Let’s find out about a few features that Chartis car insurance has done far better than the competition.

1.    Chartis car insurance policy takes the rest of your family into consideration

Some families have two or more drivers who share a single car. For most other motor insurance policies, you have to add them as named drivers into the policy document. This can cost a little money, especially when you want to add a third named driver.

Nevertheless for Chartis Insurance, authorized drivers are automatically considered named drivers. This means anyone whom you authorize to drive the car will share the same excess as you.

However, if the authorised driver is an elderly, young, or inexperienced driver, an additional excess of $3,000 will be imposed. This is not a strange thing, really, because all other insurers impose this rule.

(Elderly drivers are defined as people above the age of 65, while young and/or inexperienced drivers are those under 23 years old and/or have less than 2 years driving experience.)

2.    They have excellent towing service

Chartis Insurance exceeds the industry standard by offering a free towing service for your vehicle even for mechanical breakdown. For other insurers, you can only expect them to use their tow truck when you meet with a car accident.

3.    You can use their courtesy car so it becomes easy to get around

While the car is being repaired, Chartis Insurance will provide you with a courtesy car. In many cases the courtesy car can be delivered to where you are. For most other insurers, you have to travel to where the car is, which is rather inconvenient without a form of transport. (You may use this car for up to 10 days.)

4.    You can bring your car to the distributor workshop for accident repair

If your car is still under the 3-year warranty, you can take it back to the distributor workshop for accident repairs. This is especially useful if you are driving a European model that has very few spare parts available in the market. By going to the distributor workshop for repair, spare parts may be more available and the warranty can often be longer.

However if your car is parallel imported and is still under the warranty, you will need to take it to any Chartis authorized workshop for repair.

5.    You can pay for your car insurance in almost any way you please

As a leading insurer in Singapore and the world, Chartis accepts various forms of payment. You can pay using cash, cheque or credit card. If you are thinking of paying via a 12-month (or 6-month) installment, it is also possible through any DBS, POSB or UOB credit card.

Certainly, there are other benefits that Chartis car insurance offers. The above few points are those that Chartis has done better than the rest of the insurers.

Thus if these benefits are really important to you and the premium is not much higher than the other insurers, you should seriously consider signing up for a coverage with them.

After all, you can rely on this insurer like many others do. Chartis Insurance caters to more than 70 million clients from across the globe, making it one of the leaders in the insurance business. This company offers a wide range of products and services, and its financial strength makes the rest of the insurers pale in comparison.

In Asia-Pacific, Chartis Insurance goes beyond what is mandated by local regulators when it comes to assets and cash reserves. This certainly speaks of their stability and strong commitment towards their customers.

If you want to find out the price of Chartis car insurance for your vehicle, check it out at www.MotorInsuranceSingapore.com

Friends Who Read the Above Article Also Read:

1. Should You Insure Your Car With AXA Car Insurance or Chartis Car Insurance?
2. Protecting Your Car With Chartis AutoPlan Car Insurance
3. AXA Car Insurance Plans To Insure Your Car With
4. NTUC Car Insurance – Scope of Coverage For Your Vehicle (Own Damage and Loss )
5. Chatis – AIG (AutoPlus) – Summary of Main Benefits – Authorised Workshop

In Singapore, owning a car is an option but having it insured is a requirement. With this in mind, you might as well get a good car insurance that can cater to all your protection needs. SHC car insurance may just be such an option, for all you know.

That being said, let us take a closer look at SHC Capital’s car insurance product, which aims to provide customers with the protection that they need and deserve.

Let’s talk about Workshop…

A workshop is the place where you take your car in case it needs accident repair or spares replacement. SHC’s car insurance plan provides policyholders with two options: the first option is that they can take the car to any workshop of their choice for an additional excess of $300 above the agreed excess. The second option is to take the car to the distributor’s workshop if it is still under warranty. No additional excess will be imposed if the policyholder takes the car to a distributor’s workshop.

Certainly, clients can take the car to an SHC authorized workshop if they desire to do so.

Next, let’s look into windscreen protection…

Windscreen is probably the most replaced part of a car. Gravel coming from the tires of other cars, which hits your windscreen, will cause visible scratches to appear. These scratches will have an effect on the visibility. And if the windscreen breaks, a replacement is required. With SHC’s car insurance, you get 2 reinstatements. The first claim will cost $100 plus 7% GST, and the second replacement will cost $150 plus 7% GST.

