New motor insurance policy for senior above 65 years old

Auto­mobile Asso­ci­ation of Singa­pore (AAS) launched a new motor insur­ance policy , “AA Senior Motor Plus”, on 23 Janu­ary 2014. It is tar­geted at drivers aged 65 and above. It was launched in col­lab­or­a­tion with Liberty Insur­ance and the Singa­pore Opto­met­ric Association.

It comes with bene­fits such as a 5 per cent dis­count for eli­gible poli­cy­hold­ers with 30 or more years of exper­i­ence, and a free med­ical exam­in­a­tion, required of drivers above 65 years old by the Traffic Police. Like any other car insur­ance policies, driv­ing records and claims exper­i­ence will be taken into con­sid­er­a­tion when set­ting the premium.  Poli­cy­holder would need to pay for stand­ard excess and it cov­ers driv­ing in both Singa­pore and West Malaysia.

 

Cur­rently, NTUC Income offers motor insur­ance for drivers above 65. At Aviva and DirectAsia.com, only renewal of policies for those above 70 are con­sidered on a case-by-case basis.

There­fore, senior drivers now have one more choice from AAS.