Insurance Guarantee

MLAS has negotiated with Daglen to provide and ROM to accept the required Guarantee from AXA Insurance – for an annual premium of $350(not inclusive of GST). Non MLAS Members have to pay $500(not inclusive of GST).

The following documents are required:

  1. Renewal Letter from the Registrar or Date of termination of Licence.
  2. ACRA printout of the moneylender.
  3. Quarterly report to the Authority if paid up capital is less than $100,000
  4. Photocopy IC of the guarantors (usually the directors of the company) and the witness who sign the indemnity form.
  5. Cheque ($374.50) payable to AXA Insurance Singapore Pte Ltd.
  6. Indemnity form duly signed by the guarantors.
  7. Valid MLAS Membership Certificate

For further details please contact:

Daglen Pte Ltd
Daren Ong – Wang YuCai
Tel: +65 6837 0010
Fax: +65 6837 0020
Mobile: +65 9023 4863
Email: daren@daglen.com