Then comes towing…

In the event a driver needs towing service, SHC would be more than happy to provide it. SHC’s towing service is limited to $300, which is more than sufficient for the majority of situations.

Accidents are unfortunate, yet they occur. You never know when it will happen, no matter how careful you are. As a result of accident, injuries may sometimes happen. Under SHC car insurance’s personal accident benefit, you’ll be able to claim up to $20,000 for sustained injuries. This feature only applies to the insured though.

In case your car is involved in an accident while it’s being driven by someone who is under 25 years old, there will be an excess of $2,500 imposed (on top of the original policy excess). This is regardless of whether the authorized driver is named or not.

If an unnamed driver who uses your car gets into an accident, an excess of $500 is required.

When adding named drivers under SHC’s car insurance, bear in mind that the first named driver is free, subject to age and driving experience. So this is a good chance for you to add your spouse or someone who may use the car frequently.

You’ll need to insure your car to adhere to the Road Traffic Act anyway. So why not get a good car insurance. If you are ready to sign-up for an SHC car insurance, take note that only cash or cheque is accepted.

Friends Who Read the Above Article Also Read:

1. Advantages Of Getting An Etiqa Car Insurance Plan
2. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
3. Insuring Your Car With MSIG MotorMax Car Insurance
4. Benefits Of Signing Up With EQ Car Insurance Classic Plan
5. A Closer Look at Tenet Car Insurance – Exploring The Excel Drive Gold Plan

Nevertheless it may still be worth looking at what Tenet Insurance offers for their vehicle protection package. Here, we’ll touch specifically on the Excel Drive Gold Plan.

First and foremost, Tenet Insurance covers the standard mandatory third party coverage. What this means is Tenet Insurance will pay for your legal liability in case you cause death, injury or vehicle/property damage to any Third Party during the course of an accident.

Since the Excel Drive Gold Plan is a comprehensive package, it also provides cover for any loss or damage to your vehicle by fire and/or theft. On top of this, there is a repertoire of own damage benefits which we will cover in detail below.

Windscreen Protection

A car’s windscreen should be well taken care of. But no matter how much we take care of it, visible scratches or cracks would surface at times. These cracks or scratches may develop into serious fractures that break your windscreen. Therefore a replacement is called for. Windscreen replacement is not cheap as others might think. However, under Tenet’s Excel Drive Gold Plan, be rest assured your windscreen replacement will be a breeze. You are entitled to a maximum of 2 windscreen replacements within the policy period.

Personal Accident Coverage

Road accidents are somewhat inevitable at times. It is a good thing Tenet Insurance provides their customers with a personal accident coverage amounting to $20,000. For named drivers, they can claims up to $10,000. Medical reimbursement will also be given if it’s needed. $300 each will be provided to both the insured and the passenger.

Towing Service

In case the accident renders your vehicle unusable, Tenet Insurance will also provide free towing assistance to get your car back to the authorized workshop for repair. All you need to do is contact any customer service officer through their 24-hour hotline. She will advise you on what to do and where is the nearest workshop you can go to. And to wrap things up, she can also help to get a tow truck to where you are.

Own Damage Excess

Just like motor insurance plans from other insurers, Tenet’s Excel Drive Gold Plan has its own provision as far as authorised driver excess is concerned. We can better understand how it works by looking at the table below.

NOTE: The excess stated in the table is paid on top of the own damage excess.

A young driver is defined as someone under the age of 25. An inexperienced driver is someone with less than 2 years driving experience. And an elderly driver is defined as someone who is over 70 years old.

Warranty for Repairs

Under this package, you have to send your vehicle to any Tenet authorized workshop for repair. You can enjoy a limited period warranty for the workmanship and spare parts used.

No Claim Discount Protection

If you have an NCD (no claim discount) of 30% and above, you will be given a free NCD protection free-of-charge. With this complementary extension, you can maintain your NCD level even if you meet with an accident and has to make a claim.

There are other extensions you can include into your main car insurance policy with Tenet Insurance. An example of which is the Loss of Use Benefit (for up to 14 days). However additional premium is required.

Payment Options

If you want to sign up for Tenet’s Excel Drive Gold, then you can pay for your policy using cash, cheque or credit card.

Tenet Insurance has been providing protection to car owners in Singapore since 1957. Sompo Japan Insurance Inc. has bought over the business in May 2010. Even though the company has changed hands, the features and benefits of Tenet car insurance remains.

