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SINGLE PREMIUM POPUP STATEMENT PURSUANT TO SECTION 25(5) OF THE INSURANCE ACT (CHAPTER 142), YOU ARE TO DISCLOSE IN RESPECT OF THIS APPLICATION, FULLY AND FAITHFULLY ALL FACTS WHICH YOU KNOW OR OUGHT

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What is single premium top-up?

Single premium top-up is a payment made by an individual or entity to increase the value of an existing insurance policy in a lump sum, rather than through regular premium payments.

Who is required to file single premium top-up?

The individual or entity who wants to increase the value of their existing insurance policy through a lump sum payment is required to file a single premium top-up.

How to fill out single premium top-up?

To fill out a single premium top-up, you need to provide the necessary information such as policy details, the amount of the top-up, and any additional instructions or preferences. This can usually be done by contacting your insurance provider or accessing their online platform.

What is the purpose of single premium top-up?

The purpose of a single premium top-up is to enhance the value of an existing insurance policy by injecting a lump sum payment, which can potentially increase the policy's benefits and coverage.

What information must be reported on single premium top-up?

The information to be reported on a single premium top-up may include policy number, name of the policyholder, premium amount, effective date, payment method, and any additional details required by the insurance company.

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