A Liberty Insurance motorbike policy doesn’t just give you good value. We will review and decide to accept / reject / grant the appropriate percentage of NCD. What is the benefit of a private settlement? Can I transfer the NCD to him / her? It takes about 30 minutes to complete the accident reporting. This field is required. 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. Everyday’s a good day for a bike ride, especially when you’ve got the perfect motorcycle cover. get a quote in less than a minute. This field is required. No. If I made a claim under my motorcycle insurance policy, am I still entitled to a cancellation refund? How is the payout amount for the theft claim derived? Does Income Quality workshops use all new parts to repair my vehicle? 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. Please enter the last 4 characters of the ID number, e.g. You must also not shift your vehicle. NTUC Income Insurance Singapore. You should remember to take note on the following (if the traffic condition permits): You should not allow any tow truck who is not assigned by us to take over your vehicle. Yes, you can include only one Named rider in your motorcycle insurance policy. Upon successful payment confirmation, you will receive a confirmation email which includes a link for you to view your policy document. Does this requirement delay the repair of the vehicle? Stop worrying about your vehicle and book insurance with NTUC … The owner or the driver of the vehicle at the time of the accident can submit the accident report online. first registered in. This is the industry practice among all insurers. Yes. Get started online! You can pay either via eNETS Direct Debit or Visa/MasterCard Credit Cards. NTUC Income Vehicle Insurance NTUC income provides coverage for your vehicle repairs and any sort of third party damages as well. You can withdraw the NCD while your policy is still in force, subject to no claims made under your motorcycle insurance policy. It comes with free 24/7 roadside assistance, discounts for safe riders and lots more. 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. If you sell your vehicle, you may inform us to cancel your policy. Either options will allow you to retain your NCD for the next policy renewal. This same thing applies if you choose to report the accident personally at any of our Accident Reporting Centres. 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. 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. Where can I send my vehicle for repair and submit the claim? Enjoy 5% off quality motorcycle insurance that you can depend on; Enjoy extra 5% off on our weekly Friday ‘TEIF’ sale! We will inform the policyholder by a letter. If no claim is submitted against you, your report will not affect your No-Claim Discount or premium. Policy Number. NRIC/FIN Number. Submit an accident report from our mobile app anytime, anywhere. If you proceed to attempt the Third Party claim first, you will breach our policy conditions and affect our position. Motorcycle insurance saga laremy sg bike insurance ntuc motoring page 4 laremy sg cheapest motorcycle insurance in singapore What is the first thing I have to do at the accident scene? If there is a Third Party claim against me, will I be updated on the status? How will I know whether my online accident report is successful? For such cases, please provide us with the supporting documents (E.g. See if you could save on your motorcycle insurance premium by comparing motorbike quotes with MoneySuperMarket. 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. You must complete your accident reporting by the end of the next working day of the accident. Early saver promotion. What is my role if the other party is claiming against me? If the repair cost exceeds the Economical Repair Value, we will settle the claim on “Total Loss” basis. Get comprehensive and affordable coverage for bike repairs, loss and damages incurred due to accidents from Singapore's leading motor insurer. Features . Visit the post for more. NTUC Travel Insurance Provides High Medical ... Companies Offering Travel Insurance in Singapore. When will I receive my refund upon cancellation of my motorcycle insurance policy? How do I know if your market value is fair? 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. Can I add a Named rider midway of my policy term? Yes, NCD is transferrable to your Primary rider provided he / she is taking the new motorcycle insurance policy with Income. We use cookies to enhance your experience on our website. I am a foreigner working in Singapore. You need to provide the original letter from your motor insurer in your home country to us. How is my No Claim Discount (NCD) applied? I own multiple companies. I understand that I can refer to Income’s Privacy Policy for more information on the collection, use and disclosure of my personal data and manner of consent withdrawal. The insurer is to conduct the inspection within two days (excluding Saturdays, Sundays and Public Holidays), upon receiving the notification. What are some important information that I need to know if I wish to claim against a third party? Motorcycle Policy features and benefits. Deals left: Buy Now. You can report the accident at any of our appointed Accident Reporting Centres. Upon payout of the claim, we will engage a wreck buyer to take over the ownership of your vehicle. Depending on the risk profiles of the riders, the premium may remain the same, increase or decrease. When will a vehicle claim be settled on “Total Loss” basis? How to save on your NTUC motorcycle insurance policy. You will need to lodge a police report and submit the theft report to us at any of the Income branches by the next working day. Send in your Certificate of Insurance 3. Why is it important to make an accident report? Income’s panel of Quality workshops is appointed through a series of stringent assessments. This is for general information only. $2.95 Offer Home Insurance from $2.95 per month Details . What is the Excess applicable if my motorcycle is driven by someone who is not named under my policy? Can I include a Named rider in my motorcycle insurance policy? 