1. Now is online era, so almost onthespot if under same insurance/takaful company. If diff, may take 24-48 hours.

Easier when old car expired, dont renew, go buy new car and transfer the ncd directly. This can be done before sell the old car.

2. When u sell ur old car before coverage expired, u no need to topup anything, but if still got long time before expired, its actually u who will get back balance of pro-rate.

Example old car coverage is till dec 2023 and u pay 400 after ncd, then sold in june 2023, inform the company and u will be getting refund maybe around 160 (after pro-rate calculation minus stamp duty gst etc.).

Only sum amount. Addon (windscreen flood etc.) wont get refund.

But if expired next 2 weeks or next month then dont bother lah to get the pro-rate refund.

3. Doesnt matter.

Sell old first and buy new later is better, coz car seller can apply the new ncd directly.

If buy new first, u will pay full amount for the new car (0 ncd), then after u sold old car, can call takaful/insurance company to transfer ncd, and they will refund back your excess from new car after deduct the ncd (this is easier if using same company).



This post has been edited by erry-: Jun 27 2023, 02:44 AM

after u done transfer ownership (thumbprint) of the old car to the new owner/car dealer, u can call insurance/takaful company to inform to cancel the existing coverage, once they confirmed in the system the plate num is no longer ur name, can use that ncd for new car already.

This post has been edited by erry-: Jun 27 2023, 07:28 PM

both.

1 nric can have multiple car:

AAA1111 with 55% ncd
BBB2222 with 45% ncd
CCC3333 with 38.33% ncd

I can sell any car above and transfer to new car DDD4444 before their expiry.

I can also decide not to renew any car above after expired and transfer the ncd to new car. If i plan to keep the old car and renew, ncd will reset to 0%

This post has been edited by erry-: Jun 27 2023, 07:33 PM

yes can. max 1 year.

if you do not acquire a new vehicle and your ncd remains unused after one year, it will be reversed.

new = doesnt mean "car brand new".
it just "new plate num" under ur nric.
u can buy used car and transfer the ncd to that car also.

This post has been edited by erry-: Jun 28 2023, 09:34 AM