1. Type of Business
- Campaign Period: 1st November 2026 to 31st January 2027.
- Eligible Business: New Business and Renewals.
- Type of Cover: Comprehensive and Third Party Private Motor Insurance.
- Vehicle Use: Private, social and domestic purposes only.
- Participation: Policies issued through NAGICO's approved brokers, agents and direct business channels.
2. Eligibility Criteria
- The policyholder must be an individual, either male or female, with a valid NAGICO Private Motor policy.
- The policyholder must be the registered owner of the vehicle or have an established insurable interest supported by the relevant documentation.
- The policy must be issued or renewed during the approved campaign period.
- The policy must remain active at the time of entry and on the draw date, 31st March 2027.
- All drivers must meet NAGICO's standard age, driving experience and licensing requirements.
- Additional or named drivers are permitted, provided they are properly declared and accepted in accordance with our underwriting guidelines.
- All policies must comply with NAGICO's approved underwriting guidelines, rating structure and risk acceptance requirements.
- Policy rewrites, mid-term adjustments or reinstatements should not be treated as separate qualifying new business transactions.
3. Excluded Risks
The following will not qualify under the proposed underwriting criteria:
- Commercial and special-use vehicles, including taxis, maxis, PH vehicles, rentals and vehicles used for hire or reward.
- Fleet policies and vehicles registered to companies or other business entities.
- Policies cancelled, voided, lapsed or otherwise inactive at the time of the draw.
- Risks outside NAGICO's underwriting guidelines, treaty arrangements or approved risk appetite, unless appropriately reviewed and accepted under the normal approval process.
4. Underwriting Referral Requirements
The following risks will continue to require referral in accordance with our existing underwriting guidelines:
- Drivers aged 18–24 or 65 years and over.
- Drivers with recent claims or an adverse claims history.
- High-value, high-performance, modified or converted vehicles.
- Higher risk occupations or vehicle usage.
- Risks exceeding the assigned underwriting authority limits.
These referrals are part of our normal risk acceptance process and should not automatically disqualify a policyholder whose risk has been properly accepted.
5. General Underwriting Conditions
All policies remain subject to NAGICO's existing underwriting terms, conditions, exclusions, rating structure and approval requirements.
Participation in the campaign does not guarantee acceptance of an insurance proposal, preferential pricing, premium discounts or any relaxation of our standard underwriting requirements.
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