Limited time offer: 3 months of free online banking protection insurance

Photo by Nahel Abdul Hadi on Unsplash

Good for those worried about being scammed online; offer ends 31 August

Personal finance portal, SingSaver, conducted a recent pandemic survey to find out more about Singaporeans changing financial habits. The poll gathered 1,000 responses on Singaporeans’ attitudes pertaining to their personal finance amid Covid-19. There were two key findings:

1) There is a rise in online banking

2) Singaporeans are concerned about online data security

Here are the details:

  • 7 out of 10 respondents are concerned about online data security due to increased usage of online banking
  • 35% of the respondents indicate that they are “not comfortable” or “neutral” when using online banking tools 
  • When asked reasons for their discomfort, 45% of these respondents mentioned the fear of fraudulent transactions

 If the above is TL;DR, then here’s a nice infographic summing up the findings:

If you’re worried about being a victim of online fraudalent activity or you know folks (maybe your parents/ boomers) who need such protection, please do consider reviewing and signing up for this Allianz Insurance Singapore offer, ending 31 August.

The free three month insurance covers incidences such as: 

  • Unauthorised access to or use of credit card, debit card or bank account issued by a financial institution in Singapore in electronic device(s) 
  • Transmission or introduction of computer virus or harmful code into electronic device(s) 
  • Alteration, corruption, damage, manipulation, misappropriation, theft, deletion or destruction of one’s electronic device(s); or
  • Inhibition or restriction of access targeted at or directed against one’s electronic device(s)

The plan reimburses consumers up to SGD1,000 per event or SGD2,000 per insured individual for such cyber attack incidents. 

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