Private Car Insurance - Great Eastern Life

The Overseas Assurance Corporation Limited (Reg. No. 192000003W)(A wholly-owned subsidiary of Great Eastern Holdings Limited)1 Pickering Street, #13-01 Great Eastern Centre, Singapore 048659Tel (65) 6248 2000 Fax (65) 6532 2214 greateasternlife.comPrivate Car InsuranceWHEREAS the Insured by a proposal and declaration which shall be the basis of this contract and is deemed to be incorporatedherein has applied to The Overseas Assurance Corporation Limited (hereinafter called the Corporation) for the insurancehereinafter contained and has paid or agreed to pay the Premium as consideration for such insurance.NOW THIS POLICY WITNESSETH that in respect of events occurring during the Period of Insurance and subject to theterms exceptions and conditions contained herein or endorsed hereon (hereinafter collectively referred to as the Terms of thisPolicy).IMPORTANT NOTICE1) We would remind you that you must disclose to us, fully and faithfully, the facts you know or ought to know, otherwise youmay not receive any benefit from your policy.2) Please examine the Policy carefully to ensure that it meets with your requirements and has been prepared correctly.( 1 )

SECTION 1 – INSURANCE ON THEMOTOR VEHICLE1. Loss or DamageThe Corporation will indemnify the Insured againstaccidental loss of or damage to the Motor Vehicle andits accessories and spare parts whilst thereon arisinganywhere within the Geographical Area or whilst intransit by direct sea route across the straits betweenthe island of Penang and the mainland or across thestraits between Changi Point, Singapore and TanjongBerlungkor, Johore.At its own option the Corporation may pay in cash theamount of the loss or damage or may repair reinstateor replace the Motor Vehicle or any part thereof or itsaccessories or spare parts.The liability of the Corporation shall not exceed thevalue of the parts lost or damaged and the reasonablecost of fitting such parts. The Corporation’s maximumliability shall be limited to the prevailing market value ofthe Motor Vehicle at the time of the loss or damage butnot exceeding the Insured’s Estimate of Market Valuestated in the Schedule.2. Replacement PartsIn the event of loss of or damage to the Motor Vehicleand/or its accessories or spare parts necessitating thesupply of a part not obtainable from stocks held in thecountry in which the Motor Vehicle is held for repair orin the event of the Corporation exercising the option topay in cash the amount of the loss or damage the liabilityof the Corporation in respect of any such part shall belimited to(a) (i)(ii)the price quoted in the latest catalogue or pricelist issued by the manufacturer or his agentsfor the country in which the Motor Vehicle isheld for repair orif no such catalogue or price list exists the pricelast obtained at the manufacturer’s works plusthe reasonable cost of transport otherwisethan by air to the country in which the MotorVehicle is held for repair and the amount ofany relative import duty and(b) the reasonable cost of fitting such part.3. Protection and Removal after AccidentIf the Motor Vehicle is disabled by reason of loss ordamage insured under this Policy the Corporation willsubject to a limit of $300 bear the reasonable cost ofprotection and removal to the nearest repairers and ofdelivery within the country where the loss or damagewas sustained.4. Authority to RepairThe Insured may authorise the repair of the Motor Vehiclenecessitated by damage for which the Corporation maybe liable under this Policy provided that(a) the estimated cost of such repair does not exceed$300.(b) a detailed estimate of the cost is forwarded to theCorporation without delay.5. Hire Purchase AgreementIf to the knowledge of the Corporation the Motor Vehicle isthe subject of a Hire Purchase Agreement any payment incash including payment in-lieu-of-repair shall be made tothe Hire Purchase Owner(s) described in the Schedule ofthe Policy whose receipt shall be full and final dischargeto the Corporation in respect of such loss or damagewhilst nothing herein shall be construed as constitutingthe Insured an agent or trustee for the Owners or as anassignment (whether legal or equitable) by the Insuredto the Owners of his rights benefits and claims underthis Policy, it being understood and agreed that theInsured shall not assign his rights benefits and claimsunder this Policy without the prior consent in writing tothe Corporation.EXCEPTIONS TO SECTION I1. The Corporation shall not be liable to pay for(a) loss of use or any other consequential loss.(b) depreciation wear and tear mechanical or electricalbreakdowns failures or breakages.(c) damage to tyres unless damage is caused to otherparts of the Motor Vehicle simultaneously in thesame accident.2. Notwithstanding anything contained in Section I-1 (Lossor Damage) of this Policy to the contrary the Corporationshall not be liable whilst the Motor Vehicle is in transit(including loading and unloading) between:(a) Singapore and her offshore islands.