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For starters, Tokio Marine Insurance protects you against any liabilities involving any third party vehicle damage, property damage or bodily injuries. Compensation is also made in case death occurs. This array of coverage is known as third party car insurance, which is mandatory for all car owners in Singapore.

On top of this, you are entitled to other benefits under Tokio Marine’s comprehensive car insurance plan.

Let’s first take a look at windscreen insurance. Windscreen is an important part of the car. The windscreen lets the driver properly see what is in front of him. In as much as we want the windscreen to last forever, it won’t because it suffers wear and tear. However, if you sign up for Tokio Marine’s Car Insurance, windscreen replacement is something you don’t have to worry about.

Tokio Marine provides unlimited windscreen coverage. All you are required to do is bring your car to any Tokio Marine authorized workshop for replacement. (In the event your car is still covered under the standard 3-year warranty, you still need to bring it to the authorized workshop instead of the distributor workshop.)

Other than windscreen insurance, personal accident coverage is one other benefit Tokio marine provides.

Accidents are events that cannot be avoided especially if a person lacks driving experience. The good news is that if you go for Tokio Marine’s Car Insurance, they will provide $50,000 for personal accident coverage. The compensation, however, only applies to the policyholder and the named driver(s).

Apart from personal injuries, there may be times when accidents can render your car immobile. Sometimes it would just fail to start or it might be wrecked so badly you can’t drive it anymore. Just like other car insurance companies, Tokio Marine provides a 24-hour towing service to policyholders. However, keep in mind this particular road assistance is only offered to accident-related breakdowns.

One of the best reasons why you should sign up for Tokio Marine’s Car Insurance is that they provide medical reimbursement of up to $1,000 each. Injuries, however minor they may be, require some medical attention. And such costs are not cheap. The medical reimbursement is applicable to the insured, authorized driver and passenger.

With Tokio Marine Insurance you have the option to take your car to the nearest authorized workshop or a workshop of your choice. The only difference between these 2 options is the price. If you take your car to a workshop of your choice, the premium you have to pay is going to be a bit higher.

Tokio Marine imposes an additional excess of $3,500 (on top of the prescribed excess) in case the car is driven by someone (an authorized driver) other than the policyholder or named driver(s), whose driving experience is less than 2 years.

Unnamed drivers are required to pay an excess of $500, provided they are more than 26 years old and has more than 2 years driving experience.

At the moment, you cannot pay for Tokio Marine’s Car Insurance plan by installment. You must make full payment using cash, cheque or credit card.

Tokio Marine Insurance has been in the insurance business for more than 130 years. It is one of the biggest not to mention oldest non-life insurance company in Japan. The company specializes in a variety of businesses ranging from domestic, life & non-life insurance, financial and other general insurance.

This speaks of Tokio Marine’s stability as an insurer that can provide you the best support when you need it.

With the above features in mind, you will be able to make your mind up whether or not Tokio Marine car insurance suit your needs.

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As you go through each benefit, think about what is important to you:

Windscreen Coverage

If you have been driving for a couple of years you should know that your windscreen, just like any part of your car, suffers wear and tear. It weakens over the course of time and naturally results in damage, even breakage.

With Etiqa’s Car Insurance Plan you need not worry about your windscreen. In case it needs replacing, all you have to do is fix it at any Etiqa authorized shop. You have to pay $0 excess and a reinstatement fee of $40 plus GST.

Personal Accident (PA) for Insured / Passengers

Now, you are going to feel more at ease while driving with your family. Under Etiqa’s Car Insurance personal accident benefit, you and your passengers are eligible to get up to $20,000 in the event you get into some sort of mishap. This is a huge relief for you as a policyholder. Both you and your passengers are automatically covered by this benefit as you sign up for their plan.

Workshop

When it comes to workshops, Etiqa Insurance gives their customers a choice. Policyholders have the option of going to an authorized workshop or any workshop of their choice. You only have to decide which suits you best and sign up under an appropriate product. At least when it comes to the choice of workshop, customers are not restricted.

Excess for Young / Inexperienced driver / Unnamed driver

This bit right here is a little tricky; you need to take some time to understand this portion.

For Etiqa’s Car Insurance Plan, an additional excess totaling to $2,000 will be imposed if the insured’s car was driven by an authorized person (aside from the policyholder and named driver), who is under 22 years of age and has less than 2 years driving experience.

