Auto insurance helps you to drive with confident. Different types of vehicles come under auto insurance. Many banks and companies offer auto insurance. HSBC is one of them. It offers classic and premium plans. Classic plans cover basic needs, whereas the premium plans provides the key protection. The complete details about the HSBC auto insurance are mentioned below here.

HSBC Auto Insurance:
Classic Plan::

They give S$20,000 for the personal accidents. If the person is dead or have got permanent disability, then also they provide S$20,000. They also give S$500 for medical expenses. The medical expenses amount is for all passengers. Each receives S$500.

Premium Plans:

The various features of this plan are listed below here.

• The old car is replaced with the new one, if the car is less than 12 months old. They give a car of same make and model. They provide enough money to buy the new one.
• S$50,000 is given for personal accidents. If the person is dead or have got permanent disability, then also they provide S$50,000. They also give S$1,500 for medical expenses. The medical expenses amount is for all passengers. Each receives S$1,500.
• Compensation benefit of S$1,000 is given for incidents of car theft. Replacement expenses of S$1,000 are given for lost part due to car theft. S$500 is given for loss of personal items in car theft. There is also coverage of S$500 for occurrence of car theft.
• There is also option of courtesy cars available n HSBC workshops. It can be used in emergency situations.
• if you are entitled to 40% or 50% of No Claim Discount (NCD), then you can get full waiver of up to S$2,000 of your policy excess. If the No Claim Discount (NCD) is less than 40%, then you can get 50% waiver of your policy excess.

Source: Auto Insurance