Installment on Insurance

[gaoxing11]

jus to check wif fellow riders, anyone has their insurance paid by installment..?? how is it done..?? feel free to PM or reply.. thanks

[Aalex82]

jus to check wif fellow riders, anyone has their insurance paid by installment..?? how is it done..?? feel free to PM or reply.. thanks

 

u can pay installment up to 1 year without any interest charge..

however, they will see the premium of yr policy..

if too low, they cannot allow u to drag a year..

but u hav to pay up front 3 months of the installment pay 1st..

u can call this number, 63462663 to get the full detail and u can even ask them to prepare the policy 1st..

so when u visit the branch u prefer, u need not to take a queue number..

[gaoxing11]

thanks alot ya... btw my premium shld be near 1k... lolz.. so meaning i need to pay ard 200 ++ first den drag the rest izzit...

[RedGixxer688]

u can pay installment up to 1 year without any interest charge..

however, they will see the premium of yr policy..

if too low, they cannot allow u to drag a year..

but u hav to pay up front 3 months of the installment pay 1st..

u can call this number, 63462663 to get the full detail and u can even ask them to prepare the policy 1st..

so when u visit the branch u prefer, u need not to take a queue number..

 

This is NTUC issit? But at the website says only for credit card users .... issit true?

[mountain_smith]

instalment plan not only for credit card users, jus go NTUC branch, u just have to sign a GIRO form. they will deduct installment for GIRO,

if ur insurance is above $300 but less than $500, u are only eligible for the 6 mths installment plan.

for above $500, you can take up 1 year installment plan. This is what i gather from NTUC.

 

 

 

P.S: Dont quote me.

[Guest Quincy]

btw its interest free but 1st mth payment is 2mths...

 

e.g. total insurance for 1 year is S$1,200/=

 

S$1,200 / 12 months = S$100 per month

 

1st month payment = S$100 x 2month (upfront payment) = S$200

2nd month payment = S$100 only

3rd month payment = S$100 only

"

"

12th month payment = S$0/=

 

i'm currently paying my insurance via installment...

[ahsnow]

but wat if accident during installment time??

[Guest NPNT]

no money for insurance but wanna ride bike?

[rayhunter]

will there be no ending paying as long u are still riding if takes up 1 year,before yr installment ends for this year,yr next premium will come and continue from again.

[gaoxing11]

ya true though... but i jus need tis installment to tide over for now... currently not workin n NS.. so quite poor for now.. thanks for all the info bros

[WildCard]

Paying mine using installaments also.

My premium is ard $500. I added in the road tax aof $100 and paying about $90 for 6 months. But I paid 2 months in advance and this month is the final month.

Not so bad.

There is interest for the road tax. But for $1, its negligible.

 

Oh, and newbie, not everyone is as rich as you, I'm very sure. This is a useful utility for them to pay monthly with no interest. Could be they had no chance to save up for a lump sum, as in my case where the cash I saved for the insurance, I had to spend for an emergency repair on my house ceiling.

 

Its nice to have no commitments, no family and only yourself to spend on, right?

But nobody asked for your opinion whether the guy has money for insurance to ride or not.

Coz if he or other people wanted your opinion, we would have asked for it.

[leong77]

Just to share with you guys about NTUC installment scheme.

 

Those who are under installment scheme have to pay on time. Otherwise, they will terminate you policy and blacklist you in their system. Which means it would be harder for you to insure with NTUC if u r blacklisted.

 

It is wise to plan your cashflow properly. If policy cancelled and u r still riding. Traffic police will charged with 'no insurance coverage'. Worse still, no coverage if kenna accidents.

[EJ]

Paying mine using installaments also.

My premium is ard $500. I added in the road tax aof $100 and paying about $90 for 6 months. But I paid 2 months in advance and this month is the final month.

Not so bad.

There is interest for the road tax. But for $1, its negligible.

 

Oh, and newbie, not everyone is as rich as you, I'm very sure. This is a useful utility for them to pay monthly with no interest. Could be they had no chance to save up for a lump sum, as in my case where the cash I saved for the insurance, I had to spend for an emergency repair on my house ceiling.

