This type of motor insurance provides coverage only for (1) death or bodily injuries to third parties &/or passengers, and (2) damage to 3rd party’s property. This is quite similar to the Act Liability Only Insurance, just that third-party insurance also covers against damage to property as well as accidents occurring on roads and private [...]
This is a compulsory insurance for all vehicle owners. Under this motor insurance policy, the insurer covers only death and bodily injury to third parties, including the passengers. In other words, this type of motor car insurance doesn’t cover damages to property or vehicle. It also doesn’t cover accidents that occur within private compounds. Vehicle [...]
In the old days (before Sep 1989), insurance premiums were derived using a standard table provided by the General Insurance Association of Singapore (GIA). This table is known as a Motor Tariffs Table. Under this system, factors such as the ones below were used as a basis for computation: - Type of Cover, - Engine [...]