What is No Claim Bonus in Automotive Industry

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2026-03-02 07:29:32

No Claim Bonus (NCB) is one of the most valuable benefits offered in motor insurance. It is a reward given by insurance companies to policyholders who do not make any claims during the policy period. This bonus is applied as a discount on the premium when the policy is renewed, encouraging safe driving and responsible vehicle ownership. In simple terms, What is NCB in Car Insurance can be...

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