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What is ncb in insurance?


Asked By: Adhira Maharaj



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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. NCB full form in Insurance · NCB in Car Insurance - How it works? · Is it a good idea to make small claims and lose No Claim Bonus?. No claim bonus or NCB in car insurance is a discount given by the insurer to the policyholder for making no claims in preceding years. No Claim Bonus (NCB) is a discount offered on Own Damage (OD) premium for not claiming on your car insurance during the policy period. Synopsis · What is NCB? NCB is the benefit that accrues to the insured/ policyholder if no claims are made in a vehicle insurance policy during the.

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