Great Eastern to offer modular insurance via Samsung Pay

Great Eastern to offer modular insurance via Samsung Pay | Insurance Business

Great Eastern to offer modular insurance via Samsung Pay

Great Eastern Insurance has partnered with Samsung to offer modular insurance products to Samsung Pay users for as little as SG$1 a day.

The products include the insurer’s GREAT Smart Cover, a personal accident plan that offers up to SG$50,000 coverage for death and permanent total disability resulting from an accidental injury, and GREAT Smart Home, a home insurance plan that protects home contents and personal effects against risks such as fire, burst water pipes, and burglary, a statement from Great Eastern said.

These products will be available through the Samsung Pay application and can be found by clicking the Great Eastern icon under the ‘Discover’ tab.

Samsung Pay users can select the coverage period for each plan - three, five, seven, or 14 days depending on their needs - and pay for it directly through the app.

“We are delighted to once again partner Samsung, this time in delivering insurance services digitally to the users of Samsung Pay,” said Ryan Cheong, managing director of digital for business at Great Eastern. “Our goal is to offer everyday insurance solutions to new segments of customers more conveniently and seamlessly. Samsung Pay users can look forward to the availability of a wider range of lifestyle-related modular products in the coming months.”