Ths caps my out-o-pocket hospitalisation expenditure to $2,500 per year. What is my role if the other party is claiming against me? How can I get an update on the progress of the repair? Can I include a Named rider in my motorcycle insurance policy? We will only pay out the claim after the investigation is completed. Driving is not without risk or incidence, indeed, the roads we drive on today may be filled with danger and the unexpected may occur at any turn. Where can I send my vehicle for repair and submit the claim? Does this requirement delay the repair of the vehicle? We obtain the market value from various sources such as motor traders, surveyors, online motoring websites and newspaper advertisement. Other terms and conditions apply.Â. save. ntuc motorcycle insurance promo code. NTUC Travel Insurance Provides High Medical ... Companies Offering Travel Insurance in Singapore. How much of my NCD will be deducted after an accident? You may also call Income Orange Force at 6789 5000 for assistance. We also found that Income's plans actually cost slightly above average for riders with 20% No Claim Discounts (NCDs). No, you do not have to make another report. How long will my NCD remain valid after I stop owning a motorcycle? Submit an accident report from our mobile app anytime, anywhere. If you own more than one vehicle, you may decide which vehicle to apply your NCD. If cash payment is involved for the settlement, the recipient has to acknowledge receipt of the amount. policy conditions. It is important to disclose relevant information in your application so that the risks can be assessed accurately. Motorcycle insurance saga laremy sg bike insurance ntuc motoring page 4 laremy sg cheapest motorcycle insurance in singapore We will pay you the market value of your vehicle at the time of loss. Exclusively for OCBC Plus! The workshops have to ensure that the quality of the repair is to your satisfaction and the repaired vehicle is fit to be driven on the road. The duty of an insurer is to reinstate / restore your damaged vehicle to its pre-accident condition. However, if the claim recovery is not successful, your NCD will be affected. Footnotes. If no claim is submitted against you, your report will not affect your No-Claim Discount or premium. It takes about 30 minutes to complete the accident reporting. If I include a Named rider in my motorcycle insurance policy, will my overall premium increase? You can call your appointed Income Quality workshop to check on the progress. If someone is injured, you will need to call the ambulance and police immediately. NRIC/FIN Number. Can I still proceed to submit my accident report online? What is the time frame for me to report the accident? You can pay either via eNETS Direct Debit or Visa/MasterCard Credit Cards. How is my No Claim Discount (NCD) applied? The letter should state the number of accident-free years whilst you were insured with them. When the liability of the accident is not clearly determined, some workshops may not want to take the risk of financing the cost of repair. Enjoy 5% off quality motorcycle insurance that you can depend on; Enjoy extra 5% off on our weekly Friday ‘TEIF’ sale! There are certain conditions whereby the benefits under this plan will not be payable. Others may agree to finance it at the beginning and later want you to pay up when they encounter problems recovering the claim from the other insurer. What do I need to pay if I claim under my policy? You need to prove that the other party is liable for the accident before you can file a claim against him / her. NTUC Income Insurance Singapore. No, NCD is not transferable between different entities. You have to stay calm. Visa cardholders. What is the penalty if I fail to make a report of an accident to my insurance company? This is for general information only. If there is a Third Party claim against me, will I be updated on the status? In addition, Income’s panel of Quality workshops will provide 12 months warranty on the repair done. Choice of three plans and coverage based on your riding needs. expand_more. You can submit the request via our Online Endorsement portal. Repair cost estimated to be less than a few hundred dollars) to your vehicle and if there is no injury involved. We also provide a wide range of optional covers. It is our aim to make the cost of your motorcycle ownership as affordable as possible. Click here to download the Transfer No Claim Discount form. Here’s how Motorcycle Insurance protects you. Can I backdate my motorcycle insurance policy cancellation? Furthermore, our Quality workshops provide 12 months warranty on all repairs. expand_more. Please enter the last 4 characters of the ID number, e.g. There will not be any hardcopy mailed to you. When will I receive my refund upon cancellation of my motorcycle insurance