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What Does No Claim Bonus (NCB) in Insurance Mean?
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What is No Claim Bonus in Insurance?
No Claim Bonus in insurance or NCB is defined as a discount on premium awarded to the policyholder for not making a claim during the policy year. You can get up to 50% discounts on your premium amount with NCB.*
Another great thing is, NCB in Motor Insurance is transferable from your old vehicle to a new vehicle as long as you remain the policyholder.
In this video, we explain:
1. Introduction 00:00 – 00:23
2. What is No Claim Bonus? 00:24 - 00:56
3. How does it help and what is the discount offered? 00:57 - 01:20
4. Advantages of NCB 01:21 – 01:47
5. Conclusion and Disclaimer 01:48 – 01:57
Read our simplified explanation for more details here:
More on Motor Insurance:
Like and Subscribe for more insurance terms simplified!
You can also follow us on:
#NoClaimBonus #NCB #noclaimbonusincars #whatisnoclaimbonus #ncbininsurance #noclaimbonuscarinsurance #noclaimbonusmeaning #ncbinsurancecover #insuranceclaims #motorinsurance #Carinsurance #Digitcarinsurance #DoTheDigitDigit #digitinsurance #godigitgeneralinsurance
#InsuranceAwareness
No Claim Bonus in insurance or NCB is defined as a discount on premium awarded to the policyholder for not making a claim during the policy year. You can get up to 50% discounts on your premium amount with NCB.*
Another great thing is, NCB in Motor Insurance is transferable from your old vehicle to a new vehicle as long as you remain the policyholder.
In this video, we explain:
1. Introduction 00:00 – 00:23
2. What is No Claim Bonus? 00:24 - 00:56
3. How does it help and what is the discount offered? 00:57 - 01:20
4. Advantages of NCB 01:21 – 01:47
5. Conclusion and Disclaimer 01:48 – 01:57
Read our simplified explanation for more details here:
More on Motor Insurance:
Like and Subscribe for more insurance terms simplified!
You can also follow us on:
#NoClaimBonus #NCB #noclaimbonusincars #whatisnoclaimbonus #ncbininsurance #noclaimbonuscarinsurance #noclaimbonusmeaning #ncbinsurancecover #insuranceclaims #motorinsurance #Carinsurance #Digitcarinsurance #DoTheDigitDigit #digitinsurance #godigitgeneralinsurance
#InsuranceAwareness
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