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What is kp in car insurance?

Asked By: Anaisha Khosla

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Master's in Economics & Chinese (language), University of California, San Diego Process Improvement Test Cases Inventory Management Circuits Jacksonville United States

As per the Motor Vehicles Act of 1988, a valid motor insurance is mandatory for plying any vehicle on road. Probably the most commonly recommended add-on, this cover entitles you to claim the full cost of replacing car parts damaged in accidents. Know more about add ons of motor & car insurance covers at Future Generali General Insurance, visit our add-ons page for more information. A car insurance policy earns No Claim Bonus (NCB) in the year when the policyholder makes no claim. The Insured's Declared Value (IDV) of the vehicle will be deemed to be the 'SUM INSURED' for the purpose of vehicle insurance. 1) NCB Retention Add On Cover.


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