DBS provides a comprehensive insurance policy that covers unforeseen situations related to personal accident. This policy is called DBS Easy Protect, and it is underwritten by Chubb Insurance Singapore Limited. This policy is made available at a pretty affordable price and it provides coverage against personal accidents. This plan can be applied for by Singapore Residents. However, applicants must be aged from 18 to 64 years, in order to be eligible for the policy. This policy is available to customers in two plans - the Classic plan and the Premier Plan, each with its own coverage terms.
Features & Benefits
The primary features and benefits of the DBS Easy Protect policy include:
- You’re reimbursed for the medical expenses incurred as a result of an accidental injury. The plan comes with an accidental coverage amount of up to S$3,000 for every accidental injury. This benefit also takes into account expenses arising from treatments using traditional Chinese medicine.
- With this plan, you can receive recovery cash benefit in instances where you are disabled temporarily as a result of an injury caused in an accident. This benefit is provided to you up to a period of 52 weeks.
- In case you’re admitted in a hospital due to food poisoning, dengue fever, or hand, foot, and mouth disease (HFMD), you will receive exclusive hospital cash benefit on a daily basis. This benefit will cover you up to a period of 60 days.
- If you haven’t filed any claims at the end of one complete year, you will get a 15% refund of the premiums you have already paid as part of a No Claim Bonus.
DBS Easy Protect Coverage
The following table illustrates the coverage provided against each benefit lister under both, Classic and Premier plans:
|Type of benefit||Amount insured|
|Classic Plan||Premier Plan|
|Benefit due to accidental death||Coverage of S$100,000||Coverage of S$150,000|
|Benefit due to accidental permanent disability||Coverage of up to S$100,000||Coverage of up to S$150,000|
|Recovery Cash Benefit||Coverage of S$100 for 7 consecutive days, up to a period of 52 weeks in case of an accidental injury.||Coverage of S$150 for 7 consecutive days, up to a period of 52 weeks in case of an accidental injury.|
|Reimbursement of accidental medical expenditures||Coverage of up to S$2,000 in case of an accidental injury.||Coverage of up to S$3,000 in case of an accidental injury.|
|Exclusive Daily Hospital Cash Benefit (per occurrence)||Coverage of S$100 each day for a period of 60 days.||Coverage of S$150 each day for a period of 60 days.|
|Cover based on worldwide terrorism||This is covered under the plan.||This is covered under the plan.|
|No Claim Bonus||If there is no claim in the preceding year, 15% of your premium that has been paid will be refunded.|
How to Apply for DBS Easy Protect Insurance
Application for DBS Easy Protect Insurance policy is hassle-free. All you have to do is visit your nearest DBS Bank branch in the city and express your interest to apply for the policy. The bank will process your request, based on which your policy will be approved.
Check your Eligibility for DBS Easy Protect Insurance
Singapore residents can apply for DBS Easy Protect Insurance Policy. Singapore residents include Singapore citizens, Singapore Permanent Residents, and people who have a valid work permit, employment pass, long-term visit pass, or dependant’s pass. In terms of age, one must be between 18 and 64 years of age to be eligible for this insurance policy.
How to Make a Claim for DBS Easy Protect Insurance?
You can easily file claims for DBS Easy Protect Insurance policy. You must get in touch with the bank as soon as you meet with an accident or a similar incident. To file claims for this policy, you can call on Chubb’s Customer Service Hotline 6398 8797, and you’ll be guided through the claims process. This hotline is available throughout the weekdays, from 9:00 a.m. to 5:00 p.m. Alternately, you can also submit the claims online at www.chubbclaims-dbs.com.sg.
Frequently Asked Questions
Q. Is my DBS Easy Protect Insurance plan a monthly or an yearly plan?
A. If you're paying premium on a monthly basis, your plan will be considered as a monthly policy. On the other hand, if you’re paying an yearly premium, it will be regarded as an annual policy.
Q. Will my premium increase with age?
A. No, the premium you have to pay is independent of age criteria.
Q. What is the monthly premium I have to pay for the Classic Plan?
A. You have to pay a monthly premium of S$22.90 for the Classic Plan.
Q. What is the annual premium I have to pay for the Premier Plan?
A. You have to pay an annual premium of S$394.80 for the Premier Plan.
Q. How can my DBS Easy Protect Insurance plan be cancelled?
A. You can opt for cancellation of the policy by getting in touch with Chubb’s Customer Service. However, you must give a prior notice of one month before cancelling the policy.