Etiqa Insurance Singapore is proud to announce the launch of its first investment-linked plan (ILP), Tiq Invest.
Combining investment and life protection in a single policy, Tiq Invest was conceived to cater to the financial needs of the everyday customer, simplifying investment amid a global economy still reeling from the effects of the COVID-19 pandemic.
Built to be a low-cost ILP, Tiq Invest features policy management charges of just 0.75% per annum of the account value, among the lowest in the local insurance market. The underlying funds of these investments are managed by global and regional asset management companies such as BlackRock, PIMCO and Lion Global Investors Limited among others.
The digital ILP affords policyholders a choice of Packaged Funds according to risk appetite, as well as the freedom to top up and withdraw funds, or switch Packaged Funds at any time, free of charge.
Other features of Tiq Invest include its low entry barrier, starting from a single premium of just S$1,000. 100% of the premiums paid are invested. The policy pays out a lump sum benefit upon death or terminal illness.
Etiqa Insurance Singapore CEO Raymond Ong said, "Tiq Invest provides customers with a way of meeting their financial goals, pandemic or otherwise. With its low minimum premium, Tiq Invest was designed with accessibility in mind. Through Tiq Invest, we offer our customers financial flexibility without any lock-in period alongside opportunities to grow their wealth, so they remain prepared for the unexpected, while on track with their long-term plans."