A No-Claim Discount (NCD) entitles you to a lower car insurance premium. The maximum NCD you can have is 50% and the lowest is 0%. Thus the discount you get depends on how high your NCD is. NCD is one of the ways you are rewarded for being a safe driver.
If you have bought an NTUC car insurance before, you’ll probably know how to renew your motor insurance with NTUC Income. The process is easy and hassle free. About one month before your car insurance expires, the insurer will send you a renewal notice. You can simply follow their step-by-step instruction to renew and pay for your car insurance.
There are occasions when your NTUC car insurance may need to be cancelled before it is due. When this happens you can get back the remaining (unused) value of your policy. As such, a little knowledge on how to estimate your refund value and how to cancel your policy may be helpful.