(b) West Malaysia and her offshore islands otherthan Penang.SECTION II – LIABILITY TO THIRDPARTIES1. Indemnity to the InsuredThe Corporation will indemnify the Insured against allsums including claimant’s costs and expenses whichthe Insured shall become legally liable to pay in respectof(a) death of or bodily injury to any person an unlimitedamount in respect of any one claim or series ofclaims arising out of one event.(b) damage to property subject to a limit of $5,000,000in respect of any one claim or series of claimsarising out of one event.where such death or bodily injury or damage arises outof an accident caused by or arising out of(i) the use of the Motor Vehicle(ii) the driving by the Insured of any private motorvehicle other than those hired (under a hire purchaseagreement or otherwise) to him or his employer orhis partner.2. Indemnity to Authorised DriversThe Corporation will indemnify any Authorised Driver whois driving the Motor Vehicle against all sums includingclaimant’s costs and expenses which such AuthorisedDriver shall become legally liable to pay in respect of(a) death of or bodily injury to any person an unlimitedamount in respect of any one claim or series ofclaims arising out of one event.(b) damage to property subject to a limit of $5,000,000in respect of any one claim or series of claimsarising out of one event.where such death or bodily injury or damage arisesout of an accident caused by or arising out of the useof the Motor VehicleProvided that such Authorised Driver(i) is not entitled to indemnity under any other policy.(ii) shall as though he were the Insured observe, fulfil( 2 )

and be subject to the Terms and Conditions of thisPolicy insofar as they can apply.3. Indemnity to Personal RepresentativesIn the event of the death of any person entitled toindemnity under this Section the Corporation will inrespect of the liability incurred by such person indemnifyhis personal representatives in the terms of and subjectto the limitations of such Section provided that suchrepresentatives shall as though they were the Insuredobserve, fulfil and be subject to the Terms of this Policyinsofar as they can apply.4. ExpensesThe Corporation will pay all costs and expenses incurredwith its written consent.5. Representation and DefenceThe Corporation may at its own option(a) arrange for representation at any inquest or inquirythe subject matter of which may give rise to indemnityunder this Section.(b) undertake the defence of proceedings in any Courtof Law in respect of any act or alleged offencecausing or relating to any event which may be thesubject of indemnity under this Section.(c) arrange at the request of the Insured and paysubject to an amount of $3,000 for legal servicesfor defence of any charge of causing death bydriving the Motor Vehicle other than murder whichmay be brought against the Insured or any otherperson who is driving on the Insured’s order or withhis permission in respect of any death which maybe the subject of indemnity under this Section.EXCEPTIONS TO SECTION IIThe Corporation shall not be liable in respect of(a) death of or bodily injury to any person arising out ofand in the course of such person’s employment by theperson claiming to be indemnified under this Section.(b) damage to property belonging to or held in trust by orin the custody or control of(i) the Insured or any member of his household.(ii) any Authorised Driver claiming to be indemnified underSection II-2 or any member of his household.SECTION III – MEDICAL EXPENSESThe Corporation will subject to an amount of $300 in respectof each person injured pay to the Insured the reasonablemedical expenses incurred in connection with any bodily injuryby violent accidental external and visible means sustainedby the Insured or Authorised Driver or any passenger ofthe Motor Vehicle as the direct and immediate result of anaccident to the Motor Vehicle.SECTION IV – PERSONAL ACCIDENTBENEFITSThe Corporation undertakes to pay compensation to theInsured or his personal representative on the scale providedbelow for bodily injury sustained by the Insured(a) in direct connection with the Motor Vehicle or(b) whilst mounting into dismounting from or travelling in anyprivate motor vehicle and caused by violent accidentalexternal and visible means which independently of anyother cause (excepting medical or surgical treatmentconsequent upon such injury) shall within three calendarmonths of the occurrence of such injury result in:-Scale of Compensation1) Death $20,0002) Total and irrecoverableloss of all sight in botheyes3) Total loss by physicalseverance at or abovethe wrist or ankle ofboth hands or both feetor of one hand togetherwith one foot4) Total loss by physicalseverance at or abovethe wrist or ankle ofone hand or one foottogether with the totaland irrecoverable lossof all sight in one eye5) Total and irrecoverableloss of all sight in oneeye6) Total loss by physicalseverance at or abovethe wrist or ankle ofone hand or one foot$20,000$20,000$20,000$10,000$10,000Payment shall be made under onlyone of sub-section (1) to (6) in respectof any one occurrence and the totalliability of the Corporation shall notin the aggregate exceed the sum of$20,000 during any one period ofinsurance.PROVIDED ALWAYS that(a) the Insured is not less than 16 or more than 65 yearsof age at the time of such injury.