 

Its nice to have no commitments, no family and only yourself to spend on, right?

But nobody asked for your opinion whether the guy has money for insurance to ride or not.

Coz if he or other people wanted your opinion, we would have asked for it.

 

relax jo. you know he's well known for this kind of response. i guess the newton food center cleaning contractor is paying him quite well. haha no offense newbie.

 

anyway, i was thinking of jumping ship to NTUC and pay by installment too. no choice my company stopped giving bonuses at year end lah.

[prego08220]

Was offered to this plan to me by NTUC.. Only called them and ask abt my insurance stuff.. In the end they call me up the whole day asking i'm interested anot.. lolxx..

[gaoxing11]

Looks like tis insurance installment plan is quite useful... never knew tt so many pp is actualli using it..

[WildCard]

relax jo. you know he's well known for this kind of response. i guess the newton food center cleaning contractor is paying him quite well. haha no offense newbie.

 

anyway, i was thinking of jumping ship to NTUC and pay by installment too. no choice my company stopped giving bonuses at year end lah.

 

 

Check and choose carefully.

After I renewed with NTUC, Penny from Everbright helped me check how much if renew with AIG. Knnz, could have saved close to $100 if I did with AIG.

But no choice. This year have to do installments.

[EJ]

there was a time,

when insurance renewal,

can only done by bike shops,

but now we can...

 

but i guess not all companies though. cso i remembered when i wanted to renew my WR's insurance with mitsui, they asked me whether the bike is still under loan. which was not.

[xb84]

no money for insurance but wanna ride bike?

 

yar lor, no money for insurance shld go take bus.

[Yatz86]

ya loh i also wondering what happen if i kena accident during installment..2 yrs straight accident...july last yr n oct this yr...last yr they jack up my premiums to 800 bux from 287 bux although the case close with me not at fault.they said they gonna review in 2008 but now accident (again) n i win the case (again) donno they would reimburse my 2006 premium money or not.

[Guest NPNT]

Oh, and newbie, not everyone is as rich as you, I'm very sure. This is a useful utility for them to pay monthly with no interest. Could be they had no chance to save up for a lump sum, as in my case where the cash I saved for the insurance, I had to spend for an emergency repair on my house ceiling.

 

Its nice to have no commitments, no family and only yourself to spend on, right?

But nobody asked for your opinion whether the guy has money for insurance to ride or not.

Coz if he or other people wanted your opinion, we would have asked for it.

Oh cmon, dont be sour. How to have enough money if always jumping jobs right? That's why last time shdn't talk big on the phone telling me no need study in uni coz degree is useless blablabla.

 

Anyway talking abt commitments, family etc... you want it so u only have yourself to blame right if anything else suddenly become tight?

 

yar lor, no money for insurance shld go take bus.

Precisely.

[xb84]

WildCard i think all newbie wanna say is not to stress out ourselves if cannot pay for insurance because still got alot of things to pay for.

[Guest limpeiwah]

no money for insurance but wanna ride bike?

 

not everybody earns your millions lah. a few hundred in temp savings like wildcard mentioned can really make a difference.

 

xb84 he likes to suan ppl one.so his comments are subsequently very caustic. can /ignore.

[Guest limpeiwah]

Oh cmon, dont be sour. How to have enough money if always jumping jobs right? That's why last time shdn't talk big on the phone telling me no need study in uni coz degree is useless blablabla.

 

wah so personal. got tattoo or not?

[Guest NPNT]

not everybody earns your millions lah. a few hundred in temp savings like wildcard mentioned can really make a difference.

 

xb84 he likes to suan ppl one.so his comments are subsequently very caustic. can /ignore.

Installments on bikes, cars, houses etc still understandable... but riding a Class 2 bike but insurance pay in installments?

 

wah so personal. got tattoo or not?

People personal on me, i personal back lor.

 

I put gong tao on u u want or not?

[Guest limpeiwah]

its his own personal choice mah. u can go to courts and see tons of customer buy toothbrush also installment installment.

 

ey dont put gong tao lah. got ghost one.