According to a news report in The Straits Times dated 14 February 2022, Singapore’s life insurance industry posted a total of $5.4 billion in weighted new business premiums in 2021, indicating a 23 per cent increase from the total amount achieved in 2020.

In an official press statement issued by the Life Insurance Association Singapore (LIA) on the same day, the sudden surge in new business premiums was largely driven by the high volume of new business obtained in the first half of 2021 which also serves to indicate a gradual economic recovery in Singapore amid the Covid-19 pandemic.

The pace of Singapore’s economic recovery apparently shows the resilience of the Southeast Asian nation’s economy amid a pandemic which has created high unemployment rates and economic stagnation across many countries around the world.

As a nation with one of the highest GDP per capita in the world and an economy which has been steadily developing to new heights each year, Singapore has always been the main attraction for investors worldwide who seek to not just invest in Singapore itself but also to utilise its strategic geographical location in the region as a springboard to venture into other emerging markets in Southeast Asia.

Apart from that, Singapore’s economy, which has been highly integrated with state-of-the-art digital technology to facilitate financial transactions and procedures across the country’s various financial institutions, also offers investors a wide array of investment platforms to choose from including forex, cryptocurrencies and commodities just to name a few, all of which involve high amount of investment capitals.

With such high stakes that are placed by investors into such investments, there is a growing need among investors to insure their investments with innovative yet reliable insurance premiums to safeguard their precious investment capitals. Therefore, sensing this increasing demand in Singapore, Betadia decided to officially launch its insurance packages in the vibrant island nation on 1 March 2022 to provide fellow investors there with a diverse range of digital insurance.

As a firmly established digital insurance company with a positive track record, Betadia’s digital insurance can certainly provide investors in Singapore with an ideal alternative which can better safeguard their investment capitals. Due to the innovative nature of Betadia’s digital insurance packages, Betadia is inarguably a perfect fit with the highly-digitised economy of Singapore.

Under increasingly positive circumstances, particularly the Singaporean economy which is currently undergoing a recovery phase coupled with the gradual reopening of its borders to international visitors after a long battle against Covid-19, Betadia’s launching in the island nation comes at just the right time. As a digital insurance company which not only provides insurance protection for investments but also advice and the latest market insights to investors, the highly anticipated arrival of Betadia will undoubtedly be a welcoming sight for many investors.

By insuring their investment capitals with Betadia’s digital insurance, investors will go on to invest in other platforms with a great sense of confidence and security, knowing that their hard-earned investment capitals are insured in safe hands.

For further enquiries on Betadia and our range of insurance plans, feel free to drop us your email at [email protected] or visit Betadia.