In a move targeting foreign workers in Singapore, Singtel is bundling personal accident insurance, provided by NTUC Income, with its prepaid data plan and Dash mobile remittance service.
According to a statement by Singtel, it 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. The insurance coverage accompanying their data plan 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 SG$2 or a SG$20 prepaid top-up will be entitled to an insurance policy that provides coverage for 30 days. The coverage provides a range of benefits, 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.
“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,” said Yuen Kuan Moon, CEO of consumer Singapore at Singtel. “By working with Income to remove price barriers and simplify the sign-up process, we want to make insurance accessible for all, enabling our customers to protect their loved ones, by simply topping up their data or remitting money back home. We are always seeking new ways to complement our customers’ lifestyles and will be introducing other insurance products in the coming months.”
