Monetary providers firm Singlife with Aviva now supplies cowl for electrical automobiles (EVs) as a part of its automotive insurance coverage insurance policies, with a ten per cent Go Inexperienced low cost for EV house owners.
Singlife may even present EV-specific peripheral providers similar to sourcing alternative EVs within the occasion of an accident and breakdown help because of inadequate battery energy. Charging cables, batteries and personal charging stations may even be insurable for unintended harm.
Singlife turns into one of many few native suppliers of EV insurance coverage simply as Singapore’s new electrical automotive registrations grew two-fold in 2022 from the 12 months earlier than. The announcement additionally comes forward of Singapore’s long-term ambitions to part out inner combustion engine automobiles by 2040.
Pan Jinglong
“We hope that our options will proceed to offer clients with the safety, reassurance and assist as they search cleaner-energy automobiles and assist scale back land transport emissions,”
mentioned Pan Jinglong, Head of Normal Insurance coverage, Singlife with Aviva.
