Get Quotes from Etiqa Insurance
Digital-First Insurance with Affordable, Flexible Plans for Modern Lifestyles
⭐ Overall Rating: 4.4/5
Etiqa Insurance Singapore, a member of Maybank Group, is a fast-growing insurer known for its digital innovation, competitive premiums, and user-friendly platforms. Offering a wide range of general and life insurance products — including travel, motor, home, savings, and protection plans — Etiqa appeals to tech-savvy individuals looking for convenience, value, and simplicity in their insurance experience.
✅ Pros
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Highly Competitive Pricing: One of the most affordable insurers in Singapore across travel, motor, and term life plans.
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Strong Digital Experience: Seamless online policy purchase, claims submission, and account management via the Etiqa app and website.
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Fast Claims Approval: Many claims (e.g., travel and car insurance) are approved within 1 working day — one of the fastest in the market.
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Eco-Friendly e-Policies: 100% digital documentation reduces paper waste and improves accessibility.
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Wide Range of Products: Covers general insurance (car, travel, home), life insurance (term, savings, retirement), and investment-linked policies.
❌ Cons
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Limited Face-to-Face Advisory: Not ideal for those who prefer in-person financial planning or agent-led services.
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Newer Market Presence: While backed by Maybank, Etiqa is a relatively new brand in Singapore compared to legacy insurers like AIA or Prudential.
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Fewer High-Net-Worth Solutions: Lacks the premium wealth and legacy planning options of global competitors.
💰 Pricing
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Travel Insurance: From SGD $6/trip — among the cheapest for regional plans with COVID-19 coverage included.
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Term Life Insurance: Starting from SGD $18/month for basic protection.
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Car Insurance: From SGD $700/year for comprehensive plans, depending on vehicle and NCD.
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Savings Plans: Start from SGD $100/month with guaranteed returns and capital protection options.
Pricing varies depending on age, plan type, and coverage level.
🏆 Final Verdict
Etiqa Insurance Singapore is an excellent choice for digitally savvy consumers seeking fast, affordable, and transparent insurance solutions. With strong financial backing from Maybank and a focus on convenience, Etiqa is ideal for everyday coverage needs — though it may not suit those seeking complex wealth planning or high-touch service.
