Transcription
RoadStreet#19-00The OctagonSingapore069534Tel:63896111Fax:62253592Tel: 6389 6111 Fax: 6225 3592ECIMENWebsite:Co.Reg.Reg.No.200208384EWebsite: www.sg.cntaiping.comwww.sg.cntaiping.com Co.No.200208384EPRIVATE MOTOR CAR POLICYLICYhereas the insured by ao w t h i s p o l iiccy witnessethproposal and declarationtthaha t in rree spec t of even tswhich shall be the basisasisoccurring during the Periodococcurriof this contract and is deemedd to beof Insurance and subject to thepplitoincorporated herein has appliedterms exceptions and conditionsinsurinsurancecontained herein or endorsedhereinafter containedneded and has paidpahereon (hereinafter collectivelyay the Premium asor agreed to payreferred to as the Terms of thisconsiderationinsurance.on for such insurancPolicy).efor theSPthe CompanyThis policy is pprotected under the Policy Owners’ Protection Scheme which is administered by the Singapore DepositCorporation (SDIC). Coverage for your policy is automatic and no further action is required from you. ForInsurance Cmore infoiinformationon the types of benefits that are covered under the scheme as well as the limits of coverage, whereapplicable,please contact us or visit the GIA / LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg orlicawww.sdic.org.sg )N.B. - Please read the conditions and examine the Policy and if incorrect or unacceptable return it immediately for alteration orcancellation. We would remind you that you must disclose to us, fully and faithfully, the facts you know or ought to know, otherwise youmay not receive any benefit from your policy.1MPC/2013/12
SECTION I - INSURANCE ON THE MOTOR CAR1.Loss or DamageThe Company will indemnify the Insured against accidental loss of or damage to the Motor Car and its accessories and spare parts whilstthereon arising anywhere within the Geographical Area or whilst in transit by direct sea route across the straits between the island of Penangand the mainland or across the straits between Changi Point, Singapore and Tanjong Berlungkor, Johore.At its own option the Company may pay in cash the amount of the loss or damage or may repair, reinstate or replace the Motor Car or anypart thereof or its accessories or spare parts.The Liability of the Company shall not exceed the value of the parts lost or damaged and the reasonable cost of fitting such parts. TheCompany's maximum liability shall be limited to the prevailing market value of the Motor Car at the time of loss or damage.2.Protection and Removal after AccidentIf the Motor Car is disabled by reason of loss or damage insured under this Policy the Company will subject to thehe Limits of Liability bearre the lossoss or damage wasthe reasonable cost of protection and removal to the nearest repairs and of delivery within the country wheresustained.3.Authority to Repair4.ENThe Insured may authorise the repair of the Motor Car necessitated by damage for which the Companypanyny may be liable under this PolicyPprovided that(a) the estimated cost of such repair does not exceed the Authorised Repair Limit(b) a detailed estimate of the cost is forwarded to the Company without delayHire Purchase AgreementIf to the knowledge of the Company the Motor Car is the subject of a Hire Purchase Agreementement any Payment in cash includingincludin payment inle of the Policy whose receipt shall beb full and finallieu-of-repair shall be made to the Hire Purchase Owner(s) described in the Scheduleth Insured an agentdischarge to the Company in respect of such loss or damage whilst nothing herein shall be construed as constituting thee Insured to the Owners of his rights benefits and claimsor trustee for the Owners or as an assignment (whether legal or equitable) by thessignn his rights benefits and claims ununder this Policy, it being understood and agreed that the Insured shall not assignunder this Policy withoutthe prior consent in writing of the Company.5.Replacement of Parts6.IMIn the event of loss of or damage to the Motor Vehicle and/or its accessoriesessories necessitating the supply of a part not obtainable from stocksheld in the country in which the Motor Vehicle is held for repair or inthe option to pay in cash then the event of the Company's exercisingexeexercipect off any such part shall be limited to:toamount of the loss or damage the liability of the Company in respect(a) (i) the price quoted in the latest catalogue or price list issuedfor the country in which the Motorssued by the manufacturer or itsi agentsageVehicle is held for repair or(ii) if no such