Let me just clarify that the additional excess of $2,000 is paid on top of the policy excess.

For example, your policy excess is $500, and an authorized driver under the age of 22 with less than 2 years driving experience wrecked your car; you will have to pay the policy excess of $500 plus the additional excess of $2,000, which makes the grand total to $2,500.

Installment Plan

At this moment, Etiqa’s Car Insurance Policy is not payable by installment.

Payment Method

If you are interested to sign up with Etiqa’s car Insurance Plan, then you need to pay using cash or cheque. Credit card payment is not accepted as of yet, so make sure your cash or cheque is ready upon signing up. Nevertheless Etiqa has plans to extend their credit card facility for your payment convenience. So you can expect some changes in due time.

Named Drivers

As with other car insurance policies, you are free to add named drivers to your plan…with applicable charges.

The first named driver that you add to your policy is free of charge (subject to age and driving experience); however, the second and succeeding names will be chargeable at $20 + GST.

A Reliable Insurance Company

Etiqa Insurance is a proud affiliate of the prestigious Maybank Group and it is a entirely owned subsidiary of Mayban Ageas, which was formerly known as Mayban Fortis. The Maybank Group, which is a top provider of financial services, made sure that Etiqa Insurance is one of the leading non-life insurance providers in the market today.

Etiqa Insurance Singapore has a solid reputation in the financial sector. Their one and only goal is to provide its customers with excellent quality services.

For this reason, if you sign up for an Etiqa car insurance policy, you can be confident they will be there to assist you if you ever need to make a motor insurance claim.

Note: Etiqa car insurance was formerly known as Mayban Car Insurance (or commonly known as Maybank Car Insurance).

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As with other insurance companies out there, EQ Insurance offers coverage for both individuals and enterprises. In this article, we will focus on Personal Coverage, which was designed to safeguard you and your family.

More specifically, we’ll touch on the motor insurance classic plan EQ insurance offers. So, if you are planning on signing-up for car insurance read on and find out what this plan can do for you.

Windscreen Coverage

Most comprehensive policies cover the cost of a replacement windscreen. Damage to your car’s windscreen cannot be helped as specks of gravel dislodged from tires of trucks in front of you trigger it. Over time this natural process can weaken the car’s windscreen and eventually break it.

With EQ Insurance’s windscreen coverage you can have it replaced by simply visiting an authorized workshop. Under the Classic Plan you will be able to limit your windscreen excess at $100 + GST. Reinstatement of cover is free.

Personal Accident (PA) for Insured/Passengers

As for personal accident, with EQ Insurance’s Classic Plan, you are insured up to S$ 50,000.

Towing

This service can be seen with most car insurance policies and EQ Insurance is no different from the rest. As a policyholder, you are entitled to free towing service of up to $500.

Medical Reimbursement

Another important part of motor insurance is the medical reimbursement. As a policyholder of EQ Insurance Classic Plan, this is something that you do not have to worry about. For both the insured and the passenger, a medical reimbursement of up to $300 will be provided if the need arises.

Excess Structure

Excess is a standard feature of every insurance policy. The average excess clients have to pay range from $600 to $800. For EQ Insurance, their standard excess is within this range if your car is of a typical make and model.

Under any EQ car insurance plan, there will be an additional excess imposed for unnamed drivers or young, elderly and inexperienced drivers.

Let us discuss how additional excess is applied for unnamed drivers. With the Classic Plan, policyholders have to pay twice the policy excess. Say for example, the insured pays $750. The unnamed driver thus needs to pay twice that amount, which is $1,500.

(All unnamed drivers should be older than 26 years old and younger than 70 years old and with more than 2 years driving experience.)

For drivers who are younger than 26 years old or older than 70 or with less than 2 years driving experience, there will be an additional $3,000 above the unnamed driver excess.

Adding Named Drivers

In some cases, there may be multiple drivers for a single car. Remember that with EQ Insurance the first named driver is for free however it is still subjected to the driver’s age and experience.

Adding named drivers (second and third) to the classic plan would mean an additional $50 + GST.

Installment Plan

Many car owners have a budget plan for their money. As such, you may want to look into EQ car insurance seriously if you are thinking of paying by installments. You can sign up using their 6-month or 12-month installment plan via either UOB or Citibank credit cards.

Payment Method

To date, interested parties who would like to sign up for EQ car insurance policies can pay using either: cash, check and credit card.

