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Etiqa Insurance Singapore is HDB’s Appointed Fire Insurance Provider to HDB Flat Owners

Home / News / Etiqa Insurance Singapore is HDB’s Appointed Fire Insurance Provider to HDB Flat Owners
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Shirley Tan
Etiqa Insurance Singapore
shirley.t@etiqa.com.sg

Insurer to provide basic fire insurance coverage starting 16 August 2024

Singapore, 16 August 2024 – Etiqa Insurance Singapore, a leading life and general insurer in Singapore, has been appointed as the official fire insurer for the Housing and Development Board’s (HDB) Fire Insurance Scheme. This significant appointment marks a pivotal moment in Etiqa’s commitment to safeguarding owners against financial losses arising from fire incidents in their HDB flat and ensuring their peace of mind.

Affordable Protection

The HDB Fire Insurance Scheme plays a vital role in safeguarding HDB flat owners against the devastating effects of fire incidents. Etiqa’s appointment underscores its dedication to serving the community by providing accessible and reliable fire insurance solutions. With Etiqa at the helm, flat owners can be assured that their homes are protected by a trusted and reputable insurer.

Starting from 16 August 2024, Etiqa will provide basic fire insurance coverage for all sold HDB flats. The insurance premium for a 5-year term, which ranges from $1.11 to $6.68 depending on flat type, ensures that fire insurance is affordable and accessible to HDB flat owners. Existing HDB flat owners with a valid fire insurance policy will continue to be covered by the existing fire insurance provider until the policy expiry date.

“At Etiqa Insurance Singapore, we understand the importance of home security, especially in the face of unforeseen events like fires,” said Raymond Ong, CEO at Etiqa Insurance Singapore. “As the appointed insurer for the HDB Fire Insurance Scheme, we are committed to delivering affordable and comprehensive fire insurance coverage and ensuring Singaporean homeowners have the peace of mind they deserve. This means financial protection for one’s home in case of fire damage to internal structures and fixtures provided by HDB.”

Extending Home Protection Beyond HDB Fire Insurance

The HDB Fire Insurance Scheme helps to alleviate the financial burden of repair works for flat owners due to fires. The HDB fire insurance will cover the cost of reinstating damaged internal structures, fixtures and fittings provided by HDB and its approved developers, as well as cover the cost of repair works due to fires in adjoining properties and water damage from burst pipes. 

For more comprehensive coverage, homeowners can consider additional home content insurance plans separately, because such policies can cover potential losses not included under the HDB Fire Insurance Scheme, such as flat contents, personal possessions, or renovations made to the HDB flats. Acquiring these additional policies can provide homeowners with greater peace of mind, knowing that they are well-protected against a broader range of potential incidents.

For more information about the HDB Fire Insurance Scheme and Etiqa’s range of insurance products, please visit http://www.etiqa.com.sg/fire-insurance.

Insurance premiums by flat types*

Flat TypesPremium for 5-year Term
(Includes 9% GST)
Sum Insured (Effective 16 August 2024)
1-Room/Community Care Apartment$1.11$37,900
2-Room/2-Room Flexi/ Studio Apartment$1.99$57,000
3-Room$3.27$83,300
4-Room/S1$4.59$117,000
5-Room/ S2/ 3Gen$5.43$144,800
Executive/Multi-Generation$6.68$176,700
*Terms apply. Protected up to specified limits by SDIC.

About Etiqa Insurance Pte. Ltd.

Etiqa Insurance Pte. Ltd. (EIPL) is a life and general insurance company licensed and regulated by the Monetary Authority of Singapore and governed by the Insurance Act 1966. Having protected customers in Singapore since 1961 under the name United General Insurance Co. Sdn. Bhd., the company transitioned into the Singapore branch of Etiqa Insurance Berhad in 2009. Today, EIPL in Singapore stands as the pivotal operating entity of Etiqa Insurance Group, a leading insurance and takaful provider in ASEAN.

EIPL offers a comprehensive range of life and general insurance products accessible through its diverse distribution channels, including bancassurance, agents, brokers, financial advisers, partnerships, direct and online sales via Tiq by Etiqa. Etiqa is rated ‘A’ by credit rating agency Fitch for the group’s ‘Favourable’ business profile. EIPL is owned by Maybank Ageas Holdings Berhad, a joint venture combining local market expertise with international insurance knowledge, with 69% ownership by Maybank, the fourth largest banking group in Southeast Asia, and 31% by Ageas, an international insurance group operating across 13 countries.

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Media Contacts

Shirley Tan
Etiqa Insurance Singapore
shirley.t@etiqa.com.sg

Thank you for your application. Congratulations on insuring your new home! Please note that this complimentary home insurance policy is only successfully incepted when you receive your Policy Schedule and Welcome Letter from us. If you’d like to stack a higher coverage for your new home and a greater peace of mind, purchase Tiq Home Insurance with an exclusive 25% off with TIQRENO promo code.

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  1. I consent to Etiqa and its related, its agents, authorised service providers and marketing partners collecting, using, disclosing, and/or processing my personal data, in order to contact me about products and services marketed by Etiqa or its partners as well as benefits, promotions and rewards, via the modes mentioned or selected, and using my contact particulars which Etiqa may have in its records from time to time (including where applicable my Singapore telephone number(s));
  2. I confirm and agree that my consents granted herein do not supersede or replace any other consents which I may have previously provided to Etiqa in respect of my personal data, and are additional to any rights which Etiqa may have at law to collect, use or disclose my personal data, unless my consent is withdrawn and notified to Etiqa.
  3. I can choose to withdraw my consent by submitting the Marketing Withdrawal Form at www.etiqa.com.sg or email to customer.service@etiqa.com.sg.

Personal Data Protection Terms & Conditions

I expressly authorise and consent to Etiqa, its officers and employees at their sole discretion, to disclose any and all information relating to me, including my personal particulars, my transactions and dealings and my policies of insurance with Etiqa, to any of the following persons, whether in Singapore or elsewhere:

  1. Etiqa’s related corporations or affiliates;
  2. Any of Etiqa’s contractors or third party service providers;
  3. Any regulatory, supervisory or other authority, court of law, tribunal or person, in any jurisdiction, where such disclosure is required by law, regulation, judgement or order of court or order of any tribunal or as a matter of practice;
  4. Any actual or potential assignee(s) or transferee(s) of any rights and obligations of Etiqa under or relating to my policy or policies for any purpose connected with the proposed assignment or transfer; and
  5. Any credit bureau, insurer or representative, for such purpose(s) that Etiqa in its reasonable opinion considers appropriate including but not limited to the purpose(s) of underwriting, customer servicing, investigation of Etiqa’s representatives and monitoring undesirable sales practices.

Eligibility Conditions

  1. The Insured, also known as the Applicant / Proposer, must be a Singapore citizen, Permanent Resident of Singapore or foreigner with a valid Work Pass, Student Pass, Dependant’s Pass or Long-Term Visit Pass.
  2. The Applicant/Proposer must be at least 18 years of age.
  3. For more information, please view our Policy Wording

Thanks for your interest.

Our Assurance Manager will reach out to you within 2 working days to assist you further.