No claim bonus (NCB) is accrued to a motor insurance policy if no claims are made during the policy period. The bonus works as a discount on the premium payable on the renewal of the policy. It is also possible to use the NCB while buying insurance for a new car. Here’s how to go about it.
Selling the old car
The existing car, which is eligible for NCB, must be sold either to the dealer or a third party for the NCB to be transferred to the new car. It is important ..
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