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Avinash B.: If you're a good driver, you're less likely to make an accident and hence
you're more likely to be profitable for the insurance company, hence you get given a discount
so that it's more attractive for you to sign up with that particular insurance company.
Seema M.: No claims discount is a very important aspect in motor insurance. No claims is built,
the number of years you drive, claim is free. If you do not have an accident for, say five
years. So, when you purchase a motor insurance, that is taken into consideration and you get
already big discount on your premium. Jeffrey C.: It is very important as well if
you want to get discount or if you want to move into a higher type of policy like what
we have is executive policy wherein all optional covers are inclusive in it. It's good; it's
actually beneficial to the client. Seema M.: When you leave this country and
migrate, and when you have your no claims back in UK it makes a lot of difference; you
get a very good discount. So it's very good to have claims-free driving and have a no
claims discount in your policy. Mark L.: Hit-and-run case will affect your
no claims discount because, basically, this case is like no third party involved. So someone
hits you and you don't know who it is, so when you call the police, so there will be
no third party involved so it will be considered as your fault. So your renewal premium will
be affected, and the renewal premium will go high.
Deng E.: Now, there is some company that has this optional cover wherein you can protect
that no claim discount. I can read an additional premium whatever the level of no claim that
you have previously, you can protect that. Seema M.: So even when you make a claim and
if your claim or policy is protected by the no claim thing, it's called protected no claims.
Then if you make a claim, suppose you have a 50% discount, and if you make a claim the
discount goes to 30%, you don't lose all your 50% no claims. Whereas if you make an accident
and if you do not have a protected no claims in your policy then in that case you lose
all the 50%. So I would suggest that a person should go for this particular thing in their
policy. Fayaz K.: So, the better the driver you are,
you are likely to get better terms when you purchase an insurance every year.