If you’re a responsible car owner who rarely files claims, you’re in for a reward — it’s called the No Claim Bonus (NCB). This is one of the best incentives offered in the car insurance industry for safe and claim-free driving. But what if a small accident forces you to make a claim? That’s where NCB Protection steps in, safeguarding the rewards of your careful driving even after a claim.
Let’s dive deep into what NCB Protection means, why it matters, and how Jio Insurance Broking helps you make smarter decisions around it.
The No Claim Bonus (NCB) is a reward system provided by insurers to policyholders who do not file a claim during the term of their car insurance policy. It’s a progressive discount — the more consecutive years you go without a claim, the higher the discount on your next premium.
Here’s a quick snapshot of how NCB works:
This can significantly lower your renewal premiums and motivate you to drive cautiously.
The Problem: One Small Claim Can Reset It All
Despite years of responsible driving, a single unfortunate incident — like a fender bender or a broken windshield — can wipe out your entire NCB. That means you go back to square one, losing all the discounts you've accumulated.
This is where NCB Protection becomes a lifesaver.
NCB Protection is an add-on cover or rider you can purchase along with your standard car insurance policy. It allows you to retain your accumulated No Claim Bonus even after making a limited number of claims during the policy year.
It’s essentially a shield for your NCB — ensuring that your rewards aren’t lost due to minor or unavoidable claims.
Let’s say you’ve earned a 35% NCB after three claim-free years. In the fourth year, your car gets scratched in a parking lot, and you file a small claim. If you have NCB Protection, your 35% bonus will remain intact when you renew the policy, even though you made a claim.
Without this protection, you would lose the bonus and have to start building it from scratch.
However, do note:
Here’s why NCB Protection is a smart investment:
NCB Protection makes the most sense when:
At Jio Insurance Broking, we make it easy to customise your car insurance with essential add-ons like NCB Protection.
Here’s how it works:
We believe in making insurance simple, transparent, and tailored to your needs.
Car insurance isn’t just about legal compliance — it’s about making smart, protective choices for your finances and your future. NCB Protection is a tiny investment that can save you a significant amount over time.
At Jio Insurance Broking, we’re here to help you keep your hard-earned benefits intact. Drive safe, protect smart, and always choose a partner that has your back.