Etiqa Insurance Introduces Enhanced Tiq Home Insurance To Woo Residents In Singapore

October 02, 2018 - 04:44
Etiqa Insurance Introduces Enhanced Tiq Home Insurance To Woo Residents In Singapore

SINGAPORE - Media OutReach - 2 October 2018 - Barely three months since thelaunch of Tiq Home Insurance,Etiqa is doing its best to entice residents in Singapore by introducingenhanced benefits to its home protection plan with no adjustment to premiums.Committed to its mission of humanising insurance, the innovative digitalinsurer has added more benefits to TiqHome Insurance following feedback from their valued customers.


Tiq HomeInsurancedebuted in June 2018 with benefits that were specially selected based on aninternal consumer study on common household concerns. The new product launchstarted off with a bang, unveiled through an exciting campaign endorsed by'Singapore Boy', Hossan Leong. The plan provides flexible coverage withbenefits designed to meet consumers' needs and is conveniently available foronline purchase.


"TiqHome Insurance is a great product that offers homeowners the option offlexible coverage to suit their needs. Nonetheless, we understand there isno-one-fits-all solution and there is always room for improvement.  We need to keep up with changing consumertrends and preferences," said Sue Chi Kong, Chief Executive Officer of EtiqaInsurance Pte. Ltd.


Following the launch of Tiq Home Insurance, customer feedback have been consistentlycollected and evaluated, with the overall results ensuing Etiqa to introducenew benefits or enhancements to keep existing customers satisfied and at thesame time, attract more residents in Singapore to purchase its home protectionplan. The added benefits include coverage for professional fee, theft of money,and an expanded definition for the first-in-market feature, Emergency CashAllowance, which now allows a partial payout of emergency cash if the policyholder'shome is at least 50% uninhabitable as deemed by the loss assessor.


Sue added, "These enhanced benefits will alsobe extended to our customers who have previously purchased Tiq Home Insurance, at no additional premiums. We aim to create thebest experience for our customers by constantly listening to their feedback andmaking timely improvements." Etiqa Insurance announced that existing customerswill receive an email and updated policy documents to reflect the newlyenhanced home protection policy.


Starting from as low as S$28, the newlyenhanced Tiq Home Insurancecontinues to provide assurance to homeowners and tenants, living up to itscampaign slogan "Your home sure okay. Double confirm!" For a limited time only,Etiqa Insurance is giving away a complimentary Google Home Mini (worth S$79)with every purchase of the newly launched TiqHome Insurance (5-year plan).


For more details and terms and conditions ofthe newly enhanced Tiq Home Insurance,please visit:


Etiqa Insurance-- A Singapore Insurance Company with Asian and International Expertise

Etiqa Insurance Pte. Ltd. isa licensed life and general insurance company registered in the Republic ofSingapore and regulated by the Monetary Authority of Singapore (MAS). In July 2017, Fitch affirmed the company's "A-" rating for itsfinancial strength and stable outlook.  

Etiqa has been protecting Singaporeans since 1961 witha range of general insurance solutions that constantly evolve to meet theirever-changing needs. As the appointed insurer for the Housing Development Board(HDB) Fire Insurance Scheme in Singapore, we have been protecting homes since2009. In August 2014, we added a comprehensive suite of life insurancesolutions to our stable of products.

Etiqa is owned by Maybank Ageas Holdings Berhad, ajoint venture company that combines local market knowledge with internationalinsurance expertise. The company is 69% owned by Maybank, one of Asia's leadingbanking groups with more than 22 million customers worldwide in 20 countries;and 31% by Ageas, an international insurance group with 33 million customersacross 16 countries and a heritage that spans over 180 years, with a focus toprovide world class insurance solutions to consumers in Europe and Asia throughmarket leading joint ventures.

At Etiqa, we believe in our brand promise ofhumanising insurance, by placing people over policies in everything we do. Weare passionate about helping Singaporeans protect themselves and their lovedones today and helping them plan for a financily secure tomorrow.