Motorcycle Insurance NCD
Get Singapore's highest NCD cover for your motorcycle insurance here at DirectAsia
A No Claim Discount (NCD) is a discount that we offer you on your motorcycle insurance renewal premium if there are no claims on your policy during the current period of cover. If unsure, just speak to our Customer Care specialist at 6665 5555, they will be able to help you out.
| If you've had zero claims for the last | NCD level | Premium discount |
|---|---|---|
| one (1) year | NCD10 | up to 10% |
| two (2) consecutive years | NCD15 | up to 15% |
| three (3) consecutive years | NCD20 | up to 20% |
We wish to reward safe riders even more with our latest NCD discounts which are the highest in Singapore and only available at DirectAsia.
| If you are currently at NCD20 | Your No Claim Discount at DirectAsia is |
|---|---|
| for one (1) year | 25% |
| for two (2) or more consecutive years | 30% |
It's worth remembering that DirectAsia will advance your protected NCD status if you've had a claim with our NCD Protector Plus
Every cent counts, get a quote now to see how much more you can save or call us at 6665 5555!
Transfer of your NCD Cover
Your No Claim Discount is not transferable to any other person. However, your NCD can be transferred from one motorcycle to another.
For example: You've sold your 10 year old motorcycle and purchased a brand new one. You can transfer your existing NCD from your old motorcycle to the new motorcycle. If you bought a second motorcycle, you can decide which motorcycle will benefit from the NCD cover you've earned on your first motorcycle.
NCD if you have been riding as a named rider on somebody else policy
If you have been a named rider on someone else's insurance, you are not entitled to any NCD.
NCD if you were riding a company motorcycle
If you have been riding a company motorcycle and you then buy a personal motorcycle, you would be allowed to transfer the NCD to your new motorcycle insurance cover. This is provided you can show the number of "claim-free" years you have with a letter from the HR department of your employer or from the leasing company, if the motorcycle is leased.
NCD if you are a foreigner / expatriate coming to live in Singapore
You may be entitled to motorcycle insurance NCD, if you provide us with a letter from your last insurance company stating the
- Period of insurance
- Number of "claim-free" years
- No Claim Discount entitlement
NCD is tied to the policyholder who must be the registered owner of the motorcycle.
If you sell your existing motorcycle and buy another one, you can transfer the same NCD from the existing motorcycle to the newly purchased motorcycle.
If you own more than more motorcycle, you will have an individual NCD for each motorcycle.
Reduction in your No Claim Discount Cover
Where an accident happens, an automatic reduction in your No Claim Discount will apply.
Your No Claim Discount will be reduced as described in the table below if one or more claims have been made by/against you during the same period of insurance:
| Your current No Claim Discount: | Your reduced No Claim Discount if you have 1 or more claims: |
|---|---|
| 30% | 0% |
| 25% | 0% |
| 20% | 0% |
| 15% | 0% |
| 10% | 0% |
| 0% | 0% |
If you do not report an accident
If you do not report an accident to us within 24 hours or by the next working day and/or do not provide your motorcycle to us for inspection in accordance with the terms of the Motor Claims Framework, we may reduce your No Claim Discount upon renewal of your policy by as follows:
| Your current No Claim Discount: | Upon renewal (non-reporting): |
|---|---|
| 30% | 25% |
| 25% | 20% |
| 20% | 15% |
| 15% | 10% |
| 10% | 0% |
| 0% | 0% |
Frequently Asked Questions
What is my NCD cover if I have been riding as a named rider on somebody else's policy?
If you have been a named rider on someone else's motorcycle insurance, you are not entitled to any NCD.
Can I protect my No Claim Discount (NCD)?
If you select NCD Protector Plus under our optional benefits then we will protect your No Claim Discount (NCD), when you make up to one claim under your policy and if you renew with us. Only applicable for NCD20, NCD25, NCD30 only.
What is a No Claim Discount (NCD)?
A No Claim Discount is a discount that we offer you on your motorcycle insurance renewal premium if there are no claims on your policy during the current period of insurance.
Is the NCD tied to the Policyholder or the Vehicle?
NCD is tied to the Policyholder who will also be the owner of that respective vehicle.
Can I transfer my NCD to another vehicle if I sell my current vehicle?
Yes, if you sell your existing vehicle and purchase a new one, you can transfer your NCD from your existing vehicle to the newly purchased vehicle so long as you are the registered owner of the new vehicle.
Such NCD transfers only apply between the same vehicle class, e.g. Car to Car, Motorcycle to Motorcycle.
What happens if I own multiple vehicles?
If you own more than one vehicle, each vehicle will have it’s own individual NCD. You may choose to retain your vehicle’s existing NCD or transfer to any newly purchased vehicle of the same vehicle class, e.g. Car to Car, Motorcycle to Motorcycle.
Note that your earned NCD for one vehicle will not automatically apply across all vehicles that you own.
What is NCD Protector Plus? How does it work?
DirectAsia offers customers with NCD20, NCD25, and NCD30 the opportunity to protect their NCD status through the purchase of NCD Protector Plus for a nominal fee. This way, if you have a claim, the NCD Protector Plus will allow your NCD to advance to the next level (up to a maximum of NCD30) the following year. Most insurers will only allow you to maintain your NCD status when you have a claim. Find out more about NCD Protector Plus.