There are many ways to save but there’s no doubt that Dash PET by Etiqa Insurance is currently one of the best ways to do so.
A collaboration between Singtel Dash and Etiqa Insurance, Dash PET is a high returns insurance savings plan that helps you Protect, Earn and Transact.
What is Singtel Dash?
Singtel Dash is an all-in-one mobile e-wallet that lets you pay, remit, save and insure from one app. Whether in-store or online, locally or overseas, make secured and easy payments with Dash. Need to send money home?
What can you do on Dash:
- Make payments via scanning QR code or Visa (online, PayWave, MRT/bus)
- Pay for Singtel mobile bill and get extra 1GB mobile data
- Transfer funds to other Dash users
- Remit money to friends and family in 7 countries
- Save and insure with Dash PET and Etiqa’s suite of insurances
- Earn and redeem reward points for useful vouchers
Besides earning high returns when you save, you can now boost your returns even more when you protect yourself with additional insurance coverage. At the same time, enjoy flexibility on your savings when you can transfer your money seamlessly between your Dash PET policy and Dash wallet to transact easily!
Here are three reasons why you should get a Dash PET policy:
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High returns for everyone
Save better and earn up to 1.3%* p.a with Dash PET, the insurance savings plan that offers the best rate in town (compared to similar products currently available for subscription). When all you need is as low as S$50 (and up to S$30,000) to start saving, practically everyone - whether you’re a student, working adult, homemaker, or even a retiree - can enjoy the benefits of Dash PET.
And the benefits are attractive indeed. It includes:
- High returns in a low-interest environment: Earn 1.3%* p.a. on the first S$10,000 saved, and 0.3% p.a. for savings above the first S$10,000.
- Boosted returns on your first S$10,000 savings: Get 0.2%^ p.a. when you opt in for free insurance protection and up to 0.75%# p.a. when you activate add-on protection plans (more details below)
- Capital-guaranteed savings: Your savings are safe against market changes and macroeconomic factors.
- No lock-in period: Top up or withdraw your savings anytime - great for emergency usage or storing idle cash!
- Free insurance coverage: Get free COVID-19 coverage that includes vaccine side effects, as well as life protection of 105% of your account value. In its latest update, new users are eligible for complimentary coverage of up to $50,000^ for Death and Total Permanent Disability^.
Dash PET is also insured by SDIC, which makes it a safe way to save. Sounds pretty comprehensive, doesn’t it? And when all you need is S$50 to unlock these benefits and more, that’s great value.
But wait, there’s more.
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Comprehensive protection at an affordable price
To help you meet your protection needs, Dash PET is offering free add-on protection of up to S$50,000^ for Death & Total and Permanent Disability^ for selected policyholders in their first Dash PET policy year.
And if you prefer more coverage, you can activate the three new add-on protection plans available with Dash PET. Each of the three add-on protection plans offer coverage of up to S$100,000 for the following areas, with premiums starting from just $0.02 a day (based on S$10,000 sum assured for a 17 year-old female non-smoker).
- Major Cancer: Covers critical stage cancers, including leukaemia, lymphoma and sarcoma
- Death & Total and Permanent Disability: Provides lump sum payment in the event of death or inability to perform three out of six Activities of Daily Living (ADL).
- Accidental Death: Lump sum payment in the event of accidental death
As a bonus, each protection plan that you sign up for gives you additional interest on your savings! Receive 0.2%^ p.a. additional interest when you opt in for the free protection, and up to 0.25%# p.a. more for each add-on protection plan that you activate on your Dash PET policy.
With all the add-on plans activated, users can earn up to 2.25%*^# p.a.!
Here’s how it’s broken down:
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Flexible and easy to use
Dash PET has no lock-in period, which means you can top up or withdraw from your Dash PET policy anytime and as frequently as you like.
Widely accepted across e-commerce platforms, major supermarkets, hawker centres, Fave merchants and anywhere with Visa contactless payments, you can transfer funds out from your Dash PET policy to your Dash wallet for instant purchases. Have some spare cash in your Dash wallet? Transfer from as low as S$1 to your Dash PET policy to get more earnings!
Transfers into and out of your Dash PET policy can also be made directly to your bank account via PayNow. Do note that a $0.70 fee per withdrawal transaction applies.
Dash PET - The best companion for your finances
Dash PET works your savings doubly hard by giving you higher returns while boosting your insurance coverage. Available to all users regardless of telco, Singtel Dash can be downloaded from Google Play, the App Store, and the Huawei AppGallery.
Sign up for Dash PET on the Singtel Dash app today to upsize your savings.
Apply now via the link here or visit dash.com.sg/dashpet to check out the latest Dash PET sign up offers and product updates..
Disclaimers:
- This article is written in collaboration with Singtel Dash
- The information is meant purely for informational purposes and should not be relied upon as financial advice.
- *For the first policy year, 1.30% p.a. up to S$10,000 and 0.30% p.a. for subsequent amount in Account Value. Crediting rate is non-guaranteed.
- ^Additional 0.2% p.a. to the existing 1.3% p.a. returns for your first S$10,000 Dash PET savings during the first policy year while the complimentary protection is active. Complimentary Accidental Death coverage will be offered for the same sum duration if you are not eligible for this add-on protection. Sum assured will be based on your age and occupation.
- #Additional interests of up to 0.25% p.a. from each activated payable add-on protection applies to the first S$10,000 account value of your active Dash PET policy.
- Dash PET is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate. This policy is underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K). This advertisement is for general information only. Terms apply. Full details of the policy terms and conditions can be found in the policy contract on dash.com.sg/dashpet. Protected up to specified limits by SDIC. 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). As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should seek advice from a financial 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 advertisement has not been reviewed by the Monetary Authority of Singapore. Information is accurate as of 02/10/2021.
