2
NCA-B) = 30 nCB-A) = 50 and nCAMB) = 20
NCAUB)
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NCB discount isn’t applicable for third-party liability insurance premium, which is the basic cover that is mandatory by law. Usually, third-party liability insurance premium accounts for up to 20% of the total premium amount. So, the earned NCB percentage will be calculated on the total premium minus the third-party liability premium. Understanding this is important, as car owners often wonder if there’s a calculation error as they usually calculate the NCB on the total premium and feel they have received an insufficient discount
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