(b) no compensation shall be payable in respect of deathor injury directly or indirectly wholly or in part arising orresulting from or traceable to (1) intentional self-injurysuicide or attempted suicide (whether felonious or not)physical defect or infirmity or (2) an accident happeningwhilst the Insured is under the influence of intoxicatingliquor or drugs.NO CLAIM DISCOUNTIn the eventof the Insuredbeing theholder ofany Policy orPolicies withthe Corporationin respectof any othermotor car ormotor carscompensationshall berecoverableunder onePolicy only.In the event of no claim being made or arising under this Policyduring a period of insurance specified below immediatelypreceding the renewal of this Policy the renewal premiumshall be reduced as follows:-Period of InsuranceDiscountThe preceding year 10%The preceding two consecutive years 20%The preceding three consecutive years 30%The preceding four consecutive years 40%The preceding five or more consecutive years 50%If at the time of a claim the No-Claim-Discount is 40% or50% the No-Claim-Discount shall be reduced to 10% or20% respectively at the next renewal of the Policy. If theNo-Claim-Discount is 30% or less then the whole No-Claim-Discount is rescinded.( 3 )

If more than one claim is made during any one periodof insurance the entire No-Claim-Discount is rescindedirrespective of the percentage earned.If more than one motor vehicle is described in the Schedulethe No-Claim-Discount shall be applied as if a separate Policyhad been issued in respect of each such motor vehicle.If the Corporation shall consent to a transfer of interest in thisPolicy the period during which the interest was in the Transferershall not accrue to the benefit of the Transferee.The No-Claim-Discount is not affected by any notificationor information which the Insured is obliged to provide tothe Corporation unless it is in relation to a claim made onthe Corporation.GEOGRAPHICAL AREAWest Malaysia, the Republic of Singapore and that part ofThailand within 50 miles of the border between Thailand andWest Malaysia.LEGISLATIONMotor Vehicles (Third-Party Risks and Compensation)Act (Chapter 189), Motor Vehicles (Third-Party Risks andCompensation) Rules, 1960, Road Transport Act, 1987(Malaysia) And Motor Vehicles (Third-Party Risks) Rules,1959 (Malaysia).JURISDICTION CLAUSEThe indemnity under this Policy shall not apply in respect ofjudgements which are not in the first instance delivered by orobtained from a Court of competent jurisdiction within WestMalaysia or the Republic of Singapore.AVOIDANCE OF CERTAIN TERMS ANDRIGHT OF RECOVERYIf the Corporation is obliged by virtue of the Legislation or theAgreement executed between the Minister of Transport of theGovernment of Malaysia and the Motor Insurers’ Bureau ofWest Malaysia on 15 January 1968 or the Agreement executedbetween the Minister for Finance of the Republic of Singaporeand the Motor Insurers’ Bureau of Singapore on 22 February1975 to pay an amount for which the Corporation would nototherwise be liable under this Policy the Insured shall repaythe amount to the Corporation.AUTHORISED DRIVER ANDLIMITATIONS AS TO USEAs described in the Certificate of Insurance.GENERAL EXCEPTIONSThe Corporation shall not be liable in respect of1. any accident loss damage or liability caused sustainedor incurred.(a) outside the Geographical Area.(b) whilst any motor vehicle in respect of which indemnityis provided by this Policy is(i) being used otherwise than in accordance withthe Limitations as to Use.(ii) being driven by or is for the purpose of beingdriven by him in the charge of any personother than an Authorised Driver.(iii) being driven by the Insured or by any personon the order of or with the permission ofthe Insured whilst under the influence ofintoxicating liquor or drugs.Provided that conviction against the driver for anoffence under Sections 68 to 71A of the RoadTraffic Act 1970 (Chapter 276) incorporating allamendments up to that date or any statutorylaw prohibiting the abuse of drugs shall beconclusive evidence for Exception 1(b)(iii) toapply where the offence was committed atthe time of an accident or event giving rise toa claim under this Policy.Reference to a provision of an Act of Parliamentshall be deemed to include any amendmentthereof or any corresponding provision in anAct passed in substitution.(iv) being used or driven when it is not registeredunder the Road Traffic Act, 1970 or when itsregistration under the Road Traffic Act, 1970has been cancelled.2. any accident loss damage or liability (except so far as isnecessary to meet the requirements of the Legislation)directly or indirectly proximately or remotely occasionedby contributed to by or traceable to or arising out of orin connection with(a) war invasion act of foreign enemies hostilities orwarlike operations (whether war be declared or not)civil war mutiny rebellion revolution insurrectionmilitary or usurped power.