catalogue or price list exists the pricee last obtainedbtained at the manufacturer's works plus the reasonable cost of transportotherwise than by air to the country in which thehee Motor Vehicle is held for repair and the amount of any relative import duty and(b) the reasonable cost of fitting such part.Total LossECIn the event of any claim arising under Sectionn I of the Policy the Company may ata its own option settle claim on total loss basis and pay incash the market value less depreciation of the carapplicable under the policy and the insured shall surrender thear after deducting the excess appnce to the Company on its exercisingexercar log card, the Certificate and Policy off insurancesuch option and shall execute such documents as maybe required to effect a transfer of the car.ar.EXCEPTIONS TO SECTION IThe Company shall not be liable to pay forequentialuentia loss(a) loss of use or any other consequentialanical or electrical breakdownbreakdow failuresfa(b) depreciation wear and tear mechanicalor breakagesamage is caused to other parts of the Motor Car simultaneously in the same accident.(c) damage to tyres unless damageSECTION II - LIABILITYBILITY TO THIRD PARTIES1.Indemnity to the InsuredSPThe Companypanyy will subject to the Limits of LiabilityLiabilLiabiindemnify the Insured against all sums including claimant's costs and expenses which thed shall becomeecome legally liablelito pay in rrespect ofInsured(a) death of or bodily injury to any personb) damage to property(b)damwhere such death or injury or damagearises out of an accident caused by or arising out of the use of the Motor Car.2.Indemnity to Authorised DrivDrDriversThe Company will subject to tththe Limits of Liability indemnify any Authorised Driver who is driving the Motor Car against all sums includingclaimant's costs and expensesexpense which such Authorised Driver shall become legally liable to pay in respect ofexpa)) death of or bodily injuryinjurinj(a)to any personage to property(b) damagehereere such death or bodily injury or damage arises out of an accident caused by or arising out of the use of the Motor Car. Provided thatwheresuch AuthorisedAuthorisAuthorise Driver(i) is not eentitled to indemnity under any other policy(ii) shall as though he were the Insured observe, fulfil and be subject to the Terms and conditions of this Policy insofar as they canapply3.Indemnity to Personal RepresentativesIn the event of the death of any person entitled to indemnity under this Section the Company will in respect of the liability incurred by suchperson indemnify his personal representatives in terms of and subject to the limitations of such section provided that such representativesshall as though they were the Insured observe, fulfil and be subject to the Terms of this Policy insofar as they can apply.4.ExpensesThe Company will pay all costs and expenses incurred with its written consent.2MPC/2013/12
5.Representation and DefenceThe Company may at its own option(a) arrange for representation at any inquest or injury the subject-matter of which may give rise to indemnity under this Section(b) undertake the defence of proceedings in any Court of Law in respect of any act or alleged offence causing or relating to any eventwhich may be the subject to indemnity under this Section(c) arrange at the request of the Insured and pay subject to the Limits of Liability for legal services for defence of any charge of causingdeath by driving the Motor Car other than murder which may be brought against the Insured or any other person, who is driving on theInsured's order or with his permission in respect of any death which may be the subject of indemnity under this Section.EXCEPTIONS TO SECTION IISECTION III - MEDICAL EXPENSESENThe Company shall not be liable(a) in respect of death of or bodily injury to any person arising out of and in the course of such person's employment byy the perperson claiming tobe indemnified under this Section(b) in respect of damage to property belonging to or held in trust by or in the custody or control of(i) the Insured or any member of his household(ii) any Authorised Driver claming to be indemnified under Section II-2 or any member of his householdThe Company will subject to the Limits or Liability in respect of each person injured pay to the Insuredd the reasonable medicalmedica expenses inincurredd by the Insured or AuthorisedAuthorisDrive or anyin connection with any bodily injury by violent accidental external and visible means sustainedDriverpassenger of the Motor Car as the