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FINANCIAL SERVICES | Staff Reporter, Singapore

Singtel, Etiqa launch digital insurance savings plan

Customers can start saving from as low as $50.

Singtel and Etiqa have joined forces to launch a digital insurance savings plan that allows clients, purchase additional riders and manage their spending all within the Singtel Dash app.

With Dash PET (Protect, Earn, Transact), customers can start saving from as low as $50 and earn interest of up to 1.7% on their first $10,000 balance, with a 1.2%interest rate accorded to the amount above $10,000. Clients will receive a death coverage of 105% of the account value and COVID-19 financial assistance.

The launch of Dash PET follows a partnership memorandum of understanding between Singtel and Etiqa International Holdings signed last month which serves as a springboard for a long term collaboration to jointly develop more digital insurance products.

Expanding beyond Singapore, Singtel and Etiqa are also partnering to bring the benefits of insurance savings solutions to other Singtel Group customers in the region.

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