Premier Plan provides comprehensive coverage with added protection for accidental damage and loss to your car, and third party liability. Under the plan, you have the option to have accident repairs done at HSBC Insurance's appointed workshops or at the distributor's workshops if your car remains under the manufacturer's original warranty.
Unique benefits for Premier Plan
Exclusive! - for HomeTeam NS members only S$30 Cash Compensation for loss of use for up to 10 days+.
In the event your car is laid up in the workshop for repairs arising from accidents, we will pay $30 per day for up to 10 days for loss of use of your car.
100% compensation with New-for-Old car replacement
In the event of a total loss due to accident, we will pay you the sum incurred to purchase a brand new car (of the same make and model) if your car is less than 12 months old.
Higher personal accident coverage of up to S$50,000 for the Insured
In the event of death or permanent disability due to an accident whilst traveling in any private motor car.
Up to S$1,500 for medical expenses
Medical reimbursement up to S$1,500 per person for you and your passengers.
Additional S$1,000 compensation benefit for expenses incurred due to car theft
Up to S$500 for loss of personal items in your car arising from theft or break-in.
Excess waiver for accident repairs*
Full waiver of up to S$2,000 of your policy excess if you are entitled to 40% or 50% of No Claim Discount (NCD). 50% waiver of your policy excess if your NCD is less than 40%.
Use of courtesy car
Available at HSBC Insurance's appointed workshops#.
Classic Plan provides comprehensive coverage for accidental damage and loss to your car, and third party liability. Under the plan, claims related repairs must be carried out at HSBC Insurance's appointed workshop.
Unique benefits for Classic Plan
Up to S$20,000 personal accident coverage for the Insured
In the event of death or permanent disability due to an accident whilst traveling in any private motor car.
Up to S$500 for medical expenses
Medical reimbursement up to S$500 per person for you and your passengers.
Note: + This Promotion is not applicable to vehicles currently insured with HSBC Insurance (Singapore) Pte. Limited. + This Promotion will not apply in conjunction with other affinity program or promotions applicable to your policy. + Refer to policy contract for details.
* Applicable for accident repairs at HSBC's appointed workshops. # Use of courtesy car is subject to availability and is not applicable to windscreen repairs.
Standard Coverage for Premier and Classic Plans
• Unlimited windscreen coverage (S$100 plus GST excess applies).
• Personal accident coverage for passengers and other drivers at S$10,000 per person, and up to a total of S$60,000.
• Coverage for your passengers against their potential negligence towards third parties.
• Coverage for malicious damages to your car due to strikes, riots and civil commotion.
• Coverage for damages to your car arising from convulsions of nature such as a typhoon, tsunami, earthquake, windstorm and flood.
• 24-hour accident assistance hotline.
• Six month warranty on all repairs at our appointed workshops.
• Free accident towing service with our 24-hour accident assistance hotline.
• Free car collection and delivery provided by our appointed workshops.
• Free car cleaning before collection at our appointed workshops.
Optional Coverage for Premier and Classic Plans
Loss of use coverage for up to 10 days
In the event your car is laid up in the workshop for repairs arising from accidents, we will guarantee a replacement car (engine capacity 1500 - 1600cc) for up to 10 days when you take up loss of use coverage.
Loss of use coverage
Additional premium (incl. prevailing GST)
1500 - 1600cc
S$53.50
No Claim Discount (NCD) Protection+
If you are enjoying 50% NCD entitlement, you can protect your NCD entitlement by taking up NCD Protection for an added level of coverage for the next claim you make.
An illustration of how NCD Protection works for an Insured with a 50% NCD:
Number of claims made during period of insurance
NCD entitlement on renewal of policy
Zero
At 50%
One
Remains at 50%
(Instead of 20% without NCD Protection)
Two
Reduces to 20%
(Instead of 0% without NCD Protection)
Three or more
Nil
NCD Protection premium table
Types of coverage
Annual premium (incl. Prevailing GST)
Premier plan
S$100
Note: + NCD that is protected under NCD protection is not transferable to any other insurer on a transfer of the Policy to another insurer.
Benefits and coverage at a glance
AutoSurance benefits
Premier Plan
Classic Plan
100% Compensation with New-for-Old replacement+
In the event of total loss due to accident, we will pay the sum
incurred to purchase a brand new car (of the same make and model)
if your car is less than 12 months old
Replacement of expenses for car lost by theft
Receive S$1,000 compensation benefit for expenses incurred due to car theft
Windscreen cover
Unlimited windscreen cover (S$100 plus GST excess applies)
Personal accident benefits
For policyholder
Up to S$50,000
Up to S$20,000
Loss of Use $30/- per day for up to 10 days
For passengers and other driver (other than Policyholder) at S$10,000 per person, up to a total of S$60,000
Medical reimbursement
Per injured person
Up to S$1,500
Up to S$500
Loss of personal items#
Up to S$500
24-hour accident towing
Appointed workshop scheme
i) All accident repairs must be carried out at HSBC Insurance's
appointed workshops.
ii) Car under manufacturer's original warranty can be repaired at the distributor workshops.
Excess*
Waiver of Excess (up to S$2,000) for repairs at HSBC Insurance's
appointed workshop:
Full waiver - if your NCD is 40% or 50% NCD
50% waiver - if your NCD is 30% NCD & below
Use of courtesy car
Available at HSBC Insurance's appointed workshop (not applicable
for windscreen repairs and subject to availability)
Note: + Applicable to 4 and 5-door saloon vehicles. # Exclude money, jewellery, articles of gold and silver watches, handphone, and other monetary instruments.
* Excess terms and conditions apply. Refer to the policy document for list of exclusions.
Important notes
AutoSurance is underwritten by HSBC Insurance (Singapore) Pte. Limited, 10 Eunos Road 8, #11-01 Singapore Post Centre Singapore 408600. Company registration no. 195400150N.
This webpage contains only general information. The specific terms, exclusions and conditions applicable to this insurance are described in the Policy which will only be issued upon acceptance of the Proposal Form. A copy of the Policy is available for inspection at HSBC Insurance (Singapore) Pte. Limited. A person interested in this product should consider whether the product is suitable before making a commitment to purchase the product.
HSBC Insurance (Singapore) Pte. Limited's authorised agents or distributors, including The Hongkong and Shanghai Banking Corporation Limited (together "the Agents") are neither the underwriter nor broker for the customer. To the fullest extent permissible pursuant to applicable law, the Agents make no warranties or representation as to the accuracy, correctness, reliability or otherwise of the content of this webpage. Under no circumstances, including, but not limited to negligence, shall the Agents or any party involved in creating, producing or delivering the webpage be liable to you for any direct, incidental, consequential, indirect, or punitive damages that result from the use of, or the liability to use, the information in this webpage, even if the Agents have been advised of the possibility of such damages.
The Agents and/or their employees will receive a commission from HSBC Insurance (Singapore) Pte. Limited in respect of this transaction. The Agents are not suppliers of the products and services and will not accept liability in relation thereto.
Issued by HSBC Insurance (Singapore) Pte. Limited.
