Policy Owners’ Protection (PPF) Scheme
Budget Direct Insurance Policies are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as limits of coverage, where applicable, please contact Budget Direct Insurance or visit the General Insurance Association of Singapore (GIA) or SDIC websites (www.gia.org.sg or www.sdic.org.sg).
List of Insured Policies
Policies which are eligible for Policy Owners' Protection Scheme protection under the Deposit Insurance and Policies Owners' Protection Schemes Act 2011.
| Type of Insured Policy | Product Name |
|---|---|
| Policy of insurance which provides personal motor cover | Car Insurance |
| Policy of insurance which provides personal motor cover | Commercial Vehicle Insurance |
| Policy of insurance which provides personal motor cover | Motorcycle Insurance |
| Policy of insurance which provides personal travel cover | Travel Insurance |
