June 13, 2012

Aetna granted Singapore insurance license.

Aetna (NYSE: AET), a leading global diversified health care benefits company, announced today that it has received a license to begin selling health insurance in Singapore. Aetna is now marketing health policies for groups and individuals in Singapore.

“We’re very pleased to offer our insurance products in Singapore,” said Derek Goldberg, Aetna International’s managing director for Southeast Asia. “Singapore is a very attractive market for Aetna. It has a vibrant, growing economy and a large number of expatriates and local residents who may need global or regional health care coverage.

Upon receiving the license, Aetna introduced its flagship International Healthcare Plan (IHP) to the Singapore market. IHP provides comprehensive health benefits aimed primarily at customers who travel extensively or live outside of their country of origin. In addition, a new Aetna benefits product, Aetna Healthy Aessentials, made its debut in Singapore ahead of a planned worldwide roll-out. The new health plan is targeted to customers who require regional coverage, and fills a market gap between existing local plans and high-end global plans like IHP.

Source: Yahoo Finance

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