Shenton Brokers has launched Insurance Checkup, an online tool that helps consumers gain a better understanding of their protection needs, allowing them take steps to narrow gaps in insurance coverage.
According to the digital brokerage, aside from the required car and health insurance products, many Singaporeans can be rather distrustful of insurance. This has led Shenton Brokers to launch an education-based platform for buying insurance, which Insurance Checkup is now a part of.
The tool will allow users to discover their coverage gaps, and provide personalized advice and quotes from over 20 insurance providers. By answering a set of simple questions, Insurance Checkup can generate a report that gives users an overview of their coverage gaps and a summary of insurance recommendations. The process is said to take only around five minutes.
“It is important to review your insurance policy on a regular basis to ensure that you are adequately covered in the event of a mishap,” said Vivien Chua, CTO of Shenton Insurance Brokers. “We recognize that insurance needs will differ from person to person, so we set out to create tools that would help you determine the right coverage for your situation.”