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Monday, 18 December 2017, 13:00 HKT/SGT
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Source: Etiqa Insurance Pte. Ltd.
Etiqa launches new year-end campaign for online insurance savings plans EASY save series with highest interest rates in the market of up to 3.14% p.a.

SINGAPORE, Dec 18, 2017 - (Media OutReach) - Customers can now enjoy the best interest rates in the market of up to 3.14% p.a. with Etiqa's new series of online savings solutions - EASY save, through the progressive insurer's new "No Pain. Just Gains." campaign.

From now till 31 December 2017, the campaign offers attractive interest rates with two savings solutions - eEASY save for the financially savvy, where customers can enjoy high guaranteed returns of 2.23% per annum over a policy term of 6 years, and eEASY savepro for the financially adventurous, where customers can yield higher potential returns of up to 3.14% per annum, with a policy term of 7 years. Customers can now enjoy higher upfront premium discount and are empowered to choose between making a lump sum or a 2-year premium payment. In addition, for this festive season, Etiqa is giving away up to $1,500 worth of gift vouchers upon purchase.

The above is an affirmation of Etiqa's commitment to placing people over policies and providing competitive rates to its customers. Designed to tailor to the customer's savings appetite, savings horizon and aspirations, the EASY save series is available for online purchase in just a few clicks, providing ease and accessibility for today's digitally savvy consumer.

"We recognise that consumers' appetite towards financial planning and investments may differ. With the EASY save series, we do the heavy lifting for our customers with attractive interest rates tailored for both plans, so they can grow their financial assets with ease while reaping the rewards with minimal effort required. With direct purchase online, insuring and saving for the important things in life has never been easier," said Sue Chi Kong, Chief Executive Officer of Etiqa Insurance Pte. Ltd.

Etiqa believes in their brand promise of humanising insurance and continues to deliver exceptional solutions and services with the aim to significantly improve the lifestyles of their customers. "We have also been accelerating in our digitalisation journey, especially with the recent launch of our eWallet service that enables consumers across multiple banks to instantly credit and encash insurance claims online in real time. We are also the first insurer to integrate with 'MyInfo', a digital data vault launched by the Government Technology Agency of Singapore and the Ministry of Finance, enabling consumers to purchase insurance in record time," added Sue.

Etiqa is currently the only insurer that offers participating insurance savings plan online in the market with eEASY savepro. For more information, visit the EASY save series webpage or www.etiqa.com.sg.

Appendix: Product Summary

eEASY save
- Premium and policy terms:
Premium term: 2 years
With the option of 1 (lump sum) or 2-year payment
Policy term: 6 years
- Total maturity return:
Higher interest rates with higher upfront discount
1 (lump sum) payment: 2.23% p.a.
2-year payment: 2.18% p.a.

eEASY savepro
- Premium and policy terms:
Premium term: 2 years
With the option of 1 (lump sum) or 2-year payment
Policy term: 7 years
- Total maturity return:
Higher interest rates with higher upfront discount
Regardless of payment
Projected at 3.14% p.a.
- Guaranteed maturity return:
1-year (lump sum) payment: 0.33% p.a. with upfront premium discount
2-year payment: 0.12% p.a.

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.

Media contacts:
Audrey Liu
Manager, Brand and Communications
Etiqa Insurance Pte. Ltd.
Tel: 6690 4309
Email: audrey.l@etiqa.com.sg


Dec 18, 2017 13:00 HKT/SGT
Topic: Press release summary

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