What Is NCB In Insurance?

NCB is the no claim bonus which is offered to auto insurance customers at the time of renewal if there is no claim during the previous policy period. The no-claim bonus is a form of discount offered to the customers for not making a claim in the previous policy period. The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. NCB in auto insurance is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer. If there is a claim the NCB would be reduced to 0% and then increases for each claim-free year. The NCB in health insurance is the extra sum insured offered to the customer for not making any claim during the previous policy period.

What is NCB in Insurance Policy?

NCB( no-claim bonus) in an insurance policy is a form of discount offered to the customers for not making a claim in the previous policy period. The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. NCB in auto insurance is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer. If there is a claim the NCB would be reduced to 0% and then increases for each claim-free year. The NCB in health insurance is the extra sum insured offered to the customer for not making any claim during the previous policy period.

What is previous NCB?

In motor insurance, the No Claim Bonus (NCB) in an insurance policy is the discount offered by the insurance company on the own damage section of the insurance policy for the customers who don’t claim in the previous years. The no claim bonus is a reward given to the customers who refrain themselves from small claims or customers with good driving behavior.

What is NCB?

NCB is the no claim bonus which is offered to car insurance customers at the time of renewal if there is no claim during the previous policy period. The no-claim bonus is a form of discount offered to the customers for not making a claim in the previous policy period. The no-claim bonus starts from 0% and reaches up to 50% for each claim-free year. NCB in auto insurance is valid for a period of 90 days from the expiry date of the policy after which the NCB would lapse. Higher NCB means a higher discount for the customer. 

What is PolicyBachat and How does it help with my Life Insurance Policy Purchase?

PolicyBachat is an online insurance web aggregator which helps in selecting the best insurance policy for its customers based on the customer’s requirements. We at PolicyBachat provide the customer with a wide range of options to select from. The best life insurance policy can be selected online from our portal. We even provide assistance to our customers in selecting the best life insurance policy based on the requirements of the customer.

How Do Insurance Companies Make Money?

Most insurance companies make money in two ways: Charging premiums to the policyholders and investing the insurance premium payments.

Why buy insurance online?

There are many different types of insurance and it can be difficult to decide which one is the best for you. However, by purchasing insurance online, you are able to compare different plans and find the one that suits your needs.

Here are some of the benefits of buying insurance online :

  • You can compare plans and find the one that suits your needs
  • You can save money on your current plan by switching providers

can husband and wife both claim maternity insurance?

Yes, it is possible to husband and wife both claim maternity insurance.

Can a policyholder nominate anyone for his Insurance Policy?

Yes. The policyholder can nominate anyone for his insurance policy.

Previous Next

Start Saving Money on Insurance Policy

Compare Life, Health, Car and Two wheeler Insurance rates from top Insurance companies for free.

Start Comparing
1,000+ Reviews
Been Here Before?
Get Back to My Quotes

Please wait while your request is being processed.