For WIC insurance policies starting between 1 September 2020 and 31 December 2020, insurers can voluntarily align their policy with the WICA 2019 compulsory terms. Insurers must not affix the policy jacket, and MOM will continue to process fatal / PI claims. These policies must expire before 1 January 2022.
For WIC insurance policies starting before 1 September 2020, insurers can voluntarily align with the WICA 2019 compulsory terms. As this policy is governed by WICA (Chapter 354), insurers are reminded to amend references to the Act as necessary.