AMTD PolicyPal Pick the ideal choice among Singapore’s car insurance favourites – MSIG MotorMax, Singlife Car Insurance, and FWD Car Insurance.
When it comes to car insurance in Singapore, three major players stand out: MSIG MotorMax, Singlife Car Insurance, and FWD Car Insurance.
Whether prioritising extensive coverage, round-the-clock support, or cost-effectiveness, each insurance provider has compelling features for consideration. By assessing their unique features and benefits, you can make an informed decision to ensure you’re well-protected on the road.
Related: Best Car Insurance Plans in Singapore
MSIG MotorMax, Singlife Car Insurance, and FWD Car Insurance Core Benefits Comparison
The table below shows the primary benefits for all three insurers. This includes cover for personal accident, medical expenses, third-party liability, geographical coverage, and more.
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Insurance Benefit |
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Personal Accident |
Policyholder MotorMax: S$20,000 MotorMax Plus: S$100,000 Authorised Driver and/or Passenger (up to legal seating capacity) MotorMax: S$10,000 each MotorMax Plus: S$50,000 each |
PolicyHolder Benefits: Death Motor Standard: S$50,000 Motor Prestige: S$100,000 For loss of limb and loss of sight/hearing in one eye/ear Motor Lite: Not available Motor Standard: S$25,000 Motor Prestige: S$50,000 |
Driver (Pay-out if the driver of the insured car dies or becomes permanently disabled from an accident) Classic: Up to S$30,000 Executive: Up to S$50,000 Prestige: Up to S$75,000 Passenger (Pay-out for each passenger in insured car who dies or becomes permanently disabled from an accident) Classic: Up to S$10,000 Executive: Up to S$20,000 Prestige: Up to S$25,000 One-time payment for surviving children if both parents die or are permanently disabled in a car accident Classic: Up to S$250,000 Executive: Up to S$375,000 Prestige: Up to S$500,000 |
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Medical Expenses |
Policyholder Up to S$1,000 Authorised Driver and/or Passenger Up to S$1,000 each |
If the policyholder or any of the passengers in your car are injured in an accident Motor Lite: S$500 Motor Standard: S$2,500 Motor Prestige: S$5,000 |
Medical expenses in case of a car accident (per occupant) Classic: Up to S$1,000 Executive: Up to S$3,000 Prestige: Up to S$5,000 |
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Liability to Third Parties |
Death or Bodily Injury to Any Person Unlimited Damage to Property S$5,000,000 |
Coverage for death or injury to another person, including passengers Unlimited Coverage for legal charges with Singlife’s consent Unlimited Damage to third party’s property Up to S$5 million |
Legal costs if you are sued for damage caused by your car Up to S$3,000 Cover for accidental damage to someone’s property caused by your car Up to S$5,000,000 Cover if you’re legally responsible for someone’s death or injury caused by your car Unlimited |
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Workshop of Choice |
MotorMax: MSIG-authorised workshops MotorMax Plus: Any workshop |
Motor Lite: Approved repairer only Motor Standard: Any repairer (excess will be doubled if done at a non-approved repairer) Motor Prestige: Any repairer |
FWD Classic/Executive/ Prestige: Covers repairs or replacement of damaged car parts done at FWD premium workshops and Extended workmanship guarantee (for repairs done by FWD premium workshops) |
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Transport Allowance |
MotorMax: Not covered MotorMax Plus: S$60 per day, maximum of 10 days |
Motor Prestige Only: S$80 per day, maximum of 10 days |
Classic: S$40 per day, Up to 6 days Executive: S$60 per day, Up to 8 days Prestige: S$80 per day, Up to 10 days Courtesy car until repair is completed, or for up to three months if damaged beyond repair or permanently lost (Executive and Prestige only) |
