Meaning
No Claim Bonus is a valuable aspect of vehicle insurance.Definition
No Claim Bonus (NCB) is a reward offered by car insurance companies to policyholders for not filing any claims during the policy year. It acts as a discount on the next policy’s premium.How It Works
If no claims are made against your vehicle insurance in a year, you receive an NCB. This discount percentage increases with each claim-free year, up to a maximum. It’s transferable if you switch insurers or buy a new car.Benefits
NCB promotes safe driving and helps reduce your annual insurance premium costs, rewarding responsible vehicle ownership.Author
