A no claim bonus (NCB) in car insurance is a discount on the own-damage part of your motor insurance premium. In simple terms, if you don’t make a claim in a policy year, the insurer rewards that claim-free year with a lower renewal premium. Policy wordings tied to IRDAI guidelines
You park your car outside a shopping mall, finish your errands, and return to find a deep dent on the door. There is no note, no witness, and no way to identify who caused it. Moreover, since you opted for third-party car insurance, the consequence is: You end up with
Every bike owner in India must have insurance. The Motor Vehicles Act, 1988, makes this mandatory. Riding without insurance can lead to fines and legal trouble. This bike insurance guide explains the different policy types available. It explains what each policy covers, how premiums are calculated, IDV, No Claim Bonus,