If you are a UOB card holder, you may take advantage of their 5% UOB Smart Dollar Rebate. Do take note, however, that this is applicable only for Single Premium payments, not installment.

Excluded Models

Like every other insurance companies, there are certain make and models that EQ insurance will not insure. This generally includes high end models, sport models and high performance vehicles.

Availability

EQ Insurance only accepts car insurance applications coming from local Singaporeans and Singapore permanent residents (PR) only.

With the above benefits, you will surely be able to enjoy a complete peace of mind while you are driving to work or just cruising along with your family.

If you want to see how EQ car insurance measures up to the rest of the insurance companies (in terms of price and features), click on www.motorinsurancesingapore.com and request for quotes now.

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Here are some points that highlight the difference between AXA car insurance and Chartis car insurance. As you go through each point, decide whether it is really important for you. Then you can have an idea which insurer suits you best.

Windscreen Coverage

Quite often, specks of gravel can be dislodged from tyres of trucks in front of you. And as they hit your windscreen surface at great speed, the very top layer of the glass surface may weaken at the point of impact. Given time, internal fracture of the glass can happen. Eventually this can result in windscreen breakage.

With windscreen coverage, you can replace the damaged glass simply by visiting any AXA or Chartis appointed workshops. For Chartis, an excess of $100 + GST is required. For AXA, the excess is $0 and you can enjoy free reinstatement of coverage.

Loss of Use Benefit

In Singapore, cars are expensive and many families own only 1 car. In case your vehicle needs to be in the workshop for accident repair, transportation can become quite a problem for everybody.

For Chartis, a courtesy car is provided to ease this inconvenience. You have a maximum of 10 days to enjoy this benefit. For AXA, they give you a cash allowance of $50 per day. Thus you can have the flexibility to arrange for your preferred type of transportation. Nevertheless your vehicle needs to be in the workshop for at least 4 days and the maximum payout is $250.

Personal Accident Benefit

Personal accident benefit is now pretty much a standard coverage for any comprehensive car insurance policies. For Chartis, the payout is $50,000 for the insured and $10,000 for the passengers. Under AXA, the compensation is $30,000 for the insured only. And if you want to extend this benefit to your passengers, additional premium is required.

Towing Service

Towing service is a necessity. Sometimes vehicles become unsafe for operation after an accident. Under both AXA insurance and Chartis insurance, towing is free of charge. All you have to do is call up the accident hotline and get the officer-in-charge to arrange for you.

Medical Reimbursement Benefit

Even though medical reimbursement benefits may be small under any type of car insurance policies, they are certainly useful. If you have tons of accident-related bills to pay, you’ll be very thankful someone is paying for the medical related expenses. For Chartis, you can claim up to $300 for you & your passengers. With AXA, the maximum payout is $500 for you & your passengers.

Waiver of Excess

Having a waiver of excess benefit is like icing on the cake. In case you need to make a claim, the upfront amount you have to pay is reduced. Under Chartis, this benefit only applies when you carry out your repair at any of their authorized workshops. If you are a 50% NCD holder, your excess can be waived by $600. Otherwise your excess is reduced by $300.

For AXA, your basic excess is waived off totally as long as you are a 50% NCD holder. Otherwise half of your excess can be waived.

Distributor Workshop Benefit

If your car is still under the 3-year warranty, this may be something you want to pay attention to. Under Chartis, you are allowed to bring your vehicle back to any of the distributor workshops if your car is still under the 3-year warranty. (* This does not apply for parallel imported cars.)

With AXA, you have to visit any of their authorised workshops for accident repair. If you want to go back to your distributor workshop, then you may have to upgrade your policy to an any-workshop plan.

Payment

This is a small yet important detail. Chartis accepts cash, cheque and credit card. Installment payment is also accepted if you have a credit card with DBS, POSB or UOB. For AXA, you can likewise pay by cash, cheque or credit card. And their installment plan is similar – for DBS, POSB or UOB credit card holders only.

Adding Named Driver

You do not have to add your named drivers under Chartis. This is because authorised drivers are automatically considered named drivers. And they enjoy the same excess as you. If you want to add a named driver into your AXA car insurance policy, you may be required to pay additional premium.

Third Party Compensation

The above points list the benefits that you as the insured as enjoy. However there is also another aspect of motor insurance – to protect you from third party liabilities as a result of damage to other people’s vehicles or property, bodily injury or even death. Both AXA car insurance and Chartis car insurance cover these aspects. Moreover it is a legal requirement for any car owner in Singapore to have at least such insurance coverage.

