Save up to 50% on Bike and Car Insurance: Complete Details of No Claim Bonus (Ncb)


Hello friends! Today we will know how you can save 20 to 50% of your bike or car insurance money every year. Recently I came to know about this and I thought that many people are deprived of this benefit due to lack of information. In this blog, we will learn in detail about No Claim Bonus (NCB) and understand how by using it properly you can save huge on your insurance.

What is No Claim Bonus (NCB)?

No Claim Bonus (NCB) is a reward given by insurance companies to the policy holder. When you insure your bike or car and do not make any claim for the whole year, you get a discount of 20 to 50% in the next year. This bonus is given by the insurance company for your driving properly and not making any claim.

How does the No Claim Bonus work?

  1. First Year: When you get insured and spend the entire year without any claims, you get a discount of 20% in the next year.
  2. Second Year: If you do not claim in the next year also, you will get a discount of 25%.
  3. Third Year: Similarly 35% discount in the third year.
  4. 4th Year: 45% discount in 4th year.
  5. Fifth Year: 50% discount will be available in the fifth year, which is the maximum.

Note that more than 50% discount is not available.

Requirements to avail No Claim Bonus

Insurance companies have set some criteria for obtaining NCB:

  1. Renewal within 45 days: After your insurance expires, you have to get re-insured within 45 days.
  2. No Claim Bonus Protector: It is necessary to turn on No Claim Bonus Protector at the time of insurance.
  3. Correct calculation of bonus amount: Your bonus amount will have to be calculated and applied only after calculating it properly.
  4. Discount on Basic Audi Premium: 20 to 50% discount will be available on basic Audi premium, not on total insurance premium.
  5. Bonus Reset on Claim: If you claim in any year, the bonus will be reset and you will have to start again with 20% the next year.


Friends, No Claim Bonus is a means by which you can save huge on your vehicle insurance. For this you only need to have the right information and a little caution. Hopefully, you would have got important information about NCB from this blog.

Read Also:-

Car Loan: After Knowing These Rules, You Can Easily Get a Car Loan in 2024

How Bank Loan and Insurance Make Your Car Loan Safe: Loan Closing Process After Death.

1 thought on “Save up to 50% on Bike and Car Insurance: Complete Details of No Claim Bonus (Ncb)”

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