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New for Old Replacement and Repair or Replacement |
MotorMax: Not covered MotorMax Plus: Covered* |
If the accident repair cost is >70% of its market value, and you bought your car when it was brand new, and the accident occurred within the specified period mentioned in the policy. Period: Motor Lite & Motor Standard: 12 months Motor Prestige: 24 months |
New car replacement for cars less than 12 months old (if the car is written off or permanently lost) Repair or replacement if your car is accidentally damaged, lost or stolen |
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Loan Protection |
MotorMax: Not covered MotorMax Plus: Up to S$100,000 |
Not covered |
Not covered |
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Windscreen Protection |
Auto reinstatement Due to breakage, subject to an excess of S$100 for each claim *Excess is waived where repair to the windscreen is done instead of a replacement |
Unlimited windscreen (glass) replacement cover if done at approved repairers. Otherwise, up to S$0 for Motor Lite, up to S$600 for Motor Standard and Unlimited for Motor Prestige. The number of windscreen claims Motor Lite: One Motor Standard and Motor Prestige: Unlimited Windscreen Access Motor Lite: S$100 Motor Standard: S$100 Motor Prestige: S$0 |
Windscreen repair or replacement (S$100 excess for replacement) |
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24-hour helpline |
Available |
Available |
Available (roadside assistance for accidents and car breakdowns) |
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Geographical Coverage |
Covers Singapore, West Malaysia and the part of Thailand within 80 kilometres of the border between Thailand and West Malaysia. |
Covers the use of your car in Singapore, West Malaysia and Peninsula Thailand (up to 80 km from the border with West Malaysia). |
Covers Singapore, West Malaysia (including Penang and other Malaysian islands offshore of West Malaysia) and Southern Thailand (within 80km of its border with West Malaysia) and when in transit by seas between any of these areas. |
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Emergency Medical Evacuation & Repatriation |
Emergency medical evacuation and repatriation of the Policyholder for accidents within the Geographical Area* (excluding Singapore) in connection with the Insured Vehicle S$50,000 |
Not covered |
Optional Benefits – Overseas boosters with additional premiums |
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Promotions |
1 April to 30 April 2024 Exclusive AMTD PolicyPal Group Promotion New to MSIG customers MotorMax: Get S$38 Rewards via PayNow and S$100 e-vouchers from MSIG when you buy now. Motormax Plus: Get S$58 Rewards via PayNow and S$120 e-vouchers from MSIG when you buy now! |
24 April to 30 April 2024 Exclusive AMTD PolicyPal Group Promotion Use promo code CAR23 to get a 23% discount (new business only) when you buy now |
8 April to 30 April 2024 Exclusive AMTD PolicyPal Group Promotion Comprehensive Plans only: Use Promo Code “POLICYPAL” to get 10% off
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Source: MSIG, Singlife, FWD, AMTD PolicyPal
*terms and conditions apply
Based on the table, MotorMax Plus provides exclusive loan protection for up to S$100,000. FWD car insurance offers policy owners a courtesy car for certain conditions under its Executive and Prestige plans.
Finally, Singlife car insurance provides the longest new-for-old car replacement for up to 24 months (provided the accident repair cost is over 70% of its market value, you bought your car when it was brand new, and the accident occurred within the specified period).
What are the additional and optional covers MSIG MotorMax, Singlife Car Insurance, and FWD Car Insurance provide?
Next, let’s explore the additional and optional benefits offered by MSIG MotorMax, Singlife Car Insurance, and FWD Car Insurance.
