SINGAPORE - Media OutReach - 7 December 2018 - EtiqaInsurance Singapore introduces Tiq Travel Insurance with Pre-Ex plans thatcover pre-existing medical conditions for travellers, an essential feature thatis not commonly offered with local travel insurance plans. Consumers can alsoenjoy the flexibility to customise their travel protection plan with add-ons suchas child education cover and pet hotel cover.

Thenewly launched Tiq Travel Insurance offersthree options under its Pre-Ex plans to suit varying degree of protectionneeds. The coverage includes overseas medical and hospital expenses of up toS$150,000, and emergency medical evacuation and repatriation of up to S$250,000in the event a traveller suffers any illnesses due to a pre-existing medicalcondition during the trip.

"Whileawareness on travel insurance is generally higher than other life insuranceproducts, many are unaware that most insurance companies do not cover expensesor losses that are incurred as a result of existing medical conditions duringone's travel, and these costs can be substantial." said Sue Chi Kong, ChiefExecutive Officer of Etiqa Insurance Pte. Ltd., referring to a high-profilecase in 2017 when a Singapore family incurred S$250,000 of unsubsidisedhospitalisation bill in Japan after the father suffered a cardiac arrest duringthe vacation.

Sue adds,"With increasing cases of invisible diseases amongst young people, the ageingpopulation in Singapore, and the high cost of overseas medical treatment, thereis a need for greater awareness and more relevant protection plans forSingaporeans who love to travel."

The new TiqTravel Insurance also offers optional add-ons, meeting the needs of travellersbased on learnings from Etiqa's recent in-house consumers' study. These valueadd-ons such as Pet Hotel Cover, Rental Car Excess Cover, Sports EquipmentProtector and Child Education Cover are designed to address concerns thattravellers might have due to unexpected encounters during their trip.

In order tocater to changing travellers' demographics, travel style and party composition,Tiq Travel Insurance can be purchased for individuals, married couples, familyof up to 6 adults, and group of up to 10 people. Individuals who are travellingtogether as a group can purchase different plans that cater to individuals'protection needs and preference under the group insurance.

Known forits customer-centric products, Etiqa Insurance is the first insurer inSingapore to offer automated flight delay claims with instant pay out in theunfortunate event of a flight delay. At present, Tiq Travel Insurance is theonly travel protection plan in Singapore that offers flight delay benefits uponthree consecutive hours of delay, as opposed to industry's norm of minimum sixhours' delay.

To find outmore about Tiq Travel Insurance, please visit: https://po.st/TiqTravel

Etiqa Insurance -- A Singapore Insurance Company withAsian and International Expertise

Etiqa Insurance Pte. Ltd. is a licensed life and general insurancecompany registered in the Republic of Singapore and regulated by the MonetaryAuthority of Singapore (MAS). In July 2017, Fitchaffirmed the company's "A-" rating for its financial strength and stableoutlook.  

Etiqa has beenprotecting Singaporeans since 1961 with a range of general insurance solutionsthat constantly evolve to meet their ever-changing needs. As the appointedinsurer for the Housing Development Board (HDB) Fire Insurance Scheme inSingapore, we have been protecting homes since 2009. In August 2014, we added acomprehensive suite of life insurance solutions to our stable of products.

Etiqa is owned byMaybank Ageas Holdings Berhad, a joint venture company that combines localmarket knowledge with international insurance expertise. The company is 69%owned by Maybank, one of Asia's leading banking groups with more than 22million customers worldwide in 20 countries; and 31% by Ageas, an internationalinsurance group with 33 million customers across 16 countries and a heritagethat spans over 180 years, with a focus to provide world class insurancesolutions to consumers in Europe and Asia through market leading joint ventures.

At Etiqa, we believe inour brand promise of humanising insurance, by placing people over policies ineverything we do. We are passionate about helping Singaporeans protectthemselves and their loved ones today and helping them plan for a financiallysecure tomorrow.