Students and first jobbers: Grow your money faster (up to 1.5%*^ p.a.) and get insured effortlessly with Dash PET - Alvinology

Students and first jobbers: Grow your money faster (up to 1.5%*^ p.a.) and get insured effortlessly with Dash PET

As a student or first jobber, you have just stepped into the world of adulting, and will be eager to save your first pot of gold.

There are many different financial products out there which can be complicated and confusing.

Here is a simple and safe way to save and earn at the same time, with insurance coverage as well. Now, that is killing three birds with one stone, a bona fide #MoneyHack.

Introducing Dash PET, an insurance savings plan from Singtel and Etiqa Insurance. Here are three key features of Dash PET:

Students and first jobbers: Grow your money faster (up to 1.5%*^ p.a.) and get insured effortlessly with Dash PET - Alvinology

1. Your capital is guaranteed

You will not make any losses. You are guaranteed to get the amount you put into Dash PET back.

No need to worry about market fluctuations due to global developments such as the ongoing Ukraine crisis. Sleep peacefully knowing that your money is safe.

Dash PET is protected by the Singapore Deposit Insurance Corporation (SDIC).

2. You earn higher interest rates

Dash PET provides 1.5%*^ p.a. up to your first $10,000. This is better, astronomically better, than the typical 0.05% p.a. or less you might be getting from saving your money with the ”usual suspects”.

Say you decide to milk the most out of this 1.5%*^ p.a. interest rate that is currently the best in the market, and put in a full $$10,000 – after a year (assuming you keep the balance consistent), you would have gained $150, which is a lot of money for doing nothing at all.

So, how to get 1.5%*^ p.a. with Dash PET?

Okay while it feels like doing nothing, technically, you do have to do something – i.e., activate the free protection – to enjoy 1.5%*^ p.a. Remember that Dash PET is an insurance savings plan? This is where the insurance part comes in.

If you choose not to activate the free protection, you’ll get 1.3%* p.a. for your first $10,000, which is actually already VERY attractive for a guaranteed capital product with no lock-in period.

But, there is really no reason not to activate the free protection when it’s free and gives you extra 0.2%^ p.a. returns. Activating the rider is easy to do within the Dash app, and you get solid and good benefits in return:

3. Free COVID-19 coverage (for as long as your account is active) and up to S$50,000^ free life protection (for your first Dash PET policy year)

Dash PET offers free COVID-19 coverage (including vaccine side effects) for as long as you keep your Dash PET account active (defined by having a minimum balance of $50). This COVID-19 coverage is granted automatically once you sign up for Dash PET, there is no extra action needed from you.

In addition, Dash PET offers free first-year insurance coverage up to 5X of account value (cap at S$50,000) for Death & Total and Permanent Disability, or Accidental Death (if user is not eligible for the former). To get this free protection, just activate the free protection, which is easily done within the Dash app.

Get additional coverage

Meanwhile, if you want additional insurance coverage, you can consider topping-up for protection against Major Cancer, Accidental Death, Death & Total and Permanent Disability for coverage of up to $100,000 per plan.

For each plan you add on, you will earn additional interest of up to 0.25%# p.a. on your first $10,000 savings. Bonus returns are stackable, i.e. you can get up to 0.75%# p.a. returns on top of your Dash PET crediting rates by activating the 3 payable add-on protection. This can add up to a total of 2.25%*^# p.a. for your first $10,000 savings.  

The premium for each plan can be as low as 2 cents a day (based on theprofile of a 17-year-old female non-smoker). Your exact profile will be generated after you fill in questions on your basic information and lifestyle within the Dash app.

Newly launched – Dash PET Plus Investment-Linked Plan (ILP)

In addition to the base Dash PET plan which lets you save and earn together with other add-on protection plan, Dash PET Plus is freshly launched for those who are seeking potentially higher returns beyond saving with Dash PET.

The underlying funds within the ILP are managed by UOB Asset Management (UOBAM) to aim for stable, long term returns that may potentially beat the base plan rates. You also get to choose between reinvesting your dividends or cashing it out (to your Dash PET account).

You may consider it as an option to diversify and grow your money while still holding on to the capital guaranteed Dash PET monies. Do note that this is still considered an investment, and your capital and returns are not guaranteed. There is also death benefit and Terminal Illness, where the maximum aggregate payable for Terminal Illness is S$5 million per life insured for all policies and riders issued by Etiqa.

Get more info at

Why Dash PET is suitable for Students and first jobbers (and actually anyone who wants to grow money)

Just start with $50

You can open a Dash PET account with just $50. Great for those who may not have large sums at the ready. The maximum you can top-up in Dash PET is S$30,000.

