Time for a car insurance renewal? Check out the best car insurance plans in Singapore for every kind of driver.
Best Car Insurance Promotions in Singapore
- Etiqa (Tiq) Car Insurance - Best for young drivers
- Singtel Car Protect - Best for comprehensive insurance needs + upsized S$280 petrol vouchers with any plan purchased
- AIG Car Insurance - Best for protection from collision + exclusive 5% premium discount and up to S$200 petrol vouchers with any plan purchased
- MSIG MotorMax - Best for low price
- Allianz Motor Protect - Best for value for money
- Singlife Car Insurance - Best for promotional rates
While it can be tempting to simply renew your existing car insurance plan and get that chore out of the way, you might be missing out on a better deal out there.
For a start, you might get a much cheaper car insurance premium with another insurer. (You’ll need to get a quotation online, because insurance premiums depend on the driver’s profile, car make and model.)
These days, many car insurance plans come with great features that cater to different needs, be it personal roadside assistance, young driver coverage, or a long list of conveniently-located workshops. Don’t miss out on those, either.
Here are the best car insurance policies in Singapore so you can see how your current plan stacks up. For easy comparison, we’ll be covering each insurer’s comprehensive plans only.
You can also find the following information in this article:
- Best car insurance plans Singapore
- What to look out for when buying car insurance
- Other factors to consider
When searching for car insurance in Singapore, obtaining a quote is a crucial step. It helps you understand the premium costs associated with the coverage options you need. Don’t be afraid to shop around to find the best rates and take advantage of any available promotions or discounts. To help you compare your car insurance quotes fast, check out our new quotes system below!
Apply for a Car Insurance to Win $50,000
Best car insurance plans in Singapore (2024)
| Provider | Best features | Cost per year* | Current Car Insurance Promotion |
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Best for: Young drivers
Etiqa (Tiq) Car Insurance  |
– Easy to buy and claim (claims can be paid out in 30 minutes) – S$50/day allowance if your car is stuck in workshop – Adjustable excess for better pricing – Low age limit (24) for young & inexperienced driver- 5% additional discount if you have been demerit-free in the past 3 years – Free child seat coverage of up to S$300 – Affordable premiums thanks to ongoing promos – Drive Less Save More add-on allows you to save up to 30% yearly in cash rebates |
From S$865.89 | Use promo code TIQSINGSAVER to get 20% off and get up to $300 cashback (fulfillment by Tiq). Valid till 31 December 2024. T&Cs apply. Also receive: -Enjoy 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 2024. T&Cs apply. -Chances to win S$50,000 Cash! Valid till 22 December 2024. T&Cs apply. Buy via SingSaver to get the best deal, guaranteed. Read more about our Best Deal Guarantee here. |
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Best for: Affordable, comprehensive coverage
Singtel - Car Protect
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– Simple application process – Competitively priced – Includes accident towing charges by default – Authorised drivers and passengers are insured for up to S$50,000 – Underwritten by Great Eastern Life, a renowned insurer in Singapore |
From S$812.24 | Receive up to $260 Petrol vouchers. Fulfilled by Singtel. Valid till 31 December 2024. T&Cs apply. Also receive: -A chance to receive S$100 petrol vouchers. Valid till 31 December 2024. T&Cs apply. - 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. - Chances to win S$50,000 Cash! Valid till 22 December 2024. T&Cs apply. |
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– Covers collision-related accidents at a lower premium Provides coverage for third-party property damage of up to S$5,000,000 and unlimited coverage for death or injury to third parties – Pay a lower premium when you limit the policy to drivers aged 30, 35, or 40 years and above, or limit the coverage over the next 12 months – Great claim service - fast claim approval within 1 working day and 99.9% of own damage motor claims approved – Excess Waiver of up to S$1,000 with an in-car camera footage – Unlimited windscreen/window cover |
From S$1,031.43 | Get up to S$300 cash via PayNow (with S$800 net premium) on top of 5% off car insurance with promo code AIGSS5. Promotion valid till 31 December 2024 only! T&Cs apply. Plus, enjoy 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. Buy via SingSaver to get the best deal, guaranteed. Read more about our Best Deal Guarantee here. |
