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Car insurance is a type of insurance policy that efficiently takes care of expenses arising from unfortunate events, such as an accident, theft, and any third-party liability.
No Claim Bonus (NCB) Definition. No claim bonus (NCB) is a discount, given by an insurer to a policyholder for making no claims during the policy term.
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5. No Claim Bonus (NCB) NCB is a discount that you get on your premium amount when you have made any claims during your previous policy period. This discount will keep increasing progressively for each claim-free year until the car insurance premium is reduced up to 50%.
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