SHC Capital, the provider of SHC Car Insurance, is considered a respectable player in Singapore’s insurance industry. The company is a registered general insurer, which is regulated by the Monetary Authority of Singapore also known as MAS. To date, the Singapore Stock Exchange lists SHC Capital under Catalist.

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.

Tokio Marine Car Insurance is a protection plan offered by a premier car insurance provider in the market, Tokio Marine Insurance. If you are about to renew with this insurer or are shopping around for car insurance, then take time to read up on what this product can do for you.

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.

Etiqa car insurance is suitable for car owners who use their car regularly for commute and for joy rides. Before signing up for an Etiqa Car Insurance Policy, make sure you check out their list of benefits below. They can help you find out whether this insurer (or some others) can serve your needs.

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).