Understanding your car insurance (Singapore) premiums can be quite a baffling thing. Numerous drivers have questioned about their car insurance premiums and yet have little understanding on how it all works. This post give readers an insight on how car insurance companies in Singapore price their premiums - a real insider's guide to the inner [...]
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 [...]
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 [...]