Etiqa introduces insurance savings plan with guaranteed 3% p.a. returns and free partial withdrawal benefit

April 01, 2019 - 04:00
Etiqa introduces insurance savings plan with guaranteed 3% p.a. returns and free partial withdrawal benefit

SINGAPORE - MediaOutReach - 1 April 2019 - Etiqa Insurance Pte. Ltd., the pioneer inonline insurance savings plans in Singapore, has launched SAVE3, its latest non-participating insurancesavings plan that offers an attractive guaranteed payout of 3% per annum forthe first 6 years. Ideal for individuals who are seeking wealth accumulationwith low risks, SAVE3 promises aguaranteed capital from the end of policy year 4, and accommodates free partialwithdrawal without penalty.


Providing the highest returns amongst Etiqa'snon-participating plans, SAVE3 alsooffers a non-guaranteed loyalty bonus, equivalent to 0.6% of the account value,which will be paid at the end of the 6th policy year, and at every subsequent 6policy year interval if no partial withdrawal is made.


This whole life insurance savings plan has afree partial withdrawal benefit, which can be exercised once during the first 6years of the policy, if specified conditions are met. 


Sue Chi Kong, Chief Executive Officer of EtiqaInsurance Pte. Ltd. said, "We recognise current challenges in the volatilemarket, and wish to provide a viable financial solution to consumers who areseeking healthy wealth growth with low risks." This is an affirmation to thecontinued commitment of Etiqa to place people over policies and providecompetitive rates to its customers.


Available for a limited tranche only, SAVE3 comprises similar attributes tothe popular EASY save series -- Singapore's first online insurance savingssolution, most notable for its competitive returns and ease of purchase.Following the lead, SAVE3 is nowavailable for online purchase on Tiq, Etiqa's new digital channel, which aimsto provide customers a simpler and more convenient insurance purchaseexperience.


Though SAVE3has a short premium payment term of two years, customers who opt for a one-timepremium payment can enjoy 3% off their first year premium amount.


For more information, 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 financially secure tomorrow.