Etiqa Insurance Singapore extends complimentary coverage for COVID-19 vaccination side effects to Maybank customers

SINGAPORE – Media OutReach – 19 May 2021 – As
Singapore continues to roll out its COVID-19 vaccination programme in its
steady efforts to contain the virus with hopes of gradual return to normalcy, Etiqa
Insurance Pte. Ltd. (“Etiqa Insurance Singapore”) extends its Financial
Assistance Benefit for side effects of COVID-19 vaccine to all existing and new
individual customers of Maybank Singapore. Application is not required and
coverage is free of charge.

Maybank Singapore
Limited’s consumer banking customers will receive a Hospitalisation Benefit of
up to S$1,000 over a maximum of 10 days, and an Intensive Care Unit Benefit of
up to S$1,000 over a maximum of 5 days if they experience any COVID-19
vaccination side effects.

The existing COVID-19
Financial Assistance Benefit and vaccination
side effects coverage currently protect Etiqa’s eligible customers¹
against the virus and any unexpected effects from vaccinations of any COVID-19
vaccine which is approved for use in Singapore by the Health Sciences Authority
(HSA) and administered in Singapore.

The complimentary
coverage is now extended to Maybank customers with an individual account in
Singapore. New customers are defined as those who are holding account(s) with Maybank
Singapore Limited for at least three months. 

Mr Raymond Ong, Chief
Executive Officer of Etiqa Insurance Singapore said, “The health and well-being
of our people and customers remain a priority for us. To support the
progressive reopening of Singapore and everyone to vaccinate with confidence, we
hope that this added layer of protection provides assurance and greater peace
of mind for customers of both Etiqa and Maybank Singapore while they take
active steps to protect themselves and their loved ones.”

Dr John Lee, Country
CEO and CEO of Maybank Singapore adds, “We stand in solidarity with our
customers and support the vaccination programme rolled out by the Singapore
Government. The impact of Covid-19 pandemic is long lasting and we strive to
protect the well-being of our customers by providing them with Etiqa’s
complimentary Financial Assistance Benefit. This move is one of the ways we
humanise financial services to care for our customers. Since last year, we have
also provided deferred loan repayment scheme to help ease customers’ financial
burden.”

For more information,
please visit www.etiqa.com.sg/covid19-relief.

¹ The COVID-19 Financial
Assistance Benefit is eligible to all existing and new Insured Person(s) of
life protection and insurance savings plans underwritten by Etiqa Insurance
Pte. Ltd.. For full terms and conditions, please visit www.etiqa.com.sg/financial-assistance-benefit-life.

The
Financial Assistance Benefit for side effects of COVID-19 Vaccine is eligible
to all existing and new individual customers of Maybank Singapore Limited, all existing
and new Life assured of life protection and insurance savings plans and all
existing and new Insured of selected personal lines insurance policies underwritten
by Etiqa Insurance Pte. Ltd. For full terms and conditions, please visit www.etiqa.com.sg/covid19-updates/vaccine-benefits/.

Terms
and conditions apply. Protected up to specified limits by SDIC. Etiqa Singapore
reserves the discretion to make amendments to the benefits and its validity at
any time.