21 October 2016 - Media Announcement
Budget Direct Insurance has now opened for business, providing quality car and travel insurance cover at lower prices. Budget Direct Insurance’s direct-to-consumer model allows consumers to make significant savings on their insurance. How? By passing on the benefits of a digitally-driven direct business model – straight to Singapore consumers. Budget Direct Insurance puts customers first to ensure better pricing and better service, simplifying the process to offer an initial quote within 30 seconds and the ability to purchase their policy in approximately 10 minutes.
Budget Direct Insurance is a local start-up and is the trading name of Auto & General Insurance (Singapore) Pte. Limited (AGS). AGS is licensed by the Monetary Authority of Singapore (MAS) and is bound by the regulations and requirements of MAS for insurers. AGS is a subsidiary of BHL Holdings Limited, who are headquartered in the British Isles. BHL Holdings Limited, through its subsidiaries (“BHL Group”), provides insurance solutions for millions of policyholders. The BHL Group has been providing cover and service for more than 35 years and operates multiple brands across four continents.
Budget Direct Insurance is the BHL Group’s first venture in Asia. In addition to its e-commerce platform, Budget Direct Insurance has an office and customer service centre on Clemenceau Avenue at the Singapore Shopping Centre for those who prefer to meet their insurers in person.
For media enquiries please contact: