Consider yourself a responsible citizen who enjoys oodles of uninterrupted good luck? If you have an insurance policy with us but don’t claim very often – or at all – you’re in for a reward! The No-claim reward (NCR) is our way of rewarding you when you don’t claim for a certain period (known as the NCR period). If you don’t claim for a certain period (and there was no break in cover), we’ll pay part of the premiums you’ve already paid back to you in cash, for you to put straight back into your pocket!
We offer 3 kinds of no-claim rewards:
We calculate the no-claim reward as a percentage of the premiums you paid us over the entire NCR period, less your joining fee, any monthly administrative fees, Sasria premiums and any commission that may be applicable.
When do we pay out?
We’ll pay out your no-claim reward 30 days after the end of the NCR period, into the same bank account from which we collect your premiums.