BankBazaar Singapore – January 12 2018
SINGAPORE: DBS Bank and Chubb Insurance have announced a promotional offer on select general insurance plans to celebrate their new partnership. According to an announcement, customers purchasing a new policy through DBS/POSB channels between 1 January 2018 and 21 January 2018 will be eligible for a discount of up to 60% on their policy premium.
The promotional offer applies to select policies, including TravellerShield Plus (both single trip and annual plans), Maid Protect, myHome Protect, Prime Protect, and Easy Protect. DBS said that the discount will be applicable during policy renewal as well, except in the cases of TravellerShield Plus and Maid Protect.
In September 2017, DBS and Chubb entered into a 15-year distribution agreement. As per the agreement, Chubb insurance products will be distributed in Singapore, China, Taiwan, Hong Kong and Indonesia, through DBS channels, on exclusive or preferred basis. The Chubb products being distributed exclusively through DBS channels include property and casualty (P&C) insurance for small and mid-sized companies, supplemental health insurance, and selected personal accident, home and contents cover. The agreement came into effect from 1 January 2018.