Health Insurance
Discount and Loading

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).

For example:
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
one year 25% discount
two or more consecutive years 30% discount

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 Discount and Loading Table

For example:
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.

Have questions?  Speak with us directly at (852) 2884 8888 or provide your details and we’ll call you back on the next working day.