A car insurance calculator will show that the amount of NCB percentage will depend on the
number of claims-free years you have racked up. This starts from year 2 of the insurance
NCB discount starts from 20% and reaches its maximum at 50% on the premium to be paid
typically by the 5 th year.
2. NCB is attached to the policyholder rather than the car:
If you buy car insurance and want to switch over to a new vehicle after 2-3 years, the
accumulated NCB will also be carried forward to the new car. So, the NCB benefit is associated
with the policyholder and not the car.
3. Avoid claiming small amounts:
If the amount of claim is less than the NCB value then it is wise to not claim for the same. For
e.g, if your claim to repair a side mirror is Rs 1000 and you are eligible for Rs. 2500 NCB then
the wise thing would be to bear the Rs. 1000 and save the Rs. 2500 NCB for bigger claims.
When you renew online car insurance, these details on NCB can land you a great deal in the premium payable.
It is also advisable to purchase car insurance policies from reputed insurance companies like Bharti AXA