StanChart, Prudential Singapore’s bancassurance partnership hit 25

This is the longest on record in Singapore.

Standard Chartered Bank and Prudential Singapore are celebrating 25 years of bancassurance partnership.

This is the longest on record in Singapore and Asia, the two financial firms said in a press release.

Under the partnership, Standard Chartered customers can sign up for select Prudential Singapore insurance plans via the bank’s website.

There is also a dedicated Prudential Singapore team that provides guidance to the bank’s customers on available insurance options.

The partnership extends to corporate banking. Standard Chartered is the insurer’s main transaction banking partner across Asia.

Prudential Singapore also serves as the medical insurance provider for Standard Chartered’s Singapore employees.

In 2023, the two introduced an investment-linked insurance plan (ILP) version of Standard Chartered’s CIO Signature Funds— PRULink Global Signature CIO Growth Fund, PRULInk Global Signature CIO Balance Fund, and PRULink Global Signature CIO Income Fund.

To celebrate their 25 year partnership, Standard Chartered and Prudential Singapore launched a year-long collaboration with the Ministry of Social and Family Development (MSF)’s Social Service Office at Ang Mo Kio and Yishun. This collaboration is expected to teach up to 500 children from ComLink+ families about money management.