Common use of Industry Dispute Resolution Clause in Contracts

Industry Dispute Resolution. Centre (FIDRec) We are a member company of the Financial Industry Dispute Resolution Centre (FIDRec), which is an independent and impartial institution set up to resolve disputes between financial institutions (FIs) and retail consumers. The jurisdiction of FIDRec extends to claims up to S$100,000. FIDReC’s services are available to complainants who are individuals or sole proprietors. Further information can be found on FIDRec website at xxxx://xxx.xxxxxx.xxx.xx. 13 Policy Owners’ Protection Scheme The Policy Owners’ Protection Scheme protects policy owners in the event a life or general insurer which is a PPF Scheme member fails. The PPF Scheme provides 100% protection for the guaranteed benefits of your life insurance policies up to the applicable caps. No caps are applicable for general insurance policies. The Singapore Deposit Insurance Corporation (“SDIC”) administers the Policy Owners’ Protection Scheme in Singapore. If your PPF Scheme member fails, SDIC will provide details on the status of your policies. You don’t need to file any special claims to be entitled to SDIC coverage. SDIC will make announcements through TV, newspapers and at the premises of the affected insurer. The list of PPF Scheme members and type of insurance products protected are posted on SDIC’s website at xxx.xxxx.xxx.xx.

Industry Dispute Resolution. Centre (FIDRec) We are a member company of the Financial Industry Dispute Resolution Centre (FIDRec), which is an independent and impartial institution set up to resolve disputes between financial institutions (FIs) and retail consumers. The jurisdiction of FIDRec extends to claims up to S$100,000. FIDReCFIDRec’s services are available to complainants who are individuals or sole proprietors. Further information can be found on FIDRec website at xxxx://xxx.xxxxxx.xxx.xx. 13 Policy Owners’ Protection Scheme The Policy Owners’ Protection Scheme protects policy owners in the event a life or general insurer which is a PPF Scheme member fails. The PPF Scheme provides 100% protection for the guaranteed benefits of your life insurance policies up to the applicable caps. No caps are applicable for general insurance policies. The Singapore Deposit Insurance Corporation (“SDIC”) administers the Policy Owners’ Protection Scheme in Singapore. If your PPF Scheme member fails, SDIC will provide details on the status of your policies. You don’t need to file any special claims to be entitled to SDIC coverage. SDIC will make announcements through TV, newspapers and at the premises of the affected insurer. The list of PPF Scheme members and type of insurance products protected are posted on SDIC’s website at xxx.xxxx.xxx.xx.

Industry Dispute Resolution. Centre (FIDRec) We are a member company of the Financial Industry Dispute Resolution Centre (FIDRec), which is an independent and impartial institution set up to resolve disputes between financial institutions (FIs) and retail consumers. The jurisdiction of FIDRec extends to on claims between insureds and insurance companies is up to S$100,000. FIDReC’s services are available to complainants who are individuals or sole proprietors. Further information can be found on FIDRec website at xxxx://xxx.xxxxxx.xxx.xx. 13 Policy Owners’ Protection Scheme The Policy Owners’ Protection Scheme protects policy owners in the event a life or general insurer which is a PPF Scheme member fails. The PPF Scheme provides 100% protection for the guaranteed benefits of your life insurance policies up to the applicable caps. No caps are applicable for general insurance policies. The Singapore Deposit Insurance Corporation (“SDIC”) administers the Policy Owners’ Protection Scheme in Singapore. If your PPF Scheme member fails, SDIC will provide details on the status of your policies. You don’t need to file any special claims to be entitled to SDIC coverage. SDIC will make announcements through TV, newspapers and at the premises of the affected insurer. The list of PPF Scheme members and type of insurance products protected are posted on SDIC’s website at xxx.xxxx.xxx.xx.