What is NCB?
This is a bonus given to any insured party by the insurance provider, who does not claim their insurance during their previous policy period. It is only applicable on Own-Damage (OD) packages on timely renewal and can range anywhere between 20% and 50%.
Important:
- If you're changing insurance providers, the NCB will automatically be applicable on the next purchase. This is only applicable if you insure your bike before 90 days for the insurance expiry date.
- If you sell or transfer your vehicle to someone else, any NCB can be retained by the seller of the bike and can be transferred to the new purchased policy if applicable. You can collect a certificate indicating your NCB eligibility, which will be applicable on your next purchased policy to protect your new bike.