No claim bonus or NCB refers to the reward that your insurance company gives you for not filing a single claim throughout the policy tenure. This reward is the discount you get on the premium to be paid for car insurance renewal. NCB generally starts at 20% and goes up to 50% for 5 consecutive claim-free years. However, the NCB resets to 0% even if you make a single claim in a policy period.
What is a 'No Claim Bonus' in a car insurance policy? Print
Created by: Deleted Agent
Modified on: Fri, 3 May, 2024 at 11:46 AM
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