Etiqa Insurance From Which Country

Etiqa Insurance From Which Country: A Comprehensive Guide

Etiqa Insurance is a well-known insurance company that provides a wide range of insurance products and services to its customers. The company has a strong presence in Southeast Asia, with offices and operations in Malaysia, Singapore, Indonesia, and the Philippines. Etiqa Insurance is a subsidiary of Maybank Group, one of the largest financial institutions in Southeast Asia.

In this article, we will take a closer look at Etiqa Insurance and explore its origins, history, products, and services. We will also examine the company’s operations in the countries where it operates and its contributions to the insurance industry.

The Origins of Etiqa Insurance

Etiqa Insurance is a relatively young company, having been established in 2005 in Malaysia. It was created as a joint venture between Maybank Group and the Overseas Assurance Corporation (OAC), a subsidiary of Great Eastern Holdings. The company’s name, Etiqa, is derived from the words ethical and takaful, which means Islamic insurance.

Etiqa Insurance was launched with the aim of providing affordable and accessible insurance products and services to Malaysians. The company quickly gained popularity and expanded its operations to other countries in Southeast Asia.

Etiqa Insurance Products and Services

Etiqa Insurance offers a wide range of insurance products and services to its customers. These include life insurance, health insurance, motor insurance, travel insurance, and home insurance. The company also provides takaful products, which are Islamic insurance products that comply with Shariah law.

Etiqa Insurance’s life insurance products include term life insurance, whole life insurance, and endowment plans. The company’s health insurance products cover medical expenses, critical illnesses, and personal accidents. Etiqa Insurance’s motor insurance products provide coverage for cars, motorcycles, and commercial vehicles. The company’s travel insurance products offer protection for travel-related risks, such as trip cancellations, medical emergencies, and loss of baggage. Finally, Etiqa Insurance’s home insurance products protect homes and their contents against fire, theft, and other hazards.

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Etiqa Insurance Operations in Malaysia

Etiqa Insurance is headquartered in Kuala Lumpur, Malaysia, and has a strong presence in the Malaysian insurance market. The company is the largest takaful operator in Malaysia, with a market share of over 30%. Etiqa Insurance has over 23,000 agents and employees in Malaysia and serves over 1.4 million customers.

Etiqa Insurance has received numerous awards for its products and services in Malaysia. In 2020, the company was named the Best Life Insurance Company and Best Takaful Operator at the Malaysian e-Commerce Awards. Etiqa Insurance was also awarded the Gold Award for Best Digital Customer Experience at the 2019 Customer Experience Asia Summit.

Etiqa Insurance Operations in Singapore

Etiqa Insurance has been operating in Singapore since 2008 and is one of the leading insurance companies in the country. The company offers a wide range of insurance products and services to its customers in Singapore, including life insurance, health insurance, travel insurance, and car insurance.

Etiqa Insurance has over 600,000 customers in Singapore and is recognized for its innovative products and services. In 2019, the company launched the first online insurance savings plan in Singapore, called Tiq Save, which allows customers to save and grow their money with zero lock-in periods, no sales charges, and no withdrawal fees.

Etiqa Insurance Operations in Indonesia

Etiqa Insurance entered the Indonesian insurance market in 2017 and has since become one of the fastest-growing insurance companies in the country. The company offers a range of insurance products and services to its customers in Indonesia, including life insurance, health insurance, and car insurance.

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Etiqa Insurance has received several awards for its products and services in Indonesia. In 2019, the company was awarded the Best Takaful Operator by the Indonesian Insurance Award. Etiqa Insurance was also recognized as the Best General Insurance Company at the 2020 Global Banking and Finance Awards.

Etiqa Insurance Operations in the Philippines

Etiqa Insurance entered the Philippine insurance market in 2019 and has quickly established a strong presence in the country. The company offers a range of insurance products and services to its customers in the Philippines, including life insurance, health insurance, and car insurance.

Etiqa Insurance has received several awards for its products and services in the Philippines. In 2020, the company was awarded the Best Life Insurance Company and Best General Insurance Company at the International Finance Awards.

Conclusion

Etiqa Insurance is a reputable insurance company with a strong presence in Southeast Asia. The company offers a wide range of insurance products and services to its customers, including life insurance, health insurance, motor insurance, travel insurance, and home insurance. Etiqa Insurance’s operations in Malaysia, Singapore, Indonesia, and the Philippines have been recognized for their innovative products and services and their contributions to the insurance industry. As a subsidiary of Maybank Group, Etiqa Insurance is well-positioned to continue its growth and expansion in the region.