Malaysia

Road Tax : NCD

Its a term we hear once a year when we are due to renew your vehicle roadtax. What is NCD? NCD, short for No Claim Discount, is a discount given to the policyholders upon renewal of their motor insurance if no claim is made or arises from the policy for a continuous coverage of 12 months. The discount given is based on a fixed rate provided by Persatuan Insurans Am Malaysia (PIAM) Motor Tariff.   Period of Insurance Private Car…

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