NCB (No Claim Bonus) and its benefits
What is NCB and under what circumstances is it applicable and how does it benefit the vehicle owner?
NCB is the short form of No Claim Bonus; it is rewarded to the owner of the vehicle who is also the policy holder for No Claim / Claims in the previous policy year. It can be accumulated over a period of time
If you have NCB you can avail a discount ranging from 20-50% on the Own Damage Premium.
NCB rewards you for being a good driver and helps you save on your motor insurance. The chart here illustrates the discount on Own Damage Premium on account of no claims for the consecutive years.
|
20% discount on OD Premium
|
No claim made or pending during the preceding full year of insurance |
|
25% discount on OD Premium
|
No claim made or pending during the preceding 2 consecutive years of insurance |
|
35% discount on OD Premium
|
No claim made or pending during the preceding 3 consecutive years of insurance |
|
45% discount on OD Premium
|
No claim made or pending during the preceding 4 consecutive years of insurance |
|
50% discount on OD Premium
|
No claim made or pending during the preceding 5 consecutive years of insurance |
Please note
* NCB becomes Nil in case of a claim
* NCB follows the fortune of the customer and not the vehicle
* NCB can be transferred to the new vehicle in case of substitution of vehicle of the same class
* Validity – 90 days from the date of expiry of the policy
* NCB can be utilized within 3 years (where the existing vehicle is sold and a new vehicle is purchased)
* NCB recovery can be done in case of a name transfer
97 Comments
Leave a Response
NOTE: We take your privacy seriously and request you not to share your credit card number, contact details or any other personal information using public comments section below. We request you to submit your query/complaint through available query forms above as per the case. In case you mention your personal information in the public comments section, we shall make it a hidden field from our end to ensure your privacy. Please read our Privacy Policy here.
Ask A Policy Related Query
Login To The Life Customer Portal
Register a Complaint
i have bought second hand car make Maruti Suzuki model Swift Dzire LDI year 2008. i am looking for car insurace and my car insurace will expire on 19th April 12, car is insured under Iffco- Tokyo.
i came to know about Bajaj Allianz car insurance policy, i have check on line regarding premium calculation but unable to get it since there is error related to website. one of the agent guided me related to the policy of zero depreciation for the car, in this zero depriciation you can claim full insurace for all the parts including plastic parts. also one get’s discount on spares and on labour charges from preferred bajaj workshop.
kindly let me know your plan details.
Pranay
9324071145
Dear Mr. Pranay,
Thank you for writing to us. The concerned team will get in touch with your id.
Request you to go through the same and let us know in case of any query.
Best Regards,
Help & Support Team
I have my WagonR Duo car insured through you. Policy # OG-12-2201-1801-00018942. I want the NCB confirmation certificate for this policy, as I am selling my old car and will be purchasing a new car.
Thanks
B R Sutaria
9925383082.
Dear Mr. Sutaria,
Thank you for contacting us. We have informed the concerned team about your requirement.
They will look into the same and update you on your id.
Best Regards,
Help & Support Team
I have been having my car insurance policy with Bajaj Allianz from August 2008 renewed year on year with current policy no being OG-12-1801-1801-00028465. I have been getting No Claim Bonus for all the period.
Now, I am intending to sell my current car and buy a new car of same make and almost same value, what will my No Claim Bonus be and how would that be transferred when I buy a new car.
Please share the procedure.
Dear Mr. Srigopal,
The current NCB in your policy can be transferred to the new vehicle you are purchasing. For this purpose, we require a few documents, the details will be mailed on your id.
Also please find the details regarding your current insurance policy in the mail. Request you to go through the same and let us know in case any further assistance is required.
Best Regards,
Help & Support Team
Dear Sir,
I require NCB confirmation certificate against my policy no. OG-11-1401-1801-00008978 OF BAJAJ ALLIANG GEN INS CO LTD
Pls do the needful.
Thanks & regards,
DD Verma
Dear Mr. Verma,
Thank you for writing to us. We shall send across a mail on your id for your reference. Request you to go through the same and provide us with the required details.
This will enable us to assist you better.
Best Regards,
Help & Support Team
I HAVE BEEN INSURING MY SANTRO XNG CAR THROUGH YOU FOR LAST SO MANY YEARS. TODAY I ALSO RENEWED MY INSURANCE POLICY WITH RECEIPT NO 1401-00349188.1- PLEASE CONFIRM IF NCB BENEFIT HAS BEEN GRANTED TO ME – AS PER THE RATES SHOWN ON THE WEB SITE? 2- MY CORRECT FIRST NAME IS DILLIP. MAY I REQUEST YOU TO AMMEND IT. 3- PLEASE AMMEND MY CURRENT ADDRESS TO THE DESPATCH ADDRESS GIVEN BY ME.— THANKS
Dear Mr. Dilip,
Request you to mail us your contact details, previous policy number and your current address on help.support@bajajallianz.co.in
We shall look into the same and update you.
Best Regards,
Help & Support Team
Dear Sir,
My M/CYCLE insurance policy is about to expire on 7.03.2012. i want to renewal it. please give details for renewal at pune.
Dear Mr. Bhagat,
Thank you for writing to us. You can renew your vehicle insurance policy at https://general.bajajallianz.com/Corp/motor/two-wheeler-insurance.jsp
Best Regards,
Help & Support Team
My policy # OG-11-1902-1801-00005863 has expired on 26-Jan-12. I was trying to renew online since 21-Jan but could not renew due to your website problem. 27-Jan onward getting message that policy cannot be renewed online. I contacted call centre on 28-Jan-12 and was informed that I will be contacted for renewal.
I am still awaiting response from Bajaj Allianz for renewal. Please confirm if it can be renewed otherwise I will look for alternate options.
Ranvijai
994*******
Dear Mr. Ranvijai,
We deeply regret the inconvenience caused to you.
We have taken up the issue highlighted by you and are looking into the case. Our representative will get in touch with you shortly.
Best Regards,
Help & Support Team
policy no:OG-11-1501-1801-00029551/TN05X2346/2008/SANTRO-RENEWAL NOTICE -PLEASE
Dear Mr. Ramachandran,
Thank you for writing to us. We shall send across the required details on your id for your reference.
Request you to go through the same and let us know in case of any query.
Best Regards,
Help & Support Team
my policy no. is OG-12-1802-1801-00007992. I am not receiving the original policy copy. What are the next steps.
Dear Mr. Rao,
Thank you for writing to us. We shall look into your complaint and arrange for a speedy dispatch of your policy.
You can, in the meantime, take a print of the soft copy of your policy, which is also a valid proof of insurance.
Best Regards,
Help & Support Team