SINGAPORE - MediaOutReach - 8 August 2019 - EASYsave series by Etiqa Insurance isback by popular demand. Amid slowing market growth, the pioneer in onlineinsurance savings plans continues to offer competitive returns with eEASY save V at a high guaranteed creditingrate of 2.68% p.a. and eEASY saveprofeaturing illustrated returns of up to 4.07% p.a1.
Sinceits debut in 2017, EASY save seriesis designed to tailor to the customer's appetite, savings horizon andaspirations. Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd.said, "We are humbled by the demand for our award-winning EASY save series and we are constantly enhancingour offerings to meet the evolving needs of the modern day consumer. With ourcompetitive crediting rates and added features, we hope more people will beable to benefit from our products."
Forthe financially savvy, eEASY save V is a non-participatingplan with enhanced features such as a free partial withdrawal benefit2and non-guaranteed loyalty bonus equivalent to 0.6% of the Account Value.Customers can choose to surrender their policy after 6 years with no charges orcontinue saving with crediting rates based on market prevailing rates.
Financiallyastute customers can look towards eEASY savepro -- aparticipating plan -- to yield higher potential returns of up to 4.07% p.a.,with choice of policy term from 7 to 15 years. With an upgraded insurer ratingof 'A' (Strong) by Fitch Ratings, Etiqa reflects a favourable business profileand 'Very Strong' capitalisation, providing assurance to potential customers.
Early Saver and Same-Day FullPayment Promotion
Similarto previous tranche, the first few customers to purchase daily can enjoyinstant rewards and stand a chance to receive shopping vouchers up to S$7,500^.In addition, those who make payment for the lump sum premium within the sameday will receive upfront premium discounts.
Planscan be purchased online with ease. A quote can be generated in a few simplesteps and approval is immediate. For more information, please visit https://po.st/EASYsave.
1Based on an investment rate of return of 4.75% p.a. Illustratedyields are 4.07% p.a. & 2.51% p.a. based on the illustrated investmentrates of 4.75% p.a. & 3.25% p.a. respectively. Benefits payable may varyaccording to the future performance of the participating fund.
2Subject to specified circumstances.
^For eEASY save V, vouchers will begiven based on the total premium paid or lump sum premium paid (before anydiscounts) during application. For eEASY savepro,voucher giveaway varies according to the first-year premium size and premiumterm. Terms apply.
Information is accurate as at 8 August 2019.
Etiqa Insurance – A Singapore Insurance Company with Asian and International Expertise
Etiqa Insurance Pte. Ltd. is a licensed life andgeneral insurance company registered in the Republic of Singapore and regulatedby the Monetary Authority of Singapore (MAS). In July 2017, Fitchaffirmed the company's "A-" rating for its financial strength and stableoutlook.
Etiqahas been protecting 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.
Etiqais owned by Maybank Ageas Holdings Berhad, a joint venture company thatcombines local market knowledge with international insurance expertise. Thecompany is 69% owned by Maybank, one of Asia's leading banking groups with morethan 22 million customers worldwide in 20 countries; and 31% by Ageas, aninternational insurance group with 33 million customers across 16 countries anda heritage that spans over 180 years, with a focus to provide world classinsurance solutions to consumers in Europe and Asia through market leadingjoint ventures.
AtEtiqa, we believe in our brand promise of humanising insurance, by placingpeople over policies in everything we do. We are passionate about helpingSingaporeans protect themselves and their loved ones today and helping themplan for a financially secure tomorrow.