Introducing Dash PET Plus
Besides saving and earning high returns on Dash PET, you can now grow your money through Dash PET Plus.
At a glance:
- Start investing from S$1,000
- Stress-free way to start investing with no expertise needed
- Full flexibility to top up and withdraw anytime
- Low management charge
Promotion:
Earn cashback and bonus units
From now till 25 May 2023, activate Dash PET Plus with minimum first premium payment to get:
Additional 1% bonus units
S$5,000 to S$99,999 payment
Giving you More
for your money
More choice
Diversify beyond just
saving with Dash PET
More ease
No expertise needed - portfolio
managed by UOB Asset Management
More potential
returns
Low management charge at 0.75% p.a. of your account value
(Refer to Etiqa portfolio prices page
to view portfolio historical returns)
Note: Capital and returns
are not guaranteed
More flexibility
Choose to reinvest or cash
out dividend earnings
Simple and easy way
to grow your wealth
Managed by:
Underlying funds in Dash PET Plus:
- United Singapore Bond Fund
- United SGD Money Market Fund
Review Dash PET Plus Portfolio Funds & Prices
Note: A management charge of 0.75% p.a. of your Dash PET Plus account value will be applicable and deducted from your Dash PET Plus policy at the start of each month, starting from the Dash PET Plus commencement date. Other fund fees may apply.
Adding even more protection
to complement your Dash PET
Here's how all your protection stacks up!
- Death benefit of 105% of Dash PET account value
- Life protection of up to S$50,000* (activation required)
Add-on:
- Activate for more coverage: Major Cancer, Death & Total and Permanent Disability, and Accidental Death
- Death benefit of 105% of single premium and top-up, less 105% of any partial withdrawal from Dash PET Plus account value
- Up to S$5 million payout for Terminal Illness (aggregated across all Etiqa policies and riders with the same benefit)
Giving you more for your money
Unlimited top-ups and withdrawals
Choose to re-invest or cash out your dividend earnings
Activate recurring top-ups from S$100 per month to achieve dollar-cost averaging
Start your Dash PET Plus journey now
Open to all Dash PET users (17-60 years old, age next birthday)
Don't forget our launch promotion to get additional 1% bonus units!
Step 1
Tap on Dash PET Plus banner
on Dash PET dashboard
Step 2
Indicate your premium amount and
portfolio fund preference to sign up
Step 3
After activating Dash PET Plus,
manage your policy on the Dash PET dashboard
Singtel Dash app now
We’re featured here too!
ETIQA INSURANCE & UOB ASSET MANAGEMENT
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Frequently Asked Questions
What is Dash PET Plus?
Dash PET Plus is a yearly renewable, optional single premium investment-linked insurance rider (ILP)
that is designed to meet your wealth accumulation needs.
Dash PET Plus will renew yearly as long as the Dash PET policy remains in force till the policy
anniversary immediately before the life insured attains 100 years old. This plan provides protection
against death and terminal illness of the life insured during the policy term.
Dash PET Plus is underwritten by Etiqa Insurance Pte. Ltd.
Who can apply for this plan?
You can purchase Dash PET Plus for yourself if you are:
- a Singapore citizen or permanent resident with a valid NRIC; or
- a foreigner holding a valid Work Pass/Permit or Long-Term Visit Pass; and
- You have an existing Dash PET account; and
- You are between age 17 to 60 (age next birthday); and
- You met the Customer Knowledge Assessment (CKA) criteria
How do I get started?
Dash PET Plus is only available for existing Dash PET users. If you’re not yet on Dash PET, simply
launch your Dash app > Tap ‘Grow Money’ > Sign up for Dash PET (min. S$50).
On the Dash PET dashboard, select Dash PET Plus to sign up:
- Select your portfolio fund option: Dividend Reinvest or Dividend Cashout Complete the Customer Knowledge Assessment (CKA)
- Fund your Dash PET Plus account from S$1,000
For more information on Customer Knowledge Assessment, click here.
Can I invest in more than one portfolio fund?
You can only invest in 1 portfolio fund at any point in time per active ILP policy (reinvest or cashout). However, you may sign up for more than one ILP policy with varying portfolio fund options.
Is there a minimum Dash PET Plus account value to maintain?
You can start investing with an initial single premium of S$1,000 up to a maximum of S$99,999.
Thereafter, a minimum Dash PET Plus account value of S$100 is required to maintain the ILP.
Initial premiums can be made through the following options:
- PayNow mobile
- Deduction from Dash PET account
Top-up is required in order for your Dash PET Plus to remain active, otherwise your Dash PET Plus will be surrendered after the thirty (30) days grace period. The proceeds shall be given back to you through PayNow mobile.
How is the Dash PET Plus account value calculated?
