Two Wheeler Insurance
NCB in Two-Wheeler Insurance Explained: Calculation, Benefits & Renewal
This blog explains what a No-Claim Bonus (NCB) is in two-wheeler insurance, how it is calculated, and the percentage progression from 20% to 50% for consecutive claim-free years. It outlines its importance, benefits like premium discounts and transferability, and practical tips to maximise NCB. It also guides readers on how to apply NCB during policy renewal and avoid common mistakes that may reset the bonus.
20 Sep 2024
This blog explains what a No-Claim Bonus (NCB) is in two-wheeler insurance, how it is calculated, and the percentage progression from 20% to 50% for consecutive claim-free years. It outlines its importance, benefits like premium discounts and transferability, and practical tips to maximise NCB. It also guides readers on how to apply NCB during policy renewal and avoid common mistakes that may reset the bonus.
20 Sep 2024