25% NCD Discount | Malaysia's Financial Blogger | Financial Freedom Ideas

Penang International Property Expo 2010 [ March 19th, 2010 ] | 52 views | Leave a Comment

Penang International Property Expo is one of the biggest one-stop property, home and lifestyle exhibitions in the northern region, and it is certainly an event not to be missed. If not mistaken, PIP Creation Sdn Bhd is organizing the 5th annual property fair at this coming weekend.

PenangInternationalPropertyExpo2010

If you are planning to get yourself a new house or property investment, then this is a good opportunity for you to take survey on the properties you like. This kind of event showcase sure will have a lot of lucky draws, and door gifts. If you want to know more, you can check for the program details and schedule below:

Date: 19th to 21st March 2010

Time: 11am to 9pm

Venue: Penang International Sports Arena (PISA)

Admission: Free

Malaysia Motor Insurance - No Claim Discount (NCD)

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Do you know what is NCD? NCD is No Claim Discount and this is the thing that every people should know when buying car. If you are buying car for the first time or become the first time policyholder, then you will not have NCD for the first year on the road.

This No Claim Discount (NCD) is only given to the policy holders upon they renew their motor insurance if no claim was made against your policy within 12 months coverage. Let say if you free from any claim within the year, then you will be rewarded with a 25% NCD discount of your renewal premium next year. Else, your NCD for your car will be forfeited and falls back to 0%. In the other words, once you have claimed on the motor insurance then your NCD is gone.

For those existing car driver who is planning to change their car then they can transfer their current NCD to new car’s insurance, even if switch to another insurance company. However, the NCD is not transferable to another person. Let say you have 55% NCD for your existing car but you sold it and didn’t buy another car within 2 years then your 55% NCD will go down 2 levels become 38.33%.

NCD Is Not Just A Discount