Online insurance made easier with Budget Direct Insurance, thanks to government digital service

SINGAPORE,July 21,2020 -- Award-winning Budget Direct Insuranceis one of the first Singapore insurers to use MyInfo,a government digital service that makes it even easier for customers to get a quote and buy insurance online.

Budget Direct Insurance launches MyInfo government digital service for faster and simpler online transactions

MyInfo helps Singapore residents manage their personal data faster and more efficiently for simpler online transactions.

Currently,the digital insurer offers one of the fastest quote processes in town,with customers getting a premium quote in just 30 seconds. And now with the implementation of MyInfo,getting a car insurancequote and buying a policyhas never been easier or faster.

Customers with Budget Direct Insurance will be able to use MyInfo,authenticated via their SingPass,to auto-fill personal details when getting a car quote or policy.

These personal details include data from government sources,such as a person's full name,address and NRIC number.

The digital insurer says it is excited to be offering this new service to customers as it will mean an even faster and more efficient online user experience. Customers will no longer have to waste time with repetitive form-filling of personal and vehicle information.

Allowing customers to pre-fill their details by auto-populating personal data with MyInfo will also help reduce any mistakes customers may make when using the old method of manually filling out details on certain online transactions.

Simon Birch,CEO of Budget Direct Insurance,says the use of MyInfo will help make buying insurance online even easier. He said: "We're delighted to be using the government's digital service. Filling in your personal details is time-consuming. Now you'll be able to do it with the click of a button. The fact that this is a government digital service also gives users extra peace of mind with additional online safety and security."

Customers still have the choice to opt out of using MyInfo and can instead continue to fill in the form manually and submit any requested supporting documents.

MyInfo was first trialled with Singapore's major banks such as DBS Bank Ltd,Oversea-Chinese Banking Corporation (OCBC),Standard Chartered Bank (StanChart) and United Overseas Bank (UOB).

Budget Direct Insurance,however,is one of the first insurance companies to offer this service to its customers and says it aims to lead the way in digital innovation.

Simon Birch,added: "We are very proud to be one of the first insurance companies in Singapore to offer this service. We consider ourselves to be a leader especially when it comes to using technology to make buying insurance faster,easier and cheaper for our customers. This is another great way for us to do just that."

About Budget Direct Insurance

Budget Direct Insurance is the trading name of Auto & General Insurance (Singapore) Pte. Limited,which is licensed by the Monetary Authority of Singapore,and bound by the regulations and requirements for insurers.

Budget Direct Insurance was built as a digital start-up in Singapore,and is part of a privately owned global group of companies,whose principal businesses are engaged in insurance underwriting,direct insurance distribution,brokering and related services,online comparison and property development.

The Group,which provides insurance solutions for millions of policyholders worldwide,includes one of the largest direct personal lines insurers in South Africa and one of the largest personal lines insurance intermediaries in the United Kingdom.

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