Navigating No Claim Bonus (NCB) benefits is not just about selection. It involves strategic planning to lower your insurance costs while maximising its potential through claim-free years.
How to Select NCB in Two-Wheeler Insurance
Understanding how to select NCB in bike insurance involves knowing its nuances:
Earned, Not Selected:
NCB is automatically granted after a claim-free year to reward cautious riders.
Renewal Benefits:
Utilising NCB at renewal time can significantly reduce your premium costs. This makes it a valuable cost-saving aspect of bike insurance.
Conclusion
While NCB is not something you select, managing your two-wheeler insurance claims wisely ensures you benefit from this reward. It will also lead to substantial savings on your premiums over time.