Introducer Program
The success of our Introducer arrangement with our partner can only be possible if you have a positive and rewarding experience with our services.
Our Objectives
- To introduce PropNex Salespersons’ Clients to a wide range of Financial Services such as Insurance and Investments.
- To help Financial Consultants and PropNex Salespersons understand the requirements under the Financial Adviser Act.
- To ensure proper and timely payment of Introducer fees to PropNex Salespersons.
Introducing Activity Process
Establishing the working relationship between Financial Consultants and PropNex Salespersons.
Client Identification
Salesperson knows of someone who just bought a property and needs mortgage insurance.
Obtain Consent
Salesperson will obtain Client's consent before informing SingCapital Pte Ltd through email.
Fact-Find Discussion
Financial Consultant will contact Client for a fact-find discussion.
Recommendation & Sale
The Financial Consultant will provide appropriate recommendations and proceed with the sale (if any).
Notification of Completion
Financial Consultant will notify Salesperson of the completion of application or transaction.
Fee Payment
Introducer Fee will be paid to Salesperson after policy has been incepted.
Remuneration
The Company will pay a one-time introducer fee arising from the introduction of the Client to The Company, which may be amended at any time by The Company at its sole discretion by giving thirty days written notice to the Introducer. Please note that only first-year premiums are eligible for Introducer Fees.
Introducer fees are payable only for completed sales after product’s free-look period. No fees will be payable for merely introducing people if no sales are made. You will be notified once the Introducer Fee is paid to your bank account.
Introducer Fees are calculated based on the recommended percentage against Gross Commission.
Script for Introducer
"I am an appointed Introducer for SingCapital Pte Ltd."
"I am not a Financial Adviser Representative and I cannot advise you on any Financial products or services. However, I would like to introduce you to SingCapital Pte Ltd, a Financial Adviser Firm licensed by MAS. You can visit www.singcapital.com.sg for more information."
"[Financial Representative], who is a MAS licensed Financial Representative from SingCapital will be advising you. There is no obligation on your part."
"If you find that he/she can be of service to you, I can arrange an appointment with him/her and be present to introduce you. Alternatively, I can get him/her to contact you directly for an appointment."
"If it is alright with you, I will provide your particulars to SingCapital for them to contact you."
"I also would like to inform you that SingCapital will be giving me an Introducer fee."
Only if requested: "The Introducer fee is: [Agreed] % of commission for Life Insurance Products / Collective Investment Schemes."
Personal Data Protection Act (PDPA)
The Introducer undertakes that:
- Any Client that is introduced to SingCapital Pte Ltd has been notified of the purpose of the collection, use and disclosure of his/her personal data to the company.
- The Client has consented to the collection, use and disclosure of his/her personal data to SingCapital Pte Ltd and that proof of such consent may be produced by the Introducer upon reasonable request from SingCapital Pte Ltd.
- The Introducer shall comply with the PDPA and all subsidiary legislation related thereto.
Introducer’s personal data collected by SingCapital Pte Ltd will be used for identification purposes in all our administration.
Application Form
Fill out the form below to join our Introducer Program.
