Singtel this week announced its first foray into the insurance market, introducing Singapore’s first prepaid data plan and Dash mobile remittance service that comes with personal insurance cover.
Singtel provides mobile connectivity to more than 60% of foreign workers in Singapore, including S Pass workers (mid-level skilled staff), foreign domestic workers and migrant workers which number about 1.171 million in Singapore. This insurance coverage will complement the mandatory medical insurance that employers need to purchase for foreign workers.
Prepaid customers who purchase a 30-day 50MB Protect data plan worth S$2 or do a S$20 prepaid top-up will be entitled to an insurance policy that provides coverage for 30 days. The coverage provides a range of benefits2 including lump sum payouts in the event of loss of employment due to hospitalisation, as well as permanent disability and accidental death. The plan also offers daily cash benefits for each day of hospitalisation and a one-off get-well benefit, together with mobile data to ensure that the beneficiary can stay connected with his or her loved ones.
Dash customers who remit at least S$100 will qualify for Free 30-Day Dash Protect, an insurance policy that offers lump sum payouts in the event of permanent disability and accidental death – a first in the remittance market. Dash is Singapore’s first all-in-one mobile payments solution that is available to everyone regardless of telco or banking relationship, and can be downloaded on any mobile platform.
Yuen Kuan Moon, CEO of Consumer Singapore, Singtel
As many of our prepaid and Dash mobile remittance customers are the sole breadwinners in their families, income stability and protection from financial loss are among their topmost concerns.
