Singtel, Great Eastern launch insurance services bundled with telecom benefits in Singapore

William Arsn

Singtel and Great Eastern have jointly launched a range of general insurance products spanning home, motor and travel. These insurance offerings, underwritten by Great Eastern, come with telecommunication services benefits. Singtel and Great Eastern will initially introduce Singtel Home Protect, a home insurance service that provides coverage for both telecommunication services bills and home contents.

The plan reimburses Singtel broadband expenses besides covering renovation, furniture, appliances, valuables and personal effects, which most home owners do not insure today. According to Singtel, insurance that bundles both home contents and broadband is synergistic, as home owners typically sign up for or re-contract their broadband services when they shift or renovate their homes.

In the coming weeks, Singtel and Great Eastern will also start offering car owners motor insurance. For travellers across the world, Singtel will offer travel insurance with mobile-related benefits. This includes reimbursement of Singtel mobile bills during hospitalisation due to an accident, and of additional Singtel mobile data expenses incurred due to delays in travel, as well as repair or replacement of mobile phone in case of loss.

Singtel Home Protect is offered to Singtel broadband customers at launch and will be made available to all Singtel customers later. For SGD 6.50 per month, they can sign up for the plan on the Singtel website or through My Singtel app. The plan covers reimbursement of Singtel bills of SGD 280 per month for up to three months, and up to SGD 80,000 for home contents and renovation in the event of disruption to services due to a fire or other types of damage to the home.

Available for SGD 84 for 12 months of coverage, or SGD 156 for 24 months of coverage, customers can receive 10 percent off Home Protect from until 18 September.

Singtel made its first foray into the local insurance market in July, when it launched free personal insurance cover for its prepaid customers as part of mobile data plans. Earlier in the year, Singtel extended free 30-day COVID-19 insurance coverage to prepaid and Dash customers. Singtel also introduced an insurance savings plan for Dash customers who wish to start saving regularly for the future.

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