(b) strike riot civil commotion.(c) detention seizure confiscation or any attemptthereat.(d) flood typhoon hurricane volcanic eruption earthquakeor other convulsion of nature.or by any direct or indirect consequences of any of thesaid occurrences and in the event of any claim hereunderthe person claiming to be indemnified shall prove thatthe accident loss damage or liability arose independentlyof and was in no way connected with or occasionedby or contributed to by or traceable to any of the saidoccurrences or any consequence thereof and in defaultof such proof the Corporation shall not be liable to makeany payment in respect of such a claim.3. any liability which attaches by virtue of an agreementbut which would not have attached in the absence ofsuch agreement.4. (a) any accident loss or damage to any propertywhatsoever or any loss or expense whatsoeverresulting or arising therefrom or any consequentialloss.(b) any liability of whatsoever nature.directly or indirectly caused by or contributed to byor arising from ionising radiations or contaminationby radiations or contamination by radioactivity fromany nuclear fuel or from any nuclear waste from thecombustion of nuclear fuel. For the purpose of thisexception combustion shall include any self-sustainingprocess of nuclear fission.( 4 )

5. any accident loss damage or liability directly or indirectlycaused by or contributed to by or arising from nuclearweapons material.If a law or laws are named in a section of the Policy entitled“Avoidance of Certain Terms and Right of Recovery” or in thePolicy Schedule under the heading “Legislation” all referencesto specific sections of such laws are deemed to be deletedso that the references to such law or laws are left to apply toeach law in its entirety.CONDITIONS1. InterpretationThis Policy and the Schedule shall be read togetheras one contract and any word or expressions to whicha specific meaning has been attached in any part ofthis Policy or of the Schedule shall bear such specificmeaning wherever it may appear.2. Written NoticeEvery notice or communication to be given or madeunder this Policy shall be delivered in writing to theCorporation.3. Care of Motor VehicleThe Insured shall take all reasonable steps to safeguardthe Motor Vehicle from loss or damage and to maintain theMotor Vehicle in efficient condition and the Corporationshall have at all times free and full access to examinethe Motor Vehicle or any part thereof or any driver oremployee of the Insured. In the event of any accident orbreakdown the Motor Vehicle shall not be left unattendedwithout proper precautions being taken to prevent furtherloss or damage and if the Motor Vehicle be driven beforethe necessary repairs are effected any extension of thedamage or any further damage to the Motor Vehicle shallbe excluded from the scope of the indemnity granted bythis Policy.4. Notification of Accidents(a) In the event of any accident involving the MotorVehicle, irrespective of whether it would give riseto a claim, the Insured shall, together with theMotor Vehicle, call at the Corporation’s ApprovedReporting Centre and report the accident within 24hours of the accident or by the next working daythereof.(b) In case of theft or other criminal act which maygive rise to a claim under this policy the Insuredshall give immediate notice of the occurrence tothe Corporation and the police and co-operate withthe Corporation in securing the conviction of theoffender.(c)Every letter, claim, writ, summons and processshall be notified or forwarded unanswered to theCorporation immediately upon receipt. Notice shallalso be given to the Corporation immediately afterthe Insured or any person claiming to be indemnifiedshall have knowledge of any impending prosecution,inquest, inquiry or offer of composition in connectionwith any such accident and/or occurrence.This condition in its entirety is a condition precedentto liability and failure to comply with any of the aboverequirements in respect of any accident and/or occurrencewill result in the Insured being denied indemnity underboth Section I and Section II of the Policy in respect of thatparticular accident and/or occurrence. Notwithstandingthe No Claim Discount provisions set out herein, failureto comply with this condition precedent will additionallyresult in the Insured losing all or part of his No ClaimDiscount as set out below.CurrentNCDUponRenewal(Non-Reporting)50% 40%40% 30%30% 20%20% 10%10% 0%0% 0%* The Accident NCD to be applied first before the Non-Reporting NCD.In the context of this clause the following terms havethe following meanings assigned to them:* Accident NCD – Refers to the loss of percentage ofNo Claim Discount entitlement as a result of claimsarising from an accident.