No. You’re eligible as long as you have a valid insurance policy issued by a Singapore-licensed insurer.

The deductible helps to prevent frequent claims and encourages responsible use of the policy. It also keeps the overall premium more affordable for all policyholders.

In the event of any loss or damage, your insurer for your primary insurance policy must have paid out a claim amount higher than your policy excess in order to seek reimbursement on the excess from your ECICS Non-Motor Excess Protector Insurance Policy. If the claim amount paid out is lower than your policy excess, you will not be able to seek reimbursement from your ECICS Non-Motor Excess Protector Insurance Policy.

Premiums vary depending on several factors, including the sum insured, the type of coverage, the excess amount on your primary policy, and your claims history. Each policy is unique, so premiums are tailored accordingly.

The deductible is the amount payable by you for each and every claim made against the policy.