Dash PET Plus account value is the value of all the units in your rider less any applicable fees and charges. Dash PET Plus is subject to the market performance of the assets of the ILP sub-funds. Your investment returns are subject to investment risks, including the possible loss of the principal invested. The value of the units in the Portfolio fund may fall as well as rise depending on economic / market conditions.
Can I switch between Reinvest and Cashout Portfolio funds?
Yes, you can switch between the 2 portfolio funds.
Do note the following changes will apply for each change request:
- At each successful request, Etiqa will switch out all the funds in the current portfolio fund into the other portfolio fund.
- Should the fund switch request be received before 3 p.m. (Singapore time), Etiqa will use the unit price for the current Valuation day else it will be based on the unit price as at the next valuation day.
There is currently no charges when you switch your portfolio fund.
How do I top up Dash PET Plus? Is there an option for recurring top-up?
You can make a recurring or ad-hoc top-up immediately after the rider issuance to power up your investment. Recurring top-up can only be made via deduction from your Dash PET policy.
Ad-hoc Top-up
- Ad-hoc top-up(s) are one-off top-up(s) made to Dash PET Plus. You may make your ad-hoc top-up(s) via PayNow mobile or from your Dash PET account.
- The minimum amount for ad-hoc top-up is S$100 and the maximum is capped at $99,999 per transaction.
Recurring Top-up
- The minimum amount for recurring top-up is S$100 per month.
- The maximum recurring top-up per enrolment allowed is S$30,000.
Top-up is subject to the maximum Dash PET Plus account value cap of S$99,999. Should the Dash PET
Plus account value exceeds the maximum Dash PET Plus account value, no top-up is allowed.
Etiqa reserves the right to revise the top-up requirements at any time by giving you thirty (30)
days’ written notice.
Top-up of portfolio fund will be processed according to the respective ILP sub-funds allocation.
When does the account display get updated after I submit my application or Top-up?
If you submit your applications/request before 3 p.m. (Singapore time), Etiqa will use the unit
price for the current valuation day or else it will be based on the unit price as at the next
valuation day.
Below is a simple illustration on the date that your units and unit price will be available for
viewing via Singtel Dash app.
A simple illustration:
| Application Submission Date | Unit Pricing Used | Display of Units & Unit Price |
|---|---|---|
| 01 February 2022 on or before 3 p.m. (Singapore Time) | 02 February 2022 | Available on 03 February 2022 |
| 01 February 2022 after 3 p.m. (Singapore Time) | 03 February 2022 | Available on 04 February 2022 |
Can I withdraw from my Dash PET Plus?
You may withdraw money from your Dash PET Plus through the following ways:
Partial WithdrawalYou can make partial withdrawal(s) any time after the rider issuance, subject to the following:
- Minimum partial withdrawal amount is S$100.
- After partial withdrawal, the minimum account balance must be at least S$100.
- Partial withdrawal(s) is not allowed if the remaining amount in your account value falls below the minimum requirement of S$100 after withdrawal(s).
You can submit a request for partial withdrawal(s) via Singtel Dash app. You may choose to receive
the partial withdrawal amount via PayNow mobile or transfer back to your Dash PET account. Payment
to third party account is not allowed.
You will receive a SMS and email notification upon successful withdrawal.
The partial withdrawal requirements is subject to change and a thirty (30) days’ written notice will
be provided to you.
For partial withdrawal to your Dash PET account, ensure that your Dash PET account has not reach its
maximum account value of S$30,000. The partial withdrawal request will not be processed if the
amount exceeds the maximum Dash PET policy account value.
If you choose the option to transfer to you via PayNow mobile, a charge of S$0.70 will be imposed
for every transaction via PayNow mobile and it will be deducted from the transferred amount.
Partial withdrawal(s) will reduce the Dash PET Plus account value by the withdrawn amount.
Partial withdrawal(s) will be processed proportionately according to the respective ILP sub-funds
allocation.
Upon full surrender, Etiqa will pay the surrender benefit in one lump sum which is equivalent to the
Dash PET Plus account value, less applicable fees and charges. When Etiqa makes this payment, the
Dash PET Plus policy ends. You may request for a full surrender any time after the free look period.
The surrender proceeds will be transfer to you via PayNow mobile and Etiqa will be deducting $0.70
charge from the surrender amount.
You will receive a SMS and email notification upon full surrender. There is no additional fees for
full surrender.
What if I change my mind?
You may cancel (free look) Dash PET Plus within 14 days after you received the rider document, for
any reason. Etiqa will refund you the premiums you have paid less any change in the unit price(s) of
the portfolio fund and any costs incurred by the company in assessing the risk under the Dash PET
Plus. Any partial withdrawal previously paid to you under this Dash PET Plus will also be deducted.
