Assignment of Policy

An absolute assignment is a transfer of ownership of an insurance policy from the policy owner ("Assignor") to another individual or entity ("Assignee"). With the transfer, the Assignor will lose all rights over the policy and the Assignee will become the new policy owner.

After an assignment is registered by us, all correspondence relating to the assigned policy will be sent to the Assignee and the Assignor will no longer be able to access information on the policy.

To assign your policy, you must execute a Deed of Assignment along with the Notice of Assignment. Both the Assignor and Assignee must be at least 18 years old.

You may download the Deed of Assignment (including the Notice of Assignment) from our Forms Library by clicking here.

Once completed, please send the form to us at CustomerCare@chinalife.com.sg. Alternatively, both the Assignor and the Assignee may visit our Customer Service Center to complete the assignment in person.

1. Assignor's Documents
   • Copy of NRIC/Passport
2. Assignee’s Documents (Individual)
   • Copy of NRIC/Passport
   • Proof of Address^#
   • Completed Foreign Account Tax Compliance Act (FATCA)/ Common Reporting Standard (CRS) Individual Self-Certification Form
3. Assignment Between Spouses or Parent & Child
   • Certified true copy of the Marriage Certificate (for spouses)
   • Certified true copy of the Birth Certificate (for parent-child)
4. Assignee’s Documents (For an Entity Registered or Incorporated in Singapore) :

   Documents Required	Sole Proprietorship owned by an individual	Sole Proprietorship owned by an entity	Partnership	Private Limited Company	Club, Society or Association
   Certified true copy+ of: NRIC (Singaporeans and Singapore permanent residents); or passport and proof of address# (foreigners), of all authorised signatories*,directors,office bearers and beneficial owners^
   ACRA Business Profile or Certificate of Registration
   Certified copy of Constitution (signed by at least 2 directors or a director and secretary*)
   Certified copy of By-laws (signed by at least 2 office bearers entrusted with different functions, e.g. chairman and secretary*)
   Board Resolution (signed by at least 2 directors or a director and secretary*)
   Resolution or Minutes of Meeting of Management Committee authorising the assignment and appointment of authorised signatories (signed by at least 2 office bearers entrusted with different functions, e.g. chairman and secretary*)
   Certified list of office bearers or certified Minutes of Meeting reflecting list of office bearers (signed by at least 2 office bearers entrusted with different functions, e.g. chairman and secretary*)
   Certified copy of Limited Liability Partnership Agreement			(for limited liability partnership only)
   Copy of latest audited accounts
   Completed Foreign Account Tax Compliance Act (FATCA) / Common Reporting Standard (CRS) INDIVIDUAL SELF-CERTIFICATION FORM
   Completed Foreign Account Tax Compliance Act (FATCA) / Common Reporting Standard (CRS) ENTITY SELF-CERTIFICATION FORM

   • For an Assignee who is not an individual and is not one of the entities listed above, please contact us for the documentary requirements.
   • If the policy is to be held in trust, our Trust Declaration form must be completed.
5. If the policy premium is paid via GIRO (where applicable), the assignee must submit a new GIRO application form. If the GIRO payment is made from a third-party payer’s account (only parents, spouses, or children are permitted), a certified true copy⁺ of the third-party payer’s NRIC or passport must be provided.

Note:

^#"Proof of address" means recent (i.e. dated not more than 3 months before the date of the Notice of Assignment) original copy or certified true copy of utility or telephone bill, statement from a Singapore bank or correspondence from a government agency.

⁺Only lawyers, notaries public, appointed representatives of our authorised distributors or our customer service staff may certify copies of required documents to be true copies.

*All signatories must be present at our office with their NRIC/Passport and the entity stamp of the Assignee to complete the assignment process.

^{^}"Beneficial owner" means the natural person who ultimately owns or controls the customer or the natural person on whose behalf business relations are established, and includes any person who exercises ultimate effective control over a legal person or legal arrangement.

If you need further assistance, please call our Customer Care Hotline at +65 6727 4800, between 9.00am and 5.30pm from Mondays to Fridays (excluding Public Holidays) or send us an email at  CustomerCare@chinalife.com.sg