Insurance again

Aprilia Rider SG

can anyone tell me wad the following means.
it is a quote from ntuc insurance

Thank you for your enquiry.

Our motor quotation is:

Cover Type: Comprehensive
Insured's Age: Below 21
Driving Experience: 0 to 1 Year
Occupation: Outdoor
Model: Aprillia
Vehicle Registration No: FN2399S
Year of Registration: 1996
Capacity: 100 to 199cc
No of Riders: Less than 3
Usage: Private Bike
Claims Experience: Nil
Excess: S$250

Net Premium after 20% NCD and 5%
offence free and 5% loyalty rebate(subject to eligibility):$897
GST is absorbed by NTUC Income

Gross Premium: S$1243
This is a standard quotation, valid for 60 days and subject to NTUC Income's
acceptance.

For further enquiries, please contact us at Tel: 788-5255.

like that how much is the most i can claim?
how much to pay ?

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TZR SG

dono lei~ hehe

ZecHs SG

err u have to pay the 800++ to renew?
and ur excess is 250?

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BeWaRe! AwAs! x|aO x|n!
| b|t3!!

kof-guy SG

the most u can claim is 80% of the current market value of yur bike loh.
ay just to let u know yur chia pai is in there leh, wanna delete up tou lah.

anyway yur premium is $1243 per year.
your excess is $250.

as for your $897 rebate... i not sure if it means it is the rebate you are given meaning you pay $1243 - $897 = $346, or does it mean it is what you pay AFTER all the discounts.
most likely is the latter.
that means your yearly premium is $897 after discounts and loyalty.
best is ask NTUC to find out.

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vroom...tingtingtingtingti...vroom~

ah_tee SG

WTF, 800 plus leh, u payin?

owm SG

My take on this is that the total premium is actually S$1243 but you will only pay S$897 (70% of 1243 is 870. Not sure why there is 27 dollars more).

Your excess is S$250. This means that if any repairs have to be carried out on your bike, if the amount is >S$250, the cost will be borne by NTUC fully. However, this would mean that your insurance premium would increase for the next year (ie >S$897). So there is a trade-off if your excess is evoked.