| – Reputable brand with 30+ authorised workshops – Offers car loan protection of S$100,000 in the event of death (for MotorMax Plus policy only) – 24-hour roadside assistance for towing, lockout or minor roadside repairs assistance – Replacement of a new vehicle if your vehicle becomes irreparable after an accident |
From S$883.27 | Receive up to S$120 e-vouchers (Fullfillment by MSIG). Valid till 31 December 2024. T&Cs apply. Also receive: - Up to S$70 Paynow. Valid till 31 December 2024. T&Cs apply. - 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. - A chance to win S$50,000. Valid till 22 December 2024. T&Cs apply. |
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– Damage to third party property, death or injury to third party and legal representation and defense coverage for all plans – Lifetime warranty on repairs – Complimentary courtesy car when your car is being repaired – Replacement car if your car is less than two years old and damaged beyond repair – 24/7 complimentary roadside assistance -Flexible excess |
From S$576.20 | Enjoy 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. Buy via SingSaver to get the best deal, guaranteed. Read more about our Best Deal Guarantee here. |
| – Low age limit (24) for young & inexperienced driver – 30+ workshops, including brand authorised workshops – No Claims Discount (NCD) remains intact with no upfront excess payment required, if your car is damaged through no fault of yours. It also offers the lowest NCD penalty of 10% upon claims (for Standard and Prestige) – Great promo rates for NSmen & civil servants – (for Prestige) eCall assistance service that automatically alerts the emergency team to provide you with professional help – (for Prestige) No additional excess for young and inexperienced driver |
From S$1,124.57 | Get 20% off premiums with promo code CAR20 (for new customers only). Valid till 20 December 2024. T&Cs apply. Also receive: - Enjoy 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. - Chances to win S$50,000 Cash! Valid till 22 December 2024. T&Cs apply. |
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| Best for: Emergency assistance and free NCD protector Income - Drivo
 |
– Reputable brand with excellent roadside assistance, with Orange Force riders arriving at accident scenes to provide help anytime and anywhere – 24/7 referral services for road and medical assistance in West Malaysia – S$50/day transport allowance from the first day of repair, up to a maximum of seven days – 30+ authorised workshops islandwide – Free NCD protector granted automatically upon your next renewal if you have been enjoying 50% NCD in the last two years with Income |
From S$988.44 | N.A. |
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Best for: Electric vehicles (EV)
Great Eastern Great EV Protect
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– Covers any driver as long as authorised by you. – Covers home content for damage as a result of fire caused by your charging station. – Covers outpatient medical expenses due to electric shock whilst charging your vehicle. |
From S$2,749.00 | Receive $300 worth of SP Mobility Charging Credits while stocks last when you apply now! (Fulfillment by Great Eastern). T&Cs apply. Enjoy 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. |
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Best for: Value for money
HLAS Car Protect360
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From S$850.344 |
Get 1x chance to win S$3,500 worth of Shell petrol vouchers. Valid till 31 December 20224. T&Cs apply. |
*Indicative annual premium for a 35-year-old married male driver with clean driving record, five years of driving experience and 50% NCD, driving a Mazda 3 1.6 (A) registered in 2018. Prices quoted are before the discounts offered by the providers.
What to look out for when buying car insurance in Singapore
#1 Car insurance type
The first thing to look out for would be the car insurance coverage type. There are generally three types of car insurance plans:
- Third Party Only: The most basic car insurance plan, this covers injury or death to a third party, plus damage to others’ property. This does not cover the damage to your own vehicle.
- Third Party Fire and Theft: On top of what Third Party car insurance offers, this also covers fire damage or theft of your vehicle. Again, this does not cover the cost of other damages to your own vehicle.
- Comprehensive: Includes what Third Party Fire and Theft covers, plus coverage for the repairs or replacement required for accidental damages to your vehicle. It can also include personal accident and medical expense coverage.
Third Party Only is the bare minimum you’ll have to get for your car. If you’re looking for more complete coverage, you should instead opt for a comprehensive plan that covers for the damages to your vehicle in the event of an accident.
We have the best deals for comprehensive car insurance plans… but don’t take our word for it. Compare car insurance quotes below now.
