31-03-2016 07:27 PM
Why do your motor insurance premiums go up the year after a large claim?
06-04-2016 03:51 PM
We at HDFC ERGO do not link the increase in premium to the quantum of a claim. In motor insurance policies, the premium could go up after an own damage claim due to the loss of No Claim Bonus (NCB). NCB is a discount offered on own damage premium by insurance companies if the vehicle owner does not make claim during the term of the motor insurance policy.