* Non-Reporting NCD – Refers to the loss of percentageof No Claim Discount as a result of not reporting or latereporting of an accident as set out under the Policy.5. Claims Procedure(a) No admission offer promise or payment shall be madeby or on behalf of the Insured or any person claimingto be indemnified without the written consent of theCorporation. The Corporation shall be entitled at itssole discretion to:-take over and conduct in the name of the Insured orsuch person the defence or settlement of anyclaim;prosecute in the name of the Insured or such personfor its own benefit any claim for indemnity or damagesor otherwise; and/orconduct and settle proceedings as it sees fit.The Insured accepts that the Corporation has theserights and that to evaluate and exercise these rights,the Insured and any person claiming to be indemnifiedmust assist the Corporation by:-providing all such information and assistance as theCorporation may require;allowing the Corporation the right to examine thenature and extent of all damage to the Motor Vehiclebefore it is repaired. The Corporation has thisright whether or not the Insured is entitled or intends toclaim an indemnity under this policy for the damageto the Motor Vehicle insured.(b) In case damage to the Motor Vehicle insured isindemnifiable by this policy the Insured shall decidewhether or not to claim for it and if so shall submit aclaim to the Corporation within fourteen days ofoccurrence or discovery of damage. The cost of repairis subject to adjustment by the Corporation before anyrepair may commence if it exceeds $300 in total.( 5 )

6. CancellationThe Corporation may cancel this Policy by giving sevendays’ notice by registered letter to the Insured at theInsured’s last known address and will return to theInsured the premium paid less the pro-rata portionthereof for the period the Policy has been in forcewhich amount the Insured has become liable to payor the Insured may cancel this Policy by giving sevendays’ notice to the Corporation and shall be entitled to areturn of the premium paid less the premium computedat the Corporation’s Short Period Rates for the periodthe Policy has been in force which amount the Insuredhas become liable to pay. Provided always that in eachevent no claim has arisen prior to the cancellation andthe Insured shall return the current Certificate(s) ofInsurance on or before the date of cancellation and paythe premium due promptly.7. Other InsuranceIf at the time any claim arises under this Policythere is any other insurance covering the sameloss damage or liability the Corporation shall notbe liable to pay or contribute more than its ratableproportion of any loss damage compensation costsor expenses. Provided always that nothing in thisCondition shall impose on the Corporation anyliability from which but for this Condition it wouldhave been relieved under proviso (i) of Section II-2 ofthis Policy.8. ArbitrationAll differences arising out of this Policy shall be referredto the decision of an Arbitrator to be appointed in writingby the parties in difference or if they cannot agree upona single Arbitrator to the decision of two Arbitratorsone to be appointed in writing by each of the partieswithin one calendar month after having been requiredin writing so to do by either of the parties or in case theArbitrators do not agree of an Umpire appointed in writingby the Arbitrators before entering upon the reference.The Umpire shall sit with the Arbitrators and preside attheir meetings and the making of an Award shall be acondition precedent to any right of action against theCorporation. If the Corporation shall disclaim liabilityto the Insured for any claim hereunder and such claimshall not within twelve calendar months from the date ofsuch disclaimer have been referred to arbitration underthe provision herein contained then the claim shall forall purposes be deemed to have been abandoned andshall not thereafter be recoverable hereunder.9. Conditions Precedent to The Corporation’s LiabilityThe due observance and fulfilment of the Terms of thisPolicy insofar as they relate to anything to be done ornot to be done by the Insured or any person claimingto be indemnified and the truth of the statements andanswers in the proposal shall be conditions precedentto any liability of the Corporation to make any paymentunder this Policy.CLAUSES/WARRANTIESA. The following Clauses/Warranties are applicable tothe Policy and are subject to its Terms, Exceptionsand Conditions.Non-Injury Motor Accident Report SchemeIn the event of accidents, Policyholders are requiredto lodge motor accident reports with their insurancecompanies.For injury accidents* or non-injury accidents involvinga government vehicle/damage to government property,a foreign vehicle**, a pedestrian or cyclist, or non-injury“hit-and-run” cases, drivers are required to lodge apolice reports in addition to the motor accident reportswhich they will still have to lodge with their insurancecompanies.