Vocabulary for car owners to understand motor car insurance policies and terms better
The No Claim Discount (NCD) Protector is an extension of your motor car insurance policy. It protects your NCD status – it allows you to make a claim under your policy without losing your NCD (%) status. This benefit is only available to you if your NCD is 50%. (Some insurers allow their clients to [...]
Do you know that your motor insurance also provides you with personal accident benefits? The insurer will pay you a lump sum of money for accidental death or bodily injuries if the accident is in direct connection with your vehicle or while traveling in or mounting/dismounting from your private motor car. Generally the compensation amount [...]
Most (if not all) auto insurers in Singapore issue a renewal notice to car owners. It’s not a legal requirement to do so, but it’s beneficial for vehicle owners. Renewal notices act as reminders that the policy is about to expire. They are usually sent one month before your policy expires. A renewal notice contains [...]