No Claim Discount (NCD)

Private Motor Vechicle

In the event of no claim being made or arising under the Policy during any of the periods of insurance specified below, the next renewal premium shall be reduced by the Discount specified hereunder

 Period of Insurance  The Discount (on renewal premium) 
 One year 20% NCD
 2 consecutive years 30% NCD
 3 consecutive years 40% NCD
 4 consecutive years 50% NCD
 5 or more consecutive years 60% NCD

Commercial Motor Vehicle & Motor Cycle:

In the event of no claim being made or arising under the Policy during any of the periods of insurance specified below, the next renewal premium shall be reduced by the Discount specified hereunder:

 Period of Insurance  The Discount 
 One year 10% NCD
 2 consecutive years 20% NCD
 3 or more consecutive years 30% NCD


This is only a summary and does not constitute any part of the contract.

The insurance company also reserves the right of final approval. For the enquiries, please contact us at 2810 7138.