NCB is a straightforward concept: drive safe, save money! No-Claim Bonus is a reward that insurance companies offer to drivers who don’t file any claims during the policy term. Let’s break it down for better understanding.

 What is NCB, Exactly?

NCB is a discount you earn on your car insurance premium if you go claim-free for the year.

NCB Journey:

    • Starts at 20% for the first claim-free year.

    • Goes up to 50% after 5 consecutive claim-free years.

Pro Tip: This discount applies to the OWN damage premium, not the third-party premium.

How to Earn That Sweet NCB

1. Drive Safe: Follow traffic rules and maintain a clean driving record.

2. Avoid Small Claims: For minor damages like scratches, consider paying out of pocket instead of filing claims.

3. Regular Maintenance: Keep your car in good condition. A well-maintained car reduces the likelihood of claims.

How to Maximize Your NCB

1. NCB Transfer: Selling your car? Don’t worry! NCB is transferable to your next vehicle.

2. Renew on Time: Renew your policy before it expires. If delayed beyond 90 days, NCB lapses.

3. Use Add-Ons: Add a Zero Depreciation add-on. It protects your NCB even if you file a claim.

4. Opt for Comprehensive Insurance: NCB is only applicable on comprehensive policies, not third-party ones.

 Benefits of No-Claim Bonus

1. Big Savings: Reduced premiums mean more money in your pocket.

2. Safe Driving Motivation: Drive responsibly and enjoy bigger discounts year after year.

3. Transferable Reward: You can carry your NCB to a new policy or insurer.

 Myths About NCB: Busted!

1. NCB belongs to the car, not the driver: Wrong! NCB is tied to the driver’s name, not the car.

2. Claiming once means NCB is gone forever: Not true! Add-ons like NCB Protectors can save your bonus even after a claim.

3. No NCB means higher premiums: While NCB helps reduce premiums, comparing policies can still help you find good rates.

Final Thoughts

NCB is a great reward for safe and responsible drivers. If you drive claim-free, your premium for the next year will be significantly lower. Renew your policy on time, drive carefully, and enjoy the perks of being a safe driver. Saving money never goes out of style!