Singtel has launched an insurance savings solution through their Dash mobile app. The insurance savings plan called Dash EasyEarn is underwritten by Etiqa Insurance.
With Dash EasyEarn offered exclusively through the Dash app, Dash customers can start their savings journey as long as they are aged 17-75.
Dash EasyEarn is designed for investors who want to start saving regularly for their future but who may be concerned about cash flow, especially during these challenging times. They can start a Dash EasyEarn plan with a minimum initial premium of S$2,000, up to a maximum of S$20,000. Other benefits include up to 2% per annum returns for the first policy year, no lock-in period and unlimited withdrawals with zero penalties.
Mr Gilbert Chuah, Head of Mobile Financial Services, Singtel’s International Group said, "With Dash EasyEarn, customers can start growing their savings with greater convenience with a fully digital insurance product accessible on their mobile phones. We will continue to use technology to glean deeper business insights, better understand the needs and habits of consumers and bring them the products and services that they want.”
“Dash EasyEarn was co-created by Singtel and Etiqa to meet the financial needs of digital savvy consumers, who increasingly seek simple and convenient solutions through all-in-one mobile apps," said Mr Dennis Liu, Head of Digital and Business Transformation and Technology of Etiqa Insurance Pte. Ltd.
As an insurance savings plan, Dash EasyEarn offers up to 105% of the account value in the event of death. The plan also offers security through its capital guarantee and allows users to withdraw their funds any time in case of emergencies, without penalties or any interest clawback.
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