Insurance

[jia_yvon]

no la... if no claim, u will have ncd. if gt claim, ncd drop 20-30%..

[pearl]

in short.. got claim pay more no claim pay less rite..

[jia_yvon]

thats for sure bro... btw u stay east side where ?

[pearl]

thx for the info. pasir ris. u?

[eedwinn]

So the newer the bike, the more expensive?

 

Or is it older the bike, the more expensive?

[jia_yvon]

thx for the info. pasir ris. u?

 

bedok south

[jia_yvon]

So the newer the bike, the more expensive?

 

Or is it older the bike, the more expensive?

 

should be the newer 1 more ex.. not 100% sure about it. nv heard of it also ley.. haha

[Guest limpeiwah]

confirm. first year bikes got additional loading.

[jia_yvon]

phew.. im correct then. haha.

[Guest limpeiwah]

ya u sibei zhun!song ah!

[eedwinn]

confirm. first year bikes got additional loading.

 

What does additional loading means? Additional costs? Thanks for the clarification.

[Guest limpeiwah]

yessir. exactly that. loading means charge. higher $$$

[jia_yvon]

ya.. load into ur premium.. make ur premium become more ex..

[jia_yvon]

ya u sibei zhun!song ah!

 

i juz share wat i noe. i dun ani how tell ppl things which i duno..

 

where gt song.. hai hao la... 2night then i go SONG SONG LA.. LOL:P

[Guest limpeiwah]

song song gao jurong

[jia_yvon]

nah mi go jb song song song song until 2moro then cum back work

[Guest limpeiwah]

go jb do wat?

[jia_yvon]

Song Song Lah

[Guest limpeiwah]

song song happy happy

[aRcHeR]

indoor occupation or outdoor.

 

gt difference bro.. nutc think that, if u working as outdoor compare to indoor, exposure higher, of course loading higher, resulting premium higher lor.. is true..

 

where got such thing such as diff occupation, diff premium rates..

 

the various factors that will varies the premium are age of rider, age of bike, model of bike, yrs of experience and no claim discount.

[aRcHeR]

So the newer the bike, the more expensive?

 

Or is it older the bike, the more expensive?

 

newer bike will cost more than older bike.

 

but if u put a new rider on an old bike, premium will still be higher than a old rider on the old bike.

[xue ling]

ntuc is 661 for under 21 + p-plate..

mitsui is 1257 for under 21 + p-plate..

 

that's the amt i got for riding an sp.. not very sure abt other bikes

[redbeacon]

ncd is wat?

 

No-Claim Discount

 

In layman's terms, it's a clean-riding-record discount.

 

So for instance, if a person (let's call him) John signs up with an insurance company, if he maintains an accident-free record, he will be given 10% NCD.

To him, this means that when he renew his insurance at the end of the year, he gets 10% discount over the whole calculated premium.

 

This NCD does grow every year as you renew your insurance, but grow by how much depends on the insurance company.

 

Should John get involved with an accident, the NCD resets itself to 0%

[Guest limpeiwah]

motorbike insurance max no claims discount is 20% allowed

[Guest limpeiwah]

where got such thing such as diff occupation, diff premium rates..

 

got. indoor cheaper than outdoor occupation. why? dont ask me ask ntuc income.