Your No Claim Discount
A No Claim Discount is a percentage adjustment we make on your premium based on your claim history with DirectAsia’s health insurance.
If you do not make a claim:
If there are no claims on your health insurance policy during your current period of insurance, we’ll give you an extra 5% discount on your No Claim Discount on renewal (up to a maximum of 30% discount).
If your current No Claim Discount is at 20% discount level, and you have made no claim on your policy during the current period of insurance, your renewal premium would be as below.
|No claims for:
||your No Claim Discount is
|two or more consecutive years
If you make a claim
If you make one or more claim(s) during your current period of insurance, your No Claim Discount will be impacted by 15% loading per claim (up to maximum of 30% loading) as described in table below
If your current No Claim Discount is at 20% discount level, and you make one claim during the current period of insurance, your No Claim Discount will be reduced to 5% discount at renewal. If you make two claims during the current period of insurance, your No Claim Discount will be become a 10% loading.
Your discount or loading on renewal is calculated up to two months prior to your policy renewal. This means that a claim paid during the policy period may not impact your discount or loading until the following year.