If you do not make any claim, then, you will get a discount of 50 percent on the premium. NCB's benefit is available only in the form of a discount on
As per the Motor Vehicles Act, it is mandatory for every vehicle owner to buy a motor insurance policy in India.
In health insurance, a no-claim bonus is primarily the money added to the sum insured for each year without a claim.
The primary reason behind an annual increase in the car insurance premium is the rise in third party insurance premium rates by the IRDAI.
Renewing the policy after the due date can be critical because of the different procedures one has to go through as per their insurers