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No Claim Bonus Percentage [National Insurance Company]

#1 11-Sep, 2009 09:42 PM
Rupin
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Joined Date: 08 Sep 2009
Posts: 8
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Hello  Folks,

Can some one tell me what percentage of No Claim Bonus (NCB) the National Insurance Company Offered. I have purchased my bike in 2008 and now have to renew my insurance for my bike. Pl tell me what percentage of no claim bonus i will get on the premium

Regards
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#2 01-Nov, 2009 09:55 PM
Pankaj Prasad
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Joined Date: 29 Sep 2007
Location: Vadodara
Posts: 13628
Likes: 39

Sorry, this query went unnoticed by all.

NCBs, as I remember...

1st renewal: 20%

2nd renewal: 25%

3rd renewal: 35%

4th renewal: 45%

5th, 6th & 7th renewals: 50%

8th, 9th & 10th renewals: 60%

11th renewal onwards: 65% (max).




Honesty is not a Spare Wheel that you pull out when in trouble. It's a Steering Wheel that keeps you on the right path throughout the life's journey.
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#3 11-Jan, 2012 02:35 PM
Manabendra Ghosh
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Joined Date: 08 Jan 2010
Location: Kolkata
Posts: 3
Likes: 0

Hi,

I have a typical situation.

My car insurance is eligble for Automobile Association discount of Rs 200/- and NCB of 50%. However, I am confused as to how the premium should be calculated. There can be two ways in which it can be done:

1. (Own Damage Premium-Automobile Association Discount) x NCB%, OR

2. OD Premium x NCB% - Automobile Association Discount.

In the first case, I will have to pay more by approx Rs 132/- than from the second case.

Please advice.

Regards,
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