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  • No Claim Bonus (NCB) Protection Cover

    Car Insurance
    • Get quotes from multiple insurers
    • Choose from a variety of zero depreciation and roadside assistance covers
    • 3100+ cashless garages

    It is of vital importance that every car owner in India while purchasing a car, also shops for a suitable insurance policy to insure their vehicle. As a car owner, you need to have a third-party insurance at least. The Indian government has made it mandatory for every car owner to insure their car. They have incorporated this rule via the Motor Vehicles Act which needs to be religiously followed in India. Disobeying the law will result in heavy fines and/or other legal actions.

    No Claim Bonus (NCB)

    No Claim Bonus (NCB) is a discount offered by the insurer to the policyholder for every claim-free year during the policy period. Accumulating NCB provides the policyholder with the opportunity to buy/renew a car insurance for lesser premiums unless they raise a claim or the base policy expires. For the first claim-free year, the policyholder is eligible for a premium discount of 20%, for two continuous claim-free years, he/she eligible for 25% and so on.

    The below table shows premium discounts based on the number of claim-free years

    Number of Consecutive Claim-free Years Insurance Premium Discounts
    1 Year 20%
    2 Years 25%
    3 Years 35%
    4 Years 45%
    5 Years 50%

    NCB also reflects the kind of driver you are, the more number of NCBs you have, the more will the insurers consider you as an experienced and good driver. This may also motivate them to reward you with additional perks

    NCB Protection Cover

    NCB Protect is a smart way to ensure that your hard earned bonuses stay protected even if you raise a claim. This protection is usually provided to you as a rider option for the base insurance policy. Among all the rider options available, this is one of the options people favour the most due to the fact that opting for NCB cover ensures low premiums for more than a year depending on the number of NCBs accumulated. So, from the second year onwards, you are eligible for low premiums. This way the policyholder saves money on the insurance premiums. NCB cover costs about 5% - 10% of your base policy and although the NCB cover may be a little costly, the accumulated NCB will give you the added advantage of saving a good sum of money.

    Key points to remember when it comes to NCB:

    • In case you want to renew/transfer your policy to another insurer, you can easily transfer the accumulated NCB due to the NCB Protect cover.
    • Even when you sell your car, you can transfer your car insurance policy from your name to the buyer’s name without giving away your NCB. You can keep your NCB till you buy a new insurance and then add it to the new base policy for continued premium discounts. To do this, you need to provide an NCB retention letter.
    • Once you raise a claim, the accumulated NCB will be used for claim settlement unless you avail an NCB Protect that retains your NCBs in spite of a claim.
    • You lose your accumulated NCB when you don’t renew your expired policy within 90 days from the date of expiry.
    • If the car insurance policy is cancelled before the policy period ends, you can’t earn any NCB.

