Question

If there is no claim in a year then what will be the benefit to the customer as no claim bonus

Answer 1

Answer:

Explanation:

In motor insurance, No Claim Bonus, as the name suggests, is the insurer's reward to the policyholder for not making a claim in the preceding years. That is, NCB – which is a discount ranging from 20-50% on premium payable cannot be claimed as a right but has to be earned by maintaining a claim-free record.