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.
Under NTUC Income, you will be protected against legal liabilities due to any accident. Thus you are covered against any deaths or bodily injury you cause to anyone. And you are protected (up to S$5,000,000) from any potential damage you may cause to any property arising from any one accident.
If someone else drives your car and gets into an accident, he is also covered. This is provided he or she is not concurrently insured under other car insurance policies. The coverage even extends to any of your passengers who are getting in and out of your vehicle or simply riding in it.
This benefit also applies should you be driving any other car not belonging or hired to you, provided this particular car is not covered by any other insurance for any loss or liability.
NTUC Income pays you, your named driver or your passengers up to $300 for medical expenses. Each party must be injured whilst in your car as a direct and immediate result of an accident involving your vehicle. Also, the number of passengers in your vehicle at the time of the accident must not exceed its seating capacity.
Personal Accident Benefits
Payment for personal accident benefits is shown in the Scale of Compensation issued together with your Certificate of Insurance. Each of your passengers and authorised driver will receive half of the amount stated.
Under the scale of compensation, you may receive the following amounts in case of eventualities:
– Death: $20,000
– Total and irrecoverable loss of all sight in both eyes: $20,000
– Total loss by physical severance at or above the wrist or ankle of both hands or both feet or of one hand together with one foot: $20,000
– Total loss by physical severance at or above the wrist or ankle of one hand or one foot together with the total and irrecoverable loss of all sight in one eye: $20,000
– Total and irrecoverable loss of all sight in one eye: $10,000
– Total loss by physical severance at or above wrist or ankle of one hand or one foot: $10,000
Finally, please note that you will find many exclusions as you read through the policy wording. This is because the insurer does not want anybody to profit from accidents nor take advantage of any loopholes in their insurance policy.
Apart from NTUC car insurance, you can also opt for Chartis car insurance or AXA car insurance. If you need car insurance quotes from reputable insurance companies such as these (and more), click on www.motorinsurancesingapore.com to find out more.