Every working adult has felt the touch of fear that comes with the thought of being let go.
This special brand of anxiety has probably gnawed at some more than others, what with the recent waves of layoffs plaguing the tech industry.
While not everyone likes to speak of what ifs, Singtel's new telco bill protection plan offers some semblance of a silver lining to these dreaded questions.
Singtel Bill Protect
Singtel, in partnership with Etiqa, has rolled out a free personal accident plan to help ease your financial strain, should the unthinkable happen.
With Singtel Bill Protect, retrenched folks will receive up to six times their last eligible Singtel Bill, up to a limit of S$600 dished out in six equal monthly instalments.
Image from Singtel.
Although this payout may not be the answer to all of your problems, it will at least shoulder some financial burden and give you breathing space to find a new job.
In the event of an accidental death, your loved ones will get a lump sum payout of 12 times your last eligible Singtel Bill, up to a limit of S$1,200.
You must be:
- A Singtel postpaid customer
- A Singapore citizen or permanent resident residing in Singapore
- Aged 17 to 65 on your next birthday
If you choose to register, the coverage ends 12 months after your date of sign-up, after which your policy won’t be renewed and no insurance premium will be charged to your Singtel bill account.
Sign up for Singtel Bill Protect here.
Singtel Protect x Etiqa Insurance
This bill protection scheme is just one of the various Singtel Protect offerings that aim to help customers breathe easier knowing that they’ve got some of life’s unexpected turns covered.
These include Singtel Life Protect for protection against death and permanent disability, Singtel Health Protect for unexpected illnesses, and Singtel Wealth Protect, which helps you invest and accumulate wealth.
Etiqa also offers up to S$2,500 cashback, perpetual discount, and more with eligible insurance plans. Terms apply.
This is a sponsored article by Singtel.
Top images via Anthony Tran/Unsplash and Singtel
Disclaimer: Information is accurate as at Aug. 29 2023. This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K). This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost. You should seek advice from a qualified adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
This article has not been reviewed by the Monetary Authority of Singapore.