Singlife with Aviva Now Covers Electric Vehicles Under Its Car Insuranceby Fintech News Singapore September 13, 2022
Financial services company Singlife with Aviva now provides cover for electric vehicles (EVs) as part of its car insurance policies, with a 10 per cent Go Green discount for EV owners.
Singlife will also provide EV-specific peripheral services such as sourcing replacement EVs in the event of an accident and breakdown assistance due to insufficient battery power. Charging cables, batteries and private charging stations will also be insurable for accidental damage.
Singlife becomes one of the few local providers of EV insurance just as Singapore’s new electric car registrations grew two-fold in 2022 from the year before. The announcement also comes ahead of Singapore’s long-term ambitions to phase out internal combustion engine vehicles by 2040.
“We hope that our solutions will continue to provide customers with the security, reassurance and support as they seek cleaner-energy vehicles and help reduce land transport emissions,”
said Pan Jinglong, Head of General Insurance, Singlife with Aviva.