What is no claim discount?

What is no claim discount?

A no-claim discount (NCD) is a discount on your Comprehensive Car Insurance premium that increases each year you don’t make an at-fault claim (it’s also sometimes called a no-claim bonus or no-claims entitlement). The more consecutive years you’re insured and remain claim-free, the bigger your discount.

How many funeral covers can one have?

While there is no limit to the number of funeral policies you can have, and nothing in the Long-Term Insurance Act that deals with “”over-insurance””, there are insurers who won’t insure any one person for more than a set amount and there are those that will pay only a certain number of polices on a particular person’s … May 24, 2018

How much is Standard bank funeral cover?

If you don’t bank with us: R44 a month for R10 000 cover and R3000 memorial benefit. R148 a month for R30 000 cover and R5000 memorial benefit. R205 a month for R50 000 cover and R5000 memorial benefit.

See also  What are five main insurance policies a business should or must hold?