Etiqa Insurance Singapore rolls out home protection plan

In the event of a fire, policyholders can receive $3,668 cash allowance within the day.

Etiqa Insurance Singapore has rolled out Tiq Home Insurance, a home protection plan available for online purchase that promises in-market features through its flexible coverage. Premiums start from $20 (S$28) annually. 

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The benefits of Tiq Home Insurance are especially selected on a recent consumer study on common household concerns, enabling homeowners and tenants to choose their preferred sum insured for building renovation and home contents.

For instance, in the event of a fire, policyholders can receive $3,668 (S$5,000) cash allowance within 24 hours to help residents get back on their feet quickly. Value-added services such as 24/7 home repair assistance are also included in the plan.

"At Etiqa, we want to enhance customers' experience and create greater savings", said Sue Chi Kong, CEO of Etiqa Insurance Pte. Ltd. "It is important to put ourselves in the shoes of our customers.”