ICMIF member NTUC Income (Income) is seeking to further consolidates its position as one of Singapore’s leading motor insurers by extending usage-based motor insurance (UBI) to electric vehicle (EVs) owners.

Income says the UBI model not only makes motor insurance more flexible, affordable and accessible for EV owners, it also supports the company’s commitment to insure all EVs in Singapore as part of its push towards Singapore Green Plan 2030 by accelerating EV adoption in Singapore. The Singapore Green Plan charts ambitious and concrete targets over the next 10 years, strengthening Singapore’s commitments under the UN’s 2030 Sustainable Development Agenda and Paris Agreement, and positioning the country to achieve its long-term, net zero emissions aspiration as soon as viable.