Is it worth getting no claims bonus protection?
How to check the applicable NCB when it comes to car insurance?
You can check the applicable NCB by referring to the NCB slabs. During the online car insurance renewal process, the applicable NCB will be mention...
How much is the maximum No Claim Bonus for car insurance in India?
The maximum No Claim Bonus for car insurance in India is 50% provided no claims have been raised for a consecutive period of five years.
I have two cars. Will one No Claim Bonus Protection Cover Add-on be applicable for both cars?
No, the Add-on will be for one specific policy. You will have to buy another one for the second car.
Is NCB not applicable to Third-party insurance?
NCB is not applicable for liability-only Third-party policies. It is related to ‘Own Damage’, which is a component in case of a Comprehensive vehic...
Can an insurance company offer the NCB retention letter without a change in the ownership of the car...
The NCB retention letter/NCB Transfer Certificate can prove beneficial in the case you are switching insurers and wish to benefit from your accumul...
What happens to my accumulated NCB if I raise a claim for a small incident such as repairing a paint...
If you raise a claim and you do not have the NCB protection Add-on, your accumulated NCB will become zero. It does not matter if the claim is for a...
Is it possible to cash-out the No Claim Bonus if I do not want to continue with non-mandatory car in...
First, NCB is a discount which activates on policy renewal. Second, it is applicable in the case of a Comprehensive policy, which is non-mandatory....
Is there a specific time limit concerning transferring No Claim Bonus to a legal heir?
Please reach out to your insurance company as the answer might depend upon specific legalities.
How does the insurance company calculate No Claim Bonus for car insurance?
The insurance company calculates No Claim Bonus for car insurance based on the NCB slab and the claims raised by the policyholder during the previo...