PROFESSIONAL INDEMNITY INSURANCE
REAL ESTATE AGENT
BENEFITS OF INSURANCE Plan A Plan B Real Estate Agent Professional Indemnity Insurance is
designed specially for members of Institute of Estate Agents.
Coverage Limit of Indemnity
This insurance covers claims made against you as a real estate
agent during the policy period in respect of acts committed after
a. Legal Liability $100,000 $200,000 the inception date of policy or retroactive date, if any.
We will pay for the legal costs incurred and
court award made against you for your With comprehensive cover at affordable premium, you can now
negligent acts, errors or omissions conduct your business with greater peace of mind.
Act now and sign up for this insurance today!
b. Loss or Damage to Documents $5,000 $5,000
We will pay for the costs and expenses in Real Estate Agent Professional Indemnity Insurance is
replacing or restoring documents belonging
underwritten by NTUC Income Insurance Co-operative Limited
and marketed by AVA Insurance Brokers Pte Ltd.
to your client whilst they are lost or damaged
during your safekeeping
For further enquiries and/or application,
kindly contact AVA Insurance Brokers Pte Ltd
c. Libel and Slander $5,000 $5,000 Tel: 6535-6838 | Web: www.ava-ins.com
We will pay for the legal costs incurred
and court award made against you for
claims on libel or slander
DEDUCTIBLES (each and every claim)
Legal Liability $2,000 $2,500
Loss or Damage to Documents $500 $750
Libel & Slander $500 $750
Annual Premium $107.00 $139.10
(Inclusive of GST)
Exclusive For Members of
This brochure is for general information and not a contract of AVA INSURANCE BROKERS PTE LTD Institute of Estate Agents
insurance. Please refer to the policy document provided by NTUC 133 New Bridge Road #10-01
Income for the precise terms, conditions, and exclusions. Chinatown Point Singapore 059413
Tel: +65 6535 6838 Fax: +65 6535 6828
Information is correct as at 1 January 2010 Company’s Registration No. 200706523M AVA INSURANCE BROKERS PTE LTD
Real Estate Agent Professional Indemnity Insurance Tell us what you wish to be covered Declaration
Please tick one:
APPLICATION FORM IEA Members I declare that the foregoing answers are true, correct and complete,
and, whether written by me or by anyone else on my behalf, I
Plan A: SGD 107.00 (inclusive of GST) accept full responsibility for them. I have not withheld any material
Statement Pursuant to Section 25(5) of the Insurance Act (Cap 142)
or any amendments thereof. You must disclose all facts as you information. I agree to inform NTUC Income immediately in writing
Plan B: SGD 139.10 (inclusive of GST) should I be aware of any changes to the above answers after I
know or ought to know which may affect the insurance cover being
applied for. Otherwise, the insurance policy issued may not be valid. submit this application to NTUC Income.
Other limits: _____________________
Non - IEA Members I agree that this application and other written answers, statements,
Tell us about Yourself information or declaration made by me or on my behalf shall form
Plan A: SGD 214.00 (inclusive of GST)
the basis of the contract of insurance between me and NTUC
Income under NTUC Income's Professional Indemnity Insurance.
Plan B: SGD 278.20 (inclusive of GST)
Name as in NRIC: _______________________________________ Other limits: _____________________ I also agree that there shall be no liability upon NTUC Income until
this application is accepted by NTUC Income and the premium
Period of insurance: 1 year from _________________________ paid in full.
Gender: Male Female
Please answer the following questions by ticking Yes or No
Date of birth: ___________________________________________
Questions Yes No
NRIC/Passport No: ______________________________________
1. Has any application for Professional Indemnity
Insurance made by you ever been declined or Signature of Applicant ____________________________________
Nationality: _____________________________________________ has such insurance ever been cancelled or
renewal declined? Date: _________________________________________________
Marital Status: __________________________________________
2. Have you ever been the subject of disciplinary
Home Address: ________________________________________ action or investigation by any authority or
3. Have any claims ever been made for
Home Tel: __________________ Office Tel: ___________________ negligence, breach of professional duty, or
lawsuits been brought against you?
Mobile Tel: _____________________________________________
4. Are you aware of any circumstances or
allegations which might result in a claim being
Email: ________________________________________________ made against you?
IEA Member: Yes No If yes, since __________________ 5. Do you currently have a professional indemnity
IEA Membership status: Fellow / Accredited Ordinary / Ordinary /
Associate / Others: ______________________________________ If Yes, please tell us the existing Retroactive
Date as per your existing policy:
IEA Membership number: _________________________________
Name of Current Real Estate Agency / Firm: Important Notice
If your answer is Yes to any of the above question, please let us
______________________________________________________ have the details: _________________________________________ Your application is subject to underwriting and acceptance by NTUC
Income. NTUC Income will notify you of the commencement date
Joined profession since: __________________________________ ____________________________________________________ once your application is accepted.