Here’s your savings on DrivoTM when you opt for FlexiMileageTM.
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Up to 35% off with FlexiMileageTM[2] discount[3], which is based on your annual mileage.
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Additional premium savings with existing No Claim Discount of up to 50%.
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5% loyalty discount when you insure your vehicle with us for more than three years.
This is how FlexiMileageTM works.
- Register for FlexiMileageTM and select your DrivoTM car insurance plan.
- Install your Telematics device at our Motor Service Centre within 14 days of your application. This will allow us to verify your annual mileage travelled.
- Keep track of your car’s mileage at incomefleximileage.com.sg.
- Get 35% off your premiums if your mileage is below 5,000 km a year, and 20% off with an annual mileage of 5,000 to 9,000 km[3].
Let us walk you through FlexiMileageTM.
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Learn how FlexiMileageTM helps you save more when you drive less.
Sam's car insurance is due for renewal and the gross premium for his preferred DrivoTM Premium plan is $1,000.
He had clocked just 4,000 km for his annual mileage travelled, so he decides to opt for the FlexiMileageTM car insurance scheme1 to enjoy the FlexiMileageTM discount2.
Within the next 14 days of his application, he visits Income's Motor Service Centre to install his Telematics device.
Upon verifying his annual mileage travelled, he gets to enjoy 35% upfront discount off3 his motor insurance premium.
Sam also has an existing NCD of 50% and is eligible for a 5% loyalty discount as he had been insuring his car with Income for more than 3 years.
Net premium he needs to pay = $1,000 (Gross premium) - $500 (50% NCD) - $175 (35% mileage discount) - $16.25 (5% loyalty discount) = $308.75
For the next year he keeps his car's mileage to a minimum and tracks it regularly at www.incomefleximileage.com.sg
1 year laterSam manages to clock just 3,500 km and has been accident-free over the past year, so he gets to enjoy the same premium discounts as the year before by continuing to insure with Income.
Net premium he needs to pay = $1,000 (Gross premium) - $500 (50% NCD) - $175 (35% mileage discount) - $16.25 (5% loyalty discount) = $308.75
The above figures are for illustrative purposes only.
1 Owners of off-peak cars are also eligible for the FlexiMileageTM scheme, however the owners under the FlexiMileageTM scheme will not be eligible for any other discounts (except loyalty and no-claim discount, where applicable) or promotions offered to off-peak cars under the DrivoTM Premium, DrivoTM Classic and DrivoTM Prestige Plans.
2 The FlexiMileageTM discount is based on your car's annual mileage travelled.
3 The 35% FlexiMileageTM discount is applicable only to owners of cars under the FlexiMileageTM scheme who clock an annual mileage travelled of less than 5,000 km.
Information is correct as of 23 July 2019.
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Footnotes
- The maximum discount that can be achieved under the FlexiMileage™ scheme, assuming the owner of the car qualifies for 35% FlexiMileage™ discount, has 50% no-claim discount and is eligible for the 5% loyalty discount.
- Owners of off-peak cars are also eligible for the FlexiMileage™ scheme, however the owners under the FlexiMileage™ scheme will not be eligible for any other discounts (except loyalty and no-claim discount, where applicable) or promotions offered to off-peak cars under the Drivo™ Premium, Drivo™ Classic and Drivo™ Prestige Plans.
- The FlexiMileage™ premium discount is based on your car’s annual mileage travelled.
Exclusions
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
Important Notes
This is for general information only. You can find the usual terms and conditions of the FlexiMileage™ scheme at www.income.com.sg/FlexiMileage-policy-conditions.pdf, Drivo™ Classic and Drivo™ Premium plans at www.income.com.sg/car-policy-conditions.pdf, Drivo™ Prestige plan at www.income.com.sg/car-prestige-policy-conditions.pdf and Motor Insurance Extensions (Rider) at www.income.com.sg/car-rider-policy-conditions.pdf.
This policy 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 under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
Information is correct as of 23 July 2019.
Information is correct as of 29 September 2023.
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