Travel & Car
Enjoy comprehensive car insurance coverage at lower premiums.
Looking for a car insurance that offers you great value and benefits at affordable premiums? DriveShield car insurance, underwritten by MSIG Insurance, is the plan for you. Take advantage of our competitive rates and save on your premiums.
Get the latest DriveShield deals here
* In the event of accidental death of the policy holder while driving the insured vehicle. This benefit is applicable to Premier Plan only.
# For accident in West Malaysia or parts of Thailand within 80 kilometers of the border between Thailand and West Malaysia.
Whatever your needs, we've got the right plan.
When it comes to car insurance, we have you covered. Whether you're looking for great value or superior coverage, you can choose the plan that suits your needs best.
|Benefits||Value Plan||Premier Plan|
Flexibility to do accident repairs at any MSIG authorised workshop.
Freedom to engage your preferred workshop for accident repairs.
No restrictions on number of authorised drivers.
Up to S$5,000,000 third-party damage cover in the event of damage to third-party property while driving the insured vehicle.
Unlimited cover for windscreens and windows. Your no-claim discount will not be affected by claim(s) made.
Medical expenses of up to S$1,000 for the driver and each passenger in the car at the time of accident.
Loan Protection Benefit covering the outstanding car loan of up to S$200,000 in the event of accidental death of the policyholder while driving the insured vehicle.
Up to S$100,000 Personal Accident Benefit for the policyholder.
Drive without worrying about accidents or theft.
^ This helpline is managed by International SOS Pte. Ltd. ("ISOS"). DBS makes no warranty or representation towards the quality, merchantability or fitness for purpose of the goods and services of ISOS and/ or any other third party. Any dispute about the same must be resolved directly with ISOS and/ or the relevant third party. DBS is not an agent of ISOS and any other third party supplier and vice versa. By choosing to use the goods and services of ISOS and/ or any other third party, you agree that DBS is not liable for any loss, injury, claim or damage suffered or incurred arising from or in connection with the use of ISOS and/or any other third party's goods and services.
Eligibility to obtain a DriveShield Online Quotation
If you do not fulfill any of the above, please contact MSIG Insurance (Singapore) Pte. Ltd. at 6827 7608 for assistance.
You can purchase DriveShield with any of your credit cards or via direct debit from your POSB, UOB or Citibank internet banking account.
Click on 'eNETS Credit' at the Application Summary page.
You will then be redirected to the eNETS Credit gateway page. Enter your Name, Credit Card Number and Expiry Date then click 'Submit'.
Alternatively, you may log on to 'eNETS Credit' to enter your 'eNETS ID' and the 'PIN' and select your 'Credit Card Alias'.
You will be shown a pop-up box. Click on 'OK' if you want to continue with the transaction and 'Cancel' if you want to terminate the transaction.
When your transaction is successful, you will be provided with an electronic receipt. You can print out a copy for reference.
You will need your iBanking 'User ID' and 'PIN' from any of the following banks:
Select 'eNETS Debit' as your preferred payment option.
Select your preferred bank.
Enter your iBanking 'User ID' and 'PIN'. Click 'Submit' to authorise the transaction.
When your transaction is successful, you will be provided with an electronic receipt. You can print out a copy for reference.
No, this service is free of charge.
Your application for DriveShield will only be completed when your payment transaction is successful. Please remember to fax a copy of your Vehicle Log Card to MSIG Insurance at 6827 7805 within 3 days of your application.
You will receive an electronic receipt once your transaction has been successfully processed.
You will receive your DriveShield policy by mail within 7 business days once MSIG Insurance has received a copy of your vehicle Log Card and successfully processed your application.
You may contact MSIG Insurance at 6827 7607.
You may email the details of your technical problems to firstname.lastname@example.org or call NETS Call Centre at 6274 1322 during office hours.
We recommend the following:
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DriveShield is a comprehensive motor insurance product to cover your Singapore-registered private motor vehicle. There is a choice of two plans under DriveShield, the Value Plan or the Premier Plan.
Value Plan - All claims related to repairs must be carried out at any of the MSIG authorised workshops. There are more than 42 MSIG authorised workshops islandwide for your convenience.
