This is a Land Transport Authority (LTA) requirement to ensure there is valid insurance covering the full road tax period.

Market value is the cost of replacing your vehicle with a car of the same make and model; similar in condition, specification and age of the vehicle immediately before the accident. This can be determined from multiple sources: newspapers, motoring publications and motor car dealers.

Yes, it is compulsory in Singapore to purchase Motor Insurance.  The minimum coverage required is third party only insurance.  As this only covers third parties, most drivers opt for a comprehensive motor insurance product to cover their vehicle, their person and third party injury and damage. 

Should you have a medical emergency, accident or unexpected illness while travelling, comprehensive policies offer reimbursement for relevant medical expenses, subject to policy limits.

Depending on the policy, most extreme sports are covered, so long as the insured engages in the sport for leisure purposes only. Exclusions typically apply for: racing or if any sponsorship, award, payment or prize is received for the activity.

For annual plans, you are covered for unlimited trips for a maximum number of 90 days per trip. For single-trip plans, the maximum number of days per trip is usually 182. Extensions can be arranged for either plan, if needed.

When calling the 24-hour emergency assistance hotline, please provide the following information:
-Your Name
-Your Policy Number
-Your Current Location
-A description of your condition or symptoms and the nature of assistance you require

Yes, but not every insurance company will provide coverage for foreigners with this visa.

The 30 critical illnesses covered are:

- Major Cancers

- Heart Attack

- Stroke

- Coronary Artery By-Pass Surgery

- Kidney Failure

- Aplastic Anaemia

- Blindness (Loss of Sight)

- End Stage Lung Disease

- End Stage Liver Failure

- Coma

- Deafness (Loss of Hearing)

- Heart Valve Surgery

- Loss of Speech

- Major Burns

- Major Organ/Bone Marrow Transplantation

- Multiple Sclerosis

- Muscular Dystrophy

- Parkinson’s Disease

- Surgery to Aorta

- Alzheimer’s Disease/Severe Dementia

- Fulminant Hepatitis

- Motor Neurone Disease

- Primary Pulmonary Hypertension

- Progressive Scleroderma

- HIV Due to Blood Transfusion and Occupationally Acquired HIV

- Benign Brain Tumor

- Encephalitis

- Bacterial Meningitis

- Major Head Trauma

- Angioplasty and Other Invasive Treatment for Coronary Artery

Some medical plans cancel within a certain number of days after you leave Singapore. Other medical insurance covers you on the same policy, with no additional premium until your renewal. The insurer may then invite renewal at a different premium rating depending on your country of residence.

Most comprehensive medical insurance products offer worldwide coverage in the case of accidents or emergencies. The option to choose to undergo treatment outside of Singapore is a unique feature of a select few products in the market. It’s important to know whether you are covered for medical treatment you may seek while outside of Singapore.

Depending on the insurer, the condition and your profile, terms may be offered to extend coverage for certain pre-existing conditions. In this instance, coverage can be extended to cover the condition with the payment of additional premium.

Yes. Typically, small additional premium ratings are charged for insuring these types of items. It’s important to check your Limits per item to avoid being underinsured in the case of a loss.

This is a common question that often bares a shocking answer, as most insurers offer limited coverage for expensive valuables. Typically, most Home Insurance policies in Singapore exclude unexplained loss or mysterious disappearance. This means that unless you can prove the item was stolen, coverage might not apply. To avoid such uncertainty, make sure your Home Insurance does not have such an exclusion.

To the surprise of many claimants, most insurers do not automatically cover your belongings on a worldwide basis. So, if you lose your watch while abroad, coverage might not apply. It’s important to make sure you choose an insurer who provides worldwide cover.