Singlife with Aviva, a homegrown financial services company, now provides cover for electric vehicles (EVs) as part of its car insurance policies, offering special discounts to EV owners. Singlife becomes one of the few local providers of EV insurance solutions as Singapore grows its EV ecosystem and gears towards a sustainable land transport hub.
Singlife will provide a 10 per cent Go Green discount on Singlife Car Insurance 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 in Singlife’s comprehensive coverage, providing EV owners with greater peace of mind. Singlife Car Insurance currently covers most classes of EVs available for sale in Singapore.
Pan Jinglong, Head of General Insurance, Singlife with Aviva, said: “We are pleased to support the country’s transition towards EVs. 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.”
Sustainability is one of the core pillars of Singlife’s business strategy. As a leading financial services company, Singlife is committed towards charting a Better Way to Sustainability and creating a positive impact through its sustainability agenda. The new EV plans support the Singapore Green Plan 2030 to build a sustainable future.