Other Differences

AXA launched an MPV scheme that rewards MPV owners with additional discount. Likewise for off-peak car (OPC) owners, they can enjoy a special discounted rate. As for Chartis, you can customize your insurance policy a little by imposing an age condition. This can help to reduce the premium a little.

Reputation & Service Standard

AXA insurance and Chartis insurance are 2 of the largest insurers in Singapore. Their reputation and reliability are top-notch. Also, if you want to get anything done, their customer service is often helpful enough to guide you. Yet due to their size, you may find it a little difficult to get through their customer service hotlines during peak hours. Thus it is often easier to go through your car insurance specialist if you need any help.

And as far as their accident hotline is concerned, it is easy to get through and the person on duty is trained to lead you to the nearest reporting center and a relevant workshop.

With the above comparison between AXA car insurance and Chartis car insurance in mind, hopefully you have a clue as to which insurer you want to go for by now.

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To start off, let’s take a look at what the benefits are…

Choice of Workshop

Under AXA’s premium workshop car insurance scheme, you have an array of workshops to visit for accident repairs. AXA insurance has qualified these workshops to ensure quality. Also, these workshops have to make sure repair estimates are accurate and repair costs are truthfully reported.

This means your insurance claim will not be inflated beyond what is required to restore your car to its original state. As such, your renewal premium with AXA will be kept at a minimum.

Warranty for Repairs

After any sort of repairs, car owners are usually quite worried about the durability of the spare parts used. With AXA insurance, you can enjoy a 9-month warranty on the repairs carried out by any of the AXA premium workshops.

The mechanics will ensure proper automobile parts are used. Nevertheless it is a good habit for you to emphasize to them that you want them to use only original parts.

Loss of Use Benefit

It can be quite inconvenient to be without your vehicle while your car is being repaired. Thus AXA pay you transport allowance of $50 per day to facilitate your daily commute. Yet the repair must take at least 4 days before you can claim under this benefit.

Waiver of Excess

If you have 50% NCD, your original excess will be fully waived. This means you do not have to spend a single cent for your car to get repaired. And if your NCD is below 50%, half of your excess will be waived off. In the end, the amount you have to pay is meager. For AXA insurance, the excess is usually lower than other insurers. And with this benefit, there is no reason to worry too much about excess anymore.

Repatriation of Vehicle

Sometimes you may need to use your car outside Singapore. You may end up in huge inconvenience in case you get into any sort of accident. Therefore AXA will arrange a suitable transport for you (and your passengers) to return to Singapore. On top of this, AXA will arrange someone to tow your car back to Singapore for repair.

Nevertheless there is a condition to this benefit. Your car must be immobilized for more than 48 hours following an accident or a breakdown. Also, there is a cap of $200 per person and $1,000 for the vehicle to be sent back to Singapore.

Coverage of Personal Effects

In case any personal effects are damaged as a result of an accident or robbery, AXA insurance will repair or replace these items. Or AXA may choose to compensate in cash according to whatever was damaged. Nevertheless some items are not covered. And the total payout for this benefit is capped at $3,000. For more details please refer to an AXA car insurance policy wording.

Young and Inexperienced Driver Excess

Other than yourself, there may be someone else using your car on a regular basis. And they may fall under the Young and Inexperienced Driver category. The standard excess they will have to pay is $5,000. Under this AXA car insurance plan, their excess is reduced to $2,500.

Personal Accident Benefit

The personal accident benefit of any car insurance policy is not as comprehensive as a standalone personal accident insurance. However what you get is by no means shallow. Here is a summary of what you can expect:

Death:  $30,000
Loss of Sight in One Eye – $10,000
Loss of Sight in Both Eyes – $30,000
Loss of Both Hands: $30,000
Loss of One Hand: $10,000
Both Feet: $30,000
One Foot: $10,000
Loss of One Hand and One Foot: $30,000
Loss of Sight and Severance of Hand/Foot: $30,000

Other than the above benefits, the standard mandatory insurance for third party compensation is covered. If you want to include optional benefits like Voluntary Excess, NCD protection, insurance for car accessories, et cetera, your car insurance premium may be adjusted.

This type of AXA car insurance (premium workshop plan) is ideal for car owners whose vehicles are more than 3 years old. So if your car is still under the manufacturer’s 3-year warranty, it will be good for you to get an Any Workshop plan so you have a choice to visit the distributor workshop for any accident repair.