* An injury accident is defined as one in which at leastone party involved in an accident was conveyed tohospital from the accident scene; or if conveyance tohospital was done through other transport, the partyis subsequently hospitalised, or given outpatientmedical leave of 3 days or more; or where no onewas conveyed to the hospital from the scene, latentinjury had subsequently developed which entailedhospitalisation, or outpatient medical leave of 3 daysor more.** Foreign vehicles are defined as all vehicles registeredin another country, all vehicles owned by visitingforces present in Singapore, all vehicles with USNor USG prefixes, and as a general rule, all vehiclesinsured by an insurance company not registered totransact general insurance business in Singapore.Exclusion of the Contracts (Rights of Third Parties)Act 2001A person who is not a party to this Policy shall have noright under the contracts (Rights of Third Parties) Act2001 to enforce any of its terms.IT ClarificationProperty damage covered under this Policy shall meanphysical damage to the substance of property. Physicaldamage to the substance of property shall not includedamage to data or software, in particular any detrimentalchange in data, software or computer programs that iscaused by a deletion, a corruption or a deformation ofthe original structure.Consequently the following are excluded from thisPolicy:A. Loss of or damage to data or software, in particularany detrimental change in data, software or computerprograms that is caused by a deletion, a corruptionor a deformation of the original structure, and anybusiness interruption losses resulting from suchloss or damage. Notwithstanding this exclusion,loss of or damage to data or software which is thedirect consequence of insured physical damage tothe substance of property shall be covered.B. Loss or damage resulting from an impairment in thefunction, availability, range of use or accessibilityof data, software or computer programs, and anybusiness interruption losses resulting from suchloss or damage.Terrorism ExclusionNotwithstanding any provision to the contrary within thisinsurance or any endorsement thereto it is agreed thatthis insurance excludes loss, damage, cost or expenseof whatsoever nature directly or indirectly caused by,resulting from or in connection with any act of terrorismregardless of any other cause or event contributingconcurrently or in any other sequence to the loss.For the purpose of this endorsement an act of terrorismmeans an act, including but not limited to the use offorce or violence and/or the threat thereof, of any personor group(s) of persons, whether acting alone or onbehalf of or in connection with any organisation(s) orgovernment(s), committed for political, religious, ideologicalor similar purposes including the intention to influenceany government and/or to put the public, or any sectionof the public, in fear.This endorsement also excludes loss, damage, costor expense of whatsoever nature directly or indirectly( 6 )

caused by, resulting from or in connection with any actiontaken in controlling, preventing, suppressing or in anyway relating to any act of terrorism.If the Corporation allege that by reason of this exclusion,any loss, damage, cost or expense is not covered bythis insurance the burden of proving the contrary shallbe upon the Insured.In the event any portion of this endorsement is found tobe invalid or unenforceable, the remainder shall remainin full force and effect.Payment Before Cover Warranty(For Non-Corporate Insured)1. Notwithstanding anything herein contained but subjectto clause 2 hereof, it is hereby agreed and declaredthat the total premium due must be paid and actuallyreceived in full by the Corporation (or the intermediarythrough whom this Policy was effected) on or beforethe inception date (“the inception date”) of thecoverage under the Policy, Renewal Certificate,Cover Note or Endorsement.2. In the event that the total premium due is not paidand actually received in full by the Corporation (orthe intermediary through whom this Policy waseffected) on or before the inception date referredto above, then the Policy, Renewal Certificate,Cover Note and Endorsement shall not attachand no benefits whatsoever shall be payable bythe Corporation. Any payment received thereaftershall be of no effect whatsoever as cover neverattached on the Policy, Renewal Certificate, CoverNote and Endorsement.Premium Payment Warranty(For Corporate Insured)1. Notwithstanding anything herein contained butsubject to clause 2 hereof, it is hereby agreedand declared that if the period of insurance is 60days or more, any premium due must be paid andactually received in full by the Corporation (or theintermediary through whom this Policy was effected)within 60 days of the:-(a) inception date of the coverage under the Policy,Renewal Certificate or Cover Note; or(b) effective date of each Endorsement, if any,issued under the Policy, Renewal Certificateor Cover Note.2. In the event that any premium due is not paid andactually received in full by the