Promotions

Insure Your Tesla, Get Tesla Fractional Shares

Get rewarded when you insure your Tesla with ECICS. Enjoy complimentary Tesla fractional shares through our exclusive campaign with Phillip Securities - for a limited time only.

Promotions

Insure Your Tesla, Get Tesla Fractional Shares

Get rewarded when you insure your Tesla with ECICS. Enjoy complimentary Tesla fractional shares through our exclusive campaign with Phillip Securities - for a limited time only.

What’s Included in the Offer

What’s Included in the Offer

Complimentary Tesla Fractional Shares

Enjoy a first-of-its-kind reward — receive Tesla fractional shares when you insure your Tesla with ECICS.

Backed by Phillip Securities

This exclusive benefit is made possible through our partnership with Phillip Securities Pte Ltd, a trusted name in investments.

Full Motor Coverage for Your Tesla

Get comprehensive protection for your electric vehicle — including roadside assistance, accident repairs, and windscreen claims.

Recognised NCD & 24/7 Support

Transfer your NCD from other insurers and enjoy peace of mind with our round-the-clock claims support.

Grow Family Savings with Every Drive

This is an ECICS-exclusive plan where every safe year of driving earns 10% Family-NCD up to 50%! Redeem when family drivers buy their own cars.
Policyholder purchases the Comprehensive Family NCD Builder Plan along with a Named Driver
Named Driver enjoy up to 50% discount on a new policy when they purchase a new vehicle
Terms & Conditions
Terms and conditions apply. Discount is automatically applied. Not stackable with other promos.

Grow
Family
Savings
with Every Drive

This is an ECICS-exclusive plan where every safe year of driving earns 10% Family-NCD up to 50%! Redeem when family drivers buy their own cars.
Policyholder purchases the Comprehensive Family NCD Builder Plan along with a Named Driver
Named Driver enjoy up to 50% discount on a new policy when they purchase a new vehicle

Promotion Eligibility

Available for new and renewal Tesla motor insurance policies only
Policy must be purchased directly from ECICS website
Tesla vehicle must be registered in Singapore
Terms & Conditions

Discount is automatically applied. Not stackable with other promos. Click here to see Terms and conditions

How to Redeem

1.
Buy or Renew Your Tesla motor insurance policy directly from ECICS
3.
Submit your POEMS account number to ECICS after policy activation.
2.
Open a POEMS account under the policyholder’s name

(if you don’t have one)

4.
Receive your Tesla fractional shares in your POEMS account approximately 3 months after policy activation.
1.
Buy or Renew Your Tesla motor insurance policy directly from ECICS
2.
Open a POEMS account under the policyholder’s name

(if you don’t have one)

3.
Submit your POEMS account number to ECICS after policy activation.
4.
Receive your Tesla fractional shares in your POEMS account approximately 3 months after policy activation.

Trusted by People Like You

Thinking ahead? See how our Private Car Insurance protects what matters

Thinking ahead? See how our Private Car Insurance protects what matters

Frequently Asked Questions

If I cancel my policy, will I be entitled to a refund?

Refund Policy (Upon Policy Termination):0 to 30 days in force – 80% refund of premium31 to 90 days in force – 50% refund of premium91 to 180 days in force – 30% refund of premium181 days and beyond – No refund100% of the premium will be refunded if:a) The Policy is cancelled within 90 days from the policy effective date and replaced with a new ECICS Enhanced MaidAssure policy; orb) The In-Principal Approval (IPA) is terminated and the FDW did not enter Singapore.Provided there shall be no refund if: • Any claim has been made or has arisen under the Policy; or • The premium refund is less than $27.25 (inclusive of GST). Please refer to General Conditions point 19 of the policy wording for the full cancellation terms and conditions.

Can I 'free-look' the policy?

Yes, if you change your mind after the policy is issued, please write to us within 14 days from the date of receipt of the policy. We will refund you in full subject to no claims made under the policy.

Who should I look for if the shares are not credited into my account?

For questions regarding the crediting of Tesla Fractional Shares, please contact Phillip Securities' Customer Experience Unit at 6351 1555 or talktophilip@philip.com.sg.

