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- From 14 November to 15 January, Phillip Securities clients that fund their accounts with a sum of S$10,000 will enjoy a complimentary personal accident insurance plan.
- Online application for Phillip Protect is hassle-free and does not require any pre-acceptance medical examination.
SINGAPORE, 22 NOVEMBER 2022 – ECICS Insurance, an extension of financial house PhillipCapital, has launched Phillip Protect Personal Accident Insurance (Phillip Protect) for Phillip Securities clients. In an exclusive promotion from 14 November 2022 to 15 January 2023, clients that fund their accounts with a sum of S$10,000 for trading or investments will enjoy a complimentary personal insurance plan through Phillip Protect.
Mr Luke Lim, Managing Director, Phillip Securities, said “We are heartened that we have been able to work with ECICS Insurance to develop Phillip Protect. Insurance protection is a key component in wealth planning. We understand the pain points that it is not always easy to secure reliable personal accident insurance, and we hope Phillip Protect will add an extra layer of coverage for our clients.As part of our hi-tech, hi-touch approach, we have taken proactive steps to understand these pain points and work closely with ECICS Insurance to look at how we can collectively optimise the digital solutions available to us, to provide a product that is hassle-free.This is part of our efforts to provide a comprehensive suite of financial services for all Phillip Securities clients, to cater to their financial management needs.”
Phillip Protect is a Personal Accident Insurance Plan underwritten by ECICS Limited. With this, Phillip Securities clients will be able to get additional coverage up to S$100,000 against permanent disability and death to their insurance coverage with a monthly payment of just S$3 (exclusive of GST).
At Phillip Securities where convenience is of utmost importance to clients, the sign up process has been streamlined with hassle-free online application for Phillip Protect and it does not require any pre-acceptance medical examination. This policy is available for Phillip Securities clients aged between 18 to 65 years old during plan enrolment and is renewable up to 70 years old.
Policy coverage of Phillip Protect
| S/N | Benefits Payable to Any One Person per Accident | Sum Insured |
| 1. | Death | S$100,000 |
| 2. | Total and irrecoverable Loss of Sight in both eyes | S$100,000 |
| 3. | Total Loss of Limb by physical severance at or above wrist or ankle of: both hands or both feet; andone hand together with one foot | S$100,000 |
| 4. | Total Loss of Limb by physical severance at or above wrist or ankle of: One hand or one foot; andTotal and irrecoverable Loss of Sight in one eye | S$100,000 |
| 5. | Total and irrecoverable Loss of Sight in one eye | S$50,000 |
| 6. | Total Loss of Limb by physical severance at or above wrist or ankle of one hand or one foot | S$50,000 |
Mr Choi Kin Seng, Chief Executive, ECICS Insurance, said “We understand the fragility of life and the importance of insuring yourself against unfortunate events. We also recognise the value of maintaining strong personal relationships with our clients and business partners. It is part of our mission to leverage technology to simplify the process for our clients to get insured. With this mission, we have worked closely with Phillip Securities to develop and optimise Phillip Protect as a cost-, time-, and labour-efficient service that provides a value-for-money proposition for Phillip Securities clients.”
The personal accident insurance plan safeguards one from a comprehensive list of injuries, designed to provide financial assistance payable upon death or permanent disablement. Everyone in the family, from the breadwinner to the homemaker, will enjoy the peace of mind that comes with a personal accident plan readily accessible with a tap. The launch of Phillip Protect is part of PhillipCapital’s commitment to providing a comprehensive financial management experience and quality service for clients.
For enquiries, please visit https://insurance.poems.com.sg/phillipprotect.
About PhillipCapital
Since inception in 1975, PhillipCapital has grown into an integrated Asian financial house with a global presence, offering a full range of quality and innovative services to retail and high net worth individuals, family offices, as well as corporate and institutional customers.
Today, PhillipCapital headquartered in Singapore, operates in the financial hubs of 15 countries, including offices in Australia, Cambodia, China (and Hong Kong SAR), India, Indonesia, Japan, Malaysia, Singapore, Spain, Thailand, Turkey, UK, UAE, USA and Vietnam, serving over 1 Million clients with Assets Under Management of total more than USD 35 Billion.
About ECICS
ECICS has a uniquely Singaporean heritage, set up in 1975 by the Singapore Government to encourage and support the growth of small and medium enterprises (SMEs) through providing export credit insurance during Singapore’s developing years. In 2013, ECICS became a fully licensed general insurer (under the Monetary Authority of Singapore) to underwrite a full range of general insurance product lines.
ECICS is now a subsidiary of IFS Capital Limited (an SGX-listed Southeast Asian financial group) and part of the PhillipCapital Group. ECICS remains truly Singaporean at our core, loyally serving our home market by providing insurance protection for families and companies.
For media queries, please contact:
Karyn LOW Aidan WOODFORD
Marketing Communications, Senior Consultant,
PhillipCapital Black Dot
e. karynlowpl@phillip.com.sg e. aidan@blackdot.sg
m. 9852 1728 m. 8102 6720