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Benefit Type |
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Additional Benefits |
For electric cars (MotorMax Plus Only) Emergency towing services when your electric vehicle runs out of electricity during use, subject to S$50 for each service engaged through our Auto Assistance hotline Medical Expenses to cover the Policyholder, authorised driver, and/or passenger injured by electric shock as a result of an electric vehicle battery leakage: S$2,000 each Replacement of Car Lock and Keys: S$250 |
Accident loss, fire or damage The insurer will cover up to the car’s market value, including the COE. Manufacturer-fitted car accessories and audio equipment are covered for an unlimited amount. Additional excess for young and/or inexperienced drivers If the driver (including policyholder) is aged 24 and below or has held a valid driving licence for less than 2 years Motor Lite and Motor Standard: S$2,500 Motor Prestige: S$0 Unlimited towing service to the nearest accident reporting centre On-site accident reporting at the scene in Singapore (Motor Standard and Motor Prestige only) Pick up from accident location (Motor Standard and Motor Prestige only) Personal Belongings cover for losses arising from the insured car due to fire, theft or an accident Motor Standard: S$1,000 Motor Prestige: S$3,000 Child seat coverage for up to S$250 for damage to a fitted child seat in your car due to an accident, fire or theft Emergency breakdown assistance (Motor Standard and Motor Prestige only) No Claims Discount (NCD) Step Down for each and every claim Motor Lite: 30% Motor Standard: 10% Motor Prestige: 10% 5% safe driver discount |
Standard excess each time your car is accidentally damaged. Amount varies depending on the car make and model, from S$750 Towing cost cover if your car is damaged or unsafe to drive Classic: S$300 Executive: S$400 Prestige: S$500 Safe travel after an accident Classic: S$40 per occupant Executive: S$60 per occupant Prestige S$80 per occupant Repair or replace your accessories if they are damaged, lost or stolen Classic: S$500 Executive: S$1,000 Prestige: S$2,000 Replacement of damaged, lost or stolen keys and locks Classic: Not covered Executive: S$500 Prestige: S$1,000 Replacement of damaged, lost or stolen personal belongings Classic: Not covered Executive: S$1,000 Prestige: S$2,000 Additional excess each time your car is accidentally damaged by a driver under 27 years old S$2,500 Any driver you trust to drive your car is covered (Executive and Prestige only)
Your preferred workshop Classic/Executive/ Prestige: Pick the repair workshop of your choice apart from FWD’s list of premium workshops. |
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Optional Benefits |
Excess Waiver Waives the standard policy Excess for the first 2 claims during the policy year NCD Protector Protects the policyholder’s NCD entitlement in the event of a claim. Applicable to policyholders of 30% NCD or higher. |
NCD Protector Loss of use cover Additional personal accident cover Loss of keys |
Overseas booster Additional towing to get the insured car back to Singapore S$500 Mortal remains repatriation S$50,000 per deceased Emergency expenses to send policyholder back to Singapore S$1,000 NCD Protector Protects Your NCD of 30% to 40% (for one “at fault” claim) Cover for Any Driver You Trust who drives your car without you naming them Your Preferred Workshop apart from FWD’s list of premium workshops Waive Your Young Driver Excess of S$2,500 for drivers under 27 years of age |
Source: MSIG, Singlife, FWD, AMTD PolicyPal
How do the additional benefits stack up?
These are some value-added coverages MSIG, Singlife, and FWD extend to their policyholders, which you can consider when picking between the three insurers.
MSIG
MSIG MotorMax extends its coverage to include electric vehicles, including key services like emergency towing services if your car runs out of electricity.
Singlife
Singlife provides child seat coverage for risk exposure to an accident, theft or fire and a 5% safe driver discount.
FWD
FWD also covers safe travel after an accident and the replacement of damaged, lost or stolen personal belongings, keys, and locks under its Executive and Prestige plans.
How do the optional benefits stack up?
All three insurers provide these benefits for individuals looking for customised car insurance coverage.
MSIG
MSIG’s optional benefits are ideal for individuals seeking to protect their NCD percentage via its NCD cover when a claim kicks in (for NCDs at 30% and more).
Singlife
Singlife offers four optional benefits, including NCD protection, loss of car keys, and additional personal accident cover.
FWD
The highlight of FWD’s optional car insurance protection is its overseas booster. Key features for this benefit include the repatriation of mortal remains to Singapore at S$50,000 per deceased, additional towing for up to S$500 to get your car back to Singapore, and emergency expenses for up to S$1,000 to get you back to Singapore too.
Related: Best Travel Insurance in Singapore 2024
What’s your car insurance pick?
Selecting the right car insurance is a critical decision, and squaring up MSIG MotorMax, Singlife, and FWD car insurance plans reveals distinct advantages.
Consider your priorities – whether it’s comprehensive coverage, competitive pricing, or exceptional customer service. Each insurer brings unique features to the table. By weighing these factors, you can make an informed choice that aligns with your specific needs. Remember, the ideal car insurance safeguards your vehicle and provides peace of mind on every journey.
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Read More:
Best Cheap Car Insurance in Singapore 2024
FWD Car Insurance: Great Coverage For a Fair Price
Singlife Car Insurance: Is It the Right Plan For You?
MSIG Car Insurance: Strong Accident Benefits For a Fair Price
Does Having an Electric Vehicle Affect Your Car Insurance?
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