The No Claim Discount (NCD) Protector is an extension of your motor car insurance policy. 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%. (A few insurers like Tenet allow their clients to add on this benefit if their NCD is 30% and above.)

(NCD protector requires additional premium of about 10% above quoted price)

Advantage:

You can preserve your NCD. This is especially important because the insurer will load (increase) your premium after a claim. Considering the fact your gross premium will be high for the next 3 years, it’s quite a relief when you can get 50% discount instead of 20%.

Disadvantage:

NCD protector is only recognised by your existing insurer. This means you will not be able to maintain a 50% NCD if you switch to another insurer. As a result your NCD will be 30% lesser if you insure with a different insurer.

For more information on NCD Protector, please click on the link here:
http://motorinsurancesingapore.com/articles/97/no-claim-discount-ncd-protector