Monday, June 22, 2015

BCIC leads motor vehicle insurance industry with No Fault Discount

British Caribbean Insurance Company Limited
(BCIC) Maurice Bolt (l), General Manager -
Technology and Systems and Peter Levy,
Managing Director at the re-launch of the
 Motor Max insurance policy
British Caribbean Insurance Company (BCIC) has launched a new No Fault Discount (NFD) feature, which saves motorists from paying higher premiums after a claim for which they were not at fault. 

The practice in the local insurance industry currently is that if a policyholder makes a claim, whether or not it is their fault, they would be liable to pay higher premiums. BCIC's innovative NFD takes into account how the claim occurred and only penalizes insureds that were at fault in some way. 

Peter Levy, Managing Director of BCIC says, "We work hard to make our policies and procedures easier for the customer, and the company is particularly proud that our customers feel comfortable with the terms and price point of our products. Don't just compare prices, compare features."

Motor vehicle owners insured with other companies can switch to BCIC and transfer their existing No Claim Discount to BCIC's NFD feature. 

British Caribbean Insurance Company Limited (BCIC) is a general insurance company, offering a range of insurance solutions designed to protect the valuable assets of individuals and businesses. BCIC is licensed, in accordance with The Insurance Act 2001 to write all classes of general insurance business and offers cover in Residential, Commercial and Industrial Property; Motor Vehicle; Business Interruption; Contractors' All Risks; Goods in Transit; All Risks; Engineering; Burglary; Pecuniary; Financial Guarantees; Employers' Liability and Public Liability. The company's commitment to offering quality customer service was further solidified in 2009 when the Company ensured that that all members of staff were trained and certified by the Jamaica Customer Service Association (JaCSA) and Professional Development Association and incorporated this into their strategic plan as an ongoing policy.

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