Fidelity Guarantee
Designed to safeguard you in the event of any fraudulent or dishonest acts committed by your employees.
About Fidelity Guarantee
Fidelity Guarantee insurance safeguards yourself against financial loss – stay protected by covering a direct financial loss by any act of forgery, fraud, dishonesty by your employees.
Riots and strikes
Exclusively for our policyholders – Enjoy free NCD Protection benefit with 10% NCD and above.
Malicious damage
Enjoy waiver of excess for own damage claims at any authorized workshops.
Standard explosion
Renew your motor insurance with us and receive up to 10% discount.
Vehicle impact damage
Renew your motor insurance with us and receive up to 10% discount.
Aircraft damage
Choose to enhance your coverage with our Loss of Use or Protection Package Benefit.
Bursting or overflowing of water tanks, apparatus or pipes
Choose to enhance your coverage with our Loss of Use or Protection Package Benefit.
Earthquakes, volcanic eruptions, typhoons, windstorms and floods
Choose to enhance your coverage with our Loss of Use or Protection Package Benefit.
Protected up to specified limits by SDIC.
Useful Tips
Is motor insurance mandatory in Singapore?
Driving a motor vehicle without a valid motor insurance plan to cover third-party physical harm is against the law in Singapore. Having a motor insurance plan in place not only protects you against third-party liability, it also reimburses you if you accidentally cause damage to your own car or someone else’s property.
What information should I consider when choosing a motor insurance provider?
- The premium payable and excess applicable
- Unnamed drivers (including young and inexperienced) excess
- The types of coverages (Comprehensive/Third Party/Third Party Fire and Theft)
- Driver restrictions (if any)
- Workshop restrictions
- List of approved repair workshops
- Non-standard exclusions
- Accident reporting and claims filing procedures
- Cancellation and refund policy
How does the motor insurance provider calculate my policy’s premium?
Most motor insurance providers in Singapore use a “risk factor rating system” when calculating your policy’s premium. The premium is calculated based on these factors:
- Profile of the vehicle
- Profile of the driver(s)
- Usage of vehicle
- Type of cover required
- History of claims
- No Claim Discount entitlement
What information do I need to give my motor insurance provider?
To better assess your risk and set an appropriate premium, the motor insurance provider will need some basic information:
- Your age
- Usage of your vehicle
- Make, model and year of make/registration of your vehicle
- Any other person(s) driving the vehicle beside you
- Recent motor accident claims (if any) including all vehicles owned or driven by you in the last 3 years.
- NCD entitlement
- Has the vehicle been modified? Please provide details of modifications
- Years of Driving experience in Singapore
- Existing medical conditions or physical impairment that may affect the driving of car (if any)