policy? If you sell your existing vehicle and buy another one, you can transfer the NCD from the existing vehicle to the newly purchased vehicle. Upon payout of the claim, we will engage a wreck buyer to take over the ownership of your vehicle. We will ensure that the market value offered to you will enable you to purchase a similar vehicle from the resale market. If you intend to use your motorcycle for business purposes, you should call NTUC on 6789 9595. Enhanced Home Insurance. How long will Income Quality workshop take to repair my vehicle? No. Can I add a Named rider midway of my policy term? Website NTUC Income. Why do I have to claim under my policy if I am not at fault for the accident? Ride easy on the roads when you have broad and affordable coverage for your motorcycle. Visit the post for more. Either options will allow you to retain your NCD for the next policy renewal. NTUC Income Insurance provides motorcycle insurance products and services to serve the protection, savings and investment needs of customers across all segments of society. You should always go to an Income Quality workshop. Who can submit the online accident report? Will Income Quality Workshop help me to claim against the third party? Only the named rider declared in your motor insurance policy will be covered. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. ntuc motorcycle insurance quote. We encourage our policyholders to make the changes via our Online Endorsement portal to avoid paying the minimum administrative fee of $26.75 (inclusive of GST). Basic Information. It comes with free 24/7 roadside assistance, discounts for safe riders and lots more. You will receive an SMS upon successful submission. These workshops are not our partners and we have no control over the repair quality. This is the industry practice among all insurers. The towing benefit is capped to an amount shown in the policy contract. You will then need to submit this form to your insurer. What is the first thing I have to do at the accident scene? My Primary rider wishes to buy a motorcycle under his/ her name. If you are insuring for a motorcycle, it will also provide insurance against, loss in any form and damages. motorcycle for. We do not allow you to backdate your motorcycle insurance policy cancellation. Email or call up NTUC 2. If my vehicle is repaired at Income Quality workshop instead of my preferred workshop, will the quality of the repair be compromised? Your dream life can come true with enough savings! Fortunately, Igor has taken out motorcycle insurance with AXA. This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Under what situations can I choose to submit an online accident report? If I submit my accident report online and the other party proceeds to submit a claim against me, will Income handle the claim? Motorcycle Policy features and benefits. We're confident that we have all NTUC Income coupon codes. we have stringent selection criteria for our Quality workshops. Income Quality workshops provide 12 months warranty for all repairs done. Towing benefit is only available under Comprehensive coverage. The older generation of riders calls it as the Number 2 Insurance/Second Party Insurance, How To Apply. Can I submit an online accident report if I already have a private settlement with the other party? The owner or the driver of the vehicle at the time of the accident can submit the accident report online. What happens if I exceed the time-frame for an accident report? All Income Quality workshops will help you to file your claim against the third party. What if I declare a higher / lower NCD wrongly? Get comprehensive and affordable coverage for bike repairs, loss and damages incurred due to accidents from Singapore's leading motor insurer. If there is any delay in conducting the pre-repair inspection of the vehicle, the Court has the right to award compensation for the loss of use of the vehicle to the claimant. For such cases, you will need to pay for the difference. What can I do to retain my NCD for my next policy renewal if I have a minor accident? Plus! You are required to pay the Excess¹ (subject to prevailing GST) applicable under the policy. What happens if I am still servicing my vehicle loan with a finance company? NCD is a way of rewarding you for being a safe driver. Applicable to motorcycle: Only details of additional named driver - 1 driver only (Name, NRIC No., date of birth, driving experience, occupation - indoor/outdoor) 1 Delete where necessary GI/G610/MT/09/2009 NTUC Income Insurance Co-operative Limited They can help you to file for either an Own Damage or Third Party claim and submit an accident report. Yes, NCD is transferrable to your Primary rider provided he / she is taking the new motorcycle insurance policy with Income. Alternatively, you can choose to keep the NCD with your existing vehicle and start earning the NCD for the newly purchased vehicle. