Usage-Based Motor Insurance (UBMI)

Is there a practical example?

• Miss Jabavu has asked her broker to add NNAC Assist to her policy (at a cost of R48/month). She then proceed to downloaded the app onto her smartphone and completed all information for registration.
• She now wishes to activate the UMBI discount feature. At the beginning of the first month, she uploads images of her current odometer reading and Licence Disk.
• Each month thereafter, after ensuring she is up to date with her premiums, she also uploads images of her current odometer readings. She does this by the 5th of each month in order to qualify.
• At the end of the quarter (3 months) her odometer readings show she has travelled 800km for the period. Her next debit run will be credited with a 20% discount for each of the three months as this is what she qualifies for.
• In the following 3-month period, her odometer readings show that in this period she now has travelled a further 1000km. Her next discount given will be a 15% discount, for each of the preceding three months.

What happens if I am involved in an accident or write off my car during a particular quarter?

• If you have an accident or loss that results in you claiming on your motor policy, you will not qualify for this discount feature for that quarter. You will need to be claim free for the period in order to qualify for the discount.