NCB full form
NCB Full Form – NCB is essentially a discount on your insurance premium that you can avail when you renew your policy. If you do not make any claims for a few years consecutively, You can accumulate up to 50% discount on premiums!
FAQs about NCB :
- NCB will help you to fetch a discount on policy renewal.
- NCB is associated with the car owner and not the car.
- No Claim Bonus is applicable at the time of policy renewal and only on the ‘Own Damage’ component of your car insurance policy.