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No Claim Bonus (NCB) Protection Cover
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A No Claim Bonus (NCB) is offered by the insurance companyto the policyholder on the own-damage (OD) premium amount of the Car/ Bike insurance Policy for a claim free year, at the time of policy renewal.The NCB ranges between 20%-50% depending on the number of claim-free years. But in general the policyholder loses the benefit if he raises the claim. NCB Protection cover can be bought as a add-on cover with the motor insurance policy. It can protects the NCB even if the claim is raised by the policyholder.
This video is for educational and informational purposes only. Viewers should consult their Insurance Advisors/financial advisors/ Tax Consultants before making any investment decisions.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes.
Follow me on social media:
#NCB #NoClaimBonus #CarInsurance #BikeInsurance
This video is for educational and informational purposes only. Viewers should consult their Insurance Advisors/financial advisors/ Tax Consultants before making any investment decisions.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of future performance of the schemes.
Follow me on social media:
#NCB #NoClaimBonus #CarInsurance #BikeInsurance
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