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Hey There!

 

These days, almost everyone has heard of the term “sustainability”. It’s a pretty vague term which encompasses a lot of different fields. You could be talking about sustainable practices F&B companies put in place to preserve marine wildlife. Or perhaps, sustainable farming strategies?

 

Like the word 'literally', it's used all the time.

 

And one form of sustainability that is rapidly on the rise is sustainability in the field of vehicles.

 

A simple Google search would unearth hundreds of tips you could implement today to make your car more sustainable. Use a car catalytic converter to preserve air quality! Stop using regular petrol!

 

The list goes on.

 

However, we noticed that amongst this chatter about car sustainability, no one talks about car safety. No one talks about the number of road accidents that happen each year. (Hint, it’s more than you might think.) Shouldn’t you prepare for those as well?

Be Insured.


While we value sustainability at CIMB Bank and view it as a priority, being adequately insured against car accidents and relevant road threats is just as important. With the ridiculous number of cars on the road in Singapore, it might even be more so!

 

In Singapore, the average cost of a car is around S$115,460, once you factor in the Certificate of Entitlement (COE) and other related charges and fees. This makes your vehicle a significant financial investment. With most Singaporeans choosing to keep their cars for a full 10 years before replacing it, you need to know that your investment is fully protected.



Product Highlight
 

CIMB’s PrivateCAR insurance protects you from the following:

 

·       Unlimited coverage to replace your windscreens, windows and glass roof.

 

·       Any loss or damage to your vehicle due to accidents, fire and theft.

 

·       Protection from floods, windstorms, riots, strikes and other forms of civil         commotion.

 

·       In the event of permanent disablement or death, you will be covered of up         to S$20,000. If you require medical assistance for your injury, you’ll be         covered up to S$500.



Do right by your family, and your car. Get insured today. 


 

Best Wishes,

 

Octo.

 

 

Important Notes & Disclaimer

Sources:

https://www.statista.com/statistics/875848/number-of-casualties-in-traffic-accidents-in-singapore-by-road-user/

 

https://blog.seedly.sg/factors-cost-car-price-singapore/

 

This article is brought to you by CIMB as part of our ongoing efforts to raise the level of financial literacy amongst Singaporeans. Financial knowledge and understanding are key to making well-informed and meaningful financial decisions that will improve everyone’s well-being. This in turn, achieves CIMB’s purpose of advancing customers and society.