No Claim Discount (NCD) Protector

The No Claim Discount (NCD) Protector is an extension of your motor car insurance policy. It protects your NCD status – it allows you to make a claim under your policy without losing your NCD (%) status.

This benefit is only available to you if your NCD is 50%. (Some insurers allow their clients to add on this benefit if their NCD is 40% and above.)

The table below shows how the NCD Protector affects your NCD (%) if you have made claims within the policy period:

For example, if you have an NCD of 50% and have made one claim, your NCD will drop to 20%. The NCD protector will allow you to maintain your NCD at 50% upon your next motor insurance renewal.

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Friends Who Read the Above Article Also Read:

1. Lighten Up Your Car Key & Key Chain
2. Comprehensive Policy
3. Choosing a Good Car Mat
4. Renewal Notice
5. How Are You Charged For Your Car Insurance Premium?
6. Geographical Area of Coverge
7. What Has The Motor Insurers’ Bureau of Singapore (MIB) Got To Do With You?
8. Motor Car Insurance Proposal Form (or Application Form)
9. Car Insurance Terms That Can Save You Money
10. What is the Meaning of “Excess”?

This entry was posted on Thursday, February 5th, 2009 at 9:59 am and is filed under Car Insurance Terms. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Friends Who Read the Above Article Also Read:

1. Lighten Up Your Car Key & Key Chain
2. Comprehensive Policy
3. Choosing a Good Car Mat
4. Renewal Notice
5. How Are You Charged For Your Car Insurance Premium?
6. Geographical Area of Coverge
7. What Has The Motor Insurers’ Bureau of Singapore (MIB) Got To Do With You?
8. Motor Car Insurance Proposal Form (or Application Form)
9. Car Insurance Terms That Can Save You Money
10. What is the Meaning of “Excess”?