#2 How much excess you’re willing to pay
The excess refers to the maximum amount you can expect to pay out of your own pocket in the event of a claim. However, this excess is only paid during instances when you’re at fault. For example, if your policy excess is S$500 and your claim is for S$2,000, you’ll only have to pay S$500 while your insurance company forks out the remaining S$1,500.
How much you’re willing to fork out in policy excess in the event of an accident will affect the car insurance plan you settle on.
In general, the higher the excess, the lower the premiums and vice versa. This is because you take on greater ‘cost’ by paying a higher excess should an accident occur and therefore will be rewarded with lower premiums. This is one way to lower your insurance premiums.
#3 Authorised workshop only, or any workshop of your choice
Most car insurance in Singapore encourage you to have your repairs done at one of many authorised workshops approved by the insurer. This assures both you and your insurer of the quality and price of repairs.
However, if you have a preferred workshop, or if you’d like the flexibility to have your car repaired at any workshop, you’ll have to opt for a plan that provides such an option. Typically, car insurance plans that allow repairs at any workshop will come with higher premiums.
Other factors to consider when choosing a car insurance plan:
- Additional driver: Will there be someone else driving the vehicle? If so, you should add a ‘named driver’ or ‘additional driver’ to the policy who will also be insured to drive the car. The ‘named/additional’ driver will usually have the same amount of coverage as the main driver and will come with additional cost.
- Roadside assistance: Would it give you peace of mind to have access to roadside assistance at any time of the day should you get into an accident? If the answer is yes, look to see if the car insurance plan offers 24/7 roadside assistance. This could come in handy especially for newer drivers who are unsure of the procedures in the event of an accident.
- No Claims Discount (NCD): How much is your NCD? NCD gives you a discount off your car insurance premiums and is determined by how many claims you make (or don’t make) over the past year. If your NCD is between 30% to 50% you could consider adding on riders such as an NCD protector to shield your NCD in the event of a claim.
- Daily transport allowance: This is an allowance you’ll receive from the insurer for each day that your vehicle is being repaired. This allowance is subject to the insurer’s terms and conditions and could be capped.
- Overseas coverage: If you require overseas coverage, for example if you frequently drive in and out of Malaysia, you’ll need a car insurance plan that offers such coverage. Do take note that most insurers have pretty standard geographical areas that they provide coverage for – mainly West Malaysia and Southern Thailand.
Finally, if you’re a young driver, do expect that your premiums and excess will be higher because of your lack of driving experience.
Etiqa (Tiq) Car Insurance: Best for Young drivers, demerit-free drivers and those who don't drive frequently
Why it’s good: Etiqa (also known as Tiq) prides itself as a digital insurer, so you can expect a quick and painless buying experience.
They’ve even minimised the hassle around claims. Just submit your repair claim of up to S$5,000 online (only applicable for 'own damage' claims), and Etiqa can verify and pay it out in as little as 30 minutes.
Depending on how much you're willing to fork out in excess, Etiqa also offers adjustable excess for the named driver, in order for you to enjoy better pricing.
Like Singlife, Etiqa’s threshold for ‘young and inexperienced driver’ is 24 years old, which is good news for drivers in their 20s.
Etiqa also offers a unique add-on called Drive Less Save More. With this add-on, drivers can save up to 30% yearly in cash rebates depending on how much they drive that year. This add-on is completely free and any cash rebates will be credited directly to their TiqConnect eWallet. Do note that this add-on is only valid for new businesses only.
What plans are available: Etiqa has just the one comprehensive car insurance plan. It comes with the standard accident, personal accident and liability coverage, but does not include the nice-to-haves such as a courtesy car or dedicated emergency assistance staff. There is, however, a thoughtful S$50 daily payout if your car gets stuck in the workshop, up to a maximum of five days.
By default, you’ll need to send your car to one of the 20+ Etiqa authorised workshops. You can purchase an add-on to get your car repaired at the workshop of your choice, but this might mean your claims take longer to process as well.
All these add up to a value-for-money, but basic, car insurance plan that’s more suited to older cars (no longer under warranty) and experienced drivers (who know what to do in an accident).
