No Claim Bonus: A Unique Feature of Two-Wheeler Insurance

How is NCB Calculated?

NCB starts at 20% after the first claim-free year and can accumulate up to 50% over five consecutive claim-free years. Here's a breakdown:

• 1st year: 20% discount
• 2nd year: 25% discount
• 3rd year: 35% discount
• 4th year: 45% discount
• 5th year: 50% discount

This progressive structure means that the longer you ride without filing a claim, the more you save on your premiums.

The Importance of NCB

NCB serves as both a financial incentive and a testament to your safe riding practices. By avoiding minor claims and handling small repairs out-of-pocket, you can maintain your NCB and enjoy substantial savings over time. For instance, a 50% NCB on a premium of ₹2,000 translates to a ₹1,000 discount—a significant amount that underscores the value of cautious driving.

NCB Protection Add-On

One of the challenges with NCB is that it resets to zero if you make a claim. To safeguard against this, insurers offer an NCB Protection Add-On. This feature allows you to retain your accumulated NCB even after making a claim, ensuring that a single incident doesn't erase years of safe driving benefits. It's an especially valuable add-on for those who have built up a substantial NCB over time.

Transferring NCB Between Insurers

If you decide to switch insurance providers, your NCB isn't lost. You can transfer your accumulated NCB to the new insurer by providing proof of your claim-free history, such as a renewal notice or a letter from your previous insurer. This flexibility ensures that your safe driving record continues to benefit you, regardless of the insurer you choose.

Jio Insurance Broking: Enhancing Your Insurance Experience

Navigating the world of bike insurance can be daunting, but Jio Insurance Broking simplifies the process. As a trusted platform, Jio Insurance Broking offers:

• Comprehensive Comparison: Evaluate policies from top insurers to find the best fit for your needs.
• Customizable Add-Ons: Enhance your policy with options like Zero Depreciation, Roadside Assistance, and NCB Protection.
• Instant Policy Issuance: Secure your bike insurance in just a few clicks.
• User-Friendly Interface: A seamless online experience for purchasing and renewing policies.

By choosing Jio Insurance Broking, you not only ensure comprehensive coverage for your two-wheeler but also maximize benefits like NCB, leading to long-term savings and peace of mind.

The No Claim Bonus is more than just a discount—it's a reflection of your commitment to safe riding. By understanding and leveraging NCB, you can enjoy significant savings on your bike insurance premiums. With platforms like Jio Insurance Broking, managing your policy and maximizing benefits has never been easier. Embrace the road ahead with confidence, knowing that your prudent choices today lead to rewards tomorrow.