Premier Plan - Drivers can choose their own workshop (including the manufacturer's agent in Singapore) for accident repairs. It also provides enhanced coverage such as personal accident benefits; transport allowance; new for old replacement and loan protection benefit.
The Premier Plan costs a little more than the Value Plan.
DriveShield is a comprehensive motor insurance covering:
This benefit pays the difference of up to S$100,000 between the market value and salvage value of the insured vehicle at the time of a total loss or construction total loss caused by an accident occurring within 12 months of its first registration. This benefit does not apply to total loss or constructive total loss caused by flood, theft or robbery of the insured vehicle.
Details may be found here: Policy Wording (Premier Plan)
This benefit pays the outstanding car loan up to S$200,000 in the event of the death of the policyholder within 3 months from an accident involving the insured vehicle. This benefit is only applicable to Premier Plan.
The windscreen benefit covers the cost of reinstating any glass in the windscreen or window(s) or glass roof of your car including the In-vehicle Unit (if applicable). There is an excess of S$100 per claim. The good news is windscreen cover claims do not affect your No Claim Discount entitlement.
The following services are provided purely on a referral or arrangement basis by Int. SOS. MSIG Insurance (Singapore) Pte Ltd and Int. SOS shall not be responsible for any third party expenses which shall be solely the Insured's responsibility:
Please refer to the Policy for full details of cover.
Emergency medical evacuation is provided by Int. SOS for the air and/or surface transportation for moving the Insured when in a Serious Injury, as a result of an accident arising from the use of the Motor Vehicle within the Geographical Area (excluding Singapore) to the nearest hospital where appropriate medical care is available. Int. SOS shall pay for the medically necessary expenses of such medical evacuation and repatriation incurred for up to $50,000. Please refer to the Policy for full details of cover.
An Excess is the first amount of any claim for which you have to bear. For example, if the claim amount is S$5,000 and your excess is S$500, you need to pay the first S$500 and the balance of S$4,500 can be claimed from your insurer. The excess applicable will be specified in your Policy Schedule.
Your vehicle will be insured up to its prevailing market value at the time of the loss or damage, unless otherwise specified.
Market value is the cost of replacing the motor car with a car of the same make and model similar in condition, specification, and age of the motor vehicle immediately prior to the accident. It is determined by the recent transactions sourced from publications such as newspapers, motoring guides and information from car dealers.
If you have accumulated 50% NCD, you may choose to buy protection against the loss of the discount, subject to payment of an additional premium.
With the NCD Protector benefit, you can make one claim during the policy year and still have your 50% NCD fully intact. If two claims are made within the same period, the NCD will reduce to 20% on renewal; if 3 or more claims are made within the same period, the NCD will reduce to zero on renewal.
Please note that the No Claims Discount Protector benefit:
Exchange particulars with other persons involved in the accident. Do take pictures of the damage of all vehicles and of the accident scene and record details of witnesses (if any).
Any accident must be reported within 24 hours or the next working day of the accident through MSIG Insurance's authorized workshops or at any Independent Damage Assessment Centre (IDAC).
You will be assured that DriveShield offers assistance round the clock with a 24-hour helpline. The friendly team can advise you in detail on what to do in the event of an accident. Other services include:
You can obtain a no-obligation motor quotation by clicking here, visiting any DBS branches or calling MSIG Insurance Customer Service at 6827 7608 (Mon-Fri, 8.45am - 5.30pm).
If you are satisfied with the DriveShield quotation, you may proceed to apply online. Alternatively, you may apply in-person at any DBS branches or MSIG Insurance's Customer Centre at 4 Shenton Way #21-01 SGX Centre 2 Singapore 068807. Remember to bring along a copy of your vehicle log card and your DBS VISA or Master credit cards to enjoy the promotion privileges.
Yes, you can cancel the policy by giving 7-days written notice to MSIG Insurance and can be refunded up to 80% of the unused proportion of the premium. Similarly, MSIG Insurance can cancel the policy by giving you 7-days written notice and refund you the unused proportion of the premium. Either way, there is no refund if the refund premium is less than S$25 or where a claim (including windscreen, window or IU claim) has arisen under the Policy.
