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Contributor
Upkar Singh
Posts: 38
Registered: ‎03-06-2017

What is the percentage of No Claim Bonus(NCB) discount that I am eligible for in the policy?

What is the percentage of No Claim Bonus(NCB) discount that I am eligible for in the policy?

1 REPLY 1
Occasional Contributor
Jyoti Poojari
Posts: 10
Registered: ‎12-09-2017

Re: What is the percentage of No Claim Bonus(NCB) discount that I am eligible for in the policy?

Insured is eligible for NCB if he does not claim in that Period of Insurance. 

 

The NCB % differes from year to year:

 

Period Of Insurance% of Discount on own Damage Premium.
Preceding Year20%
Preceding 2 Consecutive Years.25%
Preceding 3 Consecutive Years.35%
Preceding 4 Consecutive Years.45%
Preceding 5 Consecutive Years.50%

 

You can also opt for NCB Protection Add-on, by which even after claim the NCB remain protected.