There are occasions when your NTUC car insurance may need to be cancelled before it is due. When this happens you can get back the remaining (unused) value of your policy. As such, a little knowledge on how to estimate your refund value and how to cancel your policy may be helpful.
Every NTUC car insurance policy you buy insures you against third party claim liabilities. This means if anyone (third party) sues you for losses or damages, your insurance policy can pay out the compensation. You won’t have to dip into your own pocket to handle such eventualities.
The proposal form needs to be submitted and sent (along with the quotation) to the insurer in order for them to underwrite your motor car insurance policy. The underwriter relies on the information given by the car owner to assess the risk undertaken by the insurance company. Therefore it is important that car owners provide [...]