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. Under what circumstances should I opt for private settlement? However, we can help you to arrange for a tow truck upon request. You can choose to submit an online accident report only if you do not wish to make any claim under your policy or against the other party. Which class of Motor Insurance can I purchase online? Reimbursement of expenses incurred for vehicle repairs in the event of accident. For more information on this policy, please download the Coverage for your policy is automatic and no further action is required from you. A private settlement is a resolution of the accident amount the motorists without involving the insurers. Can I transfer the NCD to him / her? Your NCD will remain valid for 24 months from the end date of your last policy. Otherwise, you may have to handle and settle any claims on your own. For cases where they are not confident in claiming against the third party, they may advise you to claim against your own policy instead (under comprehensive cover only). NTUC Income is Singapore's leading provider of Life, Health, Travel & Car Insurance as well as savings, investment and retirement plans. If you proceed to attempt the Third Party claim first, you will breach our policy conditions and affect our position. The Protocol requires the claimant to give the paying insurer an opportunity to inspect the vehicle before any repair is carried out. If you sell your vehicle, you may inform us to cancel your policy. We offer comprehensive and affordable coverage for motorcycle loss, repair and damage incurred due to accidents. The maximum NCD we will grant is 20% for motorcycles and commercial vehicles. Your existing vehicle will have to earn the NCD from 0%. You can choose to have a private settlement with the other party if it is a minor accident and there is no injury to any party. When opting for private settlement, please ensure both parties duly complete and sign the private settlement form. Alternatively, you can opt to reimburse the claim amount that we have settled. This field is required. When will a vehicle claim be settled on “Total Loss” basis? Can I request for towing service even though my policy is not under a Comprehensive coverage? You will only need to report to the police when the accident involves government vehicle or property / foreign vehicle / pedestrian or cyclist / injury to anyone / hit-and-run accident. We will review the performance of these workshops annually for reappointment. Loss or damage to your vehicle from accidental causes or by fire or theft, Market value at the time of loss or damage. ntuc motorcycle insurance quote. If the repair is poorly done, we will not be able to assist you. Once the vehicle reaches Singapore, it will be towed to the nearest reporting centre for you to file an accident report. Please inform us once this is done. As a result, you may not receive the full compensation for your claim. After a motorcycle trip, Igor enjoys a break in a service station. We constantly raises our bar to exceed our partners’ and clients’ expectations. Yes, the Excess¹ is subject to prevailing GST. If I am the owner of the motorcycle and do not have a driving license, will I be covered under the policy when I subsequently obtain my license? The motor insurance policy refund is calculated based on the following conditions: Your motorcycle insurance policy refund is calculated as follows: If you cancel your policy before or after the effective date of your motorcycle insurance policy, we will charge a minimum premium of $26.75 (after GST). Purchase conditions Stated reward is only applicable to first-time new Motorcycle Insurance policies. Once the claim is settled, we will recover the claim on your behalf from the party liable for the accident. See table below. This would mean that you can continue to enjoy your current NCD and standard premium on your policy renewal. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg  or www.lia.org.sg  or www.sdic.org.sg). How is my refund calculated for my motorcycle insurance policy cancellation? Can I accept assistance from roadside towing services or workshops? In which case, we are unable to allow you to revert to claim under your policy. The government announced that patients who buy new Integrated Shield Plan (“ISP”) Riders must make 5% co-payment, with an annual cap of $3,000. Lifetime NCD guarantee, buy online today! The policy contract will be issued when your application is accepted. If I am a supplementary cardholder, can I still purchase my Motor Insurance online? For such cases, please provide us with the supporting documents (E.g. Is the Excess under the policy subject to GST? Yes, you can add a Named rider anytime