Otherwise this car insurance plan is good for anyone who requires quality and assurance from one of the most reputable insurers in Singapore.

Friends Who Read the Above Article Also Read:

1. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
2. Benefits Of Signing Up With EQ Car Insurance Classic Plan
3. Advantages Of Getting An Etiqa Car Insurance Plan
4. Protecting Your Car With Chartis AutoPlan Car Insurance
5. Chatis – AIG (AutoPlus) – Summary of Main Benefits – Authorised Workshop

Like most other insurers, AXA insurance offers 3 types of car insurance policy – Comprehensive coverage, Third Party Fire & Theft as well as Third Party Only insurance.

Among these, comprehensive coverage is the most well-liked. This is because apart from the standard legal liability (Third Party Only) coverage, AXA insurance also pays for accidental damages to your car.

For Third Party Only (TPO) insurance, AXA compensates for the death or bodily injury to others. Also any loss or damage to other people’s property will be compensated. On top of this, if you require a lawyer to fend for you, your legal costs and expenses may be taken care of.

AXA’s Third Party Fire & Theft (TPFT) covers a little more than this. Adding onto the Third Party Only scope of coverage, AXA will pay you the market value of your vehicle in case you lose your vehicle accidentally or it gets destroyed by fire. Also, if it is stolen, AXA insurance will write you a cheque for the value of your vehicle.

As an added bonus, AXA can also replace your vehicle accessories and spare parts. And in case you need towing service, AXA insurance will cover this as well. However these are on the condition that the loss is due to fire or theft.

AXA Comprehensive Car Insurance is one of the most popular motor insurance plans in Singapore. It covers a comprehensive array of benefits that car owners need. In summary, here is what AXA insurance offers to car owners who are considering an authorized workshop package:

Own Damage

-    Repair or replacement of any part of your car or its accessories
-    Free towing of vehicle to an authorized workshop for accident repair
-    Compensation at full market value if car is destroyed or is beyond economical repair
-    Free windscreen coverage with zero-dollar excess and free unlimited reinstatement
-    AXA pays you $50 per day when your car being repaired beyond 4 days, up to a maximum or $250 per accident

Third Party

-    AXA pays off your liabilities for death or bodily injuries to other people
-    AXA compensates for any property damages resulting from a car accident
-    Covers any legal costs necessary to defend your case

Personal Accident and Medical Expenses

-    AXA insurance pays up to $30,000 under its personal accident coverage for the insured. This benefit (of up to $20,000 each) can be extended to your passengers at an additional premium of $30 + GST
-    For medical reimbursement, AXA insurance pays up to $500f or both you and your passengers

Other than these benefits, you can also sign up for an NCD protector for an extra 10% premium. This option is only available to 50% NCD holders and it can help keep your NCD at this level even after an accident claim.

AXA pays out the insurance benefits even for incidents like flood, hurricanes, volcanic, earthquake, typhoon, and other acts of nature. On top of these, strike, riot and civil commotion are also covered.

In addition, AXA also waives off the excess (for you and your named drivers) up to a certain limit. If you are a 50% NCD holder, your basic excess will be totally waived off. If your NCD is 40% or below, the excess is waived off by half. Also, this waiver is not just limited to the first claim. As often as you need to make claims, this waiver of excess benefit remains.

Like other major car insurers, AXA insurance accepts many forms of payments such as Cash, Cheque or Credit Card. A 6-month or 12-month installment is also available for DBS, POSB, OCBC or UOB cardholders.

Being an international insurance company, AXA may consider your overseas NCD if you present a written confirmation from your previous (overseas) insurer.

If you want to sign up for an AXA car insurance policy that allows you to go to any workshop for repair, the premium is estimated to be about 15% more.

With the above in mind, you can decide if AXA car insurance is right for you.

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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:
http://www.gia.org.sg/pdfs/Industry/Motor/ARCs/MSIG%20Insurance.pdf

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.

Friends Who Read the Above Article Also Read:

1. Types of MSIG Car Insurance Coverage
2. OAC Car Insurance – Insuring Your Vehicle With Overseas Assurance Corporation
3. Different Types of NTUC Car Insurance
4. NTUC Car Insurance – Should You Sign Up For The Drivo Classic Plan or The Drivo Premium Plan?
5. MSIG – Summary of Main Benefits (Any Workshop)