Nice Japanese Launches EV Insurance coverage Plan to Meet Singapore’s Rising Demand – TechToday




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Nice Japanese has launched a brand new standalone electrical automobile (EV) insurance coverage plan, GREAT EV Shield, to help Singapore’s transition to an EV-only future.

The plan affords a spread of advantages particularly designed for EV house owners together with outpatient medical claims resulting from electrical shock from an EV charging station as much as S$1,000.

On prime of that, EV house owners will obtain dwelling contents insurance coverage for harm brought on by fireplace from a non-public EV charging station at landed properties of as much as S$20,000 in addition to unintended harm to the proprietor’s non-public EV charging station as much as S$5,000.

The launch of GREAT EV Shield comes because the variety of EVs in Singapore is rising quickly. In 2022, the variety of EVs on the highway jumped by 122% in comparison with the earlier 12 months.

Beneath the Singapore Inexperienced Plan 2030, the Land and Transport Authority has rolled out a complete EV Roadmap to drive adoption which features a community of 60,000 charging factors across the island by then.

Nice Japanese continues to supply complete insurance coverage for each inner combustion engine (ICE) automobiles and hybrids by means of its ‘Drive and Save Plus’ plan. The plan offers private accident protection of as much as S$120,000.

Jimmy Tong

Jimmy Tong

Jimmy Tong, Managing Director of Common and Group Insurance coverage at Nice Japanese stated,

“The launch of our standalone EV insurance coverage plan is well timed and essential. The adoption of EVs will solely proceed to extend with the push for Singapore to affect all automobiles and construct a sustainable land transport system.


This implies we have to guarantee everyone seems to be well-covered by a safety plan tailor-made for distinctive incidents to EVs, which aren’t adequately addressed by typical inner combustion engine automobile insurance policies. GREAT EV Shield will give a peace of thoughts for our prospects, by making use of the identical rigour as our safety for drivers of non-electric automobiles with new protection for potential EV-only points.”


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