during your policy term which may incur additional premium. Hence, you can be assured of high quality of repair. NTUC Income Vehicle Insurance NTUC income provides coverage for your vehicle repairs and any sort of third party damages as well. NTUC INCOME List of Reporting Centres 24-hour Hotline: 6788 6616 North Zone AMK Autopoint Pte Ltd Blk 10 Ang Mo Kio Industrial Park 2 A #01-22 Ang Mo Kio Autopoint Singapore 568047 Tel: 6484 7928 Mon to Fri: 9.00am to 5.00pm Sat: 9.00am to 12.00pm Closed on Sundays and Public Holidays Chew Goon Motor Blk 10 Ang Mo Kio Ind Park 2 Ave 5 How do I know if your market value is fair? If you are unsure of your decision at this juncture, we would advise you to proceed to any of our Accident Reporting Centres to make the report within 24 hours. On returning to the parking space, he is stunned: The locked storage box has been broken into – and his motorcycle helmet and expensive leather jacket have both been stolen. In summary, to cancel an NTUC car insurance policy, this is what you have to do: 1. For any other premium payment methods, Income or your agents will send you a refund cheque. Yes. You need to provide the original letter from your motor insurer in your home country to us. Budget Direct Insurance offers motorcycle insurance premiums from as low as $150. In fact, we reward customers with a 20% lifetime NCD guarantee, 2-year premium guarantee with additional 5% discount, and the option to choose your own workshop. What happens if I insist to contest the claim against me? Need to make changes to your existing Motorcycle Insurance policy? A transfer of ownership letter from LTA, sales agreement or a scrap certificate, etc.). How do you obtain the market value of the vehicle? This field is required. What is the benefit of a private settlement? A home protection plan, exclusively designed to suit your needs. If towing is required, you may call Income hotline at 6788 6616 for assistance. No, NCD is not transferrable to another person except to your spouse provided your spouse is taking a new motorcycle insurance policy with Income. This is a one-time transfer and is non reversible. After the transfer, the NCD for your existing motorcycle insurance policy will become 0%. Click here to download the Transfer No Claim Discount form. Income reserves the rights to review this exception from time to time. The premium of your motorcycle insurance policy is calculated based on the profiles of the Primary rider and the Named rider. What is the pre-repair inspection requirement of the Non-Injury Motor Accidents (NIMA) Protocol? Your one-stop solution for accident reporting and reliable vehicle repairs. What happens to my policy if I sell my motorcycle? What is the benefit of using Income Quality workshops as compared to the other workshops available in the market? Yes, we can certainly cover your motorcycle which is more than 10 years-old, no problem. What are the actions I need to take at the accident scene? If we are convinced you are not at fault, we will contest the claim. If you retain your existing vehicle and buy another one, you can choose to transfer the NCD from the existing vehicle to the newly purchased vehicle. See table below. You can withdraw the NCD while your policy is still in force, subject to no claims made under your motorcycle insurance policy. Yes, you can include only one Named rider in your motorcycle insurance policy. If my motorcycle insurance policy is in force, can I still withdraw my NCD? On an exceptional basis, we may review your request if you have special supporting reasons to prove the need to backdate your motorcycle insurance policy cancellation. Autoshield is the leading company specializing in Car Insurance that has served more than 100,000 private/ business owners on their private/ commercial insurance needs. What happens if the accident occurs outside Singapore? I am not sure if the other party wants to make a claim against me. Social. Yes, we will handle the claim according to the policy terms and conditions. Purchase 3-year Enhanced Home Insurance plan with the use of NTUC Income discount code and pay 20% less plus $40 CapitaVouchers or Google Home Mini worth up to $79. You must complete your accident report by the end of the next working day of the accident. What is the information required to complete the online accident report? Early saver promotion. The police will need three months to complete their investigation. What are some important information that I need to know if I wish to claim against a third party? Who must be present and what documents are required for the accident reporting? How long does it take to complete the accident reporting? You can purchase both Private Car Insurance and Motorcycle Insurance online. Features . However, if you claim under your policy, you will get to enjoy