Etiqa’s EASY save online insurance savings series relaunches with high guaranteed crediting rate of 2.68% p.a.

SINGAPORE -�Media
OutReach - 8 August 2019 – EASY
save series by Etiqa Insurance is
back by popular demand. Amid slowing market growth, the pioneer in online
insurance savings plans continues to offer competitive returns with eEASY save V at a high guaranteed crediting
rate of 2.68% p.a. and eEASY savepro
featuring illustrated returns of up to 4.07% p.a¹.

 

Since
its debut in 2017, EASY save series
is designed to tailor to the customer’s appetite, savings horizon and
aspirations. 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 enhancing
our offerings to meet the evolving needs of the modern day consumer. With our
competitive crediting rates and added features, we hope more people will be
able to benefit from our products.”

For
the financially savvy, eEASY save V is a non-participating
plan with enhanced features such as a free partial withdrawal benefit²
and 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 or
continue saving with crediting rates based on market prevailing rates.

Financially
astute customers can look towards eEASY savepro — a
participating 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 rating
of ‘A’ (Strong) by Fitch Ratings, Etiqa reflects a favourable business profile
and ‘Very Strong’ capitalisation, providing assurance to potential customers.

Early Saver and Same-Day Full
Payment Promotion

Similar
to previous tranche, the first few customers to purchase daily can enjoy
instant 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 same
day will receive upfront premium discounts.

Plans
can be purchased online with ease. A quote can be generated in a few simple
steps and approval is immediate. For more information, please visit http://po.st/EASYsave.

 

¹Based on an investment rate of return of 4.75% p.a. Illustrated
yields are 4.07% p.a. & 2.51% p.a. based on the illustrated investment
rates of 4.75% p.a. & 3.25% p.a. respectively. Benefits payable may vary
according to the future performance of the participating fund. 

²Subject to specified circumstances.

^For eEASY save V, vouchers will be
given based on the total premium paid or lump sum premium paid (before any
discounts) during application. For eEASY savepro,
voucher giveaway varies according to the first-year premium size and premium
term. 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 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.