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Budget Direct Insurance announces implementation of MyInfo government service

By Edil Corneille

July 21, 2020

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Budget Direct Insurance, SingaporeSingapore-based Budget Direct Insurance announced that it is one of the first insurers in the country to use MyInfo, a government digital service that makes it easier for customers to get a quote and buy insurance online. MyInfo helps residents manage their personal data faster and more efficiently for simpler online transactions.

Simon Birch, CEO, Budget Direct Insurance enthused, “We’re delighted to be using the government’s digital service. Filling in your personal details is time-consuming. Now you’ll be able to do it with the click of a button. The fact that this is a government digital service also gives users extra peace of mind with additional online safety and security.”

The company offers quote processes where a premium quote can be availed in 30 seconds. With the implementation of MyInfo, getting a car insurance quote as well as buying a policy has become faster.

Birch added, “We are very proud to be one of the first insurance companies in Singapore to offer this service. We consider ourselves to be a leader especially when it comes to using technology to make buying insurance faster, easier and cheaper for our customers. This is another great way for us to do just that.”

Customers with Budget Direct Insurance will be able to use MyInfo, authenticated via their SingPass, to auto-fill personal details when getting a car quote or policy. These personal details include data from government sources, such as a person’s full name, address, and NRIC number.

The digital insurer says it is excited to be offering this new service to customers as it will mean an even faster and more efficient online user experience. Customers will no longer have to waste time with repetitive form-filling of personal and vehicle information. Customers still have the choice to opt-out of using MyInfo and can instead continue to fill in the form manually and submit any requested supporting documents.

MyInfo was first trialed with Singapore’s major banks such as DBS Bank Ltd, Oversea-Chinese Banking Corporation (OCBC), Standard Chartered Bank (StanChart) and United Overseas Bank (UOB).

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