Recently, General Insurance Association (GIA) has received feedback from MAS that many motorists who have bought No Claim Discount (NCD) Protector for their motor insurance are not clearly aware that:
i) their NCD Protector may not be transferable to another insurer
ii) having an NCD Protector will not necessarily protect them against non-renewal or cancellation of their policy by their insurer
And many policyholders are not even aware that they are paying an extra premium for such a feature!
For more information about No Claim Discount, please refer my blog post All you need know about NO CLAIM DISCOUNT.
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