Etiqa Insurance Singapore and AIA Singapore have partnered to offer more Shariah-compliant (Takaful) insurance products in Singapore. This step helps more people access ethical and transparent financial solutions, whether they are Muslim or not.
Through this partnership, Etiqa’s Family Takaful products will be sold via AIA Singapore and AIA Financial Advisers. This will make it easier for customers to find and choose these types of insurance plans.
AIA has a large network of over 6,300 trained insurance representatives. This wide reach will help more people explore and benefit from value-based protection and savings options.
“This partnership marks an important step in advancing access to Shariah-compliant protection and savings solutions in Singapore,” said Claudia Soh, Acting Chief Executive Officer, Etiqa Insurance Singapore. “By leveraging AIA’s extensive distribution network and strong presence within the Muslim community, we can scale Takaful solutions more effectively and reach customer groups that have historically been underserved. As demand for values-aligned financial planning grows, this collaboration reinforces our commitment to inclusive and responsible insurance.”
“This partnership with Etiqa is a pivotal step in our commitment to inclusivity and we are excited to work together,” said Alvin Fu, Chief Distribution Officer, AIA Singapore. “By integrating Etiqa’s Shariah-compliant expertise with our highly professional AIA insurance representatives, we can serve a wider customer base, close protection gaps and help more families live Healthier, Longer, Better Lives.”
Etiqa Insurance Pte. Ltd. (EIPL) is a company in Singapore that offers both life and general insurance. It is licensed and regulated by the Monetary Authority of Singapore under the Insurance Act 1966.
The company has been serving customers in Singapore since 1961, when it was known as United General Insurance Co. Sdn. Bhd. In 2009, it became part of Etiqa Insurance Berhad.
Today, EIPL is a key part of the Etiqa Insurance Group and is known as a leading provider of insurance and takaful services in the ASEAN region.
AIA Group Limited and its companies make up the largest independent publicly listed life insurance group in Asia.
The company operates in 18 markets, including countries like China, Hong Kong, Thailand, Singapore, Malaysia, Australia, Indonesia, Vietnam, and more. It has fully owned businesses in most of these places, along with a joint venture in India.
AIA also owns a 24.99% stake in China Post Life Insurance, further expanding its presence in the region.
Read More- Silicon Quantum Computing raises AUD$20 million round led by NRFC
