New motor insurance policy for elderly drivers launched
A new motor insurance policy specially designed for elderly drivers has been rolled out by the Automobile Association of Singapore (AAS).
The "AA Senior Motor Plus" policy introduced on Thursday is targeted at drivers aged 65 and above. It was launched in collaboration with Liberty Insurance and the Singapore Optometric Association.
It will come with benefits such as a 5 per cent discount for eligible policyholders with 30 or more years of experience, and a free medical examination, required of drivers above 65 years old by the Traffic Police. "This policy will meet the needs of senior drivers and take into consideration their driving records and claims experience," said Mr Bernard Tay, president of AAS.
Most insurers believe that older drivers have slower reflexes and may be more accident-prone, said Mr Tay. But this view does not also consider that older drivers are more stable, emotionally mature and experienced, he added.