the following benefits:: ¹ Excess is the amount the policyholder is required to contribute before they can make a claim. Will my policy be activated once I purchase my Motor Insurance online? Yes, as long as your payment confirmation is successful. We will decide on the payout of the claim. Get roadside assistance from our 24/7 accident response team anywhere in Singapore. Should you need to make changes to the Named rider, you can proceed with the amendment via our Online Endorsement portal. The driver involved in the accident must report personally, with a copy of his/her driving license, NRIC and the certificate of insurance to any Accident Reporting Centre. What are my claim options if I am not at fault for the accident? If the accident happened in Malaysia, you will need to file the police report in Malaysia. Terms apply. Option to pay with flexible credit card instalment payment plans[1]. Why do I need to pay the claim cost upfront? Stop worrying about your vehicle and book insurance with NTUC … Location. What are the payment modes available when I purchase online? For Prestige plan, the windscreen excess is S$1,000 (or any other amount shown on the Schedule or certificate of insurance) applies for each and every claim. The settlement could be one party paying the other or both parties agreeing not to claim from each other. What is the procedure for making a theft claim? You can be assured that we have workshops with good workmanship and service attending to your damaged vehicle. We are only able to help you if you are able to produce convincing evidence to us. The vehicle must also be made available for photo-taking at the time of reporting. If you declare a lower NCD, we will refund you the difference in premium. and NTUC Plus! You are covered for vehicle loss and damages due to accidental causes, fire, floods, natural disasters or theft Plus, the policy … Does Income Quality workshops use all new parts to repair my vehicle? If I made a claim under my motorcycle insurance policy, am I still entitled to a cancellation refund? What is the Excess applicable if my motorcycle is driven by someone who is not named under my policy? NTUC Income Comprehensive Motorcycle Insurance Highlights. We will pay the full payout amount to your finance company and they will settle the difference with you, if any. If I am not at fault for the accident, can you contest the claim for me? D2C Motorcycle. Can I transfer my NCD to one of my Named riders under my policy so that he / she can enjoy a lower premium? Make changes to your Motor Insurance Policy. September 20, 2020 | No Comments. Commercial Motor Insurance, you'll get affordable assurance on the road 24/7 What does the NTUC Income Motor Insurance policy cover? S1234 567A. This same thing applies if you choose to report the accident personally at any of our Accident Reporting Centres. No, you have to inform us to include you as the Primary rider of the policy. Your NCD will not be affected if we can recover the claim amount from the other party. We also take into account the motorcycle's make, model and … You must also not shift your vehicle. The parts used for repairs will depend on the age of the vehicle: The duration depends on the extent of damage and availability of parts. What is the time-frame for me to report the accident? NTUC Income is the sole insurance co-operative in Singapore. I own multiple companies. NTUC Income's Comprehensive motorcycle insurance plan provides basic coverage at average prices, making it an underwhelming plan for most riders. If you declare a higher NCD, you will need to pay us the difference in premium. Your role is to provide information regarding the accident scenario and verify the extent of damage to the other vehicle(s). You will receive your refund within seven to ten working days. The most affordable insurance for motorcycle riders below 30 years old is offered by NTUC Income at 50% cheaper than the normal packages for 25-year-old bikers. Income’s panel of Quality workshops is appointed through a series of stringent assessments. By submitting my request, I consent and agree to Income and its representative to collect, use and disclose my personal data for the purpose of contacting me via my contact information provided in the area(s) that I have indicated my interest. What should I do if I change my mind and decide to make a claim after submitting my online accident report? You may wish to opt for private settlement in situations where there is no or minor damages (e.g. How do I reinstate my NCD which was penalized due to pending claims against me by my previous insurer? Your NCD will be further reduced by one level on top of any NCD reduction resulting from the claim made under your motorcycle insurance policy. You will need to ensure that the private settlement form is duly filled up