Annual premium: From S$865.89 (Third-Party Only), S$1,021.52 (Third-Party, Fire & Theft Only), S$1,071.22 (Comprehensive)
Free Drive Less Save More with up to 30% yearly rebate for comprehensive plan only
Read our full review of the Etiqa Car Insurance plan here.
Singtel Car Protect: Best for comprehensive insurance needs
Why it's good: If you’re looking for an affordable plan with comprehensive coverage, Singtel’s Car Protect does the job. Not only is the application process quick and easy, it's also the perfect balance between cost and protection.
One of its interesting features is the default accident towing coverage. You can claim up to S$300 for towing charges in the event of an accident. Moreover, they have a 24-hour towing helpline that can send a response team.
While the policy lacks add-ons and optional benefits, it does cover all the basic risks.
What plans are available: There are three comprehensive plans available — Value, Essential, and Premium. All plans offer all the key features of a comprehensive plan, but with a few key differences.
The Value Plan is great if you're looking for a basic plan, as it simply covers liabilities towards a third party and your car.
Meanwhile, the Essential Plan covers yourself and unnamed drivers authorised or permitted by you to drive your vehicle, in addition to liabilities towards a third party and your car. With this plan, you may choose among Great Eastern General’s authorised workshops.
If you value workshops, then getting the Premium Plan would be the right one for you. It’s a plan that covers all of the above mentioned in the Essential plan, plus repairs that may be made at any workshop of your choice.
Annual Premium: S$1,059.44 (Premium), S$882.87 (Essential), S$812.24 (Value)
AIG Car Insurance: Best for protection against collision-related accidents
Why it's good: AIG is one of the most well-known insurance companies in the world and is also the go-to car insurer in Singapore.
The Collision-Only plan covers specifically for collision-based accidents such as collisions with another vehicle, damages from hit-and-run, and fire protection (if your car catches fire as a result of a collision with another vehicle). The plan also offers coverage third-party property damage of up to S$5,000,000 and unlimited coverage for death or injury to third parties.
Moreover, you can limit the coverage of the policy to drivers aged 30, 35, or 40 years and above to enjoy a lower premium, or customise the coverage by selecting your expected mileage usage over the next 12 months.
For those who want more protection, the Car Insurance Complete plan provides additional protection such as coverage for theft, flood, windscreen/windows, and riots. The plan also offers coverage of up to S$5,000,000 for damage to third-party property, and unlimited coverage for death or injury to third parties.
What plans are available: Car Insurance Collision-Only and Car Insurance Complete.
Annual premium: From S$1,031.43 (Collision-Only), S$1,099.09 (Complete)
MSIG Car Insurance — MotorMax: Best for the budget-conscious
Why it’s good: MSIG is one of the longer-standing insurance companies in Singapore for car insurance, and it has a well-built-up network of over 30 authorised workshops. More conservative, brand-conscious drivers would want to consider this provider.
Apart from a solid reputation, we also like that MSIG offers a car loan protection benefit. If the car owner passes away, MSIG will pay off the loan so that the surviving family does not have to worry about the debt. Given that cars are so expensive in Singapore, this feature is definitely nice to have.
What plans are available: MSIG has two comprehensive car insurance plans: MotorMax and MotorMax Plus.
The main difference between them is workshop policy. For those who drive an older car that’s not under warranty, the cheaper MotorMax plan should be sufficient as there are over 30 authorised workshops islandwide.
You would need to opt for the more expensive MotorMax Plus to get benefits like loan protection, transport allowance and a replacement car.
Annual premium: From S$883.27 (MotorMax), S$1,015.76 (MotorMax Plus)
Allianz Motor Protect: Best for great value
Why it’s good: Cheap premiums doesn’t always mean less coverage.
Allianz Motor Protect offer a lifetime warranty on repairs to keep your car in great working condition. They also offer a complimentary courtesy car for each day your car is at the workshop undergoing repairs, up to 10 days per accident or breakdown.
Note: these benefits are exclusive to their comprehensive plan.
If you want less coverage, choose the third party only plan or third party, fire and theft only plan. They offer coverage of up to S$5,000,000 for damage to third-party property, unlimited coverage for death or injury to third party, legal representation and defence coverage of up to S$3,000.
