Promotions

Insure Your Tesla, Get Tesla Fractional Shares

Get rewarded when you insure your Tesla with ECICS. Enjoy complimentary Tesla fractional shares through our exclusive campaign with Phillip Securities - for a limited time only.

Promotions

Insure Your Tesla, Get Tesla Fractional Shares

Get rewarded when you insure your Tesla with ECICS. Enjoy complimentary Tesla fractional shares through our exclusive campaign with Phillip Securities - for a limited time only.

What’s Included in the Offer

What’s Included in the Offer

Complimentary Tesla Fractional Shares

Enjoy a first-of-its-kind reward — receive Tesla fractional shares when you insure your Tesla with ECICS.

Backed by Phillip Securities

This exclusive benefit is made possible through our partnership with Phillip Securities Pte Ltd, a trusted name in investments.

Full Motor Coverage for Your Tesla

Get comprehensive protection for your electric vehicle — including roadside assistance, accident repairs, and windscreen claims.

Recognised NCD & 24/7 Support

Transfer your NCD from other insurers and enjoy peace of mind with our round-the-clock claims support.

Grow Family Savings with Every Drive

This is an ECICS-exclusive plan where every safe year of driving earns 10% Family-NCD up to 50%! Redeem when family drivers buy their own cars.
Policyholder purchases the Comprehensive Family NCD Builder Plan along with a Named Driver
Named Driver enjoy up to 50% discount on a new policy when they purchase a new vehicle
Terms & Conditions
Terms and conditions apply. Discount is automatically applied. Not stackable with other promos.

Grow
Family
Savings
with Every Drive

This is an ECICS-exclusive plan where every safe year of driving earns 10% Family-NCD up to 50%! Redeem when family drivers buy their own cars.
Policyholder purchases the Comprehensive Family NCD Builder Plan along with a Named Driver
Named Driver enjoy up to 50% discount on a new policy when they purchase a new vehicle

Promotion Eligibility

Available for new and renewal Tesla motor insurance policies only
Policy must be purchased directly from ECICS website
Tesla vehicle must be registered in Singapore
Terms & Conditions

Discount is automatically applied. Not stackable with other promos. Click here to see Terms and conditions

How to Redeem

1.
Buy or Renew Your Tesla motor insurance policy directly from ECICS
3.
Submit your POEMS account number to ECICS after policy activation.
2.
Open a POEMS account under the policyholder’s name

(if you don’t have one)

4.
Receive your Tesla fractional shares in your POEMS account approximately 3 months after policy activation.
1.
Buy or Renew Your Tesla motor insurance policy directly from ECICS
2.
Open a POEMS account under the policyholder’s name

(if you don’t have one)

3.
Submit your POEMS account number to ECICS after policy activation.
4.
Receive your Tesla fractional shares in your POEMS account approximately 3 months after policy activation.

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Frequently Asked Questions

What happens if the policy is cancelled?

The moment the policy has lapsed/ceased, the Family NCD benefit will likewise cease. All earned Family-NCD will be forfeited. However, we understand that there could be various reasons why customers may temporarily not own a car therefore do consult us to see how we can help.

How do I get a quote?

Contact us at +65 6206 5588 (Mon - Fri excluding Public Holiday, 8:30am - 6:00pm) or write to us at customerservice​@ecics.com.sg.

Is my NCD transferable?

In principle, your NCD applies to you and not to your vehicle. For example, if you sell your vehicle and buy another one, you will retain your NCD. However, if you own more than one vehicle, you might have a different NCD for each vehicle. You should check the details with your insurer, but generally: Your NCD can- - Be transferred if you decide to switch insurer. - Be transferred to another vehicle you own, but it cannot be applied to more than one vehicle at any point in time. For example, if you have accumulated a 30% NCD while using one vehicle, it does not follow that the same NCD applies to any other vehicle that you own or decide to buy. In other words, you will have to earn the NCD for each vehicle separately Your NCD cannot- - be transferred to another person, except for your spouse and within the current insurer only. Transfer of NCD to your spouse will not be applicable if you renew your policy with another insurer.

How does the deductible work?

The deductible is the amount payable by you for each and every claim made against the policy.

Can I be eligible for another round of Tesla Fractional Shares on my renewal?

Yes, you will qualify for this promotion when you renew your Tesla Motor Insurance, as long as no claims have been filed during the policy year.

Why is the policy not exactly 12 or 24 months?

The coverage period for our Enhanced MaidAssure is 14 months or 26 months with the additional 2 months included as mandated by the Ministry of Manpower (MOM) in case the FDW overstays in Singapore after her work permit expires.

Do you cover everyone who use my motorcycle?

All riders need to be named in the policy. Unnamed riders are not covered.

Can I used the Family-NCD to purchase from another insurer?

It is not transferrable to other insurers. This is a unique and innovative feature of our product to provide customers and their loved ones the best value they can get.

If I have 2 policies (2 vehicles) insured with ECICS and bought Family NCD plans with a member appearing in both policies. What will happen if one of the policy experiences an accident claim by the Family NCD member (named driver)?

The policy that experiences the accident claim will have the entire group of Family NCD members' (named drivers) Family-NCD reduced according to the GIA NCD framework (https://gia.org.sg/). We believe that promoting safe driving is a family affair. However, the other policy with us will not be affected, all earned Family-NCDs in that policy will remain intact.

Can I claim against a foreign registered motorist?

It is advisable to make a claim on your own insurance policy. Making a claim against motorists from another country can turn out to be costly and time-consuming. If you are not at fault, your NCD will not be affected.

If the policyholder experience an accident claim on the Comprehensive Family NCD Builder Plan what will happen to all the Family NCD members who are in the policy?

All earned Family-NCD will be reduced according to the GIA NCD framework (https://gia.org.sg/). However, with the Family NCD benefit still in place, it means all the Family NCD members can continue to earn 10% with each year of safe driving (max at 50%).

Does the NCD Protector protect all the Family NCD members?

No, it does not. ECICS NCD Protector only protects the policyholder/insured. It does not extend to cover all the Family NCD members.

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