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| Source: Singtel. Dash EasyEarn is a fully-digital insurance product. Customers can purchase, top-up and make withdrawals on their Dash EasyEarn plan via the Singtel Dash app on their mobile phone. |
Dash EasyEarn adds financial services to the existing Dash mobile app, which currently provides payments, mobile data top-ups, e-commerce, lifestyle and remittance services. This insurance savings solution is designed for investors who want to start saving regularly for their future but who may be concerned about cash flow. Dash EasyEarn plans start off with a minimum initial premium of S$2,000, up to a maximum of S$20,000. Other benefits include up to 2% 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.”
“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.
As an insurance savings plan, Dash EasyEarn offers
up to 105% of the account value in the event of 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 counts
over 1 million registered users, is available to everyone regardless of
telco or banking relationship, and can be downloaded on any mobile
platform.
Details:
Dash EasyEarn is open to eligible residents in Singapore and is available only through the Dash app. Purchasing and managing Dash EasyEarn can be done through Dash.
To
sign up, eligible users in Singapore** need to verify their personal
details before topping up using their bank account to get started. Users
can also perform top-ups*** at their convenience and opt to withdraw
funds directly into their bank account or Dash wallet.
Terms apply. Protected up to specified limits by the Singapore Deposit Insurance Corporation (SDIC).
*Guaranteed 1.5% p.a. + 0.5% p.a. bonus for first policy year for a limited time only.
**All applications are subjected to the acceptance by Etiqa Insurance.
***Minimum top-up of S$500 for each top-up. Minimum policy amount of S$2,000 must be maintained to earn interest. A charge of S$0.70 per withdrawal to user bank accounts applies, but is free of charge to withdraw to Singtel’s Dash.
**All applications are subjected to the acceptance by Etiqa Insurance.
***Minimum top-up of S$500 for each top-up. Minimum policy amount of S$2,000 must be maintained to earn interest. A charge of S$0.70 per withdrawal to user bank accounts applies, but is free of charge to withdraw to Singtel’s Dash.