There’s even an NCD protector available across all three plans if you want as an optional cover at an additional premium, for drivers with an NCD of 30% and above.
What plans are available: Third-Party Only, Third-Party, Fire & Theft Only, Comprehensive
Annual premiums: From S$576.20 (Third-Party Only), S$621.86 (Third-Party, Fire & Theft Only), S$777.01 (Comprehensive)
Singlife Car Insurance: Best for promotional rates
Why it’s good: Car insurance providers do insure ‘young and inexperienced drivers’, but impose a much higher excess (amount you pay out of pocket for repairs) if they are involved in an accident. This might be off-putting for young drivers and newbies who just got their licenses.
We mention this because Singlife is one of the more forgiving insurers when it comes to young driver coverage.
While other insurers define this high-risk group as anyone up to age 27, Singlife's cut-off age is 24 years old. Note that if you’ve had your license for less than two years, you’ll still be subject to the high excess.
What plans are available: Singlife offers three plans: Lite, Standard and Prestige.
The cheapest Lite plan looks substantial enough for most drivers, as it allows repairs in over 30 workshops islandwide, including some workshops that are authorised by car brands/distributors.
Should you get in an accident and make a claim, most insurers will reduce your NCD by 30%. Singlife cuts it by 10% for the Standard plan onwards. So if you are concerned about preserving your NCD, you can pay a bit more for Standard.
Prestige is the most expensive plan, but it comes with a waiver for the young and inexperienced driver excess. It also includes Singlife's complimentary service - eCall, a driver’s companion (device) that automatically gets help fast from the emergency team when an accident occurs.
You can also lock in your premium for two years, and/or opt to pay for your car insurance in instalments with a UOB or DBS/POSB credit card.
Annual premium: From S$1,124.57 (Lite), S$1,323.03 (Standard), S$1,852.24 (Prestige)
Income Car Insurance — Drivo: Best for emergency assistance
Why it’s good: Income is one of the most popular car insurance providers in Singapore for good reason. It’s well-known for its emergency assistance team, Orange Force, who will come to the accident scene to arrange for medical help, vehicle removal, and help you sort out the insurance claim.
This is a major selling point for drivers who have no idea where to begin in the event of an accident. We recommend Income to drivers who would appreciate this kind of help, especially at a time when you might be fretting over the accident.
Income Drivo also offers personal accident benefits of up to S$50,000 and medical expenses coverage of up to S$1,000.
Finally, you’ll automatically be granted a free NCD protector upon your next renewal if you have been enjoying 50% NCD with Income for the last two consecutive years.
What plans are available: For comprehensive car insurance, choose between Income Drivo Classic and Premium plans.
The main difference between them is workshop policy. The cheaper Drivo Classic plan restricts you to (close to 50) Income approved workshops islandwide, while Premium allows you to visit any workshop. Opt for the latter if you drive a car that’s still under warranty, and can only go to the dealer’s workshop.
Annual premium: From S$988.44 (Drivo Classic), S$1311.20 (Drivo Premium)
Read our full review of the Income Drivo Car Insurance plan here.
Income - Drivo: For electric vehicles
Why it’s good: You’ll realise that not all car insurance plans cover electric vehicles. With Income, you can choose from eleven different EV makes, including the likes of Tesla and BYD. You’ll then be required to choose between an annual rate or a pay-per-kilometre.
Income offers usage based insurance (UBI) for owners of EVs. You can choose from three different EV UBI plans, paying only based on how much (or how little) you drive as your insurance premiums are pegged to the mileage on your EV.
Their handy microsite also helps you to find the nearest electric vehicle charging station when you enter your postal code.
What plans are available: Car insurance with an annual premium rate, or premiums dependent on your usage.
Available promotions: Not applicable.
Annual premium: Unlike the instant quotes you can get for your traditional fuel-consuming car, you’ll have to wait three working days for the quote to be sent to your email.
Great Eastern Great EV Protect
Why it’s good: With Great EV Protect, this insurance plan covers any driver authorized by you.
Great EV Protect also covers damage to home contents caused by a fire from your charging station. In addition, it covers outpatient medical expenses due to electric shock while charging your vehicle.
