To Register Call 1800-88-3838 (NISCARE 24 Hours Call Center)
Buying motor Insurance is an important decision. That’s why it is crucial to take up from an established and reputable company. With more than 40 year experience in the local motor industry and as one of the leading corporate agencies, Tan Chong Motor is well-positioned to meet all your needs. Our team of professional and committed staff is ever ready to serve you.
Comprehensive Cover

Third Party Cover

This policy insures you against claims for bodily injuries or deaths caused to other persons (known as the third party), as well as loss or damage to third party property caused by your vehicle.

Insured value/sum insured
If you are buying a policy against loss/damage to your vehicle, you must ensure that your vehicle is adequately insured as it will affect the amount you can claim in the event of loss/damage. For a new vehicle, the insured value will be the purchase price while for other vehicles, the insured value is the market value of the vehicle at the point you apply for the insurance policy.
  • Under-insured – If you insure your vehicle at a lower sum than its market value, you will be deemed as self-insured for the difference, i.e. in the event of loss/damage, you will only be partially compensated (up to the proportion of insurance) by your insurance company.
  • Over-insured – Should you insure your vehicle at a higher sum than its market value, the maximum compensation you will receive is the market value of the vehicle as the policy owner cannot ‘profit’ from a motor insurance claim.
Duty of disclosure
You should disclose fully all material facts, including previous accidents (if any), modification to engines, etc.  When in doubt as to whether a fact is relevant or not, it is best to ask your insurance company.  If you fail to disclose any material fact, your insurance company may refuse to pay your claim or any claim made by a third party against you. In such cases, you are personally liable for such claims.
No-claim-discount
The renewal premium payable may be reduced if you have no-claim-discount (NCD) entitlement. NCD is a ‘reward’ scheme for you if no claim was made against your policy during the preceding 12 months of policy. Different NCD rates are applicable for different classes of vehicles. For a private car, the scale of NCD ranges from 25% to 55% as provided in the policy.
Insurance cover note/policy
When you purchase a motor policy, you will usually get a cover note. You should check your personal details as well as details of vehicle, insurance and premiums within one month from the date of cover note issuance, you should receive:
  • the Schedule which shows your name and address, details of the vehicle, the sum insured (for comprehensive policy & Third party, fire and theft cover), the period of insurance, the policy number, your NCD entitlement, premium breakdown, excess and named drivers;

  • the certificate of insurance which shows your name, vehicle model, registration number and cubic capacity, period of insurance, authorised drivers and limitations of use.  In some cases, this may be issued at the point of purchase in place of the cover note; and

  • a motor policy which shows the terms and conditions of cover provided by your insurance company.

If you do not receive your policy within one month, you should check with your insurance company.
"Prices may change without prior notice. Please contact us if you require further clarification."
 


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