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. The older generation of riders calls it as the Number 2 Insurance/Second Party Insurance, If I am not at fault for the accident but make an own damage claim, will my NCD be affected? You can send your vehicle back to the same workshop and we will ensure that they will repair your vehicle to your satisfaction. After a motorcycle trip, Igor enjoys a break in a service station. 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. More about NIMA protocol. If I have no intention of making any claim or my vehicle is not damaged, do I still have to report the accident? Ride easy on the roads when you have broad and affordable coverage for your motorcycle. We will ensure that the market value offered to you will enable you to purchase a similar vehicle from the resale market. 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. You will not be entitled to a cancellation refund if there is a claim made under your motorcycle insurance policy. We may repudiate liability for the accident in view of a breach in policy conditions. I decided to purchase an Assist Rider for my existing NTUC Enhanced IncomeShield Advantage plan. No, you do not have to make another report. Why do I need insurance if I ride a personal mobility device? What do I need to take note of when I opt for private settlement? 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). If cash payment is involved for the settlement, the recipient has to acknowledge receipt of the amount. What is the pre-repair inspection requirement of the Non-Injury Motor Accidents (NIMA) Protocol? D2C Motorcycle. However, if the claim recovery is not successful, your NCD will be affected. You must complete your accident report by the end of the next working day of the accident. ntuc motorcycle insurance quote. What happens if one of the parties does not fulfil the requirement of the Protocol? We will decide on the payout of the claim. For Third Party, Fire and Theft Motorcycle Insurance: As the description already says, its a coverage policy to third-party claims, Fire damage to your bike and covers the risk of being stolen. If the accident happened in Malaysia, you will need to file the police report in Malaysia. Get started online! Can I still proceed to submit my accident report online? Can I request for towing service even though my policy is not under a Comprehensive coverage? Budget Direct Insurance offers motorcycle insurance premiums from as low as $150. How can I transfer my NCD from the vehicle in my home country to the new vehicle I bought in Singapore? Coverage for your policy is automatic and no further action is required from you. The Economical Repair Value is the market value less Preferential Additional Registration Fee (PARF) & Certificate of Entitlement (COE) rebate. Click here to download the Transfer No Claim Discount form. How is my refund calculated for my motorcycle insurance policy cancellation? ... NTUC Travel Insurance. What happens if I am still servicing my vehicle loan with a finance company? How To Apply. 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. Footnotes. First of all, please make sure that nobody is injured. 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? Who can submit the online accident report? Group Personal Accident Insurance for Students, Group Insurance for Childcare Centres & Kindergartens, Group Personal Accident for Ministry of Education (MOE) Personnel. 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. Only the named rider declared in your motor insurance policy will be covered. You need to top up the difference in premium due to the NCD withdrawal. How soon will the theft claim be settled? We will only pay out the claim after the investigation is completed. What is the penalty if I fail to make a report of an accident to my insurance company? Please inform us once this is done. We also take into account the motorcycle's make, model and … We constantly raises our bar to exceed our partners’ and clients’ expectations. If you want to beat an expensive renewal quote or take out a new policy, our free comparison will get tailored prices from more than 20 motorbike insurers in minutes. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. Click here to download the Transfer No Claim Discount form. This is a 24/7 emergency response unit ensuring the safety of and helping riders. Choice of three plans and coverage based on your riding needs. Your one-stop solution for accident reporting and reliable vehicle repairs. If you own more than one vehicle, you may decide which vehicle to apply your NCD. These workshops are not our partners and we have no control over the repair quality. Specially designed to help Grab driver-partners better protect themselves against critical illnesses, CIPPT offers a unique and flexible pay-per-trip micro premium and accumulative coverage proposition. Your role is to provide information regarding the accident scenario and verify the extent of damage to the other vehicle(s). Code history for NTUC Income. You will need to liaise with your previous insurer, and get them to update the GIA records. Yes, the Excess¹ is subject to prevailing GST. Can I transfer the 20% NCD to a new motorcycle registered under Company B? See table below. ntuc motorcycle insurance quote. Motorcycle Insurance Singapore's leading motorcycle insurer lets you ride with confidence. We obtain the market value from various sources such as motor traders, surveyors, online motoring websites and newspaper advertisement. You are covered for vehicle loss and damages due to accidental causes, fire, floods, natural disasters or theft Plus, the policy … You may wish to opt for private settlement in situations where there is no or minor damages (e.g. Under what circumstances should I opt for private settlement? 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. If someone is injured, you will need to call the ambulance and police immediately. You may also call Income Orange Force at 6789 5000 for assistance. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. If in doubt, please call Income hotline at 6788 6616 or Orange Force at 6789 5000. The vehicle must also be made available for photo-taking at the time of reporting. If the remaining unused premium is less than the minimum sum of $25, no refund will be made. 