What plans are available: Car insurance with an annual premium rate, or premiums dependent on your usage.
HLAS Car Insurance
Why it’s good: A well-known insurer with competitive car insurance plans, Hong Leong Assurance’s car insurance plans are known to be of good value for experienced drivers as it has competitive prices and one of the biggest discounts at NCD 50%.They offer all three plans, which are: Third-Party Only (TPO), Third-Party Fire & Theft (TPFT), and Comprehensive plans, though it should be noted that TPO/TPFT plans are not purchasable online.Overall, Hong Leong Assurance is great for safe drivers, though it may not be the best for young/ inexperienced drivers, as they have a high excess of S$3,000, and require potential policyholders to be between 27 and 65 to purchase.
Tips to get the best car insurance prices
Here are some tips to secure the lowest price possible for your car insurance plan:
- Compare car insurance premiums by getting free quotes online (don’t just settle for the first plan you land on!)
- Drive safe to avoid accidents and bump up your No Claims Discount (NCD)
- Opt for lower coverage on older cars as the premium prices could be higher than your car’s market value
- Maintain a good credit score
- Increase the excess
- Opt for pay-per-kilometre insurance
- Be on the lookout for discounts
Common FAQs related to car insurance
What does car insurance cover?
Car insurance can help protect you against any financial damages and losses that arise from a motor accident, such as the cost of repairing your vehicle and for towing services. It can also provide you and your passengers with coverage for medical expenses, death, and lost or damaged belongings.
Car insurance also covers accidental damage caused to the property of a third party. Lastly, you can also enjoy fringe benefits such as 24/7 emergency assistance and daily transport allowance while your car is in the workshop for repair.
Why do you need car insurance?
Car insurance is compulsory in order for you to drive a motor vehicle in Singapore. Driving without car insurance could lead to a fine of up to S$1,000 and/or a jail term of up to three months. You could also be disqualified for holding or obtaining a driving license for a period of 12 months. Legal implications aside, car insurance is also important to help protect you, your loved ones as well as third-parties from the financial repercussions of a motor accident.
How to compare car insurance?
To compare car insurance, you should first check the policy coverage details. Some important sections you should look out for include coverage for vehicle damage, medical expenses, personal accident coverage and liability to third parties.
Cost should also be a consideration, especially if you are tight on finances. Besides comparing the car insurance policies listed in this article, you can also get an instant quote online from different car insurance companies, with no strings attached.
How do I make a car insurance claim?
Here are some important things to take note when making a car insurance claim:
- Take pictures of the accident, including the damages to your vehicle and the other vehicles involved
- Do not move the vehicle if possible
- Get all the details and contact information of the parties involved
- Submit and file your claim within 24 hours of the accident
- Provide all evidence available to the insurance company
- Get your car repaired at a car workshop — this could be an authorised workshop, or any workshop, depending on your policy details
What happens to my car insurance if I sell my car?
If you decide to sell your car and plan on getting a new car, you can choose to cancel the current car insurance policy and receive a prorated refund while you get a new policy to cover your new car. However, if you’re not planning on getting another car, contact your insurance company to have them cancel it.
What is excess in car insurance?
Car insurance excess is the amount you have to pay out of your own pocket when you make a claim, but excess is only paid for your losses or during instances when you’re at fault. For example, if your policy excess is S$500 and your claim is S$2,000, you’ll only have to pay S$500 while your insurance company forks out the remaining S$1,500.
What is NCD in car insurance?
NCD stands for no claims discount, which is the percentage discount that your insurer takes off your car insurance premiums to reward you if you’ve not made any car insurance claims the previous year. This can range from 10% to 50% depending on the number of claims you make over the years.
You can even get an NCD protector to protect your NCD.
Compare best car insurance before renewing
We’ve shortlisted the 10 best car insurance plans for 2024, but this is by no means a static list. Insurers do change their premiums, policies and offerings all the time, so make sure you shop around when it’s time to renew your car insurance plan.
SingSaver has built a quote process to give you an overview of your options so you can choose the best plan within budget, and one that suits your needs too!
Get your quote here with just a click of a button!
Protected up to specified limits by SDIC.
Note: This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future healthcare needs.
If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.
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