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Contributor
Posts: 50
Registered: ‎31-03-2016

What is NCB?

What is NCB ?

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Frequent Contributor
Posts: 125
Registered: ‎31-03-2016
Solution

Re: What is NCB?

Hi Dasu,

 

NCB is a discount in premium offered by insurance companies if you have not made a single claim during the term of the insurance policy.

 

 

View solution in original post

4 REPLIES 4
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Frequent Contributor
Posts: 125
Registered: ‎31-03-2016
Solution

Re: What is NCB?

Hi Dasu,

 

NCB is a discount in premium offered by insurance companies if you have not made a single claim during the term of the insurance policy.

 

 

View solution in original post

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Moderator
Moderator
Posts: 21
Registered: ‎06-04-2016

Re: What is NCB?

Hello Dasu,

 

No Claim Bonus ( NCB) - Quite simply, it's a discount in the Own Damage premium payable whenrenewing your policy after a claim-free year. It is an incentive for driving carefully and avoiding accidents.

 

Thanks

Akanksha

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Occasional Contributor
Posts: 13
Registered: ‎27-04-2016

Re: What is NCB?

how does it work for multi year policy?

 

Regards

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Frequent Contributor
Posts: 119
Registered: ‎31-03-2016

Re: What is NCB?

Hey Mukesh, 

 

 I think benefits will be same as yearly policy.

 

 

Anuj Shergil