If your No Claim Discount (NCD) is 30% or more, your Certificate of Merit (COM) from the Traffic Police entitles you to a 5% discount over and above your NCD. Please print a copy of your COM by logging on to http://www.ecitizen.gov.sg/ and present it with your application.
We recommend that you insure your car including COE and PARF.
If there is a total loss claim due to theft or severe damage, the insurer will pay the full market value of the vehicle prevailing at the time of the loss or damage, inclusive of COE and PARF values. You will not be required to make separate claims for these items from the Land Transport Authority (LTA).
If you prefer to insure without the COE and PARF, there is a 5% reduction of premium. In this case, you will have to make your own claim for the COE and PARF from LTA in the event of a total loss.
If you have accumulated 50% No Claim Discount (NCD), you can choose to buy protection against the loss of the NCD following one accident by paying an additional premium of 10%, subject to minimum of S$50 per annum. With this extension, you can make one claim during the policy year, and still have the 50% NCD fully protected. If there are two claims during the policy year, NCD is reduced to 20%. If there are three or more claims during the policy year, NCD is reduced to nil. Please note that Protected NCD entitlement is not transferable when you switch insurer.
If the Registered Owner applying for DriveShield is not driving the insured vehicle at all (e.g. no driving license), please call MSIG Insurance at 6827 7608 for a quotation. The quotation will be based on the profile of the main driver.
Not necessary. DriveShield covers any person who is driving the insured vehicle on the Policyholder's order or with his/her permission. They do not have to be named in the Policy.
This installment plan is offered exclusively to you by DBS Bank and subject to terms and conditions of your DBS VISA or MasterCard credit card. It helps you to spread your payment over 12 months with interest-free installment.
You may do so in your online application for DriveShield or in-person at MSIG Insurance Customer Centre.
All you need to do is to charge your DriveShield insurance premium to your DBS VISA or MasterCard credit card. If applying in person, please inform the MSIG Customer Service Officer serving you that you wish to pay by DBS 0% interest Installment Payment Plan.
The minimum amount for each transaction is S$500.
No, there are no other administration charges.
If you choose to pay by the DBS 0% interest Installment Payment Plan, each installment will be charged to your DBS VISA or MasterCard credit card account on a monthly basis over the selected installment period, which will be shown in your monthly DBS credit card statement of account.
If there is any premium refund to you (e.g. refund on policy cancellation) after you have signed up for the DBS 0% interest Installment Payment Plan, all such refunds will be payable by MSIG Insurance (Singapore) Pte Ltd to you directly in the form of cheque payment. In the meantime, you will continue to be billed under the DBS 0% interest Installment Payment Plan until the full outstanding amount is settled.
MSIG Insurance (Singapore) Pte Ltd will settle any valid claims under your Motor Policy with you directly. Hence, you will continue to be billed under the DBS 0% interest Installment Payment Plan until the full outstanding amount is settled.
Subject to the terms and conditions of your credit card, you will continue to receive your monthly statements with the remaining installment billed to you until the full outstanding has been settled.
When lodging an accident report at any IDAC centre or our approved reporting centre/authorised workshops
When making a repair claim for your vehicle within the authorised repair limit
When making a medical benefits claim for you and/or your passengers
When making a Personal Accident Claim
When making a third party property damage claim
When making a third party bodily injuries claim
When making a claim on your windscreen
DriveShield is underwritten by MSIG Insurance (Singapore) Pte. Ltd. (MSIG) and distributed by DBS Bank Ltd. MSIG Insurance is one of Singapore's leading general insurers and a member of the MS&AD Insurance Group, the largest general insurer in Japan.
DriveShield is underwritten by MSIG Insurance (Singapore) Pte. Ltd. (“MSIG Insurance”) and is distributed by DBS Bank Ltd (“DBS”). It is not an obligation of, deposit in or guaranteed by DBS. This is not a contract of insurance. Full details of the terms, conditions and exceptions of this insurance are provided in the Policy and will be sent to you upon acceptance of your application by MSIG Insurance.
This Policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). For more information on the scheme, please visit the General Insurance Association or SDIC websites.