    No Claim Bonus (NCB) Protection Cover Reviews

    • review Car Insurance
      "Get tie up with cash less outlet in all region"
      0.5 4.5/5 "Excellent!"
      Last 3 years I had insurance with ICICI Lombard, they gave me no claim bonus upto 40% from the coverage value. The settlement process is also good with the insurer, but main concern is there was no cashless outlet available in Gwalior. Hence I didn't go for renewal.
      Was this review helpful? 0
      , gwalior
      Reviewed on Oct 16, 2018
    • HDFC Ergo Car Insurance
      "Its Better"
      0.5 4.0/5 "Great!"
      HDFC Ergo told many features but I am not sure whether all the features are covering in my car plan. Reason to avail HDFC Ergo policy, it comes in my range and I know HDFC is a brand, Though I have taken basic plan, it has 24 hours service with no claim bonus features.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 16, 2018
    • Royal Sundaram Car Insurance
      "Good one"
      0.5 3.0/5 "Satisfactory"
      Actually i have already having a car insurance and i was looking for a other option hence i have chosen Royal Sundaram. In this company premium is less and I'm getting the same benefits which is provided by other company. Comparatively the premium amount is less which is 9500. I have no idea about the coverage anyway they are offering a bumper to bumper, road side assistance and no claim bonus facility.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 15, 2018
    • Iffco Tokio Car Insurance
      "Need Transparency"
      0.5 3.0/5 "Satisfactory"
      I like their service, response time is good and excellent. I am satisfied with Iffco Tokio response but in term of policy benefits its not upto the mark. last time I purchased the car policy I paid extra to get the no claim bonus, that has to be default.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Oct 15, 2018
    • Tata AIG Car Insurance
      "Need NCB along with the policy"
      0.5 3.0/5 "Satisfactory"
      Last policy with Tata Aig, I didn't go for renewal because they don't have no claim bonus features. After taking the policy the executive have called me and ask to pay the amount of Rs.350 to add some additional features for my Honda amaze car.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Oct 15, 2018
    • National Insurance Car Insurance
      "One of the best company"
      0.5 4.5/5 "Excellent!"
      Initially i had a car insurance policy with National for continuous 3 years. The car showroom people has recommended me to take the policy with National. I have received a no claim bonus with them. They used to provide a regular reminders for the renewal. I'm satisfied about the National Insurance
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Oct 12, 2018
    • Liberty Car Insurance
      "Not recommended policy"
      0.5 1.0/5 "Really Bad"
      The premium is very high and the service is very slow. I never called their customer care because my car never dashed anything. This was a simply policy with a higher premium thats the reason i don't want to continue the policy with Liberty videocon. They have offered me a 15% no claim bonus for me.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 12, 2018
    • HDFC Ergo Car Insurance
      "Best policy for a four wheeler that anyone can have"
      0.5 5.0/5 "Blown Away!"
      That policy is the optimized for my car after comparing so many policies. They have given good coverage amount with low premium. I bought this policy in the month of March. I have made a premium amount of Rs. 4 K however i have received the satisfied coverage amount. The road side assistance and no claim bonus was there in this policy.
      Was this review helpful? 0
      , delhi
      Reviewed on Oct 12, 2018
    • HDFC Ergo Car Insurance
      "Looking for better offer"
      0.5 5.0/5 "Blown Away!"
      I think rate is much higher than other competitor, I had used the policy around three years. Hence they have provided no claim bonus but the premium is cost, it would great if they reduce the premium. Almost people expect the lowest premium in the market.
      Was this review helpful? 0
      , kottayam
      Reviewed on Oct 11, 2018
    • Tata AIG Car Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      For nearly ten years I am holding car policies but never claimed with any one including Tata Aig general insurance. It was also good, but the price is bit higher for zero dep policy. They have gave me good no claim bonus benefits based on non usage of policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2018
    • Bajaj Allianz Car Insurance
      "Can work on premium"
      0.5 5.0/5 "Blown Away!"
      They are quoting very high premium, I had been holding Bajaj Allianz for two year. But I didn't get any better offer, hence I am not interest to go for renewal. However the coverage value is good and they have 24 hours service and no claim bonus feature.
      Was this review helpful? 0
      , hariana
      Reviewed on Oct 11, 2018
    • Tata AIG Car Insurance
      "Premium should be economical"
      0.5 4.0/5 "Great!"
      Their insurance price is very costly and its not standard as per the market, last year I had Tata Aig general insurance, they gave me road side assistance, 24 hours service and no claim bonus. At the time of renewal its costly in the market
      Was this review helpful? 0
      , bathinda
      Reviewed on Oct 11, 2018
    • New India Car Insurance
      "Its Good "
      0.5 4.0/5 "Great!"
      New India car policy is comparatively economical when it compared with all the insurance companies, my policy got activated on spot during week end. I have Ford Figo car, they gave me third party cover and 100% of protection with no claim bonus.
      Was this review helpful? 0
      , bathinda
      Reviewed on Oct 11, 2018
    • Bajaj Allianz Car Insurance
      "Coverage should be increase"
      0.5 4.0/5 "Great!"
      Bajaj Allianz offered me lowest coverage but the premium was high for the tenure of one policy. They don't have no claim bonus for the policy. The customer service was not good, I would like to suggest them to increase the value of car insured amount.
      Was this review helpful? 0
      , navsari
      Reviewed on Oct 10, 2018
    • Iffco Tokio Car Insurance
      "Yet to Experience the policy"
      0.5 4.0/5 "Great!"
      I have already been looking into the claim ratio hence i have chosen the Iffco Tokio. Its been a while like March i have taken this policy with Iffco Tokio. I did not remember about the premium amount and coverage. This is a third party insurance. It has been applicable for the no claim bonus.
      Was this review helpful? 0
      , agra
      Reviewed on Oct 10, 2018
    • New India Car Insurance
      "Better price in the market"
      0.5 4.0/5 "Great!"
      Comparatively New India Assurance has less premium than other insurance company. They gave me best IDV value, I have taken 100% of zep depreciation for my car with no claim bonus features. But I would like to suggest their customer support needs to be improved.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2018
    • HDFC Ergo Car Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      Simply I went to the online portal , when I compared the premium HDFC Ergo is bit lower than two or three company with better cover. Hence I have taken HDFC car policy, my plan name is basic plan it has third party liability cover and no claim bonus.
      Was this review helpful? 0
      , delhi
      Reviewed on Oct 10, 2018
    • Tata AIG Car Insurance
      "Looking for better offer and service"
      0.5 3.5/5 "Pretty good"
      The premium amt is high, instead of increasing the year I haven't got any benefits and also there is no claim bonus. From the day one I am using Tata Aig around eight years, but no benefits received from them in term of low cost or ncb and also they are not associated with many service center in Andhari location.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2018
    • National Insurance Car Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      National insurance is good, I don't have any bad remark on them. I haven't use the policy but still they have no claim bonus. But the premium amount is bit high compared to other company. But first time taken it was okay but I didn't go for renewal because of cost.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2018
    • Bajaj Allianz Car Insurance
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I have take taken Bajaj Allianz car insurance based on the coverage and the premium is also economical in the market. They gave me no claim bonus benefit of 20% and they do have cash less garages , they have good network across in India. My bike also got insured with Bajaj Allianz.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 10, 2018
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