A motor insurance policy lasts for a year, and if you do not make any claim during the period, you are rewarded with No Claim Bonus (NCB) by the insurance company at the time of renewal. The percentage of NCB keeps increasing every year as long as no claim is made. In fact, NCB is a discount on the motor insurance premium, but it is given only on own damage premium, not on the third-party premium in a comprehensive motor insurance policy. And since own damage premium constitutes 80-90% of the total premium, NCB can save you a lot of money. However, there is a 50% cap on NCB. While the best way to accumulate NCB is to drive safely, there are other ways as well:
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