No Claim Discount

What is No Claim Discount (NCD)?

"NCD" is mean No Claim Discount or also known as "NCB" which mean No Claim Bonus. NCD is a discount given to the Insurer / Policy Holder after completing one year insured period without any claim. The schedule of the NCD / NCB are as follows:

1. First Year 0%
2. Second Year 25%
3. Third Year 30%
4. Fourth Year 38.33%
5. Fifth Year 45%
6. Sixth Year onward 55%