Etiqa Insurance (EIPL) and Maybank will be sponsoring the personal accident insurance for 3,000 low-income families in Singapore.
Renamed as the Maybank-Etiqa Family Shield, this expands on an existing community insurance programme by Maybank. Celebrating SG50, Maybank and Etiqa will jointly pledge SG$500,000 over three years for this programme. Each breadwinner will receive two years of free personal accident Insurance coverage.
Today also marks the official launch of EIPL as a licensed financial institution of life and general insurance products in Singapore since Etiqa Insurance Berhad transferred its general insurance business to EIPL.
EIPL CEO Sue Chi Kong said, "To celebrate the launch of our business, we want to give something back to the community.We’re leveraging our expertise to protect families in case of unforeseen circumstances.”
"With Etiqa on board, we can extend this to even more families and provide them with better financial securityAs financial institutions, providing financial inclusion for vulnerable communities is a matter close to our hearts,” Lim Hong Tat, CEO of Maybank Singapore and head of group community financial services, Maybank added.