Corporation (or theintermediary through whom this Policy was effected)within the 60-day period referred to above, then:-(a) the cover under the Policy, Renewal Certificate,Cover Note or Endorsement is automaticallyterminated immediately after the expiry of thesaid 60-day period;(b) the automatic termination of the cover shallbe without prejudice to any liability incurredwithin the said 60-day period; and(c) the Corporation shall be entitled to a pro-ratatime on risk premium subject to a minimumof $25.00.3. If the period of insurance is less than 60 days, anypremium due must be paid and actually received infull by the Corporation (or the intermediary throughwhom this Policy was effected) within the periodof insurance.Condition PrecedentThe validity of this Policy is subject to the conditionprecedent that:(a) for the risk insured, the Named Insured has neverhad any insurance terminated in the last twelve(12) months due solely or in part to the breach ofany premium payment condition; or(b) if the Named Insured has declared that it hasbreached any premium payment condition in respectof a previous policy taken up with another insurerin the last twelve (12) months:(i) the Named Insured has fully paid all outstandingpremium for time on risk calculated by theprevious insurer based on the customary shortperiod rate in respect of the previous policy;and(ii) a copy of the written confirmation from theprevious insurer to this effect is first providedby the Named Insured to the Corporationbefore cover incepts.B. The following Clauses/Warranties are applicable onlywhen specifically mentioned in the Schedule and aresubject to the Terms, Exceptions and Conditions ofthe Policy.1 General ExcessIt is hereby understood and agreed thatnotwithstanding anything to the contrary in thisPolicy the Insured in respect of each and everyevent shall be responsible for the amount specifiedin the Schedule under the heading “Excess” (orany less expenditure which may be incurred)of any expenditure for which provision is madehereunder.The said expenditure incurred by the Corporationshall include any payments in respect of claimscosts and expenses and/or expenditure incurredby the Corporation in the exercise of its discretionunder Condition 5 forthwith.If the expenditure incurred by the Corporationshall include the amount for which the Insured isresponsible hereunder such amount shall be repaidby the Insured to the Corporation forthwith.For the purpose of this Endorsement the expression“event” shall mean an event or series of eventsarising out of one cause in connection with anyone motor vehicle in respect of or in connectionwith which indemnity is granted under this Policy.3(p) Third Party OnlyIt is hereby understood and agreed that SectionI (and its Exceptions), III & IV of this Policy arecancelled.It is further understood and agreed that the printedwording of Condition 3 of the Policy is also cancelledand is replaced by the following new Condition3. “The Insured shall take all reasonable steps tomaintain the Motor Vehicle in efficient conditionand the Corporation shall have at all times freeand full access to examine the Motor Vehicle orany part thereof or any driver or employee ofthe Insured.”3(q) Third Party Fire & TheftIt is hereby understood and agreed thatnotwithstanding anything to the contrary containedin Section I of this Policy the Corporation shallnot be liable thereunder except in respect of lossor damage by fire external explosion self-ignitionlightning, burglary, housebreaking or theft.It is further understood and agreed that Sections III& IV of this Policy are deemed to be cancelled.18 Fleet Rated Risk – Cancellation of No ClaimDiscountIt is hereby understood and agreed that the NoClaim Discount Clause of this Policy is deemed tobe cancelled.( 7 )

25 Strike Riot and Civil CommotionIt is hereby understood and agreed that the words“strike riot civil commotion” in General Exception2(b) of this Policy shall not apply to any accidentloss damage or liability directly caused by:-(1) the act of any person taking part together withothers in any disturbance of the public peace(whether in connection with a strike or lock-outor not) or the action of any lawfully constitutedauthority in suppressing or attempting tosuppress any such disturbance or in minimisingthe consequences of such disturbance.