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How To Check The Ncb In Your Car Insurance

How to Check The NCB in Your Car Insurance?

Calculating your car's No-Claim Bonus (NCB) is an easy task. You can find online calculators on insurance company websites which can do the job for you! The NCB is applicable only from the second year of getting a car insurance policy and you will be accumulating your NCB during the first year. However, you can also check the NCB on your own by referring to the NCB slabs.

How do you check the No Claim Bonus of your car insurance policy?

You can contact your insurance provider and ask them to give you the details of your NCB. It will be mentioned in the document they send you for renewing your policy. You can check that too.

You also have the option to check the NCB for your car insurance by referring to the NCB slabs as given below:

  • After one year, you can get a discount of 20%.

  • After two consecutive years, you can get a discount of 25% on your premium during the renewal.

  • After three consecutive years, you can get a discount of 35% during your premium renewal.

  • After four consecutive years, you can get a 45% discount during your policy renewal.

  • After five consecutive years, you can get a discount of 50% during policy renewal.

Tips to maintain the No Claim Bonus in Car Insurance:

Here are a few ways to maintain the No Claim Bonus in Car Insurance:

  • You can save more if you are a good driver. You only have to follow traffic rules and drive at an average speed. Keep in mind that the lower the damage, the lower will be the premium to be paid during renewal. This will entitle you to the No Claim discount benefit.

  • Take care to transfer the NCB of your old car to your new car. This will save you a good amount. You can also transfer NCB from one insurance company to another. For this purpose, you only need to possess the documents like the transfer of ownership certificate, NCB transfer certificate, etc.

  • Take care not to claim for minor damages. If you do so, it will break the accumulated NCB and your renewal premiums will not be discounted. If you have NCB for 5 years, you can even claim up to a whopping 50% discount!

What is a No Claim Bonus add-on in Insurance?

This add-on feature allows you to make an insurance claim without affecting your existing NCB, up to a certain limit.

For more information on topics related to car insurance, you can log on to the Park+ website and browse through the articles on it. There is a specific section on the website, car insurance, that provides you with information regarding various aspects of car insurance. Most topics and FAQs related to car insurance are covered in these articles. If you want to know more about NCB, you can refer to the Park+ website for the same.

To make things easier, it is recommended to download the Park+ app, the one-stop solution to all your road travel issues. You will also have access to additional services in the Park+ app. You can track your e-challans, look for car wash centres near you, search for parking spaces, and do much more through this app. This app is a versatile tool recommended for every car owner for his/her personal use.