direct and immediate result of an accident to the Motor Car.SECTION IV - PERSONAL ACCIDENT BENEFITSECIMThe company undertakes to pay compensation to the Insured or his personal representativeesentativesentative on the scale provided belowbefor bodily injurysustained by the Insured(a) in direct connect with the Motor Car orsed by violent accidental externale(b) whilst mounting into dismounting from or travelling in any private motor car and causedand visible meansinjuwhich independently of any other cause (excepting medical or surgical treatment consequent upon such injury)shall within three calendarmonths of the occurrence of such injury result in:Scale ofCompensaCompensation* . 20,0 2(1)Death . 20,000In the event of the Insured(2)Total and irrecoverable loss of all sight in both eyes. 20,000. 2 20being the holder of anyoth hand or both feetfee(3)Total loss by physical severance at or above the wrist orr ankle or bothPolicy or Policies with theor of one hand together with one foot. 20,000Company in respect of any(4)Total loss by physical severance at or above the wrist or ankle of one hand or one footother motor car or motoreye.together with the total and irrecoverable loss of allll sight in one eye.eye.cars compensation shall 20,000be recoverable under onee.(5)Total and irrecoverable loss of all sight in one eye.eye. 10,000Policy only.e the wristwris or ankle of one hand or one foot.(6)Total loss by physical severance at or above 10,000ub-section (1) to (6) in respect of anya one occurrence and the totalPayment shall be made under one only of sub-sectiongregateregate exceed the sum of 20,000 duringdurindurliability of the Company shall not in the aggregateany one period of insurance.PROVIDED ALWAYS that6 or more than 65 yearsyea of age at the timet(a) the insured is not less than 16of such injuryable in respect of death or injuryind(b) no compensation shall be payabledirectlyor indirectly wholly or in part arising or resulting from or traceable tory suicide or attempted suicide (whether(whethe(whet(1) intentional self-injuryfelonious or not) physical defect or infirmity orppening whilst the Insured is under the influence of intoxicating liquor or drugs(2) and accident happeningNO CLAIM DISCOUNTCOUNTOUNTSPIn the event of noo claim being made or arising under thistth Policy during a period of insurance specified below immediately preceding the renewalpremium shall be reducedduced as follows:Period off InsuranceDiscountThe precedingeceding year.year.year. 10%The precedingyears. 20%receding two consecutive yearsyears.Theyears. 30%he preceding three consecutive years.yearsTheyears. 40%he preceding four consecutive years.yearsThe precedingconsecutive years. 50%receding five or more consecuconIf at the time of a claim the NoN Claim Discount is 40% or 50%, the No Claim Discount shall be reduced to 10% or 20% respectively at the nextrenewal of the Policy. If the NoN Claim Discount is 30% or less then the whole No Claim Discount is rescinded.If more than onene claim is made during any one period of insurance the entire No Claim Discount is rescinded irrespective of the percentageearned.If more than one motor car is described in the Schedule the No Claim Discount shall be applied as if a separate Policy had been issued in respectof each such motor car.If the Company shall consent to a transfer of interest in this Policy the period during which the interest was in the Transferer shall not accrue to thebenefit of the Transferee.The No Claim Discount is not affected by any notification or information which the Insured is obliged to provide to the Company unless it is inrelation to a claim made on the Company.3MPC/2013/12
JURISDICTION CLAUSEThe indemnity under this Policy shall not apply in respect of judgements which are not in the first instance delivered by or obtained from a Court ofcompetent jurisdiction within West Malaysia or the Republic of Singapore.AVOIDANCE OF CERTAIN TERMS AND RIGHT OF RECOVERYIf the Company is obliged by virtue of the Legislation or the Agreement executed between the Minister of Transport of the Government of Malaysiaand the Motor Insurers' Bureau of West Malaysia on 15th January, 1968, or the Agreement executed between the Minister for Finance of theRepublic of Singapore and the Motor Insurers' Bureau of Singapore on 22nd February, 1975 to pay an amount for which the Company would nototherwise be liable under this Policy the Insured shall repay the amount to the Company.Limits of Liability:Limit of the amount the Company's liability under Section l-2. 