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What is lesser: Paying the fine or paying the premium? Find out!

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There has been a lot of buzz around the new Motor Vehicle Amendment Act 2019. Starting September 1st 2019, the fines have been increased, ensuring that the people do not violate the rules and stay safe. This new amendment has come into play to check the accident rates and make sure of road safety. It is mandatory to have a two wheeler insurance to ride the vehicle on road. If you do not have insurance, you are liable to pay a fine of Rs. 2000 and/or face imprisonment for up […]

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Here’s How The No Claim Bonus Works In Two Wheeler Insurance

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Apr, 2019

Here’s How The No Claim Bonus Works In Two Wheeler Insurance

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Do you know that you can earn discount on your two wheeler insurance policy? Yes, for every claim free policy year, your two wheeler insurance company gives you a discount on your OD premium (Own Damage premium), referred to as No Claim Bonus (NCB). The No Claim Bonus ranges between 20% and 50%, if you do not file a claim with your two wheeler insurance policy for every consecutive year. Thus, NCB is the best way to progressively reduce your two wheeler insurance premium. Why do you need NCB? With […]

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