ntuc-income: launch of drivo

ntuc-income has recently launched drivo.

what is drivo?

drivo is a bold new initiative by ntuc-income to drive the motor insurance market and comes with the following benefits*:

a. free ncd protection
b. 24 hour call centre
c. choice of workshops
d. $50.00 cash rebate on renewal
e. nation wide branches
f. enhanced cover features.

being singapore's numero uno motor insurer**, ntuc-income's drivo comes with a 30 day money back guarantee on private car premiums that in the event there is a lower quote elsewhere (meaning the competition) within 30 days, ntuc-income will refund the money back in full***.

* policy terms and conditions apply.
** the business times dated august 10, 2011.
*** applicable to private car policy under premium or classic plan, inclusive of plus
cover. claims on money back guarantee must be made within 30 days from commence-
ment date of the period of insurance provided no claims made on or against your
policy during this period. other terms and conditions apply.

important notes:

this blog is for information only and is not a contract of insurance. the precise terms, conditions and exclusions of this plan are specified in the policy contract.

my comments:

trust suee chieh, the head honcho of ntuc-income to drive (sorry for the apparent pun) up the competition in the motor insurance market.

if drivo is true as claimed, and the quote is lower than the competition, the motorist wins and if it is not true, meaning the quote is lower elsewhere, the motorist wins again. in short, this bold new initiative is a win-win for all consumers. which brings to my mind a mission statement of suee chieh and i quote:

"my job is never to maximise profits for ntuc-income."

well said and exemplified.

and makes me (and obviously the competition) wonder what will suee chieh think of next.