Singapore Deposit Insurance Corporation (SDIC) administers the Deposit Insurance (DI) Scheme for the protection of insured depositors of full banks and finance companies in Singapore, and the Policy Owners’ Protection (PPF) Scheme for the protection of policy owners of insured policies of direct life and general insurers in Singapore.A key mandate of SDIC is to raise public awareness of the features of the DI Scheme and PPF Scheme through developing and implementing a public education strategy and programme. Other functions include formulating policies and rules for disclosure and enforcing compliance by Scheme members; and developing a crisis communications plan and executing the plan when the need arises.
Singapore Deposit Insurance Corporation (SDIC) administers the Deposit Insurance (DI) Scheme for the protection of insured depositors of full banks and finance companies in Singapore, and the Policy Owners’ Protection (PPF) Scheme for the protection of policy owners of insured policies of direct life and general insurers in Singapore.A key mandate of SDIC is to raise public awareness of the features of the DI Scheme and PPF Scheme through developing and implementing a public education strategy and programme. Other functions include formulating policies and rules for disclosure and enforcing compliance by Scheme members; and developing a crisis communications plan and executing the plan when the need arises.
Singapore Deposit Insurance Corporation (SDIC) administers the Deposit Insurance (DI) Scheme for the protection of insured depositors of full banks and finance companies in Singapore, and the Policy Owners’ Protection (PPF) Scheme for the protection of policy owners of insured policies of direct life and general insurers in Singapore.A key mandate of SDIC is to raise public awareness of the features of the DI Scheme and PPF Scheme through developing and implementing a public education strategy and programme. Other functions include formulating policies and rules for disclosure and enforcing compliance by Scheme members; and developing a crisis communications plan and executing the plan when the need arises.