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How does a No Claim Bonus help me?

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The No Claim Bonus is a great way to progressively reduce your motor insurance premium. For example, the table below shows the premium payable towards a Maruti Wagon R costing Rs.3.6 lakhs, over six years in following scenarios: Scenario 1: When no claim is made and the No Claim Bonus is earned, as applicable Scenario 2: When a claim is made every year   IDV Scenario 1 (With NCB) Scenario 2 (Without NCB) Year Value in Rs. NCB % Premium NCB % Premium Year 1 360000 0 11,257 0 11,257 […]

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