300.Limit of the amount the Company's liability under Section ll-1(a) or 2(a)in respect of any one claim or series of claims arising out of one event.Unlimited.Limit of the amount the Company's liability under Section ll-1(b) or 2(b). 5,000. 5,000in respect of any one claim or series of claims arising out of one event. 5,000,000Limit of the amount the Company's liability under Section ll-5(c). 3. 3in respect of legal services for defence in the event of any charge. 3,000Limit of the amount the Company's liability under Section III. .in respect of each person injured arising out of one accident. 300Authorised Repair Limit: 300Geographical Area:West Malaysia, the Republic of Singapore and that part of Thailand within 50 miles off the border between Thailand and WestWe Malaysia.Legislation:Road Traffic Ordinance 1958 (Federation of Malaysia) Motor Vehicles (Thirdd Party Risks & Compensation) Act (Cap.(C88 of the Revised Edition)Avoidancevoidance of Certain Terms and RightRig ofo Recovery" is limited to Sections(Republic of Singapore) (the reference to Legislation under the heading "Avoidance78, 79 and 80 of the Federation of Malaya Ordinance and Sections 6, 7 and 8 of the Singapore Act).THE FOLLOWING ENDORSEMENTS SHALL APPLYPLY WHENEN SPECIFIED IN THTHE SCHEDULE ATTACHEDEndorsement No. 1 - Excess on Section IIIt is hereby understood and agreed that notwithstandingngg anything to the contrary contained in Section II of this Policy the Insured in respect ofeach and every event shall be responsible for the firstt amount as specified in the ScheduleSchedu (or any less expenditure which may be incurred) of anyder (includingncluding any payments in respectrespec of costs and expenses) and of any expenditure by theexpenditure for which provision is made thereunderCompany in the exercise of its discretion under Conditionon 5 of this Policy.If the expenditure incurred by the Companyy shall include the amount for which ththe Insured is responsible hereunder such amount shall be repaidby the Insured to the Company forthwith.For the purpose of this Endorsementt the expression "event" shall mean ana event or series of events arising out of one cause in connection withany one Motor Car in respect of or in connection with whichindemnity is granted under this Policy.whEndorsement No. 2 - Excessess on Section IIt is hereby understood andd agreed that notwithstanding anything to the contrary contained in Section I of this Policy the Insured in respect of eachand every event shall bee responsible for the first amount as specified in the Schedule (or any less expenditure which may be incurred) of anyexpenditure for whichexpenditure incurred by the Company shall include the amount for which the Insured ish provision is made thereunder. If the eresponsible hereunderthe Insured to the Company forthwith.nderder such amount shall be repaid by thFor the purposese of thishis Endorsement the expression "event" shall mean an event or series of events arising out of one cause in connection withar.the Motor Car.Endorsementrsement No. 2(a) - ExcessExces on SecSection I (Fire & Theft Only)It is herebyereby understood and agreed thatth nonotwithstanding anything to the contrary contained in Section I as modified by endorsement of this Policytheevent shall be responsible for the first amount as specified in the Schedule (or any less expenditurehe Insurednsured in respect of each and everyeveevwhichexpenditure for which provision is made thereunder (including any payments in respect of costs and expenses) andhichh may be incurred) of any expenof anyin the exercise of its discretion under Condition 5 of this Policy.nyy expenditure by the CompanyCompanComIf the expenditurependiture incurredred by the Company shall include the amount for which the Insured is responsible hereunder such amount shall be repaidby the Insuredcompany forthwith.redd to the compaFor the purposee off thisth Endorsement the expression "event" shall mean an event or series of events arising out of one cause in connection withany Motor Car in respectof or in connection with which indemnity is granted under this Policy.espEndorsement No. 2(b)Notwithstanding anything herein contained to the contrary it is hereby understood and agreed that in the event of each and every clai
105 Cecil Street #19-00 The Octagon Singapore 069534 Tel: 6389 6111 Fax: 6225 3592 Website: www.sg.cntaiping.com Co. Reg. No. 200208384E PRIVATE MOTOR CAR POLICY hereas the insured by a ow this policy witnesseth proposal and declaration that in respect of ev
