DBS Bank is improving its digital insurance platforms to encourage young adult customers to purchase insurance cover online, rather than through an agent. The bank has entered into bancassurance agreements with several leading insurance companies allowing them to make use the bank’s customer base and branch network. The bank said it will increase its online insurance offerings to meet the needs of younger customers. One of the products that will be available online is health insurance plan CancerCare, which covers all stages of cancer and can be renewed automatically every 5 years, with no need for a health check-up.
