Insurance (Nomination of Beneficiaries) Regulations 2009

if the document is completed in hard copy form — at the time that the person receives an original copy of the document; or

if the document is completed in electronic form — at the time that the person receives, in accordance with the Electronic Transactions Act 2010, an electronic communication containing the electronic form.

the making of a nomination under section 132(2) of the Act;

the making of a nomination under section 133(2) of the Act on the policy owner’s behalf in accordance with regulation 5A;

the revocation under section 132(7) of the Act of a nomination under section 132(2) of the Act, on the policy owner’s behalf in accordance with regulation 5B; or

the revocation under section 133(4) of the Act of a nomination under section 133(2) of the Act, on the policy owner’s behalf in accordance with regulation 5B.

every signatory to the electronic form must sign the form using his or her secure electronic signature; and

the electronic form must be submitted to the licensed insurer that issued the relevant policy, by use of an electronic system designated by the licensed insurer for that purpose.

by the policy owner in the manner set out in the form; and (b)by 2 appropriate signatories who must witness the signing of the form by the policy owner in person, and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form.

by the policy owner in the manner set out in the form;

by either —

any trustee of the policy moneys payable under the relevant policy (not being the policy owner) in the manner set out in the form; or

each nominee who has attained the age of 18 years, and a parent or legal guardian (not being the policy owner) of each nominee who is below the age of 18 years, in the manner set out in the form; and

by 2 appropriate signatories, both of whom must either —

witness the signing of the form by the policy owner and each of the persons mentioned in sub‑paragraph (b)(i) or (ii) (as the case may be) in person or by means of any audiovisual link, and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form; or

sign the form without witnessing the signing mentioned in sub‑paragraph (i), and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form.

the appointment, or the revocation of the appointment, under section 132(12) of the Act of any trustee of the policy moneys payable under a relevant policy (Form 3);

the making of a nomination under section 133(2) of the Act in respect of a relevant policy (Form 4); or

the revocation under section 133(4) of the Act of a nomination under section 133(2) of the Act in respect of a relevant policy (Form 5),must be signed —

by the policy owner in the manner set out in the form; and

by 2 appropriate signatories, both of whom must either —

witness the signing of the form by the policy owner in person or by means of any audiovisual link, and make the declarations with respect to the matters set out in paragraph (10), in the manner set out in the form; or

sign the form without witnessing the signing mentioned in sub‑paragraph (i), and make declarations with respect to the matters set out in paragraph (10), in the manner set out in the form.

is not the policy owner of the relevant policy; (b)has attained the age of 21 years; and

is not a nominee or the spouse of a nominee.

the policy owner completed and signed the form; (b)the policy owner understands the purpose of the form and the effect of his or her completion and signing of that form; and

no fraud or undue pressure has been used to induce the policy owner to make a nomination, appoint a trustee, revoke the appointment of a trustee or revoke a nomination (as the case may be) as set out in the form.

any relevant policy that is a supplementary disability insurance policy;

any relevant policy purchased using funds from a person’s SRS account under the Supplementary Retirement Scheme.

the name of the licensed insurer that issued the relevant policy;

the policy number;

the name of each beneficiary to whom any portion (including the whole) of the death benefits under the relevant policy is bequeathed;

where a beneficiary referred to in sub-paragraph (c) is an individual, the following particulars of the beneficiary:

his or her Singapore National Registration Identity Card (NRIC) number or Singapore birth certificate number (if he or she is a citizen or permanent resident of Singapore), or his or her foreign passport number and the jurisdiction which issued his or her foreign passport (if he or she is not a citizen or permanent resident of Singapore);

his or her address; and

his or her date of birth;

where a beneficiary referred to in sub-paragraph (c) is not an individual, the following particulars of the beneficiary:

the Singapore unique entity number of the beneficiary or, if the beneficiary does not have such a number, any other official registration number which identifies and is unique to the entity; and

the address of the beneficiary; and

the portion of the death benefits under the relevant policy which is bequeathed to each beneficiary.

