Insurance
What is NCB (No Claim Bonus)? — Meaning, Definition & Example
Definition
NCB is a discount on your motor or health insurance premium for every claim-free year. In motor insurance, NCB can go from 20% (after 1 year) to 50% (after 5 years). NCB is transferable between insurers when switching. Making a claim resets your NCB to zero.
💡 Real Example
If your car insurance premium is ₹20,000 and you have 50% NCB (5 claim-free years), you pay only ₹10,000 — saving ₹10,000.
🇮🇳 NCB (No Claim Bonus) in Hindi / हिंदी में
NCB (नो क्लेम बोनस) — NCB बिना क्लेम वाले प्रत्येक वर्ष के लिए मोटर या स्वास्थ्य बीमा प्रीमियम पर मिलने वाली छूट है।
NCB (No Claim Bonus) (Hinglish) — NCB wo discount hai jo har claim-free year ke baad insurance premium pe milta hai. Motor mein 20% (1 year) se 50% (5 years) tak ja sakta hai.
❓ Frequently Asked Questions
What is NCB (No Claim Bonus) in simple words?
NCB is a discount on your motor or health insurance premium for every claim-free year. In motor insurance, NCB can go from 20% (after 1 year) to 50% (after 5 years). NCB is transferable between insurers when switching. Making a claim resets your NCB to zero.
Can you give an example of NCB (No Claim Bonus)?
If your car insurance premium is ₹20,000 and you have 50% NCB (5 claim-free years), you pay only ₹10,000 — saving ₹10,000.
What is NCB (No Claim Bonus) meaning in Hindi?
In Hindi, NCB (No Claim Bonus) is called NCB (नो क्लेम बोनस). NCB बिना क्लेम वाले प्रत्येक वर्ष के लिए मोटर या स्वास्थ्य बीमा प्रीमियम पर मिलने वाली छूट है।