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SINGAPORE, Feb. 25, 2020 /PRNewswire/ -- In light of the on-going threat of the Coronavirus Disease 2019 (COVID-19) and recent developments and rise of dengue fever cases in Singapore, Maybank and its insurance arm Etiqa Singapore are stepping up and pledging to provide a 30-day special insurance cover[1] to all eligible customers of Maybank and Etiqa Singapore, free of charge.
Available for enrolment online from 26 February till 20 March, the special coverage provides a lump sum S$3,000 Diagnosis Benefit if the customer is diagnosed with the Coronavirus Disease (COVID-19) or dengue fever. The 30-day complimentary cover commences on the date of successful enrolment and will expire automatically on the 30th day of enrolment, or upon maximum payout.
In the event that the customer is diagnosed with both COVID-19 and dengue fever within the 30-day coverage period, Etiqa is providing a lump sum payout of S$3,000 each. The total maximum payable amount is S$6,000 per eligible customer.
Customers who wish to continue their coverage beyond the 30-day complimentary coverage period may consider purchasing an enhanced personal accident policy from Etiqa for an extended cover for COVID-19 and dengue fever.
Sue Chi Kong, Chief Executive Officer of Etiqa Singapore said, "The health and well-being of our customers, people and community is important to us. In view of the fast-evolving situations with the coronavirus and the mosquito-borne dengue disease, we are committed to supporting our people during this challenging period."
"We believe this special COVID-19 and dengue fever cover, in addition to the Financial Assistance Benefit we rolled out earlier for our eligible life customers, will provide adequate protection and assurance to our people. In the unfortunate event in which they catch either or both virus and/or disease, their financial impact can be minimised so they can maintain their normal lifestyles as much as possible," added Sue.
For more information, please visit www.etiqa.com.sg.
[1] Terms and conditions apply. Protected up to specified limits by SDIC. Etiqa Singapore reserves the discretion to make amendments to the benefits and its validity at any time. |
About Maybank Singapore
Maybank is among Asia's leading banking groups and South East Asia's fourth largest bank by assets. Maybank Group has an international network of 2,600 retail branches in 18 countries including all 10 ASEAN countries, with 43,000 employees serving customers worldwide. Maybank Singapore is one of the Group's largest overseas operations and a Qualifying Full Bank in Singapore. As at 31 December 2018, the bank's net asset size in Singapore was approximately S$73.3 billion. With strategically located banking branches and over 2,000 employees in Singapore, Maybank is well-positioned to provide highly personalised services and locally-oriented solutions that will deliver more value to customers. For more information, please visit maybank2u.com.sg.
Etiqa Insurance - A Singapore Insurance Company with Asian and International Expertise
Protecting customers since 1961, Etiqa is a licensed life and general insurance company registered in the Republic of Singapore. We are regulated by the Monetary Authority of Singapore (MAS) and governed by the Insurance Act.
With a comprehensive suite of protection, savings, retirement and legacy planning solutions, we are committed to helping our customers plan for a better future. Rated 'A' by Fitch in April 2019 for our financial strength and stable outlook, we humanise insurance by placing people over policies.
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, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group with footprints across 16 countries and a heritage that spans over 190 years.
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