Cash rebates for motor policy holders

Motorcycle and car owners who are also policy holders with NTUC Income will be entitled to one-off rebates in 2012. In total, NTUC Income has set aside $4.2 million for these rebates. A one-off $10 rebate will be offered to about 73,000 customers representing one in two motorcycle owners, while about 100,000 car owners will enjoy a one-off $30 rebate when they renew their policy.

This is in line with NTUC Income’s core philosophy of rewarding policyholders for its strong performance while making a reasonable profit to sustain its business. NTUC Income also added that it has launched its motor insurance online platform to enable motorists to enquire and purchase motor policies as well as pay their premiums directly, in four simple steps from its website.

As the largest composite insurer in Singapore, the launch is part of NTUC Income’s continued focus in delivering convenience, choice and innovation to its customers. These new features offer the fast-growing online customer segments their preferred medium to interact with NTUC Income, reflecting NTUC Income’s continuous efforts to engage and grow with them. 

NTUC Income Chief Executive Tan Suee Chieh said: “These efforts reflect our continuing commitment to offer products of good value to our customers, and in a manner which is convenient for them. We offer our customers a wide range of products such as travel, motor, life and health insurance and through multiple channels - our own consultants, financial advisors, corporate agents, banks, online or through our telesales centres.”

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“NTUC Income has the most diversified range of distribution channels and products in Singapore. Our multi-channel strategy continues to deliver solid results. I am delighted that our revenues exceeded $4 billion for the first time, doubling what we achieved five years ago.”

NTUC Income Chief Executive Tan Suee Chieh
 

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