- Date : 29/05/2017
- Read: 1 min
As a car owner, here are 5 questions you’ve always wanted answers to.
FAQ #1- What happens if I don’t make a car insurance claim for a whole year?
No claim bonus (NCB) refers to the benefit extended by insurance companies to policy holders who have not lodged a single claim across the term of their motor insurance. This benefit is given in the form of discount on renewal premium of a certain percentage. Usually, it is 20% discount on premium for one claim free year, 25% for two claim free years, 35% for three, 45% for four and 50% for five claim free years!