What are the factors affecting your premium

An insurance company considers many things when calculating an insurance premium. Most premiums are based on basic third party cover with the cost of extras added on. The

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What is the premium difference without COE?

When the sum insured does not include the COE, the general practice is for insurers to offer a 5% discount off the basic premium computed from the market

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What are the types of motor insurance coverage

Insurers offer three main types of motor insurance policies. Optional benefits are available to meet your individual needs. There are 3 types of motor insurance Comprehensive Cover Covers

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What's the difference between authorised scheme or anyworkshop scheme?

In Singapore, there are two types of motor insurance scheme. Authorised Workshop or Any Workshop. It is easy to understand that authorised workshop scheme has lower premium because

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All you need know about No Claim Discount (NCD)

If you have not made motor insurance claims, you are entitled to No-Claim Discount (NCD). This guide gives you all the essential info you need as a vehicle

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Should insured insure the vehicle with or withour COE?

It is really the policyholders’ option. However, it is recommended to insure with COE for the following reasons: Financial institutions that extend the vehicle loans, for credit prudence,

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How to get a lower motor insurance premium

The best technique to get a lower premium is not to always switch your insurers. The insurance companies are profit driven. If they offer you a cheaper rate,

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What is LIBOR

If you have USD in a Singapore bank, what set of rates do you think the bank uses to pay you interest? Is it USD rate? The answer

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Do I need to make a police report if I get involved in a motor accident in Singapore?

With effect from 1 May 1999, if you are involved in a non-injury motor accident in Singapore, you do not need to make a police report unless your

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How do I go about making my third party property damage claim against a Malaysian motorist?

The GIA and PIAM (the Malaysian insurance association) have agreed on a set of procedures for third party property damage insurance claims across borders, for accidents happening on

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