Singtel and Great Eastern launch Singapore’s most flexible home and contents insurance plan
Singtel broadband customers can now enjoy comprehensive home and content insurance at just S$8 per month with no lock-in
Singapore, 18 September 2023 – Singtel and Great Eastern today announced the launch of Singtel Home Protect Flexi, Singapore’s most flexible home and contents insurance plan. The plan is tied to the customer’s Singtel broadband subscription, and will be automatically updated with a new address if the customer moves. This means homeowners will be able to enjoy seamless home protection without having to worry about a lapse in coverage or having to remember to update their address. Singapore’s first no-contract plan also gives customers the ability to cancel anytime, should they no longer need the coverage.
Mr Gilbert Chuah, Head of Financial and Lifestyle Services, Singtel, said: “We continually harness our wealth of insights as Singapore’s largest broadband provider to bring more convenience and flexibility to our customers. Our new Home Protect Flexi, for instance, eliminates the hassle of address updates for our home protection insurance customers when they relocate, providing seamless home protection that adapts to their evolving needs. We look forward to co-creating more value-added offerings with partners such as Great Eastern to enrich our customers’ lives.”
Mr Jimmy Tong, Managing Director, General and Group Insurance, Great Eastern, said: “At Great Eastern, we constantly seek ways to make insurance more seamless and convenient. Our new plan in collaboration with Singtel provides ease of portability and uninterrupted coverage for homeowners in the event they re-locate, or allows for termination at any time with no lock in period. By eliminating these traditional constraints, we are able to provide greater flexibility and value for our customers.”
Singtel Home Protect Flexi is an enhancement of Singtel’s home insurance offering, Singtel Home Protect, which is currently available with a one or two-year commitment. The new Singtel Home Protect Flexi, priced at S$8 a month, continues to provide homeowners with the same comprehensive coverage for various types of residential housing, of up to S$80,000 for household content and renovations, and up to S$500,000 for personal liability.
As a launch promotion, all first-time customers will enjoy the first two months free from now until 31 December 2023. To qualify for the plan, customers need to be an existing Singtel broadband subscriber. The plan is available now at all Singtel shops, Singtel’s website or customer care hotline 1688.
For more information, visit www.singtel.com/shp-flexi.
Singtel is Asia's leading communications technology group, providing a portfolio of services from next-generation communication, 5G and technology services to infotainment to both consumers and businesses. The Group has presence in Asia, Australia and Africa and reaches over 770 million mobile customers in 21 countries. Its infrastructure and technology services for businesses span 21 countries, with more than 428 direct points of presence in 362 cities.
For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For businesses, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.
Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences and shape a more sustainable, digital future.
About Great Eastern
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 15 million policyholders, including 12 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.
The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.
Great Eastern is a subsidiary of OCBC Bank, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.