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. We will only cover the riders declared in your motorcycle insurance policy. Alternatively, you can choose to keep the NCD with your existing vehicle and start earning the NCD for the newly purchased vehicle. You will need to ensure that the private settlement form is duly filled up and signed by both parties. Email or call up NTUC 2. We will pay the full payout amount to your finance company and they will settle the difference with you, if any. This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Application for 0% instalment payment plan by credit card. Furthermore, the claim cost may be inflated, resulting in higher premium on your next renewal. 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. Our Motorcycle insurance plan puts your mind at ease when it comes to claiming, allowing you to focus on your safety instead. If you are insuring for a motorcycle, it will also provide insurance against, loss in any form and damages. Click here to download the Transfer No Claim Discount form. If the repair is poorly done, we will not be able to assist you. Can I revert to claim under my policy if the Third Party claim against the other insurer is unsuccessful? If I am a supplementary cardholder, can I still purchase my Motor Insurance online? 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. 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 happens if I have some issues with the repair? NTUC Income Comprehensive Motorcycle Insurance Highlights. What is the minimum fee charged for my motorcycle insurance policy cancellation? The accident report will provide us with the necessary information to handle all claims made against you for the accident. Once the claim is settled, we will recover the claim on your behalf from the party liable for the accident. How much of my NCD will be deducted after an accident? 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. After the transfer, the NCD for your existing motorcycle insurance policy will become 0%. September 20, 2020 | No Comments. See table below. Towing benefit is only available under Comprehensive coverage. Please attach a copy of the private settlement form that has been completed and signed by both parties. NTUC Income Insurance Singapore is the only insurance co-operative in Singapore. If we're wrong, please let us know. You are required to pay the Excess¹ (subject to prevailing GST) applicable under the policy. What happens if I have more than one accident in a year? Income Quality workshops provide 12 months warranty for all repairs done. NTUC Income is Singapore's leading provider of Life, Health, Travel & Car Insurance as well as savings, investment and retirement plans. Can I backdate my motorcycle insurance policy cancellation? 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. In summary, to cancel an NTUC car insurance policy, this is what you have to do: 1. Is the Excess under the policy subject to GST? We are only able to help you if you are able to produce convincing evidence to us. How will I be informed if the other party makes a claim against me? You will then need to submit this form to your insurer. What should I do if I change my mind and decide to make a claim after submitting my online accident report? Exclusively for OCBC Plus! You will receive an SMS upon successful submission. What happens to my policy if I sell my motorcycle? You need to prove that the other party is liable for the accident before you can file a claim against him / her. Basic Information. If you declare a higher NCD, you will need to pay us the difference in premium. Furthermore, our Quality workshops provide 12 months warranty on all repairs. Otherwise, you may have to handle and settle any claims on your own. You should make a report for record purposes. Website This would mean that you can continue to enjoy your current NCD and standard premium on your policy renewal. About Motor Insurance. We offer comprehensive and affordable coverage for motorcycle loss, repair and damage incurred due to accidents. The other party may make the report in his favour. There will not be any hardcopy mailed to you. A transfer of ownership letter from LTA, sales agreement or a scrap certificate, etc.). If I am not at fault for the accident, can you contest the claim for me? 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 need to provide us with the following information: Minimum 4 photographs of your vehicle that shows the vehicle registration number and damages (if any). Your NCD will remain valid for 24 months from the end date of your last policy. Do I still need to make another report at an Accident Reporting Centre after making an online submission? The following table shows how the NCD is determined by most insurers in the industry. What happens if the accident occurs outside Singapore? Your dream life can come true with enough savings! How will my NCD be affected if I make a claim? Yes, we will handle the claim according to the policy terms and conditions. How do you obtain the market value of the vehicle? Motorcycle Insurance. Be the first few to buy daily to enjoy 8% off! Who must be present and what documents are required for the accident reporting? If you declare a lower NCD, we will refund you the difference in premium. Social. Visa cardholders. What are the payment modes available when I purchase online? What is the time frame for me to report the accident? 7 outlets. NTUC Income is the sole insurance co-operative in Singapore. What is the procedure for making a theft claim? 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. Do I need to report to the police for all accidents? However, we can allow up to two Named riders if the registered owner of the motorcycle does not have a driving license. Also, a chance to win $110 CapitaVouchers!! 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. 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). 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. 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