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Definition: No-claim bonus (NCB) is a discount in premium offered by insurance companies if a vehicle owner has not made a single claim during the term of the motor insurance policy. 3 days ago · What is NCB in Bike Insurance? Now insurers say that if you drive safely, and do not raise a claim for a year, on your policy renewal, you will. What is NCB in Bike / Two-Wheeler Insurance? When the insurance company takes note of you riding your bike safely and not raising any claims. What is NCB in Bike Insurance? NCB or No Claim Bonus is a discount or savings on premium. In such a scenario, he/she becomes eligible for NCB, which is a percentage discount on the. No-Claim Bonus (NCB) is a discount on the premium offered by the insurance company subjected to the condition that the insured has not.