Should the free look request be received before 3 p.m. (Singapore time), Etiqa will use the unit
price for the current valuation day or else it will be based on the unit price as at the next
valuation day. In the event that the Dash PET Plus account value of the portfolio fund is more than
the premium paid, Etiqa will only refund the premium paid. The free look proceeds will be
transferred to you via PayNow mobile and Etiqa will be deducting $0.70 charge from the free look
amount.
If your Dash PET Plus document is sent by email, Etiqa considers this is delivered to you 1 day
after the date of emailing.
How do I check the status of my requests or view my policy status?
You can check the status of your request or access your policy status such as your account value via Singtel Dash app.
Will there be any monthly policy statements sent to me?
A monthly policy statement will be sent to you via email. This document aims to keep you informed of the status of your Dash PET Plus such as the account value, total top-up(s) and total partial withdrawal(s). Alternatively, you may view the monthly policy statement via TiqConnect customer portal.
What are the protection benefits cover for Dash PET Plus?
You are covered for death and terminal illness benefit. Etiqa will pay the higher of:
The Dash PET Plus account value; or 105% of net premiums*
less any fees and charges applicable.
Dash PET Plus will end when Etiqa makes this payment.
*refers to single premium plus ad-hoc and recurring top-up paid to date less withdrawals.
A simple illustration:
| Scenario A | Scenario B | |
|---|---|---|
| Single premium | S$50,000 | S$50,000 |
| Account value | S$60,000 | S$45,000 |
| Death or terminal Illness benefit | S$60,000 | S$52,500 |
Based on scenario A, Etiqa will payout the account value since it is higher than the death /
terminal illness benefit.
Based on scenario B, Etiqa will payout the death / terminal illness benefit since the account value
is lower.
You may refer to the Product Summary for more details on the plan benefits and exclusions.
How is my Dash PET Plus protected?
Dash PET Plus is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your Dash PET Plus is automatic and no further action is required from you.
For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC web-sites ( www.lia.org.sg or www.sdic.org.sg).
What happens when the Dash PET Plus reaches maturity?
Dash PET Plus will mature when you reach 100 years old. The maturity benefit payable will be the Dash PET Plus account value less any applicable fees and charges.
What are the applicable fees and charges?
| Fees and Charges | |
|---|---|
|
Management Charge
(A fee that Etiqa charges for the management of your rider.) |
0.75% per annum of your Dash PET Plus account value |
|
Fund Management Fee
(A fee that is payable to the Fund manager / ILP sub-fund manager for managing the Portfolio funds and ILP sub-funds.) |
Please refer to individual funds’ management fee here. |
Fees and charges are subject to changes and a thirty (30) days’ written notice will be provided to you if Etiqa does so.
How do I file for a death / terminal illness claim?
Etiqa is committed to keeping the claim process as swift as they can. To assess this claim, please send a written notice to Etiqa at PolicyServicing@etiqa.com.sg within 3 months of the occurrence of the claim event.
Who is Etiqa Insurance?
Dash PET Plus is underwritten by Etiqa Insurance Pte. Ltd., a licensed life and general insurance company registered in the Republic of Singapore and governed by the Insurance Act. It is an insurance arm of Maybank Group which is among Asia’s leading banking groups and South East Asia’s fourth largest bank by assets. To know more about our corporate profile, visit our website at http://www.etiqa.com.sg
Who should I contact if I have further questions?
If you have any other enquiries on Dash PET Plus, you may WhatsApp Etiqa’s friendly Customer Care Consultants at +65 6887 8777 during their operating hours – Mondays to Fridays, 8.45am to 5.30pm (excluding Public Holidays).
Disclaimers:
*Complimentary protection sum assured is based on up to 5X of the first S$10,000 of your Dash PET Account
Value.
Dash PET and Dash PET Plus policies are underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No.
201331905K).
Dash PET Plus is an Investment-linked Plan (ILP) which invest in ILP sub-fund(s). Investments in this plan are
subject to investment risks including the possible loss of the principal amount invested. The performance of
the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income
accruing to the units, if any, may fall or rise. Past performance is not necessarily indicative of the future
performance of the ILP sub-fund(s).
A product summary and product highlights sheet(s) relating to the ILP sub-fund(s) are available and may be
obtained via www.tiq.com.sg/dash-pet-plus-portfolio-funds. A potential investor should read the
product summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP
sub-fund(s).
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually
involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total
premiums paid. You should seek advice from a financial adviser before deciding to purchase the policy. If you
choose not to seek advice, you should consider if the policy is suitable for you.
This content is for reference only and is not a contract of insurance. Full details of the policy terms and
conditions can be found in the policy contract.
This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore
Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required
from you. For more information on the types of benefits that are covered under the scheme as well as the
limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC
websites (www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is accurate as at 11 April 2023.
