
1. FWD motorcycle insurance
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Cons
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Best for: Comprehensive coverage at affordable prices. Commercial motorcycle plans are also suitable for food delivery and courier delivery riders. May not be suitable for: Motorists looking for personal accident coverage. |
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Offering comprehensive coverage at affordable prices, FWD Motorcycle insurance is our top pick for motorcycle insurance. The only insurer to offer a lifetime No Claims Discount (NCD) guarantee, FWD offers motorist a peace of mind knowing that they would not be penalised for making a claim from their insurance. However, do note that you must have a 20 per cent NCD status to be eligible for this lifetime NCD guarantee.
Current NCD |
NCD after one claim |
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FWD motorcycle insurance |
20% |
20% |
Other motorcycle insurance |
20% |
0% |
Moreover, FWD also offers a premium guarantee with the option to purchase a 2 year plan. This allows riders to lock in their second year premium while also enjoying a 5 per cent discount on their premiums.
While FWD's motorcycle insurance does not come inclusive of personal accident coverage, there is the option to add-on coverage for hospitalisation expenses due to an accident. Alternatively, motorists may also consider purchasing a standalone personal accident plan. This will allow you to enjoy comprehensive personal accident coverage even when you are not riding your motorcycle.
Lastly, FWD's commercial motorcycle plan also covers for food and goods delivery services thus making it suitable to be used by food delivery or courier delivery riders.
To purchase FWD motorcycle insurance, click on the button below.
2. NTUC Income motorcycle insurance
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Best for: Motorists looking for a simple, no frills motorcycle insurance. May not be suitable for: Motorists who would like to choose their own preferred workshop. |
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While motorists are traditionally required to head to a reporting center within 24 hours after an accident, NTUC Income allows motorists to submit their reports online via their accident reporting mobile application. This can be done in the convenience of your own home thus simplifying the accident reporting process and eliminating the hassle of having to travel to a reporting center within the specified time frame.
However, do note that this online service is only suitable if you do not wish to make a claim under your policy or against the other party. In the event that you wish to receive assistance for your accident, you may also contact Orange Force, NTUC Income’s accident assistance team for 24 hour roadside assistance.
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Information is accurate as of 22 December 2020 with changes subjected to the insurer's discretion.
Available Products on FSMOne Insurance |
Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance *Please check with our advisory team if the product you want is available on FSMOne Insurance |
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