and signed by both parties. Click here to download the Transfer No Claim Discount form. Your NCD will be further penalised by one level on top of any NCD reduction resulting from the claim made under your motorcycle insurance policy. Grab’s insurance arm, GrabInsure and NTUC Income (Income), jointly unveiled Southeast Asia’s first micro-insurance plan, Critical Illness: Pay Per Trip (“CIPPT”), in Singapore today. The accident report will provide us with the necessary information to handle all claims made against you for the accident. We use cookies to enhance your experience on our website. Our Motorcycle insurance plan puts your mind at ease when it comes to claiming, allowing you to focus on your safety instead. Get actual rates that are tailored to your needs. first registered in. I decided to purchase an Assist Rider for my existing NTUC Enhanced IncomeShield Advantage plan. Information is correct as of 3 December 2020. A windscreen excess of S$100 (or any other amount shown on the certificate of insurance) applies foreach and every claim under the following plans: Drivo TM Premium and Drivo TM Classic plan. Code history for NTUC Income. Founded in 1970, the company makes insurance accessible to all Singaporeans and has grown to become one of the leading insurance providers in the country. We will only cover the riders declared in your motorcycle insurance policy. get a quote in less than a minute. See if you could save on your motorcycle insurance premium by comparing motorbike quotes with MoneySuperMarket. Depending on the risk profiles of the riders, the premium may remain the same, increase or decrease. Please attach a copy of the private settlement form that has been completed and signed by both parties. We’re here to assist every step of the way with our value-added services. Scenario 1 - You take up another motorcycle insurance policy with us within 90 days from the effective date of cancellation, Scenario 2 – You do not take up another motorcycle insurance policy with us, Take photos of the extent of damage for all vehicles involved in the accident, Exchange particulars with all drivers involved in the accident, Take down the particulars of all injured persons, if possible, and note the extent of injuries, Claim from the party who is liable for the accident directly, Claim under your policy provided you have purchased a Comprehensive coverage, Immediate commencement of repair and you only need to pay the Excess¹, Enjoy 12 months of warranty on the repair by Income Quality workshop, Less than three years old – We will use new genuine or Original Equipment Manufacturer parts, Over three years old – Workshop will have the right to decide to repair the damaged parts, use reconditioned, Original Equipment Manufacturer or new parts, When you make a claim and we are unable to recover the claim cost from any party, When a third party makes a claim against you, Immediately on receipt of the notification of claim from the third party, Upon reaching a decision to settle the Third Party claim, Particulars of the vehicle owner and driver, Copies of the driver’s NRIC and driving license, This is only valid for payment made using your UOB, OCBC or DBS/POSB credit card. More about NIMA protocol. Alternatively, you can reach out to our Customer Service Officers at 6788 6616 or email us at [email protected]. What happens if I have some issues with the repair? Your Motorcycle Insurance premium is based on a number of factors including driver profile which looks at your age, driving experience, No Claim Discount and the number of profile named on your policy. We will look at all the evidences available for us before we make a decision. 7 outlets. Also, a chance to win $110 CapitaVouchers!! Singapore's leading motorcycle insurer lets you drive with confidence. $2.95 Offer Home Insurance from $2.95 per month Details . Download the Income Insurance app for the latest rewards and deals, Group Personal Accident Insurance for Students, Group Insurance for Childcare Centres & Kindergartens, Group Personal Accident for Ministry of Education (MOE) Personnel, Loss or damage by fire or theft (up to market value at the time of loss or damage), Loss or damage by other insured causes (up to market value at the time of loss or damage), Damage to third party property (up to S$500,000), Death of or bodily injury to third party (unlimited), Vehicle repairs at a workshop chosen by NTUC Income, Policy excess as shown on the Schedule or Certificate of Insurance applies for each and every accident claim, Young and inexperienced motorcyclist excess (for vehicle registered under a company). The motorcycle registered under Company A is entitled to 20% NCD. Should there be a shortfall, you will need to settle the shortfall with the finance company.

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