UBI Solutions

Singapore: Etiqa Insurance launches usage based car insurance ePROTECT sMiles

Insurance arm of Maybank Group, Etiqa Insurance, has launched an affordable usage-based car insurance ePROTECT sMiles in Singapore, providing 50% premium savings upfront and potentially saving customers close to $500 annually.

Following the wider interest and usage of Usage-based insurance (UBI) in Singapore, the launch of ePROTECT sMiles supports the insurer’s mission to embrace changes and create customer-centric products that better tailor to their needs. This new car insurance solution rewards drivers who drive less with upfront premium savings while still enjoying the same comprehensive car insurance coverage.


Designed to provide more choices and value for drivers, ePROTECT sMiles adopts a “pay-as-you-drive” model. Utilising telematics app technology to measure the driver’s travelled distance and provide driving tips, the usage-based car insurance plan differentiates itself from traditional car insurance as a solution for drivers who spend less time behind the wheel, who will no longer overpay for car insurance.

Using Etiqa’s telematics system to enable smart tracking, the driver’s journeys are recorded via the Smiles by Etiqa Insurance app and a small Bluetooth beacon device provided. For every journey, the app will also measure the smoothness, anticipation, cornering and speed, subsequently generating a trip score from 1 to 5 with a map showing the areas of good driving performance and those for improvement. The rating mechanism is aimed to promote better driving habits, such as driving at or below speed limits and accelerating moderately. A lower driving score may affect the driver’s car insurance renewal premium.

Show More

Related Articles