SINGAPORE - Media OutReach - 26
June 2019 - Transit travellers in
Singapore can now enjoy travel protection with the enhanced Tiq Travel Insurance by Etiqa. The digital-first insurer takes the
lead to provide online travel insurance for foreigners on tourist visas, who
can now purchase the plan conveniently when they are in Singapore if they plan
to take return trip(s) from the island city.
In general, local travel insurers only provide
plans that are meant to be used by those residing in the country. Recognising
Singapore as a global business and tourism hub, Etiqa provides transit
travellers the flexibility and convenience to stay protected when they make
Singapore their travel base. This will largely benefit Visiting Friends and
Relatives (VFR) travellers and those whom they are visiting.
travellers come to Singapore to visit their friends and relatives who are
working or studying here, they may have plans to travel together. We see the
potential of VFR travel in Singapore, and wish to extend simple and convenient
travel protection to all." said Sue Chi Kong, Chief Executive Officer of Etiqa
Insurance Pte. Ltd. As of June 2018, foreigners, permanent residents and new
citizens make up over 40 per cent of the population in Singapore.
last December, Tiq
Travel Insurance is designed to cater to changing travellers'
demographics, travel style and party composition with features such as
three-generation family plan and automated flight delay benefits upon three
consecutive hours of delay, as opposed to industry's norm of minimum six hours'
present, overseas visitors with travel plans that begin and end in Singapore
can be covered under the Group, Family and Married Couple plans, as long as the
Policyholder is a Singapore citizen, permanent resident of Singapore or
foreigner residing in Singapore with a valid pass.
information on the enhanced Tiq Travel Insurance, please visit: http://po.st/TiqTravelEnhanced
Etiqa Insurance – A Singapore Insurance Company with Asian and International Expertise
Etiqa Insurance Pte. Ltd. is
a licensed life and general insurance company registered in the Republic of
Singapore and regulated by the Monetary Authority of Singapore (MAS). In July 2017, Fitch affirmed the company's "A-" rating for its
financial strength and stable outlook.
Etiqa has been protecting Singaporeans since 1961 with
a range of general insurance solutions that constantly evolve to meet their
ever-changing needs. As the appointed insurer for the Housing Development Board
(HDB) Fire Insurance Scheme in Singapore, we have been protecting homes since
2009. In August 2014, we added a comprehensive suite of life insurance
solutions to our stable of products.
Etiqa is owned by Maybank Ageas Holdings Berhad, a
joint venture company that combines local market knowledge with international
insurance expertise. The company is 69% owned by Maybank, one of Asia's leading
banking groups with more than 22 million customers worldwide in 20 countries;
and 31% by Ageas, an international insurance group with 33 million customers
across 16 countries and a heritage that spans over 180 years, with a focus to
provide world class insurance solutions to consumers in Europe and Asia through
market leading joint ventures.
At Etiqa, we believe in our brand promise of
humanising insurance, by placing people over policies in everything we do. We
are passionate about helping Singaporeans protect themselves and their loved
ones today and helping them plan for a financially secure tomorrow.