Etiqa relaunches online savings plan 'EASY save series'

Insurance company Etiqa has relaunched its popular online savings scheme 'EASY save series' with its highest guaranteed returns for eEASY save to date.

Customers can now gain higher guaranteed returns for eEASY save at 2.46 per cent per annum, an increase from its previous tranche at 2.23 per cent, according to a media statement received on Wednesday.

The pioneer in online insurance savings plans also took the lead for immediate online Direct Debit Authorisation (DDA) service, which simplifies and speeds up the payment process for customers, offering greater convenience.

This speedy online service enables customers to make immediate premium payment via Etiqa's web portal. In addition to easy application and instant status updates, there is also an option to set up a renewal premium payment via GIRO.

Recognised for its competitive returns, the EASY save series is designed to tailor to the customer's appetite, savings horizon, and aspirations. Customers can select a participating or non-participating insurance plan, its premium size, and tenure based on their preferences.

EASY save — non-participating plan: Customers can benefit from high guaranteed returns of 2.46 per cent per annum over a policy term of 6 years.

eEASY savepro — participating plan: Customers can yield higher potential returns of up to 3.26 per cent per annum over a policy term of 7 years.