What’s included in ECICS Business Package Insurance?

ECICS Business Package Insurance covers: 1) All Risks 2) Business Interruption 3) Money 4) Public Liability 5) Personal Accident on life of named proprietor/partner/director 6) Plate Glass 7) Fidelity Guarantee

What is a Foreign Worker Bond and why is it required?

A Foreign Worker Bond (commonly known as security bond) is a commitment to reimburse the government if either you or your foreign worker violates or fail to adhere to the terms and conditions of the work permit. This bond typically takes the form of a banker's or insurer's guarantee. For each non-Malaysian Work Permit holder you employ, you are required to purchase a $5,000 security bond.

I recently cancelled my FDW work permit, how do I cancel the policy?

MOM will issue the discharge letter 1 week after the FDW has left Singapore. Please provide us with a copy of the discharge letter to proceed with your cancellation.Please note that the effective date of insurance cancellation will be determined based on the discharge date from MOM, not the date when the work permit is cancelled.

When will the Security Bond be transmitted to MOM?

New and transfer maid policies purchased:• within 14 days before the effective date,MOM’s record will be updated within 3 working days after the policy purchase date• more than 14 days before effective date,MOM’s record will be updated within 14 days before policy start dateRenewal maid policy:• MOM’s record will be updated within 3 working days after the policy purchase date.Please check the MOM portal and ensure that the electronic transmission to MOM is completed before your FDW arrives in Singapore. Failure to do so will result in the Immigration and Checkpoints Authority denying her entry, and she will be sent back to her home country.

Do I need to cancel and buy a new policy if I need to replace my FDW after purchase?

Yes, the policy will need to be cancelled, and a replacement policy issued.

My FDW’s age is 61 years old, can I still renew her policy?

The eligibility criteria states that the insured FDW must be between 23 and 60 years old at the time of application. This means that individuals outside of this age range may not qualify for coverage under the insurance policy.

What happens to my policy if my FDW is returning to her home country and not coming back?

You will need to cancel her work permit to stop your levy and ensure that you keep a copy of her travel ticket or departure itinerary as proof. MOM will proceed to discharge the Security Bond after verifying that your FDW has left and did not re-enter Singapore. Upon discharge, you may proceed to request for policy cancellation.

Does your Motorcycle insurance cover me while I am riding in Malaysia or Thailand?

Our policy covers you when you ride your motorcycle in West Malaysia, the Republic of Singapore and that part of Thailand within 80.5km of the border between Thailand and West Malaysia.

What does your Motorcycle insurance cover?

We have 3 plans to suit your needs. The Comprehensive plan covers loss or damage to your motorcycle, as well as third party liability for bodily injury and property damage.

Do you offer NCD Protector for Motorcycle insurance?

Yes, ECICS motorcycle insurance policy comes with complimentary No Claim Discount Protector. It is free for our customers as long as you have NCD 10% and above.

Do I need Motorcycle insurance in Singapore?

Yes, it is illegal to use a vehicle in Singapore without a valid insurance cover. At a minimum, you must have third-party insurance, which covers injury or damage caused to other people and their property.

Do you cover everyone who use my motorcycle?

All riders need to be named in the policy. Unnamed riders are not covered.

What do I do if my vehicle is not drivable?

You may call our 24-hour helpline at +65 6206 5588 (option 9) to have your vehicle towed or alternatively you may call our Authorised Workshops in the list.

If I include a named driver in my private car policy, will my overall premium increase?

The premium of your car insurance policy is calculated based on the profiles of all the declared drivers including the named driver(s). Depending on the risk profiles of the drivers, the premium may remain the same, increase or decrease.

Why is it important to make an accident report?

The accident report will provide us with the necessary information should there be any claims made against you for the accident. Failure to report the accident may result in you handling and settling any claims on your own.

What is an “Unnamed Driver” in motor policy?

Unnamed Driver refers to someone who is not named under a private car policy.

Can I used the Family-NCD to purchase from another insurer?

It is not transferrable to other insurers. This is a unique and innovative feature of our product to provide customers and their loved ones the best value they can get.

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