Insure for protection, not because it’s ‘free’

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Be wary of online deals by unknown insurers that offer a full refund of premiums

One ad widely available on YouTube offered critical illness cover with an extraordinary offer.

Insure for protection, not because it's 'free'

Tan Ooi BoonInvest Editor

Is there such a thing as a fully refundable insurance policy that will pay you back every cent you have put in, if you do not make a claim?

Well, yes, if you believe some of the videos circulating on social media. One of these videos explains how the “policy” works:

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