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How Is No Claim Bonus Calculated In Car Insurance Policies?
No claim bonus in car insurance is a discount that the insurer offers to the policyholder for going through a term year without making any claims. It starts from 20 per cent on the own damage component of the car insurance premium and can go up to 50% for consecutive claim-free years.
No claim bonus in car insurance is a discount that the insurer offers to the policyholder for going through a term year without making any claims. It starts from 20 per cent on the own damage component of the car insurance premium and can go up to 50% for consecutive claim-free years.
