Dear Customers،
Alrajhi Takaful is pleased to apply a no claim discount up to 30% for those vehicles insurance that do not have previous claims.
1. What are the minimum Pricing factors?
- Driver Age
- Vehicle Age
- Address of Policyholder (Location)
- Make & Model of the vehicle
What is a no-claims discount?
- A no-claims discount (NCD) is a discount you receive on your Car Insurance premium for every claim free year.
- The more years you remain claim-free, the lower your premium. The discount is typically capped at a certain number of years (currently 3 years).
- This discount is for Retail and SME customers, so applicable only in our Motor Retail Portal as well on line business.
NCD rating
- The NCD benefit is applicable for a maximum of 3 year claim-free driving.
- NCD level will be recalculated at every renewal, it will reduce one level if no claims (i.e. from level 1 to level 2) and vice versa.
| NCD Level | Discount - Loading | # of Years with No Claim |
|---|
| 0 | Base Premium | Reported Claims in the last 12 months |
| 1 | 15% Discount | 1 year free Claims |
| 2 | 22.5% Discount | 2 years free Claims |
| 3 | 30% discount | 3 years free Claim |
Who is eligible for NCD?
- The vehicle owner is eligible for NCD. If the Owner has two vehicles, each vehicle will have its own NCD.
Renewals. How can I get my NCD certificate in order to insure my vehicle?
- A PDF NCD certificate will be sent to your email address 30 days prior to your policy expiry.
- You can print NCD from ART web sale page or You can ask ART Branch to get NCD print.
- Upon request we will provide NCD certificate maximum within 3 working days.
New Business. How can I get my NCD certificate in order to insure my vehicle?
- If your ID # is 1 or 2 Series, Najm has developed a NCD service that provides automatically your NCD level to all Insurers, so no need to provide the NCD proof. However, if your ID # is a 7 Series, you will have to provide your NCD proof
Is NCD is applicable on Add on Covers?
- No, NCD is applicable on Basic Rate/Premium
What happens to my NCD if I make a claim?
- Each time you make a claim, your NCD will be re calculated at the renewal
In what circumstance I will lose NCD?
- Theft and Fire loss, Insured always lose NCD regardless of liability
In what circumstance I will not lose NCD?
- The accident was not your fault
- The damage was caused by bad weather (Flood or Nat Cat Loss)
For NCD, is the claims history of the Insured vehicle captured?
- Yes regardless who drives the insured vehicle.
What if I change my email address?
- In such a case you need to intimate insurer your new email address.
Will the Insurance Company validate my NCD?
Can I transfer my no claim discount?
- No, it is not transferrable, it belongs to the vehicle owner.