SINGAPORE – Budget Direct Insurance, a digital insurer, has announced the launch of its Commercial Vehicle Insurance product, specifically designed to meet the needs of businesses in Singapore.
This new offering demonstrates their commitment to providing value-driven insurance solutions, leveraging their direct-to-consumer model to offer competitive premiums and excellent customer service. Budget Direct’s new Commercial Vehicle Insurance provides comprehensive and third-party coverage for a range of light goods vehicles, including vans, lorries, and trucks. This insurance is tailored for small business owners, contractors, and fleet managers.
Since entering the Singapore market in 2016, Budget Direct Insurance has offered a variety of tailored insurance products, including car, motorcycle, and travel insurance. The company later expanded its offerings to include higher-risk car insurance, responding to the diverse needs of its customers.
By eliminating traditional intermediaries, the insurer reduces unnecessary costs. This allows customers to enjoy significant savings without compromising the quality of coverage. This approach has earned customer trust. Based on over 10,000 verified reviews on Feefo, an independent review platform, the insurer has an Exceptional rating of 4.7 out of 5.
Simon Birch, CEO of Budget Direct Insurance, emphasized the significance of the new offering:
“We are thrilled to expand our range of products with the introduction of Commercial Vehicle Insurance. Businesses rely on their vehicles as critical assets, and our goal is to provide them with affordable, reliable protection while maintaining the high standards our customers have come to expect. This launch is a testament to our dedication to meeting the evolving needs of businesses in Singapore.”
The new Commercial Vehicle Insurance product provides comprehensive and third-party plans for light goods vehicles. It is designed for small business owners, contractors, and those managing a fleet of commercial vehicles, offering coverage for diverse operational needs. Tradespeople such as plumbers, electricians, and other professionals who use their vehicles for work can also benefit from the new policy.
The policy protects against risks such as accidents, theft, and third-party liabilities. Customers can further customize their coverage to align with their specific operational requirements. Features such as optional add-ons, including 24-Hour Roadside Assistance and the No Claim Discount (NCD) Protector, are available. Customers can also choose the Any Workshop benefit, allowing vehicle repairs at their preferred workshop. This tailored approach ensures peace of mind and protection that fits their unique needs.
The launch of the Commercial Vehicle Insurance product is in line with Budget Direct Insurance’s mission to simplify the insurance process. The company is part of an international insurance group that provides solutions to millions of policyholders worldwide. With operations across four continents, the group includes one of the largest direct personal lines insurers in South Africa and a leading personal lines insurance intermediary in the United Kingdom. The group’s brands include Compare the Market in the UK, Budget Direct in Australia, and Telesure in South Africa.
Budget Direct Insurance’s policies are underwritten by Auto & General Insurance (Singapore) Pte. Limited and regulated by the Monetary Authority of Singapore (MAS). The company adheres to all MAS regulations, ensuring transparency, compliance, and reliability.
For more information about Budget Direct Insurance’s Commercial Vehicle Insurance, visit www.budgetdirect.com.sg/commercial-vehicle-insurance.
