NO CLAIM DISCOUNT ( NCD )
For those who are not sure what is No-Claim Discount
NCD is a discount given to the policyholders upon renewal of their motor insurance if no claim is made or arises from the policy for a continuous coverage of 12 months. The discount given is based on a fixed rate provided by Persatuan Insurans Am Malaysia (PIAM) Motor Tariff.
The standard rate for private car is as follows :
- After the first year of insurance 25%
- After the second year of insurance 30%
- After the third year of insurance 38.33%
- After the fourth year of insurance 45%
- After five or more years of insurance 55%
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