NTUC Income has launched its first insurance plan aimed at users of personal mobility devices and bicycles.
Named Personal Mobility Guard, this insurance plan is the first of its kind in Singapore as it extends insurance coverage to safeguard users of pedal and power-assisted bicycles, and personal mobility devices such as wheelchairs, hoverboards, power- assisted scooters, rollerblades and skateboards, to name a few.
While most personal accident policies cover death, permanent disability and medical expenses, Personal Mobility Guard provides third-party liability protection.
"Users of personal mobility devices and bicycles, as well as pedestrians, are vulnerable when they share common spaces. We designed Personal Mobility Guard to give protection to users of personal mobility devices and bicycles so that they have peace of mind as they participate in leisure activities," said Annie Chua, vice-president for personal lines, NTUC Income. "We hope the third-party liability coverage further promotes responsible cycling and riding in the community, and will go towards preventing hit-and-run incidents should an accident occur."
Personal Mobility Guard offers up to S$1 million coverage for paying damages against third parties due to accidental injuries or damage of property. In so doing, it paves the way for a liability framework which benefits users of personal mobility devices, cyclists and pedestrians, providing them with a safety net that is long overdue.
Priced at S$96 a year, Personal Mobility Guard will be open to the public from April 25 and be made available for purchase at www.income.com.sg/PMG
This article was first published on April 21, 2016.
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