Singtel launches insurance savings solution – Dash EasyEarn
By Edil Corneille
Singapore-based Singtel announced the launch of Dash EasyEarn, an insurance savings solution offered exclusively through Singtel’s Dash app and underwritten by Etiqa Insurance. The solution has been designed for investors who want to start saving regularly for their future but are concerned about cash flow due to the challenges rising because of COVID-19.
Investors can start a Dash EasyEarn plan with a minimum initial premium of S$2,000, and up to a maximum of S$20,000. Other benefits include up to 2 per cent per annum returns for the first policy year, no lock-in period and unlimited withdrawals with zero penalties.
Gilbert Chuah, Head of Mobile Financial Services, Singtel’s International Group says, “Dash EasyEarn represents the next steps for Dash as it grows to become a more inclusive everyday app that will play a bigger part in enabling our customers’ digital lifestyles. 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.”
As an insurance savings plan, Dash EasyEarn offers up to 105 per cent of the account value in the event of a 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.
“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. We are honoured and appreciate the opportunity to work with Singtel to close the distance between people, their money, and services. This strategic partnership epitomises Etiqa’s commitment to pursue financial inclusion through innovation and constantly deliver added value to our customers,” said Dennis Liu, Head of Digital and Business Transformation and Technology of Etiqa Insurance.
Since its launch in 2014, Dash has expanded beyond payments and mobile remittance to include lifestyle services like restaurant bookings and travel insurance. Dash, which counts over 1 million registered users, is available to everyone regardless of telco or banking relationship and can be downloaded on any mobile platform.
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