There is also no fall-below penalty to worry about, or any other spending criteria to meet.

Best** interest rates, 100% flexibility

You enjoy the generous 1.5%*^ p.a. or 1.3%* p.a. (if you do not activate the rider) for any amount you put in starting from the minimum S$50 to S$10,000. Unlike other financial products which require you to lock-in your money for a certain period of time in order to enjoy such competitive interest rates, Dash PET allows you to withdraw your money anytime with no penalty, giving you 100% flexibility.

Any amount you save above the first S$10,000 gets 0.3%* p.a.

Option to earn potentially higher returns with ILP

The new ILP rider, Dash PET Plus, offers more ways to diversify and grow your wealth by investing in funds managed by UOBAM. Whilst it’s not capital guaranteed, it offers the same flexibility to top up and withdraw anytime, and even lets you choose to cash out your dividend earnings or reinvest them.

How to sign up for Dash PET

Signing up for Dash PET is super easy.  Download the Singtel Dash app if you don’t already have it, click on ‘Grow Money’ tile, and fill up the application form.

Students and first jobbers: Grow your money faster (up to 1.5%*^ p.a.) and get insured effortlessly with Dash PET - Alvinology

Next, activate the account by transferring a minimum of S$50 into it. You can do it via Dash Wallet, PayNow, or Internet banking (eNets).

The whole process is seamless and I completed it in mere minutes in bed and PJs. I liked that I did not need to meet with anyone and worry about facing any hard-selling.

If you would like further clarifications, help is just a WhatsApp away for both Dash and Etiqa customer care.

Earn cashback and bonus units
From now till 30 September 2022, sign up and save with Dash PET and get up to S$10!
·       Save S$1,000 to S$2,999: S$1 in Dash credit
·       Save S$3,000 to S$4,999: S$5 in Dash credit
·       Save S$5,000 & more: S$10 in Dash credit
For those of you who also sign up for Dash PET Plus, here’s what you stand to get when you make your first premium payment:
·       S$1,000 – S$4,999 premium: S$20 in Dash credit
·       S$5,000 – S$99,999 premium: S$40 in Dash credit PLUS additional 1% bonus units into Dash PET Plus account

Wealth-planning is a long-term journey, and this insurance-savings plan is a good way to get started or to add on to other financial products you may already have- diversification is always a good strategy.

In fact, Dash PET is not just suitable for students and first jobbers, but anyone who is looking for a safe place with higher returns to park some cash.

Know someone who would benefit from higher interest rates on their savings and get free insurance coverage at the same time? Share this article with them!


* For the first policy year, 1.30% p.a. up to S$10,000 and 0.30% p.a. for subsequent amount in Account Value. Crediting rates are non-guaranteed.

^ Additional 0.2% p.a. to the existing 1.3% p.a. returns for your first S$10,000 Dash PET savings during the first policy year while the complimentary protection is active. Complimentary protection sum assured is based on up to 5X of the first S$10,000 of your Dash PET Account Value. Complimentary Accidental Death coverage will be offered for the same sum duration if you are not eligible for this add-on protection. Sum assured will be based on your age and occupation.

# Additional interests of up to 0.25% p.a. from each activated payable add-on protection applies to the first S$10,000 account value of the active Dash PET policy.

** Based on comparison with similar digital insurance savings plans available for subscription. Information accurate as at 9 September 2021. This comparison does not include information on all similar products. Etiqa Insurance does not guarantee that all aspects of the products have been illustrated. You may wish to conduct your own comparison for products that are listed in

These policies are underwritten by Etiqa Insurance Pte. Ltd. (Company Reg. No. 201331905K).

Dash PET is not a bank account or a fixed deposit. It is an insurance savings plan that earns a crediting interest rate.

Dash PET Plus is an Investment-linked Plan (ILP) which invest in ILP sub-fund(s). Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The performance of the ILP sub-fund(s) is not guaranteed and the value of the units in the ILP sub-fund(s) and the income accruing to the units, if any, may fall or rise. Past performance is not necessarily indicative of the future performance of the ILP sub-fund(s).

A product summary and product highlights sheet(s) relating to the ILP sub-fund(s) are available and may be obtained from us via A potential investor should read the product summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP sub-fund(s).

This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract.

Protected up to specified limits by SDIC.

As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.

SingCash Pte. Ltd. (Dash) is the master policyholder of Dash PET.

This advertisement has not been reviewed by the Monetary Authority of Singapore. Information is accurate as at 22 April 2022.

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