From 1 July 2005, female motorists insured with NTUC Income will enjoy a 6% reduction in premium rates.
Based on our past year's claim experience, female drivers have lower average claim cost.
The lower claim cost reflect that females are involved in less serious accidents and have lower repair cost. Perhaps they also use their cars less often, due to their indoor occupation.
NTUC Income has the largest market share of motor insurance, representing about 43% of all vehicles in Singapore. Our dominant share is attributed to our competitive premium rates and satisfactory quality of service.
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