Checking the NRIC of Applicants of Car Insurance for Accident and Claims

November 18, 2017 · Posted in Singapore · Comment 

Checking the NRIC of Applicants of Singapore Car Insurance for Accident and Claims

A visitor who wished to remain anonymous, shared this with us:

With the rising claim statistics, increasing number of motor insurance claims, and the quantum of claim. Insurance companies are now checking up the NRIC of car insurance applicants. If his/her NRIC has records of multiple claims (or involved in car accidents), even under different cars (not owned by them), the applicant will have loading on their premium. This may sounds unfair to some, since its a double whammy. However it does take care of reckless or “persistently not-careful-drivers”, increasing their premium, and hopefully, they change their ways.

 

NTUC Authorized Workshops for Motorcycle Repairs Only

November 8, 2017 · Posted in General, Singapore · Comment 

Please call the workshop for arrangement before sending the vehicle down

 

A.S.Phoon Pte Ltd
Ubi workshop
Blk 3007 UBI road 1 #01-432, 436
Singapore 408701
Tel: 6744-0770
Email: jonathan@asphoon.com
Ban Hock Hin Co Pte Ltd
6 Defu Lane 4
Singapore 539410
Tel: 6281-6520
Choong Kok Agency Pte Ltd
79 Kaki Bukit Ave 1
Shun Li Ind Park
Singapore 417952
Tel: 6748-5455
De Xing Motor Pte Ltd
Blk 3006 Ubi Road 1
#01-356
Singapore 408700
Tel: 67468582
Email: dxmotor@singnet.com.sg
FT Fast Track
Blk 1044 Eunos Ave 4 #01-143
Singapore 409794
Tel: 6749-1002, 6749-3447
Guan Hoe Cheong
1108, 1110 Serangoon Road
Singapore 328200
Tel: 6292-3737
 

Indeco Engineers Pte Ltd
39 Defu Lane 12
Singapore 539139
Tel: 6382-2736 / 6382-1056
Kim Keat Motor Co
Blk 10, Ang Mo Kio Industrial Park 2A
Ave 5 #05-34, AMK Autopoint
Singapore 568047
Tel: 6483-3167
Kivile Enterprises Pte Ltd
Blk 3007 #01-408
Ubi Road 1
Singapore 408701
Tel: 6748-8645, 6747-9547
Mah Pte Ltd
1179 Serangoon Road
Singapore 328232
Tel: 6299-8620, 6295-6393
Yew Tee Automobile Tech Pte Ltd
Blk 6 Woodlands Road Unit 399-F
Yew Tee Industrial Estate
Singapore 678006
Tel: 6765-3373

Renewing Chartis Singapore Insurance

October 29, 2017 · Posted in Singapore · Comment 

Chartis have several options (e.g Cheque, credit card payment) that allows you to conveniently renew your car insurance

Paying credit card is usually the most preferred way for most consumers since its convenient, gain some credit card points, and track your expenses more easily.

Renewal Method Payment Method Operating Hours
Mailing/Faxing
Renewal NoticeFax: 6415 3723
  • Credit Card (Visa, MasterCard, Amex)
  • Cheque made payable to Chartis Singapore Insurance Pte. Ltd.
Not Applicable
Phone: 6419 3000
  • Credit Card (Visa, MasterCard, Amex)
9:00 am to 5:00 pm,
Mondays to Fridays,
excluding Public holidays.
Service Centre
  • Cash
  • NETS
    Credit Card (Visa, MasterCard, Amex)
  • Cheque made payable to Chartis Singapore Insurance Pte. Ltd.
9:00 am to 5:00 pm,
Mondays to Fridays,
excluding Public holidays.

Standard Chartered

October 19, 2017 · Posted in General, Singapore · Comment 

Gap Cover Benefit2 to protect you from any financial shortfall
Should a total loss takes place due to an accident or theft of your car, or, in the event the unforeseen happens and accidental death or total permanent disability arises, Gap Cover Benefit will help to cushion off any financial shortfall of up to S$100,000 due to a difference between your outstanding car loan and the market value of your car.

Unlimited protection for your windscreen and windows
Ultimate Car Protector takes care of the replacement of your car’s windscreen or windows, in the event of damage. This includes your car’s standard-fitted sunroof. You do not have to bear any cost and your No Claim Bonus remains intact.

Enjoy Overseas Vehicle Excess cover
The policy reimburses you of up to $500 for the excess in the event of collision or theft of the car you have rented during your trip overseas.

Enjoy the flexibility of choosing your preferred workshop
In the event of an accident, you are free to select your preferred workshop or send your car to the manufacturer’s agent for repairs. The choice is yours.

Transport Allowance Benefit
In the event that you need to leave your car at the workshop for repair as a result of an accident, you will receive $50 per day, up to 5 days. This certainly helps you to better manage the inconvenience without disrupting your plans and routine.

Protection for your personal belongings
You will enjoy protection of up to $500 on your personal belongings in the event of loss arising from vehicle break-in. What’s more, you can claim from the very first dollar, without affecting your No Claim Bonus!

AIG Motor Insurance is now available through Chartis

October 9, 2017 · Posted in General, Singapore · Comment 

chartis_insurance_singapore


This is probably not new to some of the car owners who had received renewal letters for their AIG motor insurance. AIG car insurance and general insurance is now offered by a Chartis. Depending on your car model and personal driving profile, premium could have changed.

Below is an article from cnn, money section

Bailed out insurer AIG on Monday said it would go forward with its previously announced plan to spin off its property-casualty insurance business long known as AIU.

The name of the new company is Chartis, AIG disclosed Monday.

Chartis, though officially separated from AIG, remains 100% owned by the embattled company. Kristian Moor, a former AIG executive vice president who headed the property-casualty group, was named Chartis’ chief executive officer.

According to the company, the Chartis name derives from the Greek word for map, underscoring “the franchise’s disciplined-yet-flexible approach to navigating changing marketplaces and complex risks worldwide.”

According to AIG (Fortune 500) spokeswoman Christina Pretto, AIG is positioning Chartis to be more independent down the road. AIG is working to assemble an independent board and, perhaps, eventually an initial public offering, she said.

AIG is expected to use the proceeds from the eventual sale to pay back some of the $83.3 billion the government has pumped into the company.

Earlier this month, AIG similarly spun off foreign life insurance companies AIA and ALICO. The Federal Reserve will take stakes in AIA and ALICO later this quarter and in exchange forgive $25 billion in loans to the company. But that still leaves AIG with more than $58 billion to pay back.

The insurer may be able to make a good chunk of that by selling Chartis.

Though AIG lost nearly $100 billion last year, the unit now known as Chartis was profitable, with an operating income of $3.3 billion worldwide, according to the new company.

Chartis is made up of the three former AIG units: commercial insurance, foreign general insurance and private client group. They pay a combined $71 million in claims every day, on average, and had $32.1 billion in cash on hand to pay claims at the end of 2008.

Still, some experts are skeptical that Chartis will succeed without the support of its parent company.

“We’re talking about major companies,” said Andy Barile chief executive of insurance consultancy Andrew Barile Consulting Corp. “They have all the ingredients, but the question is will they be able to execute?”

Barile said the question is whether Chartis will be able to maintain its “A” credit rating. A high credit rating keeps borrowing costs — and premiums — down. Chartis on its own is a mammoth company, big enough to have made the Fortune 500 if it had been an independent company. But without the ability to use AIG’s other insurance businesses as a backstop, Chartis may have to battle for that credit rating.

Source:  http://money.cnn.com/2009/07/27/news/companies/aig_chartis/index.htm

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