• OCBC Car Insurance

    OCBC offers a choice of two comprehensive car insurance products that will give you peace of mind from the second you take your car out of the driveway.

    Type of Car Insurance Products:

    • AutoWise.
    • SmartDrive.

    AutoWise:

    OAC AutoWise is a motor insurance policy that provides cover for accidental damage or loss of your vehicle. Additionally, the policy also offers cover for any legal liabilities if incurred from property damage or third party injury.

    Features and Benefits:

    • Compensation for death or physical disability due to an accident with personal accident cover of up to S$50,000.
    • Coverage for the cost of repair/replacement of broken glass or windscreen with windscreen cover which provides unlimited reinstatements + S$100 excess for every claim.
    • Loss of use, an optional rider that will provide compensation when you are unable to use your vehicle when still being repaired due to an accident and covered by your policy. Under the loss of use rider, you will receive S$80 every day for up to 7 days.

    Types of AutoWise motor insurance plans:

    • Comprehensive Authorized Workshops.
    • Comprehensive Any Workshop.
    • Third Party Fire & Theft.
    • Third Party only.

    Coverage provided under the different AutoWise motor insurance plans:

    • Comprehensive Authorized Workshops provides cover for the following:
      • Accidental damage to an insured vehicle or accidental loss of a vehicle up to market value.
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • Up to S$500 in reimbursement of medical expenses.
      • Up to S$50,000 cover as personal accident benefit.
      • Coverage for towing charges after an accident
      • Own damage excess at authorized workshop. (Covered and Waiver of Standard Excess apply).
      • Windscreen cover.
      • Loss of use cover.
      • NCD protector.
    • Comprehensive Any Workshop provides cover for the following:
      • Accidental damage to an insured vehicle or accidental loss of a vehicle up to market value.
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • Up to S$500 in reimbursement of medical expenses.
      • Up to S$50,000 cover as personal accident benefit.
      • Coverage for towing charges after an accident.
      • Windscreen cover.
      • Own damage excess at authorized workshop. (Covered and Waiver of Standard Excess apply).
      • Own damage excess at non-authorized workshop.
      • Own damage excess at Dealers’ workshop.
      • Loss of use cover.
      • NCD protector.
    • Third Party Fire & Theft provides cover for the following:
      • Accidental damage to an insured vehicle or accidental loss of a vehicle. (Cover up to market value).
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • NCD protector.
    • Third Party only provides cover for the following:
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • NCD protector.

    SmartDrive:

    AXA SmartDrive provides coverage up to the market value of your vehicle instead of the sum assured, thereby providing you with reimbursement up to the market value of your car in case of total loss on account of severe damage or theft.

    Features and Benefits:

    • Compensation for death or physical disability due to an accident with personal accident cover of up to S$30,000.
    • Coverage for the cost of repair/replacement of broken glass or windscreen with windscreen cover which provides unlimited reinstatements with no excess.
    • Loss of use, an optional rider that will provide compensation when you are unable to use your vehicle when still being repaired due an accident and covered by your policy. Under the loss of use rider, you will receive S$50 every day for up to 5 days if the repair will take more than 4 days.

    Types of SmartDrive motor insurance plans:

    • Comprehensive with AXA Premium Workshops.
    • Comprehensive with any workshop.
    • Third Party Fire & Theft.
    • Third Party Only.

    Coverage provided under the different SmartDrive motor insurance plans:

    • Comprehensive with AXA Premium Workshops provides cover for the following:
      • Accidental damage to an insured vehicle or accidental loss of a vehicle. (Cover up to market value).
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • Up to S$500 in reimbursement of medical expenses.
      • Up to S$30,000 cover as personal accident benefit.
      • Coverage for towing charges after an accident.
      • Own damage excess at authorized workshop. (Covered and Waiver of Standard Excess apply).
      • Windscreen cover with unlimited reinstatements + no excess.
      • Loss of use cover.
      • NCD protector.
    • Comprehensive with any workshop provides cover for the following:
      • Accidental damage to an insured vehicle or accidental loss of a vehicle up to market value.
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • Up to S$500 in reimbursement of medical expenses.
      • Up to S$20,000 cover as personal accident benefit.
      • Coverage for towing charges after an accident.
      • Windscreen cover with unlimited reinstatements + no excess.
      • Own damage excess at authorized workshop. (Covered and Waiver of Standard Excess apply).
      • Own damage excess at non-authorized workshop.
      • Own damage excess at Dealers’ workshop.
      • Loss of use cover.
      • NCD protector.
    • Third Party Fire & Theft provides cover for the following:
      • Accidental damage to an insured vehicle or accidental loss of a vehicle. (Cover up to market value).
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • Coverage for towing charges after an accident.
      • NCD protector.
    • Third Party Only provides cover for the following:
      • Unlimited cover for bodily injury or death.
      • Up to S$5 million due to damages to property.
      • NCD protector.

    Applying for OCBC Car Insurance:

    • AutoWise: To get a quote and apply for AutoWise motor insurance or file a claim, call the bank on the respective numbers provided on the Car Insurance web page of the official OCBC Singapore website.
    • SmartDrive:
      • To get a quote and apply for SmartDrive, call the bank on the number provided on the Car Insurance web page of the official OCBC Singapore website.
      • For claims, you can apply online on the link provided on the Car Insurance web page of the official OCBC Singapore website. You will be directed to a third party website where you can file a claim online.

    Frequently Asked Questions:

    1. Can AutoWise be used to insure a commercial vehicle?

      No. AutoWise can only be used to insure a private vehicle.

    2. What is NCD?

      NCD refers to “No Claims Discounts” and is used to lower a policy premium. Each policy year if 0 claims are made, the NCD will increase by 10% every year (up to a maximum of 50%). All insurers in the industry recognize NCD.

    3. What does “Excess” mean?

      Excess refers to the first amount of a claim that will be paid by the insurer (you). For instance, if you have an excess of S$500 and the cost for total repair is S$2500, you (the insured) will have to pay the excess amount of S$500 and your insurer will pay the remaining amount of S$2,000.

    4. After applying for an OCBC Car Insurance, how will I receive my policy contract?

      After successful application for an OCBC Car Insurance, the policy documents will be mailed directly to the mailing address provided on your application form.

    5. How do I renew my motor insurance policy?

      You will receive a renewal notice from the bank 2 months before the expiry of your policy. You can then contact the bank and renew your contract accordingly.

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