated activities under the Securities and Futures Act (Cap.289) and financial advisory services under the Financial Advisors Act(Cap.110) of Singapore).