a duly completed Form 6 pertaining to the revocation; or

a letter informing the licensed insurer of the assignment or encumbering of, or the dealing with, the relevant policy or any interest under the relevant policy, and enclosing a certified copy of any document evidencing the assignment, encumbering or dealing.

a duly completed Form 6 pertaining to the revocation; or

a certified copy of a will referred to in section 133(7)(b) of the Act pertaining to the relevant policy.

state that it is signed by the policy owner acting by the authorised person;

be signed by the authorised person with the names of the policy owner and the authorised person;

be signed by the authorised person in the presence of 2 witnesses (each being an individual who has attained the age of 21 years and is not a nominee or the spouse of a nominee, and each of whom shall also sign the form); and

be sealed with the official seal of the court.

the completion of Form 1 in accordance with paragraph (3); and

the lodgment of that Form with the licensed insurer that issued the relevant policy.

the completion of Form 4 in accordance with paragraph (3); and

the lodgment of that Form with the licensed insurer that issued the relevant policy.

the policy owner had the capacity to make the nomination; and

the nomination had been made by the policy owner in accordance with Part 3C of the Act and these Regulations.

state that it is signed by the policy owner acting by the authorised person;

be signed by the authorised person with the names of the policy owner and the authorised person;

be signed, in the presence of 2 witnesses (each being an individual who has attained the age of 21 years and is not a nominee or the spouse of a nominee, and each of whom shall also sign the form), by the authorised person and by —

any trustee of the policy moneys payable under the relevant policy (not being the policy owner); or

each nominee who has attained the age of 18 years and a parent or legal guardian (not being the policy owner) of each nominee who is below the age of 18 years; and

be sealed with the official seal of the court.

the completion of Form 2 in accordance with paragraph (3); and

the lodgment of that Form with the licensed insurer that issued the relevant policy.

state that it is signed by the policy owner acting by the authorised person;

be signed by the authorised person with the names of the policy owner and the authorised person;

be signed by the authorised person in the presence of 2 witnesses (each being an individual who has attained the age of 21 years and is not a nominee or the spouse of a nominee, and each of whom shall also sign the form); and

be sealed with the official seal of the court.

the completion of Form 5 in accordance with paragraph (5); and

the lodgment of that Form with the licensed insurer that issued the relevant policy.

the policy owner had the capacity to revoke the nomination; and

the nomination had been revoked by the policy owner in accordance with Part 3C of the Act and these Regulations.

a licensed insurer shall have received written notice of a nomination under section 132(2) of the Act when the duly completed Form 1 pursuant to which the nomination was made is lodged with the licensed insurer; and

a licensed insurer shall have received written notice of a nomination under section 133(2) of the Act when the duly completed Form 4 pursuant to which the nomination was made is lodged with the licensed insurer.

a licensed insurer shall have received written notice of the revocation, under section 133(4) of the Act, of a nomination under section 133(2) of the Act, when the duly completed Form 5 pertaining to the revocation is lodged with the licensed insurer;

a licensed insurer shall have received written notice of the revocation, under section 133(5)(a) of the Act, of a nomination under section 133(2) of the Act, when a letter informing the licensed insurer of the death of every nominee, and enclosing, in respect of each deceased nominee, a certified copy of the deceased nominee’s death certificate, is lodged with the licensed insurer;

a licensed insurer shall have received written notice of the revocation, under section 133(7)(a) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when —

a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or

a letter informing the licensed insurer of the assignment or encumbering of, or the dealing with, the relevant policy or any interest under the relevant policy, and enclosing a certified copy of any document evidencing the assignment, encumbering or dealing, is lodged with the licensed insurer;

a licensed insurer shall have received written notice of the revocation, under section 133(7)(b) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when —

a duly completed Form 6 pertaining to the revocation is lodged with the licensed insurer; or

a certified copy of a will referred to in section 133(7)(b) of the Act pertaining to the relevant policy is lodged with the licensed insurer; and

a licensed insurer shall have received written notice of the revocation, under section 133(7)(c) of the Act, of a nomination under section 133(2) of the Act pertaining to a relevant policy, when a Form 1 or Form 4 pertaining to the relevant policy which was duly completed after the making of the nomination is lodged with the licensed insurer.