For those who are not sure what is No-Claim Discount (NCD),
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%
How to check your NCD status :
Traditionally we will normally ask our insurance agent or contact direct the insurance company. But now few websites has offered this free services online.
ISM Insurance Service
- Visit ISM website
- Key in your vehicle registration number, IC number, First name, last name, email & contact number
- Then “click” Enquire NCD Button, and the system will prompt the status on the screen.
Auto Etiqa Takaful
- Auto Etiqa website also provide similar services, just log on to the website and key in your details. Easy !