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China Taiping Motor Insurance Changes

6 January 2016 By Alex Tan Leave a Comment

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Dear valued customer,

With effect from 4th January 2016, China Taiping Insurance will have some changes to their Motor Insurance Policy for both Private Car and Commercial Vehicle.

PRIVATE CAR

COMMERCIAL VEHICLE

1. Loss of use benefit: You can choose to take up this optional benefit with additional premium of $50+gst ($50 per day is claimable, up to maximum of five days when repair exceeds 3 days and more. Up to $250 per policy period.

1. Removal of Foreign Worker Excess: No more flat excess of $3000 for any authorized driver who is holding a foreign driving licence or holding a Work Permit/Special Pass issued by Ministry of Manpower.

2. Parallel Import (PI) vehicle: Any workshop plan is now available. If customer opts for Autosafe plan, all PI vehicles must be sent to our PI authorized workshops for any Own damage/windscreen repairs and all accident reporting.

2. Additional Excess of $3,000 for Young and Inexperienced Authorized Driver: Implementation of additional excess $3,000, on top of the Excess Applicable (as stated on quotation slip), for any authorized driver(s) who is below the age of 22 or possess a full driving licence for less than one year.

3. Waiver of Elderly Excess: No more Flat Excess of $2,000 for unnamed driver(s) who is 66 years old & above.

3. Option to increase Third-Party Property Damage (TPPD): Allow to increase coverage to $1million with an additional premium of $300+gst

4. Autosafe Discount for BMW 5-series and 7-series: Higher Autosafe discount given.

4. Option to buy NCD Protector: Allow to buy NCD protector with additional premium of $80+gst for
commercial vehicle, with maximum NCD of 20% only.

5. Insured age 29-30 years old: Rate reduction for insured within this age group

 

6. Waxier on claim loading: No loading for one claim which is $10,000 and below, within the past 12 months (For new customer only.)

 

You may wish to email to [email protected] for more details. Alternatively, you can also call us at 68978226.

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Filed Under: Products Tagged With: China Taiping, China Taiping Motor Insurance, Commerical car insurance, motor insurance, Private car insurance

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