The Group Property insurance industry has been around for many years.
But it’s only recently that the insurance companies have started to take advantage of the fact that they’re now able to offer individual property insurance policies.
According to the Insurance Regulatory Commission of Singapore, there are more than 3.2 million policies available to consumers, and some are even bigger than that.
The average policy costs Singaporeans $12,000, while it can cost as much as $70,000 for policyholders.
The industry is booming, and there’s been a growing demand for policies since they were introduced in 2016.
The government is keen to encourage the market for policies, and the insurance industry is stepping up to offer policies for the first time.
With Group Property policy premiums rising every year, the insurance company is now looking to raise its rates to a level that reflects the market’s needs.
Here’s what you need to know about Group Property policies: How much does Group Property insure?