• Standard Chartered Motor insurance

    Standard Chartered Car Insurance

    Standard Chartered is one of the best banks across the globe and offers attractive financial products. Ultimate Car Protector is the motor insurance plan offered by this bank. The plan is underwritten by MSIG Insurance Private Limited, Singapore. The plan provides comprehensive protection to you and the car.

    Types of Standard Chartered Motor Insurance:

    There are two types of motor insurance offered by Standard Chartered Bank. They are as follows:

    • Classic Plan.
    • Premier Plan.

    Features and Benefits of Standard Chartered Motor Insurance:

    Standard Chartered Motor Insurance comes with several benefits and features that can prove to be extremely lucrative for the customers.

    Classic Plan:

    • Avail unlimited coverage in the event of bodily injuries.
    • For any damage to property, you can avail coverage of S$5,000,000.
    • In the event of a personal accident, you can avail S$20,000 as coverage when you are the policyholder.
    • A passenger or an authorized driver can avail S$10,000 per person as coverage, as personal accident benefit.
    • For medical expenses, you as a policyholder can avail coverage of up to S$1,000.
    • A passenger or an authorized driver can avail S$1,000 per person as coverage, for medical expenses.
    • You may choose any workshop authorized by MSIG for the repairs of your car.
    • Avail auto reinstatement of windscreen in case of a breakage. However, you will have to pay S$100 for every claim you make.
    • In case of emergency medical evacuation and repatriation, inside the geographical area you can avail coverage of S$50,000.
    • Avail different services like roadside assistance, emergency towing, locksmith referral, vehicle repatriation and police report notification.

    Premier Plan:

    • Avail unlimited coverage in the event of bodily injuries.
    • For any damage to property, you can avail coverage of S$5,000,000.
    • In the event of a personal accident, you can avail S$20,000 as coverage when you are the policyholder.
    • A passenger or an authorized driver can avail S$10,000 per person as coverage, as personal accident benefit.
    • For medical expenses, you as a policyholder can avail coverage of up to S$1,000.
    • A passenger or an authorized driver can avail S$1,000 per person as coverage, for medical expenses.
    • You may choose any workshop authorized by MSIG for the repairs of your car.
    • Avail auto reinstatement of windscreen in case of a breakage. However, you will have to pay S$100 for every claim you make.
    • In case of emergency medical evacuation and repatriation, inside the geographical area you can avail coverage of S$50,000.
    • Avail different services like roadside assistance, emergency towing, locksmith referral, vehicle repatriation and police report notification.
    • You can enjoy transport allowance of S$50 per day for a period of 5 days when you vehicle does to the workshop for repairs after an accident. The payment initiates from the first day at the repair workshop.
    • Enjoy Gap Cover which pays up to S$100,000 between the present value of the car and the outstanding loan amount in the event of constructive total loss or total loss.
    • With Loan Protection Benefit, S$100,000 can be availed in case of accidental death where the insured vehicle is also associated.

    Additional Features:

    • Enjoy unlimited coverage for your car windows and windscreen.
    • In the event of theft or collision of the car that you rented overseas, the policy pays for an excess of S$500. This benefit can be availed with Premier Plan only.

    Promotional Offers:

    • Classic Plan:
      • Runtime – This is an ongoing promotional offer.
      • Particulars – Apply for the Classic Plan and avail a cash rebate of S$120.
      • Terms and Conditions – Please get in touch with the bank to know more about the terms and conditions of this particular promotional offer.
    • Premier Plan:
      • Runtime – This is an ongoing promotional offer.
      • Particulars – Apply for the Classic Plan and avail a cash rebate of S$160.
      • Terms and Conditions – Please get in touch with the bank to know more about the terms and conditions of this particular promotional offer.

    Frequently Asked Questions

    1. How to apply for Standard Chartered Motor Insurance?

      If you wish to apply for the Ultimate Car Protector Plan offered by Standard Chartered and underwritten by MSIG, you can do so online. All you need to do is visit the official website of the bank and apply for the plan there. You may also walk into a nearby branch of Standard Chartered Bank to apply for this plan.

    2. Can the policy be cancelled?

      Yes, you may choose to cancel the policy. In order to do so, you must give MSIG a seven day notice period. MSIG can also cancel the policy by giving you a notice period of seven days.

    3. Do I have to insure PARF and COE?

      It is always advisable that you get your car insured including PARF and COE.

    4. What happens when the registered owner of the car is not driving?

      In case the registered owner of the vehicle is not driving it then you must give a call to MSIG Insurance to get a quotation. The quotation will depend on the main driver’s profile.

    5. How to get a motor quotation?

      To get a motor quotation, you can visit the official website of Standard Chartered Bank anytime you like. You may also visit a branch of Standard Chartered Bank and speak with a representative to get a quotation. Alternatively, you may call up the customer care department of MSIG for a quotation.

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