Pros and Cons of AXA Car Insurance SmartDrive Plan

AXA car insurance (SmartDrive) is a motor insurance offered by AXA. It provides coverage for loss or damage to insured’s vehicle and its accessories caused by:

1. accidental collision or overturning;
2. fire, external explosion, self-ignition, lightning, burglary, housebreaking, theft or being hit by a falling object;
3. a malicious act;
4. strike, riot or civil commotion; or
5. flood, typhoon, hurricane, volcanic eruption, earthquake or other natural disaster.

There are 7 options of this plan and the picture below will show the different coverage under each option.

image is taken from axa.com.sg

 Pros of AXA car insurance (SmartDrive)

1. It is very cost friendly to drivers with minor accidental claim. Most insurers in Singapore will take into consideration of the accidental claim(s) for the last 3 years when computing the insurance premium. As a result, the premium is usually more expensive. For AXA car insurance, it does not take into premium consideration of the accidental claim if the claim amount is less than S$10,000. Hence, the premium is very competitive for drivers who had small accident claim. Nevertheless, do note that AXA underwriters will still require the car owner to declare the accident claim amount for the last 3 years.
2. It has competitive pricing for continental car (non high performance) based on our experience.

Cons of AXA car insurance (SmartDrive)

1. Too many options that clients may get confused.
2. It may not be the most price competitive for some car models.

Car Owner's Name:
NRIC / EP number (Last 5 characters):
Nationality:	SingaporeanSingapore PRWork PermitEmployment PassOthers
Gender:	FemaleMale
Marital Status:	SingleMarried
Date of Birth:	DD01020304050607080910111213141516171819202122232425262728293031/MM010203040506070809101112/YYYY20001999199819971996199519941993199219911990198919881987198619851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933
Occupation:
Occupation Type:	IndoorOutdoor
Singapore Driving License Pass Date:	DD01020304050607080910111213141516171819202122232425262728293031/MM010203040506070809101112/YYYY20152014201320122011201020092008200720062005200420032002200120001999199819971996199519941993199219911990198919881987198619851984198319821981198019791978197719761975197419731972197119701969196819671966196519641963196219611960195919581957195619551954195319521951195019491948194719461945194419431942194119401939193819371936193519341933
Vehicle Num:	Check your vehicle details on LTA website
Brand of your vehicle:
Model of your vehicle:
Parallel Import Car:	NoYes
Off Peak Car:	NoYes
Engine Capacity (cc):
Year of Manufacture:
Year of Registration:
Body Type:	SaloonSUVMPYSpace WagonStation WagonHatchbackHybridCoupeCabriolet
Engine Type:	NormalTurbo
Past claim (last 3 years) :	(S$)
Cover Type:	ComprehensiveThird Party (Fire & Theft)Third Party (Only)
Start Date:	DD01020304050607080910111213141516171819202122232425262728293031/MM010203040506070809101112/YYYY2015201620172018
End Date:	DD01020304050607080910111213141516171819202122232425262728293031/MM010203040506070809101112/YYYY2016201720182019
NCB upon renewal:	0%10%20%30%40%50%
Certificate of Merit (require min. 30% NCD):	NoYes Check 5% COM
Mobile:
Email:
Current Insurer:
Renewal Amount:	(S$)
Other Info / Request:	Name driver details (if any) - Name, NRIC, D.O.B, Sex, Marital Status, Occupation, Driving experience and Relationship to car owner; Accident details (if any) - Date, short account of accident; Other requests;
	Key in the above image letters:

Contact here to find out more on AXA car insurance (SmartDive).