Introduction
For drivers in Malaysia, the No Claim Discount (NCD) is one of the most effective ways to save on insurance premiums.Learn how to transfer NCD between insurance companies, follow the requirements, and let BJAK simplify the process to keep your discount safe.
1. NCD Transfer Requirements
- NCD cannot be transferred to another person; it is only valid under the same NRIC.
- Can only be transferred to the same vehicle class.
- NCD cannot be directly transferred from an active policy. To enable transfer:
- Cancel the old policy, or
- Request an NCD withdrawal endorsement from the previous insurer.
- Cancel the old policy, or
- Once NCD is released via withdrawal or cancellation, the withdrawal slip must be presented to the new insurer.
2. How NCD Transfer Works
- You can transfer NCD only before purchasing or renewing a new policy, not while the new policy is active.
- Once released, the old policy will have 0% NCD.
- The new insurance company will only accept the NCD after receiving the withdrawal slip and verifying all required documents.
- BJAK allows online verification of NCD status before transfer to avoid errors or incomplete documentation.
3. Why insurers lock some NCDs
Some insurers may temporarily “lock” NCDs before allowing transfer, such as when:
- There is an ongoing claims investigation.
- The old policy is still active or not yet cancelled.
- Driver or vehicle records are incomplete or disputed.
You must request NCD release before proceeding with the transfer in these cases. BJAK helps ensure all documents are complete, making the process smoother.
4. BJAK Tips for NCD Transfer
- Check NCD Status: Ensure no gaps in renewal that could reduce NCD.
- Use BJAK Platform: View all policies and insurers to choose the best fit for your NCD history.
- Plan Add-Ons: After transferring your NCD, choose add-ons like VIP Rescue or Key Care to maximize protection.
- Avoid Manual Errors: Using BJAK reduces the risk of losing NCD due to incomplete documentation.
Conclusion
You can easily transfer NCD between insurance companies by following the correct process. With BJAK, drivers can check their NCD, manage withdrawal slips from old policies, and transfer NCD to a new policy before purchase or renewal — ensuring premium discounts remain intact and the car stays fully protected.
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