MSIG car insurance became popular years ago while they were still offering their one and only “any-workshop” plan to motorists in Singapore. In recent years, their motor insurance product evolved. Now we are able to choose between the authorized-workshop plan or their any-workshop plan. With this, their product range became as complete as the rest of the car insurers.
MSIG MotorMax car insurance includes the standard third party coverage that is legally required for any vehicle in Singapore. This plan offers unlimited compensation for (3rd party) death and injury. And in case you damage any property, MSIG insurance will pay the owner up to 5 million dollars to fix those damages.
Apart from third party liabilities, MotorMax also covers liabilities such as personal accident and medical expenses.
When accidents happen, people are often injured and may need a sum of money to tide through difficult times. As such, MSIG provides a personal accident (PA) benefit up to $20,000 for you, the insured. This coverage even extends to your passengers or whoever you allow to use your car. Their coverage is up to $10,000 each.
Injuries, however minor they may be, require some medical attention. And such costs are not cheap. Therefore MSIG insurance pays up to $1,000 to cover these expenses. This applies to you, your authorized driver and your passengers.
One of the most important features of your comprehensive motor insurance plan is to protect your car from damages. Under the MotorMax plan, you can send your car to any of MSIG’s authorized workshops for accident repair.
For a list of MSIG authorized workshops, please refer to:
Under the MotorMax plan, there is no Loss of Use Benefit (a.k.a. car replacement nor transport allowance). So while your car is being repaired, you have to find your own transport. Nevertheless you can arrange with the workshop to repair your car during a most convenient period.
For total loss cases, MSIG will pay out the market value of your car at the time of loss. This is pretty standard across all insurers. Some insurers offer to replace a new car if it is totally damaged, provided it is under 1 year old. Needless to say, you have to pay a little more for this. MSIG offers such benefit too, under the MotorMax Plus plan.
As an added service, you may replace your windscreen at the appointed MSIG appointed workshops if it is broken . While there is no reinstatement fee, you will be required to pay $100 + GST for the replacement.
Finally, MSIG has a 24-hour automobile and medical assistance service. Through their hotline, you can ask for help regarding roadside assistance, emergency towing and vehicle repatriation, locksmith referral, et cetera.
On top of this, if you face any trouble while driving your car in Malaysia, you have access to emergency evacuation and repatriation.
With the above features in mind, you will be able to decide whether or not this product suits you. Should you need more features, you can also consider MSIG’s MotorMax Plus car insurance plan. This package will give you a little more benefits as you invest a little more in premium.