Dash PET

[oceanicmanta]

Don't think is 100k. This is insurance not bank. It'll pay you only the surrender rate. Let's say u put in 200k but surrender rate is 160k then u only get 160k

https://www.sdic.org.sg/pp_faq/#1668931995935-be201bfe-4712

Upon death, it'll pay 105%.

guaranteed surrender value still capped at 100k per life assured

guaranteed sum assured is capped at 500k ( this is the payout for insured event eg death ) per life assured

it seems SDIC has expanded on this section, giving more helpful examples & explanation

https://www.sdic.org.sg/pp_entitlement/

 

[maumu]

Yes you're correct. But enets only allow top up to 50k IN TOTAL in pet2 wallet. I don't think you can put in 100k. It seems to be pet2 wallet limitation

I still don't quite get how one can buy 50k plan if the limit of the PET 2 account is 50k and also need min. $1 balance.

very confusing... this product.

anyone managed to buy 50k successfully?

 

[zerodayAkane]

Anyone experiencing this issue where you are signing up for the dash pet 2, say the initial amount you indicate is 50 dollars and you fill up the form and when it is time to top up using paynow using the qr code the dash pet 2 keep refunding the amount ??

 

[peppermint7]

I still don't quite get how one can buy 50k plan if the limit of the PET 2 account is 50k and also need min. $1 balance.

very confusing... this product.

anyone managed to buy 50k successfully?

It's good to buy in small tranches just in case if you need money urgently you no need to surrender a huge chunk. Just keep it to 40k per rider la

 

[peppermint7]

Anyone experiencing this issue where you are signing up for the dash pet 2, say the initial amount you indicate is 50 dollars and you fill up the form and when it is time to top up using paynow using the qr code the dash pet 2 keep refunding the amount ??

A handful has feedback same thing. Just go by eNets will do

 

[peppermint7]

guaranteed surrender value still capped at 100k per life assured

guaranteed sum assured is capped at 500k ( this is the payout for insured event eg death ) per life assured

it seems SDIC has expanded on this section, giving more helpful examples & explanation

https://www.sdic.org.sg/pp_entitlement/

Thanks for spotting this. So in the event Etiqa ascend to heaven we can at most get back 100k. But since it is under Maybank's arm, i don't think it'll belly up so soon. Touch wood if it really does, as the statement says
The preferred course of action is to transfer the insurance business of the failed insurer to another insurer, especially in the event of the failure of a life insurer, as there is less disruption for policy owners.

Base on the above consideration, keep to 100k seems logical. Any excess is extra risk taken.

 

[bargin]

Anyone experiencing this issue where you are signing up for the dash pet 2, say the initial amount you indicate is 50 dollars and you fill up the form and when it is time to top up using paynow using the qr code the dash pet 2 keep refunding the amount ??

Use eNets to pay will do, no issue

 

[heng_ah]

A handful has feedback same thing. Just go by eNets will do

Open two tranches today.
First one by eNETS.
Second one via Paynow.

Both using SCB.
No issues encountered.

 

[DenOOO]

gg monies went mia after paying by enets.

funds are now confirmed missing.

 

[maumu]

I can't even get eNets or PayNow to topup PET 2 the stupid screen just blank out. When I called up Dash hotline, the CSO said they cannot see PET 2 because it's under Etiqa.

very unfriendly app to use.

anyone tried instead to topup Dash wallet then transfer to PET 2 and then pay for the fixed plan? (anyway this is not much use as Dash wallet max holding is only $3k)

 

[teatrino]

I couldn't load the Pet screen at 2+ 3+pm. Just managed to load it about 5 minutes ago. Then generated the Paynow QR and paid from my bank directly. Now it's reflecting Processing.

 

[IcYFl4mEz]

I open dash pet 2, top up $50 instant reflect.
Top up another 20k via enets , amount deducted, but dash pet side shows high vol pls come back again. Now never reflect.
Anyone encounter same?

 

[IcYFl4mEz]

gg monies went mia after paying by enets.

funds are now confirmed missing.

Yours is it also after successful payment, go back dash app it show high demands pop out ?

 

[DenOOO]

Yours is it also after successful payment, go back dash app it show high demands pop out ?

It just went haywire with nothing shown.

Then shortly after a pop up saying system maintenance.

 

[IcYFl4mEz]

It just went haywire with nothing shown.

Then shortly after a pop up saying system maintenance.

Mine show high demand, please come back again etc popup. Takes forever to load hence close the app n relogin , never reflect the amount.
Ya their CS not working today. How u confirmed your fund missing? Can only wait till tomorrow to call them to confirm

 

[DenOOO]

Ya their CS not working today. How u confirmed your fund missing? Can only wait till tomorrow to call them to confirm

So long not reflected, it is "missing" and will most probably take a few days if not weeks for the CSO investigate as well.

Damn, topped up at the wrong time.

 

[IcYFl4mEz]

So long not reflected, it is "missing" and will most probably take a few days if not weeks for the CSO investigate as well.

Damn, topped up at the wrong time.

I opened the acct with $50. It shows up. Thats why i did a top up again but this time didnt. Look like tmr they will be flooded with calls for such cases.

just now i restart the app a few times, got once it shows system maintenance.

 

[DenOOO]

I opened the acct with $50. It shows up. Thats why i did a top up again but this time didnt. Look like tmr they will be flooded with calls for such cases.

Yep only the $50 initial went through.

Was looking to fund the policies on the 1st day of the month but oh well...

 

[maumu]

Finally I managed to top up PET 2, and then use it to pay for the fixed plan.

The process is like depend on luck. The Dash CSO on Chat says there is a problem with topping up Dash PET 2 today, and Etiqa is working on it.

I just tried a few minutes ago and it worked. Topped up using PayNow (instead of eNets) with DBS.

@peppermint7 I think you meant this when you said there's a clause about policy termination if the balance is below $1, from PET 2 policy document:

Your policy will be terminated when one of these events happens first:
(a) We paid out 100% of the Death Benefit;
(b) Life Insured is deceased;
(c) We paid out 100% of the Maturity Benefit on the maturity date;
(d) Your Account value is less than S$1;
(e) 90 days after We give You notice that the policy cannot be renewed;
(f) We receive Your written request and accept Your request to terminate the policy; or
(g) Any other cause of termination as permitted under or any change of laws or regulatory requirements, including court orders.

 

[maumu]

@peppermint7

Not sure if you read this from the PET 2 policy contract document:

5.2 One Cover Per Life Insured
Each Life Insured is only allowed to purchase and hold one policy at any time under the same Portfolio.
If You have more than one Certificate of Insurance under the same Portfolio, We will only pay the benefit based on the first incepted policy. Subsequent policy will be considered void and We will refund the Premiums paid (less any amounts previously paid to You under the subsequent policy) without interest, less any outstanding amounts owing to Us.

Wondering if it still means it's possible to buy multiple tranches of the fixed plan, since they're all under PET 2? I'm not sure how to interpret that paragraph...