All You Should Know About Etiqa Singapore and Policies Offered
Etiqa Singapore came into existence in 2005 after Maybank Ageas, its insurance and takaful divisions comprising of Mayban Life insurance, Mayban Takaful in Mayban General Assurance merged with Malaysia National insurance Berhad and its Takaful National Sfn Bhd subsidiary. The name Etiqa was born two years after the merger. Etiqa Singapore is a licensed general and life insurance firm in the city-state offering customer-centric solutions to people. The company offers various policies to Singaporeans, and it has a strong presence in the country with 24-hour service to customers. Here is a guide to policies Etiqa Singapore offers.
Etiqa Singapore Car insurance
Etiqa car insurance is among the most competitive car insurance plans in Singapore. It is available in three plans that you can choose from, including Comprehensive, Third-party, Fire& Theft, and Third party only. You get coverage for damage by fire or accidental loss plus medical expenses, personal accident benefits, daily transport allowance, and exclusive car repair at authorized Etiqa workshops with the comprehensive plan. In addition, you receive the third party only cover for the TPO plan, which is ideal for old cars at the end of COE lives. TPFT offers additional cover beside the benefits covered by TPO. The advantage with the Etiqa car insurance is you can customize it as per your needs, add a non-authorized workshop and protect NCD by 30%-40%.
Etiqa Motorcycle insurance
Etiqa Singapore’s motorcycle insurance offers comprehensive coverage for damage, theft, and loss of your motorcycle, plus other benefits. In addition, there is a 10% rebate in your NCD when renewing the insurance online. Besides fire& theft, and accidents, the plan also offers third-party coverage. The insurance covers Up to 50% theft valuation and up to $500,000 cover for damage and or loss to third-party property. You can choose a policy as per your needs.
Etiqa Home insurance
Etiqa Singapore’s Home insurance provides a simple way of ensuring there is sufficient cover for debris disposal, professional fees, and cover for valuables. The plan results in an effortless way of choosing the amount insured for renovation and contents. Etiqa home covers personal valuables target at 30% of the amount if insured valuables, and there is a deductible of $100 for every and each loss. Although the amount insured is not much, it covers almost all instances. In addition, there is the alternative of adding family accidental death cover and cyber insurance. With $50,000, you can boost accidental family cover with Etiqa Singapore home insurance.
Etiqa travel insurance
Etiqa Travel insurance plan for Singaporeans stands out as the cheapest option. The plan has two options, including Tiq travel insurance and travel infinite. Tiq offers comprehensive coverage for all pre-existing medical conditions and the option of customizing the policy with add-ons. On the other hand, travel infinite covers overseas medical expenses of up to S$2.5 million, medical evacuation, and the option to customize the plan with add-ons. Thus, the plan is ideal for budget travelers or students who want to be active during their vacations. Equally, Etiqa is the first insurer to offer real-time automatic approvals for flight delay claims implying that one gets reimbursed immediately after their flight is delayed.
Etiqa Life and family takaful
Etiqa Singapore’s life insurance is among the most affordable plans in the country. It is available in options including ezy-life secure insurance, i-Secure takaful, Ezy-secure insurance, Etiqa life secure insurance, and Enrich life plan insurance. Also, the i-Secure takaful plan offers the beneficiary a lump sum payment, even death over the cover period. It is available for individuals aged 21-75 years, and a medical exam is not necessary with the option of customizing the cover as per your needs. Then ezy-life secure insurance offers customers the flexibility to pick the benefit amount, frequency of payments, and tenure. Premiums will be unchanged, and there is disability and death benefits. With the Ezy-secure insurance, beneficiaries receive a lump sum amount in the event of death, and the plan is available for individuals between 21 and 80 years. The plan doesn’t require a medical examination, and you can customize it as per your needs. Etiqa life secure insurance can help your business survive in case of uncertainty like losing an important person. In contrast, the Enrich life plan is versatile and is customizable, with the option of picking 13 riders for critical illness, maternity, and female illness.
Etiqa health insurance
Etiqa Singapore health insurance covers almost every need, and it is available in various options. E-medical pass insurance offers surgical and hospital benefits, including cashless admission. Most importantly, e-Cancer insurance offers cover for cancer treatment with a 150% cash payout once diagnosed with advanced cancer, cash payout for early-stage cancer, and no medical exam is required. Medical plus insurance offers comprehensive cover, a high annual limit, and unlimited lifetime coverage. In addition, you get outpatient and inpatient benefits and hospital admission without any payment.
Etiqa maid insurance
Etiqa Singapore offers the best-in-class maid insurance covering accidents. The plan covers accidental death, permanent to total disability payout, personal liability coverage for your domestic helper, other benefits including indemnity reimbursement, abuse by the maid, and inclusive benefits for alternative services, wages, recuperation, rehiring, etc. However, the plan doesn’t cover pre-existing conditions, outpatient, and there is a maximum of 30 days of benefits for recuperation, wages, and alternative services in the event of hospitalization.
Etiqa personal mobility accident insurance
This insurance plan is ideal for individuals who want protection against accidents, especially cyclists. The plan insurer the bike for up to S$20,000, and there is a S$300,000 third party liability cover, but it only covers accidents associated with personal mobility such as scooter sand bikes. The plan could be ideal for those using bikes or devices such as e-scooter or skateboard, and it covers accidental death and permanent disability. But there is the alternative of adding protection for your bike. It may not be ideal if you are looking for conventional personal accident insurance since it covers accidents connected to mobility devices or bikes. The cheapest plan is the basic plan which will cost less than S$12, but there are the essential, advanced, and ultimate plans.