A private settlement is a resolution of the accident between the drivers without involving the insurers. The settlement may result in one party paying the other or both parties agreeing not to claim from each other.
You can maintain a clean claims record by opting for a private settlement with the other party. This would mean that you can continue to enjoy your current No Claims Discount and standard premium on your policy renewal.
Submit the completed form to AIG.
AIG Asia Pacific Insurance Pte. Ltd.
78 Shenton Way #07-16