NTUC Income has announced that it now offering usage-based auto insurance coverage for electric vehicles (EV), according to a Straits Times report.
The insurance cooperative told the news outlet that EV owners can now choose between three types of plans that allow them to pay premiums set to the mileage of their vehicle.
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“For Income, we are keeping our pulse on developments in this area and are staying agile to respond to evolving needs and to scale demand, where necessary,” Peter Tay, chief digital officer at NTUC Income, told Straits Times. “As