(2) the wilful act of any striker or locked out workerdone in furtherance of a strike or in resistance toa lock out or the action of any lawfully constitutedauthority in preventing or attempting to preventany such act or in minimising the consequencesof any such act.Provided that the indemnity given by reason of thisEndorsement shall not apply to any accident loss damageor liability (except so far as is necessary to meet therequirements of the Legislation) directly or indirectlyproximately or remotely occasioned by contributed to byor traceable to or arising out of or in connection with:(a) war invasion the act of foreign enemies hostilitiesor warlike operations (whether war be declared ornot) civil war(b) mutiny civil commotion assuming the proportionsof or amounting to a popular rising military risingrebellion revolution insurrection military or usurpedpower or any act of any person acting on behalf ofor in connection with any organisation with activitiesdirected towards the overthrow by force of theGovernment de jure or de facto or to the influencingof it by terrorism or violence or by the direct or indirectconsequences of any of the said occurrences.In the event of any claim hereunder the Insured shallprove that the accident loss damage or liability aroseindependently of and was in no way connected with oroccasioned by or contributed to by or traceable to any ofthe said occurrences or any consequence thereof and indefault of such proof the Corporation shall not be liableto make any payment in respect of such a claim.57 Flood Typhoon Hurricane Volcanic EruptionEarthquake or other Convulsion of NatureIt is hereby understood and agreed that the followingshall be deemed to be added to Section I-1 of thisPolicy after the words “thereon”“by flood typhoon hurricane volcanic eruptionearthquake or other convulsion of nature”It is further understood and agreed that the wordsmentioned in General Exception 2(d) of this Policyare deemed to be deleted.72(b) Legal Liability of Passengers for Acts of NegligenceIt is hereby understood and agreed that the Corporationwill at the request of the Insured indemnify in termsof Section II of this Policy any person mounting intoand dismounting from or travelling in the MotorVehicle such person being hereinafter called “thePassenger” provided that the Passenger:(i) is not driving the Motor Vehicle or in charge ofthe Motor Vehicle for the purpose of driving(ii)is not entitled to indemnity under any other Policy(iii) shall as though he were the Insured observefulfil and be subject to the Terms of this Policyinsofar as they can applyEXCEPTIONSThe Corporation shall not be liable in respect of(a) death of or bodily injury to any person in theemployment of the Passenger where such deathor bodily injury arises out of or in the course of suchemployment(b) damage to property belonging to or held in trust by orin the custody or control of the Insured or of thePassenger or being conveyed by the Motor Vehicle89 Breakage of Glass in Windscreen or WindowsIn consideration of an additional premium theindemnity provided by Section I of this Policy isdeemed to extend to any claim by the Insured forthe cost of reinstating any glass in the windscreenor in the windows of the Motor Vehicle followingbreakage of such glass (provided there is no furtherdamage to the Motor Vehicle) upto the amount statedin the Schedule under the heading “Breakage ofWindscreen” and that this shall be deemed not to bea claim for the purposes of the No Claim DiscountClause.For the purpose of this Endorsement any requirementin this Policy or any Endorsement thereto that theInsured shall be responsible for a specified firstsum of any amount otherwise payable shall be ofno effect.Provided that following the settlement of a claim thebenefit under this extension shall terminate unlessit is reinstated and a further additional premiumpaid.92 Leasing AgreementIt is hereby understood and agreed that the LeasingCompany mentioned in the Schedule (hereinafterreferred to as the Lessors) are the owners of theMotor Vehicle and that the Motor Vehicle is thesubject of a Leasing Agreement made betweenthe Lessors of the one part and the Insured of theother part. It is further understood and agreed thatany payment made in respect of loss or damage(which loss or damage is not made good by repairreinstatement or replacement) pursuant to any legalliability on the part of the Corporation to the Insuredunder Section I of this Policy shall be made to theLessors as long as they are owners of the MotorVehicle and their receipt shall be a full and finaldischarge to the Corporation in respect of suchloss or damage. It is also understood and agreedthat notwithstanding any provision in the LeasingAgreement to the contrary this Policy is issued tothe Insured as the principal party and not as agentor trustee for the Lessors and nothing herein shallbe construed as constituting the Insured an agent ortrustee for the Lessors or as an assignment (whetherlegal or equitable) by the Insured to the Lessorsof his rights benefits and claims under this Policyand further nothing herein shall be construed ascreating or vesting any right in the Owner/Lessor tosue the Corporation in any capacity whatsoever forany alleged breach of its obligations hereunder.Policy Owners’ Protection SchemeThis plan is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered underthe scheme as well as the limits of coverage, where applicable, please contact us or visit the General Insurance Association (GIA) or SDIC web-sites(www.gia.org.sg or www.sdic.org.sg).1 Pickering Street, #13-01 Great Eastern Centre, Singapore 048659 Tel (65) 6248 2000 Fax (65) 6532 2214 greateasternlife.comVDP/CF/Mar13/5k